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 3311677050.4541.9212.924.338.59
ArgentinaBUE 69844029463.0466.825.960.725.24
IndiaBSE 2117113055772361.6659.166.101.314.78
IndiaNSE 136178428529961.8962.875.620.924.70
PakistanKSE 27001707105663.2261.865.661.034.63
NorwayOSE 1902115166160.5257.435.721.114.60
South KoreaKOSDAQ 148579403602863.4063.995.190.804.39
IndonesiaIDX 3002167489455.7653.415.281.024.26
USOTC PINK 149838905436559.5348.937.152.894.25
Hong KongHKEX 1962411376598257.9752.585.581.334.24
EgyptEGX 141090252963.9758.655.431.204.23
ChinaSZSE 21987158611048072.1466.074.830.873.96
USOTCBB 4024960.0037.508.044.213.83
TurkeyBIST 29611823110861.8060.554.460.793.68
UKLSE 1618210540664665.1663.034.350.753.60
USNASDAQ 29838197321248366.1363.264.390.903.49
Vietnam HOSE 33001892111957.3359.144.421.003.42
ChinaSSE 1577611465747872.7265.184.180.803.38
PhilippinesPSE 1947106357554.6054.094.331.013.32
TaiwanGTSM 68553980228258.0657.344.080.793.29
BrazilBOVESPA 27801769110663.6362.524.010.743.28
SwedenSTOCKHOLM 72024331249960.2757.574.321.083.24
JapanNAGOYA 3392039359.8845.814.181.023.16
USWARRANTS 112764467.8657.894.741.643.09
USAMEX 32812000114660.9657.304.201.113.09
South KoreaKRX 127688135489863.7560.173.770.713.05
The World 43450128021816798664.5159.933.920.913.01
IsraelTASE 33162299144669.3362.903.720.782.95
OmanMSM 93503353.7666.003.460.542.92
Vietnam HNX 168292945355.2348.764.681.802.89
Poland GPW 42822484139858.0156.284.091.212.88
PortugalLISBON 39525514964.5658.433.560.762.80
JapanTOKYO 34479225801353465.4959.943.560.792.77
RussiaMICEX 1909121467763.5955.773.710.952.77
Greece ATHENS 69846126866.0558.134.101.432.66
ChileBCS 128186361467.3771.152.920.322.60
TaiwanTWSE 92475346312057.8158.363.210.632.58
SpainIBEX 144391256063.2061.403.250.682.57
Saudi ArabiaTADAWUL 1589105163866.1460.703.340.772.57
CanadaTSX-V 2383123249151.7039.855.883.412.47
BangladeshDSE 2837164388057.9153.563.491.092.40
ThailandSET 48502711133355.9049.173.270.992.28
UAEUAE 65536217455.2748.073.651.382.27
ArgentinaBUE 1991369868.3472.062.350.152.21
FrancePARIS 70264619286165.7461.942.810.622.19
Austria WIENERBORSE 51033822066.2765.092.750.582.17
DenmarkCOPENHAGEN 128379444961.8956.553.000.842.17
AustraliaASX 74974502246860.0554.823.311.162.15
CanadaTSX 125448092464264.5157.372.880.772.10
ItalyBORSA 73464971288467.7457.962.650.731.92
USNYSE 35786249821533469.8161.382.510.611.89
KuwaitKSE 91550822155.5243.503.841.951.88
QatarQE 50228815757.3754.512.440.671.77
GermanyXETRA 82205706334869.4258.682.370.641.73
NetherlandsAMSTERDAM 1705116169768.0960.032.210.491.72
MalaysiaBURSA 63433404163053.6747.883.001.291.71
TurkeyBIST 25917812068.7367.421.750.221.53
MexicoBMV 1724117967168.7456.622.190.701.50
BelgiumBRUSSELS 102366035764.5254.092.190.691.49
BrazilBOVESPA 2071509972.4666.001.770.281.49
SingaporeSGX 2386128958054.0245.002.701.221.48
RussiaMICEX 2121459768.4066.901.650.381.27
JordanASE 75139114252.0636.323.582.331.25
SwitzerlandSIX 33482245126467.0556.301.730.581.16
Hong KongHKEX 20515010573.1770.001.300.151.15
IndiaNSE 1761107362.5066.361.220.201.02
PakistanKSE 1891368671.9663.241.150.141.01
UKLSE 34024115370.8863.491.180.200.99
JapanTOKYO 24916811367.4767.261.120.210.91
FOREXFOREX 34424215870.3565.291.100.210.88
Poland GPW 26718110967.7960.221.040.180.86
CanadaTSX 2161409564.8167.860.970.130.84
MexicoBMV 28118510065.8454.051.160.320.84
IndonesiaIDX 151995965.5659.601.050.220.83
Austria WIENERBORSE 1821156163.1953.041.060.230.83
AustraliaASX 28020013071.4365.001.000.170.83
ChinaSSE 2091367465.0754.410.980.150.82
Vietnam HOSE 1801258269.4465.600.980.170.81
SwitzerlandSIX 2021438970.7962.240.980.180.80
Greece ATHENS 2051327364.3955.301.020.220.80
UAEUAE 30322013672.6161.821.010.230.79
USPREFERRED 33302218112366.6150.631.140.350.78
BangladeshDSE 2241449564.2965.970.950.180.77
PhilippinesPSE 2091519272.2560.930.950.190.77
ChileBCS 31222915273.4066.380.940.180.76
SpainIBEX 2741719262.4153.800.970.230.74
PortugalLISBON 2221437664.4153.151.000.270.73
ItalyBORSA 2091326863.1651.520.980.260.73
FrancePARIS 2091326863.1651.520.980.260.73
South KoreaKOSDAQ 35022613864.5761.060.930.210.72
SwedenSTOCKHOLM 28119312268.6863.210.820.140.68
GermanyXETRA 1981286664.6551.560.930.250.68
TaiwanGTSM 1801267170.0056.350.870.200.67
USFOREX 41529218370.3662.670.820.170.65
NetherlandsAMSTERDAM 2201437065.0048.950.860.240.62
BelgiumBRUSSELS 2201437065.0048.950.860.240.62
ThailandSET 27817510462.9559.430.790.180.61
IsraelTASE 28720111070.0354.730.810.220.58
NorwayOSE 2421468060.3354.790.840.290.55
MalaysiaBURSA 1961407771.4355.000.850.340.51
DenmarkCOPENHAGEN 2231568669.9655.130.710.200.51
JapanFUKUOKA 80442155.0047.731.340.890.45
SingaporeSGX 2711759864.5856.000.650.200.45
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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