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)
CanadaCSE 30221473.3363.6411.272.648.64
USOTCBB 39252064.1080.008.360.607.76
USWARRANTS 52322461.5475.007.970.477.50
USOTC PINK 38742726174870.3964.108.771.976.80
OmanMSM 21191190.4857.895.051.004.05
USAMEX 1724117975568.3964.044.970.944.03
CanadaTSX-V 56137920967.9154.865.991.994.00
PortugalLISBON 1651147669.0966.674.710.763.95
Hong KongHKEX 66674659280670.0060.124.911.123.79
BrazilBOVESPA 1558105767567.9763.744.720.953.77
ArgentinaBUE 24915910464.2665.004.761.013.76
Saudi ArabiaTADAWUL 138994062667.6766.604.350.673.68
Greece ATHENS 2211509267.8761.335.001.433.57
ChinaSZSE 74074997312767.4662.584.631.083.55
South KoreaKOSDAQ 78175707385773.2667.354.460.933.53
EgyptEGX 51938424173.9962.764.430.913.53
ChinaSSE 48113181199066.1262.564.460.993.47
IndonesiaIDX 120487751972.8459.184.230.893.34
UAEUAE 2261558868.5856.774.190.873.32
TaiwanGTSM 37442719180472.6266.354.000.763.24
NorwayOSE 78053933269.1061.604.261.043.21
USNASDAQ 1497010155638268.0262.674.040.913.13
IndiaNSE 109887985514772.6764.464.191.113.08
IndiaBSE 1432610319653172.0363.
SpainIBEX 73949733367.2567.003.810.902.91
IsraelTASE 96370745573.7364.083.600.752.86
The World 1877851283717874268.4061.303.590.942.65
South KoreaKRX 61594348285870.6065.733.590.982.61
TaiwanTWSE 55353912250670.6864.063.210.642.56
SwedenSTOCKHOLM 2289149488965.2759.503.330.892.44
ItalyBORSA 33452197132165.8060.023.150.712.44
MalaysiaBURSA 1616110260968.1955.263.360.972.39
QatarQE 1771127663.2867.863.130.782.35
AustraliaASX 29491959111766.4357.023.381.152.23
SingaporeSGX 84754829264.7053.283.160.932.23
UKLSE 55553686217466.3758.962.980.782.20
TurkeyBIST 28041979117370.5859.273.020.842.19
CanadaTSX 58353904230367.0158.903.010.872.14
FrancePARIS 27141827110567.3260.482.840.712.13
RussiaMICEX 92065038670.6559.383.060.952.12
Austria WIENERBORSE 2211599271.9557.862.710.622.09
JapanTOKYO 1570610509599766.9157.072.921.031.89
USNYSE 1856612179718165.6458.932.500.651.85
BelgiumBRUSSELS 51834519266.6055.652.400.721.68
KuwaitKSE 96612863.5445.902.951.311.64
GermanyXETRA 46062989166264.8955.602.370.751.62
NetherlandsAMSTERDAM 90359833166.2255.352.080.651.43
JordanASE 108763870.3750.002.410.991.42
DenmarkCOPENHAGEN 52934719365.6055.622.240.821.42
MexicoBMV 70649028869.4158.782.120.751.37
SwitzerlandSIX 1563100358364.1758.131.820.581.25
JapanFUKUOKA 198342.1137.501.750.631.13
FOREXFOREX 115815470.4366.671.050.170.88
USAMEX 70503071.4360.
USPREFERRED 139186841262.4047.471.030.340.69
Austria WIENERBORSE 52382473.0863.160.820.180.63
JapanNAGOYA 95562958.9551.791.480.910.57
TurkeyBIST 70472667.1455.321.000.470.53
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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