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)
JordanASE 2818964.2950.0014.611.7212.89
OmanMSM 54480.00100.0011.000.0011.00
USOTCBB 85462.5080.0010.800.6010.20
USWARRANTS 21150.00100.0010.000.0010.00
CanadaCSE 1812566.6741.6712.005.926.08
IndiaNSE 39626116765.9163.986.230.835.40
RussiaMICEX 104734270.1957.535.970.685.29
USOTC PINK 46725812855.4649.429.414.155.26
NorwayOSE 53361867.9250.
IndiaBSE 45131519169.8460.635.850.874.97
UKLSE 54135522965.6264.515.670.704.97
USAMEX 125855468.0063.535.750.924.84
Hong KongHKEX 78545824858.3454.155.731.074.66
BelgiumBRUSSELS 38221357.8959.094.680.324.36
CanadaTSX-V 133692951.8842.037.192.914.28
IsraelTASE 103674766.0269.124.630.723.91
IndonesiaIDX 95603263.1653.334.770.933.83
PortugalLISBON 129475.0044.444.560.783.78
South KoreaKOSDAQ 40626816366.0160.824.240.743.50
EgyptEGX 39271569.2355.564.411.043.37
TurkeyBIST 90573763.3364.913.860.513.35
SwedenSTOCKHOLM 1791066159.2257.554.200.943.25
ArgentinaBUE 23171173.9164.714.060.883.18
ChinaSZSE 111982354173.5565.743.670.613.05
Saudi ArabiaTADAWUL 55392770.9169.233.560.592.97
ChinaSSE 85162742773.6868.103.430.512.92
MexicoBMV 45322171.1165.633.220.342.88
TaiwanGTSM 2571599461.8759.123.380.572.81
BrazilBOVESPA 69412159.4251.223.710.902.80
JapanFUKUOKA 65383.3360.004.601.802.80
The World 143859711569667.5558.623.590.812.78
JapanTOKYO 123383947568.0556.623.150.722.44
TaiwanTWSE 32421612066.6755.562.720.432.29
USNASDAQ 91861333766.9954.803.230.962.27
ItalyBORSA 1661257875.9061.902.900.692.21
MalaysiaBURSA 3041838760.2047.543.261.122.14
South KoreaKRX 37324315165.1562.142.620.512.10
Austria WIENERBORSE 86575.0083.332.000.002.00
QatarQE 179652.9466.672.220.222.00
FrancePARIS 27018511368.5261.082.290.451.84
CanadaTSX 44030516869.3255.082.160.591.57
SingaporeSGX 103633561.1755.563.081.561.52
Austria WIENERBORSE 64366.6775.001.750.251.50
KuwaitKSE 3620755.5635.003.452.001.45
TurkeyBIST 87787.50100.001.430.001.43
SpainIBEX 49352171.4360.002.110.691.43
DenmarkCOPENHAGEN 35241168.5745.831.920.751.17
GermanyXETRA 2351809776.6053.891.680.541.14
AustraliaASX 2321416760.7847.523.071.941.13
JapanNAGOYA 2015875.0053.332.071.071.00
Greece ATHENS 2314860.8757.142.361.361.00
FOREXFOREX 1912863.1666.671.080.081.00
USNYSE 103071037768.9353.101.450.570.88
SwitzerlandSIX 96673069.7944.781.180.550.63
NetherlandsAMSTERDAM 57381066.6726.320.680.370.32
USAMEX 2615857.6953.330.270.000.27
USPREFERRED 1651315879.3944.270.550.350.20
JapanSAPPORO 1000.
UAEUAE 156440.0066.670.670.83-0.17
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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