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
USOTCBB 4024960.0037.508.044.213.83
OmanMSM 131633851.1556.723.070.672.40
TurkeyBIST 51037125272.7567.922.660.262.40
ArgentinaBUE 43932623474.2671.782.520.202.33
RussiaMICEX 52538423673.1461.462.540.432.11
BrazilBOVESPA 48333722069.7765.281.610.371.24
JapanTOKYO 55439026070.4066.671.280.211.07
FOREXFOREX 81460333374.0855.221.430.371.06
PakistanKSE 52537920772.1954.621.290.261.03
ChileBCS 80155836769.6665.771.280.251.03
IndiaNSE 39325915565.9059.851.190.240.95
Austria WIENERBORSE 39226714468.1153.931.190.250.95
Greece ATHENS 45030116666.8955.151.170.250.92
Poland GPW 62743825769.8658.681.120.210.91
UKLSE 74552931471.0159.361.120.250.88
IndonesiaIDX 36825615769.5761.331.130.250.88
Hong KongHKEX 52137322571.5960.321.010.170.84
FrancePARIS 44630216267.7153.641.090.250.84
ItalyBORSA 44630216167.7153.311.090.250.84
MexicoBMV 60140221866.8954.231.140.350.79
AustraliaASX 63743625868.4559.171.010.220.79
ChinaSSE 49332817366.5352.740.970.180.78
South KoreaKOSDAQ 72949829468.3159.041.000.220.78
PortugalLISBON 45930716866.8854.721.030.250.78
Vietnam HOSE 45631518669.0859.051.000.230.77
SpainIBEX 58738721765.9356.070.980.220.75
SwedenSTOCKHOLM 64045025670.3156.890.960.220.74
SwitzerlandSIX 48534019870.1058.240.920.230.69
UAEUAE 74752330270.0157.740.920.250.68
DenmarkCOPENHAGEN 50535719570.6954.620.850.180.67
IsraelTASE 63443423168.4553.230.900.240.66
GermanyXETRA 42229015668.7253.790.880.230.64
PhilippinesPSE 55037721268.5556.230.810.190.62
BangladeshDSE 50635920770.9557.660.870.250.62
BelgiumBRUSSELS 48133217369.0252.110.830.230.60
USFOREX 96565337867.6757.890.790.200.59
NetherlandsAMSTERDAM 48033117268.9651.960.810.230.58
CanadaTSX 51134819168.1054.890.830.280.55
SingaporeSGX 60140421267.2252.480.730.180.55
NorwayOSE 54035720566.1157.421.060.550.51
ThailandSET 66946324869.2153.560.710.200.51
TaiwanGTSM 43830816670.3253.900.710.240.47
MalaysiaBURSA 44630616068.6152.290.730.290.44
JapanFUKUOKA 1507556.005.950.170.000.16
PortugalLISBON 57815860.212.300.120.030.10
EgyptEGX 25727564.390.300.070.000.07
The World 912384232991358663.602.340.080.020.06
JapanNAGOYA 58213755.152.180.080.030.05
USWARRANTS 9721157.300.180.040.000.04
DenmarkCOPENHAGEN 268912960.770.550.030.010.03
NorwayOSE 424311759.650.280.040.010.02
USAMEX 82868364.880.060.020.000.02
BangladeshDSE 47846456.480.150.020.000.02
PhilippinesPSE 386912754.670.330.020.010.01
SwedenSTOCKHOLM 18966191258.820.110.010.000.01
KuwaitKSE 162412559.110.520.020.010.01
PakistanKSE 49113262.470.070.010.000.01
IsraelTASE 1014414867.510.120.010.000.01
IndonesiaIDX 86704254.560.040.010.000.00
TaiwanTWSE 168519660.040.060.000.000.00
UAEUAE 10661156.750.170.000.000.00
TurkeyBIST 67662263.210.050.000.000.00
UKLSE 33161151364.860.060.000.000.00
IndiaNSE 2772811660.350.040.000.000.00
RussiaMICEX 388213661.210.250.010.010.00
NetherlandsAMSTERDAM 38913367.280.110.000.000.00
USNASDAQ 61226181164.760.030.000.000.00
ChinaSSE 48153171066.640.030.000.000.00
JapanTOKYO 6923510764.030.020.000.000.00
South KoreaKRX 243457463.000.030.000.000.00
USPREFERRED 528517764.430.210.000.000.00
GermanyXETRA 216031169.260.010.000.000.00
IndiaBSE 4193410660.220.020.000.000.00
ThailandSET 107939554.800.080.000.000.00
South KoreaKOSDAQ 308134263.380.010.000.000.00
TaiwanGTSM 128356258.330.030.000.000.00
USNYSE 6410917668.150.010.000.000.00
CanadaTSX 214367364.000.020.000.000.00
FrancePARIS 1369811463.290.050.000.000.00
Poland GPW 82723257.940.040.000.000.00
Vietnam HNX 27990056.230.000.000.000.00
USOTC PINK 214210061.270.000.000.000.00
SingaporeSGX 32640052.450.000.000.000.00
MalaysiaBURSA 123720052.180.000.000.000.00
MexicoBMV 36890065.550.000.000.000.00
Saudi ArabiaTADAWUL 39440062.220.000.000.000.00
Hong KongHKEX 346256256.210.010.000.000.00
JordanASE 11300053.010.000.000.000.00
ChileBCS 16320065.630.000.000.000.00
SwitzerlandSIX 69230066.780.000.000.000.00
ChinaSZSE 607200066.180.000.000.000.00
SpainIBEX 25740061.970.000.000.000.00
Greece ATHENS 17680065.950.000.000.000.00
Austria WIENERBORSE 8520066.780.000.000.000.00
ArgentinaBUE 25970067.850.000.000.000.00
BelgiumBRUSSELS 18720063.190.000.000.000.00
BrazilBOVESPA 92010062.280.000.000.000.00
CanadaCSE 21080051.280.000.000.000.00
CanadaTSX-V 54000051.650.000.000.000.00
AustraliaASX 158746258.440.020.000.000.00
ItalyBORSA 157489366.870.030.000.000.00
Vietnam HOSE 762610661.160.130.000.000.00
QatarQE 10362061.290.000.000.000.00
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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