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 1/1/2021
Stock Exchange 
Per Trade 
Total Net% Descending
USOTCBB 31211867.7485.7118.050.4317.62
CanadaCSE 1894136483772.0261.368.612.635.98
JapanSAPPORO 2010850.0080.005.900.305.60
USOTC PINK 2545316992932769.4652.766.212.683.53
Vietnam HNX 2509157488962.7356.484.961.553.41
IndonesiaIDX 133249216520269.1756.454.341.173.17
EgyptEGX 41592963172271.2758.104.441.363.09
CanadaTSX-V 63334506248471.1555.135.852.803.05
USNASDAQ 72573496822750568.6155.244.651.613.03
SwedenSTOCKHOLM 2345116049908468.4456.604.291.432.86
South KoreaKOSDAQ 38057268361583970.5259.
Hong KongHKEX 30347205941151367.8655.904.131.352.78
BangladeshDSE 70585291317874.9660.063.781.142.64
OmanMSM 134944873.1348.983.440.912.53
PakistanKSE 57514172235672.5456.473.911.432.48
NorwayOSE 62204175225067.1253.893.881.422.46
TurkeyBIST 1776411846656066.6955.383.901.512.39
ChinaSZSE 56168388642251969.1957.943.481.102.38
PhilippinesPSE 39002584143266.2655.423.401.032.37
Vietnam HOSE 79785135285664.3655.623.461.122.35
UKLSE 44347305231647468.8753.943.371.042.33
SpainIBEX 30582074115467.8255.643.331.042.29
IsraelTASE 135359673544471.6756.123.331.072.26
FrancePARIS 1826212368678567.7954.813.251.002.25
Poland GPW 90356051326967.0853.933.781.552.23
IndiaBSE 75940546692982372.1254.463.871.732.14
ChinaSSE 48189335611932369.6457.583.120.992.13
DenmarkCOPENHAGEN 32962164111965.6651.713.251.122.13
IndiaNSE 60012434012378872.5754.623.511.432.08
MalaysiaBURSA 126188178413664.8150.573.401.372.03
Saudi ArabiaTADAWUL 63054392259469.6659.062.710.731.97
TaiwanGTSM 2120514554810468.7655.582.911.001.92
ThailandSET 1829411930605865.2150.782.941.051.90
South KoreaKRX 33244226741255668.2555.342.921.031.89
ChileBCS 137994653668.6056.662.810.921.89
MexicoBMV 45383117162068.6951.973.181.331.85
USAMEX 121717854388864.5349.503.021.191.83
QatarQE 87460334768.9957.552.570.751.83
UAEUAE 105368435164.9651.322.760.941.83
Austria WIENERBORSE 2266155584568.6254.342.801.111.69
AustraliaASX 2692317472855864.9148.973.431.761.67
The World 122162182306544596968.1353.593.181.531.65
BrazilBOVESPA 1837912171624966.2651.312.721.071.64
BelgiumBRUSSELS 2548173287567.9750.522.500.891.61
TaiwanTWSE 32778217341142966.3152.592.490.921.57
CanadaTSX 2650017419899065.7351.612.681.131.55
Greece ATHENS 2117145670968.7848.702.851.321.52
RussiaMICEX 52133819664.8857.991.920.461.46
PortugalLISBON 64443522967.5552.642.310.891.42
JapanTOKYO 89437601453123167.2551.932.501.081.42
USNYSE 86347568662859565.8650.282.411.031.39
KuwaitKSE 1598107557667.2753.582.491.111.38
ItalyBORSA 2266115532782768.5450.392.210.881.32
SingaporeSGX 46042880134262.5546.602.411.111.30
NetherlandsAMSTERDAM 62624303218668.7250.802.060.781.28
JapanNAGOYA 65735815954.4944.412.391.111.27
GermanyXETRA 36293246351245167.8850.542.110.851.26
SwitzerlandSIX 99296541314665.9148.071.910.841.07
JordanASE 2471446658.3045.832.291.231.06
ArgentinaBUE 61613810180763.1946.422.951.931.02
PortugalLISBON 56536621464.7858.471.250.280.97
ChileBCS 90961038967.1163.771.200.260.95
MexicoBMV 70753033274.9662.641.210.300.91
SpainIBEX 70845826164.6956.991.160.280.88
JapanFUKUOKA 1751105662.8650.911.480.650.83
Greece ATHENS 54434320063.0558.311.150.330.82
CanadaTSX 58943426773.6861.521.050.260.79
PakistanKSE 69942823161.2353.971.110.330.77
Poland GPW 61241223567.3257.
UKLSE 80355131868.6257.710.940.210.73
IsraelTASE 59241824570.6158.611.000.280.72
FOREXFOREX 94068935873.3051.961.070.370.70
BrazilBOVESPA 53136320268.3655.651.210.520.70
GermanyXETRA 51532418462.9156.790.980.290.70
Austria WIENERBORSE 48830617162.7055.881.050.350.70
UAEUAE 88462736670.9358.370.890.200.69
FrancePARIS 54934419162.6655.521.020.350.67
ItalyBORSA 54934419162.6655.521.020.350.67
BelgiumBRUSSELS 57536821064.0057.070.930.260.66
NetherlandsAMSTERDAM 57536821064.0057.070.930.260.66
Hong KongHKEX 52538422573.1458.590.810.180.63
USFOREX 104371139568.1755.560.820.200.62
TurkeyBIST 54530417055.7855.921.010.410.60
IndiaNSE 45331818170.2056.920.790.210.58
NorwayOSE 55437120266.9754.450.850.280.57
JapanTOKYO 62640621964.8653.940.870.320.55
TaiwanGTSM 50533218265.7454.820.770.220.55
South KoreaKOSDAQ 74850028366.8456.600.800.270.53
ChinaSSE 49132819166.8058.230.720.220.50
AustraliaASX 62447126775.4856.690.750.260.49
SwitzerlandSIX 54136918968.2151.220.780.290.49
Vietnam HOSE 51635419868.6055.930.750.270.48
MalaysiaBURSA 50331716263.0251.100.760.280.48
DenmarkCOPENHAGEN 54135519865.6255.770.700.250.45
SwedenSTOCKHOLM 64544623369.1552.240.700.280.43
ThailandSET 78753330767.7357.600.600.200.40
PhilippinesPSE 61642422568.8353.070.630.260.38
IndonesiaIDX 42527414664.4753.280.720.360.35
SingaporeSGX 65643724166.6255.150.520.180.34
BangladeshDSE 73948420665.4942.560.630.330.30
ArgentinaBUE 52031015759.6250.650.870.830.05
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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