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 1/1/2018
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
CanadaCSE 1655118672571.6661.138.682.935.76
JapanSAPPORO 2010850.0080.005.900.305.60
USWARRANTS 41227914767.7252.698.233.474.77
USOTC PINK 2701318477997469.2853.296.863.383.48
PakistanKSE 55984152242274.1758.334.281.412.87
IndonesiaIDX 94356445359168.3155.723.971.172.80
EgyptEGX 27602062116574.7156.504.151.462.69
South KoreaKOSDAQ 35027246051463870.3459.413.901.212.69
OmanMSM 134944873.1348.983.440.912.53
IndiaNSE 47133345531954573.3656.533.841.352.49
TurkeyBIST 134959083503767.4555.343.661.192.48
Vietnam HNX 1880113261760.2154.513.881.412.46
Hong KongHKEX 29584200351101067.7254.953.711.262.45
Poland GPW 77795223287367.2654.913.811.392.41
IndiaBSE 56772411812280772.5655.374.021.612.41
USNASDAQ 66656448332388067.3753.183.801.502.29
CanadaTSX-V 55983940201970.3851.245.373.112.26
NorwayOSE 48183217172166.9653.353.671.422.24
BangladeshDSE 74075274304171.2057.663.391.162.23
PhilippinesPSE 41482799155967.4855.703.241.022.22
SwedenSTOCKHOLM 1917612943698667.6153.893.561.392.17
ChinaSZSE 40058280611580170.0556.313.361.202.16
TaiwanGTSM 1846612843726369.5556.553.020.932.09
MalaysiaBURSA 117267681397665.5051.763.371.302.07
UKLSE 39368264731384567.2952.273.061.042.02
South KoreaKRX 30357206181173367.9256.912.920.971.95
IsraelTASE 93046624361271.2054.533.041.101.93
ChinaSSE 28231194811085669.0155.732.941.031.92
PortugalLISBON 54438521070.7754.552.720.821.91
SpainIBEX 29192028112869.4855.622.981.081.89
Vietnam HOSE 61554007219465.1054.753.031.141.89
FrancePARIS 1651211124604467.3754.332.810.931.88
JordanASE 34220110958.7754.232.770.991.79
Saudi ArabiaTADAWUL 43533078172370.7155.982.650.871.78
ChileBCS 1674114367268.2858.792.390.621.77
ThailandSET 1578610128499664.1649.332.831.101.72
KuwaitKSE 100466734166.4351.122.941.231.71
MexicoBMV 43792997156768.4452.292.731.071.66
ArgentinaBUE 2791180591864.9650.633.211.571.64
DenmarkCOPENHAGEN 2935190794464.9749.502.681.041.64
USAMEX 100236469304164.6046.972.971.381.59
TaiwanTWSE 28835192751016066.8552.712.420.871.56
BrazilBOVESPA 116677684386266.0650.112.741.211.53
Greece ATHENS 1646106950966.7746.312.881.371.51
RussiaMICEX 54493568188468.1250.752.310.851.46
JapanTOKYO 80870540632786266.8551.542.561.131.43
UAEUAE 71544421562.1048.422.461.051.41
The World 104022970564337517967.9153.113.071.661.41
AustraliaASX 2277814519683163.7447.053.161.761.40
JapanFUKUOKA 139874862.5955.171.860.481.38
QatarQE 72950026168.5952.202.180.861.32
JapanNAGOYA 68639719358.0248.492.561.241.32
CanadaTSX 2538716624810565.5348.722.471.161.31
Austria WIENERBORSE 92463032968.1852.222.481.181.29
BelgiumBRUSSELS 2451164083666.9150.982.120.891.23
PortugalLISBON 42327716765.4860.291.400.261.13
USNYSE 79014517022482965.4648.012.141.011.12
GermanyXETRA 2673218063867167.6547.951.990.871.11
SingaporeSGX 47792965131462.0444.322.251.181.07
NetherlandsAMSTERDAM 50883411167267.3048.831.810.761.05
ItalyBORSA 1843412767613569.2648.051.950.901.05
SpainIBEX 51733419264.6057.491.240.280.96
ChileBCS 65544529067.9465.171.160.210.95
RussiaMICEX 34724213669.7456.201.320.410.91
MexicoBMV 56342127074.7864.131.160.270.89
FOREXFOREX 70251625473.5049.221.380.520.86
SwitzerlandSIX 85385513254064.7245.961.650.790.86
CanadaTSX 45632820571.9362.501.110.270.84
BrazilBOVESPA 38125614667.1957.031.330.500.83
Greece ATHENS 39725114863.2258.961.120.290.83
TurkeyBIST 40022413456.0059.821.120.320.80
JapanTOKYO 45029417165.3358.160.980.240.73
Austria WIENERBORSE 35122312563.5356.051.050.330.73
USPREFERRED 58653630153061.8942.151.300.580.72
UKLSE 57339522368.9456.460.940.230.72
GermanyXETRA 38124313663.7855.971.010.300.71
UAEUAE 62044826772.2659.600.900.200.70
TaiwanGTSM 35723513565.8357.450.870.180.69
FrancePARIS 39925213963.1655.161.010.330.68
ItalyBORSA 39925213963.1655.161.000.330.67
NetherlandsAMSTERDAM 43327915664.4355.910.940.290.66
BelgiumBRUSSELS 43327915664.4355.910.940.290.66
IsraelTASE 42631018872.7760.650.900.250.65
Poland GPW 42126615363.1857.520.880.260.62
Hong KongHKEX 37428216475.4058.160.790.170.61
ChinaSSE 35224314569.0359.670.800.200.60
NorwayOSE 44830717268.5356.030.830.240.59
ArgentinaBUE 38023713562.3756.960.970.390.58
AustraliaASX 45134120075.6158.650.800.230.57
South KoreaKOSDAQ 52635420867.3058.760.780.240.54
MalaysiaBURSA 37123713063.8854.850.810.280.53
USFOREX 77554229669.9454.610.720.190.53
IndiaNSE 33624013771.4357.080.710.190.52
SwitzerlandSIX 41027513967.0750.550.800.320.48
DenmarkCOPENHAGEN 40626514565.2754.720.710.250.46
ThailandSET 52435720868.1358.260.630.170.46
SwedenSTOCKHOLM 51135818770.0652.230.700.280.42
Vietnam HOSE 37726614870.5655.640.650.240.41
PakistanKSE 48829314860.0450.510.730.350.38
PhilippinesPSE 44531116269.8952.090.600.240.36
IndonesiaIDX 29919310864.5555.960.670.320.35
SingaporeSGX 47932216767.2251.860.480.210.27
BangladeshDSE 51834915067.3742.980.480.280.20
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.