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.
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.
Pattern Performance in Stock Exchanges since 1/1/2020
Stock Exchange 
Per Trade 
Total Net% Descending
USOTCBB 31211867.7485.7118.050.4317.62
CanadaCSE 1948140886872.2861.658.662.566.10
JapanSAPPORO 2010850.0080.005.900.305.60
Vietnam HNX 2417151888262.8158.105.231.533.70
USOTC PINK 2401916345894069.8653.286.312.733.58
IndonesiaIDX 129928959507268.9656.614.331.153.18
CanadaTSX-V 63214483247370.9255.165.972.873.11
USNASDAQ 71438489472705568.6255.194.681.603.08
EgyptEGX 37222658153671.4157.794.301.362.94
South KoreaKOSDAQ 37248261721562070.3659.604.151.262.89
SwedenSTOCKHOLM 2287215622889868.4556.844.281.402.88
Hong KongHKEX 30413208301171368.4956.234.161.312.85
PakistanKSE 54733958228172.3257.634.131.402.73
BangladeshDSE 71895327319974.1060.053.691.122.57
Vietnam HOSE 74924864274664.9256.463.681.122.57
NorwayOSE 60894093222467.3054.274.001.432.57
OmanMSM 134944873.1348.983.440.912.53
TurkeyBIST 1658711072622166.7556.193.981.452.53
UKLSE 43121297411643369.0155.223.471.022.45
PhilippinesPSE 38782594144066.8955.513.431.022.41
IsraelTASE 126629108521572.0357.183.461.062.41
Poland GPW 86415777317266.8654.913.921.522.40
FrancePARIS 1782512051675367.7955.883.300.942.35
IndiaBSE 70040505362795072.1755.303.991.682.31
IndiaNSE 56349410182288472.8255.773.651.392.26
SpainIBEX 29662028113468.3755.923.281.082.20
ChinaSZSE 53713374402149669.7057.413.291.112.18
Saudi ArabiaTADAWUL 57844036244969.7860.682.850.682.17
DenmarkCOPENHAGEN 32372121111165.5252.383.221.082.14
MalaysiaBURSA 123578056413465.1951.323.481.372.11
TaiwanGTSM 2031913926782568.6756.082.990.992.00
ThailandSET 1762911479586165.1151.
South KoreaKRX 32451222251243168.5255.903.001.011.99
ChileBCS 1453102359970.4158.552.790.811.98
ChinaSSE 44936315001790570.1056.842.951.001.95
USAMEX 118367697386365.0350.
MexicoBMV 44933077160968.4852.
BrazilBOVESPA 1714611418595066.6752.052.831.051.78
Austria WIENERBORSE 2233152583768.2954.892.851.081.77
Greece ATHENS 2016138167768.5049.023.101.351.75
AustraliaASX 2655917368859665.3949.493.511.761.74
The World 117388279310143319468.3154.033.231.531.70
PortugalLISBON 61542322668.7853.432.490.801.69
BelgiumBRUSSELS 2577175690568.1451.542.570.881.68
UAEUAE 98662330963.2949.522.630.951.68
QatarQE 82857232669.0856.992.470.791.68
TaiwanTWSE 31063206481089466.4752.762.530.901.63
CanadaTSX 2610817285899266.2152.022.731.121.62
KuwaitKSE 1489100654167.5653.782.601.011.58
JapanFUKUOKA 1891226464.5552.462.160.651.52
RussiaMICEX 50633019265.2258.181.960.451.51
JapanTOKYO 86694582463042967.1952.242.561.081.47
USNYSE 84495558002824866.0450.622.451.031.42
GermanyXETRA 33790230931197368.3451.852.250.831.42
ItalyBORSA 2134214775759569.2351.402.280.881.40
NetherlandsAMSTERDAM 59154081214368.9952.512.140.751.39
SingaporeSGX 45842886132862.9646.022.411.141.26
SwitzerlandSIX 95166323309766.4548.981.960.831.13
JapanNAGOYA 68339417857.6945.182.321.311.01
PortugalLISBON 54936021165.5758.611.260.280.98
JordanASE 2701617759.6347.832.121.140.97
ArgentinaBUE 52403283152363.8445.532.861.900.96
ChileBCS 87458537666.9364.
MexicoBMV 69651932574.5762.621.220.290.92
SpainIBEX 68444625565.2057.
Greece ATHENS 52633419763.5058.981.170.310.86
CanadaTSX 57342225773.6560.901.050.270.78
PakistanKSE 68241422460.7054.111.120.340.78
BrazilBOVESPA 51034419567.4556.691.280.510.77
Poland GPW 58739422567.1257.
Austria WIENERBORSE 47029716863.1956.571.070.340.73
UKLSE 77153030668.7457.740.950.220.73
IsraelTASE 57240423570.6358.
FrancePARIS 53133518863.0956.121.040.330.71
ItalyBORSA 53133518863.0956.121.040.330.70
GermanyXETRA 50031818163.6056.920.990.290.70
UAEUAE 85560335170.5358.210.910.210.70
BelgiumBRUSSELS 55936120664.5857.060.940.270.67
NetherlandsAMSTERDAM 55936120664.5857.060.940.270.67
Hong KongHKEX 50636921672.9258.540.820.180.64
USFOREX 101369238768.3155.920.830.200.63
TurkeyBIST 52529416456.0055.781.040.410.63
IndiaNSE 43730717570.2557.000.790.210.58
JapanTOKYO 61239821965.0355.030.890.320.57
TaiwanGTSM 48832217965.9855.590.780.210.56
FOREXFOREX 87563632772.6951.420.890.330.56
South KoreaKOSDAQ 72648727867.0857.080.820.270.55
NorwayOSE 54736419666.5453.850.830.290.54
MalaysiaBURSA 47829815462.3451.680.800.300.50
AustraliaASX 60645825975.5856.550.760.260.50
ChinaSSE 47631618466.3958.230.720.230.49
Vietnam HOSE 49533919268.4856.640.760.270.49
SwitzerlandSIX 52435918468.5151.250.780.300.48
DenmarkCOPENHAGEN 52534319165.3355.690.710.250.46
ArgentinaBUE 49529415459.3952.380.890.440.46
SwedenSTOCKHOLM 62943422869.0052.530.700.270.43
ThailandSET 74050829368.6557.680.610.200.41
PhilippinesPSE 59441422069.7053.140.640.260.38
IndonesiaIDX 40626014164.0454.230.740.360.38
SingaporeSGX 62140922465.8654.770.530.190.34
BangladeshDSE 72447520365.6142.740.640.330.30
USPREFERRED 62396263.730.
RussiaMICEX 52300065.740.
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© family websites


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