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 57527211647.4842.4910.054.475.58
IndonesiaIDX 3001166487955.4552.825.601.104.50
ArgentinaBUE 79249930264.3959.225.371.034.35
EgyptEGX 129885948566.1856.465.321.134.19
TurkeyBIST 29631805104260.9257.734.980.914.08
USOTCBB 4024960.0037.508.044.213.83
PakistanKSE 2665164189461.5854.484.891.423.47
IndiaNSE 140718607471361.2254.714.551.223.33
South KoreaKOSDAQ 146369215519363.0056.324.311.063.25
Vietnam HNX 137774738054.2550.874.731.643.09
IndiaBSE 2119612951657361.1150.754.731.653.08
PhilippinesPSE 1922106651155.4647.944.191.193.01
USNASDAQ 27377182561009466.8155.194.061.182.88
USOTC PINK 149108880379359.8842.486.683.912.77
JapanNAGOYA 3231858857.2847.573.961.192.77
IsraelTASE 32452202125367.8656.903.630.912.72
ArgentinaBUE 23716511869.6271.522.870.172.70
UKLSE 1586210291575764.9655.873.711.012.70
Greece ATHENS 74148627265.5955.973.961.292.67
Vietnam HOSE 33921975107758.2354.533.851.182.67
RussiaMICEX 1957118659261.2249.423.691.092.60
BangladeshDSE 2584145273856.1950.833.721.132.59
TaiwanGTSM 63363694191058.3051.713.500.932.57
BrazilBOVESPA 2649164488062.0653.533.621.122.50
Hong KongHKEX 1867310565481756.5845.594.081.672.41
SwedenSTOCKHOLM 76774579232659.6550.803.791.382.41
NorwayOSE 1847107955458.5351.253.721.332.39
Poland GPW 35722059103157.9249.833.821.532.29
JapanTOKYO 33202221071232166.6055.723.260.992.27
USAMEX 2772169981761.2948.093.731.512.22
SpainIBEX 136288848965.2055.073.090.882.21
Saudi ArabiaTADAWUL 1579104558666.1856.083.040.872.17
The World 42306627215914453364.3753.073.301.142.16
ThailandSET 47642651125655.6547.383.130.992.14
OmanMSM 69341949.2855.882.820.742.09
TurkeyBIST 32321614966.8768.982.260.222.05
South KoreaKRX 127258132435763.9153.582.890.852.04
PortugalLISBON 3352059761.1947.323.031.022.01
ChileBCS 118380950368.3962.182.330.401.93
TaiwanTWSE 85565028262158.7752.132.680.791.90
CanadaTSX-V 2563131350351.2738.285.593.891.70
FrancePARIS 66884366244665.3056.012.460.771.68
Austria WIENERBORSE 47631617666.3955.702.500.851.65
CanadaTSX 110067172370765.2451.632.510.891.62
KuwaitKSE 86650521558.3142.573.391.771.62
USNYSE 31596223101245570.6355.812.360.771.60
ChinaSZSE 2473717274875969.8350.712.781.201.59
ChinaSSE 1784512467636369.8651.042.521.051.47
DenmarkCOPENHAGEN 116371036061.0550.702.491.031.47
MalaysiaBURSA 58263033137352.0645.272.861.411.44
ItalyBORSA 70304786249868.0852.192.330.901.43
BrazilBOVESPA 25417511668.9066.291.680.261.42
QatarQE 48729113959.7547.772.210.871.35
GermanyXETRA 81295609304069.0554.162.090.751.34
AustraliaASX 73984414210759.6847.722.831.491.33
NetherlandsAMSTERDAM 1683116062768.9254.051.910.601.31
UAEUAE 59530412351.0940.462.551.401.14
RussiaMICEX 25918811972.5963.301.490.371.13
IndiaNSE 2191389563.0168.841.250.191.06
JapanFUKUOKA 81422251.8552.381.790.741.05
JordanASE 65134412152.8435.173.412.381.03
MexicoBMV 1649112055267.9249.291.890.900.99
SwitzerlandSIX 31472111108567.0851.401.710.730.98
UKLSE 41028318169.0263.961.140.190.95
Hong KongHKEX 26218512170.6165.411.110.160.95
PakistanKSE 2411719870.9557.311.070.180.89
ChileBCS 41028919770.4968.171.070.180.89
AustraliaASX 32923315370.8265.671.050.170.88
JapanTOKYO 30020313767.6767.491.050.210.84
Poland GPW 32122013568.5461.361.000.170.82
BelgiumBRUSSELS 92058926964.0245.671.730.930.80
MexicoBMV 35022712664.8655.511.100.300.79
CanadaTSX 27018211867.4164.840.960.170.79
SingaporeSGX 1952104844753.6942.652.211.450.76
SpainIBEX 34321511862.6854.880.980.230.75
Greece ATHENS 2531669165.6154.820.960.230.73
SwitzerlandSIX 25817911169.3862.010.940.210.73
South KoreaKOSDAQ 41827517065.7961.820.930.200.73
ChinaSSE 2611789968.2055.620.880.160.72
PortugalLISBON 2691769465.4353.410.980.270.72
IndonesiaIDX 1911267665.9760.320.930.220.71
UAEUAE 38728117272.6161.210.940.230.70
Austria WIENERBORSE 2231457565.0251.720.950.250.70
Vietnam HOSE 24217110670.6661.990.850.180.68
PhilippinesPSE 25918411171.0460.330.850.180.67
IsraelTASE 34724513870.6156.330.870.210.65
BangladeshDSE 27318511367.7761.080.820.180.64
SwedenSTOCKHOLM 33222514067.7762.220.810.170.64
USPREFERRED 33242199101366.1646.071.050.410.64
ItalyBORSA 2561658464.4550.910.900.270.63
FrancePARIS 2561658464.4550.910.900.270.63
USFOREX 52036122169.4261.220.790.170.62
GermanyXETRA 2431608265.8451.250.860.260.60
TaiwanGTSM 2171548870.9757.140.780.180.60
NetherlandsAMSTERDAM 2711788865.6849.440.800.250.56
BelgiumBRUSSELS 2711788865.6849.440.800.250.56
NorwayOSE 2721689561.7656.550.820.270.55
DenmarkCOPENHAGEN 27419010469.3454.740.710.170.53
FOREXFOREX 43130717171.2355.700.820.330.49
ThailandSET 35422812764.4155.700.680.200.48
MalaysiaBURSA 2371658969.6253.940.780.300.47
SingaporeSGX 33321811865.4754.130.610.200.41
USWARRANTS 54351164.8131.432.662.310.34
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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