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 1/1/2013
Stock Exchange
Per Trade
Total Net%(Descending)
USOTCBB 54392972.2274.3611.261.629.64
USOTC PINK 47733365221070.5065.688.691.876.82
USWARRANTS 79513464.5666.675.370.594.78
CanadaTSX-V 62043724370.4855.616.421.824.60
BrazilBOVESPA 1905130185568.2965.724.720.853.88
USAMEX 2142149296769.6564.814.790.933.86
Hong KongHKEX 79405596337670.4860.334.791.143.65
ArgentinaBUE 28717611061.3262.504.771.153.63
IndonesiaIDX 134298558173.4058.984.440.943.50
Greece ATHENS 30920811967.3157.214.951.463.49
ChinaSSE 59043912251566.2664.294.360.933.43
Saudi ArabiaTADAWUL 1532105369968.7366.384.040.623.42
South KoreaKOSDAQ 92376765454073.3866.984.350.933.42
ChinaSZSE 92406122385466.2662.954.361.053.31
PortugalLISBON 1991419670.8568.094.100.823.28
EgyptEGX 64548029574.4261.464.361.133.23
JapanFUKUOKA 169556.2555.563.670.563.11
IndiaBSE 1686612122766271.8763.
IsraelTASE 110980752172.7764.563.700.722.98
NorwayOSE 93465039869.5961.
USNASDAQ 1876212659792267.4762.583.910.942.97
IndiaNSE 130009389596372.2263.513.991.092.90
OmanMSM 32261581.2557.693.770.882.88
TaiwanGTSM 52193765245972.1465.313.620.762.86
UAEUAE 32021212266.2557.553.781.012.77
SingaporeSGX 108671940166.2155.773.500.872.63
The World 2273621553919512968.3661.213.530.952.58
SpainIBEX 90261238367.8562.583.530.962.57
RussiaMICEX 108676047469.9862.373.350.842.50
South KoreaKRX 74595280345270.8965.283.511.022.49
TurkeyBIST 33662384142370.8359.693.320.842.48
ItalyBORSA 40562659160565.5860.343.020.702.32
TaiwanTWSE 74115231331270.5863.312.980.662.32
SwedenSTOCKHOLM 2463162094465.7758.273.180.922.26
MalaysiaBURSA 2059143879069.8954.903.221.022.21
JapanTOKYO 1882412740730967.6857.373.261.112.15
UKLSE 67654516264266.7658.502.900.782.12
AustraliaASX 33672227124366.1455.813.291.222.07
Austria WIENERBORSE 27519011269.0958.952.690.672.02
CanadaTSX 71184769273767.0057.392.930.912.02
QatarQE 2451479260.0062.592.830.861.97
FrancePARIS 33132208134266.6560.782.670.721.96
KuwaitKSE 150934362.0046.
USNYSE 2317615212894765.6458.822.400.651.74
DenmarkCOPENHAGEN 65542123864.2756.532.520.841.67
BelgiumBRUSSELS 60541823769.0956.702.330.711.62
NetherlandsAMSTERDAM 104466937664.0856.202.230.611.62
GermanyXETRA 54373549201665.2756.802.320.731.58
MexicoBMV 80055432969.2559.392.230.711.52
JordanASE 1581145872.1550.882.801.341.46
SwitzerlandSIX 1844119267764.6456.801.820.591.23
CanadaCSE 2214763.6450.007.506.361.14
JapanNAGOYA 116733962.9353.422.231.300.93
USAMEX 68483270.5966.671.130.270.85
FOREXFOREX 91614267.0368.850.850.100.75
USPREFERRED 1660103851662.5349.711.050.320.74
TurkeyBIST 49332067.3560.611.030.330.70
Austria WIENERBORSE 40301875.0060.000.700.200.50
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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Government regulations require disclosure of the fact that while these methods may have worked in the past, past results are not necessarily indicative of future results. While there is a potential for profits there is also a risk of loss. There is substantial risk in security trading. Losses incurred in connection with trading stocks or futures contracts can be significant. You should therefore carefully consider whether such trading is suitable for you in the light of your financial condition since all speculative trading is inherently risky and should only be undertaken by individuals with adequate risk capital. Neither LLC, nor makes any claims whatsoever regarding past or future performance. All examples, charts, histories, tables, commentaries, or recommendations are for educational or informational purposes only. is an independent and free website and all the Services provided by LLC at are completely free of charge. LLC does not receive compensation by any direct or indirect means from the visitors and users of this website (or of any other© family websites), and from the stocks, securities and other institutions or any underwriters or dealers associated with the broader national or international forex, commodity and stock markets.

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