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 54834523062.9666.677.430.756.68
IndiaBSE 2042212703761762.2059.967.071.345.73
IndiaNSE 141629104586964.2964.466.400.925.48
ChinaSZSE 20824151171059672.6070.095.660.754.91
USOTCBB 148873858.7843.688.113.314.80
USWARRANTS 140985970.0060.205.961.304.66
South KoreaKOSDAQ 141358951570263.4563.585.250.794.46
ChinaSSE 1488810819748472.6769.175.020.674.35
Hong KongHKEX 1857710908580458.7153.215.381.324.06
USOTC PINK 150228571415757.3848.236.953.013.94
EgyptEGX 144792253563.7258.035.161.313.85
IndonesiaIDX 2779157384456.6053.664.650.973.69
RussiaMICEX 1753111465363.5558.624.550.893.65
PortugalLISBON 42225614960.6658.204.671.033.64
UKLSE 1565510076648864.4264.334.340.743.60
NorwayOSE 1815106661360.1756.144.621.103.53
USNASDAQ 30785200991250765.3162.204.190.883.31
South KoreaKRX 124017920493663.9162.283.930.683.25
The World 40573926238916009964.7160.984.060.883.18
TaiwanGTSM 68283984230558.3557.864.000.823.18
SwedenSTOCKHOLM 58463569207561.2757.934.191.023.17
TurkeyBIST 29101747102560.0358.673.920.813.11
Saudi ArabiaTADAWUL 1580101062663.9261.983.790.723.07
BrazilBOVESPA 28111835114965.5662.343.800.812.99
IsraelTASE 31192131134768.3263.213.720.842.88
JapanTOKYO 32716213381273265.2459.653.660.812.86
USAMEX 37572349135562.5257.683.831.062.76
SpainIBEX 133281850561.4161.743.540.802.75
DenmarkCOPENHAGEN 116972440261.9355.523.470.862.60
UAEUAE 66736717855.0248.504.031.512.51
OmanMSM 142824457.7553.663.230.732.50
CanadaTSX-V 1984102741351.9240.105.703.222.49
TaiwanTWSE 94705454316257.5957.983.110.632.48
FrancePARIS 67994494283166.1362.972.990.622.37
JapanNAGOYA 3161909560.1350.003.220.852.36
ItalyBORSA 68624626281667.4160.872.950.702.24
AustraliaASX 68844080227159.2755.663.341.102.24
QatarQE 50029816459.6055.032.980.742.23
MalaysiaBURSA 63693454174954.2350.643.351.162.19
Greece ATHENS 73847326964.0956.873.671.492.17
CanadaTSX 132838478489063.8357.682.930.762.17
GermanyXETRA 80015498343168.7262.402.730.632.11
BelgiumBRUSSELS 97864035665.4455.632.690.652.04
USNYSE 38051261131592068.6360.972.480.611.87
Austria WIENERBORSE 48333220868.7462.652.490.641.86
NetherlandsAMSTERDAM 1654114071168.9262.372.340.491.85
SingaporeSGX 2643139265352.6746.913.011.201.81
MexicoBMV 1616108964167.3958.862.380.681.70
TurkeyBIST 27717611263.5463.641.810.201.61
SwitzerlandSIX 34362320136867.5258.971.950.551.40
JordanASE 69838114354.5837.533.502.321.18
Austria WIENERBORSE 1781116262.3655.861.260.191.07
USPREFERRED 34702394125368.9952.341.240.330.91
FOREXFOREX 33523114568.9662.771.080.240.84
KuwaitKSE 89744915150.0633.633.182.380.80
USAMEX 42726115361.1258.620.750.170.58
JapanFUKUOKA 53261049.0638.461.040.770.27
CanadaCSE 141672147.5231.344.675.85-1.18
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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