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 47332670.2178.7912.641.0311.61
CanadaCSE 26201376.9265.0012.652.1010.55
USOTC PINK 49103467226570.6165.338.751.916.84
USWARRANTS 80513463.7566.675.920.595.33
CanadaTSX-V 66946426169.3656.256.591.834.75
BrazilBOVESPA 1964134889068.7965.884.740.833.92
USAMEX 2184151498269.3264.864.750.933.81
ArgentinaBUE 30519012162.3063.684.941.143.80
Hong KongHKEX 81375729344870.4460.154.741.143.60
South KoreaKOSDAQ 95146988471873.6067.384.470.923.55
Greece ATHENS 32021212366.5657.754.861.423.44
IndonesiaIDX 1393102760473.7358.814.410.983.43
ChinaSSE 60894038258766.3264.074.250.933.32
Saudi ArabiaTADAWUL 1619109571067.6364.843.910.663.25
ChinaSZSE 96026425406666.9163.
PortugalLISBON 2031449770.9467.364.020.823.20
EgyptEGX 68349830572.9161.
IndiaBSE 1741712539796671.9963.534.331.223.11
OmanMSM 33271781.8262.963.930.853.07
IndiaNSE 134129714620872.4363.914.121.083.03
NorwayOSE 98768541569.4060.584.061.092.97
USNASDAQ 1935013039812967.3962.343.910.962.95
IsraelTASE 115984153572.5663.613.670.742.93
TaiwanGTSM 53543868252172.2565.183.610.762.85
SingaporeSGX 112174241266.1955.533.530.902.63
UAEUAE 33222012466.2756.363.671.052.62
JapanFUKUOKA 1810555.5650.003.200.602.60
The World 2348561606739847068.4261.283.540.942.60
SpainIBEX 93463339967.7763.033.520.942.58
South KoreaKRX 76745438357170.9065.633.571.012.56
RussiaMICEX 113979649369.8961.933.370.862.51
TurkeyBIST 34592463147571.2159.893.320.842.48
TaiwanTWSE 76525398341670.5463.282.970.662.31
ItalyBORSA 42422786167765.6860.193.010.712.29
MalaysiaBURSA 2099147081570.0355.443.301.012.28
SwedenSTOCKHOLM 25911702100365.6958.933.190.912.28
AustraliaASX 35182345131966.6656.253.381.212.18
UKLSE 70084680275066.7858.762.890.772.11
JapanTOKYO 1945713147750567.5757.
CanadaTSX 73484936283367.1757.392.930.912.03
FrancePARIS 34662311140466.6860.752.690.711.98
Austria WIENERBORSE 28519811769.4759.092.630.671.96
QatarQE 2481499360.0862.422.810.861.95
KuwaitKSE 157964361.1544.793.031.231.80
USNYSE 2388015674921965.6358.822.410.661.75
DenmarkCOPENHAGEN 66643124564.7156.842.570.821.75
BelgiumBRUSSELS 62343024469.0256.742.350.701.64
GermanyXETRA 57063741214165.5657.232.330.721.62
JordanASE 1661166069.8851.722.941.341.60
NetherlandsAMSTERDAM 108669639564.0956.752.180.601.58
MexicoBMV 83457634469.0659.722.240.721.52
SwitzerlandSIX 1907124170765.0856.971.830.591.24
JapanNAGOYA 118733961.8653.422.231.300.93
USAMEX 69483269.5766.671.130.270.85
USPREFERRED 1704107354562.9750.791.100.310.79
FOREXFOREX 96634365.6368.250.810.110.70
TurkeyBIST 52332063.4660.611.000.330.67
Austria WIENERBORSE 41311875.6158.060.680.230.45
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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