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 1/1/2021
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
TurkeyBIST 84375442345264.5063.438.171.117.07
ArgentinaBUE 40012732170269.2861.407.121.285.84
EgyptEGX 28111761107462.6560.996.661.135.54
Vietnam HNX 2856164091357.4255.676.251.434.82
CanadaCSE 198896441748.4943.268.663.864.80
IndiaNSE 2864217578998661.5556.645.471.214.26
IndonesiaIDX 105225748287654.6350.035.641.384.26
IndiaBSE 47015287071535861.1953.395.641.534.11
USOTC PINK 2909217031781860.5844.367.203.293.91
USOTCBB 4024960.0037.508.044.213.83
Vietnam HOSE 74834653271762.1858.394.721.083.65
Poland GPW 89535266264359.0050.045.221.653.57
USNASDAQ 65326421222246464.6253.215.141.653.49
The World 99817963230034626064.0454.174.561.143.41
SwedenSTOCKHOLM 2133512587658959.0052.344.861.543.32
South KoreaKOSDAQ 34206218951222164.0155.824.491.213.28
PakistanKSE 46843013156364.3351.884.761.563.20
NorwayOSE 49252979149760.4950.254.561.523.04
ChinaSZSE 68263447072502465.4955.974.071.053.01
UKLSE 34620227751282965.8356.294.051.092.96
CanadaTSX-V 50672659116552.4843.816.323.372.96
TaiwanGTSM 130367802411960.0952.593.790.922.87
ArgentinaBUE 49737627275.6572.343.060.192.87
MalaysiaBURSA 121556505307553.5247.274.351.492.87
IsraelTASE 120788230482868.2658.563.780.952.83
ChinaSSE 57619379322133665.8356.253.680.922.76
BangladeshDSE 43452440118856.1648.694.031.322.71
Hong KongHKEX 3279918853867857.4846.034.511.912.60
DenmarkCOPENHAGEN 2809169586160.3450.803.851.312.54
Austria WIENERBORSE 1782118765166.6154.843.551.042.50
Saudi ArabiaTADAWUL 49043041170862.0156.173.210.762.44
FrancePARIS 137348764495563.8256.533.330.912.42
OmanMSM 131633851.1556.723.070.672.40
TurkeyBIST 57542028573.0467.862.650.262.39
UAEUAE 122872036058.6350.003.531.152.38
SpainIBEX 2622161082661.4051.303.401.022.38
South KoreaKRX 2547816381893764.3554.513.310.952.36
ThailandSET 117686487298655.1246.033.551.202.35
ChileBCS 125379647263.5359.303.030.702.33
TaiwanTWSE 1769710929590461.7654.023.040.762.28
KuwaitKSE 163494747057.9649.633.451.232.22
Greece ATHENS 1969128665765.3151.093.541.332.21
PhilippinesPSE 3713199399053.6849.673.371.182.19
BrazilBOVESPA 120237682402763.9152.413.241.062.17
USAMEX 93476084328265.0953.943.381.212.17
RussiaMICEX 61444627672.6461.882.590.432.16
USNYSE 68271465992621268.2656.252.920.912.01
AustraliaASX 167709792471458.3948.143.681.672.01
JapanTOKYO 72690464822494463.9553.663.041.032.01
CanadaTSX 2234014490778964.8653.752.920.931.99
MexicoBMV 35952328120664.7651.803.341.361.98
NetherlandsAMSTERDAM 41902891163969.0056.692.600.711.89
QatarQE 108566934561.6651.572.760.891.87
PortugalLISBON 54832415759.1248.462.931.111.82
ItalyBORSA 1710611595620267.7853.492.510.851.66
GermanyXETRA 2512417640978470.2255.462.320.751.57
JapanNAGOYA 55030814656.0047.402.501.041.45
SwitzerlandSIX 72454883259567.4753.092.120.781.34
JordanASE 104757022454.4439.303.722.391.33
BelgiumBRUSSELS 1807111756361.8250.402.240.951.29
PakistanKSE 62545324972.4854.971.500.271.23
BrazilBOVESPA 58040425269.6662.381.470.371.10
SingaporeSGX 3075166174054.0244.552.391.301.09
JapanFUKUOKA 144834957.6459.041.780.721.05
ChileBCS 96967944870.0765.981.280.261.02
JapanTOKYO 65647430972.2665.191.220.230.99
IndiaNSE 46531318467.3158.791.190.250.95
FOREXFOREX 100273641473.4556.251.280.350.93
Hong KongHKEX 61744326471.8059.591.040.190.85
IndonesiaIDX 44130618769.3961.111.100.250.85
Poland GPW 80254431167.8357.171.040.230.81
Vietnam HOSE 54537822469.3659.261.030.230.79
UKLSE 85761034471.1856.391.050.260.79
SwedenSTOCKHOLM 75052330069.7357.361.000.200.79
ChinaSSE 58438820866.4453.610.990.200.79
Austria WIENERBORSE 45830915867.4751.131.060.280.79
Greece ATHENS 52234918366.8652.441.040.280.76
South KoreaKOSDAQ 84958934669.3858.740.990.230.76
AustraliaASX 75651830468.5258.690.970.240.74
MexicoBMV 75348825864.8152.871.100.380.73
IsraelTASE 75051026768.0052.350.970.250.72
FrancePARIS 52335318167.5051.270.980.280.70
ItalyBORSA 52335318067.5050.990.980.280.70
SwitzerlandSIX 56738622568.0858.290.900.230.67
PortugalLISBON 52835418467.0551.980.940.270.66
UAEUAE 90663435869.9856.470.900.250.65
SpainIBEX 68345224566.1854.200.890.240.65
DenmarkCOPENHAGEN 59241222169.5953.640.830.190.64
USFOREX 110674943467.7257.940.820.210.61
CanadaTSX 59240822168.9254.170.880.280.60
PhilippinesPSE 66246125169.6454.450.790.200.59
BangladeshDSE 60542123469.5955.580.850.270.58
NorwayOSE 65644426267.6859.011.050.490.56
GermanyXETRA 49333817568.5651.780.800.250.55
BelgiumBRUSSELS 56438919868.9750.900.790.240.55
SingaporeSGX 69847224267.6251.270.730.190.54
NetherlandsAMSTERDAM 56338819768.9250.770.780.240.54
ThailandSET 78055229770.7753.800.720.200.52
TaiwanGTSM 51536819971.4654.080.740.240.51
MalaysiaBURSA 53837619369.8951.330.780.300.48
USWARRANTS 9721157.300.180.040.000.04
USPREFERRED 528517764.430.210.000.000.00
RussiaMICEX 32430062.750.000.000.000.00
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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