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Japanese stock market · candlestick pattern

Bullish engulfing on SoftBank

On SoftBank the bullish engulfing showed up 26 times. The target came first 35% of the time, the stop 65%, and 0% went nowhere within 12 candles.

Counted on SoftBank Group: daily candles from January 2015 and hourly candles from September 2024.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily650%50%0%
Hourly2030%70%0%

SoftBank against the rest

ChartsFoundTarget firstStop firstWent nowhere
SoftBank2635%65%0%
All Japanese stock market charts10138%61%1%
Every market17,56334%56%10%

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 SoftBank

Inside bar · Gap up · Gap down · Stochastic bearish cross · Stochastic bullish cross · Doji · Spinning top · MACD bearish cross · MACD bullish cross · RSI overbought drop · all of them

The bullish engulfing elsewhere

Nikkei 225 · Sony · Toyota · Sensex · Nifty 50 · Dow Jones · S&P 500 · GBP/USD · EUR/JPY · Gold · Silver

Questions

How often does the bullish engulfing work on SoftBank?

In 26 cases on SoftBank, the target (1.5 × ATR) came before the stop (1 × ATR) 35% of the time and the stop came first 65%; 0% went nowhere within 12 candles.

What is the bullish engulfing?

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