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 55635923364.5764.907.100.716.39
PakistanKSE 25551706106866.7762.606.311.015.30
NorwayOSE 1789105761459.0858.096.251.125.13
IndiaBSE 1945912045703361.9058.396.271.414.86
IndiaNSE 130728279522563.3463.105.750.944.81
ChinaSZSE 19902145221008472.9769.445.560.784.79
South KoreaKOSDAQ 134288431534962.8863.355.270.814.46
ChinaSSE 1428710398713372.7868.604.940.714.24
Hong KongHKEX 1814410567557158.2452.725.341.324.01
EgyptEGX 133984547963.1156.695.301.314.00
USOTC PINK 137998013391258.1348.776.942.993.95
RussiaMICEX 1754111564663.5757.944.720.873.85
USOTCBB 4024960.0037.508.044.213.83
IndonesiaIDX 2649147378955.6153.564.730.983.75
UKLSE 150579719629064.5564.724.400.743.67
PortugalLISBON 37323813563.8156.724.340.963.39
SwedenSTOCKHOLM 59283600211060.7358.614.431.053.38
USNASDAQ 28843187171164664.8962.224.260.883.38
TaiwanGTSM 64423752220858.2458.854.090.783.31
Vietnam HOSE 2802159190156.7856.634.291.013.28
TurkeyBIST 2701163797360.6159.444.000.803.20
South KoreaKRX 116847443456063.7061.273.820.713.11
IsraelTASE 29712048130768.9363.823.920.823.10
The World 41076426400815961064.2960.443.980.893.09
Poland GPW 40862430138259.4756.874.271.193.08
Vietnam HNX 154788543557.2149.154.811.803.01
Saudi ArabiaTADAWUL 142794058665.8762.343.740.782.96
BrazilBOVESPA 26701750107365.5461.313.750.862.89
OmanMSM 111643857.6659.383.500.612.89
PhilippinesPSE 171993350454.6853.623.800.962.85
JapanTOKYO 32285209201246864.8059.603.620.782.84
SpainIBEX 126977546961.0760.523.550.752.79
ThailandSET 45132579129157.1550.063.750.962.79
RussiaMICEX 21414711068.6974.833.040.312.73
USAMEX 34922183124762.5157.123.731.122.61
CanadaTSX-V 1974102341151.8740.145.863.282.58
TaiwanTWSE 88185095297457.7858.373.180.612.57
ChileBCS 121980055965.6369.882.870.322.55
FrancePARIS 64974256269465.5163.302.980.612.37
Greece ATHENS 64141422964.5955.313.901.552.35
JapanNAGOYA 3031869161.3948.923.240.922.31
USWARRANTS 114794669.3058.233.621.332.29
BangladeshDSE 2648156783159.1853.033.381.092.28
ItalyBORSA 67154494270566.9460.182.930.712.23
DenmarkCOPENHAGEN 116873740663.1055.093.030.822.21
Austria WIENERBORSE 47031920667.8764.582.750.592.17
CanadaTSX 123737856446363.4956.812.870.792.08
UAEUAE 57632615756.6048.163.641.572.07
AustraliaASX 66633946217159.2255.023.171.122.05
MalaysiaBURSA 61613241157852.6148.693.221.212.02
GermanyXETRA 73374965301367.7560.612.600.602.00
USNYSE 35689243641476368.3260.552.500.621.88
NetherlandsAMSTERDAM 1659112070667.5163.042.330.491.84
BelgiumBRUSSELS 94161533765.3654.802.500.671.83
MexicoBMV 1602108363567.6058.632.450.691.77
ArgentinaBUE 2101409866.6770.001.860.131.73
QatarQE 47026414556.1754.922.500.801.70
TurkeyBIST 25016610966.4065.661.670.241.43
SingaporeSGX 2531133058652.5544.062.681.301.37
BrazilBOVESPA 25617511468.3665.141.620.301.32
SwitzerlandSIX 31932125122866.5557.791.880.561.32
Poland GPW 24516810768.5763.691.450.151.30
Hong KongHKEX 1681178369.6470.941.390.141.26
JordanASE 66534813252.3337.933.542.291.25
PakistanKSE 1511066970.2065.091.300.131.17
UKLSE 28121013274.7362.861.380.221.16
Austria WIENERBORSE 159985161.6452.041.360.201.15
Greece ATHENS 1781126362.9256.251.340.191.15
ItalyBORSA 1771085661.0251.851.340.221.12
FrancePARIS 1771085661.0251.851.340.221.12
ChinaSSE 1971338167.5160.901.160.121.04
JapanTOKYO 2051409468.2967.141.220.191.03
PortugalLISBON 1811156363.5454.781.240.231.01
UAEUAE 38226115968.3260.921.150.170.98
SpainIBEX 2311428061.4756.341.180.200.98
MexicoBMV 2591618762.1654.041.280.320.96
PeruBVL 23715510965.4070.321.080.130.95
USPREFERRED 32872286118969.5552.011.270.320.95
BangladeshDSE 1731147665.9066.671.090.140.95
GermanyXETRA 1681055362.5050.481.160.220.94
IndonesiaIDX 1731167067.0560.341.100.180.92
CanadaTSX 1931348869.4365.671.080.180.90
IndiaNSE 2211428964.2562.681.040.160.88
AustraliaASX 24217110870.6663.161.060.180.88
ChileBCS 27019213071.1167.711.060.190.88
NetherlandsAMSTERDAM 1831165863.3950.001.060.220.84
BelgiumBRUSSELS 1831165863.3950.001.060.220.84
FOREXFOREX 28120313072.2464.041.040.200.84
PhilippinesPSE 1601227676.2562.300.980.150.84
South KoreaKOSDAQ 29318911764.5161.901.050.210.84
SwitzerlandSIX 1941338468.5663.161.010.200.81
KuwaitKSE 86045216552.5636.503.152.340.80
Vietnam HOSE 1761147664.7766.670.980.200.78
DenmarkCOPENHAGEN 1901327469.4756.060.900.170.73
USFOREX 39126415767.5259.470.880.170.71
NorwayOSE 2161297159.7255.041.000.330.67
TaiwanGTSM 1691317277.5154.960.850.210.64
ThailandSET 2311438761.9060.840.800.160.64
SwedenSTOCKHOLM 2211498967.4259.730.790.160.62
IsraelTASE 2361608767.8054.380.830.210.61
SingaporeSGX 2451599564.9059.750.770.210.57
CanadaCSE 158722145.5729.175.385.210.17
MalaysiaBURSA 1531186977.1258.471.181.080.10
JapanFUKUOKA 55301254.5540.000.800.800.00
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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