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 149773351.6842.8614.874.8210.05
TurkeyBIST 1721117064.5363.069.590.579.03
USWARRANTS 1713976.4769.238.771.317.46
ArgentinaBUE 49302263.2770.977.060.426.65
OmanMSM 139769.2377.786.000.445.56
USOTC PINK 113366629659.4943.929.974.535.44
IndiaBSE 68847425268.9053.165.941.234.71
EgyptEGX 62472475.8151.065.431.114.32
IndiaNSE 54634619863.3757.234.970.864.11
MalaysiaBURSA 46826311256.2042.596.162.064.09
PakistanKSE 100653065.0046.155.431.463.97
UKLSE 104873640670.2355.164.731.013.72
Vietnam HNX 117703859.8354.295.601.943.66
IsraelTASE 26219811275.5756.574.100.583.52
Hong KongHKEX 136284738962.1945.935.221.713.51
CanadaTSX-V 3792078554.6241.067.714.213.50
NorwayOSE 145934464.1447.314.441.143.30
USNASDAQ 1817124862568.7450.044.401.133.27
JordanASE 44281463.6450.004.931.683.25
AustraliaASX 67241921962.3552.274.511.263.24
Poland GPW 2501557762.0049.685.122.013.11
IndonesiaIDX 2911999468.3847.244.571.503.07
JapanFUKUOKA 221100.0050.003.500.503.00
KuwaitKSE 108693163.8944.934.061.102.96
BrazilBOVESPA 2361487463.1449.663.781.042.74
ThailandSET 3582139759.5045.543.891.162.73
South KoreaKOSDAQ 103968936166.3152.393.620.952.67
SpainIBEX 88662775.0040.913.711.142.58
TaiwanTWSE 73149326267.4453.142.920.572.35
BangladeshDSE 132744156.0655.413.090.852.24
PhilippinesPSE 148763651.3547.373.281.112.17
SwedenSTOCKHOLM 52234818167.0551.713.501.362.14
The World 36241248931267268.7550.863.141.042.10
MexicoBMV 79532367.0943.403.341.262.08
TaiwanGTSM 59537819363.5351.062.890.852.04
ChileBCS 90644071.1162.502.530.502.03
BelgiumBRUSSELS 79482860.7658.332.560.542.02
RussiaMICEX 2331476564.3843.332.730.891.84
Vietnam HOSE 2211578671.0454.782.770.961.82
CanadaTSX 97770635972.3650.782.500.701.80
FOREXFOREX 66452368.1851.112.070.311.76
USAMEX 28921610074.7446.302.350.661.69
JapanTOKYO 2523176090369.7651.312.660.981.68
South KoreaKRX 78252327866.8853.152.430.781.65
Saudi ArabiaTADAWUL 2061387566.9954.352.490.871.62
TurkeyBIST 24201483.3370.001.750.151.60
FrancePARIS 57940820370.4749.752.250.721.53
BrazilBOVESPA 28231682.1469.571.780.301.48
DenmarkCOPENHAGEN 73592380.8238.982.370.981.39
ChinaSSE 2695189795970.3950.552.350.971.38
RussiaMICEX 80593273.7554.241.780.421.36
ChinaSZSE 34412419117670.3048.622.511.161.35
USNYSE 1959147077175.1952.341.870.631.24
ArgentinaBUE 30221473.3363.641.320.091.23
PortugalLISBON 2417770.8341.182.120.941.18
Poland GPW 62493479.0369.391.100.041.06
MexicoBMV 33231369.7056.521.220.221.00
NorwayOSE 50311562.0048.391.100.230.87
ItalyBORSA 66650624375.9848.021.470.610.86
GermanyXETRA 66450323675.7546.921.340.540.80
AustraliaASX 33231069.7043.480.870.130.74
QatarQE 48321766.6753.131.250.530.72
UAEUAE 4022955.0040.911.681.000.68
IndiaNSE 33251375.7652.000.840.160.68
IsraelTASE 53392273.5856.410.900.230.67
ChileBCS 51322162.7565.630.840.190.66
JapanTOKYO 50312162.0067.741.000.350.65
PakistanKSE 51401978.4347.500.830.200.63
SingaporeSGX 154853455.1940.002.461.850.61
TaiwanGTSM 2718866.6744.440.890.280.61
SwitzerlandSIX 1851256067.5748.001.040.490.55
Vietnam HOSE 52391975.0048.720.740.210.54
NetherlandsAMSTERDAM 1531125773.2050.891.050.540.51
CanadaTSX 41201648.7880.000.800.300.50
PhilippinesPSE 52331763.4651.520.730.270.45
PortugalLISBON 39291374.3644.830.690.240.45
ThailandSET 55371967.2751.350.590.190.41
Greece ATHENS 40311577.5048.390.610.230.39
UKLSE 43361983.7252.780.670.310.36
DenmarkCOPENHAGEN 52402076.9250.000.530.180.35
USFOREX 74522870.2753.850.500.150.35
UAEUAE 66472171.2144.680.570.230.34
NetherlandsAMSTERDAM 41331580.4945.450.550.210.33
JapanNAGOYA 2518572.0027.781.561.220.33
ChinaSSE 47351774.4748.570.510.200.31
ItalyBORSA 41321478.0543.750.530.220.31
FrancePARIS 41321478.0543.750.530.220.31
GermanyXETRA 40321480.0043.750.530.220.31
Austria WIENERBORSE 1310576.9250.002.201.900.30
Austria WIENERBORSE 37281275.6842.860.540.250.29
SpainIBEX 47331570.2145.450.520.240.27
Hong KongHKEX 66542281.8240.740.500.260.24
SingaporeSGX 68502573.5350.000.360.140.22
Greece ATHENS 73452261.6448.891.511.310.20
IndonesiaIDX 34211161.7652.380.670.480.19
BelgiumBRUSSELS 40321480.0043.750.410.220.19
BangladeshDSE 3022773.3331.820.450.270.18
MalaysiaBURSA 43311272.0938.710.480.320.16
USPREFERRED 2992279575.9241.850.600.460.14
South KoreaKOSDAQ 61442272.1350.000.430.340.09
SwedenSTOCKHOLM 55432178.1848.840.300.260.05
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.