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.
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.
Pattern Performance in Stock Exchanges since 1/1/2020
Stock Exchange 
Per Trade 
Total Net% Descending
JapanSAPPORO 23161169.5768.7510.811.009.81
TurkeyBIST 78745005315463.5663.
ArgentinaBUE 33122261137569.2959.916.521.305.21
EgyptEGX 2480158594563.9159.626.321.145.18
Vietnam HNX 2787159586757.2354.366.321.504.82
IndonesiaIDX 100865494277954.4750.585.791.344.45
IndiaNSE 2798617080963261.0656.365.471.224.25
USOTC PINK 2740516152734060.4244.337.433.354.08
IndiaBSE 45525278041472761.0952.965.551.563.99
CanadaCSE 2102102243448.6242.477.833.863.98
USOTCBB 4024960.0037.508.044.213.83
Poland GPW 85144928248557.8850.435.431.673.76
Vietnam HOSE 74304547265061.2058.284.681.133.55
USNASDAQ 64043411352186564.3453.065.001.643.36
South KoreaKOSDAQ 33349212021188763.7255.944.501.213.29
PakistanKSE 46822952154263.0552.244.621.533.09
SwedenSTOCKHOLM 2055612011624858.5751.904.621.553.07
NorwayOSE 47992861143259.7849.914.551.513.04
UKLSE 34380223101254264.9456.
TaiwanGTSM 127157576400959.8252.713.840.922.92
MalaysiaBURSA 120546320298652.4347.254.421.522.90
BangladeshDSE 43072440121356.6549.714.081.272.81
ChinaSZSE 64794423652339265.3855.223.841.072.77
IsraelTASE 115167830451268.0457.583.690.992.70
CanadaTSX-V 51022639112251.7242.526.093.492.61
ChinaSSE 53447349701926465.4355.093.500.932.57
ArgentinaBUE 48336626575.7872.402.750.192.56
DenmarkCOPENHAGEN 2741165183260.2350.393.861.302.56
Hong KongHKEX 3376719084859056.5345.004.471.952.52
Austria WIENERBORSE 1727114362666.1854.773.541.052.49
SpainIBEX 2562157481461.4451.723.491.012.48
Saudi ArabiaTADAWUL 45762808157161.3655.953.220.762.47
OmanMSM 131633851.1556.723.070.672.40
TurkeyBIST 56141027973.0868.052.660.262.40
South KoreaKRX 2534716139876363.7054.283.350.962.39
PhilippinesPSE 3657196395953.6848.853.601.232.37
ThailandSET 112826162280054.6245.443.561.192.36
FrancePARIS 137658679492663.1856.643.190.872.32
UAEUAE 117668834558.6750.003.401.132.27
TaiwanTWSE 1713710525570661.4254.213.010.762.25
BrazilBOVESPA 112417104372263.2352.363.311.062.24
RussiaMICEX 59743126772.1961.952.640.432.21
USAMEX 91745949314664.8552.883.361.252.12
KuwaitKSE 160994347158.6149.953.401.302.10
Greece ATHENS 1913125663665.6650.643.511.422.09
USNYSE 66773452172536367.7256.092.940.922.03
AustraliaASX 167359696464557.9447.913.691.682.01
ChileBCS 140889352063.4258.232.690.682.01
JapanTOKYO 70596452162423664.0553.603.031.051.98
CanadaTSX 2178314021752564.3753.672.870.951.93
QatarQE 103664333762.0752.412.820.921.91
NetherlandsAMSTERDAM 41772842160068.0456.302.480.711.77
MexicoBMV 35742341120765.5051.563.101.341.76
ItalyBORSA 1683911354607667.4353.512.500.851.65
JapanNAGOYA 57832815656.7547.562.731.101.63
PortugalLISBON 54532415759.4548.462.701.081.62
GermanyXETRA 2433516928944769.5655.812.320.761.56
BelgiumBRUSSELS 1782109355761.3450.962.330.921.41
SwitzerlandSIX 71504791253567.0152.912.120.811.31
PakistanKSE 59543224272.6156.021.490.261.23
BrazilBOVESPA 56139124569.7062.661.500.371.14
JapanFUKUOKA 157915257.9657.141.940.811.12
FOREXFOREX 92268638374.4055.831.380.361.02
JordanASE 108657722053.1338.133.482.461.02
SingaporeSGX 3074161370452.4743.652.391.391.01
ChileBCS 92764441869.4764.911.250.270.98
IndiaNSE 44930317967.4859.
Hong KongHKEX 59442825572.0559.581.040.180.86
IndonesiaIDX 42229417869.6760.541.100.260.84
UKLSE 83358933470.7156.711.070.250.82
ChinaSSE 56337120165.9054.
Austria WIENERBORSE 44430015467.5751.331.090.270.81
Poland GPW 75151629468.7156.981.040.240.80
Greece ATHENS 50834017966.9352.651.060.270.79
MexicoBMV 70046325066.1454.001.140.360.78
Vietnam HOSE 52836721769.5159.
SwedenSTOCKHOLM 72049928969.3157.920.990.210.78
South KoreaKOSDAQ 82857433869.3258.890.990.230.77
AustraliaASX 73650329568.3458.650.970.230.74
ItalyBORSA 50534117467.5251.
FrancePARIS 50534117567.5251.321.010.280.73
SwitzerlandSIX 54937221767.7658.330.940.230.70
IsraelTASE 71649226268.7253.250.930.250.68
SpainIBEX 65743423566.0654.150.910.240.68
PortugalLISBON 51334417967.0652.030.950.270.67
UAEUAE 86961535070.7756.910.920.250.67
DenmarkCOPENHAGEN 56939921570.1253.880.840.190.66
USFOREX 107372842867.8558.790.830.200.63
PhilippinesPSE 63944324369.3354.850.810.200.61
CanadaTSX 57639721668.9254.410.880.270.60
SingaporeSGX 67545523667.4151.870.760.190.57
GermanyXETRA 47632716968.7051.680.820.250.57
BangladeshDSE 58641022969.9755.850.830.260.57
NorwayOSE 61941524067.0457.831.070.510.56
BelgiumBRUSSELS 54437519168.9350.930.810.250.56
NetherlandsAMSTERDAM 54337419068.8850.800.800.250.55
ThailandSET 75353428670.9253.560.730.200.53
TaiwanGTSM 48934518870.5554.490.750.240.51
MalaysiaBURSA 52336618969.9851.640.790.290.50
USWARRANTS 9721157.300.
USPREFERRED 528517764.430.
JapanTOKYO 643000.
RussiaMICEX 32430062.750.
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


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