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Streaming Alert (Scanner)
5 Minute Bearish Engulfing Alert (NGD5)
By Daniel Mirkin, CEO, Trade Ideas. Updated October 2026.
Find stocks printing a bearish engulfing candle on the 5-minute chart in real time with Trade Ideas Streaming Alerts (Scanner). A bearish engulfing is a red candle that opens above and closes below the prior green candle, engulfing it. This alert checks 5 minute candles.
Candle patterns as they form.
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Streaming Alerts show a bearish engulfing the moment it completes, not on the next refresh.
How Trade Ideas finds it: by default, the 5 minute bearish engulfing alert appears when there is a bearish engulfing pattern on a 5 minute candlestick chart. See Trade Ideas plans and pricing to run it live.
What is a bearish engulfing pattern?
A bearish engulfing pattern is a green candle followed by a larger red candle. The red body opens at or above the green close and finishes below the green open.
It shows sellers erasing the last candle's gains in one move, which is why traders watch for it after a rally.
Parts of a bearish engulfing pattern
First candle
An up candle, often near the end of a rise.
Second candle
A red candle whose body swallows the green body.
Where it forms
After an advance it can mark a turn. In a flat market it means less.
How traders use it
Step 1: Let the Trade Ideas alert find it
Switch on NGD5, the 5 Minute Bearish Engulfing alert. It watches 5 minute candles on every stock and reports the pattern when the second candle closes. See it live in the Web Dashboard.
Step 2: Wait for the trigger
Trader tip
Traders who are long may treat the close of the red candle as a warning. Shorts often want follow-through on the next bar.
Step 3: Entry
A short entry near the red close, or on a bounce that fails inside the red body, are both common.
Step 4: Exit
Stops usually go above the high of the two candles. Treat that as common practice rather than a recommendation.
Tips
- Look for it near the day's high or a known resistance level.
- A big red candle on heavy volume is clearer than a small one.
- Do not fight a strong uptrend on one candle alone.
- See the bullish version, Bullish Engulfing (NGU5).
Past results, including backtests, are not indicative of future results.
How the 5 Minute Bearish Engulfing alert works
This alert signals the appearance of a bearish engulfing pattern on a traditional 5-minute candlestick chart. Components of a bearish engulfing pattern include:
- The first candlestick is typically a green or bullish candlestick, indicating an upward price movement
- The second candlestick is a red or bearish candlestick, indicating a downward price movement
- The bearish candlestick "engulfs" the bullish one, meaning it opens below and closes above the previous candlestick
This pattern often signifies a shift in market sentiment from bullish to bearish, as sellers have taken control and pushed the price lower.
Default settings
By default, the 5 minute bearish engulfing alert appears when there is a bearish engulfing pattern on a 5 minute candlestick chart.
Custom settings
Settings
For '5 Minute Bearish Engulfing' alerts, you have the option to use an alert specific filter. This filter is located immediately to the right of the corresponding alert and is always optional. You can decide to leave it blank if you want to receive more alerts, or you can fill it in to restrict the number of alerts you receive. This filter allows you to specify the quality of the alert. When you set a higher number for this filter, you are telling the alerts server to display only alerts that meet a higher quality standard, resulting in fewer alerts being shown.
When setting an alert for '5 Minute Bearish Engulfing', the user can filter these alerts by a grade of how on how closely the stock chart matches the ideal shape of the stock pattern. 0 would mean there was no match. 100 would mean it's an ideal match.
What the alert shows you
The description of the alert will give a more comprehensive breakdown of the alert.
Key point
The quality value on a scan using the "5 Minute Bearish Engulfing" represents the grade based on how closely the stock chart matches the ideal shape of the stock pattern. 0% would mean that there was no match at all. Of course, if a stock pattern is this poor a match, then we are unlikely to report an alert. 100% would be an ideal match. Again, this would be an ideal and extreme case. Few if any alerts come close to 100%.
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Filters to pair with the 5 Minute Bearish Engulfing alert
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FAQ
Which stocks are forming a bearish engulfing candle on the 5 minute chart right now?
Turn on the 5 Minute Bearish Engulfing alert (NGD5) in Trade Ideas Streaming Alerts. By default, the 5 minute bearish engulfing alert appears when there is a bearish engulfing pattern on a 5 minute candlestick chart.
What is the 5 Minute Bearish Engulfing alert?
A bearish engulfing is a red candle that opens above and closes below the prior green candle, engulfing it. This alert checks 5 minute candles.
How do I see fewer, higher-quality 5 Minute Bearish Engulfing alerts?
Use the optional alert-specific filter immediately to the right of the alert. A higher number tells the alerts server to show only higher-quality alerts, so fewer appear. Leave it blank to see more.
What is the opposite of the 5 Minute Bearish Engulfing alert?
Is bearish engulfing a sell signal?
Many traders read it as a warning of a possible turn lower. Whether to sell depends on your plan.
How big does the red candle have to be?
Its body has to cover the green body completely. Bigger usually reads clearer.
What is the difference between bearish engulfing and dark cloud cover?
In dark cloud cover the red candle closes below the middle of the green candle but not below its open. Engulfing goes all the way.
Does Trade Ideas offer other timeframes?
Yes. There are 10, 15 and 30 minute versions too.