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 56535523162.8365.077.260.776.49
IndiaBSE 2102813012776761.8859.697.001.355.65
IndiaNSE 144589273597564.1464.436.350.925.43
USOTCBB 118703059.3242.869.013.815.20
ChinaSZSE 21506157041095173.0269.735.520.774.75
NorwayOSE 1883113365560.1757.815.851.194.66
South KoreaKOSDAQ 142799064576263.4863.575.230.804.43
ChinaSSE 1548111330783973.1969.184.930.684.25
Hong KongHKEX 1901811164593958.7053.205.371.324.05
EgyptEGX 150495755863.6358.315.161.303.86
USOTC PINK 153148786423757.4248.186.833.013.82
USWARRANTS 125895371.2059.555.161.353.81
IndonesiaIDX 2855161686856.6053.714.620.963.66
UKLSE 1594510278661064.5064.274.320.743.58
PortugalLISBON 43526214960.2356.874.581.033.55
RussiaMICEX 1819115467563.4458.494.460.923.54
USNASDAQ 31261204371271365.4262.164.190.883.32
South KoreaKRX 126288066503764.0662.263.940.673.27
SwedenSTOCKHOLM 60593703216161.1258.364.251.023.22
TaiwanGTSM 70044112239758.7158.294.010.823.19
The World 41492026884416391564.8160.964.040.883.16
TurkeyBIST 29391772104260.2958.803.960.803.15
Saudi ArabiaTADAWUL 1619103664063.9961.783.710.742.98
BrazilBOVESPA 28891892117565.4962.103.740.812.92
JapanNAGOYA 3141919860.8351.313.740.832.92
IsraelTASE 31542166136968.6763.203.740.852.89
JapanTOKYO 33640219561308265.2759.583.660.802.86
USAMEX 37932374136562.7257.383.831.062.77
RussiaMICEX 21214310667.4574.133.060.312.75
SpainIBEX 135282951161.3261.643.510.802.71
DenmarkCOPENHAGEN 119574341462.1855.723.440.842.61
CanadaTSX-V 2048106742852.1040.115.723.212.51
TaiwanTWSE 96695594325357.8658.153.080.622.46
UAEUAE 67938018455.9648.423.961.512.45
OmanMSM 85472855.2959.573.020.642.38
FrancePARIS 69604607290366.1963.012.970.612.37
ItalyBORSA 70384744287967.4160.692.930.712.22
AustraliaASX 70384159231459.0955.643.291.102.19
QatarQE 51430316658.9554.792.950.762.19
MalaysiaBURSA 65643557178554.1950.183.341.162.18
Greece ATHENS 76849027463.8055.923.661.492.16
CanadaTSX 134868587491963.6757.282.900.762.14
GermanyXETRA 81405587348268.6462.322.740.632.12
BelgiumBRUSSELS 100766136965.6455.822.650.652.00
Austria WIENERBORSE 49534221669.0963.162.510.631.88
USNYSE 38723266131622468.7360.962.460.611.85
NetherlandsAMSTERDAM 1685115872568.7262.612.340.491.85
SingaporeSGX 2690142866353.0946.432.921.191.72
ArgentinaBUE 2001339466.5070.681.810.141.68
MexicoBMV 1674112765367.3257.942.300.701.61
TurkeyBIST 24015810365.8365.191.700.231.46
BrazilBOVESPA 24816911168.1565.681.660.301.36
SwitzerlandSIX 35042367138767.5558.601.900.561.34
JordanASE 71137714353.0237.933.542.201.34
Poland GPW 2331589867.8162.031.470.151.32
Hong KongHKEX 1591107669.1869.091.340.151.19
PakistanKSE 140986270.0063.271.330.141.18
Austria WIENERBORSE 152944961.8452.131.370.211.16
Greece ATHENS 1711086163.1656.481.350.191.16
ItalyBORSA 1691035460.9552.431.370.221.15
FrancePARIS 1691035460.9552.431.370.221.15
UKLSE 26819712173.5161.421.350.231.12
JapanTOKYO 1971339067.5167.671.240.201.04
SpainIBEX 2171327560.8356.821.230.201.02
PortugalLISBON 1721096063.3755.051.260.251.01
ChinaSSE 1881287968.0961.721.120.130.99
UAEUAE 37525415467.7360.631.140.170.96
MexicoBMV 2471548262.3553.251.280.320.96
GermanyXETRA 1601005162.5051.001.180.220.96
PeruBVL 23715510965.4070.321.080.130.95
USPREFERRED 34702402125769.2252.331.250.330.92
KuwaitKSE 92246715950.6534.053.262.340.92
AustraliaASX 22916310471.1863.801.090.170.91
ChileBCS 26018412570.7767.931.090.180.91
BangladeshDSE 1621037063.5867.961.050.150.90
CanadaTSX 1891328769.8465.911.080.180.90
FOREXFOREX 26919312571.7564.771.090.210.89
IndiaNSE 2181418964.6863.121.040.160.88
IndonesiaIDX 1701146967.0660.531.040.180.86
NetherlandsAMSTERDAM 1741105563.2250.001.070.220.85
BelgiumBRUSSELS 1741105563.2250.001.070.220.85
South KoreaKOSDAQ 27918011364.5262.781.070.220.85
PhilippinesPSE 1541167275.3262.070.980.160.83
SwitzerlandSIX 1841257967.9363.200.980.210.78
Vietnam HOSE 1681077163.6966.360.990.210.78
DenmarkCOPENHAGEN 1811277070.1755.120.900.180.72
USFOREX 37825314966.9358.890.890.180.71
NorwayOSE 2001246862.0054.841.000.330.67
TaiwanGTSM 1641297178.6655.040.860.210.65
SwedenSTOCKHOLM 2051408568.2960.710.820.170.65
ThailandSET 2211368461.5461.760.810.170.64
SingaporeSGX 2421569264.4658.970.760.210.56
IsraelTASE 2261518066.8152.980.770.220.55
JapanFUKUOKA 55271149.0940.741.040.740.30
MalaysiaBURSA 1491146876.5159.651.181.110.07
CanadaCSE 148712347.9732.394.595.75-1.15
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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