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 1/1/2019
Stock Exchange 
Per Trade 
Total Net% Descending
BrazilBOVESPA 2111852.3872.731.730.091.64
ChileBCS 36211458.3366.671.570.141.43
IsraelTASE 42312073.8164.521.260.101.16
IndiaNSE 20141270.0085.711.070.290.79
South KoreaKOSDAQ 53402275.4755.000.930.200.73
UAEUAE 69503072.4660.000.820.160.66
IndonesiaIDX 27191370.3768.420.890.260.63
PakistanKSE 56351462.5040.001.030.400.63
PortugalLISBON 50321764.0053.130.780.160.63
ThailandSET 44282063.6471.430.640.040.61
SingaporeSGX 37271172.9740.740.740.150.59
USFOREX 56472283.9346.810.600.110.49
Austria WIENERBORSE 44281563.6453.570.610.140.46
Greece ATHENS 44281563.6453.570.610.140.46
NetherlandsAMSTERDAM 54351764.8148.570.660.200.46
BelgiumBRUSSELS 54351764.8148.570.660.200.46
Poland GPW 56442178.5747.730.750.300.45
TurkeyBIST 3525971.4336.001.080.640.44
DenmarkCOPENHAGEN 52362069.2355.560.560.140.42
SpainIBEX 54341762.9650.000.560.150.41
PhilippinesPSE 32231271.8852.170.650.260.39
ItalyBORSA 49311563.2748.390.550.190.35
FrancePARIS 49311563.2748.390.550.190.35
GermanyXETRA 49311563.2748.390.550.190.35
OmanMSM 76285.7133.330.670.330.33
UKLSE 43281665.1257.140.460.140.32
ArgentinaBUE 37271472.9751.850.740.440.30
Hong KongHKEX 48341470.8341.180.410.120.29
MalaysiaBURSA 39261566.6757.690.380.120.27
RussiaMICEX 57452878.9562.220.620.360.27
TaiwanGTSM 26191373.0868.420.470.210.26
SwedenSTOCKHOLM 51351868.6351.430.460.200.26
MexicoBMV 2822978.5740.910.550.320.23
ChinaSSE 31231274.1952.170.350.170.17
FOREXFOREX 61482878.6958.330.400.230.17
JapanTOKYO 55382069.0952.630.450.290.16
AustraliaASX 36271475.0051.850.410.260.15
SwitzerlandSIX 52351667.3145.710.400.260.14
NorwayOSE 51371872.5548.650.350.220.14
Vietnam HOSE 46331871.7454.550.330.270.06
The World 39879179994171.093.320.080.020.05
NetherlandsAMSTERDAM 1581169.620.910.040.000.04
BangladeshDSE 57311254.3938.710.230.190.03
IndiaBSE 12591174.580.
ThailandSET 6171169.370.
BangladeshDSE 2601176.920.500.000.000.00
USOTC PINK 10950078.
USNYSE 20760070.
USNASDAQ 19360072.420.
TurkeyBIST 6260063.740.
TaiwanGTSM 7440073.520.
TaiwanTWSE 9640069.
USAMEX 3790071.500.
UKLSE 13170073.500.
Vietnam HOSE 2910071.480.
Vietnam HNX 1170071.790.
USWARRANTS 190078.950.
PortugalLISBON 190078.950.
Poland GPW 3720069.890.
PakistanKSE 1320074.
PhilippinesPSE 1540074.680.
RussiaMICEX 2950066.780.
SwedenSTOCKHOLM 7660069.580.
SingaporeSGX 1600072.500.
IndonesiaIDX 6430069.360.
IndiaNSE 12740073.630.
ItalyBORSA 5970072.700.
EgyptEGX 920071.740.
JordanASE 70057.
South KoreaKOSDAQ 14080073.
South KoreaKRX 9840071.
JapanNAGOYA 330060.610.
JapanFUKUOKA 70028.570.
NorwayOSE 1770068.930.
MalaysiaBURSA 3960067.680.
MexicoBMV 1210077.690.
UAEUAE 390053.850.
Saudi ArabiaTADAWUL 2570070.430.
QatarQE 360072.
KuwaitKSE 860067.440.
SpainIBEX 810072.840.
DenmarkCOPENHAGEN 750065.330.
GermanyXETRA 7770069.500.
Greece ATHENS 900076.670.
FrancePARIS 5420070.660.
Hong KongHKEX 7790071.630.
ChinaSZSE 15940068.700.
ChinaSSE 13340070.
ChileBCS 700074.
SwitzerlandSIX 2040062.
CanadaCSE 2090077.990.
CanadaTSX-V 5180076.
BrazilBOVESPA 6650069.
AustraliaASX 10150073.600.
Austria WIENERBORSE 140071.430.
ArgentinaBUE 800061.
BelgiumBRUSSELS 590062.710.
CanadaTSX 9102167.360.
USPREFERRED 3411066.860.
JapanTOKYO 25771071.
IsraelTASE 5192073.
CanadaTSX 4132778.0521.880.250.50-0.25
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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