BULLISH ENGULFING
The chart showing Series 1 series.
To evaluate the performance of the pattern in your stock exchange within the context of other global markets, please refer to the table below. Locate your stock market to see its ranking among others. This will provide insights into the pattern’s strength and reliability, aiding you in your buying and selling decisions.
BULLISH ENGULFING
Definition
This pattern is characterized by a large white body engulfing a preceding smaller black body, which typically occurs during a downtrend. The white body does not necessarily engulf the shadows of the black body but completely engulfs the body itself. This is an important bottom reversal signal.
Recognition Criteria
1. The market is currently defined by a dominant downward trend.
2. On the first day, a black candlestick is observed.
3. The white candlestick formed on the second day completely engulfs the black candlestick from the previous day.
Pattern Requirements and Flexibility
The length of the initial black candlestick in a Bullish Engulfing pattern is not crucial and can even be a Doji. However, the second candlestick must be a normal or long white candlestick. The tops or bottoms of the two candlestick bodies may align, but the white body should always 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 established at the last closing price. For confirmation, prices must exceed this level.

The stop-loss level is set at the last low. After a BUY signal, the stop-loss is triggered if prices decline instead of rising and either close below the stop-loss level or record two consecutive daily lows below it, without any bearish pattern being detected.
Title
Pattern Performance in Stock Exchanges since 1/1/2022
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
TurkeyBIST 89455770347865.3559.497.631.236.40
EgyptEGX 25921602101062.7362.127.421.076.35
CanadaCSE 176487039149.7744.539.933.826.11
Vietnam HNX 2920166691757.5354.586.491.465.03
IndonesiaIDX 111316053301554.9549.295.821.354.47
IndiaBSE 47980293801560862.1852.315.461.503.97
USOTC MARKETS 3203718769847660.5043.737.533.573.96
IndiaNSE 2816617537979263.4154.835.221.273.96
PakistanPSX 43712769144064.4551.125.181.523.66
USNASDAQ 67090422692249364.6651.855.311.683.63
The WorldWORLD MARKETS 100381662962834160164.2752.954.811.203.61
Poland GPW 100105729285857.9649.265.161.603.55
Vietnam HOSE 74254566264162.1857.204.551.073.48
South KoreaKOSDAQ 36901231271268163.4854.134.481.213.27
CanadaTSXV 51022664122852.8245.576.313.083.23
NorwayOSE 50522997154061.2249.794.691.463.23
SwedenOMX STOCKHOLM 2162312770661559.8551.124.771.553.22
ChinaSZSE 77645503762870666.3655.724.121.023.10
ArgentinaBCBA 30281968106668.1051.704.551.483.07
Hong KongHKEX 3308119018903158.4246.734.831.852.98
BangladeshDSE 47742646133356.0349.834.151.282.87
UAEDFM-ADX 137078940558.4750.563.881.072.81
ChinaSSE 67401438122466066.2655.223.710.912.79
TaiwanTPEx 135658072431960.2952.813.740.952.79
IsraelTASE 133809087532869.5157.283.690.942.74
Austria WIENERBÖRSE 1907125168966.6554.213.661.002.66
UKLSE 33695221451202867.4852.903.821.192.63
ChileBCS 108966639361.9858.223.390.812.58
MalaysiaBURSA MALAYSIA 126796733310753.5845.744.051.542.51
KuwaitBOURSA KUWAIT 1735101753359.4251.703.591.142.45
DenmarkOMX COPENHAGEN 2751164481660.5648.983.661.262.40
South KoreaKRX 2597716370894863.9553.863.300.932.38
FrancePARIS 133898454466764.3954.143.320.962.36
SpainBME 2568158478562.6248.823.421.122.30
USAMEX 104656669362365.4052.943.441.152.30
TaiwanTWSE 1847211366610562.1953.143.080.812.26
PortugalLISBON 46529314463.4448.813.271.042.22
Saudi ArabiaTADAWUL 56703440186461.3953.553.030.862.17
PhilippinesPSE 3536186392353.1149.153.381.222.16
ThailandSET 126816878303854.5443.933.511.382.13
MexicoBMV 33922132111264.0951.153.471.402.07
JapanTSE 72005457182466564.4653.143.021.012.02
QatarQE 104763533561.5152.022.800.811.99
BrazilBOVESPA 142908952466763.9551.073.031.051.98
AustraliaASX 167499601459558.1947.143.691.721.97
USNYSE 70369468372599767.9254.392.890.941.94
CanadaTSX 2196514069749465.3052.252.910.971.93
Greece ATHEX 1795116359065.5250.173.151.281.87
NetherlandsAMSTERDAM 44073023162770.0052.742.550.841.71
ItalyMILAN 1677011184582368.6550.582.490.941.55
GermanyXETRA 27093187791018370.5353.292.250.801.44
JapanNSE 48426612955.9947.602.410.971.44
JordanASE 97853120554.9138.183.812.471.34
SingaporeSGX 2979167177756.3946.252.511.201.31
SwitzerlandSIX 75685083267568.5951.532.030.771.26
BelgiumBRUSSELS 1848113856562.3449.052.281.031.25
JapanFSE 152865257.2459.771.520.750.77
Patterns Total: The number of occurrences of this particular pattern during the specified period.
Confirmed Total: The number of detected patterns that were confirmed and converted into signals.
Profitable Signals: The number of confirmed patterns that resulted in profitable trades.
Confirmation %: The percentage of confirmed patterns relative to the total occurrences of this pattern.
Profitable Signal %: The percentage of successful confirmed patterns relative to the total confirmed patterns.
Per Trade Profit %: Total Profits divided by Total Trades.
Per Trade Loss %: Total Losses divided by Total Trades.
Per Trade Net%: (Total Profits minus Total Losses) divided by the Total Number of Trades.
Samples: Live sample ticker symbols from stock exchanges, with links to the related bulls.com© family websites’ stock pages.

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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