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 1/1/2016
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 51311660.7851.616.421.654.77
ArgentinaBUE 92159036365.8059.905.621.234.39
CanadaCSE 79637816047.7442.118.744.384.36
TurkeyBIST 35882207129861.5158.815.170.884.29
IndonesiaIDX 37782086107855.2151.685.241.154.09
USOTCBB 4024960.0037.508.044.213.83
EgyptEGX 1533100755265.6954.824.891.193.71
IndiaNSE 1728510579576661.3254.404.561.263.31
South KoreaKOSDAQ 1762011067624362.8956.344.291.093.20
PakistanKSE 31731955104061.6153.204.701.513.19
IndiaBSE 2487015143771460.8950.944.741.673.07
Greece ATHENS 87758233066.3656.704.161.212.94
Vietnam HNX 148379640153.6750.384.551.612.94
UKLSE 1873512202689665.2056.453.791.002.79
USNASDAQ 32534212601159565.7254.233.971.232.74
PhilippinesPSE 2352132463556.2947.963.871.172.71
RussiaMICEX 2329142771561.7949.693.751.062.68
OmanMSM 76382250.0057.893.530.892.63
USOTC PINK 1826710854459659.5842.236.533.922.62
Vietnam HOSE 40092334126058.2253.983.701.152.55
TaiwanGTSM 75804436230258.5251.893.470.932.54
ArgentinaBUE 27619414070.2972.162.720.192.53
JapanNAGOYA 37721510157.0346.983.681.192.49
NorwayOSE 2178128166559.0951.673.741.262.47
SwedenSTOCKHOLM 93565593285059.7850.963.811.352.47
BrazilBOVESPA 31871974105662.3553.153.521.062.46
IsraelTASE 39292661152867.7357.423.360.912.46
BangladeshDSE 3152175586955.6849.523.631.232.40
Hong KongHKEX 2215712415557256.1644.784.051.732.32
Poland GPW 40392325117557.8950.263.641.472.17
The World 50265232159617061064.0652.993.301.162.15
JapanTOKYO 39717262171435966.0154.773.131.022.11
ThailandSET 56983139147755.1247.023.051.002.05
TurkeyBIST 35624016867.4270.002.260.222.04
South KoreaKRX 155789937533163.9053.552.910.872.04
Saudi ArabiaTADAWUL 1930123368964.2055.612.880.862.03
USAMEX 41812681132764.1549.483.191.281.91
ChileBCS 134391357268.0662.582.280.401.88
SpainIBEX 1650106956764.7953.042.830.951.87
ChinaSZSE 29241202961043469.4151.413.071.201.87
TaiwanTWSE 103256102315659.1051.722.610.781.82
FrancePARIS 80265210294665.0556.432.500.751.75
Austria WIENERBORSE 61640923166.4056.482.590.851.74
ChinaSSE 2115614696762269.4651.862.761.031.73
AustraliaASX 87625309260060.6648.923.051.421.63
CanadaTSX 131578551439465.0151.372.490.891.60
KuwaitKSE 100158325058.2442.883.361.791.58
PortugalLISBON 38923811161.1846.642.631.071.57
USNYSE 37373258351439969.2255.662.320.791.53
UAEUAE 67234214450.8942.112.901.371.53
QatarQE 60136117460.0748.202.440.921.52
CanadaTSX-V 2812141553850.5037.895.433.931.50
ItalyBORSA 84005690303667.8353.282.350.881.47
MalaysiaBURSA 68673567158551.9444.442.881.451.43
GermanyXETRA 98316777372569.0054.922.150.731.42
DenmarkCOPENHAGEN 138684542760.9750.532.451.041.41
NetherlandsAMSTERDAM 2061142279469.0055.841.960.571.39
BrazilBOVESPA 28519713269.1267.011.610.271.35
JapanFUKUOKA 98553356.1260.002.000.711.29
JordanASE 75239514152.5335.703.492.331.16
PakistanKSE 28520111370.5356.221.240.191.04
SwitzerlandSIX 37412516130767.2551.951.740.711.03
RussiaMICEX 29321312872.7060.091.390.381.02
MexicoBMV 1909129765167.9450.191.930.911.02
IndiaNSE 24916010564.2665.631.180.190.98
UKLSE 45431420069.1663.691.170.200.97
BelgiumBRUSSELS 111272132864.8445.491.790.870.91
ChileBCS 45932722071.2467.281.080.190.89
AustraliaASX 38126617169.8264.291.050.170.88
Hong KongHKEX 29520712970.1762.321.020.170.85
Poland GPW 35223914567.9060.671.020.170.85
JapanTOKYO 33923215268.4465.521.000.200.80
CanadaTSX 30120713368.7764.250.960.180.78
Greece ATHENS 27818210365.4756.590.960.210.75
SwitzerlandSIX 28119612169.7561.730.940.190.75
SingaporeSGX 2228119150653.4642.492.161.410.74
MexicoBMV 40026414866.0056.061.040.300.74
SpainIBEX 37423313062.3055.790.960.210.74
ChinaSSE 28619410967.8356.190.880.150.73
PortugalLISBON 29619310665.2054.920.970.250.73
PhilippinesPSE 29820412468.4660.780.880.160.72
Austria WIENERBORSE 2421598565.7053.460.940.230.71
UAEUAE 44832019271.4360.000.920.230.69
South KoreaKOSDAQ 46230518666.0260.980.880.200.68
IndonesiaIDX 2161428265.7457.750.920.250.66
FrancePARIS 2771819565.3452.490.880.240.64
ItalyBORSA 2771819565.3452.490.880.240.64
Vietnam HOSE 27319211670.3360.420.810.190.62
IsraelTASE 38526814769.6154.850.810.210.61
GermanyXETRA 2641769366.6752.840.840.230.61
FOREXFOREX 47834219171.5555.850.910.320.60
USFOREX 58640124068.4359.850.760.170.60
SwedenSTOCKHOLM 37626015569.1559.620.780.190.59
USPREFERRED 37652505115766.5646.170.950.400.56
BangladeshDSE 30220712268.5458.940.770.220.55
NetherlandsAMSTERDAM 29719710066.3350.760.780.230.55
BelgiumBRUSSELS 29719710066.3350.760.780.230.55
NorwayOSE 30219211063.5857.290.810.270.54
TaiwanGTSM 2411709270.5454.120.710.220.49
DenmarkCOPENHAGEN 29921211570.9054.250.660.170.49
MalaysiaBURSA 2691849968.4053.800.740.280.46
ThailandSET 39526014465.8255.380.660.210.45
SingaporeSGX 36123912866.2053.560.590.200.39
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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