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 111694762.1668.1210.062.527.54
USOTC PINK 99186861429469.3762.418.361.906.45
JapanSAPPORO 2010850.0080.005.900.305.60
USWARRANTS 150915960.6764.846.000.805.20
CanadaCSE 89693977.5356.529.644.704.94
Saudi ArabiaTADAWUL 24511688112468.8766.594.420.653.77
Hong KongHKEX 1642111302677368.8359.934.751.133.61
Greece ATHENS 66843826365.5760.054.611.033.58
ChinaSZSE 1594710300639864.5962.124.581.053.53
NorwayOSE 2106138583666.2459.934.621.093.53
PortugalLISBON 35125115771.5162.554.280.913.37
ChinaSSE 100006347385963.4760.804.280.943.34
KuwaitKSE 45627013359.2149.264.671.403.27
South KoreaKOSDAQ 1817913035865171.7066.374.210.983.23
EgyptEGX 139799761571.3761.694.371.143.23
UAEUAE 50234322068.3364.144.130.923.21
USAMEX 37392456150765.6961.364.361.153.21
OmanMSM 89583465.1758.623.830.763.07
UKLSE 1837112146763566.1662.823.760.703.06
USNASDAQ 30484206781287767.9162.203.920.913.01
IndiaBSE 30673219851361371.6861.924.341.362.98
QatarQE 36625016968.3167.603.550.612.94
TaiwanGTSM 92616502421970.2164.893.620.722.90
IndiaNSE 22142160221013972.3663.
ArgentinaBUE 65443827766.9763.243.781.002.78
RussiaMICEX 1904128380067.3862.353.530.772.76
BrazilBOVESPA 36622444154866.9663.133.520.852.67
IndonesiaIDX 33772297132168.0257.513.540.912.62
CanadaTSX-V 1965128865665.6050.894.902.342.56
SpainIBEX 1704115172367.5562.813.240.752.50
The World 45201130403418224367.2859.923.370.902.47
South KoreaKRX 1472610031641368.1163.943.290.842.45
IsraelTASE 31812335145673.4762.303.250.812.45
TaiwanTWSE 142859775581768.4359.512.810.642.17
SwedenSTOCKHOLM 66344310249364.9757.843.010.912.10
AustraliaASX 89855780311764.3353.933.201.162.04
ItalyBORSA 84155726332468.1557.962.670.691.98
FrancePARIS 75735136310567.9360.362.690.731.96
CanadaTSX 144589329520064.5555.722.800.841.96
TurkeyBIST 65324351240066.6155.162.800.931.87
MalaysiaBURSA 51083242164363.4750.682.901.061.83
SingaporeSGX 3030191293063.1048.642.750.981.77
USNYSE 39956266831553266.7858.212.320.631.69
DenmarkCOPENHAGEN 129185250866.0059.622.420.751.67
Austria WIENERBORSE 45929917665.1458.862.360.701.66
BelgiumBRUSSELS 136585748162.7856.132.280.631.64
MexicoBMV 1860125974767.6959.332.320.741.58
JordanASE 34322411065.3149.112.721.171.55
JapanTOKYO 40295259311411764.3554.442.500.981.53
GermanyXETRA 110837418413866.9255.792.180.721.46
JapanNAGOYA 35421110859.6051.182.300.871.43
NetherlandsAMSTERDAM 2292147584464.3557.221.890.551.34
Austria WIENERBORSE 1881196563.3054.621.410.211.20
JapanFUKUOKA 87361941.3852.781.830.641.19
USAMEX 37027016772.9761.851.260.151.11
SwitzerlandSIX 38922454129063.0552.571.610.630.98
TurkeyBIST 2021308064.3661.541.240.290.95
USPREFERRED 37102251107460.6747.710.940.350.60
FOREXFOREX 27318511367.7761.080.780.210.57
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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