BEARISH ENGULFING
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.
BEARISH ENGULFING
Definition
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.
Title
Pattern Performance in Stock Exchanges since 1/1/2015
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
USOTCBB 31211867.7485.7118.050.4317.62
CanadaCSE 47534521272.8461.279.673.046.62
JapanSAPPORO 2010850.0080.005.900.305.60
USOTC PINK 134329283521869.4855.917.152.864.29
USWARRANTS 80563170.0055.364.951.453.50
ChinaSZSE 1900813245748069.6856.474.561.313.25
OmanMSM 95744277.8956.764.140.893.24
ChinaSSE 121678342458668.5654.974.371.203.17
Hong KongHKEX 1985013657758668.8055.554.381.293.09
PakistanKSE 36172701158074.6858.504.301.342.96
Saudi ArabiaTADAWUL 27361960117171.6459.743.660.832.83
Vietnam HNX 129381544063.0353.994.121.292.83
South KoreaKOSDAQ 2232116072956272.0559.463.941.252.68
IndonesiaIDX 48163394192470.4756.693.701.022.68
IndiaNSE 29111215621241374.1157.543.951.282.67
Poland GPW 43212874163966.8656.733.691.082.61
USAMEX 38662623141067.8553.764.241.652.60
IndiaBSE 36785269371505573.2455.884.121.542.58
TaiwanGTSM 115368089478070.1259.093.390.852.54
NorwayOSE 2660177793767.0352.553.771.272.49
EgyptEGX 1711123570772.1857.253.801.312.49
KuwaitKSE 53332618961.1657.983.581.112.48
USNASDAQ 40002269701492067.5255.243.661.212.45
ArgentinaBUE 103172541170.3256.693.671.262.42
TurkeyBIST 85755829319367.9854.783.250.982.27
UKLSE 2325315590870567.0855.803.120.892.23
CanadaTSX-V 30812096105068.0950.055.212.992.23
UAEUAE 51734618866.9254.343.101.002.10
The World 59739641010122551068.6954.963.181.092.09
South KoreaKRX 1895913020757768.6758.203.040.952.09
SpainIBEX 2105148986970.7458.363.030.942.09
MalaysiaBURSA 61894120216266.5752.483.151.072.08
QatarQE 43829318366.8962.462.770.702.08
PhilippinesPSE 26321810100068.7755.252.970.971.99
ThailandSET 94136243320866.3251.393.021.031.99
TaiwanTWSE 1744211884661468.1355.652.740.781.96
Vietnam HOSE 35432356128366.5054.463.111.161.95
SwedenSTOCKHOLM 102326920375967.6354.323.111.161.95
IsraelTASE 43153135174872.7055.722.971.051.92
JordanASE 32621411165.6451.872.911.041.86
PortugalLISBON 38628615574.0954.202.991.121.86
FrancePARIS 97036817392970.4057.522.610.761.86
JapanNAGOYA 48729515460.5752.203.001.191.81
RussiaMICEX 2536176995370.1153.602.690.971.72
BangladeshDSE 46543290180770.6954.922.841.181.66
BrazilBOVESPA 51893395169065.4349.782.761.211.55
BelgiumBRUSSELS 1553103156466.3954.702.280.741.55
JapanTOKYO 51515343241822266.6453.082.601.061.54
CanadaTSX 1658511086573766.9251.692.500.961.54
ItalyBORSA 108227695414271.1153.832.350.821.53
AustraliaASX 120697908387865.5749.002.981.471.51
SingaporeSGX 34992221102863.4846.292.531.071.46
Greece ATHENS 79751125764.1250.293.051.621.43
Austria WIENERBORSE 64340823063.4556.372.220.801.42
USNYSE 50698339221749566.9451.552.140.791.35
DenmarkCOPENHAGEN 1661109055865.6251.192.230.901.34
NetherlandsAMSTERDAM 28511980109269.4555.151.960.671.29
MexicoBMV 2383163685768.6552.382.150.911.24
PortugalLISBON 25617412067.9768.971.400.161.24
BrazilBOVESPA 22916210370.7463.581.590.361.23
GermanyXETRA 138529653513969.7453.202.000.791.21
ChileBCS 129786949867.0057.311.680.501.18
SpainIBEX 32321213565.6363.681.310.201.11
CanadaTSX 26719112871.5467.021.240.191.05
ChileBCS 36525216669.0465.871.160.170.99
Greece ATHENS 24415710464.3466.241.140.170.97
RussiaMICEX 1981357868.1857.781.360.410.96
MexicoBMV 31923315573.0466.521.150.270.88
Austria WIENERBORSE 2151409065.1264.291.070.190.88
ArgentinaBUE 2131459368.0864.141.140.260.88
GermanyXETRA 2301509665.2264.001.050.190.86
ItalyBORSA 2451579964.0863.061.050.210.84
FrancePARIS 2451579964.0863.061.050.210.84
UKLSE 32622513969.0261.781.070.240.84
MalaysiaBURSA 2151348862.3365.671.010.180.83
SwitzerlandSIX 48393258157267.3348.251.540.730.81
TaiwanGTSM 2061348265.0561.190.990.190.80
UAEUAE 37227717574.4663.181.000.210.80
NetherlandsAMSTERDAM 26417511266.2964.000.960.170.79
BelgiumBRUSSELS 26417511266.2964.000.960.170.79
TurkeyBIST 2291448462.8858.331.150.360.78
SwitzerlandSIX 2311448362.3457.641.010.260.75
JapanTOKYO 26917711465.8064.410.930.210.72
Hong KongHKEX 2041579876.9662.420.870.170.69
AustraliaASX 26319512374.1463.080.880.190.69
Poland GPW 2471479759.5165.990.880.200.69
DenmarkCOPENHAGEN 2241509466.9662.670.840.170.67
ChinaSSE 2101458769.0560.000.810.140.66
IsraelTASE 25618611472.6661.290.880.250.63
NorwayOSE 25617010266.4160.000.860.240.62
JapanFUKUOKA 110662860.0042.421.320.700.62
IndiaNSE 2051488572.2057.430.720.130.59
South KoreaKOSDAQ 33623014068.4560.870.800.200.59
PakistanKSE 2371448260.7656.940.830.240.59
FOREXFOREX 37726813771.0951.120.960.370.59
ThailandSET 28519412068.0761.860.730.140.58
USFOREX 47233518970.9756.420.740.170.57
PhilippinesPSE 2421619766.5360.250.710.150.57
Vietnam HOSE 2121428666.9860.560.720.150.56
USPREFERRED 39552492114063.0145.750.950.390.56
IndonesiaIDX 1741056860.3464.760.730.180.55
BangladeshDSE 2411497861.8352.350.680.170.50
SwedenSTOCKHOLM 28320311671.7357.140.770.280.49
SingaporeSGX 27419310570.4454.400.540.170.37
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 bulls.com© family websites

Disclaimers:

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 Americanbulls.com LLC, nor Candlesticker.com makes any claims whatsoever regarding past or future performance. All examples, charts, histories, tables, commentaries, or recommendations are for educational or informational purposes only.

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