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 1/1/2011
Stock Exchange
Per Trade
Total Net%(Descending)
USOTCBB 31521516068.2574.4211.311.579.74
USOTC PINK 33912411156371.1064.838.631.906.73
CanadaTSX-V 88863638371.6260.227.071.615.47
JapanSAPPORO 95255.5640.006.001.404.60
JapanSAPPORO 95255.5640.006.001.404.60
USWARRANTS 77463059.7465.224.931.113.83
NorwayOSE 79553531767.3059.254.871.153.71
Greece ATHENS 41628716068.9955.755.061.373.69
South KoreaKOSDAQ 74855432356572.5765.634.761.103.66
IsraelTASE 88963942671.8866.674.450.833.63
IndiaBSE 1433010404660072.6063.444.741.183.57
USAMEX 2165148294268.4563.564.461.013.46
IndiaNSE 103887504487672.2464.984.430.973.45
ArgentinaBUE 1801146963.3360.534.180.913.26
Hong KongHKEX 52933704220469.9659.524.231.063.17
BrazilBOVESPA 1589107672467.7267.293.730.673.06
PortugalLISBON 1531097271.2466.063.840.793.06
IndonesiaIDX 90162633569.4853.514.171.183.00
EgyptEGX 68248528271.1158.144.321.402.92
ChinaSZSE 73984995337767.5267.613.650.752.91
ChinaSSE 46203157212268.3367.223.600.712.89
TurkeyBIST 28201959115869.4759.113.730.862.87
TaiwanGTSM 41443007191772.5663.753.650.792.86
South KoreaKRX 60254249273670.5764.353.830.992.84
USNASDAQ 1553510494651567.5562.083.791.052.74
The World 1807441237777555568.4861.043.630.942.70
JordanASE 1701226971.7656.563.891.252.65
Austria WIENERBORSE 26617911667.2964.803.210.642.57
DenmarkCOPENHAGEN 48931318664.0159.423.440.912.54
BelgiumBRUSSELS 53036422268.6860.993.160.652.52
AustraliaASX 2569170096066.1756.473.641.132.52
UAEUAE 2451528962.0458.553.551.092.45
ItalyBORSA 32702221134767.9260.653.060.682.38
JapanFUKUOKA 158653.3375.003.381.002.38
JapanFUKUOKA 158653.3375.003.381.002.38
SpainIBEX 78354033468.9761.853.070.732.34
UKLSE 56873780225066.4759.523.140.802.33
TaiwanTWSE 60494316267471.3561.963.040.722.32
SwedenSTOCKHOLM 1537104460567.9257.953.351.092.26
CanadaTSX 59803997224166.8456.073.040.852.19
FrancePARIS 26581785110267.1661.742.900.782.12
SingaporeSGX 98862231062.9649.843.151.072.08
JapanTOKYO 1618810808601966.7755.693.171.112.07
JapanTOKYO 1618810808601966.7755.693.171.112.07
Saudi ArabiaTADAWUL 113776544067.2857.522.910.931.98
GermanyXETRA 39082683162468.6560.532.680.761.91
NetherlandsAMSTERDAM 82757033968.9259.472.550.681.87
MalaysiaBURSA 1657115262069.5253.822.811.031.78
MexicoBMV 54337521969.0658.402.470.691.78
USNYSE 2029113050756764.3157.982.380.701.67
SwitzerlandSIX 106472740868.3356.122.350.701.65
KuwaitKSE 149853657.0542.353.471.861.61
OmanMSM 41261463.4153.852.270.691.58
SwitzerlandVIRTX 2011388168.6658.701.790.621.17
QatarQE 1841105959.7853.641.750.770.98
JapanNAGOYA 91582663.7444.832.341.660.69
JapanNAGOYA 91582663.7444.832.341.660.69
USPREFERRED 116073235663.1048.630.970.330.64
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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