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 1/1/2019
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
JapanSAPPORO 2010850.0080.005.900.305.60
OmanMSM 134944873.1348.983.440.912.53
RussiaMICEX 41629217370.1959.252.150.451.70
PortugalLISBON 48331218664.6059.621.350.291.05
ChileBCS 78052133266.7963.721.160.240.92
SpainIBEX 59438121764.1456.961.190.290.90
MexicoBMV 63547329974.4963.211.170.300.88
CanadaTSX 51437523472.9662.401.120.250.86
Greece ATHENS 46429417163.3658.161.190.330.86
BrazilBOVESPA 45330417367.1156.911.300.510.79
Poland GPW 51734119465.9656.891.030.270.76
UAEUAE 71751530571.8359.220.940.200.74
TurkeyBIST 45925915056.4357.921.080.380.70
UKLSE 67045225567.4656.420.920.220.70
GermanyXETRA 43727515462.9356.001.010.320.69
IsraelTASE 48935020871.5759.430.950.260.69
Austria WIENERBORSE 41025714362.6855.641.050.360.69
JapanTOKYO 52434219365.2756.430.960.290.67
USFOREX 88161034869.2457.050.840.180.66
FrancePARIS 46328915962.4255.021.020.360.66
ItalyBORSA 46328915962.4255.021.010.360.65
NetherlandsAMSTERDAM 49331417563.6955.730.950.300.65
BelgiumBRUSSELS 49331417563.6955.730.950.300.65
TaiwanGTSM 42027615865.7157.250.830.190.64
Hong KongHKEX 43732819175.0658.230.820.190.63
IndiaNSE 38227516171.9958.550.820.200.63
FOREXFOREX 75355428473.5751.260.950.350.60
NorwayOSE 48933218367.8955.120.850.250.59
AustraliaASX 53640223775.0058.960.820.240.58
ChinaSSE 40327416667.9960.580.790.210.58
PakistanKSE 58836119361.3953.460.910.350.57
ArgentinaBUE 43727015061.7855.560.960.400.56
MalaysiaBURSA 41926114062.2953.640.850.300.55
SwitzerlandSIX 45731016167.8351.940.820.300.52
DenmarkCOPENHAGEN 46330316965.4455.780.760.250.51
South KoreaKOSDAQ 61941224066.5658.250.760.260.50
Vietnam HOSE 43130117169.8456.810.750.250.50
PhilippinesPSE 49935218670.5452.840.680.240.43
ThailandSET 60640723167.1656.760.610.180.43
IndonesiaIDX 34222012164.3355.000.770.350.42
SwedenSTOCKHOLM 56139020369.5252.050.680.280.40
SingaporeSGX 53535419366.1754.520.540.190.34
BangladeshDSE 60240118166.6145.140.590.290.29
PortugalLISBON 608241368.593.120.170.040.13
JapanNAGOYA 6876357.930.750.130.010.12
JapanFUKUOKA 15811562.035.100.080.030.04
The World 1107377226851292868.311.710.050.020.03
DenmarkCOPENHAGEN 3171251565.590.720.040.010.03
NorwayOSE 548514867.070.220.030.010.02
EgyptEGX 301614973.970.400.020.010.02
USAMEX 1084311665.760.080.010.000.01
Vietnam HOSE 684217865.070.180.020.010.01
KuwaitKSE 118314569.990.600.020.020.01
IsraelTASE 1126013671.960.070.010.000.01
TaiwanGTSM 1902415869.340.060.010.000.01
PhilippinesPSE 41386467.860.140.010.010.01
BangladeshDSE 77797573.470.090.010.000.00
UAEUAE 7353161.220.220.010.000.00
SwedenSTOCKHOLM 20841241868.590.130.000.000.00
UKLSE 40904231468.480.050.000.000.00
ThailandSET 165539564.240.050.000.000.00
ItalyBORSA 19740261769.550.120.000.000.00
TurkeyBIST 1453114966.950.090.000.000.00
TaiwanTWSE 29371201366.660.070.000.000.00
USPREFERRED 62536263.650.050.000.000.00
IndiaBSE 62028322372.410.050.000.000.00
USNASDAQ 68880201368.640.030.000.000.00
RussiaMICEX 50287168.910.030.000.000.00
JapanTOKYO 83256231466.990.030.000.000.00
MalaysiaBURSA 123702265.580.020.000.000.00
FrancePARIS 1734510568.010.040.000.000.00
South KoreaKRX 309103267.980.010.000.000.00
IndonesiaIDX 110893268.600.030.000.000.00
ChinaSSE 33978141068.650.040.000.000.00
USNYSE 79946231366.260.020.000.000.00
IndiaNSE 50340241273.130.030.000.000.00
NetherlandsAMSTERDAM 55545368.870.080.000.000.00
CanadaTSX 2577911566.320.030.000.000.00
AustraliaASX 2450514464.930.030.000.000.00
Vietnam HNX 22600062.650.000.000.000.00
USWARRANTS 7280072.800.000.000.000.00
SingaporeSGX 47860062.260.000.000.000.00
JordanASE 3250056.920.000.000.000.00
South KoreaKOSDAQ 355011070.340.000.000.000.00
MexicoBMV 44880068.290.000.000.000.00
Saudi ArabiaTADAWUL 48270071.040.000.000.000.00
SpainIBEX 29350069.740.000.000.000.00
Greece ATHENS 18740068.360.000.000.000.00
ChileBCS 15800068.350.000.000.000.00
SwitzerlandSIX 90930066.160.000.000.000.00
ChinaSZSE 473520069.190.000.000.000.00
Austria WIENERBORSE 11700069.660.000.000.000.00
ArgentinaBUE 35860066.090.000.000.000.00
BrazilBOVESPA 143610066.880.000.000.000.00
BelgiumBRUSSELS 24730068.380.000.000.000.00
CanadaCSE 20300072.120.000.000.000.00
CanadaTSX-V 62970071.270.000.000.000.00
Poland GPW 80667367.360.060.000.000.00
GermanyXETRA 305884268.500.010.000.000.00
Hong KongHKEX 295946067.820.000.000.000.00
QatarQE 7732167.530.190.000.000.00
USOTC PINK 277184169.910.010.000.000.00
PakistanKSE 52842173.730.030.000.000.00
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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