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 1/1/2017
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 107376948271.6762.689.552.986.58
JapanSAPPORO 2010850.0080.005.900.305.60
USWARRANTS 122814366.3953.098.354.264.09
USOTC PINK 2365815994871968.8953.506.702.953.76
IndonesiaIDX 79305458308968.8356.604.111.083.03
PakistanKSE 53093894227473.3558.404.371.402.97
Hong KongHKEX 29028197871088968.1955.014.161.282.88
IndiaNSE 43142317561831273.6557.644.161.312.85
IndiaBSE 52415381562144972.8756.164.341.572.76
Vietnam HNX 1611100153962.1453.854.011.292.72
South KoreaKOSDAQ 33766239621415070.9659.053.961.292.67
NorwayOSE 42912833151866.0253.584.011.372.64
ChinaSZSE 35179244931363369.6355.663.941.322.62
EgyptEGX 26071924107973.8056.083.981.412.58
Poland GPW 71404773269366.9056.373.971.432.54
OmanMSM 134944873.1348.983.440.932.51
ChinaSSE 2400116539908568.9154.933.641.162.49
Saudi ArabiaTADAWUL 43533034172969.7056.993.310.862.45
UKLSE 36278242781329167.0754.623.370.972.40
KuwaitKSE 86055231264.1956.523.451.062.39
ArgentinaBUE 2040134572965.9354.203.861.512.35
USNASDAQ 60925409232191567.2253.513.771.432.34
PhilippinesPSE 39492690151268.1256.213.270.972.30
TaiwanGTSM 1765712321707669.7857.433.190.912.28
SwedenSTOCKHOLM 1707411496623067.3454.193.591.352.23
TurkeyBIST 132518783471466.2853.673.411.212.20
BangladeshDSE 68904859278570.5257.323.331.142.19
SpainIBEX 29742077120469.8457.973.221.062.16
IsraelTASE 77385552304671.7654.853.251.132.12
FrancePARIS 1573810746600768.4055.802.970.872.10
South KoreaKRX 28446192661102267.8457.123.121.032.09
MalaysiaBURSA 104076798351765.3251.743.331.272.06
JordanASE 36322712962.5356.832.850.792.05
ThailandSET 145789470477365.0350.353.131.102.04
CanadaTSX-V 44793108152669.4449.075.163.181.98
JapanNAGOYA 67140120659.7651.373.101.211.89
PortugalLISBON 59143724173.9455.152.951.081.87
USAMEX 86045568272364.7148.903.281.421.86
Vietnam HOSE 56563706201065.5254.242.981.131.86
The World 95340864753834953667.9953.923.251.391.86
QatarQE 72447427465.4757.812.510.751.76
UAEUAE 72946323763.5151.192.801.051.75
TaiwanTWSE 2755318543987267.3053.242.580.861.72
Greece ATHENS 133387943265.9449.153.401.701.71
ChileBCS 1731118270068.2859.222.170.531.64
DenmarkCOPENHAGEN 2724177689865.2050.562.641.001.63
JapanTOKYO 80407534032797666.4252.392.721.111.61
MexicoBMV 38192624135668.7151.682.611.001.61
BrazilBOVESPA 91195890290464.7449.192.821.221.60
AustraliaASX 1948012377593363.5947.903.241.641.60
RussiaMICEX 42122859149167.8852.152.570.991.57
Austria WIENERBORSE 50534018367.3353.822.881.311.56
CanadaTSX 2482116376830365.9850.702.631.091.54
ItalyBORSA 1716511953613169.9051.102.290.861.43
BelgiumBRUSSELS 2452162486066.2352.962.280.861.41
GermanyXETRA 2370016229821768.6050.542.240.871.37
NetherlandsAMSTERDAM 47433255169768.6352.142.090.711.37
USNYSE 75103493962451065.8049.602.280.951.33
SingaporeSGX 49703049137961.3545.232.451.141.31
PortugalLISBON 37324815866.4963.711.440.221.21
JapanFUKUOKA 130784060.0051.281.900.711.19
ChileBCS 55537624567.7565.161.250.181.07
SpainIBEX 46230218065.3759.601.260.251.01
SwitzerlandSIX 77335047236665.2746.881.740.790.95
Greece ATHENS 34522113764.0661.991.180.260.92
MexicoBMV 47635523074.5864.791.150.280.87
BrazilBOVESPA 34022913067.3556.771.340.480.86
TurkeyBIST 35119111654.4260.731.190.320.86
USPREFERRED 62483839162961.4442.431.420.560.86
CanadaTSX 39728317871.2862.901.120.270.86
RussiaMICEX 31221611669.2353.701.280.440.84
Austria WIENERBORSE 30719811764.5059.091.110.290.81
GermanyXETRA 33321512664.5658.601.070.270.80
JapanTOKYO 40126015564.8459.621.010.230.78
TaiwanGTSM 30219211363.5858.850.950.180.78
FrancePARIS 35122412963.8257.591.060.300.76
ItalyBORSA 35122412963.8257.591.060.300.75
UAEUAE 54639423672.1659.900.930.190.75
NetherlandsAMSTERDAM 38224814464.9258.060.990.260.73
BelgiumBRUSSELS 38224814464.9258.060.990.260.73
UKLSE 47932718968.2757.800.950.250.70
ArgentinaBUE 33321012463.0659.051.040.380.66
Hong KongHKEX 31724114576.0360.170.820.170.66
IsraelTASE 36826516072.0160.380.910.260.65
MalaysiaBURSA 32420512163.2759.020.880.240.64
ChinaSSE 30921212768.6159.910.790.160.63
AustraliaASX 38429317676.3060.070.820.200.61
NorwayOSE 38225514866.7558.040.870.260.61
South KoreaKOSDAQ 45630818767.5460.710.820.220.61
Poland GPW 35622813064.0457.020.850.260.59
IndiaNSE 29621112171.2857.350.750.170.59
PakistanKSE 40524413460.2554.920.840.290.55
DenmarkCOPENHAGEN 34722813165.7157.460.750.210.53
USFOREX 68247726069.9454.510.730.190.53
SwitzerlandSIX 34523312267.5452.360.850.320.53
ThailandSET 45231418669.4759.240.670.170.50
FOREXFOREX 54840419873.7249.010.880.390.50
Vietnam HOSE 33222913068.9856.770.660.170.48
PhilippinesPSE 37225614068.8254.690.660.190.47
IndonesiaIDX 2631719865.0257.310.720.270.45
SwedenSTOCKHOLM 44931717170.6053.940.690.280.42
BangladeshDSE 41526912364.8245.720.550.250.31
SingaporeSGX 41929014769.2150.690.450.200.25
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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