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
JapanSAPPORO 23161169.5768.7510.811.009.81
USWARRANTS 81492860.4957.1410.221.888.35
CanadaCSE 100749621849.3543.869.464.085.38
ArgentinaBUE 120478048264.7861.796.431.275.16
TurkeyBIST 51633164187161.2859.135.990.935.07
IndonesiaIDX 55763065158054.9751.555.141.213.93
IndiaNSE 2470914958825560.5455.195.181.303.88
USOTCBB 4024960.0037.508.044.213.83
PakistanKSE 43592736149562.7754.645.251.453.81
EgyptEGX 2267148782365.5955.354.881.303.58
IndiaBSE 34501208291070860.3751.415.341.773.57
Vietnam HNX 2088114656554.8949.304.931.533.40
South KoreaKOSDAQ 2493815810892263.5356.324.541.173.37
Poland GPW 60683579185658.9851.864.681.443.24
UKLSE 2639617101977364.9656.994.080.993.08
USNASDAQ 47775313351735965.5955.404.321.283.04
BrazilBOVESPA 49093113170163.4154.644.061.033.03
IsraelTASE 60264096237667.9758.013.970.973.00
NorwayOSE 3150187196859.4051.744.391.393.00
OmanMSM 128664151.5662.123.610.682.92
RussiaMICEX 31171974102663.3351.983.981.092.89
ChinaSZSE 41388293081602470.8154.674.101.232.86
Hong KongHKEX 3203718209838356.8945.994.631.792.85
TaiwanGTSM 113126616344658.4952.093.800.982.83
SwedenSTOCKHOLM 129797816405960.2251.934.221.412.81
Vietnam HOSE 58923411181457.8953.183.841.172.67
USOTC PINK 2574515189654259.6542.606.463.822.64
The World 72071446146924875264.0753.873.681.192.49
ChinaSSE 29982213411160971.1854.403.551.092.46
JapanNAGOYA 57032214956.4946.273.621.212.41
ArgentinaBUE 33023717071.8271.732.610.212.40
JapanTOKYO 61288391662166463.9055.313.411.022.39
South KoreaKRX 2225914217762763.8753.653.280.962.32
PhilippinesPSE 3315180386654.3948.033.521.232.30
BangladeshDSE 45622580122956.6947.533.561.352.21
TaiwanTWSE 153719093487759.1653.632.980.782.21
CanadaTSX-V 3524180772351.2840.015.993.802.19
Saudi ArabiaTADAWUL 28601845101364.5154.912.980.892.08
ChileBCS 1866124577466.7262.172.520.452.08
USAMEX 60443880199364.2051.373.331.292.04
FrancePARIS 118207646428764.6956.072.830.802.03
Greece ATHENS 129884442865.0250.713.701.692.02
TurkeyBIST 39527118568.6168.272.240.232.01
Austria WIENERBORSE 99865736965.8356.162.920.922.00
SpainIBEX 2334148677763.6752.292.970.971.99
MalaysiaBURSA 101845367251652.7046.883.421.431.99
ThailandSET 83624544207454.3445.643.141.201.94
KuwaitKSE 140680836557.4745.173.561.651.91
AustraliaASX 124657481370760.0249.553.351.451.90
USNYSE 54549378882140469.4656.492.640.821.82
PortugalLISBON 58235617261.1748.312.931.121.81
CanadaTSX 1951612573660164.4252.502.740.941.80
UAEUAE 100256625956.4945.763.361.591.78
DenmarkCOPENHAGEN 2031124964061.5051.242.811.071.74
ItalyBORSA 120728140440567.4354.122.450.861.59
GermanyXETRA 1436810031554969.8155.322.340.761.57
BrazilBOVESPA 34024216871.1869.421.840.271.57
NetherlandsAMSTERDAM 29902009113167.1956.302.120.601.52
QatarQE 88852625059.2347.532.480.981.50
MexicoBMV 2837192396767.7850.292.270.971.30
BelgiumBRUSSELS 1610103849664.4747.782.040.901.14
SingaporeSGX 3339176075752.7143.012.481.351.12
PakistanKSE 34624613571.1054.881.320.201.11
SwitzerlandSIX 55013725196167.7152.641.800.701.10
RussiaMICEX 34425415173.8459.451.480.391.09
JordanASE 98351418452.2935.803.442.351.09
IndiaNSE 28218611665.9662.371.220.201.02
USPREFERRED 47563142154466.0649.141.480.471.01
UKLSE 52336622769.9862.021.190.220.98
MexicoBMV 44129917067.8056.861.260.300.96
ChileBCS 54738925971.1266.581.150.210.94
Hong KongHKEX 33924015070.8062.501.080.160.92
AustraliaASX 43831319171.4661.021.100.200.89
Poland GPW 40428017069.3160.711.070.190.89
IndonesiaIDX 2441619265.9857.141.120.250.86
JapanTOKYO 37725717168.1766.541.030.200.83
NorwayOSE 34522413164.9358.481.070.250.81
JapanFUKUOKA 125663552.8053.031.821.050.77
SwedenSTOCKHOLM 43330218169.7559.930.940.210.74
Greece ATHENS 31320711766.1356.520.930.200.73
ChinaSSE 32622312368.4055.160.870.140.73
SpainIBEX 42327215164.3055.510.940.220.72
UAEUAE 50436121671.6359.830.950.240.71
South KoreaKOSDAQ 53035221266.4260.230.900.200.70
SwitzerlandSIX 32823013570.1258.700.920.230.70
PortugalLISBON 33322212166.6754.500.940.250.69
Austria WIENERBORSE 2741849967.1553.800.910.220.69
PhilippinesPSE 35624313968.2657.200.840.180.65
Vietnam HOSE 31121713369.7761.290.830.190.64
USFOREX 66345526968.6359.120.810.170.64
FOREXFOREX 54439221972.0655.870.940.320.62
ItalyBORSA 31421011266.8853.330.850.230.61
FrancePARIS 31421011266.8853.330.850.230.61
CanadaTSX 35424514669.2159.590.860.250.61
GermanyXETRA 30120511068.1153.660.810.220.59
BangladeshDSE 34224014770.1861.250.790.210.58
BelgiumBRUSSELS 34123212068.0451.720.780.220.55
IsraelTASE 45931716469.0651.740.780.230.55
NetherlandsAMSTERDAM 34023111967.9451.520.760.230.53
SingaporeSGX 41528215067.9553.190.690.180.51
TaiwanGTSM 28219510769.1554.870.720.210.51
DenmarkCOPENHAGEN 35325213671.3953.970.700.190.51
ThailandSET 46130916967.0354.690.680.190.49
MalaysiaBURSA 30921611769.9054.170.740.300.44
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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