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 1/1/2015
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 4302068847.9142.7212.304.048.25
ArgentinaBUE 79750834163.7467.136.150.795.36
IndiaBSE 2398714749866061.5058.715.921.344.58
IndiaNSE 157209667602861.4962.365.490.944.55
PakistanKSE 30301923117263.4760.955.441.074.37
South KoreaKOSDAQ 1652810361663762.7464.015.060.804.26
IndonesiaIDX 34021894101155.6753.385.161.034.13
USOTC PINK 1702210092489359.4348.377.062.954.11
Hong KongHKEX 2202912638651657.3751.565.351.413.94
EgyptEGX 152497156763.7158.395.101.213.89
USOTCBB 4024960.0037.508.044.213.83
TurkeyBIST 34192094126461.2560.364.530.803.73
ChinaSZSE 26163187071217471.5065.084.500.883.61
NorwayOSE 2122127973860.4657.524.581.093.49
USNASDAQ 33082219501387866.4263.164.340.883.46
UKLSE 1799811671733164.8562.814.140.743.39
Vietnam HOSE 37532168129657.7759.784.340.983.37
SwedenSTOCKHOLM 82234958284760.2957.424.291.063.24
TaiwanGTSM 76614423253057.7357.204.020.793.23
USWARRANTS 124814765.3258.024.631.513.12
IsraelTASE 37322584163369.2463.203.870.753.11
BrazilBOVESPA 32402023124762.4461.643.880.783.10
ChinaSSE 1870813482859472.0763.743.890.803.08
PhilippinesPSE 2204119363654.1353.314.011.022.99
Poland GPW 45022613148758.3756.584.131.182.95
South KoreaKRX 144989182553163.3360.243.630.712.92
The World 48845131425218771164.3559.723.810.912.90
JapanNAGOYA 38922910658.8746.293.881.012.86
Vietnam HNX 179299048355.2548.794.681.842.84
RussiaMICEX 2107131773362.5555.613.770.952.82
ArgentinaBUE 21515211170.7073.032.900.142.76
JapanTOKYO 39401256871546065.1960.193.510.792.73
OmanMSM 99533353.5462.263.260.552.72
PortugalLISBON 44428315963.7456.183.430.772.66
Greece ATHENS 79151029764.4858.243.981.402.57
USAMEX 42252662149063.0155.973.520.982.54
SpainIBEX 1595101261363.4560.573.210.672.53
TaiwanTWSE 103486005350658.0358.383.140.632.51
ChileBCS 141794766566.8370.222.810.342.48
Saudi ArabiaTADAWUL 1815118270965.1259.983.200.752.46
BangladeshDSE 3129181495857.9752.813.551.112.45
ThailandSET 54073015148255.7649.153.221.002.22
Austria WIENERBORSE 57438124366.3863.782.770.622.15
DenmarkCOPENHAGEN 142387849061.7055.812.990.852.15
TurkeyBIST 28520114270.5370.652.330.202.13
UAEUAE 71539418755.1047.463.491.382.11
AustraliaASX 84095030274959.8254.653.291.182.11
FrancePARIS 79185173316665.3361.202.690.632.07
CanadaTSX-V 2593134852352.0238.775.513.462.05
CanadaTSX 137178792503364.1557.202.810.762.05
KuwaitKSE 101857225256.1944.063.761.851.91
USNYSE 39471276791712370.1261.862.470.601.87
ItalyBORSA 82715603323167.7457.672.560.721.83
QatarQE 55832418158.0655.862.450.641.81
NetherlandsAMSTERDAM 1957130979066.8960.352.190.491.70
MalaysiaBURSA 70013721177153.1547.593.011.311.69
GermanyXETRA 93046423380069.0359.162.290.621.67
MexicoBMV 1956134376968.6657.262.230.691.54
BrazilBOVESPA 21615510471.7667.101.780.271.51
BelgiumBRUSSELS 109570638464.4754.392.180.701.47
SingaporeSGX 2597137660852.9844.192.651.271.38
SwitzerlandSIX 37642521140066.9855.531.750.571.18
RussiaMICEX 23316710871.6764.671.540.371.17
JordanASE 80342015352.3036.433.492.401.09
Hong KongHKEX 22916611272.4967.471.200.161.04
IndiaNSE 1911208162.8367.501.210.181.03
UKLSE 37125616369.0063.671.200.191.00
PakistanKSE 2111488970.1460.141.090.160.93
Poland GPW 28419011766.9061.581.050.180.87
JapanTOKYO 27017811865.9366.291.070.210.85
JapanFUKUOKA 95512553.6849.021.630.800.82
ChinaSSE 2291548767.2556.490.960.140.82
AustraliaASX 29220613470.5565.050.990.170.82
CanadaTSX 23415110364.5368.210.950.140.81
Austria WIENERBORSE 1971236662.4453.661.030.220.81
ChileBCS 35125617272.9367.190.990.180.81
MexicoBMV 31119810863.6754.551.120.310.81
FOREXFOREX 37926216669.1363.361.030.240.79
Greece ATHENS 2221428063.9656.340.990.200.78
IndonesiaIDX 1651106566.6759.090.980.240.75
SpainIBEX 30318510261.0655.140.960.220.74
USPREFERRED 36032404120866.7250.251.060.330.73
UAEUAE 33924715172.8661.130.960.230.73
PortugalLISBON 2391538364.0254.250.990.250.73
Vietnam HOSE 2051449470.2465.280.900.170.73
FrancePARIS 2291427562.0152.820.960.240.73
ItalyBORSA 2291427562.0152.820.960.240.73
PhilippinesPSE 23016710372.6161.680.900.180.72
South KoreaKOSDAQ 37624315064.6361.730.930.210.72
SwitzerlandSIX 2251569569.3360.900.900.190.71
GermanyXETRA 2171387363.5952.900.910.230.68
BangladeshDSE 24916310365.4663.190.860.180.68
SwedenSTOCKHOLM 30520713167.8763.290.820.170.65
USFOREX 46032720671.0963.000.800.170.63
NetherlandsAMSTERDAM 2411557864.3250.320.850.230.62
BelgiumBRUSSELS 2411557864.3250.320.850.230.62
TaiwanGTSM 1941387771.1355.800.800.190.62
NorwayOSE 2551588961.9656.330.820.280.54
ThailandSET 30719611163.8456.630.720.190.53
IsraelTASE 31221911770.1953.420.760.230.53
DenmarkCOPENHAGEN 2371658969.6253.940.700.190.51
MalaysiaBURSA 2161538470.8354.900.800.310.49
SingaporeSGX 29619410865.5455.670.610.210.40
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.