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 50336320572.1756.479.343.166.19
CanadaCSE 1874134582971.7761.648.472.765.71
JapanSAPPORO 2010850.0080.005.900.305.60
USOTC PINK 2512417199937969.4953.726.833.333.50
PakistanKSE 47183478205873.7259.174.491.413.09
IndonesiaIDX 91106250351868.6156.294.171.153.02
EgyptEGX 25721907108875.0056.404.231.402.84
South KoreaKOSDAQ 31500220961334370.3060.253.981.192.79
Vietnam HNX 1787110262861.6756.994.221.452.77
TurkeyBIST 122288199466367.2356.723.881.202.68
IndiaNSE 43127313311815472.7257.893.981.342.63
Hong KongHKEX 26798180811010167.4755.873.851.232.62
Poland GPW 71074776267967.3355.994.041.462.58
USNASDAQ 61404414802264767.7454.454.041.472.57
OmanMSM 134944873.1348.983.440.912.53
IndiaBSE 52060373852112071.8756.454.181.652.53
CanadaTSX-V 55853926205770.3752.345.472.962.50
BangladeshDSE 66524815286572.3859.503.531.102.43
PhilippinesPSE 36532464139767.5656.603.380.972.41
NorwayOSE 46133065165866.5753.993.791.432.37
ChinaSZSE 40282278741635269.1958.673.411.072.35
SwedenSTOCKHOLM 1800812111671267.4855.233.701.362.34
MalaysiaBURSA 109337204381565.8952.963.611.292.32
UKLSE 36163244771315367.7353.703.200.992.21
SpainIBEX 26551836104069.1556.643.201.082.12
Vietnam HOSE 59393860216364.9956.043.161.082.08
South KoreaKRX 27600187331080967.9257.663.010.932.08
TaiwanGTSM 1698011765672569.2957.162.990.932.07
ChinaSSE 28914198311143968.5957.682.970.922.05
FrancePARIS 1514110117555466.8254.902.920.912.01
IsraelTASE 91776529354371.3454.123.071.091.98
MexicoBMV 39672702144168.1153.333.011.071.94
ChileBCS 142298058468.9259.592.620.691.93
PortugalLISBON 51635920269.5756.272.620.711.91
Saudi ArabiaTADAWUL 42222971172670.3758.092.600.721.87
DenmarkCOPENHAGEN 2796180492364.5251.162.831.001.82
UAEUAE 62838119360.6750.662.760.941.82
ThailandSET 142279100452763.9649.752.851.071.77
BrazilBOVESPA 116607709400766.5151.672.841.111.73
Greece ATHENS 1646107553467.0148.412.961.241.72
ArgentinaBUE 2890187097065.0251.623.291.581.71
JapanTOKYO 74318499422673467.2053.532.691.031.66
USAMEX 95496142294064.3747.832.881.241.64
TaiwanTWSE 2640217477941166.2053.852.480.851.64
CanadaTSX 2308715072772165.3651.172.651.031.62
JapanNAGOYA 62135417657.0049.722.761.251.51
The World 97844366245536027667.8154.303.161.641.51
RussiaMICEX 47353084163268.3050.462.310.801.51
AustraliaASX 2152013703659463.7848.043.241.751.50
KuwaitKSE 102770635468.7450.142.641.171.47
QatarQE 66045223068.4850.882.190.801.39
Austria WIENERBORSE 101969736568.4052.372.571.211.36
USNYSE 72615475272365765.5149.732.270.961.31
BelgiumBRUSSELS 2198149077167.7951.742.140.841.30
JordanASE 2861688958.7452.982.321.021.30
GermanyXETRA 2526916945844467.1349.782.100.811.29
JapanFUKUOKA 131824062.6048.781.830.621.21
SingaporeSGX 43702711119862.0444.192.311.111.20
NetherlandsAMSTERDAM 47033148156267.1749.451.900.731.18
ItalyBORSA 1707611731576368.7449.101.980.841.14
PortugalLISBON 43728217164.5360.641.380.261.12
SwitzerlandSIX 78495063241164.7047.481.690.740.95
SpainIBEX 53734219863.6957.891.230.270.95
ChileBCS 68846630367.7365.021.150.210.94
FOREXFOREX 73153426573.0549.631.400.510.89
Greece ATHENS 41225915562.8659.851.180.290.89
MexicoBMV 58343527774.6163.681.160.270.88
RussiaMICEX 35924913869.3655.421.300.430.87
CanadaTSX 46733720972.1662.021.120.270.85
BrazilBOVESPA 39826514966.5856.231.320.490.83
TurkeyBIST 41322713554.9659.471.120.320.80
USPREFERRED 55153406146861.7643.101.270.540.73
JapanTOKYO 46129817364.6458.050.970.240.72
Austria WIENERBORSE 36522913062.7456.771.040.320.72
UKLSE 60941423567.9856.760.950.230.72
GermanyXETRA 39725014162.9756.401.000.300.70
IsraelTASE 43531919573.3361.130.940.240.70
UAEUAE 64346527772.3259.570.890.200.68
FrancePARIS 41626014562.5055.771.000.330.67
ItalyBORSA 41626014562.5055.771.000.330.67
TaiwanGTSM 37324513965.6856.730.840.180.67
BelgiumBRUSSELS 44928616163.7056.290.940.290.65
NetherlandsAMSTERDAM 44928616163.7056.290.940.290.65
ChinaSSE 36525115268.7760.560.800.200.61
Poland GPW 43127515863.8157.450.860.260.60
NorwayOSE 45731217668.2756.410.830.240.60
Hong KongHKEX 38829116775.0057.390.780.190.59
AustraliaASX 47935921374.9559.330.810.230.58
ArgentinaBUE 39624714062.3756.680.940.390.54
USFOREX 79555630869.9455.400.720.180.54
South KoreaKOSDAQ 54736421466.5458.790.770.240.53
IndiaNSE 34424614271.5157.720.720.190.53
MalaysiaBURSA 38024013063.1654.170.800.290.51
DenmarkCOPENHAGEN 41927615065.8754.350.730.240.49
SwitzerlandSIX 41728014267.1550.710.790.320.47
ThailandSET 54537221768.2658.330.620.170.45
PakistanKSE 52031416060.3850.960.780.340.44
Vietnam HOSE 39327815770.7456.470.650.240.41
SwedenSTOCKHOLM 52637219370.7251.880.690.280.41
PhilippinesPSE 45431916670.2652.040.620.240.38
IndonesiaIDX 31019910964.1954.770.650.340.31
SingaporeSGX 48932717266.8752.600.490.210.28
BangladeshDSE 54236015566.4243.060.490.290.20
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.

Candlesticker.com is an independent and free website and all the Services provided by Americanbulls.com LLC at Candlesticker.com are completely free of charge. Americanbulls.com LLC does not receive compensation by any direct or indirect means from the visitors and users of this website (or of any other bulls.com© family websites), and from the stocks, securities and other institutions or any underwriters or dealers associated with the broader national or international forex, commodity and stock markets.

You agree that Candlesticker.com and Americanbulls.com LLC its parent company, subsidiaries, affiliates, officers and employees shall not be liable for any direct, indirect, incidental, special or consequential damages.