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US stock market · candlestick pattern

Bullish engulfing on S&P 500

On S&P 500 the bullish engulfing showed up 28 times. The target came first 39% of the time, the stop 57%, and 4% went nowhere within 12 candles.

Counted on S&P 500: daily candles from January 2015 and hourly candles from September 2024.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily650%50%0%
Hourly2236%59%5%

S&P 500 against the rest

ChartsFoundTarget firstStop firstWent nowhere
S&P 5002839%57%4%
All US stock market charts1,02637%59%4%
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 S&P 500

Inside bar · Stochastic bearish cross · Stochastic bullish cross · MACD bearish cross · Gap up · Spinning top · Gap down · RSI overbought drop · Doji · EMA 9/21 bullish cross · all of them

The bullish engulfing elsewhere

Dow Jones · Nasdaq 100 · Alibaba · Tesla · Broadcom · Oracle · Nvidia · Microsoft · Meta · Intel · Sensex · Nifty 50 · Nikkei 225 · Sony · GBP/USD · EUR/JPY · Gold · Silver

Questions

How often does the bullish engulfing work on S&P 500?

In 28 cases on S&P 500, the target (1.5 × ATR) came before the stop (1 × ATR) 39% of the time and the stop came first 57%; 4% went nowhere within 12 candles.

What is the bullish engulfing?

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