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)
CanadaCSE 1610662.5060.0016.903.6013.30
JordanASE 2617865.3847.0614.471.8212.65
USWARRANTS 21150.00100.0010.000.0010.00
OmanMSM 43375.00100.0010.000.0010.00
USOTCBB 74357.1475.007.750.757.00
NorwayOSE 47341872.3452.946.620.975.65
RussiaMICEX 99714371.7260.566.150.695.46
USOTC PINK 44924612255.0149.399.514.135.38
CanadaTSX-V 121632752.0742.868.192.835.37
IndiaNSE 38725316165.3763.646.160.855.31
UKLSE 50632821664.8265.855.930.715.21
USAMEX 116775066.3864.946.000.945.06
IndiaBSE 42530017970.5959.675.850.884.97
Hong KongHKEX 75043924258.5355.135.831.034.79
IsraelTASE 100644565.0069.234.750.744.02
IndonesiaIDX 94603263.8353.334.450.933.52
TurkeyBIST 87563764.3766.073.930.523.41
SwedenSTOCKHOLM 1671005759.8857.004.330.973.36
South KoreaKOSDAQ 38025115266.0560.564.050.763.29
ChinaSZSE 103877251474.3766.583.810.613.20
ArgentinaBUE 23171173.9164.714.060.883.18
Saudi ArabiaTADAWUL 53382671.7068.423.610.533.08
MexicoBMV 44302168.1870.003.430.373.07
ChinaSSE 77757239873.6269.583.500.493.00
BelgiumBRUSSELS 36211258.3357.143.190.332.86
The World 135889177540267.5758.843.640.802.84
JapanFUKUOKA 65383.3360.004.601.802.80
EgyptEGX 36241266.6750.003.921.172.75
TaiwanGTSM 2441549263.1159.743.210.562.65
PortugalLISBON 118372.7337.503.500.882.63
ItalyBORSA 1531126873.8660.182.870.332.54
BrazilBOVESPA 62381961.2950.003.320.872.45
JapanTOKYO 116079845068.7956.393.130.722.41
TaiwanTWSE 31220711666.3556.042.770.442.33
USNASDAQ 86657331366.1754.623.240.982.26
South KoreaKRX 33722413966.4762.052.710.502.20
Austria WIENERBORSE 86575.0083.332.000.002.00
QatarQE 179652.9466.672.220.222.00
MalaysiaBURSA 2951788760.3448.883.101.111.99
FrancePARIS 25117210468.5360.472.360.471.89
SingaporeSGX 98613462.2455.743.001.151.85
KuwaitKSE 3418652.9433.333.832.061.78
CanadaTSX 41328715569.4954.012.250.601.65
Greece ATHENS 2011855.0072.733.001.361.64
SpainIBEX 46342073.9158.822.180.711.47
TurkeyBIST 87787.50100.001.430.001.43
Austria WIENERBORSE 53260.0066.671.670.331.33
DenmarkCOPENHAGEN 33221066.6745.452.050.771.27
AustraliaASX 2151336361.8647.373.191.951.23
GermanyXETRA 2181679276.6155.091.770.561.20
JapanNAGOYA 2015875.0053.332.071.071.00
FOREXFOREX 1912863.1666.671.080.081.00
USNYSE 97466935668.6953.211.490.560.92
SwitzerlandSIX 87602768.9745.001.150.550.60
USAMEX 2615857.6953.330.270.000.27
USPREFERRED 1551245580.0044.350.500.350.15
NetherlandsAMSTERDAM 5033766.0021.210.580.420.15
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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