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 1/1/2018
Stock Exchange 
Per Trade 
Total Net% Descending
CanadaCSE 159813750.9445.6814.214.0910.12
TurkeyBIST 1861217565.5961.489.620.619.01
ArgentinaBUE 55352563.6471.437.000.606.40
USOTC PINK 140280935658.9943.0510.975.325.66
OmanMSM 139769.2377.786.000.445.56
Vietnam HNX 126774361.1155.846.391.864.53
IndiaBSE 71048925968.8752.975.631.264.37
EgyptEGX 68512675.0050.985.241.104.14
IndiaNSE 56035520363.3957.184.890.874.03
MalaysiaBURSA 50328412356.4643.315.992.003.99
PakistanKSE 104673064.4244.785.271.463.81
UKLSE 109877142570.2255.124.641.043.60
Poland GPW 2791749062.3751.725.451.893.57
AustraliaASX 72244823762.0552.904.791.283.50
IsraelTASE 28621412374.8357.484.050.593.46
CanadaTSX-V 3952219155.9541.187.744.363.38
NorwayOSE 148974765.5448.454.421.133.29
USWARRANTS 22171077.2758.825.292.063.24
Hong KongHKEX 136984439061.6546.214.911.693.22
IndonesiaIDX 31321510568.6948.844.651.513.14
KuwaitKSE 114733564.0447.954.101.043.05
JapanFUKUOKA 221100.0050.003.500.503.00
USNASDAQ 1961134665768.6448.814.141.192.95
BangladeshDSE 142814857.0459.263.580.782.80
BrazilBOVESPA 2551597862.7548.753.811.052.76
ThailandSET 37022310460.2746.643.901.162.74
South KoreaKOSDAQ 109171337565.3552.593.600.982.62
SpainIBEX 93682773.1239.713.591.152.44
JordanASE 51311460.7845.164.452.032.42
TaiwanTWSE 74750526567.6052.482.870.592.28
The World 37900259661319668.5950.763.181.092.09
BelgiumBRUSSELS 80492961.2559.182.590.532.06
PhilippinesPSE 151783651.6646.
ChileBCS 90644071.1162.502.530.502.03
SwedenSTOCKHOLM 58138620266.4452.333.441.412.03
MexicoBMV 86562565.1244.643.211.251.96
TaiwanGTSM 61239019863.7350.772.820.881.94
Vietnam HOSE 2331679171.6754.492.830.921.90
RussiaMICEX 2571597363.8144.512.760.861.90
USAMEX 30622510573.5346.672.410.621.79
CanadaTSX 103674438371.8151.482.410.691.72
JapanTOKYO 2623182794169.6551.512.660.971.69
South KoreaKRX 80653628466.5052.992.460.791.67
Saudi ArabiaTADAWUL 2151437866.5154.552.540.871.66
FOREXFOREX 68482470.5950.001.940.331.60
TurkeyBIST 27211477.7866.671.670.141.52
FrancePARIS 59441520169.8748.432.200.731.47
ChinaSSE 2766194598370.3550.512.400.961.44
ChinaSZSE 35222475120170.2748.532.531.171.36
BrazilBOVESPA 30261886.6769.231.620.311.31
DenmarkCOPENHAGEN 77642583.1239.062.230.981.25
ArgentinaBUE 30221473.3363.641.320.091.23
USNYSE 2030152278975.0751.771.840.621.21
RussiaMICEX 87633272.4150.791.650.441.21
PortugalLISBON 2417770.8341.182.120.941.18
MexicoBMV 36261572.2257.691.310.191.12
Poland GPW 63503479.3768.
UAEUAE 3922956.4140.911.951.000.95
NorwayOSE 50311562.0048.391.100.230.87
AustraliaASX 34241270.5950.000.960.130.83
GermanyXETRA 70652224373.9446.551.370.560.81
ItalyBORSA 69752224974.8947.701.310.610.70
PakistanKSE 51412080.3948.780.850.200.66
IndiaNSE 34261376.4750.000.810.150.65
QatarQE 55392070.9151.281.180.540.64
IsraelTASE 55412274.5553.660.850.220.63
ChileBCS 54352364.8165.710.800.170.63
SingaporeSGX 160893655.6340.452.401.790.62
JapanTOKYO 52322161.5465.630.970.380.59
Vietnam HOSE 52391975.0048.720.740.210.54
TaiwanGTSM 2819867.8642.110.840.320.53
SwitzerlandSIX 1991356267.8445.931.000.500.50
ThailandSET 57382066.6752.630.660.180.47
NetherlandsAMSTERDAM 1651165770.3049.141.020.550.47
CanadaTSX 42221752.3877.270.770.320.45
PhilippinesPSE 52331763.4651.520.730.270.45
PortugalLISBON 42321576.1946.880.630.220.41
UKLSE 47392082.9851.280.640.280.36
Greece ATHENS 43341779.0750.000.560.210.35
USFOREX 75522869.3353.850.500.150.35
UAEUAE 67482271.6445.830.560.230.33
NetherlandsAMSTERDAM 44361781.8247.220.500.190.31
ChinaSSE 48361875.0050.000.500.190.31
Greece ATHENS 85552764.7149.091.491.200.29
ItalyBORSA 44351679.5545.710.490.200.29
GermanyXETRA 43351681.4045.710.490.200.29
FrancePARIS 44351679.5545.710.490.200.29
DenmarkCOPENHAGEN 54422077.7847.620.500.240.26
Austria WIENERBORSE 40311477.5045.160.480.230.26
SpainIBEX 50361772.0047.220.470.220.25
Austria WIENERBORSE 1512680.0050.002.001.750.25
SingaporeSGX 69512773.9152.940.370.140.24
Hong KongHKEX 68562382.3541.070.480.250.23
IndonesiaIDX 35211160.0052.380.670.480.19
BelgiumBRUSSELS 43351681.4045.710.370.200.17
MalaysiaBURSA 43311272.0938.710.480.320.16
USPREFERRED 3002309876.6742.610.630.490.14
JapanNAGOYA 2921672.4128.571.331.190.14
BangladeshDSE 3224775.0029.170.420.330.08
SwedenSTOCKHOLM 55432278.1851.160.300.260.05
South KoreaKOSDAQ 62462374.1950.000.390.350.04
JapanSAPPORO 1000.
SwitzerlandSIX 53331262.2636.360.210.39-0.18
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


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.