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Crypto · candlestick pattern

Bearish engulfing on Optimism

On Optimism the bearish engulfing showed up 338 times. The target came first 35% of the time, the stop 57%, and 8% went nowhere within 12 candles.

Counted on Optimism (OP/USDT): daily candles from June 2022, 4-hour candles from June 2022 and hourly candles from June 2022.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily1443%50%7%
4-hour7131%65%4%
Hourly25335%55%9%

Optimism against the rest

ChartsFoundTarget firstStop firstWent nowhere
Optimism33835%57%8%
All Crypto charts13,83735%57%9%
Every market19,16535%58%8%

Year by year

YearFoundTarget firstStop first
20223517%69%
20238734%54%
20248336%57%
20257643%53%
20265732%61%

The last 8 times

Counted by the Trading Class research engine on real past candles: entry at the signal candle's close, target 1.5 × ATR(14), stop 1 × ATR(14), 12 candles to decide, a candle that touches both counts as the stop. How we count. Past data, not a forecast and not advice.

What the bearish engulfing is

A red body swallows the green one before it. Sellers took control.

Picture a small green fish, then a bigger red fish that swallows it whole. In a bearish engulfing pattern, the red candle's body is so big it covers the whole green body before it. After a rise, it shows sellers suddenly took over.

The full bearish engulfing lesson, video and quiz ›

Other patterns on Optimism

Inside bar · Stochastic bullish cross · Stochastic bearish cross · Spinning top · Volume profile bounce · Volume profile rejection · Doji · MACD bullish cross · MACD bearish cross · EMA 9/21 bearish cross · all of them

The bearish engulfing elsewhere

Ethereum · Bitcoin · Solana · Litecoin · NEAR Protocol · Chainlink · Uniswap · BNB · Cardano · Polkadot · Sensex · Nifty 50 · Dow Jones · S&P 500 · Nikkei 225 · Sony · GBP/USD · EUR/JPY

Questions

How often does the bearish engulfing work on Optimism?

In 338 cases on Optimism, the target (1.5 × ATR) came before the stop (1 × ATR) 35% of the time and the stop came first 57%; 8% went nowhere within 12 candles.

What is the bearish engulfing?

A red body swallows the green one before it. Sellers took control.