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 1/1/2015
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 30922714373.4663.0010.102.597.51
USOTC PINK 114887855486268.4561.837.832.035.80
JapanSAPPORO 2010850.0080.005.900.305.60
USWARRANTS 124845567.7465.485.601.004.60
ChinaSZSE 1543410725706369.4965.865.160.954.21
ChinaSSE 98166701428068.3763.784.900.904.00
PakistanKSE 31682360152274.4964.494.551.063.49
Hong KongHKEX 1766012036715268.1559.424.551.113.44
USAMEX 35092333143566.4961.514.531.213.32
Saudi ArabiaTADAWUL 24961775117471.1166.143.970.673.30
IndiaBSE 32423236341486572.8962.904.451.193.26
IndiaNSE 25284185411187873.3364.064.151.003.15
South KoreaKOSDAQ 1953814025929171.8966.154.070.993.08
Poland GPW 39062592162666.6962.423.840.833.01
NorwayOSE 2288152989766.8358.673.991.082.92
QatarQE 38125518366.9371.763.390.492.90
USNASDAQ 35060233791442166.7161.663.860.962.90
TaiwanGTSM 101097074453169.9864.053.510.682.84
ArgentinaBUE 88661540469.4165.693.690.912.78
IndonesiaIDX 40622863162470.4856.723.710.932.77
OmanMSM 83653578.3153.853.720.952.77
UKLSE 2037713383823565.6961.523.350.692.66
KuwaitKSE 45627415960.0958.033.801.222.58
CanadaTSX-V 2635176889467.1050.575.052.512.54
EgyptEGX 1563110064570.3858.643.771.252.52
TurkeyBIST 73324981288768.0457.873.290.842.45
The World 52140935458321251268.0359.913.330.882.44
PhilippinesPSE 2271157497069.3161.633.170.742.43
Vietnam HNX 121376239162.8251.313.991.572.43
BrazilBOVESPA 43082843169066.0659.383.250.872.38
South KoreaKRX 1642611228717468.4363.833.130.752.38
Vietnam HOSE 30382015120466.3359.753.350.982.37
RussiaMICEX 2212153493969.4461.133.080.742.34
UAEUAE 47632420168.0762.043.160.822.34
IsraelTASE 37822723168972.0062.033.160.852.31
SpainIBEX 1869129382069.1863.422.990.722.27
SwedenSTOCKHOLM 87295814339966.8158.283.200.952.26
TaiwanTWSE 1525810372616067.9859.392.770.662.11
PortugalLISBON 36226915874.3158.743.121.022.09
Greece ATHENS 68943424762.9956.913.321.242.09
BangladeshDSE 39522793165970.6759.402.990.982.01
MalaysiaBURSA 54003578189666.2652.993.031.032.00
ThailandSET 81695423280866.3951.782.970.971.99
JordanASE 30420010865.7954.002.981.021.97
AustraliaASX 105266851367365.0953.613.181.251.93
FrancePARIS 83525763349969.0060.712.530.681.85
ItalyBORSA 95386709391270.3958.272.490.681.81
JapanNAGOYA 43425413858.5354.332.861.071.80
CanadaTSX 147519754542066.1255.572.580.801.77
BelgiumBRUSSELS 140791655365.1060.372.350.671.68
SingaporeSGX 3151201697963.9848.562.630.981.66
ChileBCS 112775650467.0866.671.960.341.63
USNYSE 44917296841692266.1156.992.230.631.60
Austria WIENERBORSE 54533520561.4761.192.130.551.58
JapanTOKYO 44521291261602665.4255.022.520.961.57
DenmarkCOPENHAGEN 145794553464.8656.512.240.711.52
NetherlandsAMSTERDAM 2434165198167.8359.421.990.531.46
MexicoBMV 2083139580567.4057.342.180.721.46
GermanyXETRA 119168171470368.6657.492.050.671.38
PortugalLISBON 22015010668.1870.671.450.131.32
SpainIBEX 27718111965.3465.751.360.181.18
BrazilBOVESPA 2091459069.3862.071.520.391.12
Greece ATHENS 2131369263.8567.651.210.161.04
ChileBCS 31021614269.6865.741.190.181.00
UKLSE 26818411568.6662.501.170.220.95
Austria WIENERBORSE 1871207964.1765.831.130.180.94
CanadaTSX 24117211671.3767.441.120.190.93
RussiaMICEX 1771196567.2354.621.370.450.92
TaiwanGTSM 1751116863.4361.261.090.190.90
SwitzerlandSIX 42192790145966.1352.291.520.620.90
GermanyXETRA 1981298465.1565.121.090.190.90
ItalyBORSA 2131358763.3864.441.100.210.89
FrancePARIS 2131358763.3864.441.100.210.89
MalaysiaBURSA 1931187961.1466.951.060.190.87
UAEUAE 32324115174.6162.661.080.220.86
MexicoBMV 27520112973.0964.181.120.270.85
FOREXFOREX 33323313669.9758.371.100.270.83
SwitzerlandSIX 2031277762.5660.631.090.270.82
NetherlandsAMSTERDAM 2281519866.2364.900.990.170.81
BelgiumBRUSSELS 2281519866.2364.900.990.170.81
JapanTOKYO 22915010065.5066.671.000.220.78
AustraliaASX 23717511573.8465.710.940.180.76
ArgentinaBUE 1841257967.9363.200.990.240.75
DenmarkCOPENHAGEN 1931278165.8063.780.870.170.70
Hong KongHKEX 1681287976.1961.720.890.200.70
ChinaSSE 1781257570.2260.000.830.150.68
Poland GPW 2121217857.0864.460.890.230.66
NorwayOSE 2231458865.0260.690.880.220.66
South KoreaKOSDAQ 30020612668.6761.170.840.200.64
PakistanKSE 1801126962.2261.610.770.140.63
USPREFERRED 35362172104161.4347.930.970.360.61
IsraelTASE 23516910371.9160.950.840.250.59
SwedenSTOCKHOLM 2411649468.0557.320.860.270.59
USFOREX 41029416571.7156.120.770.180.58
JapanFUKUOKA 95542456.8444.441.220.650.57
IndiaNSE 1761347676.1456.720.690.130.56
PhilippinesPSE 2071337664.2557.140.710.170.55
ThailandSET 25217210368.2559.880.680.160.52
Vietnam HOSE 1781197066.8558.820.700.180.52
TurkeyBIST 2011236961.1956.100.840.370.47
BangladeshDSE 2131316461.5048.850.650.190.46
IndonesiaIDX 150966264.0064.580.640.190.45
SingaporeSGX 2361668970.3453.610.570.160.41
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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