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 20714510670.0573.1010.911.619.30
USOTC PINK 32872298145670.3163.008.821.966.87
CanadaTSX-V 62345027272.2360.447.321.675.64
USWARRANTS 66453268.1871.115.931.004.93
USAMEX 1941134587869.2965.284.681.023.65
PortugalLISBON 1461006968.4969.004.380.813.57
South KoreaKOSDAQ 66394842320073.1065.944.470.993.48
Greece ATHENS 35024513570.0055.104.861.383.48
BrazilBOVESPA 143197765768.2767.254.020.643.38
ArgentinaBUE 1901146560.0057.024.391.013.38
IndiaBSE 131109632605573.4762.864.321.233.09
IndiaNSE 97497128455273.1263.864.001.032.97
IndonesiaIDX 92564535469.7354.884.041.102.93
RUSSIAMICEX 75254133471.9461.743.770.862.91
EgyptEGX 57540322570.0955.834.371.472.90
IsraelTASE 88464141172.5164.123.660.772.89
Hong KongHKEX 51083566209869.8158.833.801.002.79
UAEUAE 2331499263.9561.743.600.862.74
Saudi ArabiaTADAWUL 103570642568.2160.203.400.742.66
OmanMSM 39281871.7964.293.430.862.57
NorwayOSE 67546625969.0455.583.731.192.54
Austria WIENERBORSE 2171438965.9062.243.140.672.47
ChinaSZSE 67914470287665.8264.343.280.862.42
TaiwanGTSM 38572810176872.8562.923.210.792.42
The World 1716381169657046668.1760.223.340.932.42
JapanFUKUOKA 158653.3375.003.381.002.38
JordanASE 1611136070.1953.103.601.272.34
South KoreaKRX 53463757239970.3763.773.391.072.33
SingaporeSGX 92860231364.8751.993.270.962.31
ChinaSSE 43402859184865.8864.643.080.782.30
TurkeyBIST 27971964112270.2257.133.130.852.29
AustraliaASX 2417158286665.4554.743.431.162.27
UKLSE 52153370198764.6258.962.890.722.17
CanadaTSX 55863711207966.4356.023.010.852.16
BelgiumBRUSSELS 45329918566.0061.872.740.612.12
USNASDAQ 1946413107782367.3859.653.040.932.11
DenmarkCOPENHAGEN 46728516561.0357.892.950.852.11
MalaysiaBURSA 1574108260568.7455.913.111.062.06
JapanTOKYO 1624410591589265.2255.613.161.132.02
JapanSAPPORO 43175.0033.333.001.002.00
TaiwanTWSE 54823988250272.7562.742.620.651.96
SwedenSTOCKHOLM 146395854065.4856.373.041.101.94
MexicoBMV 53837122168.9659.572.560.641.93
SpainIBEX 69946727766.8159.312.881.021.86
ItalyBORSA 28991894109565.3357.812.530.701.83
FrancePARIS 2398156690765.3057.922.500.711.78
USNYSE 1558510423617866.9059.262.360.641.72
KuwaitKSE 166964457.8345.833.191.601.58
GermanyXETRA 39102521145564.4857.722.190.691.51
NetherlandsAMSTERDAM 78048226661.7955.192.020.731.29
SwitzerlandSIX 106068436764.5353.651.820.631.19
QatarQE 1981146557.5857.021.900.791.11
SwitzerlandVIRTX 2041337165.2053.381.680.571.11
USPREFERRED 125178937263.0747.150.910.310.61
JapanNAGOYA 96602662.5043.332.151.620.53
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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