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
CanadaCSE 80257736973.4462.659.862.717.15
USWARRANTS 38261668.4261.547.501.126.38
JapanSAPPORO 2010850.0080.005.900.305.60
USOTC PINK 2050014089791569.6155.466.862.644.22
OmanMSM 1691126266.2755.363.910.903.01
PakistanKSE 52133845226273.7658.834.311.352.96
Vietnam HNX 1605102155963.6154.754.261.332.93
Hong KongHKEX 29147199261105768.3955.474.121.262.86
EgyptEGX 25101850106773.7157.684.071.272.80
Saudi ArabiaTADAWUL 41822971180271.0460.653.530.752.77
South KoreaKOSDAQ 33460239881435671.7559.803.881.212.68
IndonesiaIDX 75785200292468.6256.233.671.002.67
IndiaNSE 41890310511788974.1657.593.971.312.66
KuwaitKSE 83853530163.8456.263.711.092.63
ChinaSZSE 34189231411291867.6955.823.831.232.60
UAEUAE 73448027465.4057.083.611.022.59
IndiaBSE 53577391642198573.1056.144.151.592.56
ArgentinaBUE 1442100057169.3557.103.901.342.56
NorwayOSE 39642619138266.0752.773.751.212.54
CanadaTSX-V 37942607135568.7151.985.382.842.53
Poland GPW 61514114232766.8856.563.571.072.51
ChinaSSE 2268515191840566.9655.333.531.082.45
Greece ATHENS 131987947066.6453.473.731.332.40
USNASDAQ 57250386342113967.5454.673.631.262.37
UKLSE 34073228131265067.0155.403.120.892.23
PortugalLISBON 58342122372.2152.973.251.042.21
TaiwanGTSM 1744312278702070.3957.183.100.902.20
IsraelTASE 65214743270372.7856.953.160.992.17
BangladeshDSE 70214990288171.0757.743.251.082.17
QatarQE 70548828369.2257.992.900.802.09
MalaysiaBURSA 97996394334565.2552.313.111.072.05
The World 89418760797333105768.0354.423.081.082.00
TurkeyBIST 130268632460466.2753.343.031.041.99
SpainIBEX 29992089120169.6657.492.981.001.98
South KoreaKRX 29090197891148368.0358.032.920.961.97
SwedenSTOCKHOLM 1504710012540966.5454.033.141.181.96
USAMEX 76205098260466.9051.083.321.371.95
Vietnam HOSE 50283329180766.2154.283.081.141.94
ThailandSET 140059238468165.9650.672.981.051.93
JordanASE 51133217864.9753.612.880.971.91
FrancePARIS 1479310033564667.8256.272.630.821.81
PhilippinesPSE 38822639144267.9854.642.811.031.78
TaiwanTWSE 27370186801001868.2553.632.420.801.62
CanadaTSX 2503316483855365.8551.892.510.921.60
RussiaMICEX 36302501130668.9052.222.611.021.59
BrazilBOVESPA 78595127263065.2451.302.641.081.56
AustraliaASX 1723011117542364.6148.712.941.411.53
ChileBCS 1846126373868.4258.432.000.491.51
JapanNAGOYA 62736717858.5348.502.701.241.46
JapanTOKYO 78299513872642365.6351.422.461.091.37
MexicoBMV 34752352124067.6852.722.220.881.34
USNYSE 74257495712550466.7651.452.110.771.33
DenmarkCOPENHAGEN 2507165986866.1752.322.250.921.33
ItalyBORSA 1618411132569568.7851.162.080.801.28
Austria WIENERBORSE 110872837665.7051.652.160.911.25
SingaporeSGX 50213114139862.0244.892.271.041.23
BelgiumBRUSSELS 2389156179165.3450.671.990.791.20
BrazilBOVESPA 27018711769.2662.571.450.371.08
PortugalLISBON 30820913467.8664.111.260.191.07
NetherlandsAMSTERDAM 43692895152066.2652.501.710.661.05
GermanyXETRA 2149914398732366.9750.861.810.791.02
ChileBCS 44530119967.6466.111.150.170.99
SpainIBEX 38325715667.1060.701.180.210.97
JapanFUKUOKA 163853852.1544.711.640.710.93
CanadaTSX 33023915572.4264.851.140.220.92
TurkeyBIST 29617510659.1260.571.190.320.87
MexicoBMV 38828518473.4564.561.140.280.86
RussiaMICEX 2391679369.8755.691.250.410.84
Greece ATHENS 28818511664.2462.701.040.220.82
SwitzerlandSIX 74654810227464.4347.281.450.680.77
UKLSE 40928116468.7058.361.010.250.75
TaiwanGTSM 25716810165.3760.120.910.170.74
MalaysiaBURSA 2561609862.5061.250.930.190.74
ArgentinaBUE 27718111165.3461.331.080.360.72
UAEUAE 44832920273.4461.400.920.210.71
Austria WIENERBORSE 2531659965.2260.000.950.250.70
JapanTOKYO 33321613264.8661.110.940.250.69
GermanyXETRA 27417910765.3359.780.920.220.69
IsraelTASE 30321713671.6262.670.920.240.68
FrancePARIS 29118711064.2658.820.920.260.66
ItalyBORSA 29118711064.2658.820.920.260.66
NetherlandsAMSTERDAM 31420812366.2459.130.840.210.63
BelgiumBRUSSELS 31420812366.2459.130.840.210.63
ChinaSSE 25817910569.3858.660.770.140.63
PakistanKSE 31119211361.7458.850.890.260.63
SwitzerlandSIX 28018010064.2955.560.880.270.61
ThailandSET 35724916069.7564.260.740.130.61
AustraliaASX 31723314573.5062.230.790.180.61
Hong KongHKEX 25119812278.8861.620.780.180.60
IndiaNSE 24918010472.2957.780.710.160.56
DenmarkCOPENHAGEN 27218711068.7558.820.750.200.55
Poland GPW 29218010861.6460.000.780.230.54
NorwayOSE 31320711766.1356.520.790.250.54
South KoreaKOSDAQ 38926415767.8759.470.750.220.53
FOREXFOREX 45633217072.8151.200.910.380.53
USFOREX 56939822969.9557.540.710.190.53
PhilippinesPSE 31021011767.7455.710.650.160.49
Vietnam HOSE 26818110867.5459.670.660.170.49
USPREFERRED 56713510149561.8942.590.840.410.43
SwedenSTOCKHOLM 36326314472.4554.750.670.270.40
IndonesiaIDX 2201438465.0058.740.640.250.39
BangladeshDSE 32620810063.8048.080.540.230.31
SingaporeSGX 33823812370.4151.680.490.180.31
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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