BULLISH ENGULFING
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.
BULLISH ENGULFING
Definition
This pattern is characterized by a large white body engulfing a preceding smaller black body, which appears during a downtrend. The white body does not necessarily engulf the shadows of the black body but totally engulfs the body itself. This is an important bottom reversal signal.
Recognition Criteria
1. The market is characterized by a prevailing downtrend.
2. A black body is observed on the first day.
3. The white body that is formed on the second day completely engulfs the black body of the preceding day.
Pattern Requirements and Flexibility
The length of the first black candlestick in Bullish Engulfing is not important. It can even be a Doji. However, the second one has to be a normal or long white candlestick. Either the body tops or the body bottoms of the two candlesticks may be at the same level, but in any case, the white body should be longer than the previous black body.
Trader’s Behavior
While the market is characterized by a downtrend, lower volume of selling is observed with the occurrence of a black body on the first day. The next day, the market opens at new lows. It looks as if there’s going to be more bearish trading, however the downtrend loses momentum and the bulls take the lead during the day. The buying pressure overcomes selling and finally the market closes above the open of the previous day. The downtrend is damaged.
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.
Title
Pattern Performance in Stock Exchanges since 1/1/2015
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
JapanSAPPORO 23161169.5768.7510.811.009.81
CanadaCSE 3711757147.1740.5712.344.367.98
ArgentinaBUE 71945930463.8466.235.690.804.89
IndiaBSE 2267513990819761.7058.595.861.344.52
NorwayOSE 1994120469260.3857.485.601.104.50
IndiaNSE 147459069564461.5162.235.430.954.48
PakistanKSE 28711824111863.5361.295.521.064.46
South KoreaKOSDAQ 156559824628362.8763.845.090.814.27
IndonesiaIDX 3186176794755.4653.595.251.024.23
USOTC PINK 159059443459959.3648.717.102.954.15
Hong KongHKEX 2079911911618957.2751.965.461.384.08
EgyptEGX 146293154463.7558.375.281.214.06
USOTCBB 4024960.0037.508.044.213.83
ChinaSZSE 24070172581124271.7065.144.650.903.76
TurkeyBIST 31721961118561.8260.434.490.793.71
USNASDAQ 31282207291312966.3263.294.370.883.49
UKLSE 1700911024694564.8462.974.230.753.49
Vietnam HOSE 35242018119057.2658.974.351.003.35
TaiwanGTSM 72164172239857.8257.484.100.793.32
ChinaSSE 1708812289784871.9263.864.050.833.22
SwedenSTOCKHOLM 76584618266160.3057.624.291.083.21
BrazilBOVESPA 30031894117563.0762.043.920.773.15
USAMEX 33172005113960.4556.814.241.133.11
PhilippinesPSE 2071113160454.6153.404.081.023.07
USWARRANTS 118804767.8058.754.651.653.00
JapanNAGOYA 36522010360.2746.823.961.002.96
South KoreaKRX 136378622515163.2359.743.680.732.96
Poland GPW 43302510142458.2456.464.131.172.95
The World 45962429545117640864.3059.693.850.922.93
IsraelTASE 35182429151769.0462.453.660.772.89
RussiaMICEX 1992125869763.2055.363.800.952.85
Vietnam HNX 175297047655.3749.074.611.832.78
OmanMSM 98523353.0663.463.330.562.77
PortugalLISBON 41826815364.1157.093.460.752.71
JapanTOKYO 36853239741431165.0559.693.480.792.69
Greece ATHENS 76650029665.2759.204.041.392.65
SpainIBEX 151295157962.9060.883.300.682.62
TaiwanTWSE 97725650327957.8258.043.160.632.53
Saudi ArabiaTADAWUL 1687112268266.5160.783.260.742.51
ChileBCS 135990463666.5270.352.830.332.50
BangladeshDSE 2975172291857.8853.313.541.092.45
ArgentinaBUE 20714510670.0573.102.570.142.42
Austria WIENERBORSE 54335523265.3865.352.810.572.24
UAEUAE 68237618255.1348.403.611.372.23
ThailandSET 51762867139455.3948.623.171.002.17
DenmarkCOPENHAGEN 133582145961.5055.913.020.852.17
AustraliaASX 78684723258460.0354.713.301.162.14
FrancePARIS 74364851297665.2461.352.750.632.12
CanadaTSX 129938367481764.4057.572.850.762.09
KuwaitKSE 93852223355.6544.643.881.901.99
CanadaTSX-V 2435126248851.8338.675.423.461.96
USNYSE 37398261461610169.9161.582.490.601.88
ItalyBORSA 78275295307967.7558.062.590.721.87
QatarQE 53230716857.7154.722.430.661.77
NetherlandsAMSTERDAM 1830122774067.0560.312.220.491.73
GermanyXETRA 87476019355868.8659.072.340.641.70
MalaysiaBURSA 66893572170253.4047.653.001.301.69
TurkeyBIST 27018712869.2668.451.810.211.60
MexicoBMV 1835126772869.0557.462.250.691.57
BelgiumBRUSSELS 105868437464.6554.682.250.701.55
BrazilBOVESPA 21215410372.6466.881.780.271.51
SingaporeSGX 2503133660053.3844.912.711.231.48
RussiaMICEX 22816210471.0564.201.530.381.15
SwitzerlandSIX 35522379132766.9855.781.690.571.13
Hong KongHKEX 21515710873.0268.791.270.151.11
JordanASE 79241014851.7736.103.472.411.06
PakistanKSE 1951398971.2864.031.160.141.02
IndiaNSE 1831147662.3066.671.180.190.99
UKLSE 35825015969.8363.601.160.190.98
Poland GPW 27818811467.6360.641.050.180.87
ChinaSSE 2181448166.0656.251.010.150.86
JapanTOKYO 25917511667.5766.291.070.220.86
CanadaTSX 22214710166.2268.710.970.130.84
MexicoBMV 29918810362.8854.791.140.310.83
FOREXFOREX 36125316370.0864.431.060.230.83
AustraliaASX 28520013070.1865.001.000.170.83
Austria WIENERBORSE 1881186362.7753.391.050.230.82
Greece ATHENS 2131377764.3256.201.000.210.79
USPREFERRED 34082285117367.0551.331.100.320.77
IndonesiaIDX 1601076366.8858.880.990.230.76
UAEUAE 32023014271.8861.740.990.230.76
SwitzerlandSIX 2161509169.4460.670.930.180.75
PhilippinesPSE 2191589872.1562.030.920.180.75
Vietnam HOSE 1921348669.7964.180.930.180.75
ChileBCS 33124016272.5167.500.910.180.74
SpainIBEX 2861789762.2454.490.960.230.73
South KoreaKOSDAQ 36924114965.3161.830.940.210.73
FrancePARIS 2171357062.2151.850.980.250.73
ItalyBORSA 2171357062.2151.850.980.250.73
PortugalLISBON 2301488064.3554.050.990.260.72
BangladeshDSE 2381549864.7163.640.890.180.71
SwedenSTOCKHOLM 28919812668.5163.640.830.150.68
JapanFUKUOKA 89472352.8148.941.510.830.68
GermanyXETRA 2061316863.5951.910.920.240.68
TaiwanGTSM 1861317370.4355.730.830.190.64
USFOREX 43530919571.0363.110.800.160.64
NetherlandsAMSTERDAM 2291477264.1948.980.850.240.61
BelgiumBRUSSELS 2291477264.1948.980.850.240.61
ThailandSET 29018511163.7960.000.750.180.57
IsraelTASE 29920911569.9055.020.790.230.56
NorwayOSE 2481518560.8956.290.830.280.55
DenmarkCOPENHAGEN 2301608669.5753.750.710.190.52
MalaysiaBURSA 2081458069.7155.170.830.320.51
SingaporeSGX 28918610364.3655.380.630.200.43
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

Disclaimers:

Government regulations require disclosure of the fact that while these methods may have worked in the past, past results are not necessarily indicative of future results. While there is a potential for profits there is also a risk of loss. There is substantial risk in security trading. Losses incurred in connection with trading stocks or futures contracts can be significant. You should therefore carefully consider whether such trading is suitable for you in the light of your financial condition since all speculative trading is inherently risky and should only be undertaken by individuals with adequate risk capital. Neither Americanbulls.com LLC, nor Candlesticker.com makes any claims whatsoever regarding past or future performance. All examples, charts, histories, tables, commentaries, or recommendations are for educational or informational purposes only.

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