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 101773045171.7861.789.622.986.65
JapanSAPPORO 2010850.0080.005.900.305.60
USOTC PINK 2255315256832768.8953.606.832.933.90
USWARRANTS 83562867.4750.007.453.773.68
IndonesiaIDX 75425259301469.7357.314.151.053.10
IndiaNSE 41110303261751073.7757.744.221.312.91
PakistanKSE 50963732216373.2357.964.331.422.91
Vietnam HNX 157497752962.0754.154.181.282.91
Hong KongHKEX 28044191881055968.4255.034.191.292.91
IndiaBSE 50089365512062572.9756.434.411.572.84
OmanMSM 134975172.3952.583.680.942.74
South KoreaKOSDAQ 32454230621357371.0658.853.951.292.66
ChinaSZSE 33477232781291069.5355.463.981.342.64
NorwayOSE 40742703143466.3553.053.951.352.60
EgyptEGX 24761824102073.6755.923.991.402.59
KuwaitKSE 81351628863.4755.813.661.102.55
ChinaSSE 2276215712860869.0354.793.711.172.54
Poland GPW 66864483252567.0556.323.851.312.53
ArgentinaBUE 1814123668468.1455.343.951.472.48
Saudi ArabiaTADAWUL 41022871164069.9957.123.310.862.45
USNASDAQ 58912395842137767.1954.003.831.392.44
PhilippinesPSE 38082619147568.7856.323.340.932.40
UKLSE 34754233281270667.1454.453.360.982.38
TaiwanGTSM 1695611853681269.9057.473.230.912.32
IsraelTASE 72465260290372.5955.193.321.102.22
TurkeyBIST 128028482455266.2653.673.401.172.22
SwedenSTOCKHOLM 1617610858585867.1253.963.551.342.21
BangladeshDSE 65624642264470.7456.963.291.142.14
SpainIBEX 28692018117370.3458.133.181.042.14
South KoreaKRX 27258185351057168.0057.033.141.032.11
MalaysiaBURSA 97896387331465.2551.893.361.252.10
FrancePARIS 1504310351577168.8155.752.940.872.08
ThailandSET 139769183463365.7150.453.151.092.06
JordanASE 37723813363.1355.882.930.902.03
The World 88834760476532602868.1153.883.291.331.96
Vietnam HOSE 53203487189465.5554.323.061.121.94
USAMEX 80665249257565.0849.063.361.431.93
JapanNAGOYA 65939520759.9452.413.071.181.89
CanadaTSX-V 42272912142568.8948.945.083.221.86
QatarQE 68845026265.4158.222.560.731.83
Greece ATHENS 126283441366.0949.523.491.661.83
PortugalLISBON 57542823474.4354.672.891.071.82
TaiwanTWSE 2646317842952067.4253.362.590.861.73
UAEUAE 70845322963.9850.552.761.071.68
BrazilBOVESPA 85765542274464.6049.532.861.211.65
AustraliaASX 1827911666562863.8248.243.281.631.65
ChileBCS 1700115868368.1258.982.170.531.64
JapanTOKYO 77357513022681966.3252.282.741.111.63
MexicoBMV 36252505129869.1051.822.570.971.60
CanadaTSX 2410215928807766.0950.712.671.081.58
DenmarkCOPENHAGEN 2584168584965.2150.392.571.011.57
RussiaMICEX 39682689139867.7751.992.561.011.55
Austria WIENERBORSE 43229415668.0653.062.831.341.49
ItalyBORSA 1663711686597770.2451.152.310.861.44
USNYSE 72448479782392566.2249.872.310.921.39
BelgiumBRUSSELS 2365157683566.6452.982.250.861.39
GermanyXETRA 2274915645790568.8450.482.250.861.38
NetherlandsAMSTERDAM 45763146164268.7552.192.090.711.38
SingaporeSGX 47252932131662.0544.882.441.141.30
JapanFUKUOKA 149914461.0748.351.890.711.18
PortugalLISBON 36124215567.0464.051.390.211.17
ChileBCS 53236323568.2364.741.200.181.01
SpainIBEX 44929517665.7059.661.210.240.97
USPREFERRED 61783806162961.6142.801.470.540.93
SwitzerlandSIX 76194991231665.5146.401.700.790.92
Greece ATHENS 33621613564.2962.501.140.250.88
BrazilBOVESPA 32522012467.6956.361.350.470.88
TurkeyBIST 32918811457.1460.641.160.320.84
RussiaMICEX 29320210568.9451.981.290.460.84
MexicoBMV 46034322174.5764.431.110.290.83
CanadaTSX 38927817471.4762.591.080.270.81
JapanTOKYO 38725415265.6359.841.010.240.78
Austria WIENERBORSE 29819311564.7759.591.060.280.77
GermanyXETRA 32220912464.9159.331.030.260.77
UAEUAE 52538122872.5759.840.940.190.75
TaiwanGTSM 29518811163.7359.040.920.180.74
FrancePARIS 34021812764.1258.261.020.290.73
ItalyBORSA 34021812764.1258.261.020.290.72
UKLSE 46732218568.9557.450.960.250.70
BelgiumBRUSSELS 37124214265.2358.680.950.250.70
NetherlandsAMSTERDAM 37124214265.2358.680.950.250.70
Hong KongHKEX 30223213976.8259.910.840.160.68
ArgentinaBUE 31920412163.9559.311.040.370.68
MalaysiaBURSA 30919811664.0858.590.880.240.65
IsraelTASE 34825015271.8460.800.910.260.64
ChinaSSE 29420412169.3959.310.780.160.62
AustraliaASX 37327917174.8061.290.800.190.61
NorwayOSE 36524414066.8557.380.870.270.60
South KoreaKOSDAQ 44329917967.4959.870.790.220.57
IndiaNSE 28620611872.0357.280.730.170.56
Poland GPW 34921912362.7556.160.810.260.54
PakistanKSE 38923012859.1355.650.840.300.54
SwitzerlandSIX 33222112066.5754.300.840.300.54
DenmarkCOPENHAGEN 33021912666.3657.530.740.210.53
USFOREX 65846325470.3654.860.720.190.53
Vietnam HOSE 31821712668.2458.060.660.160.50
FOREXFOREX 53739519573.5649.370.890.390.50
ThailandSET 43630517969.9558.690.660.170.49
PhilippinesPSE 35724613868.9156.100.670.180.48
IndonesiaIDX 2491629265.0656.790.720.270.45
BangladeshDSE 39025211764.6246.430.570.220.35
SwedenSTOCKHOLM 43429815668.6652.350.630.290.34
SingaporeSGX 39927014167.6752.220.460.190.27
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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