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 1/1/2017
Stock Exchange 
Per Trade 
Total Net% Descending
USOTCBB 31211867.7485.7118.050.4317.62
CanadaCSE 94368743172.8562.749.962.757.21
JapanSAPPORO 2010850.0080.005.900.305.60
USOTC PINK 1979213472735569.0853.806.772.923.86
IndonesiaIDX 71284975286169.8057.514.181.053.12
PakistanKSE 47943538206573.8058.374.441.403.05
IndiaNSE 39055288761673173.9457.944.291.293.00
Vietnam HNX 154097053062.9954.644.251.262.99
Hong KongHKEX 26768183461011968.5955.
IndiaBSE 47795349651977973.1656.574.471.562.91
ArgentinaBUE 1609110662768.7456.694.161.402.76
South KoreaKOSDAQ 30948220691307871.4259.
ChinaSZSE 31377218391208769.6055.354.051.342.72
OmanMSM 136995272.7952.533.630.942.69
EgyptEGX 2348173197073.7256.044.041.362.68
NorwayOSE 38712566136566.2953.203.991.332.65
ChinaSSE 2110814548793168.9254.523.791.182.61
Saudi ArabiaTADAWUL 38252723159471.1958.543.440.832.61
KuwaitKSE 76449127964.2756.823.621.032.59
USNASDAQ 56125376692034067.1254.003.861.392.47
Poland GPW 61374083228166.5355.873.691.232.46
UKLSE 32950220701207167.0954.613.390.972.42
USWARRANTS 61391763.9343.596.564.182.38
PhilippinesPSE 36372507140668.9356.083.270.932.35
SpainIBEX 28001975115470.5458.433.341.022.32
IsraelTASE 67054886271472.8755.553.401.092.31
SwedenSTOCKHOLM 1519910220554467.2454.253.611.312.30
Greece ATHENS 121779940265.6550.313.951.672.28
TaiwanGTSM 1604411205636569.8456.803.200.922.28
TurkeyBIST 123548192438366.3153.503.361.162.20
MalaysiaBURSA 90625938307365.5351.753.361.182.17
BangladeshDSE 64724555259570.7856.653.271.132.14
FrancePARIS 144719963562068.8556.413.000.862.14
CanadaTSX-V 38942682132768.8849.485.233.142.10
ThailandSET 133038722438065.5650.
South KoreaKRX 27400185881063467.8457.
Vietnam HOSE 50703361185566.2955.
USAMEX 75785026250066.3249.743.441.442.00
The World 84627057734831244168.2654.093.321.322.00
PortugalLISBON 55541122774.0555.232.981.001.98
JordanASE 37023112762.4354.982.860.891.97
QatarQE 64742525465.6959.762.680.711.97
JapanNAGOYA 62537219159.5251.343.181.221.96
UAEUAE 66742722164.0251.762.861.041.82
AustraliaASX 1711710976530564.1248.333.321.591.74
TaiwanTWSE 2499516882896967.5453.132.590.861.73
BrazilBOVESPA 78325054251464.5349.742.941.231.71
JapanTOKYO 73647489922575166.5252.562.781.091.69
MexicoBMV 34132334121368.3951.972.620.961.66
CanadaTSX 2299115260781966.3751.242.711.071.65
RussiaMICEX 37862587135868.3352.492.651.021.63
ChileBCS 1647111165467.4658.872.140.521.63
DenmarkCOPENHAGEN 2460160780265.3349.912.601.021.58
Austria WIENERBORSE 119578741565.8652.732.531.001.54
USNYSE 69040459272314566.5250.402.400.901.49
ItalyBORSA 1577311085568670.2851.292.340.871.47
GermanyXETRA 2138614723753168.8451.152.320.851.47
NetherlandsAMSTERDAM 43362981157168.7552.702.160.711.45
BelgiumBRUSSELS 2253151380167.1552.942.300.861.44
SingaporeSGX 44512769123362.2144.532.471.161.31
PortugalLISBON 34223014967.2564.781.410.211.20
ChileBCS 51435422768.8764.
SpainIBEX 42728417266.5160.561.250.241.01
USPREFERRED 54743403147762.1743.401.500.510.99
RussiaMICEX 27518810468.3655.321.380.420.96
SwitzerlandSIX 71454709220165.9146.741.730.770.96
JapanFUKUOKA 112652958.0444.621.740.820.92
Greece ATHENS 32020613064.3863.
BrazilBOVESPA 31921812468.3456.881.360.470.89
MexicoBMV 44733121574.0564.951.120.280.85
TurkeyBIST 32118811458.5760.641.160.320.84
CanadaTSX 37026816872.4362.691.080.250.83
Austria WIENERBORSE 28318411165.0260.331.090.280.80
GermanyXETRA 30519811964.9260.
JapanTOKYO 37524614965.6060.571.030.240.79
UAEUAE 50336722272.9660.490.950.190.76
TaiwanGTSM 28718511064.4659.460.940.170.76
FrancePARIS 32320712264.0958.941.040.290.75
ItalyBORSA 32320712264.0958.941.040.290.75
NetherlandsAMSTERDAM 35323013765.1659.570.970.240.73
BelgiumBRUSSELS 35323013765.1659.570.970.240.73
UKLSE 45331118268.6558.520.960.250.71
Hong KongHKEX 28522213677.8961.260.860.160.69
ArgentinaBUE 30620112065.6959.701.050.370.68
IsraelTASE 33624114971.7361.830.930.260.67
MalaysiaBURSA 29418610963.2758.600.890.220.67
AustraliaASX 34926116174.7961.690.820.190.64
ChinaSSE 28019411469.2958.760.790.160.63
PakistanKSE 36621712659.2958.060.880.290.59
NorwayOSE 35123413366.6756.840.860.260.59
SwitzerlandSIX 31120411065.5953.920.880.290.59
IndiaNSE 27419911672.6358.290.740.160.59
USFOREX 62644225170.6156.790.750.180.57
Poland GPW 33020911863.3356.460.810.260.56
South KoreaKOSDAQ 43429317467.5159.390.770.230.55
DenmarkCOPENHAGEN 31420912266.5658.370.760.210.55
Vietnam HOSE 30020512468.3360.490.680.150.53
FOREXFOREX 50637318873.7250.400.900.380.53
PhilippinesPSE 34423713668.9057.380.690.170.51
ThailandSET 41028817270.2459.720.670.160.50
IndonesiaIDX 2411589265.5658.230.740.270.47
BangladeshDSE 37524111664.2748.130.580.220.37
SwedenSTOCKHOLM 41329215370.7052.400.640.280.35
SingaporeSGX 38426213768.2352.290.460.180.27
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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