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 86185573352464.7563.158.061.136.94
ArgentinaBUE 91764638570.4559.607.671.526.15
EgyptEGX 28031755106462.6160.636.691.145.55
CanadaCSE 192994442048.9444.498.953.785.17
Vietnam HNX 2832162091457.2056.426.381.414.96
IndonesiaIDX 107035868293754.8350.055.661.364.29
IndiaNSE 28833177231001961.5056.505.441.224.21
IndiaBSE 47592291221550661.2353.215.641.544.10
USOTCBB 4024960.0037.508.044.213.83
USOTC PINK 2968317328789860.5143.977.073.323.75
Vietnam HOSE 74484611269761.9158.494.741.063.67
Poland GPW 91555404271359.0950.155.171.653.52
USNASDAQ 66128426612272564.5653.235.141.673.47
The World 100868763768034799063.8953.994.531.153.38
SwedenSTOCKHOLM 2173412835674659.1152.514.871.533.34
South KoreaKOSDAQ 34849222381236163.8455.564.461.203.26
NorwayOSE 50173041153860.6150.584.671.533.14
PakistanKSE 47223033154364.2350.874.711.593.12
ChinaSZSE 69790452652506664.8655.384.031.082.95
TaiwanGTSM 131217861418660.1453.053.840.912.93
UKLSE 34475226821267465.8055.874.031.092.93
CanadaTSX-V 50592666117852.7044.196.243.322.91
BangladeshDSE 45112525123455.9748.874.221.332.88
ArgentinaBUE 49737627275.6572.343.060.192.87
MalaysiaBURSA 123976589311553.1647.274.301.492.81
IsraelTASE 124188486494868.3458.313.750.962.79
ChinaSSE 59166384562140965.0055.673.630.942.68
Austria WIENERBORSE 1802120065866.5954.833.591.032.56
Hong KongHKEX 3273418746861257.2745.944.481.932.55
Saudi ArabiaTADAWUL 49933096175162.0156.563.250.762.49
OmanMSM 131633851.1556.723.070.672.40
USAMEX 95106227335265.4853.833.611.222.39
UAEUAE 120171035559.1250.003.521.142.39
TurkeyBIST 57942428573.2367.222.630.262.37
DenmarkCOPENHAGEN 2836171186560.3350.563.681.332.35
FrancePARIS 137728710489863.3756.123.270.942.33
South KoreaKRX 2600916664909464.0754.573.280.942.33
ThailandSET 119596579300655.0145.693.541.222.33
TaiwanTWSE 1788811071597061.8953.923.090.762.33
ChileBCS 130283049863.7560.003.010.692.32
SpainIBEX 2644163983661.9951.013.351.062.29
PhilippinesPSE 3716198697653.4449.143.491.202.28
KuwaitKSE 165495648757.8050.943.471.202.27
BrazilBOVESPA 123637883413963.7652.513.211.052.16
RussiaMICEX 61744727572.4561.522.580.432.15
Greece ATHENS 1996129767164.9851.733.441.312.14
JapanTOKYO 73553470082532363.9153.873.061.032.04
USNYSE 69034471172640568.2556.042.900.911.99
CanadaTSX 2250914631789065.0653.882.910.931.98
AustraliaASX 170109951476858.5047.913.631.691.93
MexicoBMV 36202342120664.7051.493.291.361.93
QatarQE 108866834661.4051.802.750.891.86
NetherlandsAMSTERDAM 42662930164268.6856.042.600.741.86
ItalyBORSA 1724911649621467.6453.262.500.851.64
PortugalLISBON 55731114658.7144.652.761.131.64
GermanyXETRA 2551317831986469.8955.322.320.771.55
JapanNAGOYA 55231715057.4347.322.381.001.39
JordanASE 104857622554.9639.063.682.361.32
SwitzerlandSIX 73434960263967.5553.212.100.791.31
BelgiumBRUSSELS 1806111855961.9050.002.220.951.27
PakistanKSE 62545324972.4854.971.490.271.22
SingaporeSGX 3070166575054.2345.052.441.261.18
BrazilBOVESPA 58140525369.7162.471.470.371.10
ChileBCS 98269145470.3765.701.260.261.01
JapanTOKYO 65847530972.1965.051.210.230.98
IndiaNSE 46631418467.3858.601.190.250.93
FOREXFOREX 100473841573.5156.231.270.340.93
IndonesiaIDX 44330818969.5361.361.100.250.85
JapanFUKUOKA 148855157.4360.001.570.730.84
Hong KongHKEX 61944426471.7359.461.030.190.84
MexicoBMV 75849326265.0453.141.180.370.81
Poland GPW 80754931368.0357.011.030.230.81
UKLSE 85761034471.1856.391.050.260.79
SwedenSTOCKHOLM 75952430069.0457.250.990.210.79
Austria WIENERBORSE 45930915867.3251.131.060.280.79
Vietnam HOSE 54737922469.2959.101.020.240.78
ChinaSSE 58538920866.5053.470.980.200.78
South KoreaKOSDAQ 85259134869.3758.880.990.230.76
Greece ATHENS 52334918366.7352.441.040.280.76
AustraliaASX 76052530669.0858.290.960.230.73
IsraelTASE 75251226968.0952.540.970.250.72
FrancePARIS 52535318167.2451.270.980.280.70
ItalyBORSA 52535318067.2450.990.980.280.70
SwitzerlandSIX 56838722568.1358.140.900.230.67
PortugalLISBON 52935418466.9251.980.940.270.66
UAEUAE 90863535669.9356.060.900.250.65
SpainIBEX 68745324565.9454.080.890.240.65
DenmarkCOPENHAGEN 59441322169.5353.510.820.190.64
USFOREX 111075343567.8457.770.810.210.60
CanadaTSX 59541022168.9153.900.880.280.60
PhilippinesPSE 66346225369.6854.760.780.200.59
BangladeshDSE 60742223469.5255.450.850.270.58
NorwayOSE 65944726467.8359.061.050.490.56
GermanyXETRA 49533817568.2851.780.800.250.55
BelgiumBRUSSELS 56538919868.8550.900.790.240.55
NetherlandsAMSTERDAM 56438819768.7950.770.780.240.54
SingaporeSGX 69947324267.6751.160.730.200.53
ThailandSET 78755830170.9053.940.710.200.51
TaiwanGTSM 51837120171.6254.180.740.230.51
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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