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 42292369.0579.3112.591.8310.76
USOTC PINK 44313106199170.3063.928.721.946.79
CanadaCSE 41291670.7355.179.863.486.38
USWARRANTS 51312360.7874.195.390.484.90
CanadaTSX-V 61542323769.1155.766.162.004.16
USAMEX 1917132384469.0163.794.920.953.97
OmanMSM 27251592.5960.004.560.843.72
Saudi ArabiaTADAWUL 1542105372168.2968.474.250.623.63
Hong KongHKEX 73785178308770.1859.624.721.123.60
ChinaSSE 51733429216566.2963.144.460.943.52
South KoreaKOSDAQ 86196299424173.1967.234.410.913.50
PortugalLISBON 1861258067.2064.004.250.753.50
ChinaSZSE 79745392339967.6263.044.541.053.49
UAEUAE 2371639568.7858.284.330.843.48
BrazilBOVESPA 1795120374967.3561.954.400.973.43
ArgentinaBUE 30319612764.6964.804.391.033.36
IndonesiaIDX 1390101660273.0959.254.250.903.35
NorwayOSE 88259737368.4861.754.361.043.32
EgyptEGX 58143626675.0461.014.200.923.27
Greece ATHENS 24216510068.1860.614.731.553.19
USNASDAQ 1658211282708168.0762.734.020.923.10
TaiwanGTSM 42413105203273.2165.443.850.783.08
IndiaBSE 1601511530727872.0063.
IndiaNSE 123168982570772.9363.543.991.112.88
SpainIBEX 83355436166.5165.163.630.882.75
IsraelTASE 110581151673.3963.633.480.742.73
The World 2080421424558687368.5060.963.510.932.58
South KoreaKRX 67994769310270.1465.053.490.962.53
TaiwanTWSE 61694376277670.9463.443.060.632.43
SwedenSTOCKHOLM 26481733102665.6359.033.290.902.39
AustraliaASX 32392163122666.7856.683.461.122.34
RussiaMICEX 99870843170.9460.883.170.862.31
ItalyBORSA 37732490147266.0059.123.000.712.29
SingaporeSGX 94361132664.7953.363.160.902.27
QatarQE 1901218463.6869.422.930.722.21
MalaysiaBURSA 1820124266968.2453.863.171.012.16
CanadaTSX 64614305253466.6358.863.000.862.14
UKLSE 62724172243566.5258.372.870.782.09
TurkeyBIST 31862258131970.8758.412.910.832.08
Austria WIENERBORSE 25418210271.6556.042.650.632.02
FrancePARIS 30502073121867.9758.762.700.711.99
JapanTOKYO 1730811556657666.8256.862.871.021.84
USNYSE 2027213331784165.7658.822.460.641.82
KuwaitKSE 118753463.5645.333.201.441.76
MexicoBMV 81655932468.5057.962.300.721.57
BelgiumBRUSSELS 58538321165.4755.092.300.731.57
GermanyXETRA 50923339182365.5754.602.240.721.52
DenmarkCOPENHAGEN 58637920764.6854.622.220.801.43
NetherlandsAMSTERDAM 100666837066.4055.391.960.611.35
JapanFUKUOKA 197336.8442.862.000.711.29
JordanASE 125894571.2050.562.371.091.28
SwitzerlandSIX 1738111462364.1055.921.700.571.12
FOREXFOREX 135956370.3766.321.010.180.83
Austria WIENERBORSE 55402672.7365.000.980.180.80
USAMEX 79543368.3561.
TurkeyBIST 83573468.6759.651.020.390.63
USPREFERRED 147993143962.9547.150.890.330.56
JapanNAGOYA 105602957.1448.331.381.000.38
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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