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 1/1/2022
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
USOTCBB 10108100.0080.0016.104.4011.70
OmanMSM 30211270.0057.142.950.862.10
RussiaMICEX 2401599366.2558.491.790.491.30
PakistanKSE 2001387869.0056.521.590.351.24
UAEUAE 23716811570.8968.451.390.211.17
Greece ATHENS 1501187278.6761.021.340.251.09
PortugalLISBON 1601217575.6361.981.120.240.88
MexicoBMV 31723614674.4561.861.210.340.87
Austria WIENERBORSE 1431106776.9260.911.100.240.86
ItalyBORSA 1541167075.3260.341.080.220.85
GermanyXETRA 1541167075.3260.341.080.220.85
FrancePARIS 1541167075.3260.341.080.220.85
SpainIBEX 1681277775.6060.631.070.240.83
JapanTOKYO 2101499070.9560.401.100.280.83
ChileBCS 2681739364.5553.761.240.430.81
NetherlandsAMSTERDAM 1581197175.3259.661.030.240.80
BelgiumBRUSSELS 1581197175.3259.661.030.240.80
IndonesiaIDX 2181588672.4854.431.080.340.74
ArgentinaBUE 2511538560.9655.561.290.570.72
IsraelTASE 2141488569.1657.430.900.220.68
Vietnam HOSE 2401579065.4257.320.880.250.62
Hong KongHKEX 1971448373.1057.640.870.250.62
MalaysiaBURSA 2021408069.3157.140.850.240.61
CanadaTSX 2101468269.5256.160.850.240.61
UKLSE 2201708277.2748.240.890.290.60
AustraliaASX 23219111182.3358.120.840.240.60
SingaporeSGX 2081306962.5053.080.820.230.58
USFOREX 25317610569.5759.660.780.200.58
ThailandSET 2471799872.4754.750.740.210.53
TaiwanGTSM 1781327874.1659.090.770.240.52
NorwayOSE 2861809962.9455.000.890.380.51
BrazilBOVESPA 2711749264.2152.870.940.450.49
PhilippinesPSE 2241478065.6354.420.720.240.48
DenmarkCOPENHAGEN 2071518472.9555.630.750.290.46
ChinaSSE 2261527967.2651.970.700.240.46
Poland GPW 2311639770.5659.510.690.250.44
IndiaNSE 2161527970.3751.970.680.260.43
SwedenSTOCKHOLM 2881809862.5054.440.560.190.37
SwitzerlandSIX 1591176473.5854.700.670.310.36
FOREXFOREX 35825913272.3550.970.860.510.34
BangladeshDSE 1851367473.5154.410.620.300.32
South KoreaKOSDAQ 2031417869.4655.320.670.350.31
TurkeyBIST 2441547863.1150.650.810.510.29
JapanFUKUOKA 644256.255.560.270.080.19
JapanSAPPORO 96166.6716.671.501.330.17
PortugalLISBON 2728768.383.760.150.010.14
EgyptEGX 23747570.940.300.060.000.06
IsraelTASE 34737570.800.200.040.000.04
The World 5411119343534969.401.420.050.010.03
SingaporeSGX 11722164.680.130.030.010.02
Austria WIENERBORSE 12028568.640.610.020.010.01
SwedenSTOCKHOLM 81297568.450.090.010.000.01
UAEUAE 5191165.510.290.010.000.01
ThailandSET 701210767.770.150.010.010.01
IndonesiaIDX 57705373.280.070.010.000.01
ArgentinaBUE 14282163.660.110.010.000.01
Poland GPW 36822269.580.080.000.000.00
TaiwanTWSE 14691181368.650.130.010.000.00
NetherlandsAMSTERDAM 29406268.370.100.010.000.00
South KoreaKOSDAQ 164624472.000.030.000.000.00
Vietnam HOSE 34747368.970.130.010.010.00
ChinaSSE 239655470.920.020.000.000.00
IndiaBSE 3691915973.250.030.000.000.00
IndiaNSE 2983914673.140.030.000.000.00
JapanTOKYO 377333268.250.010.000.000.00
ItalyBORSA 102056468.880.060.000.000.00
USNYSE 4054615666.490.020.000.000.00
CanadaTSX 108222165.600.010.000.000.00
South KoreaKRX 139026569.580.050.000.000.00
Saudi ArabiaTADAWUL 37760068.220.000.000.000.00
QatarQE 4440069.590.000.000.000.00
MalaysiaBURSA 47240070.280.000.000.000.00
MexicoBMV 19650069.410.000.000.000.00
Greece ATHENS 7820065.860.000.000.000.00
NorwayOSE 30080068.450.000.000.000.00
JapanNAGOYA 1950067.180.000.000.000.00
JordanASE 1050060.950.000.000.000.00
SpainIBEX 16630068.610.000.000.000.00
ChileBCS 4090069.190.000.000.000.00
GermanyXETRA 176950068.090.000.000.000.00
ChinaSZSE 278190071.010.000.000.000.00
BelgiumBRUSSELS 10550067.390.000.000.000.00
BrazilBOVESPA 74340067.230.000.000.000.00
CanadaCSE 6090076.030.000.000.000.00
CanadaTSX-V 21350070.770.000.000.000.00
SwitzerlandSIX 42290066.350.000.000.000.00
RussiaMICEX 28820068.980.000.000.000.00
PakistanKSE 33450073.120.000.000.000.00
USWARRANTS 2950064.750.000.000.000.00
USPREFERRED 23923264.380.130.000.000.00
USOTC PINK 125600070.880.000.000.000.00
UKLSE 165690069.270.000.000.000.00
Vietnam HNX 7350068.440.000.000.000.00
USNASDAQ 376490068.610.000.000.000.00
AustraliaASX 86132166.330.020.000.000.00
Hong KongHKEX 127804269.700.020.000.000.00
FrancePARIS 73678468.890.080.000.000.00
TaiwanGTSM 999510470.760.060.000.000.00
USAMEX 53821067.190.000.000.000.00
TurkeyBIST 94456067.540.000.000.000.00
BangladeshDSE 41333077.180.000.000.000.00
PhilippinesPSE 12901070.780.000.000.01-0.01
DenmarkCOPENHAGEN 13358366.370.340.010.01-0.01
KuwaitKSE 7993069.090.000.000.01-0.01
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

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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