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 1781176865.7358.129.683.915.77
JapanSAPPORO 2010850.0080.005.900.305.60
CanadaCSE 130689853670.0658.588.533.375.16
USOTC PINK 2290415697839568.5753.456.813.842.97
IndonesiaIDX 76565215294468.1256.454.021.112.91
PakistanKSE 48343553207073.5058.264.291.412.88
Vietnam HNX 141384245059.5953.444.101.312.80
South KoreaKOSDAQ 30598216641289870.8259.523.941.222.72
IndiaNSE 40099294691692273.4957.424.031.322.71
IndiaBSE 47331344581930172.8056.014.201.552.65
OmanMSM 134944873.1348.983.440.912.53
Poland GPW 66434454248367.0555.754.011.512.50
Hong KongHKEX 2588817495956067.5854.643.671.242.43
EgyptEGX 2310171795274.3355.453.851.472.37
NorwayOSE 41222747144666.6452.643.801.472.33
BangladeshDSE 62864451257970.8157.943.371.102.27
TurkeyBIST 120227975426666.3453.493.491.242.25
ArgentinaBUE 2114140076066.2354.293.731.492.25
ChinaSZSE 33551234291316969.8356.213.421.192.23
SwedenSTOCKHOLM 1633011033591067.7053.463.581.362.22
PhilippinesPSE 36252451136367.6155.613.231.022.22
UKLSE 33897227401204667.1452.933.241.062.18
USNASDAQ 57264382402002666.8052.353.701.522.18
KuwaitKSE 80152728865.7954.653.311.162.16
PortugalLISBON 49835519971.2956.062.880.822.06
IsraelTASE 76515479301371.6254.983.171.132.04
TaiwanGTSM 1575810983621969.7056.622.930.912.02
ChinaSSE 2347016141900768.7755.803.041.022.02
South KoreaKRX 26161177451013667.8957.072.990.982.01
MalaysiaBURSA 97296370327965.4751.483.351.352.00
SpainIBEX 26141838103570.3156.313.111.121.99
FrancePARIS 143199705531067.7854.712.910.921.98
CanadaTSX-V 46593256163269.8950.125.193.211.98
Saudi ArabiaTADAWUL 37312619146570.2055.942.850.891.96
Vietnam HOSE 53443441187164.3954.373.051.101.95
JordanASE 29817610059.0656.822.900.971.93
ThailandSET 133698579422864.1749.282.931.101.83
DenmarkCOPENHAGEN 2461160880165.3449.812.731.041.68
Greece ATHENS 137291143966.4048.193.181.511.67
JapanFUKUOKA 127794462.2055.702.110.471.65
MexicoBMV 36032460127068.2851.632.711.071.64
USAMEX 83405364251564.3246.893.111.471.63
ChileBCS 1508101759167.4458.112.180.581.60
RussiaMICEX 42752895152667.7252.712.470.871.60
AustraliaASX 1884511967565863.5047.283.271.731.54
JapanNAGOYA 58033716958.1050.152.851.321.53
Austria WIENERBORSE 61041121867.3853.042.801.271.53
BrazilBOVESPA 89895854286365.1248.912.741.221.52
The World 89771160874532455367.8353.303.111.601.52
JapanTOKYO 71364473192444266.3151.652.651.151.50
UAEUAE 63639419361.9548.982.571.081.49
QatarQE 64343823168.1252.742.290.851.44
TaiwanTWSE 2466616551862467.1052.112.290.861.43
CanadaTSX 2262514843726865.6048.972.531.151.38
BelgiumBRUSSELS 2155143374166.5051.712.180.891.30
GermanyXETRA 2253515375758568.3149.272.150.881.27
ItalyBORSA 1577110968545569.5849.712.160.901.26
PortugalLISBON 38825816266.4962.791.450.231.22
SingaporeSGX 41662572115861.7445.022.341.131.21
NetherlandsAMSTERDAM 44013017152768.5550.611.940.751.18
USNYSE 68775450822160165.5747.902.181.021.17
ChileBCS 57839225867.8265.821.240.191.05
SpainIBEX 47931318465.3458.791.270.261.01
SwitzerlandSIX 71424616213864.6346.321.700.800.90
Greece ATHENS 36123114063.9960.611.160.280.89
RussiaMICEX 32622512369.0254.671.300.430.88
BrazilBOVESPA 35823913666.7656.901.340.470.87
TurkeyBIST 36820112054.6259.701.180.330.85
CanadaTSX 41929718370.8861.621.100.270.84
MexicoBMV 51137823873.9762.961.100.290.81
Austria WIENERBORSE 32120712064.4957.971.100.300.79
GermanyXETRA 34822513064.6657.781.060.280.77
USPREFERRED 57913595153162.0842.591.350.580.77
TaiwanGTSM 31920712364.8959.420.920.170.74
FrancePARIS 36623413363.9356.841.050.310.74
ItalyBORSA 36623413363.9356.841.050.310.74
JapanTOKYO 41627015764.9058.150.970.240.73
UKLSE 51735620768.8658.150.970.240.72
BelgiumBRUSSELS 39825914865.0857.140.980.270.71
NetherlandsAMSTERDAM 39825914865.0857.140.980.270.71
UAEUAE 57241324772.2059.810.910.210.70
IsraelTASE 38928317172.7560.420.910.260.65
AustraliaASX 40030718676.7560.590.840.200.64
ArgentinaBUE 35222012762.5057.731.000.400.60
Hong KongHKEX 34125715275.3759.140.780.190.60
NorwayOSE 40627615967.9857.610.840.250.59
MalaysiaBURSA 34021412262.9457.010.850.270.58
Poland GPW 37624213764.3656.610.840.260.57
South KoreaKOSDAQ 48132319467.1560.060.800.230.57
ChinaSSE 32122213169.1659.010.770.190.57
FOREXFOREX 57142220773.9149.050.950.390.56
DenmarkCOPENHAGEN 36724113765.6756.850.760.230.54
USFOREX 71149827370.0454.820.710.190.52
IndiaNSE 31122012270.7455.450.700.200.50
ThailandSET 46632219169.1059.320.660.170.49
SwitzerlandSIX 36424912668.4150.600.820.330.49
PakistanKSE 43226313860.8852.470.780.340.44
IndonesiaIDX 27717810264.2657.300.700.290.42
Vietnam HOSE 35224513569.6055.100.620.230.40
SwedenSTOCKHOLM 47433417770.4652.990.680.280.39
PhilippinesPSE 39527314669.1153.480.620.230.39
BangladeshDSE 44829813166.5243.960.520.270.26
SingaporeSGX 44030115468.4151.160.470.220.25
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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