The chart showing Series 1 series.
To see the performance of the pattern in your stock exchange in the context of other stock markets please examine the table below. Find your stock market there and see how it ranks among the others. This will give you an idea about the pattern’s strength and reliability and help you in your selling decisions.
This is a top reversal pattern with two candlesticks. A white candlestick appears on the first day while an uptrend is in progress. The second day opens at a new high, with a gap up and closes more than halfway into the prior white body, leading to the formation of a strong black candlestick.
Recognition Criteria
1. The market is characterized by a prevailing uptrend.
2. A white candlestick appears on the first day.
3. A black candlestick opens on the second day with a gap up and closes more than halfway into the body of the first day.
4. The second day fails to close below the body of the first day.
Pattern Requirements and Flexibility
The first day of the Bearish Dark Cloud Cover pattern is a normal or long white candlestick. The second day should open well above the close of the first day and close more than halfway into the prior white candlestick’s body. However, the close of the second day must stay inside the body of the first day.
Trader’s Behavior
The market moves in an uptrend. The first white body reinforces this view. The next day the market opens higher via a gap, showing that the bullishness still persists. After this very bullish open, bears decide to take the lead. The market plunges toward the close, prices start to go down resulting in a close way below the previous day’s close. Now the bulls are losing their confidence and are reevaluating their long positions. The potential short sellers start thinking that new highs may not hold and perhaps it is time to take short positions.
Sell/Stop Loss Levels
The confirmation level is defined as the last close. Prices should cross below this level for confirmation.

The stop loss level is defined as the last high. Following the bearish signal, if prices go up instead of going down, and close or make two consecutive daily highs above the stop loss level, while no bullish pattern is detected, then the stop loss is triggered.
Pattern Performance in Stock Exchanges since 1/1/2014
Stock Exchange
Per Trade
Total Net%(Descending)
USOTCBB 25201680.0080.0013.352.5010.85
USOTC PINK 45263182203470.3963.848.721.946.78
CanadaCSE 41301673.1753.339.533.436.10
CanadaTSX-V 63043524069.0555.176.111.974.14
USAMEX 1941132483768.7362.744.890.983.92
USWARRANTS 46292163.0472.414.140.523.62
Saudi ArabiaTADAWUL 1564107073568.4168.694.230.623.62
Hong KongHKEX 74755242311870.1359.484.701.123.58
ChinaSSE 52983506221866.1863.264.460.943.52
UAEUAE 2341619468.8058.394.380.863.52
BrazilBOVESPA 1837122276966.5262.934.460.973.49
PortugalLISBON 1941278165.4663.784.230.753.48
South KoreaKOSDAQ 87286400430573.3367.274.370.913.46
ChinaSZSE 80615460342667.7362.754.491.043.45
NorwayOSE 90862438668.7261.864.461.043.42
IndonesiaIDX 1448105362172.7258.974.200.923.28
EgyptEGX 59444527374.9261.354.210.933.28
ArgentinaBUE 31120313165.2764.534.291.043.24
Greece ATHENS 24516710368.1661.684.761.533.23
USNASDAQ 1686011448715667.9562.474.020.933.10
TaiwanGTSM 43873209209773.1565.353.780.773.01
IndiaBSE 1636511809748772.1663.404.181.222.95
IndiaNSE 125689156585172.8563.904.021.092.93
IsraelTASE 115184954073.7663.603.500.732.77
SpainIBEX 84056336767.0265.193.640.882.76
The World 2121081453868866468.5660.973.500.922.57
South KoreaKRX 69534849313969.9764.523.440.962.48
AustraliaASX 32782191125466.8457.233.511.102.41
TaiwanTWSE 63274484283070.8763.113.000.632.38
SwedenSTOCKHOLM 27281797105965.8458.963.260.902.36
RussiaMICEX 102472944771.1961.323.150.822.33
ItalyBORSA 38412552151766.4459.442.990.712.28
QatarQE 1931228563.2169.672.960.712.25
MalaysiaBURSA 1881129570468.8554.363.210.992.22
CanadaTSX 65184363258266.9459.183.010.862.15
SingaporeSGX 95161932965.0953.153.030.892.13
UKLSE 64224267249266.5558.312.860.782.08
TurkeyBIST 32692313135370.7658.502.880.842.04
FrancePARIS 31432147126568.3158.922.670.701.97
Austria WIENERBORSE 25818710272.4854.552.580.681.90
JapanTOKYO 1775611866676266.8356.992.841.031.81
USNYSE 2062513588797365.8858.682.450.641.81
KuwaitKSE 124803664.5245.003.111.361.75
OmanMSM 1211691.6754.552.731.001.73
MexicoBMV 83857633568.7458.162.300.711.59
IndonesiaIDX 64473073.4463.831.720.171.55
BelgiumBRUSSELS 59438821365.3254.902.260.731.53
ChileBCS 72482966.6760.421.690.171.52
GermanyXETRA 51653382185465.4854.822.230.721.51
IsraelTASE 56382867.8673.681.680.181.50
UAEUAE 101744773.2763.511.690.201.49
DenmarkCOPENHAGEN 59538821465.2155.152.260.781.48
PeruBVL 74433058.1169.771.630.211.42
NetherlandsAMSTERDAM 101967337566.0555.721.990.611.38
RussiaMICEX 55271549.0955.561.850.481.37
PakistanKSE 60442873.3363.641.520.181.34
JordanASE 123864469.9251.162.381.061.33
Greece ATHENS 43342379.0767.651.560.241.32
MalaysiaBURSA 74442559.4656.821.320.141.18
Vietnam HOSE 70463065.7165.221.330.171.15
SwitzerlandSIX 1761113463764.4056.171.690.571.12
JapanFUKUOKA 219442.8644.441.780.671.11
BangladeshDSE 41322078.0562.501.280.221.06
ItalyBORSA 41322278.0568.751.280.251.03
FrancePARIS 41322278.0568.751.280.251.03
PortugalLISBON 52422880.7766.671.310.291.02
PhilippinesPSE 62453472.5875.561.160.131.02
GermanyXETRA 42332278.5766.671.240.241.00
NorwayOSE 98593560.2059.321.290.310.98
Hong KongHKEX 59412669.4963.411.200.220.98
Austria WIENERBORSE 41322178.0565.631.220.250.97
SpainIBEX 53392673.5866.671.210.260.95
FOREXFOREX 108744968.5266.
NetherlandsAMSTERDAM 43342279.0764.711.210.260.94
BelgiumBRUSSELS 43342279.0764.711.210.260.94
CanadaTSX 64453470.3175.561.070.130.93
ChinaSSE 54311457.4145.
DenmarkCOPENHAGEN 60392165.0053.851.130.230.90
SingaporeSGX 70372452.8664.861.140.240.89
JapanTOKYO 65422764.6264.291.170.330.83
Poland GPW 74473463.5172.341.090.260.83
AustraliaASX 69503272.4664.
IndiaNSE 81624176.5466.
SwitzerlandSIX 53432281.1351.161.050.330.72
ArgentinaBUE 85593969.4166.101.510.800.71
TurkeyBIST 67442765.6761.361.050.410.64
MexicoBMV 92734279.3557.531.030.400.63
USFOREX 76522868.4253.850.900.310.60
ThailandSET 79603675.9560.000.800.250.55
USPREFERRED 148994143663.2046.330.880.330.55
South KoreaKOSDAQ 45322071.1162.500.750.220.53
JapanNAGOYA 109613255.9652.461.510.980.52
SwedenSTOCKHOLM 69452865.2262.220.670.160.51
BrazilBOVESPA 78513265.3862.750.960.490.47
TaiwanGTSM 62492679.0353.060.710.270.45
UKLSE 73522371.2344.230.810.400.40
JapanSAPPORO 96166.6716.671.501.330.17
Patterns Total: How many of this particular pattern has been detected in this period
Confirmed Total: How many of the detected patterns were confirmed and converted into signals
Profitable Signals: The number of the confirmed patterns that have given profitable trades
Confirmation %: The percentage of the confirmed patterns with respect to the total occurrences of this pattern
Profitable Signal %: The percentage of the successful confirmed patterns with respect to the total confirmed patterns
Per Trade Profit %: Total Profits / Total Trades
Per Trade Loss %: Total Losses / Total Trades
Per Trade Net%: (Total Profits–Total Losses) / Total Number of Trades
Samples: Live sample ticker symbols from stock exchanges with links to stock pages of the related© family websites
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