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 pattern is characterized by a large black body engulfing a preceding smaller white body, which appears during an uptrend. The black body does not necessarily engulf the shadows of the white body but totally engulfs the body itself. This is an important top reversal signal.
Recognition Criteria
1. The market is characterized by a prevailing uptrend.
2. A white body is formed observed on the first day.
3. The black body that is formed on the second day completely engulfs the white body of the preceding day.
Pattern Requirements and Flexibility
The length of the first white candlestick is not important. It can even be a Doji. The second one, however, has to be a normal or long black candlestick. Either the body tops or the body bottoms of the two candlesticks may be at the same level, but in any case, the black body of the Bearish Engulfing Pattern should be longer than the previous white body.
Trader’s Behavior
While the market is characterized by a definite uptrend, lower volume of buying is observed with the occurrence of a white body on the first day. The next day, the market opens at new highs. It looks as if there’s going to be more bullish trading, however the uptrend loses momentum and the bears take the lead during the day. The selling pressure overcomes buying and finally the market closes below the open of the previous day. The uptrend is damaged.
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 1/1/2014
Stock Exchange
Per Trade
Total Net%(Descending)
USOTCBB 77514066.2378.4313.782.1811.61
USOTC PINK 106037332459869.3162.578.341.916.43
JapanSAPPORO 2010850.0080.005.900.305.60
CanadaCSE 118925577.9759.789.544.095.46
Saudi ArabiaTADAWUL 26071807121569.3167.244.370.643.73
OmanMSM 51331864.7154.554.640.943.70
ChinaSZSE 1670710910687965.3063.054.641.013.63
USWARRANTS 145905962.0765.564.390.813.58
Hong KongHKEX 1730211895712868.7559.924.691.123.57
NorwayOSE 2265152391267.2459.884.671.113.55
ChinaSSE 106626839420764.1461.514.360.923.43
Greece ATHENS 71646627565.0859.014.411.053.37
KuwaitKSE 48730015861.6052.674.671.333.34
PortugalLISBON 37626616370.7461.284.200.933.27
USAMEX 39192568156165.7660.574.321.093.22
UAEUAE 52135622768.3363.764.110.963.16
EgyptEGX 1491106965571.7061.274.311.183.13
South KoreaKOSDAQ 1925713771904971.5165.714.070.973.10
UKLSE 1961212919804265.9162.213.710.703.00
USNASDAQ 32441219541366067.7562.153.900.912.99
QatarQE 38526618169.0968.053.560.612.96
IndiaBSE 32669234461448871.7761.794.301.362.95
TaiwanGTSM 98906919447469.9664.663.560.712.85
IndiaNSE 23731171741081772.3762.983.931.112.82
RussiaMICEX 2032138785368.2661.503.520.782.74
ArgentinaBUE 72148931367.8264.013.690.992.69
BrazilBOVESPA 39342624164066.7062.503.490.832.66
IndonesiaIDX 36672521145068.7557.523.540.912.63
CanadaTSX-V 2140141471266.0750.354.972.382.59
SpainIBEX 1812122676967.6662.723.300.772.53
The World 48093932360819343567.3159.753.340.902.44
IsraelTASE 34272501155172.9862.023.230.822.41
South KoreaKRX 1563010530667867.6563.153.170.832.34
TaiwanTWSE 1523210418617768.4059.292.780.642.14
AustraliaASX 95136165335664.8154.443.221.142.07
SwedenSTOCKHOLM 72314676266664.6757.012.950.922.04
ItalyBORSA 89756120355468.1958.072.630.681.96
CanadaTSX 153249945555264.9055.832.770.851.92
FrancePARIS 80625446327167.5560.062.640.761.89
MalaysiaBURSA 55813559180663.7750.742.851.071.78
RussiaMICEX 141995470.2154.552.330.581.76
TurkeyBIST 69994675253266.8054.162.690.941.75
SingaporeSGX 3227202598862.7548.792.710.981.73
PortugalLISBON 1791208367.0469.171.810.141.67
USNYSE 42800285161645666.6357.712.290.631.66
DenmarkCOPENHAGEN 139591353565.4558.602.350.761.59
Austria WIENERBORSE 48831518364.5558.102.290.701.59
BelgiumBRUSSELS 145792951963.7655.872.210.631.59
JapanNAGOYA 37321710958.1850.232.410.831.58
MexicoBMV 1971134580368.2459.702.280.741.54
JapanTOKYO 42887275471504264.2354.602.500.971.53
JordanASE 37525112666.9350.202.791.261.53
GermanyXETRA 117297825436666.7155.802.130.711.42
SpainIBEX 2281489764.9165.541.590.211.39
NetherlandsAMSTERDAM 2421155188764.0657.191.890.561.33
Greece ATHENS 1841157562.5065.221.470.181.29
BrazilBOVESPA 2181439765.6067.831.590.371.22
SwitzerlandSIX 163936357.0667.741.410.201.20
ArgentinaBUE 1841198364.6769.751.340.181.16
Austria WIENERBORSE 1661076564.4660.751.350.191.16
ItalyBORSA 1821137262.0963.721.350.221.13
FrancePARIS 1821137262.0963.721.350.221.13
JapanFUKUOKA 83371944.5851.351.700.651.05
GermanyXETRA 1711126865.5060.711.210.191.03
JapanTOKYO 1811217866.8564.461.260.231.02
SwitzerlandSIX 41212594135162.9552.081.580.620.96
MexicoBMV 21315411072.3071.431.280.320.95
BelgiumBRUSSELS 1911258065.4564.
NetherlandsAMSTERDAM 1911258065.4564.
IsraelTASE 1901368571.5862.501.190.270.92
PakistanKSE 123804765.0458.751.050.140.91
Hong KongHKEX 127936073.2364.521.100.200.89
TaiwanGTSM 139965569.0657.
ChileBCS 22916110370.3163.981.070.200.86
NorwayOSE 1861178062.9068.381.060.200.86
AustraliaASX 1941449674.2366.671.050.190.86
UKLSE 22816010170.1863.
MalaysiaBURSA 1631046963.8066.351.010.160.85
UAEUAE 41531018474.7059.351.040.190.85
CanadaTSX 2081519672.6063.581.040.230.81
TurkeyBIST 1741147165.5262.281.150.340.81
USFOREX 39027115269.4956.090.960.180.78
PeruBVL 2101458869.0560.690.930.170.76
ChinaSSE 140945767.1460.640.930.190.73
BangladeshDSE 1541035466.8852.430.880.170.72
SwedenSTOCKHOLM 1821287770.3360.160.980.270.71
Poland GPW 166996559.6465.660.970.260.71
Vietnam HOSE 137935867.8862.370.870.170.70
South KoreaKOSDAQ 2281559367.9860.000.890.220.67
DenmarkCOPENHAGEN 1641096366.4657.800.900.230.67
IndiaNSE 2011477973.1353.740.740.130.61
FOREXFOREX 2431709969.9658.240.820.220.59
USPREFERRED 38682330109360.2446.910.930.350.58
ThailandSET 1971388170.0558.700.700.130.57
PhilippinesPSE 1591086367.9258.330.770.200.56
IndonesiaIDX 156955960.9062.110.710.190.52
SingaporeSGX 2051427769.2754.230.600.170.43
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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