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.
This is a confirmed Bearish Engulfing pattern. The first two lines are exactly the same as the Bearish Engulfing pattern and the third day represents its confirmation.
Recognition Criteria
1. The market is characterized by a prevailing uptrend.
2. We see a Bearish Engulfing pattern in the first two days.
3. Then, we see a black candlestick on the third day with a lower close than the second day.
Pattern Requirements and Flexibility
A Bearish Engulfing pattern should be identified with all previously set rules. The third day should be a black day with a lower close.
Trader’s Behavior
The first two days of the Bearish Three Outside Down is simply a Bearish Engulfing Pattern, and the third day confirms that the uptrend is damaged as suggested by this pattern, since it is a black candlestick closing with a new low for the last three days. However, for a bearish reversal, there is still a need for a further confirmation.
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.
Pattern Performance in Stock Exchanges since 1/1/2020
Stock Exchange 
Per Trade 
Total Net% Descending
BrazilBOVESPA 2111852.3872.731.730.091.64
ChileBCS 36211458.3366.671.570.141.43
IsraelTASE 43322174.4265.631.310.091.22
South KoreaKOSDAQ 54412375.9356.100.930.200.73
ThailandSET 45292164.4472.410.760.030.72
IndiaNSE 22151268.1880.001.000.330.67
UAEUAE 71523173.2459.620.810.170.63
PakistanKSE 56351462.5040.001.030.400.63
PortugalLISBON 52341865.3852.940.760.180.59
SingaporeSGX 38281173.6839.290.710.140.57
IndonesiaIDX 30221473.3363.640.860.360.50
USFOREX 56472283.9346.810.600.110.49
Poland GPW 59452176.2746.670.730.290.44
Austria WIENERBORSE 46301665.2253.330.600.170.43
NetherlandsAMSTERDAM 56371866.0748.650.650.220.43
BelgiumBRUSSELS 56371866.0748.650.650.220.43
MexicoBMV 32261281.2546.150.690.270.42
Greece ATHENS 47311765.9654.840.580.160.42
MalaysiaBURSA 41271665.8559.260.520.110.41
UKLSE 45301766.6756.670.530.130.40
PhilippinesPSE 35251371.4352.000.720.320.40
SpainIBEX 56361864.2950.000.560.170.39
TurkeyBIST 3726970.2734.621.040.650.38
DenmarkCOPENHAGEN 54382170.3755.260.530.160.37
FrancePARIS 51331664.7148.480.550.210.33
GermanyXETRA 51331664.7148.480.550.210.33
OmanMSM 76285.7133.330.670.330.33
ItalyBORSA 51331664.7148.480.550.210.33
ArgentinaBUE 37271472.9751.850.740.440.30
Hong KongHKEX 50351470.0040.000.400.110.29
RussiaMICEX 58452877.5962.220.620.360.27
TaiwanGTSM 27201374.0765.000.450.200.25
SwedenSTOCKHOLM 53361867.9250.000.440.220.22
ChinaSSE 31231274.1952.170.350.170.17
FOREXFOREX 61482878.6958.330.400.230.17
JapanTOKYO 56392169.6453.850.440.280.15
AustraliaASX 36271475.0051.850.410.260.15
SwitzerlandSIX 52351667.3145.710.400.260.14
NorwayOSE 51371872.5548.650.350.220.14
IndonesiaIDX 6581169.450.
Vietnam HOSE 48331868.7554.550.330.270.06
The World 37337181695270.813.600.080.020.06
NetherlandsAMSTERDAM 1461163.701.
BangladeshDSE 57311254.3938.710.230.190.03
ThailandSET 6081167.
IndiaBSE 13951175.
USWARRANTS 190078.950.
TaiwanGTSM 6910073.
JapanTOKYO 27000072.
USAMEX 3870070.
UKLSE 11570072.430.
TurkeyBIST 6160066.
USOTC PINK 7360077.990.
USNYSE 23310068.
Vietnam HOSE 2950070.850.
Vietnam HNX 1170073.500.
PortugalLISBON 130069.
PakistanKSE 1170070.940.
PhilippinesPSE 1420076.
RussiaMICEX 2670068.
SwedenSTOCKHOLM 7560069.440.
SingaporeSGX 1560071.790.
SpainIBEX 610072.
DenmarkCOPENHAGEN 600063.330.
GermanyXETRA 7800070.640.
Greece ATHENS 710070.420.
FrancePARIS 4990070.
Hong KongHKEX 7290070.920.
ChinaSZSE 17660070.840.
ChinaSSE 16230069.810.
ChileBCS 470070.
SwitzerlandSIX 2070068.
CanadaCSE 1730077.460.
CanadaTSX-V 4830076.810.
BrazilBOVESPA 6510069.430.
AustraliaASX 9340071.520.
Austria WIENERBORSE 200070.
ArgentinaBUE 900061.
BangladeshDSE 2210075.570.
BelgiumBRUSSELS 520067.310.
KuwaitKSE 600061.670.
UAEUAE 340050.
Saudi ArabiaTADAWUL 2030067.490.
QatarQE 320075.
NorwayOSE 1620067.
MalaysiaBURSA 4250066.350.
MexicoBMV 1140078.
EgyptEGX 870075.860.
JordanASE 60033.330.
South KoreaKOSDAQ 15340071.
South KoreaKRX 10690071.
ItalyBORSA 5590072.
JapanNAGOYA 300066.670.
JapanFUKUOKA 70042.860.
IndiaNSE 14600073.770.
CanadaTSX 8362168.660.
USPREFERRED 3411066.860.
USNASDAQ 18761071.540.
Poland GPW 3922070.410.
IsraelTASE 5071072.
TaiwanTWSE 9202170.330.150.000.02-0.01
CanadaTSX 4132878.0525.000.280.50-0.22
JapanSAPPORO 21050.
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© family websites


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