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 66402460.6160.008.301.356.95
CanadaCSE 89242318448.3242.698.894.124.77
ArgentinaBUE 108770742965.0460.685.841.284.56
TurkeyBIST 47272889167161.1257.845.220.924.30
USOTCBB 4024960.0037.508.044.213.83
IndonesiaIDX 51242822145355.0751.494.991.203.79
PakistanKSE 41222586140462.7454.295.081.453.64
IndiaNSE 2277213992767061.4854.784.801.273.53
South KoreaKOSDAQ 2327814791841063.5856.824.471.113.36
Vietnam HNX 1919105951955.1849.014.891.543.36
IndiaBSE 32408197861010261.0551.065.021.763.25
EgyptEGX 2082135474265.0354.804.531.283.24
Hong KongHKEX 2938016749776157.0246.334.681.742.94
NorwayOSE 2860169188159.1352.104.161.312.86
UKLSE 2415215701886965.0956.413.800.982.82
OmanMSM 123654052.8561.543.490.692.80
USNASDAQ 44000288471585665.6054.933.961.222.74
BrazilBOVESPA 43572775151363.6954.523.721.002.72
ChinaSZSE 37188263351417870.8253.843.941.252.69
SwedenSTOCKHOLM 119507244376160.6351.914.001.342.66
JapanNAGOYA 51929713757.2346.133.751.102.65
RussiaMICEX 2845179190362.9550.423.731.122.61
TaiwanGTSM 105126151316658.5151.473.570.982.59
Poland GPW 55833288167858.8951.033.941.442.50
ArgentinaBUE 28820514971.1872.682.680.202.48
Vietnam HOSE 52713046160657.7952.723.611.152.47
USOTC PINK 2427914309609059.5942.096.133.782.35
IsraelTASE 51633523201168.2457.083.300.962.34
ChinaSSE 26722189861015471.0553.483.431.112.33
PhilippinesPSE 3076170281455.3347.833.541.222.32
BangladeshDSE 43362464119356.8348.423.631.322.31
The World 66904742974723025464.2753.553.441.152.28
Greece ATHENS 114375539066.0551.663.781.562.22
South KoreaKRX 2060313182703163.9853.343.120.942.18
JapanTOKYO 54355353131928064.9754.603.150.982.17
Saudi ArabiaTADAWUL 2641167992363.5754.972.950.862.09
TaiwanTWSE 142468402448658.9853.392.800.762.05
ChileBCS 1845123476466.8861.912.450.452.01
TurkeyBIST 37725517667.6469.022.210.221.99
SpainIBEX 2222140774063.3252.592.940.971.97
KuwaitKSE 136777634356.7744.203.621.751.87
FrancePARIS 109277073394864.7355.822.620.781.84
Austria WIENERBORSE 88258232365.9955.502.620.811.81
USAMEX 56263601177364.0149.243.101.301.80
ThailandSET 76264154188054.4745.262.851.111.74
PortugalLISBON 54833616361.3148.512.791.071.73
DenmarkCOPENHAGEN 1905118160561.9951.232.761.041.72
MalaysiaBURSA 93224921228652.8646.393.101.381.72
AustraliaASX 113346902339360.9149.153.091.401.69
CanadaTSX-V 3288167464051.0338.145.563.891.66
CanadaTSX 1819111763610664.6651.912.550.931.62
UAEUAE 91451122555.9144.033.131.581.55
USNYSE 50922353591969369.4455.692.290.791.50
QatarQE 80647722659.1847.382.330.901.43
ItalyBORSA 111737528402367.3853.442.260.841.41
GermanyXETRA 130839077498869.4254.922.140.731.41
BrazilBOVESPA 29520614069.8367.961.590.271.33
NetherlandsAMSTERDAM 27481849102467.2955.381.900.601.30
MexicoBMV 2566174988768.1650.712.040.911.12
BelgiumBRUSSELS 149196846064.9247.521.970.861.11
JordanASE 96751418653.1536.193.412.321.09
SwitzerlandSIX 50663429178667.6952.091.680.681.01
RussiaMICEX 30521913071.8059.361.360.370.99
SingaporeSGX 3137165270652.6642.742.301.340.96
IndiaNSE 25816610864.3465.061.150.190.96
ChileBCS 48534423370.9367.731.140.190.95
PakistanKSE 31322211770.9352.701.140.210.92
UKLSE 47332720369.1362.081.130.220.91
Hong KongHKEX 30321413470.6362.620.990.170.82
Poland GPW 36825215168.4859.921.000.180.81
AustraliaASX 40528217369.6361.350.990.190.80
JapanTOKYO 34924215869.3465.290.960.210.76
CanadaTSX 32121913868.2263.010.940.210.73
MexicoBMV 41227415566.5056.571.030.300.73
ChinaSSE 29720111267.6855.720.860.140.72
SpainIBEX 39124813663.4354.840.940.220.71
Greece ATHENS 29019210666.2155.210.910.210.70
UAEUAE 45832819871.6260.370.910.230.69
PhilippinesPSE 31921612867.7159.260.850.170.68
PortugalLISBON 30920511066.3453.660.930.250.68
SwitzerlandSIX 29921212570.9058.960.870.210.67
South KoreaKOSDAQ 48631718965.2359.620.860.200.66
JapanFUKUOKA 139774255.4054.551.661.000.66
IndonesiaIDX 2221458465.3257.930.900.250.66
Austria WIENERBORSE 2531698866.8052.070.880.230.65
Vietnam HOSE 28320012370.6761.500.790.190.60
FOREXFOREX 50235819971.3155.590.910.320.59
ItalyBORSA 2891929966.4451.560.830.240.59
FrancePARIS 2891929966.4451.560.830.240.59
USFOREX 60141324868.7260.050.760.170.59
SwedenSTOCKHOLM 39527316469.1160.070.790.210.59
USPREFERRED 45322996141966.1147.360.970.390.58
IsraelTASE 41028315269.0253.710.780.220.56
GermanyXETRA 2761879767.7551.870.800.240.56
BelgiumBRUSSELS 31221110767.6350.710.770.230.54
BangladeshDSE 32122313469.4760.090.740.220.52
NorwayOSE 31620111663.6157.710.790.270.52
NetherlandsAMSTERDAM 31121010667.5250.480.750.230.51
TaiwanGTSM 2531769569.5753.980.710.210.50
DenmarkCOPENHAGEN 31622611971.5252.650.620.170.46
MalaysiaBURSA 27619010168.8453.160.720.290.43
ThailandSET 41627815366.8355.040.630.200.43
SingaporeSGX 37324813166.4952.820.580.190.39
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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