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 1/1/2017
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 86463040072.9263.4910.462.717.75
JapanSAPPORO 2010850.0080.005.900.305.60
USWARRANTS 57351761.4048.577.432.804.63
USOTC PINK 1893912970729969.4855.477.222.734.49
PakistanKSE 46243448206074.5759.744.641.323.33
IndonesiaIDX 67464712271769.8557.664.221.023.20
IndiaNSE 37217276651615074.3358.384.401.253.15
IndiaBSE 46025337991924473.4456.944.571.513.06
ArgentinaBUE 139997655869.7657.174.311.263.05
Hong KongHKEX 2553217506967968.5655.294.321.283.04
Vietnam HNX 145292550563.7154.594.271.253.01
ChinaSZSE 29031201861130269.5355.994.211.322.89
South KoreaKOSDAQ 29404211291263571.8659.804.121.252.88
EgyptEGX 2222164493073.9956.574.111.282.83
ChinaSSE 1944113412742068.9955.323.961.172.80
KuwaitKSE 69344425464.0757.213.791.002.80
Saudi ArabiaTADAWUL 35902587154972.0659.883.580.792.79
NorwayOSE 36142393126966.2153.034.031.272.76
OmanMSM 131975174.0552.583.670.942.73
Poland GPW 56073747214866.8357.333.801.092.72
CanadaTSX-V 37082555131768.9151.555.562.852.71
USNASDAQ 52494354571946767.5854.883.971.272.70
UKLSE 30852207621146567.3055.223.490.912.58
Greece ATHENS 111473337065.8050.484.051.592.46
PhilippinesPSE 34812392134868.7256.353.350.912.44
TaiwanGTSM 1510110617610970.3157.543.300.892.42
SwedenSTOCKHOLM 143339639524367.2554.393.651.242.41
TurkeyBIST 116287768423466.8054.513.471.072.40
MalaysiaBURSA 83635523291666.0452.803.481.082.39
IsraelTASE 59664328241572.5655.793.431.042.38
SpainIBEX 26521877108770.7857.913.301.002.30
FrancePARIS 134319224528168.6857.253.080.812.27
ThailandSET 124728243422066.0951.193.291.042.25
South KoreaKRX 25711175581015168.2957.813.190.962.23
USAMEX 70624748239167.2350.363.601.392.21
BangladeshDSE 64724580261670.7757.123.311.132.18
The World 80492555078830162568.4554.743.401.262.13
JapanNAGOYA 61537019760.1653.243.251.152.10
Vietnam HOSE 46783121173766.7255.663.171.092.09
UAEUAE 61239120663.8952.693.000.982.01
QatarQE 60540224066.4559.702.710.722.00
JordanASE 37123613163.6155.512.840.881.97
AustraliaASX 1596410312503864.6048.863.411.451.96
PortugalLISBON 51538220674.1753.932.971.041.93
BrazilBOVESPA 73214753240164.9250.523.011.151.87
TaiwanTWSE 2352915997866167.9954.142.680.821.86
CanadaTSX 2180414525753966.6251.902.800.961.84
JapanTOKYO 69161461582445966.7452.992.831.061.77
RussiaMICEX 35002396126268.4652.672.690.991.71
DenmarkCOPENHAGEN 2315152476365.8350.072.620.971.64
USNYSE 65533438042230166.8550.912.460.821.64
ItalyBORSA 1463710266536370.1452.242.440.811.63
ChileBCS 1571106663167.8559.192.100.471.63
GermanyXETRA 1951713356694768.4352.012.400.791.61
MexicoBMV 31492171113768.9452.372.500.911.59
NetherlandsAMSTERDAM 39752720145968.4353.642.230.661.57
Austria WIENERBORSE 105767834964.1451.472.510.961.56
SingaporeSGX 42912670121062.2245.322.541.061.48
BelgiumBRUSSELS 2113141074666.7352.912.280.811.46
PortugalLISBON 32722014267.2864.551.450.201.25
SpainIBEX 40526816466.1761.191.290.221.07
USPREFERRED 52953276140761.8742.951.480.421.06
SwitzerlandSIX 66654401208166.0347.281.760.721.04
ChileBCS 47932721368.2765.141.200.171.03
Greece ATHENS 30619612464.0563.271.220.230.99
BrazilBOVESPA 29519911767.4658.791.370.410.95
Austria WIENERBORSE 27017510664.8160.571.130.260.87
TurkeyBIST 30718111058.9660.771.190.320.87
RussiaMICEX 2631799768.0654.191.300.440.87
GermanyXETRA 29118911464.9560.321.080.230.85
CanadaTSX 35725716271.9963.041.100.250.85
MexicoBMV 41330519673.8564.261.100.280.83
FrancePARIS 30819711763.9659.391.080.260.82
ItalyBORSA 30819711763.9659.391.080.260.82
JapanTOKYO 35523514366.2060.851.060.250.81
UAEUAE 47934721472.4461.671.000.200.80
NetherlandsAMSTERDAM 33422013265.8760.001.000.220.78
BelgiumBRUSSELS 33422013265.8760.001.000.220.78
UKLSE 43129517568.4559.321.030.250.78
TaiwanGTSM 27417710564.6059.320.930.180.75
ArgentinaBUE 29219512066.7861.541.080.350.73
Hong KongHKEX 27021113278.1562.560.900.170.73
MalaysiaBURSA 27317310563.3760.690.930.200.73
JapanFUKUOKA 123733259.3543.841.490.770.73
IsraelTASE 31322414071.5762.500.960.250.71
ChinaSSE 27119011270.1158.950.820.170.65
SwitzerlandSIX 29319210665.5355.210.930.290.64
AustraliaASX 33825015473.9661.600.810.190.62
IndiaNSE 26219211473.2859.380.760.160.60
PakistanKSE 33820512060.6558.540.880.280.60
USFOREX 59341624270.1558.170.780.180.59
DenmarkCOPENHAGEN 29219811667.8158.590.780.210.57
FOREXFOREX 47935218173.4951.420.950.380.56
South KoreaKOSDAQ 41828316867.7059.360.780.230.56
PhilippinesPSE 32822312967.9957.850.710.160.56
Poland GPW 31119511362.7057.950.810.260.55
Vietnam HOSE 28519411668.0759.790.700.160.54
ThailandSET 39227716770.6660.290.680.160.51
NorwayOSE 33121812165.8655.500.780.280.50
BangladeshDSE 35022310863.7148.430.620.220.40
IndonesiaIDX 2321528965.5258.550.640.260.39
SwedenSTOCKHOLM 39528115171.1453.740.650.280.37
SingaporeSGX 36024712868.6151.820.490.190.30
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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