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)
OmanMSM 54480.00100.0011.000.0011.00
JordanASE 31211067.7447.6212.712.0510.67
USOTCBB 85462.5080.0010.800.6010.20
USWARRANTS 21150.00100.0010.000.0010.00
CanadaCSE 2012560.0041.6712.005.926.08
IndiaBSE 47533220569.8961.756.210.835.38
IndiaNSE 41427117665.4664.946.170.815.36
RussiaMICEX 108754469.4458.675.870.675.20
UKLSE 56937724866.2665.785.780.695.09
USOTC PINK 49426612954.4547.969.144.065.08
NorwayOSE 54351868.5248.655.780.954.84
USAMEX 129885768.2264.775.680.944.74
Hong KongHKEX 82748426158.5253.935.501.084.43
EgyptEGX 39271569.2355.565.221.044.19
IsraelTASE 105704966.6770.004.640.713.93
PortugalLISBON 129475.0044.444.560.783.78
CanadaTSX-V 152782951.3237.186.913.153.76
IndonesiaIDX 103643562.1454.694.420.883.55
South KoreaKOSDAQ 42627817165.2661.514.230.723.51
BelgiumBRUSSELS 42241357.1454.173.830.333.50
ArgentinaBUE 24171170.8364.714.060.883.18
TurkeyBIST 92593664.1361.023.580.563.02
ChinaSZSE 118186655773.3364.323.660.682.98
SwedenSTOCKHOLM 1951166759.4957.763.971.002.97
TaiwanGTSM 26716710162.5560.483.490.542.95
MexicoBMV 45322171.1165.633.220.342.88
JapanFUKUOKA 65383.3360.004.601.802.80
ChinaSSE 91066344372.8666.823.300.522.78
The World 1515910216599367.4558.623.580.822.75
JapanTOKYO 127286949768.3257.193.250.712.54
BrazilBOVESPA 72412058.3347.623.430.902.52
Saudi ArabiaTADAWUL 60422770.0064.293.310.792.52
ItalyBORSA 1851408775.6862.142.980.642.34
MalaysiaBURSA 3211939260.1247.673.461.132.33
USNASDAQ 95463935766.9855.873.260.942.31
TaiwanTWSE 34022312465.5955.612.650.422.23
South KoreaKRX 38625616266.5863.042.670.492.18
SingaporeSGX 113673759.2955.223.691.761.93
QatarQE 1810655.5660.
FrancePARIS 28219812070.2160.612.290.531.77
Austria WIENERBORSE 107670.0085.711.710.001.71
SpainIBEX 50362272.0061.112.250.671.58
CanadaTSX 46132117469.6354.212.120.581.53
Austria WIENERBORSE 64366.6775.001.750.251.50
TurkeyBIST 87787.50100.001.430.001.43
GermanyXETRA 25619010674.2255.791.790.551.25
Greece ATHENS 2415962.5060.002.401.271.13
AustraliaASX 2481456958.4747.593.011.951.06
KuwaitKSE 4021752.5033.333.292.241.05
JapanNAGOYA 2015875.0053.332.071.071.00
DenmarkCOPENHAGEN 38271271.0544.441.740.810.93
USNYSE 107774339768.9953.431.480.580.90
FOREXFOREX 2013865.0061.541.000.150.85
SwitzerlandSIX 102723570.5948.611.190.510.68
NetherlandsAMSTERDAM 56381167.8628.950.890.370.53
USAMEX 2816857.1450.
USPREFERRED 1791396477.6546.040.540.310.23
JapanSAPPORO 1000.
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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