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 47028819363.4064.777.630.726.91
USOTCBB 135783857.7848.728.732.785.95
IndiaBSE 1865911596695762.1559.997.161.375.79
IndiaNSE 131178418541564.1864.336.430.945.48
ChinaSZSE 1870313555960172.4870.835.990.745.25
USWARRANTS 134925668.6660.876.231.324.91
South KoreaKOSDAQ 126457949505663.0563.415.450.804.64
ChinaSSE 132649651675572.7769.995.250.664.59
Hong KongHKEX 167899882530359.0053.545.531.324.21
USOTC PINK 134867663368456.9947.937.163.094.07
NorwayOSE 161797756460.4257.735.091.223.87
RussiaMICEX 1610102660563.7358.974.630.943.69
UKLSE 141179003580163.8064.414.410.763.65
IndonesiaIDX 2543145777457.2953.124.470.963.51
EgyptEGX 131883947563.6656.624.851.383.46
PortugalLISBON 39924113860.4057.264.471.073.39
South KoreaKRX 112937182446663.6062.184.010.703.32
USNASDAQ 27888181171122565.0761.864.210.903.31
The World 36970223806214502664.4460.884.110.893.22
Saudi ArabiaTADAWUL 142891956864.3661.813.930.743.20
SwedenSTOCKHOLM 51433132180660.9057.664.131.053.08
TaiwanGTSM 62393646210158.4457.623.910.833.07
TurkeyBIST 2636156190259.2257.783.850.833.02
BrazilBOVESPA 25781689104465.6361.703.800.832.97
USAMEX 34142132122662.4557.504.001.072.93
CanadaTSX-V 181293239451.5542.185.983.082.90
SpainIBEX 122374245560.6761.323.590.832.76
JapanTOKYO 29435190241121064.6358.933.580.822.76
IsraelTASE 28151908118868.0662.003.610.872.74
UAEUAE 59033516356.7848.664.211.562.65
DenmarkCOPENHAGEN 106565936261.8854.933.490.892.60
OmanMSM 128763859.3850.003.210.792.42
QatarQE 44226114459.0555.173.070.722.35
AustraliaASX 62223678204559.1655.563.451.112.34
TaiwanTWSE 86554978288357.5257.912.980.642.34
FrancePARIS 62574102256365.5662.482.920.632.29
ItalyBORSA 62034165251167.1860.262.930.732.20
CanadaTSX 121397700442163.4757.382.940.762.18
GermanyXETRA 72294915307868.0062.612.780.642.15
BelgiumBRUSSELS 87657332465.4156.542.800.662.14
MalaysiaBURSA 57983098152153.4349.103.111.181.93
NetherlandsAMSTERDAM 1495101962468.1661.242.430.521.91
Greece ATHENS 70843123961.7254.693.461.571.89
USNYSE 35236240781461568.3660.682.490.621.87
Austria WIENERBORSE 44029918567.9561.872.500.651.85
SingaporeSGX 2448128459652.4546.423.041.211.83
TurkeyBIST 2391469361.0963.701.950.211.73
JapanNAGOYA 2891788861.5949.442.600.881.72
MexicoBMV 142194354766.3658.012.370.701.67
SwitzerlandSIX 31192079122566.6658.921.960.561.40
JordanASE 60732512353.5437.853.652.291.36
Austria WIENERBORSE 1631025662.5854.901.190.200.99
USPREFERRED 31832181112368.5251.491.290.340.95
FOREXFOREX 29920513068.5663.411.120.250.87
KuwaitKSE 75337312249.5432.713.092.440.65
CanadaCSE 113521846.0234.625.635.080.56
USAMEX 38823013259.2857.390.720.180.54
JapanFUKUOKA 5326949.0634.621.040.770.27
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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