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 32266.67100.0013.000.0013.00
JordanASE 2517868.0047.0614.531.5912.94
CanadaCSE 148557.1462.5014.382.3812.00
USOTCBB 85462.5080.0010.800.6010.20
USWARRANTS 21150.00100.0010.000.0010.00
NorwayOSE 44311770.4554.847.261.066.19
CanadaTSX-V 119562347.0641.078.132.755.38
USAMEX 111734765.7764.386.290.955.34
IndiaNSE 37424515665.5163.676.110.875.25
USOTC PINK 44024011555.0047.529.384.165.22
IndiaBSE 40128116870.0759.796.030.845.19
RussiaMICEX 99734473.7460.275.780.715.07
UKLSE 48531820665.5764.785.640.764.88
Hong KongHKEX 72742222858.1853.905.661.044.62
IndonesiaIDX 96623264.5851.614.270.983.29
Saudi ArabiaTADAWUL 51362570.5969.443.780.533.25
South KoreaKOSDAQ 36023714365.8360.344.020.793.23
ChinaSZSE 96770145072.4964.193.900.683.22
ArgentinaBUE 22171177.2764.714.060.883.18
SwedenSTOCKHOLM 159965260.3854.
Greece ATHENS 1710858.8280.004.000.903.10
TurkeyBIST 85553664.7165.453.560.533.04
MexicoBMV 43302169.7770.003.400.373.03
JapanFUKUOKA 65383.3360.004.801.803.00
IsraelTASE 97624464.9569.843.700.752.95
ChinaSSE 73251734370.3666.603.320.542.78
The World 130518765508667.1958.003.590.822.77
BrazilBOVESPA 57351861.4051.433.570.942.63
ItalyBORSA 1491086673.1560.552.940.322.62
BelgiumBRUSSELS 34191055.8852.632.950.372.58
JapanTOKYO 110476142868.9356.243.080.692.39
South KoreaKRX 31521013366.6763.332.870.532.34
TaiwanGTSM 2351458461.7057.932.900.602.30
USNASDAQ 83855430066.1154.
TaiwanTWSE 29519310565.4254.402.580.472.11
Austria WIENERBORSE 86575.0083.332.000.002.00
QatarQE 169656.2566.672.220.222.00
SingaporeSGX 92573161.9654.393.071.121.95
MalaysiaBURSA 2891728259.5247.673.011.131.88
PortugalLISBON 107270.0028.572.861.001.86
FrancePARIS 24316610068.3160.242.300.461.83
KuwaitKSE 3317551.5229.414.002.181.82
EgyptEGX 36241166.6745.832.961.211.75
CanadaTSX 39728015470.5355.002.300.581.73
SpainIBEX 46342073.9158.822.180.711.47
TurkeyBIST 87787.50100.001.430.001.43
Austria WIENERBORSE 53260.0066.671.670.331.33
AustraliaASX 2051276161.9548.033.161.891.27
DenmarkCOPENHAGEN 3121967.7442.862.050.811.24
GermanyXETRA 2061578476.2153.501.750.591.16
JapanNAGOYA 1915878.9553.332.071.071.00
FOREXFOREX 1712870.5966.671.080.081.00
USNYSE 96466035268.4653.331.430.570.87
SwitzerlandSIX 84582769.0546.551.190.520.67
USAMEX 2415862.5053.330.270.000.27
NetherlandsAMSTERDAM 4932765.3121.880.590.410.19
USPREFERRED 1531235480.3943.900.490.350.14
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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