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 1/1/2014
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
USOTC PINK 84325765353968.5861.208.141.996.15
JapanSAPPORO 2010850.0080.005.900.305.60
CanadaCSE 1461055971.9256.197.983.354.63
ChinaSZSE 117188039515968.6064.175.411.034.38
ChinaSSE 74204985311867.1862.555.200.994.21
USWARRANTS 108714865.7467.614.930.804.13
Hong KongHKEX 142019706577468.3559.494.761.143.62
Saudi ArabiaTADAWUL 1997140894170.5166.834.280.693.59
PakistanKSE 27012006127574.2763.564.501.113.40
South KoreaKOSDAQ 1541611143743472.3566.654.250.973.28
NorwayOSE 1868125574167.5158.764.341.103.25
QatarQE 28918413663.6773.913.510.383.14
IndiaBSE 25743185611142072.1061.534.211.252.95
TaiwanGTSM 79405580360870.2864.663.600.672.92
IndiaNSE 1955514172893172.5162.983.911.042.87
USAMEX 34852292135466.0358.843.961.122.84
IndonesiaIDX 30482160123770.8757.273.770.942.82
Poland GPW 32672155133266.2161.583.600.862.74
UKLSE 1613610608647265.7561.003.390.712.68
South KoreaKRX 127378712561568.4564.413.310.762.55
OmanMSM 61482478.6950.003.651.102.54
RussiaMICEX 1777121073168.0960.413.260.762.50
SpainIBEX 1455100364368.9364.113.210.722.49
ArgentinaBUE 64244128268.6963.953.390.912.49
USNASDAQ 35230236251403667.1659.323.340.852.48
CanadaTSX-V 1923126764165.8950.594.782.362.42
KuwaitKSE 37122312260.1154.713.711.312.40
UAEUAE 40527416868.1560.873.240.862.38
The World 42644728858117161167.7159.433.250.882.37
PhilippinesPSE 1737118372168.5160.593.050.742.31
EgyptEGX 121384247369.4156.183.611.312.30
IsraelTASE 29232104129671.9861.603.100.882.22
Vietnam HNX 95359430462.3351.183.771.572.21
TaiwanTWSE 119768136486567.9459.802.860.672.19
BrazilBOVESPA 33812172126064.4857.803.100.932.17
PortugalLISBON 28621512775.1759.073.171.112.06
Vietnam HOSE 2277149283265.5255.763.111.052.06
SwedenSTOCKHOLM 66304357247965.7856.842.920.961.96
BangladeshDSE 31402180128169.4358.762.961.031.93
ItalyBORSA 75615320315870.3659.362.600.681.92
AustraliaASX 81725298282764.9353.283.091.211.88
ThailandSET 65884321217565.5950.342.881.011.87
TurkeyBIST 56943868211167.9354.582.780.921.86
FrancePARIS 66944619279669.0060.532.520.691.83
JordanASE 2571729166.9352.912.941.131.81
CanadaTSX 118557782434265.6455.802.630.841.79
JapanNAGOYA 3121869459.6250.542.650.891.76
BelgiumBRUSSELS 115476746066.4659.972.370.641.74
Greece ATHENS 50631016461.2652.903.101.361.74
USNYSE 30285200171155166.1257.692.350.661.70
RussiaMICEX 1551096370.3257.802.210.531.68
SingaporeSGX 2558159777262.4348.342.641.021.63
PortugalLISBON 1911289067.0270.311.740.141.60
ChileBCS 86359039268.3766.441.910.321.59
MalaysiaBURSA 42962784140164.8050.322.611.061.55
DenmarkCOPENHAGEN 117975442663.9556.502.260.731.54
JapanTOKYO 34996227151240764.9154.622.480.981.51
MexicoBMV 1666112365667.7158.162.180.731.45
Austria WIENERBORSE 41024514959.7660.822.020.581.44
NetherlandsAMSTERDAM 1956133377968.1558.441.950.561.39
SpainIBEX 24515810664.4967.091.560.201.36
GermanyXETRA 92976409369169.1857.382.030.671.36
BrazilBOVESPA 22914910265.0768.461.600.361.25
Greece ATHENS 1961228062.2465.571.420.201.22
Austria WIENERBORSE 1771147064.4161.401.300.201.10
ArgentinaBUE 2011308864.6867.691.280.191.08
FrancePARIS 1961237762.7662.601.280.241.03
ItalyBORSA 1961237762.7662.601.280.241.03
SwitzerlandSIX 1781076860.1163.551.240.221.02
JapanTOKYO 2041368966.6765.441.210.211.00
GermanyXETRA 1841217365.7660.331.160.200.96
PakistanKSE 136895565.4461.801.040.130.91
MalaysiaBURSA 1761147664.7766.671.040.150.89
UKLSE 24917611270.6863.641.110.220.89
ChileBCS 25418011770.8765.001.080.200.88
NetherlandsAMSTERDAM 2061358665.5363.701.080.210.87
BelgiumBRUSSELS 2061358665.5363.701.080.210.87
SwitzerlandSIX 33322189112565.7051.391.490.630.86
IsraelTASE 2181579772.0261.781.130.280.85
UAEUAE 44332919474.2758.971.030.200.83
CanadaTSX 22816610672.8163.861.040.210.83
NorwayOSE 2011288563.6866.411.020.200.83
AustraliaASX 21015610374.2966.031.010.190.83
MexicoBMV 23516911271.9166.271.180.360.82
Hong KongHKEX 1441107276.3965.451.020.200.82
TaiwanGTSM 1591076067.3056.071.030.210.81
ChinaSSE 1621086766.6762.040.970.170.81
TurkeyBIST 1951247363.5958.871.070.320.75
USFOREX 43329716568.5955.560.920.180.74
Poland GPW 1901147460.0064.910.950.250.70
SwedenSTOCKHOLM 2061448869.9061.110.950.260.69
Vietnam HOSE 1551066468.3960.380.840.190.65
South KoreaKOSDAQ 25817910969.3860.890.870.220.64
FOREXFOREX 26918811169.8959.040.850.220.62
DenmarkCOPENHAGEN 1861226965.5956.560.830.210.61
USPREFERRED 3097189288861.0946.930.980.380.60
IndiaNSE 2181638874.7753.990.720.130.59
ThailandSET 2161499068.9860.400.710.130.58
BangladeshDSE 1861246366.6750.810.760.190.57
IndonesiaIDX 1691056762.1363.810.730.180.55
JapanFUKUOKA 73401854.7945.001.200.730.48
PhilippinesPSE 1811246768.5154.030.670.210.46
SingaporeSGX 2291628870.7454.320.600.160.44
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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