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
USWARRANTS 32522012167.3855.259.003.285.72
CanadaCSE 1559111068271.8460.898.662.965.71
JapanSAPPORO 2010850.0080.005.900.305.60
USOTC PINK 2506617269927569.2353.456.803.872.93
IndonesiaIDX 86415897332368.2456.354.051.142.91
Vietnam HNX 163999254960.5255.344.171.272.90
PakistanKSE 52853883224773.4757.874.161.422.74
South KoreaKOSDAQ 33205233221376870.2958.993.811.222.59
OmanMSM 134944873.1348.983.440.912.53
IndiaNSE 44291324031833073.1956.553.871.362.51
TurkeyBIST 128568620476167.1255.173.701.202.50
Hong KongHKEX 27928189011035567.6854.793.691.252.43
IndiaBSE 52909382592113172.3355.224.031.612.42
Poland GPW 73444933273567.2555.383.891.482.41
EgyptEGX 25391883104274.1655.343.901.512.40
USNASDAQ 63013423562249967.3153.043.801.502.30
PhilippinesPSE 39782692149867.6755.653.311.022.29
CanadaTSX-V 52653720189670.6650.975.413.172.25
NorwayOSE 46383103164467.0352.883.671.452.21
BangladeshDSE 68834865277870.6857.103.291.152.14
SwedenSTOCKHOLM 1805112164652767.4853.593.541.402.14
ChinaSZSE 37565262341461669.8455.713.321.202.12
UKLSE 37321250611308467.1952.183.121.052.07
MalaysiaBURSA 109537164371065.4151.793.381.322.06
TaiwanGTSM 1752312179683969.5056.152.940.942.00
Vietnam HOSE 57083719204865.1555.073.111.131.99
PortugalLISBON 52937620771.0855.052.790.821.97
SpainIBEX 28481989111369.8455.963.041.091.95
IsraelTASE 87216199337771.2054.393.041.121.93
ChinaSSE 26362181791008168.9655.452.941.021.92
FrancePARIS 1567410566574067.4154.332.840.931.91
JordanASE 3151789856.5155.062.760.871.89
South KoreaKRX 28765194951100367.7756.442.881.001.89
KuwaitKSE 90660131366.3452.083.071.211.86
ArgentinaBUE 2510160783565.0651.133.361.541.82
Saudi ArabiaTADAWUL 41342908159670.3454.882.660.901.76
ThailandSET 148199507468764.1549.302.871.111.75
ChileBCS 1616109864067.9558.292.300.601.70
Greece ATHENS 1548103149366.6047.823.131.471.67
MexicoBMV 41002809146668.5152.192.721.061.66
DenmarkCOPENHAGEN 2737177888164.9649.552.681.041.64
USAMEX 94476090285464.5346.823.021.391.63
RussiaMICEX 49353295174267.9851.922.380.861.52
AustraliaASX 2115613467634963.8047.043.221.731.49
TaiwanTWSE 2742318289951766.6952.042.360.881.48
JapanTOKYO 77441517222662866.7951.482.571.141.43
UAEUAE 69642820461.4947.662.491.061.43
JapanNAGOYA 64537418757.9850.002.661.251.40
Austria WIENERBORSE 81555528768.1051.712.621.221.39
QatarQE 69047424968.7052.532.240.861.38
The World 98538266781835400867.8252.973.061.701.36
BrazilBOVESPA 107776982341465.2548.552.611.251.36
CanadaTSX 2426315886771465.5148.532.481.161.32
JapanFUKUOKA 125784362.4055.131.740.461.28
BelgiumBRUSSELS 2336155578966.5750.742.120.891.23
PortugalLISBON 40826616265.2060.901.420.261.17
USNYSE 74858490312354765.5348.002.161.021.14
GermanyXETRA 2522317040816467.6247.862.010.881.13
ItalyBORSA 1748812084584269.1048.342.030.921.11
SingaporeSGX 45172790124161.7744.482.261.151.11
NetherlandsAMSTERDAM 48263257159667.4949.001.830.761.06
ChileBCS 63042427967.3065.801.190.191.00
SpainIBEX 50132118664.0757.941.260.270.98
MexicoBMV 54640826274.7364.221.160.280.88
RussiaMICEX 34023813370.0055.881.290.420.87
FOREXFOREX 65948723573.9048.251.400.530.86
BrazilBOVESPA 36324514167.4957.551.340.480.86
Greece ATHENS 38324014362.6659.581.140.290.85
CanadaTSX 44231619471.4961.391.120.280.84
SwitzerlandSIX 80185193235564.9045.251.630.800.83
TurkeyBIST 38621212454.9258.491.130.330.79
USPREFERRED 58393585151061.4042.121.340.590.75
Austria WIENERBORSE 33821212062.7256.601.070.320.75
GermanyXETRA 36623113163.1156.711.030.300.73
JapanTOKYO 43428216464.9858.160.960.240.72
UKLSE 55038121569.2756.430.930.230.70
TaiwanGTSM 34622712965.6156.830.880.190.70
FrancePARIS 38424013462.5055.831.020.330.70
ItalyBORSA 38424013462.5055.831.020.330.69
UAEUAE 59643325572.6558.890.890.200.69
NetherlandsAMSTERDAM 41826715163.8856.550.950.280.67
BelgiumBRUSSELS 41826715163.8856.550.950.280.67
IsraelTASE 40829417672.0659.860.910.270.65
NorwayOSE 42828416466.3657.750.860.240.61
Poland GPW 40225714763.9357.200.850.260.59
ArgentinaBUE 36622713062.0257.270.980.390.59
Hong KongHKEX 36127015674.7957.780.760.180.58
AustraliaASX 42932319175.2959.130.800.220.58
South KoreaKOSDAQ 50734120267.2659.240.780.230.55
ChinaSSE 33923313868.7359.230.750.200.55
MalaysiaBURSA 36022912563.6154.590.810.280.52
USFOREX 74652328370.1154.110.710.190.52
IndiaNSE 32522912770.4655.460.690.200.49
ThailandSET 50234620368.9258.670.630.160.47
DenmarkCOPENHAGEN 39525813965.3253.880.710.240.47
SwitzerlandSIX 39226413267.3550.000.790.330.46
PakistanKSE 46028314661.5251.590.750.340.41
SwedenSTOCKHOLM 50035118470.2052.420.670.280.39
Vietnam HOSE 36525614070.1454.690.610.240.36
IndonesiaIDX 29318910664.5156.080.670.320.35
PhilippinesPSE 41928814968.7451.740.600.240.35
SingaporeSGX 45531015968.1351.290.460.210.25
BangladeshDSE 49132514666.1944.920.510.270.25
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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