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 1/1/2014
Stock Exchange
Per Trade
Total Net%(Descending)
USOTCBB 42292369.0579.3112.451.8310.62
CanadaCSE 36251469.4456.0010.162.927.24
USOTC PINK 42262959189170.1163.828.711.936.79
USWARRANTS 51312360.7874.194.940.484.45
CanadaTSX-V 59040222468.3155.586.052.063.99
USAMEX 1838126580668.8263.724.960.983.98
OmanMSM 24211287.5057.144.760.953.81
Saudi ArabiaTADAWUL 1492101469167.9668.154.290.643.66
Hong KongHKEX 71505018298870.1859.554.741.133.62
South KoreaKOSDAQ 83266110413273.3867.634.500.913.59
PortugalLISBON 1801227867.7863.934.300.773.52
BrazilBOVESPA 1730117373967.9262.894.490.983.51
EgyptEGX 55441426274.7363.294.400.903.50
UAEUAE 2361639469.0757.674.310.843.47
ArgentinaBUE 28018111764.6464.644.461.003.46
Greece ATHENS 2291599969.4362.264.901.473.43
NorwayOSE 85158636669.3362.034.471.053.42
ChinaSZSE 77805235325967.2962.254.471.073.40
ChinaSSE 49863297205466.1362.304.310.963.35
IndonesiaIDX 133096757472.7159.364.170.913.27
USNASDAQ 1605010896684367.9962.714.010.913.11
TaiwanGTSM 40702974194073.0765.233.820.773.05
IndiaBSE 1534511082702172.2263.354.221.232.99
IndiaNSE 117778590550172.9464.
IsraelTASE 104977449773.7864.213.520.742.77
SpainIBEX 79353034666.8365.283.590.902.69
South KoreaKRX 65834644303070.5565.253.560.962.60
The World 2003831373458391568.5661.083.530.932.60
SwedenSTOCKHOLM 2510165398365.8659.473.310.902.41
TaiwanTWSE 59834240268570.8763.333.040.642.41
ItalyBORSA 36042369141765.8759.693.040.712.34
AustraliaASX 31362085118766.4956.933.441.122.33
RussiaMICEX 96968641970.7961.083.170.902.28
QatarQE 1881208363.8369.172.980.732.25
MalaysiaBURSA 1720117363268.2053.883.231.002.23
UKLSE 60194019236166.7758.752.930.772.15
CanadaTSX 62254168245566.9958.873.020.872.14
SingaporeSGX 90158330764.7152.663.060.932.13
TurkeyBIST 30692176127570.9058.592.930.842.09
Austria WIENERBORSE 2431759972.0256.572.700.622.08
FrancePARIS 29091982117468.1759.202.710.712.00
USNYSE 1945612818756265.8859.002.490.651.84
KuwaitKSE 115723362.6145.833.221.391.83
JapanTOKYO 1677211216636066.8756.702.841.031.81
GermanyXETRA 48883195175665.3454.982.290.721.57
BelgiumBRUSSELS 57037620565.9654.522.290.741.54
MexicoBMV 77153231169.0058.462.230.731.50
DenmarkCOPENHAGEN 56737020565.2655.412.260.791.48
NetherlandsAMSTERDAM 96363835866.2556.112.010.621.39
JordanASE 117834270.9450.602.361.001.36
JapanFUKUOKA 197336.8442.862.000.711.29
SwitzerlandSIX 1669108161464.7756.801.730.571.17
FOREXFOREX 128886068.7568.
Austria WIENERBORSE 55402672.7365.000.980.180.80
USAMEX 75523169.3359.621.040.250.79
USPREFERRED 143189642962.6147.880.910.330.59
TurkeyBIST 74502867.5756.000.980.440.54
JapanNAGOYA 101592958.4249.151.411.020.39
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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