BEARISH ENGULFING
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.
BEARISH ENGULFING
Definition
This pattern is characterized by a large black body engulfing a preceding smaller white body, which appears during an uptrend. The black body does not necessarily engulf the shadows of the white body but totally engulfs the body itself. This is an important top reversal signal.
Recognition Criteria
1. The market is characterized by a prevailing uptrend.
2. A white body is formed observed on the first day.
3. The black body that is formed on the second day completely engulfs the white body of the preceding day.
Pattern Requirements and Flexibility
The length of the first white candlestick is not important. It can even be a Doji. The second one, however, has to be a normal or long black candlestick. Either the body tops or the body bottoms of the two candlesticks may be at the same level, but in any case, the black body of the Bearish Engulfing Pattern should be longer than the previous white body.
Trader’s Behavior
While the market is characterized by a definite uptrend, lower volume of buying is observed with the occurrence of a white body on the first day. The next day, the market opens at new highs. It looks as if there’s going to be more bullish trading, however the uptrend loses momentum and the bears take the lead during the day. The selling pressure overcomes buying and finally the market closes below the open of the previous day. The uptrend is damaged.
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.
Title
Pattern Performance in Stock Exchanges since 1/1/2021
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
USOTCBB 31211867.7485.7118.050.4317.62
JapanSAPPORO 2010850.0080.005.900.305.60
OmanMSM 134944873.1348.983.440.912.53
RussiaMICEX 55836621265.5957.921.870.461.41
PortugalLISBON 59137922364.1358.841.230.270.96
ChileBCS 94663740167.3462.951.170.270.90
SpainIBEX 74647927364.2156.991.130.280.85
MexicoBMV 76957035574.1262.281.170.320.85
CanadaTSX 60844427373.0361.491.060.260.80
Greece ATHENS 57936020862.1857.781.120.330.80
PakistanKSE 72644524061.2953.931.110.320.78
FOREXFOREX 98872738173.5852.411.110.360.75
Poland GPW 64042724566.7257.381.020.270.74
UKLSE 82956732968.4058.020.950.210.74
IsraelTASE 62244426771.3860.141.010.270.74
UAEUAE 93065338670.2259.110.900.200.70
BrazilBOVESPA 55137120867.3356.061.200.520.69
GermanyXETRA 54233719162.1856.680.970.280.69
Austria WIENERBORSE 52232217961.6955.591.030.350.68
FrancePARIS 58536220061.8855.251.000.350.66
ItalyBORSA 58536220061.8855.251.000.350.65
BelgiumBRUSSELS 59838221863.8857.070.910.260.65
NetherlandsAMSTERDAM 59838221863.8857.070.910.260.65
Hong KongHKEX 55340123272.5157.860.820.180.65
IndiaNSE 47233219270.3457.830.840.200.64
USFOREX 107473240668.1655.460.820.200.62
TurkeyBIST 56531017154.8755.161.000.420.58
TaiwanGTSM 53034819265.6655.170.780.210.57
NorwayOSE 56137520466.8454.400.850.290.57
JapanTOKYO 64341722564.8553.960.880.320.56
South KoreaKOSDAQ 78052329467.0556.210.800.260.53
ChinaSSE 52335320667.5058.360.750.220.53
SwitzerlandSIX 56038319868.3951.700.800.280.51
Vietnam HOSE 54737621268.7456.380.780.270.51
MalaysiaBURSA 53033117062.4551.360.780.280.50
AustraliaASX 64548827675.6656.560.750.260.49
DenmarkCOPENHAGEN 56437021065.6056.760.690.240.45
SwedenSTOCKHOLM 65445323769.2752.320.700.280.43
ThailandSET 81255331968.1057.690.630.210.42
PhilippinesPSE 64944223968.1054.070.640.250.39
SingaporeSGX 68045224866.4754.870.540.170.37
IndonesiaIDX 44329315566.1452.900.710.370.33
BangladeshDSE 76149921365.5742.690.640.330.31
JapanFUKUOKA 1479762.597.610.170.020.15
PortugalLISBON 644251367.862.970.160.030.13
ArgentinaBUE 54432416659.5651.230.890.810.08
JapanNAGOYA 6036355.720.890.080.020.06
Vietnam HOSE 8338231465.230.260.030.010.02
EgyptEGX 4520241470.550.440.020.010.02
KuwaitKSE 1750161267.091.020.010.000.01
DenmarkCOPENHAGEN 3142231265.560.580.030.020.01
Austria WIENERBORSE 2347191268.260.750.020.010.01
IsraelTASE 1405812771.720.070.010.000.01
BangladeshDSE 70456576.180.090.010.000.01
UAEUAE 11525365.020.400.010.000.01
PhilippinesPSE 38106466.720.160.010.010.01
TaiwanGTSM 22231231269.040.080.010.000.01
TurkeyBIST 18689241767.480.130.010.000.00
ThailandSET 18510171065.990.080.010.000.00
IndonesiaIDX 140399668.490.060.000.000.00
ItalyBORSA 24013312068.510.120.000.000.00
South KoreaKOSDAQ 38324121171.070.040.000.000.00
South KoreaKRX 3353210768.490.030.000.000.00
TaiwanTWSE 33834251266.810.050.000.000.00
USPREFERRED 62396263.730.050.000.000.00
UKLSE 4646512668.940.020.000.000.00
SwedenSTOCKHOLM 23607251568.020.090.000.000.00
FrancePARIS 1818510567.730.040.000.000.00
JapanTOKYO 90074201067.070.020.000.000.00
Poland GPW 95262267.230.030.000.000.00
IndiaBSE 81031281672.200.030.000.000.00
SingaporeSGX 46421162.820.030.000.000.00
PakistanKSE 61901173.000.020.000.000.00
CanadaTSX 2585911566.070.030.000.000.00
NetherlandsAMSTERDAM 673610468.910.090.000.000.00
USNYSE 8853318866.310.010.000.000.00
RussiaMICEX 52300065.740.000.000.000.00
USNASDAQ 729000068.820.000.000.000.00
USAMEX 128020064.590.000.000.000.00
USOTC PINK 269540069.680.000.000.000.00
USWARRANTS 7260072.040.000.000.000.00
Vietnam HNX 25550062.970.000.000.000.00
JordanASE 2480057.260.000.000.000.00
Saudi ArabiaTADAWUL 67240069.410.000.000.000.00
QatarQE 9102168.790.160.000.000.00
MalaysiaBURSA 129160065.440.000.000.000.00
MexicoBMV 45100068.070.000.000.000.00
NorwayOSE 62300068.030.000.000.000.00
GermanyXETRA 391280068.290.000.000.000.00
ChinaSZSE 582500069.730.000.000.000.00
SpainIBEX 30450068.110.000.000.000.00
Greece ATHENS 21620069.200.000.000.000.00
AustraliaASX 2684823864.950.050.000.000.00
BelgiumBRUSSELS 25180067.870.000.000.000.00
CanadaTSX-V 63120070.980.000.000.000.00
BrazilBOVESPA 197290066.530.000.000.000.00
SwitzerlandSIX 103620066.110.000.000.000.00
ChinaSSE 5125011570.080.010.000.000.00
IndiaNSE 6371927872.870.020.000.000.00
Hong KongHKEX 3139910068.470.000.000.000.00
ArgentinaBUE 24352165.590.060.000.000.00
ChileBCS 14234169.500.100.000.01-0.01
CanadaCSE 17291071.950.000.000.02-0.02
The World 1259032859114826168.415.600.190.39-0.20
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 bulls.com© family websites

Disclaimers:

Government regulations require disclosure of the fact that while these methods may have worked in the past, past results are not necessarily indicative of future results. While there is a potential for profits there is also a risk of loss. There is substantial risk in security trading. Losses incurred in connection with trading stocks or futures contracts can be significant. You should therefore carefully consider whether such trading is suitable for you in the light of your financial condition since all speculative trading is inherently risky and should only be undertaken by individuals with adequate risk capital. Neither Americanbulls.com LLC, nor Candlesticker.com makes any claims whatsoever regarding past or future performance. All examples, charts, histories, tables, commentaries, or recommendations are for educational or informational purposes only.

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