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 97574058.7670.1810.352.377.98
USOTC PINK 94386530407269.3762.208.301.926.38
JapanSAPPORO 2010850.0080.005.900.305.60
CanadaCSE 75573276.0056.1410.635.165.47
USWARRANTS 144885761.1164.775.510.814.70
Saudi ArabiaTADAWUL 23821630107968.4366.204.440.673.77
Greece ATHENS 64542625766.0560.334.721.033.69
Hong KongHKEX 1585910891653068.6759.964.821.143.68
NorwayOSE 2017133780166.2959.914.771.133.64
ChinaSZSE 153479847612564.1662.204.701.063.63
PortugalLISBON 33824315371.8962.964.340.933.41
ChinaSSE 96386079367263.0760.404.360.973.39
EgyptEGX 134396359971.7162.204.441.123.32
South KoreaKOSDAQ 1747212521829471.6666.244.200.993.21
UAEUAE 48933220867.8962.654.130.953.19
USAMEX 35902365143765.8860.764.261.113.16
UKLSE 1759311598733065.9263.203.820.703.12
USNASDAQ 29342198721236367.7562.193.940.913.03
IndiaBSE 29600211471312171.4462.054.371.373.00
OmanMSM 87563364.3758.933.730.772.96
IndiaNSE 2128715386977072.2763.504.071.122.95
TaiwanGTSM 88926214403169.8864.873.670.722.95
QatarQE 35124016068.3866.673.480.632.85
KuwaitKSE 42824811557.9446.374.231.402.83
ArgentinaBUE 62241526466.7263.613.810.982.83
IndonesiaIDX 32382199127267.9157.843.600.902.70
RussiaMICEX 1839122875766.7861.643.400.792.61
BrazilBOVESPA 35002333145166.6662.193.460.882.59
SpainIBEX 1640110469567.3262.953.300.752.55
CanadaTSX-V 1925125463765.1450.804.812.302.51
The World 43583529253217530567.1359.923.400.912.49
South KoreaKRX 141569640616168.1063.913.330.852.48
IsraelTASE 30382232139373.5462.353.280.802.48
TaiwanTWSE 137919395556568.1259.232.840.642.21
SwedenSTOCKHOLM 63394085236564.4457.893.010.922.10
ItalyBORSA 80615492319868.2458.132.720.682.04
AustraliaASX 86295548299464.2953.973.181.162.02
FrancePARIS 73074962300867.9160.622.730.741.99
CanadaTSX 139418984497764.4455.402.800.841.96
MalaysiaBURSA 48723095156963.5350.692.951.061.89
TurkeyBIST 62904167229566.2555.082.810.951.86
SingaporeSGX 2915184889863.4048.592.750.971.78
Austria WIENERBORSE 43928716965.3858.892.400.711.68
USNYSE 38516256621484666.6357.852.310.641.67
DenmarkCOPENHAGEN 123281348265.9959.292.420.761.66
BelgiumBRUSSELS 132382746262.5155.862.290.641.65
JordanASE 32921810966.2650.002.781.141.64
MexicoBMV 1785121272267.9059.572.280.751.53
JapanTOKYO 39003250271362264.1754.432.510.991.53
GermanyXETRA 106627090395166.5055.732.190.721.47
JapanNAGOYA 34420210358.7250.992.290.891.40
NetherlandsAMSTERDAM 2218143881764.8356.821.900.561.34
Austria WIENERBORSE 1861176462.9054.701.420.211.21
USAMEX 35325816273.0962.791.290.151.14
SwitzerlandSIX 37232356125163.2853.101.630.631.00
JapanFUKUOKA 84351741.6748.571.600.690.91
TurkeyBIST 1841227166.3058.201.220.310.91
USPREFERRED 36242196104860.6047.721.010.350.65
FOREXFOREX 26217510966.7962.290.810.210.60
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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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 LLC, nor makes any claims whatsoever regarding past or future performance. All examples, charts, histories, tables, commentaries, or recommendations are for educational or informational purposes only. is an independent and free website and all the Services provided by LLC at are completely free of charge. LLC does not receive compensation by any direct or indirect means from the visitors and users of this website (or of any other© 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.

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