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.
This is a confirmed Bullish Engulfing pattern. The first two candlesticks are exactly the same as the Bullish Engulfing pattern and the third day represents its confirmation.
Recognition Criteria
1. The market is characterized by a prevailing downtrend.
2. We see a Bullish Engulfing pattern in the first two days.
3. Then, we see a white candlestick on the third day with a higher close than the second day.
Pattern Requirements and Flexibility
A Bullish Engulfing pattern should be identified with all previously set rules. The third day should be a white day with a higher close.
Trader’s Behavior
The first two days of the Bullish Three Outside Up is simply a Bullish Engulfing Pattern, and the third day confirms that the downtrend is damaged as suggested by this pattern, since it is a white candlestick closing with a new high for the last three days. However, for a bullish reversal, there is still a need for a further confirmation.
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.
Pattern Performance in Stock Exchanges since 1/1/2020
Stock Exchange 
Per Trade 
Total Net% Descending
OmanMSM 139769.2377.786.000.445.56
TurkeyBIST 31231674.1969.572.430.132.30
ArgentinaBUE 35261874.2969.231.540.081.46
RussiaMICEX 92673472.8350.751.630.421.21
IndiaNSE 39301676.9253.331.270.171.10
BrazilBOVESPA 34301888.2460.001.400.401.00
MexicoBMV 40281570.0053.571.180.210.96
AustraliaASX 41281568.2953.571.000.110.89
Poland GPW 71573780.2864.910.980.110.88
NorwayOSE 54331561.1145.451.030.270.76
ChileBCS 63412665.0863.410.850.170.68
PakistanKSE 61482578.6952.080.880.230.65
JapanTOKYO 56362564.2969.440.970.330.64
IsraelTASE 59452476.2753.330.820.200.62
TaiwanGTSM 34251273.5348.000.840.240.60
ThailandSET 62432269.3551.160.740.190.56
Greece ATHENS 47361976.6052.780.750.190.56
PortugalLISBON 48361875.0050.000.780.220.56
UKLSE 60502883.3356.000.760.220.54
Vietnam HOSE 56412073.2148.780.710.200.51
NetherlandsAMSTERDAM 50392078.0051.280.670.180.49
BangladeshDSE 38291076.3234.480.720.280.45
Austria WIENERBORSE 45341675.5647.060.680.240.44
ItalyBORSA 50391978.0048.720.640.210.44
GermanyXETRA 49391979.5948.720.640.210.44
FrancePARIS 50391978.0048.720.640.210.44
SpainIBEX 55391970.9148.720.640.230.41
FOREXFOREX 78542769.2350.000.690.280.41
CanadaTSX 53302256.6073.330.670.270.40
BelgiumBRUSSELS 49381977.5550.000.550.180.37
PhilippinesPSE 67442265.6750.000.640.270.36
ChinaSSE 55401972.7347.500.530.180.35
USFOREX 89623069.6648.390.480.150.34
UAEUAE 75552573.3345.450.510.200.31
DenmarkCOPENHAGEN 60482580.0052.080.520.230.29
Hong KongHKEX 73612583.5640.980.480.250.23
MalaysiaBURSA 51361570.5941.670.560.330.22
SingaporeSGX 80593073.7550.850.360.140.22
RussiaMICEX 1792265.361.710.200.000.20
South KoreaKOSDAQ 64482475.0050.000.460.330.13
The World 289942112113366.445.880.160.040.12
DenmarkCOPENHAGEN 541174.072.500.110.000.11
IndonesiaIDX 39251364.1052.000.560.480.08
KuwaitKSE 831168.671.750.030.000.03
SwedenSTOCKHOLM 60452275.0048.890.290.270.02
TaiwanTWSE 5431166.670.
IndiaNSE 4782260.880.690.010.000.01
USNASDAQ 16531168.
JapanTOKYO 21021167.
Poland GPW 3340062.870.
PakistanKSE 1070062.620.
PhilippinesPSE 1210052.
PortugalLISBON 130053.850.
SingaporeSGX 1090057.800.
SwedenSTOCKHOLM 5320061.650.
TurkeyBIST 2120070.
ThailandSET 3710059.570.
USAMEX 2720068.
UKLSE 8190066.670.
USWARRANTS 330060.610.
USPREFERRED 2570072.370.
USOTC PINK 7520058.
Vietnam HOSE 2070071.980.
Vietnam HNX 1390060.430.
USNYSE 15460071.
AustraliaASX 5500058.910.
Austria WIENERBORSE 390079.490.
BangladeshDSE 1120059.820.
ArgentinaBUE 680069.
CanadaCSE 1300046.
CanadaTSX-V 3070053.420.
CanadaTSX 6180067.960.
BelgiumBRUSSELS 430058.
BrazilBOVESPA 3010063.
ChinaSZSE 20390067.
ChileBCS 460065.
GermanyXETRA 5760071.530.
SwitzerlandSIX 1240072.580.
Greece ATHENS 770072.730.
FrancePARIS 4130065.380.
Hong KongHKEX 9830056.560.
SpainIBEX 550063.640.
JapanSAPPORO 1000.
JapanFUKUOKA 70042.860.
JordanASE 490059.
South KoreaKOSDAQ 10190065.360.
South KoreaKRX 7320070.
IndonesiaIDX 3910065.470.
ItalyBORSA 5420071.
NorwayOSE 1050058.
EgyptEGX 380084.
MalaysiaBURSA 4960052.420.
MexicoBMV 700065.710.
NetherlandsAMSTERDAM 1100075.450.
UAEUAE 450062.
Saudi ArabiaTADAWUL 1320061.360.
QatarQE 470072.340.
IndiaBSE 6460066.870.
ChinaSSE 17951065.680.
JapanNAGOYA 291068.970.
IsraelTASE 3871072.
TaiwanGTSM 4853165.570.310.000.01-0.01
SwitzerlandSIX 59381464.4136.840.210.42-0.21
USOTCBB 53260.0066.675.005.33-0.33
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


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