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 91754785.7160.267.901.826.08
CanadaTSX-V 28620011469.9357.007.192.404.79
USOTC PINK 54742622878.6153.
ArgentinaBUE 46302265.2273.334.100.573.53
NorwayOSE 133925169.1755.435.121.643.48
IndonesiaIDX 28020011371.4356.504.320.933.39
QatarQE 191914100.0073.683.840.583.26
Poland GPW 23818110176.0555.803.540.862.68
PakistanKSE 88804290.9152.503.581.092.49
PhilippinesPSE 107774071.9651.953.210.742.47
ChinaSZSE 1718118765469.0955.103.411.002.41
UKLSE 102172039070.5254.173.290.892.40
SwedenSTOCKHOLM 46431918468.7557.683.300.902.40
Hong KongHKEX 70250725572.2250.303.511.152.36
Saudi ArabiaTADAWUL 24319210679.0155.213.100.802.30
AustraliaASX 54237618669.3749.473.731.522.21
MalaysiaBURSA 2371698271.3148.523.721.552.17
IndiaNSE 103377139774.7351.423.331.222.11
South KoreaKOSDAQ 86163235273.4055.703.281.212.07
USNASDAQ 1519105855169.9151.883.221.202.02
DenmarkCOPENHAGEN 70462665.7156.522.430.461.98
MexicoBMV 76513167.1160.782.450.531.92
BrazilBOVESPA 159660.0066.672.000.111.89
USAMEX 1951446973.8547.922.770.891.88
EgyptEGX 48352072.9257.
IsraelTASE 1701267274.1257.142.660.891.77
BelgiumBRUSSELS 72523072.2257.692.400.631.77
ChinaSSE 109176542070.1254.902.620.891.74
Austria WIENERBORSE 2015875.0053.332.330.601.73
IndiaBSE 109282341475.3750.303.141.461.68
ChileBCS 27151055.5666.671.800.131.67
ThailandSET 40027413468.5048.912.741.081.65
The World 28450203841038871.6950.932.610.971.64
TurkeyBIST 36124513867.8756.332.531.011.52
UAEUAE 1612875.0066.671.920.421.50
TaiwanGTSM 53139319774.0150.132.420.931.50
Greece ATHENS 52412178.8551.222.631.201.44
KuwaitKSE 39311379.4941.942.521.131.39
South KoreaKRX 73353428872.9953.832.260.901.36
SpainIBEX 110874879.0955.172.571.231.34
Vietnam HOSE 1681307177.3854.622.280.951.32
FrancePARIS 53139019373.4549.492.170.891.27
CanadaTSX 95768030271.0644.412.060.801.27
ChileBCS 74563475.6860.711.700.501.20
IndiaNSE 777100.00100.
JapanTOKYO 2336164576470.4246.442.121.001.13
BangladeshDSE 1471095174.1546.792.080.961.12
RussiaMICEX 113773568.1445.451.960.881.08
USNYSE 2285164777772.0847.181.740.661.08
IsraelTASE 24191179.1757.891.110.111.00
TaiwanTWSE 76554626471.3748.351.780.810.97
PortugalLISBON 28201271.4360.
IndonesiaIDX 138661.5475.
UAEUAE 32281987.5067.861.040.180.86
ThailandSET 19131168.4284.620.850.080.77
SingaporeSGX 1913568.4238.460.850.080.77
BelgiumBRUSSELS 29221275.8654.550.910.180.73
NetherlandsAMSTERDAM 29221275.8654.550.910.180.73
South KoreaKOSDAQ 31241577.4262.500.960.250.71
Greece ATHENS 23171073.9158.820.820.120.71
Austria WIENERBORSE 23171073.9158.820.820.120.71
SingaporeSGX 121803566.1243.751.951.250.70
MexicoBMV 1410571.4350.001.000.300.70
Vietnam HNX 44291365.9144.832.451.760.69
NetherlandsAMSTERDAM 1561184475.6437.291.270.590.68
SpainIBEX 31211167.7452.380.710.100.62
ItalyBORSA 25181072.0055.560.780.170.61
GermanyXETRA 25181072.0055.560.780.170.61
FrancePARIS 25181072.0055.560.780.170.61
UKLSE 23151065.2266.670.670.070.60
ItalyBORSA 51236416371.0944.781.220.620.60
RussiaMICEX 31211667.7476.190.900.330.57
Poland GPW 31281390.3246.430.890.320.57
BrazilBOVESPA 2791857966.3142.701.681.120.56
SwitzerlandSIX 1871144960.9642.981.020.470.54
PortugalLISBON 29261389.6650.001.310.770.54
MalaysiaBURSA 22151068.1866.670.600.070.53
GermanyXETRA 61644522872.2451.241.140.660.48
DenmarkCOPENHAGEN 34261676.4761.540.580.120.46
Hong KongHKEX 1913668.4246.150.540.080.46
TaiwanGTSM 1610862.5080.000.600.200.40
SwitzerlandSIX 32201162.5055.000.600.200.40
SwedenSTOCKHOLM 32241475.0058.330.580.210.38
ArgentinaBUE 22171277.2770.590.760.410.35
NorwayOSE 34261776.4765.380.460.150.31
JapanTOKYO 28171160.7164.710.530.240.29
PakistanKSE 3224875.0033.330.710.460.25
BangladeshDSE 2714751.8550.000.360.140.21
Vietnam HOSE 28191367.8668.420.420.210.21
PhilippinesPSE 1612675.0050.000.500.330.17
USFOREX 28241185.7145.830.250.080.17
TurkeyBIST 1710458.8240.000.500.400.10
FOREXFOREX 32211165.6352.380.380.290.10
USPREFERRED 2641786267.4234.830.400.320.08
ChinaSSE 1510566.6750.
AustraliaASX 2416766.6743.750.250.31-0.06
JapanNAGOYA 138461.5450.001.381.50-0.13
OmanMSM 551100.0020.000.200.40-0.20
CanadaTSX 2114266.6714.290.140.57-0.43
JapanFUKUOKA 127158.3314.290.431.43-1.00
JapanSAPPORO 21050.
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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