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 10108100.0080.0016.104.4011.70
CanadaCSE 47332070.2160.6112.062.369.70
USOTC PINK 42212960190170.1564.208.691.956.74
CanadaTSX-V 58940422768.5956.196.261.974.30
Saudi ArabiaTADAWUL 133292865569.6770.584.560.593.97
USAMEX 1842126679468.7362.724.801.033.77
Hong KongHKEX 70594956297670.1960.064.781.123.66
ChinaSZSE 75545142328168.0763.814.671.023.65
ChinaSSE 48233222205766.8063.844.540.933.61
EgyptEGX 55641025873.7462.934.450.923.53
South KoreaKOSDAQ 79515844394273.5467.424.410.943.47
IndonesiaIDX 1382100461172.6560.864.310.943.38
BrazilBOVESPA 1713112469365.6261.654.431.073.35
NorwayOSE 86958735767.5560.824.351.103.25
ArgentinaBUE 28719112666.5565.974.261.033.24
PortugalLISBON 1751167866.2967.243.910.723.18
Poland GPW 138694561768.1865.293.890.733.16
USWARRANTS 46302065.2266.673.630.503.13
IndiaNSE 114818477551373.8565.
USNASDAQ 1608310868678867.5762.464.030.953.09
PhilippinesPSE 78152432767.3562.173.880.803.08
IndiaBSE 1488510851697472.9064.
OmanMSM 26221384.6259.093.951.002.95
TaiwanGTSM 40192951189373.4364.153.620.782.84
PakistanKSE 1726126183273.0665.983.781.022.76
UAEUAE 1851326971.3552.273.701.052.66
Greece ATHENS 2221458365.3257.244.371.722.65
IsraelTASE 111781751773.1463.283.390.742.65
ChileBCS 55372567.2767.573.080.462.62
South KoreaKRX 63254490295970.9965.903.570.972.60
QatarQE 1571047366.2470.193.000.422.58
The World 2104091445278824668.7061.053.490.922.57
RussiaMICEX 99368442268.8861.703.380.822.56
SpainIBEX 80554435367.5864.893.380.852.54
TaiwanTWSE 56763996252870.4063.263.060.612.44
SwedenSTOCKHOLM 26881779104366.1858.633.270.892.38
ThailandSET 33682334127269.3054.503.280.952.32
CanadaTSX 60564085242267.4559.293.130.862.27
Vietnam HNX 36924113065.3153.943.451.222.24
AustraliaASX 31352076119166.2257.373.351.122.23
ItalyBORSA 36242391141165.9859.012.930.742.19
BangladeshDSE 1891140284174.1459.993.211.022.19
MalaysiaBURSA 1694117162069.1352.953.231.052.18
TurkeyBIST 31612219128570.2057.912.890.832.06
UKLSE 61584105238066.6657.982.760.781.98
FrancePARIS 30042049122068.2159.542.640.711.93
Vietnam HOSE 84354530864.6556.512.991.081.91
Austria WIENERBORSE 2481769570.9753.982.550.701.85
SingaporeSGX 87257029765.3752.112.770.921.85
USNYSE 1958312885754065.8358.492.490.651.85
JapanTOKYO 1727511530657066.7456.982.791.001.79
MexicoBMV 82356433768.5359.752.310.661.65
KuwaitKSE 112722964.2940.282.961.381.58
DenmarkCOPENHAGEN 56036420165.0055.222.300.781.52
IndonesiaIDX 67483071.6462.501.690.191.50
ChileBCS 75492965.3359.181.650.161.49
UAEUAE 103744771.8463.511.690.201.49
IsraelTASE 61402965.5772.501.600.181.43
PeruBVL 75433057.3369.771.630.211.42
GermanyXETRA 46693030167564.9855.212.130.711.41
BelgiumBRUSSELS 55936219564.7653.872.130.721.41
NetherlandsAMSTERDAM 94963135466.4956.102.000.611.39
PakistanKSE 63452971.4364.441.510.181.33
Greece ATHENS 44352379.5565.711.510.261.26
MalaysiaBURSA 75442558.6756.821.320.141.18
RussiaMICEX 60311951.6761.291.680.521.16
Vietnam HOSE 71463064.7965.221.330.171.15
SwitzerlandSIX 1682109360164.9854.991.660.591.07
PhilippinesPSE 64453470.3175.561.160.131.02
PortugalLISBON 53432881.1365.121.280.300.98
Hong KongHKEX 60412668.3363.411.200.220.98
ItalyBORSA 42332278.5766.671.240.270.97
FrancePARIS 42332278.5766.671.240.270.97
NorwayOSE 100613661.0059.021.260.300.97
BangladeshDSE 46352176.0960.
GermanyXETRA 43342279.0764.711.210.260.94
JordanASE 106733768.8750.681.951.030.92
CanadaTSX 67463568.6676.
Austria WIENERBORSE 42332178.5763.641.180.270.91
FOREXFOREX 113774968.1463.641.130.220.91
NetherlandsAMSTERDAM 44352279.5562.861.170.290.89
BelgiumBRUSSELS 44352279.5562.861.170.290.89
DenmarkCOPENHAGEN 65402261.5455.
SpainIBEX 56432776.7962.791.140.280.86
ChinaSSE 59321454.2443.750.970.130.84
SingaporeSGX 72382452.7863.
Poland GPW 76503765.7974.
AustraliaASX 72533573.6166.
JapanTOKYO 65422564.6259.521.170.360.81
IndiaNSE 85644175.2964.060.970.230.73
ArgentinaBUE 87614170.1167.211.480.770.70
SwitzerlandSIX 54442181.4847.731.020.340.68
MexicoBMV 95744477.8959.461.040.390.65
TurkeyBIST 70452864.2962.221.040.400.64
USPREFERRED 138488841764.1646.960.950.350.60
USFOREX 77522867.5353.850.900.310.60
SwedenSTOCKHOLM 71472966.2061.700.720.150.57
ThailandSET 81603674.0760.000.800.250.55
South KoreaKOSDAQ 46332171.7463.640.760.240.52
UKLSE 75532470.6745.280.910.400.51
BrazilBOVESPA 80533466.2564.150.960.470.49
JapanNAGOYA 111603254.0553.331.551.100.45
TaiwanGTSM 64502678.1352.000.700.280.42
JapanSAPPORO 96166.6716.671.501.330.17
JapanFUKUOKA 207235.0028.570.430.71-0.29
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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