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 170587940151.5545.6210.214.066.15
TurkeyBIST 61333814231862.5660.416.951.005.95
ArgentinaBUE 1949130181166.8562.246.151.155.01
EgyptEGX 2499165492966.1956.176.221.234.99
IndonesiaIDX 70753837201754.2352.576.191.254.95
Vietnam HNX 2308130672356.5955.366.271.334.94
USWARRANTS 50830415059.8449.347.632.934.70
USOTC PINK 3224618846829759.2443.448.474.024.46
IndiaNSE 2599215807893360.8456.495.571.214.36
PakistanKSE 48273028166262.7354.895.491.404.09
IndiaBSE 37465227631205660.7852.945.661.594.07
Poland GPW 72874281221658.9051.635.521.543.98
USOTCBB 4024960.0037.508.044.213.83
Vietnam HOSE 67094039236560.2058.554.691.033.66
South KoreaKOSDAQ 28151178171028263.3857.634.701.083.62
USNASDAQ 52318346191922366.2655.454.861.353.51
UKLSE 29836196751142766.0158.024.391.003.39
SwedenSTOCKHOLM 161719657510259.7952.774.721.413.31
IsraelTASE 77035322320769.1260.244.100.863.25
NorwayOSE 36452180114459.8452.454.481.343.14
Austria WIENERBORSE 66144926467.9358.804.070.953.12
The World 83766254036329594364.5854.714.231.153.08
RussiaMICEX 41112498129562.5450.373.980.903.08
PhilippinesPSE 37092074103755.9250.004.111.152.96
CanadaTSX-V 46972455104252.2742.446.613.662.95
TaiwanGTSM 122297174379258.6652.863.850.912.93
BrazilBOVESPA 71134438236762.5553.203.981.132.84
ThailandSET 96675427264256.1448.683.931.102.83
MalaysiaBURSA 116726124291852.4747.654.201.412.79
BangladeshDSE 47022629133655.9150.823.971.222.76
Hong KongHKEX 3330018913867756.8045.884.511.782.73
USAMEX 69694627256166.5155.253.731.122.61
South KoreaKRX 2308514671808563.5555.113.470.882.59
SpainIBEX 2433154783563.5853.983.480.932.56
Saudi ArabiaTADAWUL 32532119121265.1457.203.300.802.50
ChinaSZSE 51416352601881168.5853.353.591.152.44
OmanMSM 131633851.1556.723.070.672.40
KuwaitKSE 148090643061.2247.463.851.452.40
JapanTOKYO 64719417822304364.5655.153.391.022.37
TaiwanTWSE 162509780528560.1854.043.110.752.37
ArgentinaBUE 38728620673.9072.032.540.192.35
FrancePARIS 125038074463064.5857.343.130.782.35
DenmarkCOPENHAGEN 2269140573161.9252.033.381.082.30
JapanNAGOYA 60633717055.7850.303.441.172.27
Greece ATHENS 152399952066.3851.433.651.382.27
ChinaSSE 37839259611398868.6153.883.240.992.25
AustraliaASX 147318778438759.6049.973.741.502.23
USNYSE 54810386422224970.5257.562.950.812.14
TurkeyBIST 44831721870.7668.772.320.232.09
ChileBCS 1705112169865.7562.272.550.462.09
CanadaTSX 1986213126701666.1253.432.920.892.03
UAEUAE 103056926355.2446.223.341.332.02
JordanASE 105756821953.7438.564.032.101.93
PortugalLISBON 55033516360.9148.662.951.031.92
GermanyXETRA 1720212102676670.3955.882.520.721.80
NetherlandsAMSTERDAM 33012280128469.4056.052.310.571.74
QatarQE 99561530361.8149.272.660.931.73
FOREXFOREX 74254630573.5855.862.130.401.73
MexicoBMV 33242223114966.8851.692.741.021.72
ItalyBORSA 136119284498568.2153.692.490.831.66
SwitzerlandSIX 60684118223168.1353.972.100.701.40
BrazilBOVESPA 41329319570.9466.551.670.341.33
JapanFUKUOKA 142784154.9352.562.190.901.29
SingaporeSGX 3193172777854.0945.052.641.351.29
USPREFERRED 45353035150866.9249.691.750.531.21
BelgiumBRUSSELS 1755111954463.7648.612.100.901.19
RussiaMICEX 43331818773.4458.811.360.390.97
IndiaNSE 33421813565.2761.931.150.200.95
PakistanKSE 45532317470.9953.871.160.260.91
ChileBCS 68147430969.6065.191.130.230.91
JapanTOKYO 46833322071.1566.071.120.210.91
Hong KongHKEX 43331218772.0659.941.030.170.86
UKLSE 63645126670.9158.981.100.250.86
IndonesiaIDX 31021812870.3258.721.050.250.80
Poland GPW 51536521670.8759.181.000.200.79
MexicoBMV 53635719266.6053.781.140.350.79
ChinaSSE 42328414667.1451.410.970.180.79
Vietnam HOSE 38226815970.1659.330.990.220.77
AustraliaASX 55238522469.7558.180.980.230.75
South KoreaKOSDAQ 64042725366.7259.250.940.200.74
Greece ATHENS 38525914167.2754.440.970.230.73
SpainIBEX 51734118365.9653.670.940.230.71
Austria WIENERBORSE 33823212168.6452.160.940.240.71
PortugalLISBON 40527414567.6552.920.970.270.70
SwedenSTOCKHOLM 54137621469.5056.910.910.210.70
SwitzerlandSIX 41329316770.9457.000.900.230.67
UAEUAE 63044425870.4858.110.890.240.65
DenmarkCOPENHAGEN 42430716672.4154.070.820.180.64
ItalyBORSA 38626313668.1351.710.870.250.63
FrancePARIS 38626313768.1352.090.870.250.63
USFOREX 81355432568.1458.660.810.190.62
GermanyXETRA 37125813569.5452.330.850.240.61
PhilippinesPSE 45831517568.7855.560.760.200.57
BelgiumBRUSSELS 42029214969.5251.030.800.240.57
NetherlandsAMSTERDAM 41929114869.4550.860.790.240.55
SingaporeSGX 50735218669.4352.840.730.180.54
CanadaTSX 43630016468.8154.670.820.290.54
ThailandSET 55938320668.5253.790.700.190.51
IsraelTASE 54237218768.6350.270.750.260.50
BangladeshDSE 41730217672.4258.280.720.250.48
MalaysiaBURSA 38226814270.1652.990.700.280.41
NorwayOSE 44128616064.8555.941.010.620.40
TaiwanGTSM 36225713570.9952.530.650.260.39
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.

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.