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 1/1/2017
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 40261665.0061.548.581.926.65
CanadaCSE 84160237273.0160.599.402.846.56
JapanSAPPORO 2010850.0080.005.900.305.60
USOTC PINK 1844212577702369.2455.006.892.734.17
PakistanKSE 45213359199074.3059.244.411.333.07
OmanMSM 127934973.2352.693.800.892.90
Hong KongHKEX 2483117027936568.6154.974.181.292.90
IndonesiaIDX 66524641264669.7757.013.901.032.86
Vietnam HNX 142690248463.2553.664.091.252.84
ChinaSZSE 28054194891085269.4755.684.111.312.79
IndiaNSE 36419269621559474.1257.774.051.262.79
ChinaSSE 1872112915713568.9955.253.861.152.71
IndiaBSE 45042330051862673.2856.434.221.512.71
South KoreaKOSDAQ 28671205921222771.8859.333.891.252.64
EgyptEGX 2176160290873.6256.683.891.262.62
Saudi ArabiaTADAWUL 34542482146771.8659.113.340.802.54
ArgentinaBUE 134393052269.2556.133.801.302.50
USNASDAQ 51302345091882267.3354.493.691.262.42
Poland GPW 54203605204366.5156.673.461.092.37
NorwayOSE 34792305120966.2552.453.621.272.35
CanadaTSX-V 36142477125068.5750.445.182.892.29
TaiwanGTSM 1475610359591270.2057.073.090.882.21
UKLSE 29961200541093866.9954.502.990.912.08
TurkeyBIST 112787506405266.5553.983.111.062.05
PhilippinesPSE 33442287127568.3955.752.940.912.03
South KoreaKRX 2505617127982668.3557.372.970.962.01
ThailandSET 121698048407966.1450.683.031.022.00
BangladeshDSE 60864273240070.2156.173.141.151.99
KuwaitKSE 72545825563.1755.683.061.071.98
QatarQE 58838923166.1659.382.700.711.98
IsraelTASE 57404176232072.7755.543.021.051.97
MalaysiaBURSA 81175339277565.9751.823.041.091.95
JordanASE 35222212263.0754.952.740.811.93
SpainIBEX 25791827105370.8457.642.910.991.92
SwedenSTOCKHOLM 139019349500867.2553.573.151.231.92
Vietnam HOSE 45413014165966.3755.043.001.101.90
UAEUAE 59938520564.2753.252.890.991.89
The World 78512453560929053168.2654.213.091.271.82
FrancePARIS 129518868500468.4756.432.620.801.82
USAMEX 69014595229866.5850.013.191.421.77
PortugalLISBON 49837119874.5053.372.811.061.75
JapanNAGOYA 59836018960.2052.502.871.171.70
TaiwanTWSE 2305115641835567.8553.422.460.821.64
ChileBCS 1552106563868.6259.911.990.461.53
AustraliaASX 154809998484764.5948.472.961.441.52
CanadaTSX 2135214169730066.3651.522.480.971.51
JapanTOKYO 67648449632352166.4752.312.531.071.46
RussiaMICEX 33252290118968.8751.922.450.991.46
Greece ATHENS 105267833064.4548.673.101.661.44
MexicoBMV 30352080107968.5351.882.260.901.36
BrazilBOVESPA 70644549223164.4049.042.511.171.34
USNYSE 64227426522160166.4150.642.130.811.32
DenmarkCOPENHAGEN 2231146872665.8049.462.250.961.29
BelgiumBRUSSELS 2045136271566.6052.502.070.811.26
ItalyBORSA 141529912507770.0451.222.050.821.23
SingaporeSGX 42312629117362.1444.622.231.071.16
NetherlandsAMSTERDAM 38342615137768.2152.661.770.671.11
PortugalLISBON 31421013566.8864.291.260.191.07
Austria WIENERBORSE 100564633064.2851.082.030.961.07
BrazilBOVESPA 28519511968.4261.031.400.381.02
GermanyXETRA 1868712732644668.2150.571.820.811.01
ChileBCS 45831320368.3464.861.140.160.98
SpainIBEX 39025815766.1560.851.180.210.97
CanadaTSX 34224715772.2263.561.110.230.88
TurkeyBIST 29917510658.5360.571.190.320.87
MexicoBMV 40229218972.6464.731.140.280.86
Greece ATHENS 29418611763.2762.901.060.220.84
RussiaMICEX 2451709469.3955.291.230.410.82
JapanFUKUOKA 144843658.3342.861.560.790.77
UKLSE 41828516768.1858.601.000.250.75
MalaysiaBURSA 26416510162.5061.210.920.190.73
TaiwanGTSM 26517310365.2859.540.890.180.71
SwitzerlandSIX 64394250197066.0046.351.430.720.71
Austria WIENERBORSE 25916610064.0960.240.950.250.70
ArgentinaBUE 28218611465.9661.291.060.350.70
UAEUAE 46333820773.0061.240.910.210.70
GermanyXETRA 28018010864.2960.000.920.220.69
JapanTOKYO 34022313765.5961.430.940.250.69
IsraelTASE 30821913671.1062.100.910.240.67
ItalyBORSA 29718811163.3059.040.920.260.66
FrancePARIS 29718811163.3059.040.920.260.66
NetherlandsAMSTERDAM 32221012565.2259.520.840.210.63
BelgiumBRUSSELS 32221012565.2259.520.840.210.63
ChinaSSE 26218210769.4758.790.760.150.60
SwitzerlandSIX 28518410264.5655.430.880.280.60
PakistanKSE 32619711560.4358.380.870.270.60
Hong KongHKEX 26020312578.0861.580.770.170.60
AustraliaASX 32524014873.8561.670.780.190.59
IndiaNSE 25618711073.0558.820.720.160.57
ThailandSET 37026116270.5462.070.700.150.55
DenmarkCOPENHAGEN 28119011267.6258.950.750.210.54
NorwayOSE 32321211965.6356.130.790.250.53
USFOREX 57640323169.9757.320.710.190.52
FOREXFOREX 46534117473.3351.030.900.380.52
South KoreaKOSDAQ 39727016168.0159.630.740.230.51
Poland GPW 30118710862.1357.750.750.250.50
PhilippinesPSE 31721512167.8256.280.640.160.48
Vietnam HOSE 27618711067.7558.820.640.170.48
USPREFERRED 52163213133461.6041.520.850.430.42
IndonesiaIDX 2231478665.9258.500.650.250.40
SwedenSTOCKHOLM 37326914672.1254.280.660.270.39
BangladeshDSE 33521410263.8847.660.530.220.30
SingaporeSGX 35324512669.4151.430.490.190.29
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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