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
USWARRANTS 103633861.1760.3219.942.4417.49
JapanSAPPORO 23161169.5768.7510.811.009.81
CanadaCSE 106152123649.1045.309.864.025.84
TurkeyBIST 53543279195661.2459.656.350.935.41
ArgentinaBUE 130384652464.9361.946.411.275.15
PakistanKSE 45432869159163.1555.455.451.404.05
IndiaNSE 2562315541863760.6555.585.281.294.00
IndonesiaIDX 58903224166354.7451.585.131.213.92
EgyptEGX 2346154986666.0355.915.131.283.86
USOTCBB 4024960.0037.508.044.213.83
IndiaBSE 35743216141115960.4751.635.401.753.65
Poland GPW 64803824198359.0151.865.071.473.61
Vietnam HNX 2115116258454.9450.265.011.523.49
South KoreaKOSDAQ 2573816396930863.7056.774.631.163.47
UKLSE 27570179321026065.1057.174.210.993.22
IsraelTASE 64324404258768.4758.744.070.943.13
NorwayOSE 32971957103159.3652.684.491.353.13
USNASDAQ 49533324721798865.5655.404.421.303.13
RussiaMICEX 32172043106663.5152.184.171.073.10
SwedenSTOCKHOLM 136768243431760.2752.374.401.412.99
ChinaSZSE 43346306651688470.7455.064.191.222.97
TaiwanGTSM 118266925360758.5652.093.890.972.91
OmanMSM 131674251.1562.693.570.672.90
USOTC PINK 2830916544719759.3542.846.683.792.89
BrazilBOVESPA 51973274177463.0054.183.931.042.89
Hong KongHKEX 3315518916874657.0646.234.671.792.88
Vietnam HOSE 61343586195358.4654.463.931.142.79
The World 74717347869725879964.1154.033.771.192.58
ChinaSSE 31493223761218771.0554.463.611.082.52
South KoreaKRX 2189113979754063.8653.943.470.962.50
ArgentinaBUE 33724417772.4072.542.680.202.48
JapanNAGOYA 59633716056.5447.483.661.182.48
JapanTOKYO 63548406522249963.9755.353.421.022.40
MalaysiaBURSA 106155617265652.9247.293.761.432.33
Saudi ArabiaTADAWUL 29831946109765.2456.373.190.872.33
PhilippinesPSE 3463188790154.4947.753.581.262.32
Austria WIENERBORSE 31822212469.8155.863.801.492.32
CanadaTSX-V 3747192578951.3740.996.043.732.31
BangladeshDSE 46582654127656.9848.083.641.342.30
TaiwanTWSE 159679483509359.3953.713.040.772.26
USAMEX 62374004208164.2051.973.391.252.14
TurkeyBIST 40127719169.0868.952.350.222.13
Greece ATHENS 126682542065.1750.913.741.682.06
FrancePARIS 120777810438764.6756.172.830.802.04
SpainIBEX 2403152779863.5552.262.990.972.02
ChileBCS 1888125977866.6861.802.460.452.01
AustraliaASX 130357827389160.0549.713.461.452.00
KuwaitKSE 144183637958.0245.333.611.661.95
ThailandSET 87344747216054.3545.503.141.201.93
UAEUAE 103959527757.2746.553.431.541.89
USNYSE 56164390952221169.6156.812.700.811.89
CanadaTSX 2015713045691664.7253.012.780.931.86
DenmarkCOPENHAGEN 2137130667161.1151.382.921.071.85
PortugalLISBON 60536817760.8348.102.861.131.74
QatarQE 92055326760.1148.282.590.951.64
GermanyXETRA 1518810585582369.7554.972.350.771.58
ItalyBORSA 126838543458167.3653.622.410.871.54
NetherlandsAMSTERDAM 31172112118067.7655.872.090.611.48
BrazilBOVESPA 35925017069.6468.001.780.311.48
MexicoBMV 29762015101467.7150.322.310.981.32
BelgiumBRUSSELS 1667106951164.1347.802.030.901.13
SwitzerlandSIX 57643896205167.5952.641.820.701.12
SingaporeSGX 3487183878452.7142.662.461.361.10
RussiaMICEX 36026315473.0658.561.480.391.09
JordanASE 102154119652.9936.233.362.301.06
USPREFERRED 52173483175066.7850.231.540.491.05
UKLSE 54137823269.8761.381.250.221.02
PakistanKSE 36926414171.5453.411.220.211.02
Hong KongHKEX 34925015671.6362.401.170.161.01
IndiaNSE 28919312266.7863.211.210.201.01
IndonesiaIDX 25317010167.1959.411.220.240.98
JapanTOKYO 39727218068.5166.181.180.200.97
ChileBCS 56940026470.3066.001.150.210.94
ChinaSSE 34423412868.0254.701.070.150.91
JapanFUKUOKA 142794455.6355.701.850.960.89
Vietnam HOSE 31922413870.2261.611.080.200.88
MexicoBMV 46631317267.1754.951.210.340.88
Greece ATHENS 32821612065.8555.561.080.220.86
Austria WIENERBORSE 28719210266.9053.131.080.220.85
AustraliaASX 45732519371.1259.381.060.210.85
Poland GPW 42629617869.4860.141.040.190.84
PortugalLISBON 34623012466.4753.911.080.250.83
South KoreaKOSDAQ 55437122466.9760.381.020.190.83
SpainIBEX 44028415764.5555.281.040.220.82
SwedenSTOCKHOLM 44831418670.0959.240.990.210.78
ItalyBORSA 32821811466.4652.291.000.240.76
FrancePARIS 32821811566.4652.751.000.240.76
GermanyXETRA 31421311367.8353.050.970.230.74
SwitzerlandSIX 34224113970.4757.680.950.230.72
UAEUAE 51736922071.3759.620.950.250.70
BelgiumBRUSSELS 35424012367.8051.250.920.230.69
NetherlandsAMSTERDAM 35323912267.7151.050.900.230.67
DenmarkCOPENHAGEN 36125613770.9153.520.840.180.66
PhilippinesPSE 37525414267.7355.910.810.180.64
CanadaTSX 36825215068.4859.520.900.260.63
SingaporeSGX 43129415968.2154.080.800.170.63
USFOREX 68747228068.7059.320.820.190.63
FOREXFOREX 56841522773.0654.700.920.330.60
BangladeshDSE 35224815170.4560.890.790.220.57
IsraelTASE 47332516868.7151.690.770.240.53
ThailandSET 47532017467.3754.380.710.190.52
TaiwanGTSM 29220511170.2154.150.710.210.49
MalaysiaBURSA 32122712170.7253.300.730.300.43
NorwayOSE 36823813864.6757.981.050.680.38
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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