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 1/1/2016
Stock Exchange 
Per Trade 
Total Net% Descending
CanadaCSE 100825086.0058.147.841.726.12
CanadaTSX-V 28620111570.2857.
USOTC PINK 58845725478.4055.107.673.034.64
ArgentinaBUE 46302265.2273.334.100.573.53
NorwayOSE 141965468.0956.255.081.573.51
QatarQE 21191490.4873.683.740.583.16
IndonesiaIDX 29921311771.2454.934.001.062.94
Poland GPW 25419110875.2056.543.470.932.54
UKLSE 108175741170.0354.293.360.882.48
Hong KongHKEX 73452626871.6650.953.511.132.38
PakistanKSE 88804290.9152.503.391.092.30
PhilippinesPSE 113814271.6851.853.060.772.30
ChinaSZSE 1820126169169.2954.803.281.012.26
SwedenSTOCKHOLM 49133518768.2355.823.160.912.25
Saudi ArabiaTADAWUL 25920311178.3854.682.980.812.17
MalaysiaBURSA 2461748470.7348.283.681.532.16
AustraliaASX 56939319769.0750.133.671.522.15
IndiaNSE 106879741774.7252.263.321.182.14
South KoreaKOSDAQ 90967037773.7156.273.341.202.14
USNASDAQ 1586110257169.6751.673.201.192.00
MexicoBMV 80543367.5061.112.500.502.00
DenmarkCOPENHAGEN 69462666.6756.522.430.461.98
BrazilBOVESPA 159660.0066.672.000.111.89
EgyptEGX 50372274.0059.463.051.221.84
Austria WIENERBORSE 2115871.4353.332.400.601.80
IsraelTASE 1811337573.4856.392.720.921.80
SpainIBEX 110895280.9158.432.841.101.74
IndiaBSE 112184643175.4750.953.181.471.72
ChinaSSE 118182445469.7755.102.570.891.68
BelgiumBRUSSELS 75543172.0057.412.330.671.67
ChileBCS 27151055.5666.671.800.131.67
ThailandSET 42328613767.8547.742.731.101.63
The World 29960213591087371.3550.872.600.971.63
USAMEX 2161527170.3746.712.580.951.63
TurkeyBIST 37725814768.4456.982.520.991.53
UAEUAE 1612875.0066.671.920.421.50
South KoreaKRX 77356230872.8354.712.290.881.41
TaiwanGTSM 56441520573.5849.402.320.941.38
CanadaTSX 99870731770.8444.842.150.791.36
KuwaitKSE 44341577.2744.122.321.061.26
Vietnam HOSE 1861447777.4253.472.130.891.24
BangladeshDSE 1541165675.3248.282.190.971.22
FrancePARIS 54940119673.0448.882.100.921.18
Greece ATHENS 53412077.3648.782.461.321.15
IndiaNSE 777100.00100.
ChileBCS 78603676.9260.001.620.521.10
JapanTOKYO 2464173180470.2546.452.101.021.08
USNYSE 2410171680471.3346.771.690.661.03
RussiaMICEX 122853769.6743.531.960.990.98
IsraelTASE 25201280.0060.
TaiwanTWSE 81857827170.6646.891.700.810.89
IndonesiaIDX 138661.5475.
PortugalLISBON 30221373.3359.
UAEUAE 35301985.7163.330.970.230.73
ThailandSET 23151365.2286.670.800.070.73
SingaporeSGX 126813564.2943.211.901.190.72
South KoreaKOSDAQ 35251571.4360.000.920.240.68
ItalyBORSA 53737616670.0244.151.270.610.66
Vietnam HNX 47321568.0946.882.311.660.66
BelgiumBRUSSELS 31241377.4254.170.830.210.63
NetherlandsAMSTERDAM 31241377.4254.170.830.210.63
MexicoBMV 1612675.0050.000.830.250.58
Greece ATHENS 25191176.0057.890.740.160.58
Austria WIENERBORSE 25191176.0057.890.740.160.58
Poland GPW 35301485.7146.670.900.330.57
UKLSE 27161059.2662.500.630.060.56
BrazilBOVESPA 3061968064.0540.821.651.110.54
PortugalLISBON 29261389.6650.001.310.770.54
SingaporeSGX 2115571.4333.330.730.200.53
SpainIBEX 33231269.7052.170.650.130.52
RussiaMICEX 33231769.7073.910.830.300.52
NetherlandsAMSTERDAM 1611214575.1637.191.140.620.52
GermanyXETRA 27201174.0755.000.700.200.50
FrancePARIS 27201174.0755.000.700.200.50
ItalyBORSA 27201174.0755.000.700.200.50
SwitzerlandSIX 1941175060.3142.740.970.490.49
GermanyXETRA 65546824071.4551.281.110.660.45
Hong KongHKEX 2114666.6742.860.500.070.43
DenmarkCOPENHAGEN 37261670.2761.540.540.120.42
MalaysiaBURSA 26171165.3864.710.470.060.41
ArgentinaBUE 24181375.0072.220.780.390.39
SwitzerlandSIX 33211263.6457.140.570.190.38
SwedenSTOCKHOLM 37271772.9762.960.560.190.37
TaiwanGTSM 1711964.7181.820.550.180.36
JapanTOKYO 29181262.0766.670.560.220.33
PakistanKSE 3224875.0033.330.710.460.25
NorwayOSE 37291778.3858.620.410.170.24
BangladeshDSE 2714751.8550.000.360.140.21
PhilippinesPSE 1712670.5950.000.500.330.17
FOREXFOREX 35231365.7156.520.390.260.13
TurkeyBIST 1710458.8240.000.500.400.10
Vietnam HOSE 33221466.6763.640.360.270.09
USFOREX 32261181.2542.310.230.150.08
USPREFERRED 2751846566.9135.330.400.320.08
AustraliaASX 2619973.0847.370.210.26-0.05
ChinaSSE 1811561.1145.450.180.27-0.09
OmanMSM 551100.0020.000.200.40-0.20
JapanNAGOYA 159460.0044.441.221.44-0.22
CanadaTSX 2215368.1820.000.270.53-0.27
JapanSAPPORO 21050.
JapanFUKUOKA 127158.3314.290.431.43-1.00
JordanASE 662100.0033.330.673.33-2.67
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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