Candlesticker, BEARISH DARK CLOUD COVER PATTERN.

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INTRODUCTION

BASIC CANDLESTICKS

http://www.candlesticker.com/Pattern.aspx?lang=en&Pattern=2205

BULLISH PATTERNS

BEARISH PATTERNS

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 candlesticks body.

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 patterns strength
and reliability and help you in your selling decisions.

However, the close of the second day must stay inside the body of the first day.
Traders 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 days 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 1/1/2013

Patterns
Total

Confirmed
Total

Profitable
Signals

Confirmation
%

Profitable
Signal%

Profit%

Per Trade

Country

Stock Exchange

Website

Loss%

Total Net%

Samples

US

OTCBB

Americanbulls

106

87

64

82.08

73.56

10.61

1.33

9.28

US

OTC PINK

Americanbulls

4343

3037

1994

69.93

65.66

8.92

1.87

7.05

Canada

CSE

Canadabulls

15

12

80.00

50.00

9.42

3.83

5.58

Canada

TSX-V

Canadabulls

576

403

228

70.31

56.30

6.60

1.97

4.62

Argentina

BUE

Argentinianbulls

250

152

96

60.80

63.16

5.48

1.04

4.44

US

WARRANTS

Americanbulls

77

53

36

68.83

67.92

4.94

0.57

4.38

Brazil

BOVESPA

Brasilbulls

1704

1173

790

68.84

67.35

4.93

0.80

4.13

US

AMEX

Americanbulls

1979

1363

883

69.08

64.59

4.85

0.93

3.92

CABN

FPC.V

SUZB5.SA

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Hong Kong

HKEX

HongKongbulls

Greece

ATHENS

Portugal

http://www.candlesticker.com/Pattern.aspx?lang=en&Pattern=2205

7203

5119

3100

71.07

60.56

4.96

1.15

3.81

Greecebulls

293

197

113

67.24

57.36

5.15

1.48

3.67

LISBON

Portuguesebulls

181

129

90

71.27

69.77

4.40

0.80

3.60

Indonesia

IDX

Indonesianbulls

1132

830

483

73.32

58.19

4.53

0.94

3.59

SILO.JK

China

SZSE

Chinesebulls

8239

5408

3439

65.64

63.59

4.65

1.08

3.57

002699.SZ

China

SSE

Chinesebulls

5379

3558

2310

66.15

64.92

4.48

0.92

3.56

600579.SS

South Korea

KOSDAQ

Koreanbulls

8340

6113

4102

73.30

67.10

4.42

0.92

3.50

052770.KQ

Japan

FUKUOKA

Japanesebulls

14

57.14

50.00

3.88

0.63

3.25

Egypt

EGX

Middleeastbulls

581

437

271

75.22

62.01

4.39

1.16

3.23

India

BSE

Hindustanbulls

15052

10804

6895

71.78

63.82

4.41

1.22

3.19

Saudi Arabia

TADAWUL

Middleeastbulls

1426

975

643

68.37

65.95

3.80

0.64

3.16

India

NSE

Hindustanbulls

11605

8383

5373

72.24

64.09

4.15

1.07

3.08

US

NASDAQ

Americanbulls

17410

11738

7392

67.42

62.97

3.95

0.94

3.01

Oman

MSM

Middleeastbulls

29

23

14

79.31

60.87

3.91

0.91

3.00

Norway

OSE

Norskbulls

837

583

356

69.65

61.06

4.09

1.11

2.98

Israel

TASE

Israelibulls

1015

742

477

73.10

64.29

3.71

0.74

2.98

AVNR-L

Taiwan

GTSM

Taiwanesebulls

4833

3495

2288

72.32

65.46

3.68

0.75

2.92

4168.TWO

Singapore

SGX

Singaporebulls

1008

673

387

66.77

57.50

3.69

0.85

2.84

UAE

UAE

Middleeastbulls

305

199

117

65.25

58.79

3.83

0.99

2.83

Spain

IBEX

Espanolbulls

827

562

357

67.96

63.52

3.64

0.88

2.75

203172

139065

85626

68.46

61.57

3.66

0.95

2.71

The World

ALANKIT.BO

IDXG

Turkey

BIST

Turkishbulls

3080

2176

1319

70.65

60.62

3.45

0.83

2.62

Russia

MICEX

Russianbulls

978

690

432

70.55

62.61

3.38

0.82

2.56

South Korea

KRX

Koreanbulls

6780

4807

3110

70.90

64.70

3.59

1.07

2.51

005980.KS

Taiwan

TWSE

Taiwanesebulls

6922

4905

3114

70.86

63.49

3.05

0.65

2.40

1452.TW

Italy

BORSA

Italianbulls

3594

2347

1408

65.30

59.99

3.08

0.70

2.38

Sweden

STOCKHOLM

Swedishbulls

2135

1391

815

65.15

58.59

3.26

0.90

2.37

HIQ.ST

Malaysia

BURSA

Malaysianbulls

1930

1349

748

69.90

55.45

3.30

1.01

2.30

8869

Japan

TOKYO

Japanesebulls

17187

11743

6758

68.32

57.55

3.38

1.10

2.28

3665

UK

LSE

Britishbulls

6016

4027

2400

66.94

59.60

2.99

0.75

2.24

DVO.L

Australia

ASX

Aussiebulls

2917

1948

1087

66.78

55.80

3.36

1.20

2.16

WHC.AX

Qatar

QE

Middleeastbulls

236

141

88

59.75

62.41

2.93

0.83

2.10

Canada

TSX

Canadabulls

6530

4381

2539

67.11

57.94

2.98

0.88

2.10

Denmark

COPENHAGEN

Danskbulls

593

379

223

63.91

58.84

2.86

0.79

2.07

France

PARIS

Francaisbulls

3015

2005

1222

66.50

60.95

2.76

0.71

2.04

MAX.TO

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http://www.candlesticker.com/Pattern.aspx?lang=en&Pattern=2205

Austria

WIENERBORSE

Austrianbulls

248

172

102

69.35

59.30

2.67

0.71

1.97

Kuwait

KSE

Middleeastbulls

149

92

42

61.74

45.65

3.23

1.30

1.92

US

NYSE

Americanbulls

21535

14126

8390

65.60

59.39

2.47

0.65

1.82

Netherlands

AMSTERDAM

Dutchbulls

948

604

343

63.71

56.79

2.34

0.60

1.74

Belgium

BRUSSELS

Belgianbulls

555

381

216

68.65

56.69

2.36

0.66

1.70

Germany

XETRA

Deutschebulls

4878

3159

1820

64.97

57.43

2.36

0.70

1.66

Mexico

BMV

Mexicanobulls

730

509

307

69.73

60.31

2.29

0.71

1.58

Jordan

ASE

Middleeastbulls

149

108

53

72.48

49.07

2.82

1.45

1.37

Switzerland

SIX

Swissbulls

1619

1036

598

63.99

57.72

1.93

0.60

1.33

Japan

NAGOYA

Japanesebulls

114

73

39

64.04

53.42

2.22

1.34

0.88

US

AMEX

Americanbulls

64

52

33

81.25

63.46

1.08

0.21

0.87

FOREX

FOREX

74

55

38

74.32

69.09

0.84

0.09

0.75

US

PREFERRED

Americanbulls

1594

993

493

62.30

49.65

1.07

0.34

0.74

Turkey

BIST

Turkishbulls

55

34

21

61.82

61.76

1.06

0.38

0.68

Japan

SAPPORO

Japanesebulls

66.67

16.67

1.50

1.33

0.17

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 ProfitsTotal 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

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26-Jun-16 2:06 PM