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
USOTCBB 137774056.2051.9510.442.607.84
ArgentinaBUE 49331220763.2966.357.550.746.81
IndiaBSE 1916211930714662.2659.907.101.365.74
IndiaNSE 134768660557664.2664.396.400.945.46
ChinaSZSE 19146140801004673.5471.355.920.725.20
USWARRANTS 136955769.8560.006.041.364.68
South KoreaKOSDAQ 131298275527463.0363.735.390.804.59
ChinaSSE 134749972704274.0170.625.210.654.57
Hong KongHKEX 1717310144545159.0753.745.551.324.23
USOTC PINK 138027891380457.3648.057.063.044.02
RussiaMICEX 1606102660463.8958.874.740.903.84
NorwayOSE 1667100458260.2357.974.951.203.75
IndonesiaIDX 2595148179357.0753.544.590.973.63
EgyptEGX 137086649463.2157.044.971.363.61
UKLSE 144179272598764.3164.574.320.743.58
PortugalLISBON 40424414160.4057.794.431.063.36
USNASDAQ 28684187451166565.3862.204.210.893.33
South KoreaKRX 116047363457963.4562.193.980.693.29
The World 37798524467614966164.7561.154.110.883.23
Saudi ArabiaTADAWUL 147294659064.2762.373.930.733.19
TaiwanGTSM 63523727216458.6758.063.970.823.14
SwedenSTOCKHOLM 53253260188561.2457.804.161.053.11
TurkeyBIST 2726162794959.6858.333.860.823.04
BrazilBOVESPA 26161720106665.7561.983.840.833.01
USAMEX 34782178126162.6257.903.981.052.93
IsraelTASE 29161989125368.2862.933.700.862.84
CanadaTSX-V 178592938652.1041.515.913.102.81
JapanTOKYO 30165196021162464.9859.303.610.812.80
SpainIBEX 125777047561.2661.693.610.822.79
UAEUAE 61234817056.8648.854.151.542.61
DenmarkCOPENHAGEN 108967136961.6254.993.490.892.60
OmanMSM 131784059.5451.283.270.772.50
TaiwanTWSE 88135099297457.8658.333.110.632.47
QatarQE 45827415259.8355.473.060.732.34
AustraliaASX 63683761209059.0655.573.441.112.33
FrancePARIS 64274234264565.8862.472.920.632.28
CanadaTSX 123987909457463.8057.832.980.762.22
ItalyBORSA 63734275258667.2860.312.920.732.20
GermanyXETRA 74065081318468.6162.662.770.632.15
JapanNAGOYA 2961819061.1549.722.970.882.09
BelgiumBRUSSELS 90459333065.6055.652.730.662.07
MalaysiaBURSA 58803167157253.8649.643.151.161.99
Greece ATHENS 69343323962.4855.203.481.591.89
USNYSE 35620244581491568.6760.982.510.621.88
NetherlandsAMSTERDAM 1535106165869.1262.022.380.501.88
SingaporeSGX 2484131261552.8246.883.041.191.86
Austria WIENERBORSE 45330919268.2162.142.500.651.84
TurkeyBIST 2451489660.4164.861.970.211.76
MexicoBMV 147297357566.1059.102.400.681.72
SwitzerlandSIX 31962141125866.9958.761.940.561.38
JordanASE 63735012854.9536.573.482.301.18
KuwaitKSE 80039813649.7534.173.482.401.09
Austria WIENERBORSE 1661035762.0555.341.240.191.05
USPREFERRED 32172205114868.5452.061.290.350.94
FOREXFOREX 30821013168.1862.381.080.250.82
USAMEX 39423713660.1557.380.740.180.56
JapanFUKUOKA 5526947.2734.621.040.770.27
CanadaCSE 112542048.2137.045.285.190.09
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
About Us
Support
Privacy
TOS
Important Links
English
Deutsch
中文
Français
Türkçe
Indonesia
Español
Italiano
 
 
 
 
 
 
 
 
 
 

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.

Candlesticker.com is an independent and free website and all the Services provided by Americanbulls.com LLC at Candlesticker.com are completely free of charge. Americanbulls.com LLC does not receive compensation by any direct or indirect means from the visitors and users of this website (or of any other bulls.com© family websites), and from the stocks, securities and other institutions or any underwriters or dealers associated with the broader national or international forex, commodity and stock markets.

You agree that Candlesticker.com and Americanbulls.com LLC its parent company, subsidiaries, affiliates, officers and employees shall not be liable for any direct, indirect, incidental, special or consequential damages.