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 1/1/2016
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
USWARRANTS 2214863.6457.148.431.936.50
JapanSAPPORO 2010850.0080.005.900.305.60
CanadaCSE 61242725570.4259.168.653.485.18
USOTC PINK 120238307459269.3555.076.813.043.77
PakistanKSE 29562241134075.8159.794.511.263.25
Vietnam HNX 106367335863.3153.194.171.292.88
Poland GPW 35682404136167.7156.333.741.092.66
South KoreaKOSDAQ 1899813409798570.6459.503.781.172.61
USAMEX 32612227116768.2952.404.301.702.60
IndiaNSE 25189187341077574.4157.493.821.232.59
OmanMSM 87653974.7160.003.801.232.57
KuwaitKSE 43427916664.2959.503.581.032.55
IndiaBSE 30445223031240673.2755.613.911.462.45
TurkeyBIST 73384987273667.9654.863.330.972.35
USNASDAQ 34198229331239267.1553.963.611.272.34
ArgentinaBUE 92565635471.1453.803.561.272.29
Hong KongHKEX 1629610939588067.2353.673.421.212.21
IndonesiaIDX 44283051168368.9055.163.261.052.21
EgyptEGX 1391102957973.9856.273.491.322.17
Saudi ArabiaTADAWUL 2101153988873.2557.702.980.832.16
NorwayOSE 2306153578866.5751.343.421.312.11
CanadaTSX-V 30682069101867.4449.205.143.042.10
TaiwanGTSM 94706611373369.8156.472.880.872.01
IsraelTASE 38532759152671.6155.313.011.031.98
ChinaSZSE 1742912063652169.2154.063.181.201.98
UAEUAE 39925813464.6651.942.971.001.97
SwedenSTOCKHOLM 92906276336367.5653.593.101.151.96
UKLSE 1988213230699366.5652.852.920.971.96
PortugalLISBON 30621611470.5952.782.800.861.94
Vietnam HOSE 30942070112866.9054.493.031.101.93
MalaysiaBURSA 51953408176565.6051.793.001.081.92
South KoreaKRX 1642410994630566.9457.352.730.861.87
The World 51256434869818662168.0653.502.931.101.83
JordanASE 2441507961.4852.672.991.181.81
QatarQE 35024014068.5758.332.630.831.80
ThailandSET 80575215258564.7349.572.781.021.75
BangladeshDSE 40722871158970.5155.352.881.131.74
FrancePARIS 81235573315868.6156.672.550.811.73
ChinaSSE 115447705407166.7452.842.781.081.70
PhilippinesPSE 2323158583868.2352.872.691.021.68
RussiaMICEX 2353163088069.6153.722.470.861.62
SpainIBEX 1691118765470.2055.102.621.051.58
JapanNAGOYA 39723311758.6950.212.861.401.46
MexicoBMV 2079143776569.1253.242.330.901.43
JapanTOKYO 42710283401468666.3551.822.521.111.42
TaiwanTWSE 145699843516667.5652.482.210.801.41
AustraliaASX 106156802322564.1147.392.891.481.41
CanadaTSX 139569215458966.0349.802.320.981.34
DenmarkCOPENHAGEN 137190244965.7949.782.290.961.33
BrazilBOVESPA 46133012144065.2947.812.471.211.26
Greece ATHENS 76649324064.3648.682.751.511.24
BelgiumBRUSSELS 126182342365.2751.402.010.781.23
JapanFUKUOKA 95573060.0052.631.700.491.21
USNYSE 42841284841404666.4949.312.000.841.16
BrazilBOVESPA 23816910671.0162.721.540.391.15
Austria WIENERBORSE 58236118062.0349.862.080.931.15
PortugalLISBON 27619112369.2064.401.310.181.13
SingaporeSGX 2716168474862.0044.422.191.071.12
ItalyBORSA 89676220313269.3750.351.990.871.11
CanadaTSX 28320113271.0265.671.200.191.01
SpainIBEX 34523314267.5460.941.220.211.01
ChileBCS 38426517569.0166.041.150.160.99
ChileBCS 107271440366.6056.441.490.500.98
NetherlandsAMSTERDAM 2437166487368.2852.461.660.690.96
GermanyXETRA 118538044405867.9550.381.770.810.96
RussiaMICEX 2071438269.0857.341.330.410.92
MexicoBMV 33324315872.9765.021.190.280.91
Greece ATHENS 25716910765.7663.311.070.200.86
UKLSE 34123414468.6261.541.090.240.86
TurkeyBIST 2461559363.0160.001.170.340.83
ArgentinaBUE 2251549768.4462.991.080.270.81
MalaysiaBURSA 2291429162.0164.080.970.180.80
UAEUAE 39029118374.6262.890.990.210.78
TaiwanGTSM 2211448765.1660.420.950.180.77
Austria WIENERBORSE 2281529366.6761.180.990.220.77
GermanyXETRA 2441629966.3961.110.980.220.76
ItalyBORSA 25916910265.2560.360.980.240.75
FrancePARIS 25916910265.2560.360.980.240.75
JapanTOKYO 28318711666.0862.030.990.250.74
SwitzerlandSIX 40722666123065.4746.141.440.730.71
NetherlandsAMSTERDAM 28118811566.9061.170.900.200.70
BelgiumBRUSSELS 28118811566.9061.170.900.200.70
SwitzerlandSIX 2471538761.9456.860.960.270.69
AustraliaASX 26819812573.8863.130.860.190.68
ChinaSSE 2191529269.4160.530.810.140.67
Hong KongHKEX 21816910777.5263.310.830.170.67
IsraelTASE 27019512272.2262.560.900.240.66
DenmarkCOPENHAGEN 2381629868.0760.490.800.180.62
IndiaNSE 2131549072.3058.440.750.120.62
Poland GPW 26015710160.3864.330.830.210.62
NorwayOSE 26317410366.1659.200.840.240.60
PakistanKSE 2521498759.1358.390.830.230.60
South KoreaKOSDAQ 34923614467.6261.020.800.200.59
ThailandSET 30220412667.5561.760.720.140.58
Vietnam HOSE 2241488966.0760.140.720.160.57
FOREXFOREX 40128314370.5750.530.950.400.55
USFOREX 49935520171.1456.620.730.190.54
PhilippinesPSE 25817310167.0558.380.680.160.52
IndonesiaIDX 1851187463.7862.710.690.210.48
SwedenSTOCKHOLM 29721211871.3855.660.740.290.45
BangladeshDSE 2671688562.9250.600.630.190.43
USPREFERRED 3376207889661.5543.120.870.440.43
SingaporeSGX 29420611170.0753.880.520.170.36
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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