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 1/1/2015
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
CanadaCSE 51624010746.5144.5812.153.828.33
ArgentinaBUE 86854736463.0266.546.090.805.29
IndiaBSE 2566515855935361.7958.985.821.324.50
IndiaNSE 1706410570664662.0062.825.420.934.49
PakistanKSE 32392022122562.4360.585.411.084.32
South KoreaKOSDAQ 1779811208713363.0263.604.990.824.17
IndonesiaIDX 36792042110155.5053.925.181.034.16
EgyptEGX 1621103661463.9159.275.151.173.98
TurkeyBIST 36812226133660.4760.024.790.823.97
USOTC PINK 1815210674511158.9947.746.893.013.88
USOTCBB 4024960.0037.508.044.213.83
Hong KongHKEX 2327513356683357.3851.165.251.443.81
ChinaSZSE 28403203011320771.4765.064.510.893.62
USNASDAQ 35251231261447465.7062.494.270.913.36
Vietnam HOSE 40892344140557.3259.944.330.993.35
NorwayOSE 2265133576559.1257.134.461.123.34
UKLSE 1941912472769864.2561.704.030.783.25
Vietnam HNX 176297649255.3950.414.961.733.23
BrazilBOVESPA 33862122131862.6762.113.990.783.21
TaiwanGTSM 82444774272857.9157.144.000.803.21
PhilippinesPSE 2349128468654.6653.434.221.023.21
SwedenSTOCKHOLM 89935414308960.2057.064.251.103.15
ChinaSSE 2032214624933071.9663.803.950.813.15
IsraelTASE 39832736170568.7462.273.730.772.96
Poland GPW 47272747155858.4356.414.121.172.94
USAMEX 36442197122560.2955.764.081.152.93
JapanNAGOYA 41623711156.9746.843.931.032.90
The World 52174833441119875364.1359.403.780.932.85
South KoreaKRX 156539953595163.5959.793.570.722.85
RussiaMICEX 2235137877362.1555.653.760.922.85
USWARRANTS 132854764.3955.294.411.582.84
ArgentinaBUE 23015911769.1373.582.940.132.81
OmanMSM 103533351.4662.263.260.572.70
JapanTOKYO 42731277561656564.9859.663.450.812.64
Saudi ArabiaTADAWUL 1973128578665.1361.173.320.702.62
PortugalLISBON 45328115662.0355.523.360.782.58
BangladeshDSE 33061916102157.9653.293.601.092.51
Greece ATHENS 86556132964.8658.653.891.392.50
SpainIBEX 1721107564262.4659.723.180.722.46
TaiwanTWSE 111486493378058.2458.223.090.652.44
ChileBCS 1518101871867.0670.532.750.332.43
Austria WIENERBORSE 62340825865.4963.242.810.652.16
TurkeyBIST 30820314365.9170.442.320.202.11
ThailandSET 58143218155055.3548.173.101.022.09
DenmarkCOPENHAGEN 151393151561.5355.322.910.872.04
UAEUAE 76542019854.9047.143.361.372.00
FrancePARIS 84255463331764.8960.672.650.661.99
CanadaTSX 145239273526263.9156.692.760.771.99
AustraliaASX 91645423292259.1953.873.151.211.94
QatarQE 59434519558.0856.522.490.611.87
ItalyBORSA 88695954342467.1357.512.590.731.86
KuwaitKSE 109061527556.4244.723.661.801.86
USNYSE 41484288731770169.6161.292.440.621.82
CanadaTSX-V 2783143154651.4938.105.363.551.82
NetherlandsAMSTERDAM 2107139684166.2660.242.150.491.65
MalaysiaBURSA 74723915184852.4047.202.981.341.64
GermanyXETRA 100436913406068.8858.692.250.641.60
MexicoBMV 2055140380068.2757.022.260.731.54
BrazilBOVESPA 23816311268.4968.711.770.261.52
BelgiumBRUSSELS 116175040864.6054.402.200.691.51
SingaporeSGX 2744144463652.6244.042.611.251.36
JordanASE 84744315852.3035.673.512.351.17
SwitzerlandSIX 40382704149866.9655.401.760.591.17
RussiaMICEX 24917811471.4964.041.480.361.12
IndiaNSE 2061288662.1467.191.230.201.03
UKLSE 39927617869.1764.491.170.180.98
Hong KongHKEX 25117711470.5264.411.140.170.97
JapanFUKUOKA 100532653.0049.061.720.770.94
PakistanKSE 2311629570.1358.641.100.170.93
JapanTOKYO 28919313166.7867.881.090.200.89
ChileBCS 38927718771.2167.511.050.180.87
MexicoBMV 33721712364.3956.681.150.290.85
AustraliaASX 31922414670.2265.180.990.160.83
Poland GPW 30921012967.9661.430.990.180.81
CanadaTSX 25617111066.8064.330.940.160.78
Greece ATHENS 2441628966.3954.940.990.220.77
SpainIBEX 33220711362.3554.590.980.220.75
PortugalLISBON 2611729265.9053.491.010.260.75
Austria WIENERBORSE 2171417364.9851.770.980.230.74
ChinaSSE 2461689368.2955.360.900.150.74
South KoreaKOSDAQ 40125916364.5962.930.930.200.73
FOREXFOREX 41629118169.9562.200.980.260.73
UAEUAE 36726715972.7559.550.940.230.71
IndonesiaIDX 1821217366.4860.330.930.230.70
PhilippinesPSE 24917610670.6860.230.880.180.70
SwitzerlandSIX 24617010469.1161.180.900.210.69
ItalyBORSA 2501618264.4050.930.920.250.66
FrancePARIS 2501618264.4050.930.920.250.66
Vietnam HOSE 2261569669.0361.540.840.180.66
IsraelTASE 33523813371.0455.880.880.220.66
GermanyXETRA 2371568065.8251.280.880.240.63
USFOREX 50034921569.8061.600.790.160.63
BangladeshDSE 26717810966.6761.240.810.180.63
SwedenSTOCKHOLM 32622113867.7962.440.800.170.62
TaiwanGTSM 2111508471.0956.000.770.190.59
NetherlandsAMSTERDAM 2621748666.4149.430.820.240.59
BelgiumBRUSSELS 2621748666.4149.430.820.240.59
NorwayOSE 2661639261.2856.440.830.270.56
DenmarkCOPENHAGEN 26218310069.8554.640.700.170.53
USPREFERRED 38162490121265.2548.670.850.340.51
ThailandSET 33821812264.5055.960.690.180.50
MalaysiaBURSA 2281598869.7455.350.790.310.48
SingaporeSGX 32321211465.6353.770.590.200.39
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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