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 1/1/2018
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
USWARRANTS 125764460.8057.8926.503.2923.21
JapanSAPPORO 23161169.5768.7510.811.009.81
CanadaCSE 129267632253.0247.0110.923.807.12
TurkeyBIST 50583133194161.9461.957.520.946.58
ArgentinaBUE 146696260065.6262.376.511.215.30
USOTC PINK 2681916007719159.7044.928.723.864.86
IndonesiaIDX 57603158166454.8352.695.761.234.54
EgyptEGX 2152143980866.8756.155.681.194.50
Poland GPW 60913597188959.0552.525.891.514.38
PakistanKSE 41762635145963.1055.375.621.384.24
IndiaNSE 2356514306801460.7156.025.411.254.16
BrazilBOVESPA 51383218176262.6954.705.031.093.94
Vietnam HNX 179297550254.4151.495.321.483.84
USOTCBB 4024960.0037.508.044.213.83
IndiaBSE 32975199521039760.5152.115.391.653.73
USNASDAQ 44820296241662766.1256.104.991.303.69
CanadaTSX-V 3906202086251.7242.677.273.713.56
South KoreaKOSDAQ 2439115462883363.4457.094.641.113.53
UKLSE 2606817125996165.7758.104.521.003.51
IsraelTASE 63754358264068.3960.554.340.883.46
NorwayOSE 3163187398959.2252.804.641.293.35
Austria WIENERBORSE 44830417767.8658.224.571.293.29
Vietnam HOSE 58733471197959.1057.024.291.083.21
RussiaMICEX 33062069107962.5852.154.140.943.19
The World 73154147186025868064.5254.814.271.143.13
SwedenSTOCKHOLM 137108138425159.5052.114.541.423.12
TaiwanGTSM 106196238328258.7452.613.840.912.93
PhilippinesPSE 3272184590956.3949.274.071.182.89
USAMEX 58793859210665.6454.573.891.142.75
MalaysiaBURSA 97875141243552.5347.364.151.442.72
SpainIBEX 2185140276064.1654.213.530.912.62
Hong KongHKEX 3012617097779056.7545.564.371.802.57
Greece ATHENS 126582844265.4553.383.941.392.56
Saudi ArabiaTADAWUL 27771824105165.6857.623.360.822.54
South KoreaKRX 2019512865703663.7654.643.400.892.51
JapanNAGOYA 51629014756.2050.693.681.172.51
ArgentinaBUE 35826419773.7474.622.690.192.50
FrancePARIS 111087215418064.9557.933.240.772.47
JapanTOKYO 57601371142066864.4355.693.491.022.46
OmanMSM 131633851.1556.723.070.672.40
ChinaSZSE 43129296241582868.6953.433.531.162.37
BangladeshDSE 41672295113055.0849.243.641.282.36
ThailandSET 82074521213955.0947.313.451.142.30
TaiwanTWSE 141528511453760.1453.313.030.752.28
AustraliaASX 125597528375659.9449.893.701.482.22
USNYSE 48835342631974070.1757.603.010.822.20
DenmarkCOPENHAGEN 1962120262661.2652.083.201.062.14
ChileBCS 1571104666066.5863.102.540.432.12
ChinaSSE 31446216381159368.8153.583.121.012.11
TurkeyBIST 41829320070.1068.262.330.232.10
CanadaTSX 1788911731626165.5853.372.960.902.06
KuwaitKSE 131879937060.6246.313.571.542.03
NetherlandsAMSTERDAM 29092028116169.7157.252.460.551.91
GermanyXETRA 1477910344581570.0456.182.580.721.86
UAEUAE 93950523053.7845.543.151.361.80
PortugalLISBON 51831114760.0447.272.851.091.76
QatarQE 86453026361.3449.622.710.981.73
ItalyBORSA 119178055436567.7454.082.570.851.72
MexicoBMV 2782186695167.0750.962.490.981.50
JordanASE 88447818454.0738.493.592.151.43
BrazilBOVESPA 38026918270.7967.661.720.311.41
SwitzerlandSIX 52093544192768.0454.372.110.701.40
SingaporeSGX 2879154768253.7344.092.601.351.25
BelgiumBRUSSELS 154397846663.3847.652.180.931.25
USPREFERRED 47203158157966.9150.001.700.521.18
JapanFUKUOKA 134754255.9756.001.970.881.09
RussiaMICEX 39528717072.6659.231.420.381.04
IndiaNSE 31020412965.8163.241.190.201.00
Hong KongHKEX 38027617172.6361.961.110.160.96
PakistanKSE 40228214870.1552.481.220.270.94
UKLSE 58441224570.5559.471.170.240.93
IndonesiaIDX 27819111268.7158.641.170.240.93
JapanTOKYO 42829919769.8665.891.130.210.92
ChileBCS 62243728270.2664.531.120.220.89
ChinaSSE 37725413767.3753.941.050.180.87
Vietnam HOSE 34624614971.1060.571.040.210.83
MexicoBMV 49233217867.4853.611.190.360.83
Greece ATHENS 35623313065.4555.791.040.230.81
Poland GPW 46633119471.0358.610.990.200.79
AustraliaASX 49934920269.9457.881.020.230.79
Austria WIENERBORSE 31220711166.3553.621.020.240.78
SpainIBEX 47530717164.6355.701.010.230.78
South KoreaKOSDAQ 59539723566.7259.190.970.200.77
PortugalLISBON 37324613365.9554.071.030.260.76
SwedenSTOCKHOLM 49334219469.3756.730.940.210.73
UAEUAE 56340124271.2360.350.940.230.71
SwitzerlandSIX 37226615471.5157.890.940.240.70
ItalyBORSA 35723612566.1152.970.940.250.69
FrancePARIS 35723612666.1153.390.940.250.69
DenmarkCOPENHAGEN 39227915171.1754.120.850.180.67
GermanyXETRA 34223112467.5453.680.910.240.67
USFOREX 73250930469.5459.720.820.180.64
BelgiumBRUSSELS 38626213567.8851.530.860.240.62
PhilippinesPSE 40728115669.0455.520.810.200.61
NetherlandsAMSTERDAM 38526113467.7951.340.850.250.60
FOREXFOREX 60544724773.8855.260.910.320.59
CanadaTSX 39927415468.6756.200.840.270.57
SingaporeSGX 46932617069.5152.150.740.180.56
IsraelTASE 50134817769.4650.860.760.240.52
BangladeshDSE 37727116171.8859.410.750.230.51
ThailandSET 51034718768.0453.890.690.200.50
TaiwanGTSM 32222912271.1253.280.680.240.44
MalaysiaBURSA 34324312970.8553.090.730.300.43
NorwayOSE 40126114765.0956.321.030.660.37
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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