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 1/1/2019
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 62445326572.6058.5010.463.097.37
CanadaCSE 2006144190471.8362.738.922.676.24
JapanSAPPORO 2010850.0080.005.900.305.60
USOTC PINK 2524217382953669.6754.226.643.083.57
Vietnam HNX 2087129674162.1057.184.831.493.35
PakistanKSE 49843688219974.0059.634.551.373.17
EgyptEGX 27262037116974.7257.394.531.403.12
IndonesiaIDX 100796938390368.8456.264.221.153.07
IndiaNSE 46427341072008973.4658.904.161.312.85
USNASDAQ 65581448632478168.5355.144.311.482.83
IndiaBSE 56820412632375872.6357.574.391.602.79
CanadaTSX-V 59744178222470.8652.545.692.902.79
South KoreaKOSDAQ 33337234141413870.2460.373.971.192.77
Hong KongHKEX 28551193461089767.7656.333.971.232.74
Poland GPW 75765078289567.1956.884.211.472.73
TurkeyBIST 132948976512167.5257.053.881.212.68
ChinaSZSE 43265299591785069.2559.583.651.042.60
BangladeshDSE 72205282320373.1660.643.661.062.60
SwedenSTOCKHOLM 1942613146740767.9656.113.931.342.59
NorwayOSE 50563388185367.0154.693.941.372.57
OmanMSM 134944873.1348.983.440.912.53
PhilippinesPSE 39222665150567.9556.473.440.982.46
UKLSE 38353261531434768.2154.853.400.972.43
MalaysiaBURSA 117837722410065.5453.093.611.292.32
Vietnam HOSE 64084156234264.8656.353.391.072.32
RussiaMICEX 44763059171469.1255.403.050.812.24
ChinaSSE 31081213251248968.6458.543.140.912.23
IsraelTASE 101157273407671.9256.033.231.062.17
SpainIBEX 27931944110569.6056.843.221.052.17
TaiwanGTSM 1789212415711069.3957.273.020.932.09
FrancePARIS 1620610949608067.5655.532.990.912.08
MexicoBMV 42612908156568.2553.823.181.102.07
South KoreaKRX 29231197711142067.8457.593.000.932.07
Greece ATHENS 1766119961167.8950.963.261.242.02
ChileBCS 1506103061368.3959.512.660.721.94
DenmarkCOPENHAGEN 30061969101365.5051.452.951.021.93
Saudi ArabiaTADAWUL 44763185186771.1658.622.640.721.92
BrazilBOVESPA 129748695458467.2452.543.001.101.89
UAEUAE 65839420659.8852.282.770.881.88
ThailandSET 153599883502564.3550.842.921.041.88
ArgentinaBUE 32452160112166.5651.903.411.571.85
USAMEX 102276718335865.6949.993.011.191.82
CanadaTSX 2448916184844166.0952.162.741.021.73
PortugalLISBON 56339021469.2754.872.520.801.73
TaiwanTWSE 2776918423996666.3454.102.530.841.69
The World 104115070978339124368.2455.073.271.591.68
JapanTOKYO 78602528792837867.2753.672.691.021.67
AustraliaASX 2319114926733464.4149.103.411.741.67
Austria WIENERBORSE 111977741769.4453.672.891.221.67
KuwaitKSE 111278040470.1451.792.751.111.64
RussiaMICEX 38826815669.0758.211.940.401.54
QatarQE 71448725568.2152.362.280.771.51
BelgiumBRUSSELS 2363160784068.0152.272.300.861.44
USNYSE 76584507382583966.3450.862.390.951.44
JapanNAGOYA 65938218558.1248.302.651.251.40
GermanyXETRA 2774718894972868.0951.492.180.791.39
NetherlandsAMSTERDAM 50783461178068.1651.432.050.711.33
JapanFUKUOKA 146924663.0150.001.880.611.27
JordanASE 2951779460.0053.112.250.981.27
ItalyBORSA 1843012752642369.3250.272.080.851.23
SingaporeSGX 46192855127261.8144.552.301.101.20
SwitzerlandSIX 84325506270065.3149.031.830.741.10
PortugalLISBON 45929517964.2760.681.360.281.08
FOREXFOREX 78357229173.0550.871.440.480.96
USPREFERRED 57793682169563.7146.031.460.510.95
ChileBCS 73550432268.5763.891.150.230.92
SpainIBEX 56435920863.6557.941.200.280.92
Greece ATHENS 43527316462.7660.071.190.300.90
CanadaTSX 49636122672.7862.601.140.250.89
MexicoBMV 61145428774.3063.221.150.280.87
BrazilBOVESPA 42228516467.5457.541.320.480.84
Poland GPW 47931018264.7258.711.050.250.81
JapanTOKYO 49031718264.6957.410.990.270.73
UAEUAE 68449329572.0859.840.920.200.72
UKLSE 64743524767.2356.780.940.230.71
Austria WIENERBORSE 38423913762.2457.321.040.330.71
TurkeyBIST 43524213855.6357.021.080.370.71
IsraelTASE 46633320271.4660.660.940.250.69
GermanyXETRA 41526014862.6556.921.000.310.69
FrancePARIS 43627015261.9356.301.000.330.67
ItalyBORSA 43627015261.9356.301.000.330.66
NetherlandsAMSTERDAM 47029716863.1956.570.940.290.64
BelgiumBRUSSELS 47029716863.1956.570.940.290.64
TaiwanGTSM 39926114765.4156.320.830.190.64
ChinaSSE 38326216068.4161.070.810.190.61
NorwayOSE 47031918067.8756.430.860.240.61
Hong KongHKEX 41330717774.3357.650.790.190.60
IndiaNSE 36726115171.1257.850.800.200.59
AustraliaASX 51238823275.7859.790.810.230.58
USFOREX 83457932169.4255.440.760.180.58
ArgentinaBUE 41625814662.0256.590.960.410.55
MalaysiaBURSA 40325413563.0353.150.830.280.55
South KoreaKOSDAQ 58939423066.8958.380.750.250.50
SwitzerlandSIX 43829515067.3550.850.790.310.48
DenmarkCOPENHAGEN 44128815865.3154.860.720.250.47
Vietnam HOSE 41529216370.3655.820.710.250.46
PakistanKSE 55033217160.3651.510.770.330.44
PhilippinesPSE 47933717870.3552.820.660.230.43
ThailandSET 58139522567.9956.960.610.180.43
SwedenSTOCKHOLM 54438019769.8551.840.680.280.40
IndonesiaIDX 32820911563.7255.020.740.330.40
SingaporeSGX 51534218466.4153.800.520.200.32
BangladeshDSE 57738216766.2043.720.530.290.25
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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