BULLISH ENGULFING
The chart showing Series 1 series.
To see the performance of the pattern in your stock exchange in the context of other stock markets please examine the table below. Find your stock market there and see how it ranks among the others. This will give you an idea about the pattern’s strength and reliability and help you in your buying decisions.
BULLISH ENGULFING
Definition
This pattern is characterized by a large white body engulfing a preceding smaller black body, which appears during a downtrend. The white body does not necessarily engulf the shadows of the black body but totally engulfs the body itself. This is an important bottom reversal signal.
Recognition Criteria
1. The market is characterized by a prevailing downtrend.
2. A black body is observed on the first day.
3. The white body that is formed on the second day completely engulfs the black body of the preceding day.
Pattern Requirements and Flexibility
The length of the first black candlestick in Bullish Engulfing is not important. It can even be a Doji. However, the second one has to be a normal or long white candlestick. Either the body tops or the body bottoms of the two candlesticks may be at the same level, but in any case, the white body should be longer than the previous black body.
Trader’s Behavior
While the market is characterized by a downtrend, lower volume of selling is observed with the occurrence of a black body on the first day. The next day, the market opens at new lows. It looks as if there’s going to be more bearish trading, however the downtrend loses momentum and the bulls take the lead during the day. The buying pressure overcomes selling and finally the market closes above the open of the previous day. The downtrend is damaged.
Buy/Stop Loss Levels
The confirmation level is defined as the last close. Prices should cross above this level for confirmation.

The stop loss level is defined as the last low. Following the BUY, if prices go down instead of going up, and close or make two consecutive daily lows below the stop loss level, while no bearish pattern is detected, then the stop loss is triggered.
Title
Pattern Performance in Stock Exchanges since 1/1/2014
Country
Stock Exchange
Website
Patterns
Total
Confirmed
Total
Profitable
Signals
Confirmation
%
Profitable
Signal%
Per Trade
Samples
Profit%
Loss%
Total Net%(Descending)
JapanSAPPORO 23161169.5768.7510.811.009.81
ArgentinaBUE 52332721562.5265.757.440.766.68
USOTCBB 149864057.7246.518.602.835.78
IndiaBSE 1977012279732262.1159.637.021.365.66
IndiaNSE 137968858568564.2164.186.350.945.42
ChinaSZSE 19673144901030273.6571.105.790.725.07
USWARRANTS 138975870.2959.795.971.314.66
South KoreaKOSDAQ 136408617549463.1763.765.330.804.52
ChinaSSE 1391510243718573.6170.155.120.644.47
Hong KongHKEX 1780610509561259.0253.405.461.334.13
USOTC PINK 143858225398657.3748.306.993.003.99
RussiaMICEX 1682106162163.0858.534.640.893.74
NorwayOSE 1737102959759.8757.404.891.173.72
EgyptEGX 141990252363.5757.984.991.333.66
IndonesiaIDX 2682153082357.0553.794.610.963.66
UKLSE 150519658620064.1964.184.360.743.63
PortugalLISBON 40924814460.6458.064.491.053.44
USNASDAQ 29887195381211665.4961.904.190.883.31
South KoreaKRX 119987626473163.5662.043.950.693.26
TaiwanGTSM 65583848223958.6858.194.010.823.19
The World 39110025308315432164.7460.954.070.883.19
SwedenSTOCKHOLM 55573382194160.8657.394.201.043.16
Saudi ArabiaTADAWUL 151597560464.3661.953.830.723.10
TurkeyBIST 2819168397559.7057.933.850.823.03
BrazilBOVESPA 27261781110765.4462.053.790.822.97
IsraelTASE 30322068129968.2762.753.680.852.83
USAMEX 36352271130962.4857.643.891.062.83
CanadaTSX-V 186896039751.4541.315.883.112.77
JapanTOKYO 31447203761200164.7958.903.570.812.76
SpainIBEX 128779248561.5461.243.520.802.72
DenmarkCOPENHAGEN 112669638461.8155.173.510.872.64
UAEUAE 64335717355.5248.464.111.522.60
TaiwanTWSE 90915277308058.0558.373.110.632.48
OmanMSM 136794158.0951.903.220.762.46
QatarQE 47428315659.7055.123.100.782.32
AustraliaASX 66653945219459.1955.613.391.102.29
FrancePARIS 66344363272065.8162.302.900.632.27
ItalyBORSA 65674428269467.6660.632.940.712.23
CanadaTSX 128888224474463.8557.652.940.762.18
JapanNAGOYA 3101869360.0050.003.040.872.18
MalaysiaBURSA 61283324166654.2450.123.261.152.12
GermanyXETRA 76645239326468.3662.302.720.632.09
BelgiumBRUSSELS 93361034065.3855.742.710.652.06
Greece ATHENS 71745825563.8855.683.451.531.92
SingaporeSGX 2566135464052.7747.273.051.181.87
USNYSE 36914254041547668.8260.922.480.621.86
NetherlandsAMSTERDAM 1590110068569.1862.272.340.491.85
Austria WIENERBORSE 47231919767.5861.762.470.651.82
MexicoBMV 1541102660466.5858.872.390.681.70
TurkeyBIST 26116210662.0765.431.900.201.70
SwitzerlandSIX 33052215129967.0258.651.930.561.37
JordanASE 66636113554.2037.403.522.301.22
Austria WIENERBORSE 1711066061.9956.601.270.191.08
KuwaitKSE 84942914950.5334.733.382.390.99
USPREFERRED 33502306120768.8452.341.240.330.91
FOREXFOREX 32322113768.4261.991.050.250.80
USAMEX 41324914660.2958.630.750.180.57
JapanFUKUOKA 5626946.4334.621.040.770.27
CanadaCSE 127602047.2433.335.135.67-0.53
Patterns Total: How many of this particular pattern has been detected in this period
Confirmed Total: How many of the detected patterns were confirmed and converted into signals
Profitable Signals: The number of the confirmed patterns that have given profitable trades
Confirmation %: The percentage of the confirmed patterns with respect to the total occurrences of this pattern
Profitable Signal %: The percentage of the successful confirmed patterns with respect to the total confirmed patterns
Per Trade Profit %: Total Profits / Total Trades
Per Trade Loss %: Total Losses / Total Trades
Per Trade Net%: (Total Profits–Total Losses) / Total Number of Trades
Samples: Live sample ticker symbols from stock exchanges with links to stock pages of the related bulls.com© family websites
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Disclaimers:

Government regulations require disclosure of the fact that while these methods may have worked in the past, past results are not necessarily indicative of future results. While there is a potential for profits there is also a risk of loss. There is substantial risk in security trading. Losses incurred in connection with trading stocks or futures contracts can be significant. You should therefore carefully consider whether such trading is suitable for you in the light of your financial condition since all speculative trading is inherently risky and should only be undertaken by individuals with adequate risk capital. Neither Americanbulls.com LLC, nor Candlesticker.com makes any claims whatsoever regarding past or future performance. All examples, charts, histories, tables, commentaries, or recommendations are for educational or informational purposes only.

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