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.
This is a confirmed Bullish Engulfing pattern. The first two candlesticks are exactly the same as the Bullish Engulfing pattern and the third day represents its confirmation.
Recognition Criteria
1. The market is characterized by a prevailing downtrend.
2. We see a Bullish Engulfing pattern in the first two days.
3. Then, we see a white candlestick on the third day with a higher close than the second day.
Pattern Requirements and Flexibility
A Bullish Engulfing pattern should be identified with all previously set rules. The third day should be a white day with a higher close.
Trader’s Behavior
The first two days of the Bullish Three Outside Up is simply a Bullish Engulfing Pattern, and the third day confirms that the downtrend is damaged as suggested by this pattern, since it is a white candlestick closing with a new high for the last three days. However, for a bullish reversal, there is still a need for a further confirmation.
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.
Pattern Performance in Stock Exchanges since 1/1/2014
Stock Exchange
Per Trade
Total Net%(Descending)
USOTCBB 64466.67100.0013.500.0013.50
USWARRANTS 111100.00100.0010.000.0010.00
JordanASE 3221965.6342.8612.192.299.90
OmanMSM 222100.00100.
CanadaCSE 2113661.9046.1513.465.468.00
RussiaMICEX 109784671.5658.975.950.715.24
IndiaNSE 42227717865.6464.266.060.825.24
USAMEX 131886067.1868.185.980.775.20
IndiaBSE 49334020468.9760.006.090.895.20
UKLSE 59339125665.9465.475.820.685.14
NorwayOSE 57392068.4251.285.920.954.97
EgyptEGX 40281570.0053.575.641.144.50
USOTC PINK 50026912953.8047.968.754.274.48
Hong KongHKEX 84750127159.1554.095.481.084.40
IsraelTASE 104694866.3569.574.640.723.91
PortugalLISBON 139469.2344.444.560.783.78
IndonesiaIDX 103653663.1155.384.520.893.63
TurkeyBIST 97623863.9261.294.060.533.53
BrazilBOVESPA 75442358.6752.274.250.863.39
BelgiumBRUSSELS 44251356.8252.003.680.363.32
ArgentinaBUE 25171168.0064.714.060.883.18
South KoreaKOSDAQ 44929117764.8160.823.910.733.18
CanadaTSX-V 158823251.9039.026.303.263.05
TaiwanGTSM 28217710862.7761.023.470.532.94
SwedenSTOCKHOLM 2021247261.3958.063.860.952.91
ChinaSZSE 123190057873.1164.223.570.682.89
MexicoBMV 45322171.1165.633.220.342.88
JapanFUKUOKA 65383.3360.004.601.802.80
The World 1587610728626767.5858.413.510.822.69
ChinaSSE 95970546673.4166.193.210.552.67
USNASDAQ 98166236967.4855.743.600.972.63
JapanTOKYO 131189051167.8957.423.280.672.61
TurkeyBIST 87787.50100.002.570.002.57
MalaysiaBURSA 3332039760.9647.783.521.142.37
Saudi ArabiaTADAWUL 64452770.3160.003.090.782.31
South KoreaKRX 39526216766.5863.502.780.482.30
TaiwanTWSE 35423613566.6757.202.680.402.28
ItalyBORSA 1931499377.2062.422.830.622.20
AustraliaASX 85362.5060.002.400.202.20
FrancePARIS 28619912269.5861.312.400.511.88
QatarQE 1810655.5660.
KuwaitKSE 4020750.0035.003.451.701.75
South KoreaKOSDAQ 127758.33100.001.710.001.71
RussiaMICEX 24141058.3371.432.000.361.64
Poland GPW 20161280.0075.001.690.061.63
CanadaTSX 46732217168.9553.112.200.601.60
SingaporeSGX 114683659.6552.943.431.841.59
Austria WIENERBORSE 64366.6775.001.750.251.50
JapanTOKYO 22131059.0976.921.460.001.46
MexicoBMV 75471.4380.001.800.401.40
PortugalLISBON 1611768.7563.641.640.271.36
NorwayOSE 159560.0055.561.330.001.33
SpainIBEX 50362172.0058.332.110.861.25
GermanyXETRA 26819711173.5156.351.750.541.20
Greece ATHENS 2415962.5060.002.401.271.13
Vietnam HOSE 1912863.1666.671.170.081.08
IsraelTASE 127558.3371.431.290.291.00
JapanNAGOYA 2015875.0053.332.071.071.00
FOREXFOREX 2214963.6464.
PhilippinesPSE 1512980.0075.
AustraliaASX 2561497158.2047.652.971.970.99
NetherlandsAMSTERDAM 1612775.0058.331.170.250.92
BelgiumBRUSSELS 1612775.0058.331.170.250.92
ItalyBORSA 1511673.3354.551.180.270.91
SpainIBEX 1611668.7554.551.180.270.91
FrancePARIS 1511673.3354.551.180.270.91
Greece ATHENS 1511773.3363.641.180.270.91
Austria WIENERBORSE 1511673.3354.551.180.270.91
USNYSE 111176641068.9553.521.450.570.88
IndiaNSE 2115871.4353.330.930.070.87
DenmarkCOPENHAGEN 39271169.2340.741.700.850.85
GermanyXETRA 1612675.0050.
ThailandSET 1310476.9240.000.900.100.80
IndonesiaIDX 1711864.7172.730.820.090.73
PakistanKSE 2117880.9547.060.820.120.71
BangladeshDSE 139569.2355.560.890.220.67
SwitzerlandSIX 109763869.7250.001.140.490.66
UKLSE 138761.5487.500.630.000.63
DenmarkCOPENHAGEN 1210683.3360.000.600.000.60
ArgentinaBUE 1712970.5975.000.830.250.58
BrazilBOVESPA 109490.0044.441.330.780.56
ChileBCS 1311684.6254.550.730.180.55
SingaporeSGX 1614787.5050.000.640.140.50
NetherlandsAMSTERDAM 59391266.1030.770.870.380.49
Hong KongHKEX 2821875.0038.100.760.290.48
UAEUAE 36251469.4456.000.640.200.44
USFOREX 38251365.7952.000.440.080.36
CanadaTSX 1711764.7163.640.820.550.27
SwedenSTOCKHOLM 1615793.7546.670.470.270.20
USPREFERRED 1821476780.7745.580.500.310.19
ChinaSSE 2016680.0037.500.380.190.19
MalaysiaBURSA 128466.6750.000.630.500.13
JapanSAPPORO 1000.
TaiwanGTSM 84150.0025.000.500.75-0.25
SwitzerlandSIX 1610462.5040.000.200.50-0.30
PeruBVL 149364.2933.330.561.00-0.44
UAEUAE 178447.0650.000.501.25-0.75
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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