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
JapanSAPPORO 23161169.5768.7510.811.009.81
CanadaCSE 157782638352.6346.1410.313.986.32
TurkeyBIST 58173644221362.7360.657.081.006.08
USWARRANTS 34121110762.1750.478.852.995.86
ArgentinaBUE 1754115772166.8861.476.201.145.06
EgyptEGX 2355156988366.6256.286.071.224.86
IndonesiaIDX 65683565188154.2852.766.041.244.80
USOTC PINK 2950117459777659.4844.328.463.854.61
IndiaNSE 2501915219860660.8756.515.621.234.39
PakistanKSE 45472861159062.9255.575.611.364.24
Poland GPW 68113995208558.8052.065.661.514.15
Vietnam HNX 2094114860354.8252.535.491.404.09
IndiaBSE 35524216161145660.8652.995.661.614.05
USOTCBB 4024960.0037.508.044.213.83
South KoreaKOSDAQ 2637716797966063.7257.474.691.083.60
USNASDAQ 49295326371820166.3155.684.921.333.58
UKLSE 28387187351093466.0758.304.441.003.44
SwedenSTOCKHOLM 149968952474959.7952.974.761.403.36
Vietnam HOSE 63603788217559.5657.424.411.073.35
IsraelTASE 71794922295668.8459.814.110.853.25
Austria WIENERBORSE 57439723269.1658.444.160.973.19
BrazilBOVESPA 63433945215062.9053.884.271.083.19
NorwayOSE 34902072108759.4052.444.491.333.17
RussiaMICEX 37352320120762.8451.434.050.923.12
The World 79353651278228156064.6754.864.251.143.12
CanadaTSX-V 4447229996951.7242.136.763.673.09
TaiwanGTSM 115046785359058.9852.913.850.912.95
PhilippinesPSE 3565199999556.0749.774.091.172.92
MalaysiaBURSA 109315755273152.6547.454.241.442.80
ThailandSET 91095081246055.7848.423.851.112.74
Hong KongHKEX 3175518028825656.7745.804.461.792.68
BangladeshDSE 44942511127055.8750.583.901.232.67
USAMEX 65704355241566.4855.293.771.112.66
SpainIBEX 2346150181363.9854.163.560.912.65
South KoreaKRX 2175113921768264.0055.183.500.872.63
Saudi ArabiaTADAWUL 30392004115765.9457.733.380.792.58
Greece ATHENS 141493649666.2052.993.881.362.52
KuwaitKSE 141386841361.4347.583.921.472.46
ArgentinaBUE 37327420373.4674.092.630.182.45
ChinaSZSE 48342332201778068.7253.523.591.152.44
FrancePARIS 118817701444064.8257.653.190.772.41
TaiwanTWSE 152789267500260.6653.983.160.752.41
OmanMSM 131633851.1556.723.070.672.40
JapanTOKYO 61824398472203764.4555.303.411.022.39
JapanNAGOYA 56331816056.4850.313.561.182.38
DenmarkCOPENHAGEN 2104129167361.3652.133.341.062.29
ChinaSSE 35353242421301868.5753.703.191.002.19
AustraliaASX 138708248411259.6349.723.671.492.18
USNYSE 52341368492126170.4557.662.970.812.16
TurkeyBIST 43630821170.6468.512.330.222.11
ChileBCS 1647109268466.3062.642.510.442.07
CanadaTSX 1886912448666366.0053.502.950.892.06
JordanASE 94350820353.8739.963.972.051.92
GermanyXETRA 1600611322639470.8056.422.590.711.87
PortugalLISBON 54332815860.4148.172.921.071.85
UAEUAE 100555125254.8345.743.191.351.84
NetherlandsAMSTERDAM 31082164123069.6356.842.350.551.80
MexicoBMV 31372091107766.6651.512.771.011.76
ItalyBORSA 128498754473768.1354.112.540.831.71
QatarQE 95258629161.5549.662.650.951.69
FOREXFOREX 70851828773.1655.411.870.391.48
SwitzerlandSIX 56933884210068.3353.982.100.711.39
BrazilBOVESPA 39928519071.4366.671.710.341.36
SingaporeSGX 3048165774554.3644.962.681.381.30
BelgiumBRUSSELS 1664106451963.9448.782.150.911.24
USPREFERRED 44833013152167.2150.481.760.531.23
JapanFUKUOKA 131723854.9652.782.110.931.18
RussiaMICEX 42431118973.3560.771.410.381.03
IndiaNSE 32120813164.8062.981.190.201.00
PakistanKSE 43330416370.2153.621.190.260.93
JapanTOKYO 44731520970.4766.351.130.200.92
Hong KongHKEX 41129418071.5361.221.070.160.91
ChileBCS 65545529369.4764.401.140.230.91
IndonesiaIDX 29420512069.7358.541.110.240.87
UKLSE 61843925971.0459.001.120.250.87
ChinaSSE 40727414267.3251.820.990.180.81
MexicoBMV 51634618667.0553.761.160.360.81
Vietnam HOSE 36525915670.9660.231.020.210.80
Poland GPW 50135421170.6659.601.000.200.80
Greece ATHENS 37224713666.4055.061.000.220.78
South KoreaKOSDAQ 62441224566.0359.470.960.200.76
Austria WIENERBORSE 32622011667.4852.730.990.230.76
PortugalLISBON 38926013966.8453.461.010.250.75
SpainIBEX 49932717865.5354.430.980.230.75
AustraliaASX 52637221270.7256.990.980.230.74
SwedenSTOCKHOLM 52436220869.0857.460.940.210.73
UAEUAE 60042125070.1759.380.920.230.69
FrancePARIS 37325013267.0252.800.910.240.67
ItalyBORSA 37325013167.0252.400.910.240.67
SwitzerlandSIX 39828316171.1156.890.900.240.66
DenmarkCOPENHAGEN 40929415971.8854.080.830.170.66
GermanyXETRA 35824513068.4453.060.890.230.65
USFOREX 78553631968.2859.510.820.180.64
BelgiumBRUSSELS 40527714268.4051.260.840.230.61
NetherlandsAMSTERDAM 40427614168.3251.090.830.240.59
PhilippinesPSE 42829916469.8654.850.780.200.58
SingaporeSGX 49634318369.1553.350.750.180.57
CanadaTSX 42028716168.3356.100.830.290.55
IsraelTASE 52135818268.7150.840.770.250.52
ThailandSET 53636720168.4754.770.700.190.51
BangladeshDSE 39928816672.1857.640.730.250.48
MalaysiaBURSA 36225513670.4453.330.720.290.43
NorwayOSE 42827715764.7256.681.040.630.41
TaiwanGTSM 35124913170.9452.610.650.260.39
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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