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
USWARRANTS 75483064.0062.506.061.334.73
ArgentinaBUE 117876446364.8660.605.931.304.63
CanadaCSE 88240517146.6041.618.604.454.14
USOTCBB 4024960.0037.508.044.213.83
IndiaNSE 2656316585916162.4755.205.101.283.82
TurkeyBIST 53703222182760.0056.704.670.893.78
IndiaBSE 37488229411178661.2051.385.431.763.66
IndonesiaIDX 57013151161255.2751.164.791.143.65
South KoreaKOSDAQ 2619516611952263.4157.324.571.073.50
PakistanKSE 48803071164362.9353.504.921.493.43
NorwayOSE 32451917100859.0852.584.641.343.30
EgyptEGX 2468161187565.2854.314.561.333.23
Vietnam HNX 2286126861855.4748.744.761.653.11
ChinaSZSE 43811309091732470.5556.054.101.122.98
Hong KongHKEX 3384119381907657.2746.834.631.682.95
RussiaMICEX 31231960100962.7651.483.881.142.74
UKLSE 27547177211007664.3356.863.640.952.69
USNASDAQ 50599329851802965.2154.643.861.192.66
ChinaSSE 31457222421250170.7156.203.630.972.66
JapanNAGOYA 52830314357.3947.193.791.192.60
Vietnam HOSE 57813361177758.1452.873.741.172.57
SwedenSTOCKHOLM 129307791406560.2652.183.871.322.55
TaiwanGTSM 121017094363658.6251.253.541.012.53
ArgentinaBUE 28220014670.9273.002.710.202.51
PhilippinesPSE 3417192093856.1948.853.621.182.43
Poland GPW 65293825193158.5850.483.831.422.41
South KoreaKRX 2363115096825963.8854.713.260.892.37
BrazilBOVESPA 51153254175763.6254.003.391.032.36
The World 75907348629026261064.0953.983.491.132.36
Saudi ArabiaTADAWUL 31291983112663.3756.783.100.802.30
OmanMSM 1831065357.9250.003.160.882.28
ThailandSET 87594866229655.5547.183.331.062.27
IsraelTASE 58643963224367.6056.583.220.972.25
JapanTOKYO 61091400222195665.5154.863.210.992.22
Greece ATHENS 136087744764.4950.973.751.562.19
USOTC PINK 2757916053681758.7442.085.943.772.17
BangladeshDSE 49412820137057.0748.583.381.292.09
PortugalLISBON 64639019660.3750.263.161.132.03
TurkeyBIST 37124917167.1268.672.210.231.98
TaiwanTWSE 167199788516858.5452.802.710.771.94
ChileBCS 2197146088866.4560.822.370.461.91
USAMEX 64234098202663.8049.443.171.311.86
FrancePARIS 124058063456065.0056.552.620.771.85
MalaysiaBURSA 111525924279653.1247.203.201.351.85
SpainIBEX 2453154581862.9852.942.831.001.83
DenmarkCOPENHAGEN 2163133568361.7251.162.791.021.77
QatarQE 95556928459.5849.912.700.931.77
AustraliaASX 126787663382360.4749.863.111.371.74
Austria WIENERBORSE 95163534866.7754.802.440.821.63
CanadaTSX 2148113757721164.0452.422.500.871.62
GermanyXETRA 1450310040568669.2356.632.260.731.53
USNYSE 60376414072321068.5856.052.260.751.50
ItalyBORSA 125018441460767.5254.582.330.831.50
NetherlandsAMSTERDAM 30752077117567.5456.571.990.591.40
UAEUAE 110560025454.3042.333.081.721.37
CanadaTSX-V 3574180167850.4837.585.293.941.35
BrazilBOVESPA 29320413869.6267.651.600.271.33
KuwaitKSE 159088037055.3542.053.161.841.32
BelgiumBRUSSELS 1736113354465.2648.012.070.861.21
JordanASE 115060422152.5236.593.452.271.17
MexicoBMV 2892194098867.0850.932.020.891.13
SwitzerlandSIX 60194058214767.4252.911.740.671.07
RussiaMICEX 29921712872.5858.991.370.371.00
PakistanKSE 29820911570.1355.021.190.200.99
IndiaNSE 25316110563.6465.221.170.200.97
UKLSE 46632620269.9661.961.130.220.91
ChileBCS 47433722971.1067.951.100.190.91
SingaporeSGX 3758198785652.8743.082.221.320.90
Hong KongHKEX 30221313370.5362.441.000.170.83
Poland GPW 36324715068.0460.731.000.180.83
AustraliaASX 39827517269.1062.551.010.190.83
JapanTOKYO 34623915669.0865.270.970.210.77
CanadaTSX 31221413668.5963.550.950.210.75
MexicoBMV 40827115366.4256.461.030.290.74
Greece ATHENS 28618910566.0855.560.930.210.72
ChinaSSE 29119610967.3555.610.870.150.72
PortugalLISBON 30520110965.9054.230.960.250.71
SpainIBEX 38624313362.9554.730.930.220.70
SwitzerlandSIX 29220512470.2160.490.900.200.70
PhilippinesPSE 31220912466.9959.330.860.170.69
UAEUAE 45632619671.4960.120.920.230.69
USPREFERRED 49273304155567.0647.061.070.390.68
Austria WIENERBORSE 2501668766.4052.410.900.230.67
South KoreaKOSDAQ 47731218765.4159.940.860.200.66
IndonesiaIDX 2201448365.4557.640.910.250.66
Vietnam HOSE 27919612070.2561.220.800.190.61
FrancePARIS 2851889765.9651.600.850.240.61
ItalyBORSA 2851889765.9651.600.850.240.61
FOREXFOREX 49435219771.2655.970.920.320.61
JapanFUKUOKA 131683151.9145.591.470.870.60
SwedenSTOCKHOLM 38626615968.9159.770.790.200.59
USFOREX 59841024768.5660.240.760.170.59
GermanyXETRA 2721839567.2851.910.810.230.58
IsraelTASE 39927514968.9254.180.790.220.57
NorwayOSE 31220011664.1058.000.800.260.54
BangladeshDSE 31121512769.1359.070.760.230.53
NetherlandsAMSTERDAM 30720610367.1050.000.760.230.52
BelgiumBRUSSELS 30720610367.1050.000.760.230.52
TaiwanGTSM 2501749369.6053.450.710.210.50
DenmarkCOPENHAGEN 31322312071.2553.810.640.170.47
MalaysiaBURSA 27318710068.5053.480.730.280.45
ThailandSET 40827115166.4255.720.640.200.44
SingaporeSGX 36924512966.4052.650.570.190.38
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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