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 1/1/2014
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
ArgentinaBUE 51132721163.9964.535.910.665.25
PakistanKSE 2300150392265.3561.346.101.105.00
IndiaBSE 1674410408620762.1659.646.221.314.92
NorwayOSE 159296555960.8057.756.061.164.91
IndiaNSE 108756787434362.4663.945.740.874.87
EgyptEGX 113771842263.1558.775.831.244.59
Hong KongHKEX 158569298498558.6453.615.721.314.41
ChinaSZSE 1724612602857173.0868.005.180.854.33
IndonesiaIDX 2367132072555.7754.925.250.964.29
USOTC PINK 117556956341459.3948.907.032.934.10
South KoreaKOSDAQ 120707567474162.7762.584.900.834.07
USOTCBB 4024960.0037.508.044.213.83
ChinaSSE 124419126610473.3566.894.600.783.82
UKLSE 132538633546065.1563.244.410.763.65
BrazilBOVESPA 2199142990365.3562.844.080.723.36
SwedenSTOCKHOLM 55673378192560.7956.894.401.063.35
TaiwanGTSM 56543284190358.0857.954.100.783.32
TurkeyBIST 2417151389862.6059.354.140.853.28
Vietnam HOSE 2577144581256.0756.194.291.013.28
RussiaMICEX 1579100256363.4656.194.050.923.12
IsraelTASE 26291845117970.1863.903.870.793.09
Vietnam HNX 142880338656.2348.074.881.803.08
The World 37098724063714489164.9060.173.850.882.96
JapanNAGOYA 2681647561.1945.733.800.862.95
Poland GPW 36172112118358.7055.724.111.192.92
South KoreaKRX 103206578398163.7460.523.620.722.90
USNASDAQ 31305210801283567.4060.833.670.852.82
CanadaTSX-V 172192636953.8139.856.153.352.80
JapanTOKYO 28325182951084064.5959.253.550.792.76
PhilippinesPSE 155984045354.4653.363.751.002.76
UAEUAE 51029615358.4351.344.071.332.73
Saudi ArabiaTADAWUL 123480249564.9961.723.510.792.72
PortugalLISBON 33120311561.3356.653.670.962.71
TaiwanTWSE 77054441261557.6458.883.270.632.65
OmanMSM 85432950.5967.443.050.422.63
ChileBCS 102369549867.9471.652.890.302.58
RussiaMICEX 22615411168.1472.082.900.332.57
USAMEX 31992016115163.1456.983.601.052.55
BangladeshDSE 2352139774559.4053.333.581.072.50
SpainIBEX 117972642961.5859.093.120.732.38
Greece ATHENS 54536020366.0656.393.931.582.36
ThailandSET 38942195108156.3749.253.320.972.35
CanadaCSE 154823053.2536.596.654.352.29
DenmarkCOPENHAGEN 102163635462.2955.663.140.892.25
FrancePARIS 57513761233165.4061.982.830.622.21
AustraliaASX 60563619199259.7855.033.281.122.16
CanadaTSX 103866698384464.4957.392.940.782.16
Austria WIENERBORSE 41727717866.4364.262.710.572.14
ItalyBORSA 60304051236467.1858.362.760.752.01
KuwaitKSE 71638416153.6341.934.042.061.98
USWARRANTS 87603468.9756.674.152.281.87
USNYSE 29739208441267270.1460.752.490.631.86
SingaporeSGX 2110112851953.4646.013.041.211.83
ArgentinaBUE 21414310366.8272.031.900.131.78
MalaysiaBURSA 51522784132354.0447.523.011.241.76
JordanASE 62733112452.7937.463.922.181.73
GermanyXETRA 65274478262268.8458.362.370.661.71
NetherlandsAMSTERDAM 144398359868.1260.832.170.511.67
BelgiumBRUSSELS 84153628863.7353.732.320.691.63
MexicoBMV 143399156469.3656.742.220.701.52
TurkeyBIST 25717311367.3265.321.650.241.41
QatarQE 40622711755.9151.542.050.701.35
BrazilBOVESPA 26218011868.7065.561.620.291.33
PakistanKSE 1611107268.3265.451.420.131.29
Hong KongHKEX 1751248770.8670.161.440.151.29
Poland GPW 25717611268.4863.641.400.151.25
SwitzerlandSIX 27801874106067.4156.561.750.561.19
UKLSE 29121313573.2063.381.380.221.16
Greece ATHENS 1951237063.0856.911.290.181.11
Austria WIENERBORSE 1721085762.7952.781.310.191.11
ChinaSSE 2091428767.9461.271.160.131.04
JapanTOKYO 2131449767.6167.361.230.191.03
FrancePARIS 1951236363.0851.221.250.231.02
ItalyBORSA 1951236363.0851.221.250.231.02
UAEUAE 39226916468.6260.971.150.170.98
PortugalLISBON 1951256964.1055.201.200.220.98
MexicoBMV 2701739464.0754.341.270.310.96
BangladeshDSE 1901178161.5869.231.100.150.96
SpainIBEX 2501558662.0055.481.130.190.94
CanadaTSX 2071429568.6066.901.090.180.92
IndonesiaIDX 1791217267.6059.501.090.190.90
FOREXFOREX 29421013771.4365.241.070.200.88
GermanyXETRA 1851195964.3249.581.090.230.87
IndiaNSE 2271489265.2062.161.010.160.86
ChileBCS 28320013470.6767.001.050.200.85
AustraliaASX 25618311671.4863.391.010.170.84
USPREFERRED 28281942101468.6752.211.160.330.83
PhilippinesPSE 1751318074.8661.070.980.170.82
Vietnam HOSE 1801198166.1168.071.020.200.82
South KoreaKOSDAQ 30319612264.6962.241.020.220.80
BelgiumBRUSSELS 2011316465.1748.851.000.220.78
NetherlandsAMSTERDAM 2011316465.1748.851.000.220.78
SwitzerlandSIX 2031398768.4762.590.970.190.78
USFOREX 40227116067.4159.040.890.170.72
DenmarkCOPENHAGEN 1991437971.8655.240.880.180.70
ThailandSET 2481519160.8960.260.830.170.66
NorwayOSE 2261357459.7354.810.990.330.66
SwedenSTOCKHOLM 2401609966.6761.880.790.160.63
IsraelTASE 2521709367.4654.710.820.210.61
TaiwanGTSM 1801367375.5653.680.820.210.60
SingaporeSGX 2561679765.2358.080.740.200.53
JapanFUKUOKA 64341753.1350.001.030.820.21
MalaysiaBURSA 1641227374.3959.841.161.060.11
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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