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 1/1/2015
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 40128617371.3260.499.852.707.15
USOTC PINK 126538652539768.6362.157.992.015.98
JapanSAPPORO 2010850.0080.005.900.305.60
ChinaSZSE 1727812090801369.9766.285.230.914.32
ChinaSSE 109697571489369.0264.634.930.854.08
USWARRANTS 130855365.3862.354.621.043.59
Hong KongHKEX 1891212986783368.6760.324.671.083.58
PakistanKSE 34412567166374.6064.784.521.043.48
IndiaBSE 35024256911639373.3663.804.581.163.42
IndiaNSE 27459203611326274.1565.134.340.973.36
Saudi ArabiaTADAWUL 26101878126271.9567.203.970.653.32
South KoreaKOSDAQ 21179151921013671.7866.684.180.983.21
Poland GPW 41182722171966.4662.813.930.843.09
OmanMSM 91693875.8255.074.010.943.07
ArgentinaBUE 96367343969.8965.233.951.002.95
TaiwanGTSM 109527686499570.1864.993.610.662.95
IndonesiaIDX 44993171182670.4857.583.870.942.93
USNASDAQ 38132254601583866.8362.153.840.942.91
EgyptEGX 1620116270171.7360.334.011.212.79
NorwayOSE 2517168197367.0257.683.851.082.77
CanadaTSX-V 2875194299367.5851.115.222.492.73
USAMEX 47913192187466.6258.713.851.132.72
UKLSE 2196914551901466.2361.953.360.682.68
QatarQE 42228419767.3069.373.120.502.61
The World 56666138681223383568.2860.433.380.872.51
South KoreaKRX 1789112255790068.5064.463.240.742.50
Vietnam HNX 128280441562.7151.624.061.562.49
TurkeyBIST 80425394314067.0758.213.340.862.48
UAEUAE 50033420466.8061.083.260.842.42
KuwaitKSE 50731118061.3457.883.561.152.41
PhilippinesPSE 24981722103668.9460.163.130.752.37
RussiaMICEX 24111678102569.6861.013.100.742.36
SwedenSTOCKHOLM 96246428380066.7959.123.270.942.34
Vietnam HOSE 32882165129865.8559.953.300.972.33
BrazilBOVESPA 47553156186066.3758.943.190.882.31
SpainIBEX 1994140289370.3163.693.070.772.30
IsraelTASE 40982957183572.1662.063.140.862.28
Greece ATHENS 74847127162.9757.543.441.222.22
TaiwanTWSE 1658911296677868.0960.002.850.652.20
PortugalLISBON 37928116374.1458.013.111.002.11
BangladeshDSE 43323064183970.7360.023.070.972.10
ThailandSET 89395863302065.5951.512.980.982.00
MalaysiaBURSA 58633884203566.2552.392.991.041.95
AustraliaASX 115617518401665.0353.423.161.231.92
FrancePARIS 90986329390369.5661.672.570.651.92
JapanNAGOYA 48728816159.1455.902.971.061.92
ItalyBORSA 102107209426070.6159.092.500.661.84
JordanASE 31620711365.5154.592.821.011.81
BelgiumBRUSSELS 146195857865.5760.332.380.571.81
CanadaTSX 1579710452581366.2555.552.560.791.77
JapanTOKYO 48723320601793665.8055.952.620.941.69
Austria WIENERBORSE 60237322861.9661.132.260.601.66
SingaporeSGX 33472127103163.5548.472.600.961.64
ChileBCS 120280453966.8967.041.960.331.63
USNYSE 48547322441850566.4257.392.220.621.60
DenmarkCOPENHAGEN 1558101457565.0856.712.270.701.57
MexicoBMV 2261153889468.0258.132.290.741.54
NetherlandsAMSTERDAM 26691831109768.6059.912.030.521.51
GermanyXETRA 129998973523369.0358.322.100.641.45
PortugalLISBON 22915811269.0070.891.440.141.30
BrazilBOVESPA 2191529569.4162.501.570.381.18
SpainIBEX 29219212765.7566.151.360.191.17
CanadaTSX 25218112271.8367.401.250.181.07
Greece ATHENS 2241469965.1867.811.180.171.01
ChileBCS 33923114968.1464.501.130.180.96
SwitzerlandSIX 45753034160366.3252.831.560.610.95
MexicoBMV 29321013971.6766.191.200.260.94
Austria WIENERBORSE 1961298565.8265.891.120.190.92
UKLSE 28819912569.1062.811.140.220.92
GermanyXETRA 2081379065.8765.691.100.190.91
RussiaMICEX 1891287267.7256.251.340.430.91
ItalyBORSA 2231449364.5764.581.100.220.89
FrancePARIS 2231449364.5764.581.100.220.89
MalaysiaBURSA 2011268362.6965.871.040.170.87
TaiwanGTSM 1931257564.7760.001.030.180.85
BelgiumBRUSSELS 23916010566.9565.631.010.180.84
NetherlandsAMSTERDAM 23916010566.9565.631.010.180.84
UAEUAE 34025716075.5962.261.040.220.82
FOREXFOREX 35825714871.7957.591.070.260.81
SwitzerlandSIX 2151357962.7958.521.060.270.79
PakistanKSE 2081278061.0662.990.930.140.79
TurkeyBIST 2241428263.3957.751.140.370.77
JapanTOKYO 24616210665.8565.430.980.220.76
Poland GPW 2261288556.6466.410.960.220.74
DenmarkCOPENHAGEN 2051378966.8364.960.900.180.72
ArgentinaBUE 1951338568.2163.910.970.250.72
AustraliaASX 24718311774.0963.930.900.190.71
Hong KongHKEX 1861449077.4262.500.890.180.71
ChinaSSE 1931337968.9159.400.830.140.69
IsraelTASE 24417811072.9561.800.920.250.66
USPREFERRED 38522385114661.9248.050.970.350.62
South KoreaKOSDAQ 31621613268.3561.110.830.210.62
JapanFUKUOKA 101592858.4247.461.220.610.61
NorwayOSE 2401579365.4259.240.830.230.60
ThailandSET 26617910967.2960.890.740.150.59
USFOREX 43731217671.4056.410.770.180.59
PhilippinesPSE 2251488765.7858.780.740.160.58
IndiaNSE 1931428273.5857.750.680.130.56
Vietnam HOSE 1951317767.1858.780.720.170.55
SwedenSTOCKHOLM 25918210570.2757.690.800.270.53
BangladeshDSE 2271437363.0051.050.660.180.48
IndonesiaIDX 1591016463.5263.370.630.190.45
SingaporeSGX 2501789671.2053.930.560.170.39
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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