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 111674060.3659.7018.692.4316.25
JapanSAPPORO 23161169.5768.7510.811.009.81
TurkeyBIST 54583361201261.5859.866.510.935.58
CanadaCSE 107954624850.6045.429.494.105.40
ArgentinaBUE 134287654565.2862.216.611.265.35
PakistanKSE 46142914160763.1655.155.461.424.04
IndonesiaIDX 60463308170454.7151.515.261.224.03
IndiaNSE 2605415789875060.6155.415.261.293.97
EgyptEGX 2388157788166.0455.875.151.273.87
USOTCBB 4024960.0037.508.044.213.83
Poland GPW 66453924203359.0851.785.221.483.74
IndiaBSE 36482219831131760.3351.425.361.763.61
South KoreaKOSDAQ 2615016606942263.5056.744.641.163.48
BrazilBOVESPA 53603370183062.9354.254.491.033.46
Vietnam HNX 2129117358655.1049.964.941.503.44
UKLSE 27928181841040865.1757.194.230.983.24
IsraelTASE 65634519267768.8659.244.100.923.18
USNASDAQ 50254330471836765.8055.544.461.293.17
NorwayOSE 33661993104559.2152.434.521.363.17
RussiaMICEX 33172085107162.8651.374.121.093.02
SwedenSTOCKHOLM 140288425439860.0652.204.391.402.99
The World 76407748945526496264.1154.094.161.182.98
ChinaSZSE 43862309861699170.6454.834.161.222.94
USOTC PINK 2898116944739359.3642.976.703.782.92
TaiwanGTSM 119787012364058.5451.913.860.972.89
Hong KongHKEX 3351819124883657.0746.194.661.792.87
Vietnam HOSE 62143628196858.3854.243.921.142.78
JapanNAGOYA 58432815556.1647.263.761.202.56
ArgentinaBUE 34124818172.7372.982.700.202.50
ChinaSSE 31835225681225570.8954.303.591.092.50
South KoreaKRX 2214414118761163.7653.913.460.962.49
Saudi ArabiaTADAWUL 30461986112565.2056.653.320.862.46
OmanMSM 132633850.0057.583.120.682.44
JapanTOKYO 64475411332272263.8055.243.421.012.41
MalaysiaBURSA 108225718270152.8447.243.801.422.38
PhilippinesPSE 3545194193654.7548.223.611.252.36
Austria WIENERBORSE 33723313169.1456.223.771.442.33
CanadaTSX-V 3842197580851.4340.896.063.772.29
BangladeshDSE 47552689129056.5547.973.631.342.28
TaiwanTWSE 162169635515459.4253.493.030.772.25
USAMEX 63274083213764.5352.343.411.232.18
TurkeyBIST 40227819169.1568.712.360.232.14
FrancePARIS 122687941446264.7356.192.860.802.06
AustraliaASX 133568020398560.0649.683.511.462.05
SpainIBEX 2442154580963.2752.363.000.972.04
ChileBCS 1905126277866.2561.652.460.452.01
Greece ATHENS 129684642665.2850.353.671.691.98
USNYSE 56920396152258969.6157.012.730.801.93
KuwaitKSE 147284838257.6145.053.561.641.93
ThailandSET 88954818218954.2045.413.131.211.92
UAEUAE 106460728457.0546.793.441.531.90
DenmarkCOPENHAGEN 2174132668460.9951.582.921.071.85
CanadaTSX 2047113260702264.7752.962.770.921.85
PortugalLISBON 61637317960.5547.992.831.121.71
QatarQE 93155827059.9448.392.560.961.60
ItalyBORSA 128578655464767.3253.692.420.871.55
GermanyXETRA 1548910750591969.4954.992.320.771.55
NetherlandsAMSTERDAM 31492139120667.9356.382.090.601.49
BrazilBOVESPA 35925117169.9268.131.790.311.49
MexicoBMV 30452061104167.6850.512.340.981.35
JordanASE 103154019952.3836.853.442.261.18
SwitzerlandSIX 58253945207867.7352.671.830.711.12
BelgiumBRUSSELS 1694108351363.9347.372.010.911.10
RussiaMICEX 36827315974.1858.241.440.391.05
SingaporeSGX 3510185078752.7142.542.421.371.05
USPREFERRED 51773445171166.5449.671.530.501.03
Hong KongHKEX 35425416071.7562.991.170.161.01
UKLSE 55038423569.8261.201.240.231.01
IndiaNSE 29419412265.9962.891.200.210.99
JapanTOKYO 40027518268.7566.181.170.210.96
IndonesiaIDX 25817310267.0558.961.200.250.95
PakistanKSE 37526713971.2052.061.210.260.95
ChileBCS 57440426670.3865.841.150.210.94
ChinaSSE 34723612968.0154.661.060.170.89
JapanFUKUOKA 146794454.1155.701.850.960.89
MexicoBMV 47131617467.0955.061.230.340.88
Vietnam HOSE 32622914270.2562.011.060.200.86
Greece ATHENS 33021612065.4555.561.080.220.86
Austria WIENERBORSE 28819210266.6753.131.080.220.85
AustraliaASX 46532819670.5459.761.060.210.85
Poland GPW 43029817869.3059.731.040.190.85
PortugalLISBON 34723012466.2853.911.080.250.83
South KoreaKOSDAQ 56037222566.4360.481.020.190.83
SpainIBEX 44128515864.6355.441.050.220.82
SwedenSTOCKHOLM 45631918869.9658.930.980.210.77
ItalyBORSA 32921811466.2652.291.000.240.76
FrancePARIS 32921811566.2652.751.000.240.76
GermanyXETRA 31421311367.8353.050.970.230.74
UAEUAE 52637522671.2960.270.950.240.71
SwitzerlandSIX 34624514070.8157.140.940.240.70
BelgiumBRUSSELS 35424012367.8051.250.920.230.69
NetherlandsAMSTERDAM 35323912267.7151.050.900.230.67
DenmarkCOPENHAGEN 36526114071.5153.640.830.180.65
USFOREX 69647828668.6859.830.820.180.64
CanadaTSX 37225314868.0158.500.900.260.64
SingaporeSGX 43629816068.3553.690.800.180.61
FOREXFOREX 57241722772.9054.440.920.330.59
PhilippinesPSE 38026014468.4255.380.810.220.59
BangladeshDSE 35324815070.2560.480.790.220.57
IsraelTASE 47932816868.4851.220.760.230.53
ThailandSET 47932517567.8553.850.700.200.50
TaiwanGTSM 29420611170.0753.880.700.220.48
NorwayOSE 37424314264.9758.441.090.660.43
MalaysiaBURSA 32222812170.8153.070.720.310.41
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.

Candlesticker.com is an independent and free website and all the Services provided by Americanbulls.com LLC at Candlesticker.com are completely free of charge. Americanbulls.com LLC does not receive compensation by any direct or indirect means from the visitors and users of this website (or of any other bulls.com© family websites), and from the stocks, securities and other institutions or any underwriters or dealers associated with the broader national or international forex, commodity and stock markets.

You agree that Candlesticker.com and Americanbulls.com LLC its parent company, subsidiaries, affiliates, officers and employees shall not be liable for any direct, indirect, incidental, special or consequential damages.