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 1/1/2017
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
USWARRANTS 86543062.7955.567.561.835.72
CanadaCSE 94145719748.6743.018.894.254.64
TurkeyBIST 49513017176260.9458.405.570.944.63
ArgentinaBUE 111271043063.8560.565.851.344.51
USOTCBB 4024960.0037.508.044.213.83
IndonesiaIDX 53362924149854.8051.234.951.223.73
PakistanKSE 42952682145462.4454.215.131.473.66
IndiaNSE 2410114520790260.2554.424.761.323.43
Vietnam HNX 1989108853554.7049.174.941.553.40
EgyptEGX 2172141076864.9254.474.601.333.27
South KoreaKOSDAQ 2447215487870463.2856.204.461.193.27
IndiaBSE 34004204231036360.0650.744.981.813.17
ChinaSZSE 39380276831508770.3054.504.111.252.86
UKLSE 2526716315921764.5756.493.871.022.85
Hong KongHKEX 3084117500804656.7545.974.601.782.81
NorwayOSE 3003176791358.8451.674.171.392.79
IsraelTASE 56193791218367.4957.573.730.982.75
OmanMSM 127664051.9760.613.520.772.74
USNASDAQ 45797297941627865.0954.614.011.292.72
RussiaMICEX 2980188496463.2251.173.821.112.71
BrazilBOVESPA 46802946158762.9553.873.671.052.62
SwedenSTOCKHOLM 125477533386860.0451.354.041.432.61
TaiwanGTSM 109336348325258.0651.233.571.002.56
Poland GPW 58033406173558.6950.944.021.492.54
ArgentinaBUE 31021915870.6572.152.640.212.43
ChinaSSE 28503200871088070.4754.163.521.112.41
JapanNAGOYA 56932514857.1245.543.581.212.37
Vietnam HOSE 55693174164956.9951.953.551.212.34
The World 70064444590823835663.6753.433.491.202.29
PhilippinesPSE 3205175782854.8247.133.551.272.29
BangladeshDSE 45432577123756.7248.003.591.352.24
JapanTOKYO 58740372342034863.3954.653.271.042.23
USOTC PINK 2537414870628559.2141.836.093.902.19
South KoreaKRX 2151413675724963.5653.013.120.982.14
Saudi ArabiaTADAWUL 2764176196363.7154.682.960.902.06
ChileBCS 1869124277466.4562.322.490.442.05
TaiwanTWSE 148558685460158.4752.982.820.792.02
TurkeyBIST 38426217968.2368.322.230.232.00
Greece ATHENS 122079440065.0850.383.671.721.95
Austria WIENERBORSE 92760934065.7055.832.720.841.88
SpainIBEX 2285144375363.1552.182.891.011.88
FrancePARIS 113427293408264.3055.972.680.801.88
USAMEX 58273698183163.4649.513.101.341.77
KuwaitKSE 131074332556.7243.743.451.691.76
PortugalLISBON 57034716860.8848.412.871.121.75
MalaysiaBURSA 97895125238352.3546.503.171.441.73
CanadaTSX-V 3444174167550.5838.755.623.911.71
DenmarkCOPENHAGEN 1981122162361.6451.022.781.081.70
AustraliaASX 120667182350359.5448.763.121.471.65
ThailandSET 80634346195353.9044.942.811.191.61
CanadaTSX 1886412078624464.0351.702.540.961.58
USNYSE 52870364742021469.0055.412.360.841.52
ItalyBORSA 116787816419766.9353.702.360.861.50
UAEUAE 95552923155.3943.673.131.631.50
GermanyXETRA 137189439520968.8155.192.220.761.46
BrazilBOVESPA 31922715871.1669.601.680.261.42
NetherlandsAMSTERDAM 28721920106766.8555.571.960.611.35
QatarQE 84750123159.1546.112.261.011.25
MexicoBMV 2685182290967.8649.892.110.951.16
RussiaMICEX 32023314072.8160.091.520.371.15
PakistanKSE 33123112369.7953.251.320.211.11
JordanASE 101453419252.6635.963.412.351.06
BelgiumBRUSSELS 1550100046964.5246.901.980.921.06
IndiaNSE 26817411364.9364.941.250.201.06
UKLSE 50234821869.3262.641.240.221.02
SwitzerlandSIX 52613548185167.4452.171.700.710.99
AustraliaASX 42230018971.0963.001.160.190.97
MexicoBMV 42628516466.9057.541.250.290.96
ChileBCS 52337425371.5167.651.160.190.96
SingaporeSGX 3270170572452.1442.462.301.370.93
Hong KongHKEX 31722514270.9863.111.050.160.89
Poland GPW 38326616269.4560.901.060.180.88
IndonesiaIDX 2341558966.2457.421.060.250.82
NorwayOSE 32821312564.9458.691.060.250.80
JapanTOKYO 36825016467.9365.600.960.200.76
JapanFUKUOKA 126643350.7951.561.771.030.73
UAEUAE 48134320671.3160.060.960.240.71
SpainIBEX 40725714363.1455.640.930.220.71
Greece ATHENS 30219711165.2356.350.920.210.71
SwedenSTOCKHOLM 41428917569.8160.550.900.200.69
ChinaSSE 31321111667.4154.980.830.140.69
PortugalLISBON 32121111565.7354.500.930.250.69
CanadaTSX 33923114468.1462.340.910.230.68
South KoreaKOSDAQ 50933520365.8260.600.880.200.68
SwitzerlandSIX 31622213170.2559.010.880.200.68
Austria WIENERBORSE 2641749365.9153.450.890.220.67
Vietnam HOSE 29820912870.1361.240.840.190.66
FOREXFOREX 52737721371.5456.500.970.320.66
PhilippinesPSE 33222613168.0757.960.810.190.62
USPREFERRED 46243025142865.4247.211.080.470.61
BangladeshDSE 33423114169.1661.040.820.220.60
USFOREX 62742825668.2659.810.780.180.60
ItalyBORSA 30319810465.3552.530.840.240.60
FrancePARIS 30319810465.3552.530.840.240.60
GermanyXETRA 29019310266.5552.850.800.230.57
IsraelTASE 42729115368.1552.580.760.220.54
BelgiumBRUSSELS 32821811266.4651.380.770.230.54
TaiwanGTSM 2671859969.2953.510.720.210.52
NetherlandsAMSTERDAM 32721711166.3651.150.750.240.52
SingaporeSGX 39426414467.0154.550.690.190.50
ThailandSET 44029516167.0554.580.690.200.49
MalaysiaBURSA 28919810768.5154.040.760.280.47
DenmarkCOPENHAGEN 33623812870.8353.780.630.180.45
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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