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
CanadaCSE 1742123876571.3561.548.832.676.16
JapanSAPPORO 2010850.0080.005.900.305.60
USOTC PINK 27285189541037369.6254.616.552.843.71
Vietnam HNX 2563162391663.3256.444.741.493.24
IndonesiaIDX 140779635534968.4455.524.171.182.98
BangladeshDSE 70875376330875.8661.534.111.152.96
USNASDAQ 73502504532759868.6654.684.591.672.93
Hong KongHKEX 31262213121194668.1756.054.201.352.84
CanadaTSX-V 63794504245970.6154.605.692.852.84
EgyptEGX 44923179181770.7757.164.171.372.80
South KoreaKOSDAQ 37408263821564070.7359.114.021.282.74
SwedenSTOCKHOLM 2392016237905467.9855.684.201.482.72
OmanMSM 134944873.1348.983.440.912.53
TurkeyBIST 1854612528697367.6355.603.891.482.41
NorwayOSE 62694232226367.6753.353.821.472.35
Vietnam HOSE 83685428304564.8756.103.391.052.33
ChinaSZSE 57741400772321569.4157.933.411.112.30
PhilippinesPSE 38642559140366.2354.833.261.022.24
PakistanKSE 61394489251273.1255.963.711.492.22
Poland GPW 95436404346467.1154.093.711.512.20
IsraelTASE 1407410086565971.6656.113.271.072.20
UKLSE 46323318791684768.8552.823.181.052.13
ChinaSSE 50483353232043069.9757.843.100.992.11
FrancePARIS 1824812308658367.6053.373.141.032.11
IndiaBSE 80619582343156972.2554.193.731.751.98
MalaysiaBURSA 130388483429165.0650.583.341.391.95
DenmarkCOPENHAGEN 32302117108665.5451.303.061.121.94
SpainIBEX 30752107114868.5254.493.051.111.93
IndiaNSE 63545463212515972.9254.293.381.461.91
South KoreaKRX 33693230141278268.3055.542.851.011.84
TaiwanGTSM 2216015309852469.0855.682.841.011.83
Saudi ArabiaTADAWUL 66544641267969.7557.722.570.751.82
ThailandSET 1874112311616465.7350.042.921.101.82
QatarQE 92162837168.1959.082.500.691.81
MexicoBMV 45463099158568.1751.153.181.391.78
ChileBCS 142297353868.4255.292.670.961.71
UAEUAE 114974537964.8450.872.640.951.69
USAMEX 128388262403364.3648.812.841.211.63
BrazilBOVESPA 1963612982663866.2950.992.671.041.63
The World 125825585056145663568.2653.173.111.541.57
AustraliaASX 2705717551843564.8748.063.341.791.54
Austria WIENERBORSE 2352160584868.2452.832.671.131.54
BelgiumBRUSSELS 2551172286167.5050.002.430.901.54
TaiwanTWSE 33698224681175466.6752.312.430.951.48
Greece ATHENS 2152149273169.3348.992.741.281.47
RussiaMICEX 55636421065.4757.691.860.461.40
KuwaitKSE 1750116662266.6353.342.461.101.37
CanadaTSX 2618117200858265.7249.882.501.181.33
PortugalLISBON 64543922268.0650.572.190.931.26
JapanTOKYO 90653606583068366.9150.582.371.121.25
USNYSE 88381583522868266.0249.152.281.071.21
ItalyBORSA 2404316425808268.3849.162.080.891.18
SingaporeSGX 46862954134963.0445.672.311.161.14
NetherlandsAMSTERDAM 67864655227068.6048.761.960.831.13
GermanyXETRA 39041265721307168.0649.191.970.861.11
JapanNAGOYA 63635816356.2945.532.071.100.96
PortugalLISBON 59037922464.2459.101.230.270.96
SwitzerlandSIX 104036842320165.7746.781.820.860.96
JordanASE 2491436157.4342.662.271.320.95
ChileBCS 93863039867.1663.171.170.270.90
MexicoBMV 76356235273.6662.631.190.310.87
SpainIBEX 74347727464.2057.441.140.280.86
JapanFUKUOKA 1751105662.8650.911.430.600.83
Greece ATHENS 57635920962.3358.221.130.330.80
CanadaTSX 60544227073.0661.091.050.260.79
PakistanKSE 72244223761.2253.621.090.330.76
UKLSE 82656432868.2858.160.950.210.75
Poland GPW 63742724567.0357.381.020.270.74
FOREXFOREX 98672437873.4352.211.100.360.74
IsraelTASE 62144226571.1859.951.010.280.73
BrazilBOVESPA 55037020767.2755.951.210.520.69
UAEUAE 92564938270.1658.860.890.200.69
GermanyXETRA 54133719262.2956.970.970.280.69
Austria WIENERBORSE 51932118061.8556.071.030.350.68
FrancePARIS 58236120162.0355.681.010.340.66
ItalyBORSA 58236120162.0355.681.000.340.66
BelgiumBRUSSELS 59738221963.9957.330.910.260.65
NetherlandsAMSTERDAM 59738221963.9957.330.910.260.65
Hong KongHKEX 54839823072.6357.790.810.180.63
USFOREX 106973040468.2955.340.820.200.62
IndiaNSE 46932918970.1557.450.820.210.61
TurkeyBIST 56430917154.7955.341.000.410.59
TaiwanGTSM 53034819265.6655.170.780.210.57
NorwayOSE 56137520466.8454.400.850.290.57
JapanTOKYO 64341622564.7054.090.870.320.56
South KoreaKOSDAQ 77852229567.1056.510.800.260.54
ChinaSSE 51934920367.2458.170.750.220.53
SwitzerlandSIX 56038319868.3951.700.800.280.51
MalaysiaBURSA 52532716862.2951.380.780.280.50
Vietnam HOSE 54437321068.5756.300.760.270.50
AustraliaASX 64448727675.6256.670.750.260.49
DenmarkCOPENHAGEN 56337021165.7257.030.690.240.46
SwedenSTOCKHOLM 65445323769.2752.320.700.280.43
ThailandSET 81255231867.9857.610.620.210.41
PhilippinesPSE 64644023868.1154.090.650.250.40
SingaporeSGX 67844924666.2254.790.540.180.36
IndonesiaIDX 44129015365.7652.760.710.370.34
ArgentinaBUE 2300151174465.7049.242.902.590.31
BangladeshDSE 75749721165.6542.450.620.330.29
ArgentinaBUE 54032216459.6350.930.870.810.06
USPREFERRED 62396263.730.050.000.000.00
RussiaMICEX 52300065.740.000.000.000.00
USWARRANTS 7260072.040.000.000.000.00
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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