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 2691426052.7942.2513.924.119.81
ArgentinaBUE 60138726164.3967.446.070.665.40
IndiaBSE 1930911955714961.9159.806.321.295.03
IndiaNSE 124237718490062.1363.495.770.884.88
PakistanKSE 25531642101264.3261.635.881.074.81
NorwayOSE 1799108862060.4856.995.841.124.71
USOTC PINK 134738000396859.3849.607.382.884.50
IndonesiaIDX 2727153883456.4054.235.440.984.45
South KoreaKOSDAQ 136828672556163.3864.135.140.794.35
Hong KongHKEX 1816210570560458.2053.015.651.324.33
EgyptEGX 130183848864.4158.235.521.224.30
ChinaSZSE 2016214557966472.2066.394.820.873.95
USOTCBB 4024960.0037.508.044.213.83
TurkeyBIST 27161711103463.0060.434.520.813.71
UKLSE 150439732615564.7863.164.330.743.58
ChinaSSE 1458010647699273.0265.674.290.803.50
BrazilBOVESPA 25071612102664.3063.654.180.723.45
USNASDAQ 27587180741134965.6062.714.330.903.43
JapanNAGOYA 3081868960.3947.854.230.833.39
Vietnam HOSE 3014172699157.2757.424.380.993.39
SwedenSTOCKHOLM 65823943225660.1357.004.451.073.37
PhilippinesPSE 180197352454.0353.854.351.023.33
TaiwanGTSM 63663692212558.0057.564.030.803.23
IsraelTASE 30442138136070.2463.613.860.783.09
The World 40214025928115558064.5059.983.940.903.04
South KoreaKRX 116877431451363.6160.713.700.712.99
Poland GPW 40112354133758.6956.804.171.182.99
RussiaMICEX 1789113264063.2856.543.860.912.95
Vietnam HNX 158987541555.0747.434.751.842.90
JapanTOKYO 31709207011239065.2859.853.600.792.81
CanadaTSX-V 2084108543552.0640.096.153.382.77
PortugalLISBON 37423513762.8358.303.590.882.71
USAMEX 36372268129962.4757.173.711.032.68
ChileBCS 117078756167.2671.283.000.332.67
Saudi ArabiaTADAWUL 145196058566.1660.943.410.772.64
Greece ATHENS 62541824166.8857.664.121.482.64
OmanMSM 90473152.2265.963.060.452.62
TaiwanTWSE 85924970290057.8458.353.230.632.60
UAEUAE 56932316356.7750.463.951.362.59
USWARRANTS 101694168.3259.424.541.992.55
BangladeshDSE 2647155483458.7153.673.551.072.48
SpainIBEX 132182950262.7660.553.110.682.42
ThailandSET 44652502124156.0449.603.370.962.41
FrancePARIS 65094256263565.3961.912.830.622.20
DenmarkCOPENHAGEN 118773340861.7555.663.040.852.19
ArgentinaBUE 1851228765.9571.312.330.162.17
AustraliaASX 68924145226960.1454.743.311.152.16
CanadaTSX 116257468427464.2857.192.930.772.15
KuwaitKSE 81644719654.7843.854.091.982.12
Austria WIENERBORSE 47331520266.6064.132.650.602.05
ItalyBORSA 67944594266867.6258.082.660.731.92
USNYSE 33240231021406869.5260.882.510.631.88
GermanyXETRA 74795177299469.2257.832.390.661.73
NetherlandsAMSTERDAM 1582107865368.1460.582.220.501.72
MalaysiaBURSA 58723168151253.9547.732.961.261.71
QatarQE 46426514657.1155.092.320.631.70
SingaporeSGX 2286123255653.8945.132.911.251.66
BelgiumBRUSSELS 95961433164.0353.912.250.691.56
MexicoBMV 1605110562968.8556.922.220.701.52
BrazilBOVESPA 1931398972.0264.031.760.301.45
JordanASE 70036013451.4337.223.682.261.41
TurkeyBIST 24516510867.3565.451.590.221.37
RussiaMICEX 2011359167.1667.411.700.391.31
Hong KongHKEX 1891399773.5469.781.390.151.24
SwitzerlandSIX 31062068117566.9756.491.740.551.19
FOREXFOREX 31122114571.0665.611.260.201.06
IndiaNSE 1641026662.2064.711.250.221.04
UKLSE 31922814371.4762.721.210.201.01
PakistanKSE 1761247970.4563.711.150.141.01
JapanTOKYO 2231469565.4765.071.150.210.94
ChinaSSE 1901237064.7456.911.070.140.93
IndonesiaIDX 140905664.2962.221.130.220.91
BangladeshDSE 2021278762.8768.501.050.160.89
MexicoBMV 2671739264.7953.181.200.320.87
Vietnam HOSE 1701178068.8268.381.050.180.87
CanadaTSX 2031359366.5068.890.980.120.86
UAEUAE 27520412774.1862.251.080.230.85
PhilippinesPSE 1921378371.3560.581.020.180.85
Poland GPW 25617210367.1959.881.010.170.84
Austria WIENERBORSE 1741095862.6453.211.070.240.83
AustraliaASX 27019212371.1164.061.010.170.83
SpainIBEX 2591608961.7855.631.010.210.81
Greece ATHENS 1961246963.2755.651.020.220.80
SwitzerlandSIX 1911348470.1662.690.960.170.79
PortugalLISBON 2101337363.3354.891.040.250.79
ChileBCS 29220913671.5865.070.960.190.77
USPREFERRED 30032018103467.2351.211.100.360.75
South KoreaKOSDAQ 32921012863.8360.950.940.210.73
USFOREX 38026817070.5363.430.880.160.72
FrancePARIS 1991256462.8151.200.980.260.71
ItalyBORSA 1991256462.8151.200.980.260.71
TaiwanGTSM 1681186570.2455.080.900.210.69
GermanyXETRA 1881216264.3651.240.920.260.66
ThailandSET 2531559361.2660.000.830.190.65
IsraelTASE 26718610569.6656.450.850.210.64
SwedenSTOCKHOLM 26518111368.3062.430.760.140.61
MalaysiaBURSA 1821287070.3354.690.910.340.58
BelgiumBRUSSELS 2091356564.5948.150.830.250.58
NetherlandsAMSTERDAM 2091356564.5948.150.830.250.58
NorwayOSE 2281377460.0954.010.830.300.53
SingaporeSGX 2541649264.5756.100.650.200.45
DenmarkCOPENHAGEN 2121488069.8154.050.650.210.44
JapanFUKUOKA 76422255.2652.381.170.790.38
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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