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.
Title
Pattern Performance in Stock Exchanges since 1/1/2014
Country
Stock Exchange
Website
Patterns
Total
Confirmed
Total
Profitable
Signals
Confirmation
%
Profitable
Signal%
Per Trade
Samples
Profit%
Loss%
Total Net%(Descending)
USOTCBB 42292469.0582.7611.931.7210.21
CanadaCSE 30221373.3359.0911.233.058.18
USOTC PINK 40242826180370.3363.718.701.906.80
USWARRANTS 50302260.0073.334.870.504.37
USAMEX 1777122077868.6663.774.930.983.94
CanadaTSX-V 57038821568.0755.415.912.063.86
OmanMSM 22201190.9155.004.800.953.85
Hong KongHKEX 69024829289169.9759.874.831.133.70
PortugalLISBON 1711167667.8465.524.460.783.68
Saudi ArabiaTADAWUL 145598866467.9067.214.230.653.58
South KoreaKOSDAQ 80655920400073.4067.574.500.933.57
ArgentinaBUE 26116910864.7563.914.571.023.56
Greece ATHENS 2211529468.7861.845.031.493.54
EgyptEGX 53639925274.4463.164.430.903.53
BrazilBOVESPA 1667112570067.4962.224.511.013.51
ChinaSZSE 75545060314666.9862.174.551.093.46
ChinaSSE 48463179198365.6062.384.400.973.43
IndonesiaIDX 125591754573.0759.434.300.923.37
UAEUAE 2311609369.2658.134.160.853.31
NorwayOSE 81156134569.1761.504.251.103.15
TaiwanGTSM 38932823183972.5165.143.870.773.10
USNASDAQ 1559810570661267.8162.514.010.923.09
IndiaNSE 114348299533472.5864.274.141.103.03
IndiaBSE 1489610713677771.9263.264.251.243.01
SpainIBEX 77051733867.1465.383.680.902.78
IsraelTASE 101374347073.3563.263.490.772.73
South KoreaKRX 63614476293270.3765.503.590.982.61
The World 1941221326998100368.3761.043.550.932.61
TaiwanTWSE 57684067256870.5163.143.100.642.46
ItalyBORSA 34782299138866.2460.243.120.702.43
SwedenSTOCKHOLM 2416158293165.4858.853.250.912.34
MalaysiaBURSA 1650112461268.1254.453.290.992.30
QatarQE 1811157863.5467.833.040.762.29
AustraliaASX 30372019114466.4856.663.421.132.29
SingaporeSGX 88057129864.8952.193.150.932.22
RussiaMICEX 93865939870.2660.393.130.922.21
UKLSE 57913853226666.5358.812.940.782.16
TurkeyBIST 29462073121670.3758.662.960.832.13
CanadaTSX 60214033236466.9858.622.980.892.10
FrancePARIS 27941894113067.7959.662.800.712.09
Austria WIENERBORSE 2371699571.3156.212.690.642.05
KuwaitKSE 111693362.1647.833.351.381.97
JapanTOKYO 1631410907619866.8656.832.861.031.83
USNYSE 1891212435731165.7558.792.480.651.83
BelgiumBRUSSELS 54436020066.1855.562.340.711.63
GermanyXETRA 47293071168964.9455.002.310.731.58
JordanASE 112804171.4351.252.450.941.51
MexicoBMV 73051130370.0059.302.220.741.48
DenmarkCOPENHAGEN 54736020065.8155.562.260.801.46
NetherlandsAMSTERDAM 93161634466.1755.842.050.621.43
SwitzerlandSIX 1622104759664.5556.921.770.571.19
JapanFUKUOKA 208340.0037.501.750.631.13
FOREXFOREX 122825567.2167.071.020.170.85
USAMEX 74513068.9258.821.060.250.80
USPREFERRED 140989042663.1747.871.020.340.68
Austria WIENERBORSE 52382473.0863.160.820.180.63
TurkeyBIST 72482766.6756.251.000.460.54
JapanNAGOYA 99582958.5950.001.431.020.41
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 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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