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 63343947242962.3161.547.291.016.27
Vietnam HNX 2602148582857.0755.766.711.515.20
EgyptEGX 2440157191364.4758.046.081.184.90
IndonesiaIDX 80784386228054.3851.906.191.304.89
CanadaCSE 2142109447851.1243.658.864.114.75
ArgentinaBUE 2329155893768.1859.015.871.234.64
IndiaNSE 2631115817892760.1256.445.551.224.33
IndiaBSE 38857232971243060.0353.295.851.584.28
USOTC PINK 3246918662803458.7142.158.104.034.07
Poland GPW 77744515229758.2250.755.661.634.03
USOTCBB 4024960.0037.508.044.213.83
USWARRANTS 94454223058.2641.828.294.493.80
Vietnam HOSE 71274336255360.8458.884.701.103.60
USNASDAQ 56646368222040565.0955.345.041.493.55
South KoreaKOSDAQ 28953183861066463.5757.944.551.083.47
PakistanKSE 47402961156462.4752.825.011.563.44
The World 88323756268031031963.7955.084.491.153.34
UKLSE 30778199341146764.7757.524.241.053.19
SwedenSTOCKHOLM 1781810496550258.9152.424.561.443.12
NorwayOSE 39802378121459.7551.054.561.473.08
TaiwanGTSM 121407096376458.4553.043.870.892.98
MalaysiaBURSA 118216141294651.9547.974.361.452.91
IsraelTASE 93676389371468.4057.973.830.932.90
ChinaSZSE 56770380282152966.9956.613.861.022.85
RussiaMICEX 36592210112760.8950.583.861.042.82
Austria WIENERBORSE 82254430866.1856.623.831.092.74
Hong KongHKEX 3295918521843556.1945.544.521.842.68
ThailandSET 100875550265655.0247.863.791.122.67
PhilippinesPSE 37012033103154.9350.713.811.162.65
BangladeshDSE 45872591127656.4949.253.881.242.64
Saudi ArabiaTADAWUL 36702310133962.9457.973.270.702.57
South KoreaKRX 2320914696814563.3255.423.430.892.54
ChinaSSE 42125283011581767.2355.853.370.882.49
DenmarkCOPENHAGEN 2490152179561.0852.273.611.132.48
BrazilBOVESPA 89785543291162.2652.083.611.162.45
TurkeyBIST 49035524472.4568.732.680.242.45
SpainIBEX 2447151482961.8754.763.350.942.41
USAMEX 76775017274865.3554.773.551.142.40
OmanMSM 131633851.1556.723.070.672.40
FrancePARIS 128498089464962.9557.473.170.792.38
CanadaTSX-V 51712656107551.6040.295.953.572.37
ChileBCS 1572102463665.1462.112.890.562.33
TaiwanTWSE 160059642526560.2454.603.050.722.32
ArgentinaBUE 42731622774.0071.842.470.192.28
AustraliaASX 156549164456058.5749.733.791.532.26
JapanTOKYO 66074421682325463.8455.133.230.992.24
USNYSE 56393387892261668.7858.313.030.832.20
Greece ATHENS 1700111456765.5350.903.571.412.16
RussiaMICEX 51137323172.9961.932.570.422.15
QatarQE 99060832461.4153.292.900.802.10
CanadaTSX 2042313131718164.3054.692.890.882.00
UAEUAE 98255326556.3147.923.201.202.00
KuwaitKSE 159094845359.6247.783.301.361.94
JapanNAGOYA 55930815455.1050.003.031.101.93
PortugalLISBON 54733017160.3351.822.890.971.92
MexicoBMV 34682282118565.8051.933.031.211.82
NetherlandsAMSTERDAM 36202413135466.6656.112.420.611.80
GermanyXETRA 1955913428761168.6956.652.530.731.79
ItalyBORSA 145619731524666.8353.912.470.801.67
SwitzerlandSIX 64004243228166.3053.762.060.721.34
JordanASE 105056121253.4337.793.772.431.34
SingaporeSGX 3087163770253.0342.882.651.391.26
BrazilBOVESPA 46332221069.5565.221.620.371.25
BelgiumBRUSSELS 1777113258063.7051.242.070.851.22
USPREFERRED 50453298162665.3749.301.670.531.14
FOREXFOREX 77657031473.4555.091.450.381.07
JapanTOKYO 52737124970.4067.121.270.211.06
JapanFUKUOKA 145804655.1757.502.051.001.05
IndiaNSE 37324514965.6860.821.220.211.01
Austria WIENERBORSE 38025714167.6354.861.230.231.00
ChileBCS 77853735169.0265.361.230.250.98
Greece ATHENS 43428816266.3656.251.200.230.98
PakistanKSE 50236019271.7153.331.230.260.97
Poland GPW 59642024770.4758.811.100.200.90
FrancePARIS 43229115867.3654.301.120.230.89
ItalyBORSA 43229115767.3653.951.120.230.89
UKLSE 72051330271.2558.871.100.250.85
Hong KongHKEX 50236121971.9160.660.990.160.83
South KoreaKOSDAQ 70448028668.1859.581.000.210.79
IndonesiaIDX 35524615069.3060.981.040.250.79
PortugalLISBON 44829816466.5255.031.040.260.79
ChinaSSE 47531516566.3252.380.970.180.78
MexicoBMV 58639421167.2453.551.120.350.78
Vietnam HOSE 44330418268.6259.870.990.220.76
SpainIBEX 57537921365.9156.200.990.220.76
AustraliaASX 61542725069.4358.550.990.230.76
SwedenSTOCKHOLM 61143324770.8757.040.940.220.72
SwitzerlandSIX 46232218469.7057.140.930.240.69
DenmarkCOPENHAGEN 48834518870.7054.490.860.180.69
GermanyXETRA 41128215268.6153.900.890.230.66
IsraelTASE 61642122368.3452.970.900.240.66
UAEUAE 72651029770.2558.240.900.250.65
PhilippinesPSE 52636420569.2056.320.790.180.61
BelgiumBRUSSELS 46832216968.8052.480.840.230.61
NetherlandsAMSTERDAM 46732116868.7452.340.830.230.60
USFOREX 92862736467.5658.050.780.200.58
BangladeshDSE 47934320071.6158.310.820.240.58
CanadaTSX 48933418468.3055.090.810.260.55
SingaporeSGX 58139220567.4752.300.710.170.54
ThailandSET 64044524069.5353.930.710.190.51
NorwayOSE 51833719265.0656.971.030.560.47
TaiwanGTSM 41829616070.8154.050.690.240.45
MalaysiaBURSA 43229515568.2952.540.720.280.43
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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