"House of Pinchers"

[Deep See]

I have never read that anywhere. Not to say it aint so.


This is the def. I have gone by

How to Identify it

First day is a long white day
Second day is black with an open above the high of the previous day
Second day closes within but below the midpoint of the first day’s body
What it Means

In an uptrend the market gaps open, but loses ground to fall below the midpoint of the previous day. The Dark Cloud Cover pattern suggests an opportunity for the shorts to capitalize on the next day’s open: a warning sign to bullish investors. The Dark Cloud Cover pattern is the opposite of the Piercing line pattern.