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 1/1/2020
Stock Exchange 
Per Trade 
Total Net% Descending
USOTCBB 31211867.7485.7118.050.4317.62
JapanSAPPORO 2010850.0080.005.900.305.60
OmanMSM 134944873.1348.983.440.912.53
RussiaMICEX 46830818165.8158.772.060.451.61
PortugalLISBON 52033820165.0059.471.300.281.01
ChileBCS 84857037167.2265.
SpainIBEX 64942424265.3357.
MexicoBMV 66449430974.4062.551.170.300.88
Greece ATHENS 49731718763.7858.991.170.320.85
CanadaTSX 54940524873.7761.
BrazilBOVESPA 48632918767.7056.841.300.500.80
Poland GPW 53936020966.7958.
UKLSE 73250128968.4457.680.950.220.74
Austria WIENERBORSE 44228015863.3556.431.070.350.72
UAEUAE 78655532670.6158.740.920.210.72
PakistanKSE 64038520760.1653.771.060.350.71
GermanyXETRA 47430217263.7156.951.000.300.70
FrancePARIS 50231817863.3555.971.040.340.69
ItalyBORSA 50231817863.3555.971.030.340.69
TurkeyBIST 50128516156.8956.491.060.400.66
BelgiumBRUSSELS 52934119464.4656.890.940.280.66
NetherlandsAMSTERDAM 52934119464.4656.890.940.280.66
IsraelTASE 53538222271.4058.120.930.290.64
USFOREX 96766037068.2556.060.820.190.63
Hong KongHKEX 47935520674.1158.030.810.180.63
JapanTOKYO 57637821165.6355.820.910.310.60
IndiaNSE 41229416871.3657.140.780.210.57
TaiwanGTSM 45730216966.0855.960.780.210.57
FOREXFOREX 82760330972.9151.240.910.340.57
NorwayOSE 52735319166.9854.110.800.270.53
AustraliaASX 57343525275.9257.930.780.260.52
MalaysiaBURSA 45428515162.7852.980.800.290.51
ChinaSSE 45030117566.8958.140.740.230.51
South KoreaKOSDAQ 69045926366.5257.300.780.270.51
Vietnam HOSE 46932418569.0857.100.740.250.49
SwitzerlandSIX 50334317768.1951.600.780.290.49
ArgentinaBUE 47128215259.8753.900.920.430.49
DenmarkCOPENHAGEN 49431817864.3755.970.730.250.48
ThailandSET 68946726867.7857.390.620.190.43
SwedenSTOCKHOLM 60141622069.2252.880.690.270.43
IndonesiaIDX 38324613764.2355.690.740.330.41
PhilippinesPSE 55639020770.1453.080.640.260.38
SingaporeSGX 58138621366.4455.180.530.190.35
BangladeshDSE 67644119265.2443.540.630.330.31
PortugalLISBON 564231268.443.
JapanFUKUOKA 15411664.946.
The World 1075442238641357768.211.850.050.020.04
DenmarkCOPENHAGEN 3024211465.480.710.040.010.04
NorwayOSE 5520161066.590.
KuwaitKSE 128511867.780.920.030.000.03
Austria WIENERBORSE 2136161067.790.690.040.010.02
EgyptEGX 3245171271.560.520.030.010.02
Vietnam HOSE 6701191064.360.
USAMEX 1086811764.950.
IsraelTASE 1153413672.
BangladeshDSE 68656573.850.
TaiwanGTSM 1842316768.570.
PhilippinesPSE 36816466.970.
RussiaMICEX 567710465.790.
TurkeyBIST 14479171167.340.
ItalyBORSA 19885281669.
UAEUAE 8243163.
UKLSE 4007916968.850.
South KoreaKRX 296054368.360.
ThailandSET 1609410564.350.
USNASDAQ 66764191368.610.
USPREFERRED 62396263.730.
JapanTOKYO 78832211267.
SwedenSTOCKHOLM 20851231668.590.
IndiaBSE 61235231772.400.
SingaporeSGX 42464262.650.
FrancePARIS 1681410567.910.
IndonesiaIDX 116004368.860.
South KoreaKOSDAQ 339705469.960.
Poland GPW 79791166.930.
NetherlandsAMSTERDAM 54875369.
AustraliaASX 2467018665.
TaiwanTWSE 2797620866.
IndiaNSE 4989423972.910.
CanadaTSX 2419611566.
ChileBCS 13670070.590.
GermanyXETRA 314624268.380.
ChinaSZSE 487570069.360.
SpainIBEX 27330068.310.
Greece ATHENS 18330068.
BelgiumBRUSSELS 24150067.780.
ArgentinaBUE 42660064.300.
CanadaCSE 19400072.
CanadaTSX-V 60770070.790.
BrazilBOVESPA 152630067.
SwitzerlandSIX 89490066.310.
Saudi ArabiaTADAWUL 50790068.850.
MalaysiaBURSA 114030065.
MexicoBMV 43120068.740.
JapanNAGOYA 5840059.420.
JordanASE 2630058.
Vietnam HNX 21310062.
USNYSE 7857614566.
ChinaSSE 401609469.800.
QatarQE 7362167.530.
PakistanKSE 49642173.
Hong KongHKEX 274849067.990.
USOTC PINK 209431069.870.
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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