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 1/1/2012
Stock Exchange
Per Trade
Total Net%(Descending)
USOTCBB 1771279771.7576.3811.581.699.89
USOTC PINK 37492652168170.7463.398.621.926.69
CanadaTSX-V 68548729171.0959.757.001.735.27
USWARRANTS 65453269.2371.115.220.824.40
ArgentinaBUE 2151287759.5360.164.771.013.76
Greece ATHENS 37125914369.8155.215.111.403.71
USAMEX 2124148396769.8265.214.700.993.71
PortugalLISBON 1651177970.9167.524.260.823.44
South KoreaKOSDAQ 76075581368273.3765.974.401.033.37
BrazilBOVESPA 1604110073868.6467.034.040.683.35
IndiaBSE 1455710580676172.6863.904.411.213.20
IndonesiaIDX 102972841370.7556.734.231.043.20
IndiaNSE 107907879508173.0264.494.151.043.11
RussiaMICEX 84561238372.4362.583.830.852.98
EgyptEGX 61242824169.9356.314.321.482.84
Hong KongHKEX 62774362255569.4958.573.951.182.77
IsraelTASE 100172945672.8362.553.560.842.72
ChinaSZSE 79275188329465.4563.493.741.022.71
ChinaSSE 51083314209764.8863.283.640.932.71
Saudi ArabiaTADAWUL 119282151768.8862.973.320.702.62
UAEUAE 26317510766.5461.143.450.862.59
OmanMSM 45322071.1162.503.440.882.56
TaiwanGTSM 42893132200373.0263.953.330.802.53
USNASDAQ 1690311522712568.2261.783.500.992.52
NorwayOSE 74251829669.8157.143.861.402.46
The World 1916361310547944568.4060.613.390.942.45
JapanFUKUOKA 148657.1475.003.381.002.38
SingaporeSGX 97962732764.0452.153.310.942.36
Austria WIENERBORSE 25117110768.1362.573.000.652.35
TurkeyBIST 30582130122569.6557.513.210.872.34
South KoreaKRX 61664354277070.6163.623.381.082.29
AustraliaASX 2670176298865.9956.073.321.112.21
UKLSE 57943797224965.5959.182.920.732.19
CanadaTSX 60824070233966.9257.472.990.852.14
SwedenSTOCKHOLM 1705112464965.9257.743.100.982.12
TaiwanTWSE 61054414278572.3063.092.760.652.11
SpainIBEX 78652832167.1860.803.060.982.08
JordanASE 1611115968.9453.153.311.252.05
MalaysiaBURSA 1747120466768.9255.403.091.072.02
JapanTOKYO 1797911900663466.2155.733.031.121.91
BelgiumBRUSSELS 51934920567.2458.742.500.651.85
ItalyBORSA 32982179127866.0758.652.530.701.83
MexicoBMV 63844326369.4459.372.470.641.83
DenmarkCOPENHAGEN 52332418462.7256.102.690.961.73
FrancePARIS 27201795103965.9957.882.430.741.69
USNYSE 2147914365843966.9258.712.190.631.56
GermanyXETRA 44422899166965.2657.572.180.691.49
NetherlandsAMSTERDAM 88355631062.9755.762.090.691.39
QatarQE 2151267558.6059.522.100.711.39
KuwaitKSE 1851124960.5443.753.001.641.36
SwitzerlandSIX 120679343465.7554.731.820.641.18
SwitzerlandVIRTX 2171357262.2153.331.710.581.13
JapanSAPPORO 54180.0025.002.251.500.75
USPREFERRED 139088843463.8848.870.920.290.63
JapanNAGOYA 109683062.3944.121.961.490.47
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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