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.
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.
Pattern Performance in Stock Exchanges since 1/1/2020
Stock Exchange 
Per Trade 
Total Net% Descending
JapanSAPPORO 23161169.5768.7510.811.009.81
USOTCBB 4024960.0037.508.044.213.83
ArgentinaBUE 45634325075.2272.892.610.192.42
OmanMSM 131633851.1556.723.070.672.40
TurkeyBIST 53138426072.3267.712.650.262.39
RussiaMICEX 54540024773.3961.752.600.422.18
PakistanKSE 54539321772.1155.221.490.261.23
BrazilBOVESPA 52436623169.8563.111.520.371.15
FOREXFOREX 85963534873.9254.801.390.381.01
ChileBCS 85159038269.3364.751.250.270.97
JapanTOKYO 60242627470.7664.321.210.240.97
IndiaNSE 41327716667.0759.931.180.250.93
Austria WIENERBORSE 41127714767.4053.
Poland GPW 66345926569.2357.731.090.220.87
Greece ATHENS 47231517166.7454.
MexicoBMV 63842523166.6154.351.190.350.84
UKLSE 77855332271.0858.
Hong KongHKEX 54539223671.9360.
IndonesiaIDX 38426816469.7961.
AustraliaASX 67346127668.5059.871.010.220.79
ItalyBORSA 46931516567.1652.381.050.270.78
FrancePARIS 46931516667.1652.701.050.270.78
ChinaSSE 51834318266.2253.060.970.200.77
South KoreaKOSDAQ 76652130668.0258.730.990.230.76
Vietnam HOSE 48833619968.8559.230.980.230.75
SwedenSTOCKHOLM 67346726669.3956.960.960.210.75
PortugalLISBON 47931917266.6053.921.000.260.74
SpainIBEX 61340222365.5855.470.960.230.73
IsraelTASE 67045924568.5153.380.950.250.70
SwitzerlandSIX 51235220468.7557.950.920.240.68
UAEUAE 79256132370.8357.580.900.240.66
DenmarkCOPENHAGEN 53037420370.5754.280.830.190.64
GermanyXETRA 44230216068.3352.980.850.240.61
CanadaTSX 53937220369.0254.570.880.270.61
USFOREX 100368339668.1057.980.810.210.60
PhilippinesPSE 58340022268.6155.500.800.210.60
BelgiumBRUSSELS 50434718168.8552.160.830.240.59
NetherlandsAMSTERDAM 50334618068.7952.020.820.240.58
BangladeshDSE 53737621270.0256.380.840.270.58
NorwayOSE 56637922166.9658.311.100.520.58
SingaporeSGX 63042321967.1451.770.730.190.53
ThailandSET 69748525769.5852.990.700.210.49
TaiwanGTSM 45531917370.1154.230.720.240.49
MalaysiaBURSA 47132516869.0051.690.740.300.44
JapanFUKUOKA 1328658.337.790.180.010.17
PortugalLISBON 47713659.332.
EgyptEGX 22637463.500.
The World 849649241161399963.602.590.090.020.07
JapanNAGOYA 49612655.
USWARRANTS 9721157.300.
USAMEX 80047465.
DenmarkCOPENHAGEN 2394131060.570.690.040.010.03
Poland GPW 758810757.720.
PhilippinesPSE 336613854.160.440.030.010.02
Austria WIENERBORSE 15658666.130.580.030.000.02
SwedenSTOCKHOLM 1749315958.710.
BangladeshDSE 40173356.680.
PakistanKSE 42503262.710.
KuwaitKSE 145411558.320.590.020.010.01
TaiwanTWSE 148138661.370.
IndonesiaIDX 86075354.
IsraelTASE 1004514867.500.
TurkeyBIST 65294462.670.
UAEUAE 9981158.620.
UKLSE 3026312864.840.
NetherlandsAMSTERDAM 36013367.700.
IndiaNSE 248258460.
South KoreaKRX 219177463.580.
Vietnam HOSE 688111760.940.
TaiwanGTSM 112335359.470.
USNASDAQ 5721516864.310.
IndiaBSE 3904711760.
USPREFERRED 528517764.430.
ChinaSSE 4452313966.
JapanTOKYO 620016463.660.
FrancePARIS 1230812563.
RussiaMICEX 363611561.
USNYSE 5903310567.
ThailandSET 97678455.
South KoreaKOSDAQ 281215263.770.
CanadaTSX 193797363.960.
NorwayOSE 40540059.470.
SingaporeSGX 27680052.380.
Vietnam HNX 25080056.780.
MalaysiaBURSA 107350052.
MexicoBMV 33040065.710.
Saudi ArabiaTADAWUL 37620061.400.
QatarQE 9234161.760.
Hong KongHKEX 301156256.540.
JordanASE 10050051.940.
ChileBCS 12740063.810.
SwitzerlandSIX 62860067.360.
ChinaSZSE 545040066.
GermanyXETRA 208660069.
SpainIBEX 22690061.
Greece ATHENS 16990064.980.
ArgentinaBUE 26410068.
BrazilBOVESPA 94450062.470.
BelgiumBRUSSELS 15810061.730.
CanadaCSE 20830049.350.
CanadaTSX-V 47110051.790.
ItalyBORSA 146845166.800.
AustraliaASX 147085157.860.
USOTC PINK 221934160.900.
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


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