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Markets › Palantir › Bearish engulfing

US stock market · candlestick pattern

Bearish engulfing on Palantir

On Palantir the bearish engulfing showed up 38 times. The target came first 42% of the time, the stop 58%, and 0% went nowhere within 12 candles.

Counted on Palantir: daily candles from September 2020 and hourly candles from October 2024.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily729%71%0%
Hourly3145%55%0%

Palantir against the rest

ChartsFoundTarget firstStop firstWent nowhere
Palantir3842%58%0%
All US stock market charts1,35937%61%2%
Every market19,16535%58%8%

Year by year

YearFoundTarget firstStop first
2024425%75%
20252339%61%
20261060%40%

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 Palantir

Inside bar · Stochastic bearish cross · Stochastic bullish cross · Spinning top · Gap up · MACD bearish cross · Gap down · RSI overbought drop · Doji · Volume profile rejection · all of them

The bearish engulfing elsewhere

Dow Jones · S&P 500 · Nasdaq 100 · Alibaba · Tesla · Broadcom · Oracle · Nvidia · Microsoft · Meta · Sensex · Nifty 50 · Nikkei 225 · Sony · GBP/USD · EUR/JPY · Gold · Silver

Questions

How often does the bearish engulfing work on Palantir?

In 38 cases on Palantir, the target (1.5 × ATR) came before the stop (1 × ATR) 42% of the time and the stop came first 58%; 0% went nowhere within 12 candles.

What is the bearish engulfing?

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