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 1/1/2017
Stock Exchange 
Per Trade 
Total Net% Descending
CanadaCSE 1241016281.4561.398.742.006.74
USOTC PINK 72354429976.4954.077.782.944.85
Austria WIENERBORSE 2616861.5450.005.380.884.50
IndonesiaIDX 39028516873.0858.955.200.924.28
CanadaTSX-V 35726014872.8356.926.992.724.27
ArgentinaBUE 54362766.6775.004.560.504.06
NorwayOSE 1821206865.9356.674.530.983.54
IsraelTASE 30123314577.4162.233.790.802.99
SpainIBEX 112885378.5760.233.720.842.88
UKLSE 137198655072.0655.673.670.852.82
Poland GPW 36227314975.4154.584.061.262.80
SwedenSTOCKHOLM 67447426070.3354.853.841.062.78
Saudi ArabiaTADAWUL 26220312077.4859.113.450.682.77
Hong KongHKEX 117984744671.8452.663.781.092.69
PhilippinesPSE 1511095872.1953.213.420.772.65
AustraliaASX 81857429070.1750.524.201.562.63
ThailandSET 68947525168.9452.843.631.012.62
DenmarkCOPENHAGEN 85613671.7659.023.020.512.51
IndiaNSE 1446107859274.5554.923.651.142.51
USWARRANTS 32166.6750.003.000.502.50
KuwaitKSE 61442272.1350.003.611.142.48
IndiaBSE 1654121166473.2254.833.841.432.42
PakistanKSE 1491236482.5552.033.411.022.38
ChinaSZSE 2610179294768.6652.853.311.082.23
South KoreaKOSDAQ 1492111159474.6053.373.481.272.21
MalaysiaBURSA 37526013369.3351.153.501.332.17
USNASDAQ 2003141173170.4451.813.311.172.15
EgyptEGX 66483172.7364.583.080.942.15
QatarQE 25221788.0077.273.000.862.14
ChileBCS 99724472.7361.112.490.472.01
The World 39866284141480671.3152.082.910.981.93
BrazilBOVESPA 199647.3766.672.000.111.89
TaiwanGTSM 79758030272.7752.072.680.841.84
USAMEX 2811999470.8247.242.771.011.76
ChinaSSE 1887132368670.1151.852.580.941.64
CanadaTSX 118482338369.5146.542.470.861.62
BelgiumBRUSSELS 97704072.1657.142.160.561.60
SingaporeSGX 146924163.0144.572.761.171.59
TurkeyBIST 59439422166.3356.092.460.881.58
MexicoBMV 111784070.2751.282.450.881.56
PortugalLISBON 32271684.3859.261.930.371.56
FrancePARIS 67848927272.1255.622.220.671.55
RussiaMICEX 2851959068.4246.152.691.141.55
BrazilBOVESPA 40827412567.1645.622.701.171.54
Vietnam HNX 71462264.7947.832.831.331.50
JapanTOKYO 2897203298370.1448.382.481.021.46
ChileBCS 32191259.3863.161.580.161.42
USNYSE 2586184693871.3850.811.990.571.42
TaiwanTWSE 120586041571.3748.262.210.831.38
Vietnam HOSE 28221410975.8950.932.290.911.38
South KoreaKRX 123789147672.0353.422.331.001.33
BangladeshDSE 2421839075.6249.182.240.961.28
Greece ATHENS 103793776.7046.842.681.441.24
JapanNAGOYA 2012760.0058.331.580.421.17
NetherlandsAMSTERDAM 2121547072.6445.451.370.450.92
IsraelTASE 30221373.3359.090.950.090.86
ItalyBORSA 67446222068.5547.621.410.550.86
PortugalLISBON 38251465.7956.
IndiaNSE 108780.0087.501.000.250.75
UAEUAE 44342077.2758.820.910.180.74
UAEUAE 2620976.9245.001.701.000.70
GermanyXETRA 86261829971.6948.381.330.630.70
NetherlandsAMSTERDAM 40261465.0053.850.880.190.69
BelgiumBRUSSELS 40261465.0053.850.880.190.69
South KoreaKOSDAQ 39281671.7957.140.890.210.68
Greece ATHENS 32211265.6357.140.810.140.67
Austria WIENERBORSE 32211265.6357.140.810.140.67
IndonesiaIDX 1911857.8972.730.910.270.64
SpainIBEX 41261463.4153.850.730.120.62
GermanyXETRA 35221262.8654.550.770.180.59
FrancePARIS 35221262.8654.550.770.180.59
ItalyBORSA 35221262.8654.550.770.180.59
ThailandSET 34211561.7671.430.620.050.57
SwitzerlandSIX 2881938067.0141.451.220.650.56
SingaporeSGX 2316669.5737.500.750.190.56
UKLSE 28171160.7164.710.590.060.53
Poland GPW 40331582.5045.450.850.330.52
DenmarkCOPENHAGEN 44301868.1860.000.630.130.50
TaiwanGTSM 1812966.6775.000.580.170.42
PhilippinesPSE 2216972.7356.250.630.250.38
SwedenSTOCKHOLM 41291670.7355.170.520.170.34
MexicoBMV 1915778.9546.670.670.330.33
OmanMSM 76285.7133.330.670.330.33
Hong KongHKEX 2821975.0042.860.430.100.33
MalaysiaBURSA 33221466.6763.640.450.140.32
TurkeyBIST 2013665.0046.150.690.380.31
RussiaMICEX 38271971.0570.370.700.410.30
SwitzerlandSIX 37251567.5760.000.480.200.28
JapanTOKYO 33191257.5863.160.530.260.26
USPREFERRED 3172198769.0939.730.590.330.26
ArgentinaBUE 29211372.4161.900.670.480.19
PakistanKSE 3728975.6832.140.640.460.18
NorwayOSE 48361875.0050.000.360.190.17
FOREXFOREX 39261566.6757.690.380.230.15
USFOREX 41341582.9344.
Vietnam HOSE 39271569.2355.560.370.260.11
BangladeshDSE 3217753.1341.
JapanFUKUOKA 73242.8666.671.001.000.00
ChinaSSE 2114766.6750.
AustraliaASX 28211075.0047.620.240.240.00
CanadaTSX 2619573.0826.320.420.47-0.05
JapanSAPPORO 21050.
JordanASE 86275.0033.331.003.33-2.33
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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