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 2515860.0053.337.872.005.87
JapanSAPPORO 2010850.0080.005.900.305.60
CanadaCSE 68848729371.3759.678.693.245.45
USOTC PINK 129828994499869.5955.326.882.953.94
PakistanKSE 30702330141675.9060.774.681.263.42
Vietnam HNX 109668637162.5954.084.251.262.99
OmanMSM 93694274.1960.874.101.192.91
Poland GPW 37732550145867.9056.913.811.062.74
IndiaNSE 26234195411136974.5758.113.951.222.73
South KoreaKOSDAQ 1985114074840970.9659.703.811.172.65
IndiaBSE 31588232311308173.5656.304.071.442.62
KuwaitKSE 45830117565.7258.143.491.072.42
TurkeyBIST 77865273291067.7255.193.340.972.37
Hong KongHKEX 1691411401615867.5553.893.531.202.33
EgyptEGX 1449107460974.1256.703.631.312.32
USNASDAQ 35780240321297867.4553.773.601.282.32
IndonesiaIDX 47343255178668.7654.873.361.072.29
Saudi ArabiaTADAWUL 2187160093473.1658.383.080.822.27
ChinaSZSE 1892013228727669.9255.003.421.182.24
CanadaTSX-V 31082108103367.7949.035.233.022.21
ArgentinaBUE 98269237370.7753.673.421.302.12
NorwayOSE 2443164084067.1351.223.401.312.09
TaiwanGTSM 100137006396669.9756.612.920.862.06
UAEUAE 39725312963.7350.993.051.022.04
IsraelTASE 40752928163171.8555.703.051.022.03
SwedenSTOCKHOLM 98516644355767.4453.543.161.152.01
PortugalLISBON 32022812271.2553.512.870.872.00
ChinaSSE 125578499459467.6854.053.061.071.99
UKLSE 2083013908734566.8052.782.930.971.96
Vietnam HOSE 32442167118866.8054.823.011.071.94
USAMEX 47953244160167.6549.353.291.381.91
MalaysiaBURSA 55083616187165.6551.742.991.091.90
South KoreaKRX 1750911743675467.1457.462.750.861.89
The World 54098436904519827868.2753.682.971.091.88
JordanASE 2511548361.3553.902.981.171.81
QatarQE 38526415268.5757.582.640.831.81
ThailandSET 85505493270164.2549.172.781.021.76
FrancePARIS 85845911333668.8656.442.570.811.76
BangladeshDSE 43633067167970.3054.742.821.141.68
PhilippinesPSE 2434165387367.9152.812.691.021.67
SpainIBEX 1748123068970.3756.022.641.021.62
RussiaMICEX 2480170591569.0753.422.470.861.62
JapanTOKYO 45154301161570966.7052.162.561.091.47
MexicoBMV 2189151480269.1652.972.360.901.46
JapanNAGOYA 40223811959.2050.002.821.391.43
AustraliaASX 111397142338864.1447.422.911.491.42
DenmarkCOPENHAGEN 144995347865.7750.162.360.961.40
TaiwanTWSE 1549710457545667.4852.182.190.801.39
CanadaTSX 147219759489466.2950.152.330.981.35
Greece ATHENS 78750724464.4248.132.831.501.33
BelgiumBRUSSELS 132386544965.3851.912.050.761.29
BrazilBOVESPA 48893177150565.1547.252.441.201.23
USNYSE 45037300941487066.8549.392.020.831.18
SingaporeSGX 2817174177061.8044.232.241.081.15
ItalyBORSA 93606519329869.6550.592.010.871.14
Austria WIENERBORSE 63239719962.8250.132.070.931.13
JapanFUKUOKA 104633260.5850.791.630.511.13
BrazilBOVESPA 25318011171.1561.671.490.391.11
PortugalLISBON 28419512568.6664.101.280.181.10
NetherlandsAMSTERDAM 2561175492568.4952.741.700.671.03
GermanyXETRA 124438459430268.0650.801.800.801.00
SpainIBEX 35523914567.3260.671.210.210.99
ChileBCS 111674342166.5856.661.490.500.99
ChileBCS 39927017667.6765.191.140.160.97
CanadaTSX 30021413971.3364.951.170.200.97
RussiaMICEX 2171528770.0557.241.280.380.90
MexicoBMV 35325616672.5264.841.170.290.88
Greece ATHENS 26317210965.4063.371.070.200.87
ArgentinaBUE 24016710469.5862.281.080.280.81
TurkeyBIST 2731629459.3458.021.140.350.80
UKLSE 37725915668.7060.231.020.230.80
UAEUAE 40229718873.8863.300.980.200.78
MalaysiaBURSA 2341469162.3962.330.950.180.76
Austria WIENERBORSE 2321549466.3861.040.990.230.76
JapanTOKYO 29819812466.4462.631.000.240.76
SwitzerlandSIX 43342834132365.3946.681.480.730.75
GermanyXETRA 24916510066.2760.610.960.220.75
FrancePARIS 26417210365.1559.880.970.240.73
ItalyBORSA 26417210365.1559.880.970.240.73
TaiwanGTSM 2331518964.8158.940.910.180.73
SwitzerlandSIX 2531599162.8557.230.960.260.70
Hong KongHKEX 22617611377.8864.200.840.160.68
NetherlandsAMSTERDAM 28719311667.2560.100.880.210.67
BelgiumBRUSSELS 28719311667.2560.100.880.210.67
ChinaSSE 2281589569.3060.130.790.130.66
IsraelTASE 27519912372.3661.810.880.240.64
AustraliaASX 28221213575.1863.680.830.180.64
DenmarkCOPENHAGEN 24416710168.4460.480.790.170.62
Poland GPW 27116410460.5263.410.810.210.60
IndiaNSE 2211609472.4058.750.720.120.60
NorwayOSE 28018710866.7957.750.820.240.58
ThailandSET 31721713868.4563.590.720.140.58
South KoreaKOSDAQ 35624114467.7059.750.780.210.57
PakistanKSE 2681609259.7057.500.820.250.57
FOREXFOREX 41730015471.9451.330.950.380.57
USFOREX 51836921271.2457.450.730.180.55
PhilippinesPSE 27418310866.7959.020.700.150.55
Vietnam HOSE 2361579466.5359.870.690.160.54
SwedenSTOCKHOLM 31522612671.7555.750.720.270.45
IndonesiaIDX 1931257764.7761.600.660.230.43
USPREFERRED 3666225195661.4042.470.830.430.39
BangladeshDSE 2921868963.7047.850.580.220.37
SingaporeSGX 30321411470.6353.270.510.160.35
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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