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Crypto · candlestick pattern

Bullish engulfing on Optimism

On Optimism the bullish engulfing showed up 361 times. The target came first 32% of the time, the stop 59%, and 9% went nowhere within 12 candles.

Counted on Optimism (OP/USDT): daily candles from June 2022, 4-hour candles from June 2022 and hourly candles from June 2022.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily1145%27%27%
4-hour6126%69%5%
Hourly28933%58%9%

Optimism against the rest

ChartsFoundTarget firstStop firstWent nowhere
Optimism36132%59%9%
All Crypto charts13,19732%56%12%
Every market17,56334%56%10%

Year by year

YearFoundTarget firstStop first
20224028%68%
20236826%65%
20248836%56%
20259734%58%
20266834%54%

The last 8 times

Counted by the Trading Class research engine on real past candles: entry at the signal candle's close, target 1.5 × ATR(14), stop 1 × ATR(14), 12 candles to decide, a candle that touches both counts as the stop. How we count. Past data, not a forecast and not advice.

What the bullish engulfing is

A green body swallows the red one before it. Buyers took control.

Picture a small red fish, then a bigger green fish that swallows it whole. In a bullish engulfing pattern, the green candle's body is so big it covers the whole red body before it. After a fall, it shows buyers suddenly took over.

The full bullish engulfing lesson, video and quiz ›

Other patterns on Optimism

Inside bar · Stochastic bullish cross · Stochastic bearish cross · Spinning top · Volume profile bounce · Volume profile rejection · Doji · MACD bullish cross · MACD bearish cross · EMA 9/21 bearish cross · all of them

The bullish engulfing elsewhere

Ethereum · Bitcoin · Solana · Litecoin · NEAR Protocol · Chainlink · Uniswap · BNB · Cardano · Polkadot · Sensex · Nifty 50 · Dow Jones · S&P 500 · Nikkei 225 · Sony · GBP/USD · EUR/JPY

Questions

How often does the bullish engulfing work on Optimism?

In 361 cases on Optimism, the target (1.5 × ATR) came before the stop (1 × ATR) 32% of the time and the stop came first 59%; 9% went nowhere within 12 candles.

What is the bullish engulfing?

A green body swallows the red one before it. Buyers took control.