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 28171060.7158.828.711.766.94
CanadaCSE 71851431072.1459.858.993.145.85
JapanSAPPORO 2010850.0080.005.900.305.60
USOTC PINK 135549425523069.8955.216.832.903.93
PakistanKSE 31452400147376.3161.384.861.243.61
Vietnam HNX 108568337262.9554.474.311.263.05
OmanMSM 97704272.1660.004.041.172.87
IndiaNSE 27107202131186774.6558.644.051.192.86
South KoreaKOSDAQ 2056214656885171.4060.294.001.152.85
IndiaBSE 32560239781363273.6556.844.171.422.75
Poland GPW 39112642150667.9656.663.681.062.62
EgyptEGX 1486108962073.2856.933.681.292.39
Hong KongHKEX 1752211851643667.8154.173.581.202.37
CanadaTSX-V 32132174109168.1349.845.272.912.36
USNASDAQ 37224249811347367.4553.663.631.272.36
IndonesiaIDX 49753414189068.6255.363.391.072.32
TurkeyBIST 81695520302667.5754.823.300.992.32
ArgentinaBUE 101270338370.9553.343.541.272.28
ChinaSZSE 1989313908769569.9155.333.451.182.27
KuwaitKSE 49332518965.9258.153.371.112.26
Saudi ArabiaTADAWUL 2268166096673.1958.193.020.822.20
PortugalLISBON 33724013071.2254.172.950.842.11
NorwayOSE 2559170586366.7850.503.411.332.08
ChinaSSE 132599021495268.0454.893.101.052.05
SwedenSTOCKHOLM 103286980376967.5854.003.221.182.05
South KoreaKRX 1816212275714067.6558.112.900.852.04
TaiwanGTSM 104877351413870.1056.292.900.872.03
IsraelTASE 42823092171172.2155.343.031.032.00
UKLSE 2199014719779866.9752.952.930.951.98
MalaysiaBURSA 57343780197665.9252.283.041.081.96
UAEUAE 42026713663.5750.942.971.011.96
The World 56539538601320804968.3553.843.011.081.93
USAMEX 50423408168967.5949.563.331.411.92
Vietnam HOSE 33612244123066.7754.812.971.061.92
QatarQE 40428116269.5557.652.700.831.87
ThailandSET 89425790286264.7649.422.841.021.82
JordanASE 2561588661.7254.432.961.151.81
FrancePARIS 91406251352768.4456.392.600.801.80
BangladeshDSE 45643188175069.8554.892.881.131.75
SpainIBEX 1809127572670.4856.942.741.011.73
PhilippinesPSE 2555173492567.8753.342.700.991.72
RussiaMICEX 2619180897869.3453.852.470.841.63
MexicoBMV 2210153281369.3253.072.390.901.49
JapanTOKYO 46940313641637566.8252.212.571.091.47
AustraliaASX 116327473354864.2747.462.941.491.45
DenmarkCOPENHAGEN 1512100049966.1449.902.370.961.42
TaiwanTWSE 1618210944571067.6352.172.210.801.40
JapanNAGOYA 41724912659.7150.602.751.351.40
CanadaTSX 1527010139508466.4050.142.350.991.37
Greece ATHENS 83454226264.9948.342.861.501.36
BelgiumBRUSSELS 140191947665.6051.802.040.771.27
USNYSE 46851312721548866.8149.482.060.831.23
ItalyBORSA 100646986350769.4650.172.030.861.17
BrazilBOVESPA 51413329157764.9747.222.371.211.16
SingaporeSGX 2909180879862.1544.142.231.081.15
BrazilBOVESPA 25718011170.0461.671.490.391.11
Austria WIENERBORSE 69344022163.4950.232.070.971.10
PortugalLISBON 29620012767.5763.501.260.191.07
JapanFUKUOKA 107653260.7549.231.580.521.06
ChileBCS 2037137977667.7056.271.550.501.05
GermanyXETRA 135309121463767.4950.781.840.791.05
NetherlandsAMSTERDAM 2723184896467.8752.161.690.661.02
SpainIBEX 36924614866.6760.161.190.220.97
CanadaTSX 31222414671.7965.181.160.200.96
ChileBCS 41228118268.2064.771.110.160.95
TurkeyBIST 28716910158.8959.761.200.330.87
Greece ATHENS 27517611064.0062.501.050.210.84
RussiaMICEX 2271588869.6055.701.230.410.83
MexicoBMV 36926816972.6363.061.130.300.83
SwitzerlandSIX 46133028141465.6446.701.530.730.80
MalaysiaBURSA 2411499361.8362.420.930.180.75
UAEUAE 42131019473.6362.580.950.200.75
JapanTOKYO 31520512765.0861.950.990.240.74
Austria WIENERBORSE 2431589565.0260.130.970.230.73
UKLSE 39327015768.7058.150.990.260.73
ArgentinaBUE 25617510968.3662.291.090.370.73
GermanyXETRA 26117010265.1360.000.940.220.72
TaiwanGTSM 2431599465.4359.120.890.180.72
ItalyBORSA 27717710563.9059.320.950.240.71
FrancePARIS 27717710563.9059.320.950.240.71
SwitzerlandSIX 2611659663.2258.180.950.270.68
IsraelTASE 28720613071.7863.110.920.230.68
NetherlandsAMSTERDAM 30019911866.3359.300.860.210.65
BelgiumBRUSSELS 30019911866.3359.300.860.210.65
Hong KongHKEX 24219012178.5163.680.800.170.63
PakistanKSE 29317810560.7558.990.890.260.62
AustraliaASX 29822114074.1663.350.810.190.62
ChinaSSE 2411679769.2958.080.750.150.60
ThailandSET 33823414869.2363.250.720.130.59
IndiaNSE 2351679671.0657.490.700.130.57
NorwayOSE 29519811467.1257.580.800.240.57
FOREXFOREX 43631316471.7952.400.940.370.56
Poland GPW 28217110660.6461.990.790.230.56
DenmarkCOPENHAGEN 25817510267.8358.290.760.210.55
USFOREX 54338222070.3557.590.720.180.54
South KoreaKOSDAQ 37325214967.5659.130.760.230.53
PhilippinesPSE 29419511566.3358.970.670.150.52
Vietnam HOSE 25116710166.5360.480.670.150.52
IndonesiaIDX 2081348164.4260.450.630.220.41
SwedenSTOCKHOLM 33424013071.8654.170.680.280.41
USPREFERRED 3889238298661.2541.390.820.440.38
BangladeshDSE 3041939363.4948.190.580.220.36
SingaporeSGX 32222411669.5751.790.490.180.30
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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