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 1/1/2018
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
USWARRANTS 24316810869.1464.2911.193.387.81
JapanSAPPORO 2010850.0080.005.900.305.60
CanadaCSE 1414100761471.2260.978.703.225.47
USOTC PINK 2416816570891868.7153.706.853.823.03
Vietnam HNX 151990549559.5854.704.191.292.91
PakistanKSE 50333706217173.6358.584.291.392.90
IndonesiaIDX 80805510308768.1956.034.001.142.86
IndiaNSE 41621306101760973.5657.514.021.322.70
South KoreaKOSDAQ 31915224681332870.4959.253.901.232.67
IndiaBSE 49329358912017072.7756.194.181.552.63
OmanMSM 134944873.1348.983.440.912.53
EgyptEGX 24081789100174.2955.953.961.472.49
Poland GPW 69504657258767.0155.553.971.512.46
TurkeyBIST 124798331452966.7654.363.691.232.46
Hong KongHKEX 2701118230997167.4954.703.671.252.42
NorwayOSE 43792913155066.6153.143.751.452.31
USNASDAQ 59783400632133967.0753.223.791.512.28
BangladeshDSE 64894593265770.7857.853.381.122.26
PhilippinesPSE 37872585143868.2655.633.261.022.23
ChinaSZSE 35176246371384870.0456.213.391.182.21
SwedenSTOCKHOLM 1721411603621267.5053.463.561.382.18
CanadaTSX-V 50433554180870.4750.875.323.162.17
UKLSE 35358237581244067.2352.333.181.062.12
ArgentinaBUE 2272149880265.9353.543.601.512.09
PortugalLISBON 51936420270.1355.492.860.822.04
TaiwanGTSM 1656611558652969.7756.492.950.932.02
ChinaSSE 2460316935941968.8355.622.991.021.97
SpainIBEX 27421922107570.0955.933.081.121.96
IsraelTASE 81095733312270.7654.413.081.121.96
MalaysiaBURSA 103746794349065.4951.373.301.341.95
Vietnam HOSE 55983622197664.7054.563.061.111.95
South KoreaKRX 27418185891051067.8056.542.941.001.94
FrancePARIS 1501910166552167.6954.312.850.931.93
JordanASE 30817910058.1255.872.900.991.91
Saudi ArabiaTADAWUL 39152758153670.4555.692.770.881.89
KuwaitKSE 81654228566.4252.583.101.221.88
ThailandSET 140398960438163.8248.902.861.121.74
Greece ATHENS 145996545866.1447.463.191.511.68
MexicoBMV 38252620136568.5052.102.741.061.68
USAMEX 88225649267364.1047.273.101.431.68
ChileBCS 1560105160967.3757.942.230.591.64
DenmarkCOPENHAGEN 2584168683565.2549.532.671.051.62
Austria WIENERBORSE 68446224567.5453.032.811.211.60
JapanFUKUOKA 114704161.4058.571.930.401.53
RussiaMICEX 45633085162467.8352.472.400.881.53
JapanNAGOYA 62036418558.7150.822.771.261.52
AustraliaASX 1984512609594163.6547.043.221.731.49
JapanTOKYO 74159492732547666.4451.702.621.151.47
TaiwanTWSE 2591417339902166.9152.032.320.881.44
UAEUAE 66941319861.7347.942.491.061.43
BrazilBOVESPA 97236289307264.9148.682.631.251.39
The World 93690963513733837067.8253.253.101.721.38
QatarQE 67045923868.5151.852.230.861.36
CanadaTSX 2354115369749265.3148.732.491.161.33
BelgiumBRUSSELS 2253149777166.4451.502.140.891.25
GermanyXETRA 2375116253791568.4348.702.100.881.22
PortugalLISBON 39626016265.6662.311.440.231.21
ItalyBORSA 1662111571565469.6248.862.080.921.16
USNYSE 71487466832240165.3247.972.171.021.15
NetherlandsAMSTERDAM 45663119156168.3150.051.890.761.13
SingaporeSGX 43682682118761.4044.262.251.151.10
ChileBCS 59340426668.1365.841.230.191.04
SpainIBEX 48931618564.6258.541.260.261.00
MexicoBMV 52839525574.8164.561.160.280.88
RussiaMICEX 32922812569.3054.821.300.430.88
Greece ATHENS 36823214063.0460.341.160.280.88
SwitzerlandSIX 75694911226265.0245.971.670.800.87
BrazilBOVESPA 36024213867.2257.021.330.480.85
CanadaTSX 42430418871.7061.841.100.260.84
TurkeyBIST 37220312054.5759.111.170.340.82
Austria WIENERBORSE 32820812063.4157.691.090.310.78
USPREFERRED 58643596152161.3242.301.360.590.77
GermanyXETRA 35622713163.7657.711.040.290.76
JapanTOKYO 41927315965.1658.240.970.250.73
TaiwanGTSM 33121712765.5658.530.900.180.73
FrancePARIS 37423613463.1056.781.040.310.72
ItalyBORSA 37423613463.1056.781.030.310.72
UKLSE 53036621069.0657.380.950.230.71
BelgiumBRUSSELS 40626115064.2957.470.970.270.70
NetherlandsAMSTERDAM 40626115064.2957.470.970.270.70
UAEUAE 57641624772.2259.380.900.210.69
IsraelTASE 39428617372.5960.490.920.260.66
AustraliaASX 41231518976.4660.000.820.200.62
NorwayOSE 41628116367.5558.010.850.250.61
ArgentinaBUE 35622112762.0857.470.990.390.60
Poland GPW 38524614163.9057.320.850.260.59
Hong KongHKEX 34626015275.1458.460.770.180.59
South KoreaKOSDAQ 48732920067.5660.790.810.220.58
MalaysiaBURSA 34221512162.8756.280.840.270.57
ChinaSSE 32522413368.9259.380.760.190.57
FOREXFOREX 57542520973.9149.180.950.400.55
USFOREX 72050427870.0055.160.720.190.53
DenmarkCOPENHAGEN 36924213765.5856.610.750.230.52
IndiaNSE 31422112370.3855.660.710.200.51
ThailandSET 47732819468.7659.150.660.170.50
SwitzerlandSIX 37225112867.4751.000.820.330.49
PakistanKSE 43926914261.2852.790.790.330.46
SwedenSTOCKHOLM 48534018370.1053.820.690.280.41
IndonesiaIDX 27917910264.1656.980.690.280.41
Vietnam HOSE 35524813669.8654.840.620.230.39
PhilippinesPSE 40127714669.0852.710.610.230.39
BangladeshDSE 46230513766.0244.920.530.260.27
SingaporeSGX 44330415668.6251.320.470.220.25
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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