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
OmanMSM 30211270.0057.142.950.862.10
PakistanKSE 1691156668.0557.391.630.331.30
RussiaMICEX 1991297664.8258.911.820.531.29
UAEUAE 2061449969.9068.751.490.221.27
Greece ATHENS 125955776.0060.
IndonesiaIDX 1801317772.7858.781.240.310.92
MexicoBMV 28620812672.7360.581.260.360.90
ChileBCS 2291447862.8854.171.280.410.88
PortugalLISBON 1371006272.9962.
ArgentinaBUE 2161328061.1160.611.390.570.82
Vietnam HOSE 2021337965.8459.401.000.240.76
NetherlandsAMSTERDAM 131965773.2859.380.940.220.72
BelgiumBRUSSELS 131965773.2859.380.940.220.72
Austria WIENERBORSE 118885374.5860.230.930.230.70
ItalyBORSA 127935573.2359.140.910.220.70
GermanyXETRA 127935573.2359.140.910.220.70
FrancePARIS 127935573.2359.140.910.220.70
SpainIBEX 1411046273.7659.620.920.240.68
MalaysiaBURSA 1691216871.6056.200.910.250.66
AustraliaASX 1921579081.7757.320.880.240.64
JapanTOKYO 1801307872.2260.000.920.280.63
Hong KongHKEX 1621177072.2259.830.860.240.62
TaiwanGTSM 1561146973.0860.530.840.220.62
USFOREX 2241609771.4360.630.810.200.61
UKLSE 1821366874.7350.000.870.260.61
ThailandSET 2071498471.9856.380.760.170.59
SingaporeSGX 1851146561.6257.020.820.230.59
PhilippinesPSE 1761247170.4557.260.800.220.58
CanadaTSX 1931347869.4358.210.810.230.57
IsraelTASE 1841266968.4854.760.830.250.57
FOREXFOREX 28520911273.3353.591.000.440.56
BrazilBOVESPA 2211457965.6154.480.990.460.53
ChinaSSE 1971337067.5152.630.710.240.47
SwedenSTOCKHOLM 2511599463.3559.120.600.150.45
DenmarkCOPENHAGEN 1821337173.0853.380.740.300.44
Poland GPW 2021408369.3159.290.710.260.44
JapanFUKUOKA 555369.097.890.510.070.44
NorwayOSE 2521568361.9053.210.810.400.41
IndiaNSE 1911367171.2052.210.680.280.40
South KoreaKOSDAQ 1581096468.9958.720.700.380.32
SwitzerlandSIX 124945075.8153.190.610.320.29
BangladeshDSE 1601216775.6355.370.590.310.28
TurkeyBIST 2071347064.7352.240.780.510.27
JapanSAPPORO 96166.6716.671.501.330.17
PortugalLISBON 2758670.553.
EgyptEGX 16014370.710.
IsraelTASE 29606471.
The World 4649288145472269.161.470.050.010.03
USAMEX 45216468.330.
Austria WIENERBORSE 11118468.410.530.030.010.02
SwedenSTOCKHOLM 75299769.
ThailandSET 61559666.770.
BangladeshDSE 39246375.660.
IndonesiaIDX 49313273.530.
Poland GPW 31542269.
NetherlandsAMSTERDAM 25304268.540.
TaiwanTWSE 1181111768.490.
Vietnam HOSE 27114267.390.
RussiaMICEX 31698269.420.
South KoreaKOSDAQ 151883370.630.
IndiaNSE 2404614972.590.
ChinaSSE 185454270.570.
IndiaBSE 28446171072.730.
USNASDAQ 343049468.410.
JapanTOKYO 325064368.420.
CanadaTSX 104802166.340.
FrancePARIS 72516368.540.
PakistanKSE 25680074.420.
USWARRANTS 2950064.750.
USPREFERRED 23923264.380.
USOTC PINK 97000071.
Vietnam HNX 6430066.
UKLSE 141960068.880.
USNYSE 3685711566.
UAEUAE 3420065.500.
Saudi ArabiaTADAWUL 28620067.
QatarQE 3710071.430.
MalaysiaBURSA 43960070.540.
MexicoBMV 17840070.800.
JordanASE 1140064.910.
JapanNAGOYA 1810062.980.
ChileBCS 3410070.670.
SwitzerlandSIX 36570066.
ChinaSZSE 236930070.810.
GermanyXETRA 142810068.450.
SpainIBEX 15370069.
Greece ATHENS 6320065.660.
ArgentinaBUE 18200065.880.
BrazilBOVESPA 59040067.430.
BelgiumBRUSSELS 10520066.630.
CanadaCSE 7270075.790.
CanadaTSX-V 20410071.580.
AustraliaASX 81162166.460.
Hong KongHKEX 110791070.
TurkeyBIST 76254067.
ItalyBORSA 84885269.
TaiwanGTSM 79728370.
South KoreaKRX 126714368.880.
SingaporeSGX 10842165.870.140.000.01-0.01
PhilippinesPSE 14281072.
DenmarkCOPENHAGEN 12938266.
NorwayOSE 26427369.490.160.020.03-0.01
KuwaitKSE 5473067.460.000.000.01-0.01
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© family websites


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