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 1/1/2017
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
USWARRANTS 127754759.0662.6722.282.2919.99
JapanSAPPORO 23161169.5768.7510.811.009.81
TurkeyBIST 55783435204961.5859.656.580.975.61
CanadaCSE 113258226951.4146.229.493.975.53
ArgentinaBUE 141894258866.5062.356.481.265.23
IndonesiaIDX 61383381175355.0851.855.291.224.07
IndiaNSE 2647716074892960.7555.515.311.294.03
EgyptEGX 2444161390666.0056.175.241.273.98
PakistanKSE 46952968162463.2254.725.391.423.97
USOTCBB 4024960.0037.508.044.213.83
Poland GPW 68324037209059.1251.755.251.493.75
IndiaBSE 37164224731160860.5951.555.391.743.65
BrazilBOVESPA 55533498189863.1654.124.601.043.56
South KoreaKOSDAQ 2673617032972063.7057.074.681.153.53
Vietnam HNX 2147118759655.2950.214.921.483.44
NorwayOSE 34732053109259.1153.194.701.323.38
UKLSE 28673186791073765.3857.274.310.983.33
USNASDAQ 50846335941879966.1055.934.601.293.31
IsraelTASE 67434652277169.0259.544.150.923.23
RussiaMICEX 34192155111463.0351.694.121.083.04
The World 79908951434028011064.4354.404.151.162.98
SwedenSTOCKHOLM 145688733456659.9552.284.401.412.98
USOTC PINK 2941217256754059.4843.106.763.782.98
ChinaSZSE 45255317821738870.2454.704.141.222.92
Hong KongHKEX 3391119350898357.1346.374.681.782.91
TaiwanGTSM 122337180373858.6952.063.860.962.90
Vietnam HOSE 63533720203658.5654.733.961.132.84
Austria WIENERBORSE 38026715370.2657.304.121.332.79
JapanNAGOYA 60033616356.0048.513.781.172.61
Saudi ArabiaTADAWUL 31242035116265.1457.103.410.852.56
South KoreaKRX 2269414447782863.7754.093.500.952.54
ChinaSSE 32755231221257170.5954.373.581.082.50
PhilippinesPSE 3588197495755.0248.483.721.242.48
MalaysiaBURSA 110725870279153.0247.553.891.412.48
ArgentinaBUE 35025719073.4373.932.660.192.47
JapanTOKYO 65907420272320863.7755.223.421.022.40
OmanMSM 131633851.1556.723.070.672.40
CanadaTSX-V 3983205683951.6440.796.143.772.37
SpainIBEX 2490157883663.3752.983.300.972.33
FrancePARIS 125958184465365.0556.793.100.792.31
TaiwanTWSE 165249849529359.6053.743.050.772.28
USAMEX 65124200221664.5052.763.481.222.26
BangladeshDSE 48622746131556.4847.893.571.352.22
Greece ATHENS 131886544165.6350.983.871.672.21
TurkeyBIST 40628219569.4669.152.390.222.17
AustraliaASX 136908207410159.9649.963.611.452.15
USNYSE 57413401002294369.8657.202.810.802.01
ChileBCS 1914126978266.3061.622.450.452.00
ThailandSET 90654949227154.6445.853.191.201.99
UAEUAE 108061629157.0447.243.461.531.93
KuwaitKSE 147184238157.2445.253.561.631.92
DenmarkCOPENHAGEN 2247137171061.0151.792.991.061.92
CanadaTSX 2064613433712565.0653.042.800.931.87
PortugalLISBON 62337918560.8348.812.921.111.82
GermanyXETRA 1592911102612069.8255.032.470.771.69
ItalyBORSA 131918868479467.5153.832.500.851.65
NetherlandsAMSTERDAM 32392210124868.2356.472.230.601.64
QatarQE 95457027559.7548.252.560.961.61
MexicoBMV 31052100105967.6350.432.420.981.44
BrazilBOVESPA 37025917470.0067.181.750.321.42
BelgiumBRUSSELS 1732111053664.0948.292.220.891.33
SwitzerlandSIX 59054000212567.7453.131.950.701.25
SingaporeSGX 3542187180152.8242.812.471.371.10
USPREFERRED 51683448172466.7250.001.580.501.08
RussiaMICEX 38027916673.4259.501.430.381.05
IndiaNSE 30119712465.4562.941.200.201.00
Hong KongHKEX 36126216572.5862.981.150.160.99
UKLSE 56439423969.8660.661.210.230.98
JapanTOKYO 41328218668.2865.961.150.210.94
PakistanKSE 38927414470.4452.551.200.270.93
IndonesiaIDX 26718010567.4258.331.160.240.92
ChileBCS 59041227169.8365.781.130.220.91
JordanASE 100552819852.5437.503.082.210.87
ChinaSSE 36124313267.3154.321.050.180.87
Greece ATHENS 33922112365.1955.661.070.230.84
MexicoBMV 48332717767.7054.131.190.350.84
Austria WIENERBORSE 29719710566.3353.301.070.230.83
Poland GPW 44631018469.5159.351.030.190.83
Vietnam HOSE 33323714471.1760.761.030.200.83
JapanFUKUOKA 139723751.8051.391.851.030.82
AustraliaASX 48433619669.4258.331.040.220.81
PortugalLISBON 35823612765.9253.811.070.260.81
South KoreaKOSDAQ 57138022866.5560.001.000.200.80
SpainIBEX 45529416264.6255.101.030.230.80
SwedenSTOCKHOLM 47132818869.6457.320.960.210.75
ItalyBORSA 33922411866.0852.680.990.250.74
FrancePARIS 33922411966.0853.130.990.250.74
GermanyXETRA 32421911767.5953.420.960.240.72
UAEUAE 53538223171.4060.470.940.240.70
BelgiumBRUSSELS 36624812867.7651.610.910.230.67
SwitzerlandSIX 35425114370.9056.970.920.250.67
NetherlandsAMSTERDAM 36524712767.6751.420.890.230.66
DenmarkCOPENHAGEN 37326714371.5853.560.830.180.65
USFOREX 70648929369.2659.920.820.180.64
CanadaTSX 37825714967.9957.980.890.260.62
SingaporeSGX 45030816468.4453.250.780.180.59
FOREXFOREX 58642723472.8754.800.910.330.59
PhilippinesPSE 39427115068.7855.350.780.210.57
BangladeshDSE 36525915470.9659.460.780.240.54
IsraelTASE 48633217068.3151.200.760.240.52
ThailandSET 49033317867.9653.450.690.200.50
TaiwanGTSM 30221211670.2054.720.720.230.49
MalaysiaBURSA 32923212470.5253.450.730.310.42
NorwayOSE 38024614364.7458.131.090.670.42
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.