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 1/1/2016
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 66332314248.8743.839.464.405.06
IndonesiaIDX 3342183795154.9751.775.421.144.28
ArgentinaBUE 87056033664.3760.005.161.064.11
TurkeyBIST 32311965112360.8257.154.910.923.99
EgyptEGX 139691149965.2654.775.051.183.87
USOTCBB 4024960.0037.508.044.213.83
IndiaNSE 151789273508161.1454.754.611.223.39
PakistanKSE 2894175792560.7152.654.741.513.22
South KoreaKOSDAQ 156929857552962.8556.064.291.093.20
IndiaBSE 2252413717697860.9050.874.771.653.12
PhilippinesPSE 2093116656755.7148.634.101.152.95
Vietnam HNX 144278139354.1650.324.551.632.92
USNASDAQ 29742197281079166.4654.594.041.212.83
JapanNAGOYA 3501969456.0047.963.971.162.81
USOTC PINK 163949766414559.8042.286.663.892.77
Greece ATHENS 81454129966.4655.273.951.252.70
UKLSE 1704511067622164.9556.203.711.022.69
Vietnam HOSE 36722137117158.2054.803.851.172.67
OmanMSM 73372150.6856.763.570.922.65
ArgentinaBUE 25618013170.3172.782.810.192.62
RussiaMICEX 2103127963561.2949.263.641.082.56
IsraelTASE 35132372135267.5257.003.470.922.55
TaiwanGTSM 68523983204758.1451.383.480.952.53
USWARRANTS 66451768.1837.784.562.022.53
NorwayOSE 1978116560858.9052.193.751.282.46
Hong KongHKEX 2026211346511756.0945.034.121.692.43
SwedenSTOCKHOLM 83655007255859.8651.093.771.362.41
BrazilBOVESPA 2916180095161.8352.753.521.122.40
BangladeshDSE 2823157077655.6149.433.561.212.35
Poland GPW 38062190109957.8349.933.751.532.21
JapanTOKYO 35761237021304866.2855.053.201.002.20
The World 45619529287015523264.2352.973.311.152.16
SpainIBEX 148896152264.5854.322.980.882.10
ThailandSET 50672800131955.2647.113.070.992.08
Saudi ArabiaTADAWUL 1742114563365.7355.282.940.892.05
TurkeyBIST 33622715767.5669.162.260.212.04
South KoreaKRX 138458805471763.6753.512.900.872.03
USAMEX 38292476122464.6649.433.201.241.95
ChinaSZSE 2673118685960769.9051.423.071.201.87
ChileBCS 126185752967.9661.732.270.411.86
TaiwanTWSE 92995449280758.6051.512.650.791.86
Austria WIENERBORSE 53335820467.1756.982.610.841.77
PortugalLISBON 37022510560.8146.672.841.091.75
FrancePARIS 72154684264364.9256.432.490.761.72
ChinaSSE 1927813486700069.9651.912.751.041.71
CanadaTSX-V 2739139653750.9738.475.473.901.58
CanadaTSX 119137765401565.1851.712.460.891.57
KuwaitKSE 92354122658.6141.773.361.791.57
USNYSE 34077239041331270.1555.692.310.781.53
DenmarkCOPENHAGEN 122974337260.4650.072.541.041.51
AustraliaASX 79444777230060.1548.142.901.461.44
MalaysiaBURSA 63123283147452.0144.902.851.431.42
ItalyBORSA 75095136269268.4052.412.290.911.38
BrazilBOVESPA 26618412469.1767.391.640.261.38
QatarQE 53532515260.7546.772.240.911.33
GermanyXETRA 88136082330269.0754.252.070.741.33
NetherlandsAMSTERDAM 1826126668869.3354.341.880.591.29
UAEUAE 62031412950.6541.082.721.431.29
JapanFUKUOKA 89492855.0657.141.880.671.20
RussiaMICEX 26719412072.6661.861.460.371.09
JordanASE 69936912952.7934.963.382.351.03
MexicoBMV 1776119859867.4549.921.880.890.99
BelgiumBRUSSELS 99263629364.1146.071.890.920.98
PakistanKSE 26218510770.6157.841.140.170.97
IndiaNSE 23615010063.5666.671.170.200.97
SwitzerlandSIX 33392241116067.1251.761.700.730.96
UKLSE 42329518869.7463.731.130.190.94
Hong KongHKEX 27219312170.9662.691.080.170.91
ChileBCS 43430820870.9767.531.080.180.90
AustraliaASX 34724215669.7464.461.020.170.86
Poland GPW 33222713868.3760.790.980.170.81
JapanTOKYO 32121814567.9166.511.000.200.79
MexicoBMV 37224213565.0555.791.040.300.74
ChinaSSE 26918210167.6655.490.890.160.73
SpainIBEX 35522212262.5454.950.950.230.73
CanadaTSX 28519512568.4264.100.920.190.73
South KoreaKOSDAQ 43628617865.6062.240.930.200.73
Greece ATHENS 2621729565.6555.230.950.220.73
SingaporeSGX 2057109546653.2342.562.171.460.71
SwitzerlandSIX 26518511369.8161.080.910.200.71
PortugalLISBON 2781839865.8353.550.960.260.70
Austria WIENERBORSE 2301517965.6552.320.930.240.70
IndonesiaIDX 2021338065.8460.150.910.230.68
PhilippinesPSE 27719211869.3161.460.850.170.68
UAEUAE 41029517871.9560.340.910.230.67
Vietnam HOSE 25818211170.5460.990.820.180.64
FrancePARIS 2641728865.1551.160.880.260.62
ItalyBORSA 2641728865.1551.160.880.260.62
IsraelTASE 36225513970.4454.510.840.220.62
BangladeshDSE 27818811367.6360.110.810.200.62
USFOREX 54037222468.8960.220.780.170.60
FOREXFOREX 44932018071.2756.250.930.330.60
GermanyXETRA 2511678666.5351.500.840.250.59
USPREFERRED 34892318107066.4446.160.970.390.58
SwedenSTOCKHOLM 34724014469.1660.000.770.190.58
TaiwanGTSM 2251598970.6755.970.750.190.56
NetherlandsAMSTERDAM 2821879366.3149.730.780.240.54
BelgiumBRUSSELS 2821879366.3149.730.780.240.54
NorwayOSE 28518110263.5156.350.800.270.52
DenmarkCOPENHAGEN 28720311070.7354.190.670.180.50
MalaysiaBURSA 2471719269.2353.800.760.300.46
ThailandSET 37224513765.8655.920.670.200.46
SingaporeSGX 34422912366.5753.710.590.190.40
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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