BEARISH DARK CLOUD COVER
The chart showing Series 1 series.
To evaluate the performance of the pattern in your stock exchange within the context of other global markets, please refer to the table below. Locate your stock market to see its ranking among others. This will provide insights into the pattern’s strength and reliability, aiding you in your buying and selling decisions.
BEARISH DARK CLOUD COVER
Definition
This is a top reversal pattern comprising two candlesticks. During an uptrend, a white candlestick appears on the first day. On the second day, the market opens at a new high, creating a gap up, and then closes more than halfway into the prior bullish candlestick’s body, resulting in the formation of a strong black candlestick.
Recognition Criteria
1. The market is currently defined by a dominant upward trend.
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’s bullish candlestick.
4. On the second day, the market does not close below the body of the first day’s candlestick.
Pattern Requirements and Flexibility
The first day of the Bearish Dark Cloud Cover pattern features a normal or long white candlestick. The second day should open significantly above the first day’s close and close more than halfway into the prior bullish candlestick’s body. However, the second day’s close must remain within the body of the first day’s candlestick.
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 determined by the last close. For confirmation, prices should fall below this level.

The stop-loss level is defined as the last high. If, following the bearish signal, prices rise instead of falling and either close or make two consecutive daily highs above the stop-loss level, without detecting any bullish pattern, 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
CanadaCSE 61446429676.2263.259.102.316.78
USOTC MARKETS 126828668491370.7554.756.932.774.16
IndonesiaIDX 58974274251073.2158.144.841.273.57
CanadaTSXV 2159151987271.1456.775.922.643.28
SwedenOMX STOCKHOLM 82355560323668.4557.414.731.463.27
USNASDAQ 37148249851402268.4455.154.991.763.23
Vietnam HNX 75151328569.1154.914.641.473.18
PhilippinesPSE 124287249870.8556.594.071.082.99
South KoreaKOSDAQ 1646411647706471.9059.684.211.262.95
Hong KongHKEX 130398924517069.3057.224.321.382.94
JordanASE 101612960.4047.544.161.322.83
BangladeshDSE 41743196192177.7459.203.941.202.74
Poland GPW 37792585150069.3657.234.051.352.70
IsraelTASE 35012450139770.9856.223.781.162.62
ChileBCS 41829017169.8658.563.250.712.55
ThailandSET 69034616252067.5854.023.641.172.47
FrancePARIS 73334971264969.1452.253.521.132.39
EgyptEGX 2349165797071.3557.883.671.322.35
MalaysiaBURSA MALAYSIA 46483225174969.8153.903.741.412.33
Vietnam HOSE 35952445139368.7656.353.411.092.32
NorwayOSE 30371997103368.2349.863.771.492.28
ChinaSSE 25801180491069470.7758.573.220.982.25
TaiwanTPEx 102877219419971.0857.433.231.012.22
ChinaSZSE 29745207231215370.5757.903.331.112.22
South KoreaKRX 140169493552168.7057.343.051.032.02
PakistanPSX 32942365133273.2255.223.351.391.96
UAEDFM-ADX 56636620065.3754.053.031.091.94
Saudi ArabiaTADAWUL 38302611150668.8357.132.740.821.91
The WorldWORLD MARKETS 52570635705219523769.3553.553.301.411.89
TurkeyBIST 84265729313668.5654.283.421.541.89
AustraliaASX 86015637282666.3949.493.601.711.88
DenmarkOMX COPENHAGEN 134187747066.6752.573.051.171.88
BrazilBOVESPA 75714980264766.9952.192.951.131.82
PortugalLISBON 27418310567.5256.762.610.801.81
QatarQE 44230317769.4657.652.630.851.79
SingaporeSGX 118275339264.5551.382.781.001.78
TaiwanTWSE 1505510182572268.5855.422.710.971.74
SpainBME 1623109355868.3350.322.971.271.70
IndiaNSE 28349204781117173.3853.703.151.461.68
JapanNSE 1801165865.5649.152.380.731.65
KuwaitBOURSA KUWAIT 80554630068.9454.052.681.041.64
MexicoBMV 1791121663169.1250.973.111.471.64
IndiaBSE 35665257591380773.1952.893.281.681.60
UKLSE 1504910094505768.8348.822.911.361.55
CanadaTSX 109267050363565.6850.652.781.231.55
USAMEX 55493641179567.1148.203.161.631.53
BelgiumBRUSSELS 106269734766.2049.362.541.071.47
JapanTSE 38340257381341068.1751.312.591.171.42
USNYSE 40080262611336366.6450.032.501.101.41
GermanyXETRA 1763711774587468.1448.882.220.891.33
NetherlandsAMSTERDAM 2920194898067.9549.402.150.821.33
Austria WIENERBÖRSE 118880038968.8647.562.431.141.29
JapanFSE 75411954.6746.342.000.721.28
ItalyMILAN 93316241306568.8647.702.281.081.20
SwitzerlandSIX 42882773135866.2147.831.970.901.06
Greece ATHEX 73048823767.6747.982.351.301.05
ArgentinaBCBA 1704105750364.2645.943.062.090.97
Patterns Total: The number of occurrences of this particular pattern during the specified period.
Confirmed Total: The number of detected patterns that were confirmed and converted into signals.
Profitable Signals: The number of confirmed patterns that resulted in profitable trades.
Confirmation %: The percentage of confirmed patterns relative to the total occurrences of this pattern.
Profitable Signal %: The percentage of successful confirmed patterns relative to the total confirmed patterns.
Per Trade Profit %: Total Profits divided by Total Trades.
Per Trade Loss %: Total Losses divided by Total Trades.
Per Trade Net%: (Total Profits minus Total Losses) divided by the Total Number of Trades.
Samples: Live sample ticker symbols from stock exchanges, with links to the related bulls.com© family websites’ stock pages.

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.

Candlesticker.com is an independent and free website and all the Services provided by Americanbulls.com LLC at Candlesticker.com are completely free of charge. Americanbulls.com LLC does not receive compensation by any direct or indirect means from the visitors and users of this website (or of any other bulls.com© family websites), and from the stocks, securities and other institutions or any underwriters or dealers associated with the broader national or international forex, commodity and stock markets.

You agree that Candlesticker.com and Americanbulls.com LLC its parent company, subsidiaries, affiliates, officers and employees shall not be liable for any direct, indirect, incidental, special or consequential damages.