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
USWARRANTS 117734362.3958.9017.852.4115.44
JapanSAPPORO 23161169.5768.7510.811.009.81
TurkeyBIST 48773024187162.0161.877.400.946.46
CanadaCSE 118261729052.7146.559.373.845.52
ArgentinaBUE 138590957365.6363.046.621.225.40
IndonesiaIDX 55013009157854.7052.445.741.224.52
EgyptEGX 2089140078667.0256.145.551.204.35
Poland GPW 58793466182258.9952.545.741.504.24
PakistanKSE 40922579142263.0355.145.621.404.23
IndiaNSE 2298713916779560.6155.955.411.264.15
BrazilBOVESPA 49203078168563.0354.345.081.074.01
USOTC PINK 2571415140674959.7043.967.663.813.85
USOTCBB 4024960.0037.508.044.213.83
IndiaBSE 32050193741008660.5751.955.361.663.70
Vietnam HNX 177796649554.3651.245.081.463.61
USNASDAQ 43669289531623566.3556.034.881.303.58
South KoreaKOSDAQ 2378415086862063.4357.144.631.123.52
IsraelTASE 61324205255668.7460.644.390.873.52
UKLSE 2511516479957765.8757.904.480.993.49
CanadaTSX-V 3713191480751.5842.147.123.713.41
NorwayOSE 3038178994658.9252.854.631.273.35
RussiaMICEX 32001995103962.3452.084.190.973.22
Vietnam HOSE 56743371190159.4156.394.261.093.17
The World 71232845947325150164.5854.674.191.133.06
SwedenSTOCKHOLM 130477777406559.7652.144.451.413.03
Austria WIENERBORSE 41528316268.1957.244.261.342.92
TaiwanGTSM 103576072317958.6352.363.820.912.91
PhilippinesPSE 3174178787756.3049.084.061.172.88
MalaysiaBURSA 95545014236752.4847.214.091.442.65
Greece ATHENS 122780242965.3653.494.031.412.62
USAMEX 56903736204665.6654.763.751.152.60
SpainIBEX 2131136874364.2054.313.490.922.57
Saudi ArabiaTADAWUL 26801772102466.1257.793.340.822.53
ArgentinaBUE 35325919173.3773.752.700.192.51
JapanNAGOYA 50628214255.7350.353.671.202.47
South KoreaKRX 1980112579686463.6454.473.360.892.47
FrancePARIS 107557014407065.3157.943.230.772.46
JapanTOKYO 56363362842016064.3855.563.481.032.45
Hong KongHKEX 2945116608748456.4645.014.221.792.43
OmanMSM 131633851.1556.723.070.672.40
BangladeshDSE 40662260111755.5849.423.671.282.39
ChinaSZSE 42073289241534368.7653.043.471.162.32
TaiwanTWSE 138878338441460.0452.943.000.762.24
ThailandSET 79984409207255.1346.993.391.152.24
AustraliaASX 122207312365359.8549.953.671.462.21
USNYSE 47857336291944070.2957.793.000.812.19
TurkeyBIST 41528819869.4068.752.350.232.13
ChinaSSE 30722211351126268.7953.293.081.012.07
DenmarkCOPENHAGEN 1908116460461.0151.893.131.082.04
ChileBCS 1555103965366.8262.852.450.432.02
CanadaTSX 1740111441610565.7553.362.870.891.98
KuwaitKSE 126476835560.7646.223.461.541.92
UAEUAE 91048822453.6345.903.191.341.84
NetherlandsAMSTERDAM 28311986113670.1557.202.400.561.84
GermanyXETRA 139479771545770.2755.682.570.741.83
PortugalLISBON 50630614360.4746.732.851.101.75
ItalyBORSA 115527812422767.9153.882.500.831.67
QatarQE 83751325661.2949.902.630.971.66
MexicoBMV 2695181792067.5350.552.420.991.43
BrazilBOVESPA 37326217770.2467.561.740.321.42
SwitzerlandSIX 50383425186667.9854.482.110.701.41
JordanASE 85445717653.5138.513.512.161.36
BelgiumBRUSSELS 150095745963.8047.962.170.921.25
SingaporeSGX 2833152467353.7944.162.611.361.25
USPREFERRED 46533146156667.6149.781.670.521.16
RussiaMICEX 38528316873.5159.361.430.381.05
JapanFUKUOKA 132724254.5558.331.880.831.04
IndiaNSE 30620112765.6963.181.190.201.00
Hong KongHKEX 36926816872.6362.691.140.160.98
UKLSE 57240224470.2860.701.200.240.96
PakistanKSE 39728014870.5352.861.230.270.96
IndonesiaIDX 27218711168.7559.361.190.240.95
JapanTOKYO 42029119269.2965.981.140.210.93
ChileBCS 60742327669.6965.251.140.230.90
ChinaSSE 37025013567.5754.001.060.180.88
Vietnam HOSE 34224314971.0561.321.050.200.85
Poland GPW 45732319370.6859.751.020.200.82
MexicoBMV 48933117767.6953.471.180.360.82
Greece ATHENS 34923012765.9055.221.040.230.80
AustraliaASX 49334119869.1758.061.030.230.80
Austria WIENERBORSE 30620510966.9953.171.040.240.80
South KoreaKOSDAQ 58138623166.4459.840.990.200.79
SpainIBEX 46830416864.9655.261.020.240.78
PortugalLISBON 36724413166.4953.691.050.270.77
SwedenSTOCKHOLM 48133419069.4456.890.960.210.75
UAEUAE 55139423971.5160.660.960.240.72
FrancePARIS 34923312366.7652.790.960.250.71
ItalyBORSA 34923312266.7652.360.960.250.71
SwitzerlandSIX 36526115071.5157.470.930.240.69
GermanyXETRA 33422812168.2653.070.930.250.69
DenmarkCOPENHAGEN 38427614971.8853.990.860.180.68
USFOREX 72049830069.1760.240.820.180.64
BelgiumBRUSSELS 37725813268.4451.160.880.240.64
NetherlandsAMSTERDAM 37625713168.3550.970.870.250.62
PhilippinesPSE 40227815469.1555.400.820.210.62
FOREXFOREX 60044124473.5055.330.910.320.59
CanadaTSX 39026315167.4457.410.870.280.59
SingaporeSGX 45931516668.6352.700.770.180.58
BangladeshDSE 36926415771.5459.470.770.230.53
ThailandSET 50033918467.8054.280.710.190.52
IsraelTASE 49834517269.2849.860.740.240.50
TaiwanGTSM 31021811770.3253.670.710.240.47
MalaysiaBURSA 33823812770.4153.360.750.300.45
NorwayOSE 39625414464.1456.691.050.670.38
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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