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Japanese stock market · candlestick pattern

Bearish engulfing on SoftBank

On SoftBank the bearish engulfing showed up 34 times. The target came first 29% of the time, the stop 68%, and 3% went nowhere within 12 candles.

Counted on SoftBank Group: daily candles from January 2015 and hourly candles from September 2024.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily1323%77%0%
Hourly2133%62%5%

SoftBank against the rest

ChartsFoundTarget firstStop firstWent nowhere
SoftBank3429%68%3%
All Japanese stock market charts12637%60%2%
Every market19,16535%58%8%

Year by year

YearFoundTarget firstStop first
2017425%75%
2024333%67%
20251533%60%
2026450%50%

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 SoftBank

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

The bearish engulfing elsewhere

Nikkei 225 · Sony · Toyota · Sensex · Nifty 50 · Dow Jones · S&P 500 · GBP/USD · EUR/JPY · Gold · Silver

Questions

How often does the bearish engulfing work on SoftBank?

In 34 cases on SoftBank, the target (1.5 × ATR) came before the stop (1 × ATR) 29% of the time and the stop came first 68%; 3% went nowhere within 12 candles.

What is the bearish engulfing?

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