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 53392973.5874.3611.261.629.64
USOTC PINK 47053310216770.3965.438.641.866.78
USWARRANTS 77493263.6465.315.080.614.47
CanadaTSX-V 61543323770.4154.736.291.854.45
ArgentinaBUE 27616910961.2364.505.071.083.98
BrazilBOVESPA 1865127884268.5365.884.780.833.95
USAMEX 2128147495169.2764.524.730.923.81
Hong KongHKEX 77475449327070.4059.964.821.153.68
Greece ATHENS 30320611967.9957.775.001.453.55
IndonesiaIDX 128793655272.7358.974.480.943.54
ChinaSSE 57473814245966.3764.474.400.933.47
ChinaSZSE 90205967375666.1562.954.441.053.39
South KoreaKOSDAQ 90516597440873.1466.594.330.943.38
PortugalLISBON 1971389570.0568.844.160.803.36
JapanFUKUOKA 158453.3350.003.880.633.25
Saudi ArabiaTADAWUL 1527105470369.0266.703.850.623.23
EgyptEGX 63147029074.4861.704.301.143.15
IndiaBSE 1645511812748371.8363.314.271.233.04
OmanMSM 31251580.6560.003.920.923.00
IndiaNSE 126639160582772.3463.614.031.092.94
IsraelTASE 109279951573.1764.463.660.732.93
NorwayOSE 91764339270.1260.964.001.082.92
USNASDAQ 1857712489779267.3562.283.860.962.90
TaiwanGTSM 51423705241372.0565.133.600.762.84
UAEUAE 31820912065.7257.423.691.022.67
SpainIBEX 88660237867.9562.793.570.932.64
SingaporeSGX 106069739165.7556.103.510.872.64
The World 2231661523269324568.2961.193.530.952.59
TurkeyBIST 32952318139470.3560.143.380.842.54
RussiaMICEX 105674146370.1762.483.320.802.52
South KoreaKRX 73055166336770.7265.183.531.032.49
ItalyBORSA 39842609159265.5161.003.070.692.38
TaiwanTWSE 73275161325470.4463.052.970.662.31
SwedenSTOCKHOLM 2388157191665.7958.313.180.912.27
MalaysiaBURSA 2028141277869.6755.
JapanTOKYO 1840412538721468.1357.543.291.112.18
UKLSE 66334408258666.5558.592.920.782.14
AustraliaASX 32652161120366.2255.643.311.242.06
Austria WIENERBORSE 26818811170.1559.042.700.682.02
QatarQE 2421459159.9262.762.860.832.02
FrancePARIS 32452156131666.4461.042.690.721.98
CanadaTSX 69994687268066.9757.182.880.911.97
CanadaCSE 1913768.4253.858.776.851.92
DenmarkCOPENHAGEN 64841723464.3556.122.660.851.82
USNYSE 2291114972879765.3658.752.400.651.75
NetherlandsAMSTERDAM 102665536963.8456.342.270.611.65
BelgiumBRUSSELS 58940723169.1056.762.350.721.64
GermanyXETRA 53453475198965.0157.242.350.731.62
KuwaitKSE 146914162.3345.052.891.271.62
MexicoBMV 78554232569.0459.962.240.711.53
JordanASE 1561125671.7950.002.781.371.41
SwitzerlandSIX 1804116266164.4156.881.830.601.23
USAMEX 67473170.1565.961.150.280.87
FOREXFOREX 85584068.2468.970.880.090.79
JapanNAGOYA 115723762.6151.392.181.400.78
USPREFERRED 1644102650662.4149.321.050.330.72
TurkeyBIST 48321966.6759.381.030.340.69
Austria WIENERBORSE 40291872.5062.070.720.210.52
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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