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 1/1/2019
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
TurkeyBIST 60303755230162.2761.287.311.036.29
Vietnam HNX 2374133873756.3655.086.931.505.43
CanadaCSE 2100105846950.3844.339.264.075.19
IndonesiaIDX 75754067212253.6952.186.221.304.92
EgyptEGX 2374153088064.4557.525.941.204.74
IndiaNSE 2514815061847759.8956.285.641.214.42
IndiaBSE 36892220871176559.8953.255.931.584.36
ArgentinaBUE 2182145886366.8259.195.541.274.27
USOTC PINK 2921916966730458.9142.437.993.854.15
Poland GPW 74194287217757.7850.785.781.674.11
USOTCBB 4024960.0037.508.044.213.83
Vietnam HOSE 68554109240959.9458.634.751.093.66
USWARRANTS 82147520357.8642.747.834.273.57
PakistanKSE 45342808149061.9353.065.101.573.54
South KoreaKOSDAQ 27682174611012263.0857.974.611.083.53
USNASDAQ 53718346201894764.5554.644.871.493.37
The World 84222653548729432963.6454.914.491.143.35
UKLSE 29287189431088564.7057.444.311.043.27
NorwayOSE 37612242114959.6151.254.551.433.12
RussiaMICEX 33282005103860.6151.464.020.933.09
SwedenSTOCKHOLM 168419878516958.9052.114.531.443.09
IsraelTASE 86055858340168.1158.033.930.933.00
MalaysiaBURSA 113285886284651.9648.354.421.442.98
TaiwanGTSM 116086753356858.1852.843.870.902.98
Austria WIENERBORSE 79752729966.1256.743.901.052.84
ChinaSZSE 53700357762013166.6256.273.791.042.75
PhilippinesPSE 3562195298354.8050.363.841.172.67
Hong KongHKEX 3224218062818256.0245.304.521.852.66
BangladeshDSE 43182428119156.2349.053.911.272.64
ThailandSET 96755316254154.9647.793.741.112.63
South KoreaKRX 2212613920770863.1155.203.470.882.58
Saudi ArabiaTADAWUL 35082205127762.8657.913.260.702.57
BrazilBOVESPA 82435061263561.6451.863.661.192.47
DenmarkCOPENHAGEN 2369144675461.0452.143.561.122.44
USAMEX 72644733255065.1753.873.591.162.43
ChinaSSE 39900267331493467.0555.823.320.892.43
SpainIBEX 2366147480762.3054.753.350.932.41
CanadaTSX-V 49892553103451.4740.265.963.552.41
OmanMSM 131633851.1556.723.070.672.40
FrancePARIS 121747675439663.0457.283.180.792.38
TurkeyBIST 47734323671.9168.802.570.242.33
TaiwanTWSE 152739167499560.0254.493.050.722.33
ChileBCS 151198961565.4562.182.820.552.26
ArgentinaBUE 41130421873.9771.712.440.192.25
AustraliaASX 149618727433058.3549.603.751.502.25
JapanTOKYO 63460403752222663.6255.053.241.002.24
Greece ATHENS 1617105954065.4950.993.611.382.23
USNYSE 53743368442124968.6257.622.960.832.13
JapanNAGOYA 55330515555.3350.653.211.112.10
KuwaitKSE 148989443060.0448.103.421.342.08
QatarQE 95157830560.7852.772.880.812.07
UAEUAE 93652324655.8847.043.221.212.01
CanadaTSX 1943512529677664.4754.082.830.881.94
PortugalLISBON 52630916058.7551.782.860.971.88
NetherlandsAMSTERDAM 33592243125566.7855.952.410.601.81
GermanyXETRA 1799712453698769.2056.102.530.731.80
RussiaMICEX 48234721071.9960.522.190.401.79
MexicoBMV 33372194114165.7552.012.971.191.78
ItalyBORSA 137759227495966.9853.742.460.781.68
FOREXFOREX 81258933072.5456.032.090.431.66
JordanASE 99352419852.7737.793.962.431.53
SwitzerlandSIX 60374001215866.2953.922.060.711.35
SingaporeSGX 3021159769252.8643.332.691.361.33
BrazilBOVESPA 45331720469.9864.351.590.371.22
BelgiumBRUSSELS 1721109556263.6351.322.040.861.18
JapanFUKUOKA 144794654.8658.232.081.001.08
JapanTOKYO 51236024270.3167.221.260.201.06
USPREFERRED 47313072146264.9347.591.560.541.02
IndiaNSE 35423214265.5461.211.200.201.00
ChileBCS 75952334568.9165.971.170.230.95
Austria WIENERBORSE 36425013568.6854.001.150.220.93
Greece ATHENS 41528015667.4755.711.140.220.92
PakistanKSE 49235218871.5453.411.160.260.91
Poland GPW 55739823671.4559.301.090.200.89
UKLSE 69249629471.6859.271.120.240.88
Hong KongHKEX 47434020471.7360.000.990.170.83
ItalyBORSA 41628415168.2753.171.050.230.82
FrancePARIS 41628415268.2753.521.050.230.82
MexicoBMV 57438720867.4253.751.140.350.79
ChinaSSE 45930415966.2352.300.960.180.78
IndonesiaIDX 33723414069.4459.831.020.240.78
PortugalLISBON 43229215967.5954.451.020.250.77
South KoreaKOSDAQ 68045827167.3559.170.970.200.76
AustraliaASX 59241324169.7658.350.990.230.76
SpainIBEX 55336920466.7355.280.970.220.75
Vietnam HOSE 41928716968.5058.890.940.220.72
SwedenSTOCKHOLM 59241423569.9356.760.920.220.70
SwitzerlandSIX 44531217970.1157.370.920.230.69
DenmarkCOPENHAGEN 46633618272.1054.170.830.170.65
GermanyXETRA 39827714869.6053.430.870.230.65
UAEUAE 69649028270.4057.550.880.250.63
IsraelTASE 59540921568.7452.570.860.240.62
BelgiumBRUSSELS 45431616469.6051.900.820.230.59
USFOREX 88960235067.7258.140.780.190.59
PhilippinesPSE 50334519268.5955.650.770.190.58
NetherlandsAMSTERDAM 45331516369.5451.750.810.230.58
CanadaTSX 47232517968.8655.080.830.270.56
SingaporeSGX 55138020068.9752.630.720.180.54
ThailandSET 61442623069.3853.990.710.190.52
BangladeshDSE 45432418771.3757.720.700.240.46
TaiwanGTSM 39527814970.3853.600.690.240.45
NorwayOSE 49231818364.6357.551.010.580.44
MalaysiaBURSA 41428414868.6052.110.680.280.40
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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