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 1/1/2018
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
USWARRANTS 2141296960.2853.4917.163.3213.84
JapanSAPPORO 23161169.5768.7510.811.009.81
CanadaCSE 141074234552.6246.5010.734.226.51
TurkeyBIST 54523444211863.1761.507.270.986.29
ArgentinaBUE 1608106266666.0462.716.271.195.08
USOTC PINK 2827116830755859.6644.818.653.844.81
IndonesiaIDX 60863334175954.7852.765.731.224.51
EgyptEGX 2237149183466.6555.945.631.234.41
Poland GPW 63853764197958.9552.585.881.514.37
Vietnam HNX 1917104354954.4152.645.691.444.25
IndiaNSE 2438614807831260.7656.105.441.254.19
PakistanKSE 43732737150862.5955.105.501.394.11
BrazilBOVESPA 56383532193862.9854.584.931.093.84
USOTCBB 4024960.0037.508.044.213.83
IndiaBSE 34282207621085060.5752.255.421.653.77
USNASDAQ 46969310881743966.2656.044.931.313.62
South KoreaKOSDAQ 2550916119924863.3057.274.671.093.58
UKLSE 27159179311049166.0658.474.511.003.52
IsraelTASE 66814589280068.9060.834.290.853.45
CanadaTSX-V 4183216792451.8042.647.123.683.44
Austria WIENERBORSE 51436221470.4359.124.340.953.38
SwedenSTOCKHOLM 142818530450059.8252.674.701.413.29
Vietnam HOSE 61543630206558.9956.894.351.083.27
NorwayOSE 33141966103959.3252.854.581.303.27
RussiaMICEX 34822190115262.9852.534.150.923.23
The World 76220049207227036764.5954.924.261.143.13
TaiwanGTSM 109566444340158.8252.783.830.902.93
PhilippinesPSE 3425192494256.1848.964.041.192.85
MalaysiaBURSA 102745404257052.6047.564.241.432.81
ThailandSET 85674768230555.6648.343.861.122.74
USAMEX 62424121227566.2055.063.841.112.72
SpainIBEX 2272145979464.2254.423.610.912.70
Hong KongHKEX 3126517733809356.7245.644.421.802.62
South KoreaKRX 2106513426738563.7455.013.490.872.61
Greece ATHENS 132388047066.5253.413.961.372.59
Saudi ArabiaTADAWUL 28871894108665.6057.343.350.822.53
BangladeshDSE 43322403119755.4749.813.761.262.50
ArgentinaBUE 36526920173.7074.722.660.182.48
FrancePARIS 115297503436265.0858.143.230.772.47
JapanNAGOYA 55531015855.8650.973.621.162.45
JapanTOKYO 59634383992136064.3955.633.461.022.44
TaiwanTWSE 146698824473260.1553.633.150.752.41
OmanMSM 131633851.1556.723.070.672.40
ChinaSZSE 45434311591661868.5853.333.511.162.36
KuwaitKSE 134483039161.7647.113.841.522.32
DenmarkCOPENHAGEN 2018124264861.5552.173.301.062.24
AustraliaASX 130957824391059.8949.863.681.482.20
USNYSE 50862358202073270.4457.873.000.812.19
ChinaSSE 33109227061216968.5853.593.131.012.12
TurkeyBIST 42329720470.2168.692.340.232.12
ChileBCS 1614107767666.7362.772.530.432.10
CanadaTSX 1854012207656465.8653.752.960.882.08
JordanASE 93350920154.5639.494.022.101.92
NetherlandsAMSTERDAM 30152105120269.8257.102.430.551.88
GermanyXETRA 1550510940615470.5656.252.580.721.86
PortugalLISBON 53532015259.8147.502.911.091.82
QatarQE 90455728061.6250.272.750.951.79
ItalyBORSA 124728457458767.8154.242.570.841.73
UAEUAE 98053523954.5944.673.041.381.66
MexicoBMV 29291960100566.9251.282.511.001.50
SwitzerlandSIX 54783734202368.2554.112.100.701.41
BrazilBOVESPA 38627218470.4767.651.720.321.40
SingaporeSGX 2992161972154.1144.532.641.331.31
BelgiumBRUSSELS 1602102349363.8648.192.180.921.26
USPREFERRED 46663146159167.4250.571.770.521.25
JapanFUKUOKA 124683654.8452.942.160.931.24
RussiaMICEX 40829717972.7960.271.450.381.07
IndiaNSE 31420613165.6163.591.200.191.00
Hong KongHKEX 39128117371.8761.571.090.160.93
UKLSE 59141925370.9060.381.170.240.93
PakistanKSE 41328815169.7352.431.190.270.92
JapanTOKYO 43630720370.4166.121.120.210.92
IndonesiaIDX 28419711469.3757.871.140.240.89
ChileBCS 63344128669.6764.851.120.230.89
ChinaSSE 38625913867.1053.281.030.180.85
MexicoBMV 50033618067.2053.571.180.360.82
Poland GPW 47333620071.0459.521.010.200.82
Vietnam HOSE 35225015171.0260.401.020.210.81
Greece ATHENS 36023713365.8356.121.030.230.80
AustraliaASX 50435420570.2457.911.010.230.78
Austria WIENERBORSE 31521111466.9854.031.010.230.78
SpainIBEX 48331517565.2255.561.000.230.77
South KoreaKOSDAQ 60640023766.0159.250.970.200.76
PortugalLISBON 37725013666.3154.401.020.260.76
SwedenSTOCKHOLM 49934619869.3457.230.950.210.74
UAEUAE 57840724370.4259.710.930.240.70
FrancePARIS 36024012966.6753.750.930.250.69
ItalyBORSA 36024012866.6753.330.930.250.69
SwitzerlandSIX 38227315871.4757.880.920.230.68
GermanyXETRA 34523512768.1254.040.910.240.67
DenmarkCOPENHAGEN 39728715672.2954.360.840.170.67
USFOREX 75251731068.7559.960.830.180.65
BelgiumBRUSSELS 39126713968.2952.060.860.240.62
NetherlandsAMSTERDAM 39026613868.2151.880.840.240.60
PhilippinesPSE 41428715869.3255.050.790.200.59
FOREXFOREX 62045725173.7154.920.900.320.58
SingaporeSGX 48033217569.1752.710.740.180.56
CanadaTSX 40527815568.6455.760.820.280.54
IsraelTASE 50435117769.6450.430.750.250.50
BangladeshDSE 38427716272.1458.480.730.240.49
ThailandSET 52035619268.4653.930.690.190.49
TaiwanGTSM 33123612671.3053.390.680.250.42
MalaysiaBURSA 35224612969.8952.440.720.300.42
NorwayOSE 40826414864.7156.061.030.660.37
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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