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 1/1/2020
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 43929817767.8859.402.090.451.64
PortugalLISBON 50032219264.4059.631.320.291.03
ChileBCS 80354235067.5064.581.220.240.97
SpainIBEX 62240223064.6357.211.190.290.91
MexicoBMV 65048430674.4663.221.180.300.88
CanadaTSX 53038824073.2161.861.110.260.85
Greece ATHENS 48130517863.4158.361.170.330.85
BrazilBOVESPA 46531518167.7457.461.310.500.82
Poland GPW 52835020266.2957.711.020.270.76
UAEUAE 75153131270.7158.760.930.210.72
UKLSE 70347627367.7157.350.940.220.72
Austria WIENERBORSE 42526614962.5956.021.080.360.71
TurkeyBIST 47726815456.1857.461.080.400.68
GermanyXETRA 45428516062.7856.140.990.310.68
PakistanKSE 60937219961.0853.491.030.350.67
FrancePARIS 48230116662.4555.151.030.360.67
IsraelTASE 51036721671.9658.860.950.270.67
ItalyBORSA 48230116662.4555.151.030.360.67
JapanTOKYO 54835820365.3356.700.940.290.65
Hong KongHKEX 46234219874.0357.890.830.190.64
USFOREX 92463436068.6156.780.820.180.63
BelgiumBRUSSELS 51032518263.7356.000.930.290.63
NetherlandsAMSTERDAM 51032518263.7356.000.930.290.63
IndiaNSE 39728516471.7957.540.800.200.60
TaiwanGTSM 43628816466.0656.940.810.210.60
FOREXFOREX 79057929673.2951.120.920.340.58
AustraliaASX 55041624675.6459.130.810.240.57
NorwayOSE 50734018567.0654.410.830.270.56
ChinaSSE 42228417167.3060.210.770.220.55
South KoreaKOSDAQ 64843825967.5959.130.800.260.55
MalaysiaBURSA 43527014662.0754.070.830.290.53
ArgentinaBUE 45427815261.2354.680.930.420.51
Vietnam HOSE 45031217769.3356.730.750.250.50
DenmarkCOPENHAGEN 47931117364.9355.630.740.250.49
SwitzerlandSIX 48632916867.7051.060.780.310.47
ThailandSET 64543425067.2957.600.640.180.45
SwedenSTOCKHOLM 57740120969.5052.120.690.270.42
PhilippinesPSE 52336519469.7953.150.670.250.41
IndonesiaIDX 35922812663.5155.260.750.350.39
SingaporeSGX 56537820966.9055.290.540.190.36
BangladeshDSE 63341718665.8844.600.630.300.33
PortugalLISBON 518221269.313.340.210.030.18
JapanFUKUOKA 14110663.126.740.090.030.06
The World 1003125230881316768.181.930.060.020.04
DenmarkCOPENHAGEN 2854211465.700.750.040.010.04
KuwaitKSE 12239767.540.850.030.000.03
NorwayOSE 519014866.650.230.030.010.03
Vietnam HOSE 6119191064.550.250.030.010.02
EgyptEGX 2916141072.090.480.020.010.02
USAMEX 1007810665.590.090.020.000.01
IsraelTASE 1080213672.260.080.010.000.01
BangladeshDSE 67166573.720.100.010.000.01
TaiwanGTSM 1689215768.890.060.010.000.01
PhilippinesPSE 34986466.900.170.010.010.01
RussiaMICEX 50028366.930.090.010.000.00
TurkeyBIST 13433171167.280.120.010.000.00
UAEUAE 7243162.850.220.010.000.00
SwedenSTOCKHOLM 19297211668.490.120.000.000.00
ItalyBORSA 18283271669.350.130.000.000.00
UKLSE 3746516968.630.040.000.000.00
ThailandSET 1511310563.590.050.010.000.00
USPREFERRED 62396263.730.050.000.000.00
USNASDAQ 62909181268.670.030.000.000.00
JapanTOKYO 73180201267.360.020.000.000.00
FrancePARIS 157609567.890.050.000.000.00
IndiaBSE 56975231772.590.040.000.000.00
SingaporeSGX 40104262.820.080.000.000.00
South KoreaKRX 276913268.450.010.000.000.00
IndonesiaIDX 107183268.560.030.000.000.00
South KoreaKOSDAQ 315824369.860.010.000.000.00
NetherlandsAMSTERDAM 50705368.700.090.000.000.00
TaiwanTWSE 2575318866.360.050.000.000.00
AustraliaASX 2339416564.850.030.000.000.00
IndiaNSE 4605522973.130.030.000.000.00
CanadaTSX 2294111565.900.030.000.000.00
Vietnam HNX 19850062.270.000.000.000.00
Poland GPW 74234266.900.040.000.000.00
USWARRANTS 7260072.040.000.000.000.00
USNYSE 7370514565.890.010.000.000.00
ChinaSZSE 445030069.050.000.000.000.00
ChinaSSE 362168469.350.020.000.000.00
ChileBCS 12850070.510.000.000.000.00
SwitzerlandSIX 83460065.980.000.000.000.00
GermanyXETRA 289764268.370.010.000.000.00
SpainIBEX 25690068.240.000.000.000.00
Greece ATHENS 17070068.540.000.000.000.00
Austria WIENERBORSE 11730069.820.000.000.000.00
ArgentinaBUE 37790064.780.000.000.000.00
BrazilBOVESPA 137260067.380.000.000.000.00
BelgiumBRUSSELS 22610068.380.000.000.000.00
CanadaCSE 18860072.270.000.000.000.00
CanadaTSX-V 59230070.990.000.000.000.00
MalaysiaBURSA 106940064.830.000.000.000.00
MexicoBMV 41180068.330.000.000.000.00
Saudi ArabiaTADAWUL 46230069.220.000.000.000.00
JapanNAGOYA 5500059.450.000.000.000.00
JordanASE 2450056.330.000.000.000.00
QatarQE 6792167.750.220.000.000.00
PakistanKSE 46702173.300.030.000.000.00
Hong KongHKEX 259697067.870.000.000.000.00
USOTC PINK 188411069.880.000.000.000.00
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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