it is close, but doesn’t meet all requirements.

A Bearish Engulfing Pattern has a black body (a close below the open) that completely covers or engulfs the body of the previous day, that means Tuesday’s open would’ve been above Monday’s close (white body with a close above the open), and Tuesday’s close below Monday’s open (Tuesday’s black body would then completely engulf Monday’s white body).

With respect to setup S4 only a lower close than the previous session’s close was requested (and a completey coverage of the entire range, not the body alone), and even if we would’ve had another white candle on Tuesday’s session (a close above the open) setup S4 would have been fulfilled due to the fact that it relates to the entire range (high and low), not to the open and close (body).

The SPX didn’t post a Bearish Engulfing Pattern on Tuesday’s session (due to an open below Monday’s close), but the SPY and the ES E-mini in fact did.

If I’ve the time I’ll check for that setup as well. Thanks for the suggestion.

Best,
Frank

Is your S4 basically a statistical analysis of a Japanese Candlesticks Bearish Engulfing Pattern?