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 72434414647.6542.329.104.314.79
ArgentinaBUE 90158936165.3761.295.411.024.40
IndonesiaIDX 35131945102455.3952.625.431.134.29
TurkeyBIST 34272096121161.1657.784.920.904.03
USOTCBB 4024960.0037.508.044.213.83
EgyptEGX 147896853065.4954.754.961.193.77
IndiaNSE 161289873539461.3454.524.541.243.30
PakistanKSE 3035185698261.1552.914.761.523.24
South KoreaKOSDAQ 1664010379584062.4156.234.261.083.18
IndiaBSE 2367114387730760.7850.794.711.663.05
Greece ATHENS 85156932466.8656.944.171.202.97
Vietnam HNX 144577639153.7050.394.551.632.93
PhilippinesPSE 2212125060756.5148.563.991.162.83
USNASDAQ 30951204191113366.2454.303.981.212.77
UKLSE 1787011664659965.3356.523.741.002.74
RussiaMICEX 2224135167861.2949.743.781.072.71
JapanNAGOYA 3592049756.8247.553.841.162.69
USOTC PINK 1738510358437659.7242.156.563.942.62
Vietnam HOSE 38282224121058.1054.413.691.142.56
ArgentinaBUE 26618513269.5571.352.750.202.55
TaiwanGTSM 72224221218958.4551.863.460.932.52
OmanMSM 75392252.0056.413.440.922.51
IsraelTASE 37132515144167.7357.303.410.902.51
BrazilBOVESPA 30451891100862.5352.943.581.092.49
SwedenSTOCKHOLM 88525306271359.9451.133.831.362.48
NorwayOSE 2081122663459.2051.463.681.282.40
BangladeshDSE 2992165381455.2549.243.591.222.37
Hong KongHKEX 2120611877532756.0944.784.081.712.37
USWARRANTS 73492067.1240.824.392.062.33
Poland GPW 38552234113358.2450.473.641.492.15
The World 47840430703516273764.2352.963.291.152.14
JapanTOKYO 37699249411365366.1654.743.151.012.14
ThailandSET 53432966141155.5747.523.111.002.12
Saudi ArabiaTADAWUL 1796117466065.3756.222.990.872.12
South KoreaKRX 148109394502263.5053.402.900.862.03
TurkeyBIST 35023516567.1470.212.240.212.03
USAMEX 39512561126764.8249.473.191.251.94
SpainIBEX 1576101954464.6653.392.870.951.92
ChileBCS 129287655367.8063.132.300.401.90
TaiwanTWSE 97715755297458.9051.682.620.781.84
ChinaSZSE 2818119582995569.4950.843.001.211.79
FrancePARIS 76154949281165.0656.742.490.751.74
Austria WIENERBORSE 57538221966.4357.332.560.841.71
KuwaitKSE 95356724459.5043.033.441.751.70
ChinaSSE 2038614172727069.5251.302.711.041.67
PortugalLISBON 38623410860.6246.152.761.131.63
CanadaTSX 124588113419265.1251.672.470.881.59
CanadaTSX-V 2730138052750.7338.055.473.911.56
USNYSE 35227247841386070.4255.872.320.771.55
DenmarkCOPENHAGEN 132180140660.6450.692.511.011.50
AustraliaASX 83265018241760.2848.162.931.441.49
MalaysiaBURSA 65273405153652.1745.112.871.431.44
QatarQE 56934616360.8147.112.370.931.44
ItalyBORSA 79455445289168.5353.092.330.891.43
GermanyXETRA 93746482355769.2154.822.120.741.38
UAEUAE 63332313551.0341.802.781.411.37
BrazilBOVESPA 27318512467.7767.031.620.261.35
NetherlandsAMSTERDAM 1954135675469.4055.601.920.571.35
JordanASE 72438313952.9036.293.582.291.30
JapanFUKUOKA 94533156.3858.491.980.741.25
PakistanKSE 26718811070.4158.511.270.171.10
RussiaMICEX 28320312571.7361.581.420.361.05
SwitzerlandSIX 35602392125467.1952.421.750.731.03
BelgiumBRUSSELS 105067731064.4845.791.870.890.98
MexicoBMV 1868126463167.6749.921.860.890.97
UKLSE 43330419470.2163.821.140.190.95
IndiaNSE 24415510163.5265.161.140.190.94
ChileBCS 44531721371.2467.191.060.180.88
Hong KongHKEX 28520412871.5862.751.030.170.86
Poland GPW 34023314268.5360.941.020.170.85
AustraliaASX 37025616169.1962.890.980.180.80
JapanTOKYO 32522114668.0066.060.990.200.79
SingaporeSGX 2124113049053.2043.362.241.460.78
CanadaTSX 29320013068.2665.000.950.190.76
MexicoBMV 38925614465.8156.251.050.300.76
Greece ATHENS 2681769865.6755.680.950.220.73
SpainIBEX 36122612562.6055.310.940.220.72
ChinaSSE 27618810468.1255.320.870.150.72
South KoreaKOSDAQ 44929518365.7062.030.910.190.71
SwitzerlandSIX 27118811569.3761.170.900.200.71
PortugalLISBON 28418710165.8554.010.960.260.70
Austria WIENERBORSE 2351548165.5352.600.920.230.68
UAEUAE 42930918572.0359.870.900.230.67
PhilippinesPSE 29019812068.2860.610.830.170.67
IndonesiaIDX 2081378065.8758.390.880.230.65
Vietnam HOSE 26318811571.4861.170.820.180.64
IsraelTASE 36925814269.9255.040.840.210.62
FrancePARIS 2691759065.0651.430.860.250.61
ItalyBORSA 2691759065.0651.430.860.250.61
USFOREX 56639123769.0860.610.770.170.61
FOREXFOREX 45532518471.4356.620.930.330.61
BangladeshDSE 29119911968.3859.800.790.200.60
GermanyXETRA 2561708866.4151.760.820.240.58
USPREFERRED 36182396111566.2246.540.970.390.58
SwedenSTOCKHOLM 36024714768.6159.510.770.190.57
TaiwanGTSM 2331649070.3954.880.730.200.54
NetherlandsAMSTERDAM 2871909566.2050.000.770.240.53
BelgiumBRUSSELS 2871909566.2050.000.770.240.53
NorwayOSE 29318510563.1456.760.780.260.52
DenmarkCOPENHAGEN 29320811370.9954.330.660.170.49
ThailandSET 38125013965.6255.600.670.210.46
MalaysiaBURSA 2541769569.2953.980.760.300.46
SingaporeSGX 35623812766.8553.360.580.190.39
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.

Candlesticker.com is an independent and free website and all the Services provided by Americanbulls.com LLC at Candlesticker.com are completely free of charge. Americanbulls.com LLC does not receive compensation by any direct or indirect means from the visitors and users of this website (or of any other bulls.com© family websites), and from the stocks, securities and other institutions or any underwriters or dealers associated with the broader national or international forex, commodity and stock markets.

You agree that Candlesticker.com and Americanbulls.com LLC its parent company, subsidiaries, affiliates, officers and employees shall not be liable for any direct, indirect, incidental, special or consequential damages.