BEARISH DARK CLOUD COVER
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.
BEARISH DARK CLOUD COVER
Definition
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
Country
Stock Exchange
Website
Patterns
Total
Confirmed
Total
Profitable
Signals
Confirmation
%
Profitable
Signal%
Per Trade
Samples
Profit%
Loss%
Total Net%(Descending)
USOTCBB 1681239073.2173.1710.332.078.26
USOTC PINK 38922731175670.4864.028.711.856.86
CanadaTSX-V 68549229771.8260.377.221.685.54
USWARRANTS 66453268.1871.115.220.824.40
USAMEX 2117148097169.9165.614.811.003.80
Greece ATHENS 36925413968.8354.725.131.453.68
Hong KongHKEX 67064706283070.1860.144.771.143.63
PortugalLISBON 1731228570.5269.674.480.863.62
South KoreaKOSDAQ 80265895393473.4566.734.581.013.58
ArgentinaBUE 2191367862.1057.354.571.033.54
IndonesiaIDX 105574742970.8157.434.521.003.52
BrazilBOVESPA 1686115978768.7467.904.130.653.47
ChinaSSE 52463448222465.7364.504.240.903.34
IndiaBSE 1548011238718872.5963.974.451.213.24
ChinaSZSE 78215181331966.2464.064.261.023.24
IndiaNSE 115158396543672.9164.754.251.013.23
EgyptEGX 63044225570.1657.694.531.373.16
JapanFUKUOKA 1610762.5070.003.900.803.10
TaiwanGTSM 44793300215073.6865.153.790.763.02
Saudi ArabiaTADAWUL 123785754969.2864.063.700.673.02
RussiaMICEX 88363640072.0362.893.850.833.02
IsraelTASE 104977148573.5062.913.690.842.85
UAEUAE 27918411465.9561.963.640.842.80
Austria WIENERBORSE 26217911568.3264.253.400.632.77
SingaporeSGX 102065535664.2254.353.650.892.76
NorwayOSE 76553331169.6758.353.991.302.69
The World 1994001370718395368.7561.243.570.932.64
USNASDAQ 1751812029749668.7262.273.631.002.63
OmanMSM 45322071.1162.503.440.882.56
TaiwanTWSE 63784639296272.7363.853.130.642.49
South KoreaKRX 65434659300271.2164.433.591.102.48
SpainIBEX 82855634667.1562.233.310.932.39
TurkeyBIST 31962243130070.1857.963.250.872.38
AustraliaASX 27851830103565.7156.563.441.102.34
CanadaTSX 62784233247267.4758.363.120.832.29
UKLSE 60323973237065.8759.652.980.742.24
MalaysiaBURSA 1806125169969.2755.883.221.052.16
SwedenSTOCKHOLM 1810120870066.7457.953.110.952.16
JapanTOKYO 1877112516707166.6856.503.171.102.07
ItalyBORSA 34492285135666.2559.342.670.701.97
BelgiumBRUSSELS 54636421566.6759.072.560.651.91
JordanASE 1681156068.4552.173.181.281.90
MexicoBMV 67747228569.7260.382.490.631.87
DenmarkCOPENHAGEN 54734720363.4458.502.780.931.85
FrancePARIS 28511891111566.3358.962.540.731.81
USNYSE 2200914766873467.0959.152.260.621.64
KuwaitKSE 1841135061.4144.253.201.621.58
GermanyXETRA 46163046176965.9958.082.260.691.57
NetherlandsAMSTERDAM 93059132963.5555.672.240.681.56
QatarQE 2161277558.8059.062.170.761.40
SwitzerlandSIX 126982545865.0155.521.860.621.25
SwitzerlandVIRTX 2261397361.5052.521.760.591.17
JapanSAPPORO 64166.6725.002.251.500.75
USPREFERRED 143191444763.8748.911.000.300.71
JapanNAGOYA 114713262.2845.072.071.450.62
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 bulls.com© family websites
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Disclaimers:

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 Americanbulls.com LLC, nor Candlesticker.com makes any claims whatsoever regarding past or future performance. All examples, charts, histories, tables, commentaries, or recommendations are for educational or informational purposes only.

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