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 46813266214269.8165.548.861.847.01
CanadaCSE 1612775.0058.339.503.835.67
CanadaTSX-V 60242523970.6056.246.501.814.69
USWARRANTS 76493264.4765.315.080.614.47
ArgentinaBUE 26616010360.1564.385.301.034.27
BrazilBOVESPA 1837125983268.5466.084.800.843.96
USAMEX 2121147295069.4064.544.750.943.82
Hong KongHKEX 75905353323570.5360.434.911.143.77
Greece ATHENS 30220511967.8858.055.021.453.57
ChinaSSE 56273728240166.2564.404.410.943.47
IndonesiaIDX 125391052572.6357.694.390.953.44
PortugalLISBON 1931359469.9569.634.240.813.44
ChinaSZSE 87435764363365.9363.034.491.073.43
South KoreaKOSDAQ 88536470432073.1766.694.320.953.38
JapanFUKUOKA 148457.1450.003.880.633.25
Saudi ArabiaTADAWUL 1491102167668.4866.213.830.633.19
EgyptEGX 62546228273.9261.
IndiaBSE 1609211560731871.8463.304.311.233.08
OmanMSM 31251580.6560.003.920.923.00
IndiaNSE 123628929568472.2363.664.091.092.99
NorwayOSE 89562738470.0661.
IsraelTASE 106277249672.6964.253.700.732.97
USNASDAQ 1830912326770467.3262.503.900.962.94
TaiwanGTSM 50413642237972.2565.323.630.762.87
UAEUAE 31420611865.6157.283.711.022.69
SingaporeSGX 105069639166.2956.183.530.862.67
SpainIBEX 87059237068.0562.503.580.932.65
The World 2151951471259012668.3861.253.590.962.64
TurkeyBIST 32422287138470.5460.523.420.832.59
RussiaMICEX 102972144870.0762.143.320.812.51
South KoreaKRX 71745088331770.9265.193.551.042.51
ItalyBORSA 38742538153765.5160.563.070.692.37
TaiwanTWSE 71775066320370.5963.232.990.662.33
SwedenSTOCKHOLM 2323152288365.5258.023.180.932.25
MalaysiaBURSA 2000139376669.7054.953.271.022.25
JapanTOKYO 1815212371713368.1557.663.321.112.21
UKLSE 64864306253266.4858.722.940.772.17
AustraliaASX 31922112117366.1755.543.271.242.03
QatarQE 2421459159.9262.762.860.832.02
CanadaTSX 68474590263667.0457.432.910.921.99
FrancePARIS 31882121129166.5360.872.710.721.98
Austria WIENERBORSE 26518510969.8158.922.640.671.97
DenmarkCOPENHAGEN 63440923464.5157.212.730.841.88
USNYSE 2251314743867165.4958.812.410.661.75
GermanyXETRA 52303409195065.1857.202.360.711.64
NetherlandsAMSTERDAM 100564235963.8855.922.250.611.64
BelgiumBRUSSELS 58941123669.7857.422.340.721.63
MexicoBMV 75152531569.9160.002.230.701.54
KuwaitKSE 137843761.3144.052.851.331.51
JordanASE 1541115672.0850.452.761.371.39
SwitzerlandSIX 1749113364664.7857.021.870.601.27
USAMEX 66473171.2165.961.150.280.87
FOREXFOREX 84573967.8668.420.890.090.81
JapanNAGOYA 116733862.9352.052.181.380.79
USPREFERRED 1633101449862.0949.111.050.330.72
TurkeyBIST 48321966.6759.381.030.340.69
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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