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 22716410172.2561.599.433.346.09
USOTC PINK 99826842419368.5461.287.992.035.96
JapanSAPPORO 2010850.0080.005.900.305.60
ChinaSZSE 133879261607769.1865.625.360.974.39
ChinaSSE 85575806369167.8563.575.200.944.25
USWARRANTS 111754967.5765.334.770.973.80
Hong KongHKEX 1599810881646568.0159.424.701.123.57
PakistanKSE 29282167139574.0164.374.551.043.51
Saudi ArabiaTADAWUL 22571591105670.4966.374.130.703.43
South KoreaKOSDAQ 1783012774841771.6465.894.121.003.12
IndiaBSE 29735215961341072.6362.094.321.243.09
QatarQE 34222116064.6272.403.490.413.08
IndiaNSE 22887167261060873.0863.424.011.042.97
USNASDAQ 31070207771282966.9661.673.920.962.97
NorwayOSE 2120141982466.9358.074.111.172.95
TaiwanGTSM 89966346409270.5464.483.570.662.90
USAMEX 39762623154566.1258.773.921.102.82
UKLSE 1842012113745565.8461.473.430.692.74
Poland GPW 36512415148666.1561.533.570.862.71
IndonesiaIDX 35792520141770.4156.233.620.942.68
KuwaitKSE 41525214460.7257.143.771.252.52
ArgentinaBUE 77853534368.7764.113.490.972.52
South KoreaKRX 1476710051643668.1064.003.200.752.45
The World 47019931919919037767.9159.623.330.902.43
UAEUAE 43930418869.2561.843.240.832.41
OmanMSM 72572879.1749.123.461.052.40
SpainIBEX 1660115273569.4063.803.070.712.36
PhilippinesPSE 2008137383868.3861.033.070.742.33
CanadaTSX-V 2322154478266.4950.654.832.512.32
RussiaMICEX 2011139284869.2260.923.070.772.31
Vietnam HNX 107567634062.8850.303.881.592.29
EgyptEGX 137095854769.9357.103.551.292.27
PortugalLISBON 32724414474.6259.023.301.042.26
SwedenSTOCKHOLM 77635170303166.7858.473.200.962.24
Vietnam HOSE 2668174499565.3757.053.241.022.23
TaiwanTWSE 136849325561368.1560.192.860.662.20
BrazilBOVESPA 38192472145464.7658.793.090.912.18
IsraelTASE 34142454149971.8861.083.000.852.14
TurkeyBIST 65574423245467.4555.482.890.882.01
JordanASE 2781879867.2752.413.051.061.99
BangladeshDSE 35602488147869.8959.412.941.001.94
JapanNAGOYA 38121811457.2252.292.760.831.94
ThailandSET 74944953252866.0951.042.880.981.90
ItalyBORSA 86716127360870.6658.892.550.681.88
AustraliaASX 94176115326364.9453.363.141.271.87
CanadaTSX 132128742488966.2455.872.650.801.85
FrancePARIS 76105237317468.8260.612.540.691.85
Greece ATHENS 60936720060.2654.503.131.351.77
MalaysiaBURSA 49063196165865.1451.882.801.031.77
ChileBCS 97465343367.0466.311.990.341.65
USNYSE 39634261891484466.0956.672.290.651.65
BelgiumBRUSSELS 129384850865.5859.912.320.691.63
DenmarkCOPENHAGEN 133386649264.9756.812.290.701.59
SingaporeSGX 2904182588262.8448.332.581.011.57
JapanTOKYO 39963260381420065.1754.522.520.971.55
PortugalLISBON 1961319366.8470.991.600.131.47
MexicoBMV 1852125573267.7658.332.190.741.46
NetherlandsAMSTERDAM 2202149888768.0359.212.010.561.45
Austria WIENERBORSE 47028617660.8561.542.020.571.45
GermanyXETRA 108757519433969.1457.712.070.671.39
SpainIBEX 24815910864.1167.921.530.181.35
BrazilBOVESPA 1881318369.6863.361.630.401.23
RussiaMICEX 139955668.3558.951.640.431.21
Greece ATHENS 1881197963.3066.391.290.171.12
Austria WIENERBORSE 1661066963.8665.091.250.191.07
GermanyXETRA 1761147364.7764.041.200.191.01
FrancePARIS 1901207663.1663.331.210.220.99
ItalyBORSA 1901207663.1663.331.210.220.99
SwitzerlandSIX 1821127361.5465.181.200.210.98
TaiwanGTSM 155985963.2360.201.170.190.98
ChileBCS 27418912668.9866.671.170.190.98
UKLSE 25417811270.0862.921.180.220.96
CanadaTSX 22116110772.8566.461.120.200.93
JapanFUKUOKA 87472454.0251.061.550.640.91
MalaysiaBURSA 1741097362.6466.971.090.180.91
MexicoBMV 25418412272.4466.301.160.260.91
SwitzerlandSIX 38272501129065.6151.371.530.630.90
NetherlandsAMSTERDAM 2041358666.1863.701.070.180.90
BelgiumBRUSSELS 2041358666.1863.701.070.180.90
UAEUAE 30522714174.4362.111.100.220.87
ArgentinaBUE 1661127067.4762.501.070.220.85
AustraliaASX 21515710573.0266.881.030.190.83
JapanTOKYO 2101369264.7667.651.040.210.83
DenmarkCOPENHAGEN 1761187667.0564.410.930.190.75
Hong KongHKEX 1541177275.9761.540.940.210.74
ChinaSSE 1621106767.9060.910.880.160.72
FOREXFOREX 29220512270.2159.510.940.220.72
Poland GPW 1911127358.6465.180.910.220.69
USPREFERRED 3242200597861.8448.781.030.360.68
PakistanKSE 158975961.3960.820.800.150.65
NorwayOSE 2041307763.7359.230.900.250.65
IsraelTASE 2111549672.9962.340.880.260.62
IndiaNSE 1561186875.6457.630.740.140.59
South KoreaKOSDAQ 28119511769.4060.000.800.210.59
USFOREX 37827015171.4355.930.780.190.59
SwedenSTOCKHOLM 2161508569.4456.670.830.280.55
ThailandSET 2301589368.7058.860.700.160.54
Vietnam HOSE 1611076266.4657.940.720.200.52
PhilippinesPSE 1861196563.9854.620.660.180.49
TurkeyBIST 1821116360.9956.760.860.380.49
BangladeshDSE 1891205863.4948.330.680.200.48
IndonesiaIDX 136875463.9762.070.660.200.46
SingaporeSGX 2221568570.2754.490.600.170.43
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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