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 1/1/2020
Stock Exchange 
Per Trade 
Total Net% Descending
USOTCBB 10108100.0080.0016.104.4011.70
CanadaCSE 72054334475.4263.359.092.516.58
USOTC PINK 107157461423071.2355.426.852.814.04
IndonesiaIDX 52453856229773.5259.574.951.233.72
Vietnam HNX 70046926367.0056.085.301.613.68
CanadaTSX-V 2028146381072.1455.376.132.763.37
USNASDAQ 36005245611389968.2256.594.921.623.30
EgyptEGX 1780125978770.7362.514.491.213.29
SwedenSTOCKHOLM 78945453319569.0858.594.591.373.23
JordanASE 114733764.0450.684.441.233.21
PakistanKSE 27102009120674.1360.034.331.303.03
ChileBCS 36425116368.9664.943.630.623.01
South KoreaKOSDAQ 1600911365684571.1260.
PhilippinesPSE 1426102759872.0258.
Hong KongHKEX 118578322479170.2057.564.281.342.94
IsraelTASE 31302235132871.4159.424.061.162.90
Poland GPW 33182302129969.4156.404.211.502.70
Vietnam HOSE 29812027116968.0057.673.821.182.64
NorwayOSE 28201930103869.1853.204.051.482.56
FrancePARIS 75555196289268.7855.663.561.042.52
IndiaNSE 26048188931078372.5457.073.821.322.50
BangladeshDSE 40803093183875.8159.423.651.152.49
MalaysiaBURSA 45543216174970.6254.383.791.422.37
ThailandSET 64754344233667.0953.783.381.092.29
ChinaSZSE 24951177221030571.0358.153.411.142.27
IndiaBSE 31174226511244572.6954.923.861.592.27
TurkeyBIST 83755561306366.4055.083.671.422.25
TaiwanGTSM 85376033351770.8858.
ChinaSSE 1989814107819970.9058.
JapanNAGOYA 1901205863.1648.333.241.072.17
AustraliaASX 84325647291266.9751.573.861.722.15
BrazilBOVESPA 63464280231467.4454.
South KoreaKRX 132679182538269.2158.613.191.052.13
OmanMSM 30211270.0057.142.950.862.10
The World 49353433970918874669.2355.243.431.362.07
RussiaMICEX 28621962108568.5555.303.091.042.04
QatarQE 39828516671.6158.252.870.842.04
UKLSE 1492410381550569.5653.
Saudi ArabiaTADAWUL 31102101126967.5660.402.740.761.98
PortugalLISBON 29320511669.9756.592.690.711.97
BelgiumBRUSSELS 110574339767.2453.432.860.901.97
USAMEX 48533307168968.1451.073.681.721.96
DenmarkCOPENHAGEN 134989648666.4254.
Greece ATHENS 68945624466.1853.513.221.301.92
UAEUAE 37024313765.6856.383.141.261.88
CanadaTSX 110137308382866.3652.383.081.221.86
SpainIBEX 1622112462169.3055.
SingaporeSGX 114875538965.7751.522.921.101.82
MexicoBMV 1841129369570.2353.753.111.301.81
TaiwanTWSE 126598705487068.7755.942.740.971.77
KuwaitKSE 59340222967.7956.972.700.941.76
JapanFUKUOKA 60412268.3353.663.421.731.70
USNYSE 39147257681353065.8252.512.721.061.66
JapanTOKYO 34804237541269968.2553.462.801.151.64
NetherlandsAMSTERDAM 26821852100569.0554.272.380.751.64
Austria WIENERBORSE 115479439668.8049.872.711.091.62
ArgentinaBUE 2105136168764.6650.483.421.881.54
ItalyBORSA 90706292328169.4452.102.480.941.54
GermanyXETRA 1545910613551768.6851.962.390.881.51
SwitzerlandSIX 38542550130766.1751.252.240.871.37
PakistanKSE 1741206968.9757.501.650.331.32
UAEUAE 21014810270.4868.921.480.221.26
RussiaMICEX 2081337763.9457.891.750.551.20
Greece ATHENS 1331026176.6959.801.290.221.08
PortugalLISBON 1451076673.7961.681.100.210.90
MexicoBMV 29221413073.2960.751.240.350.89
IndonesiaIDX 1871357872.1957.781.200.320.88
ChileBCS 2371518063.7152.981.250.400.85
NetherlandsAMSTERDAM 1391036174.1059.
BelgiumBRUSSELS 1391036174.1059.
Austria WIENERBORSE 126955775.4060.
ItalyBORSA 1351005974.0759.000.990.200.79
FrancePARIS 1351005974.0759.000.990.200.79
GermanyXETRA 1351005974.0759.000.990.200.79
ArgentinaBUE 2221388162.1658.701.340.570.77
SpainIBEX 1491116674.5059.460.990.230.77
Vietnam HOSE 2071378066.1858.390.970.250.72
UKLSE 1861397174.7351.080.930.250.68
MalaysiaBURSA 1751247070.8656.450.900.240.65
Hong KongHKEX 1651207172.7359.170.880.230.65
IsraelTASE 1921327368.7555.300.890.240.64
AustraliaASX 1981629181.8256.170.860.250.62
USFOREX 2281649971.9360.370.820.200.62
JapanTOKYO 1861337871.5158.650.890.290.61
TaiwanGTSM 1601187173.7560.170.810.220.59
ThailandSET 2121518471.2355.630.750.170.58
BrazilBOVESPA 2281508265.7954.671.020.450.57
SingaporeSGX 1881176662.2356.410.800.230.57
FOREXFOREX 29721911773.7453.421.000.440.57
CanadaTSX 1971367869.0457.350.800.240.57
PhilippinesPSE 1831287369.9557.030.790.230.56
NorwayOSE 2601649063.0854.880.900.390.51
ChinaSSE 2011347166.6752.990.720.240.49
DenmarkCOPENHAGEN 1871387573.8054.350.760.300.46
Poland GPW 2091468569.8658.220.700.270.42
SwedenSTOCKHOLM 2691689562.4556.550.590.170.42
IndiaNSE 1921377271.3552.550.670.280.39
South KoreaKOSDAQ 1661156969.2860.000.700.360.34
SwitzerlandSIX 1321015376.5252.480.630.320.32
BangladeshDSE 1661246874.7054.840.620.310.31
TurkeyBIST 2131387064.7950.720.780.540.23
JapanSAPPORO 96166.6716.671.501.330.17
USWARRANTS 2950064.750.
USPREFERRED 23923264.380.
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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