BULLISH BELT HOLD
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.
BULLISH BELT HOLD
Definition
Bullish Belt Hold is a single candlestick pattern, basically, a White Opening Marubozu that occurs in a downtrend. It opens on the low of the day, and then a rally begins during the day against the overall trend of the market, which eventually stops with a close near the high, leaving a small shadow on top of the candle. If longer bodies characterize the Belt Hold, then the resistance they offer against the trend will be even much stronger.
Recognition Criteria
1. The market is characterized by a prevailing downtrend.
2. The market gaps down and opens at its low, and closes near to the high of the day.
3. A long white body that has no lower shadow (a White Opening Marubozu) is observed.
Pattern Requirements and Flexibility
A White Opening Marubozu or a White Marubozu (with no upper or lower shadow) should be seen in a Bullish Belt Hold, and it should open lower than the two preceding black candlesticks.
Trader’s Behavior
The market opens lower with a significant gap in the direction of the prevailing downtrend. So, the first impression reflected in the opening price is the continuation of the downtrend. However, after the market opening, things change rapidly and the market moves in the opposite direction from there on. This causes much concern among the short traders, leading to the covering of many positions, which could reverse the direction of the trend and start a rally for the bulls.
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.
Title
Pattern Performance in Stock Exchanges since 1/1/2014
Country
Stock Exchange
Website
Patterns
Total
Confirmed
Total
Profitable
Signals
Confirmation
%
Profitable
Signal%
Per Trade
Samples
Profit%
Loss%
Total Net%(Descending)
QatarQE 98588.8962.5029.380.3829.00
USWARRANTS 84350.0075.0015.753.0012.75
ChinaSZSE 55044131280.1870.7513.891.8412.05
PortugalLISBON 128666.6775.009.751.008.75
EgyptEGX 110845676.3666.679.490.768.73
ChinaSSE 32626416980.9864.0210.271.718.56
South KoreaKOSDAQ 54739131871.8580.928.690.418.27
DenmarkCOPENHAGEN 23221495.6563.648.730.957.77
TaiwanGTSM 52437727771.9573.478.290.567.74
UAEUAE 18141177.7878.578.140.647.50
TaiwanTWSE 75055141773.4775.687.810.497.33
USOTCBB 553100.0060.009.602.607.00
IndiaNSE 43028417466.0561.277.611.446.17
USAMEX 137926067.1565.226.830.826.01
RussiaMICEX 67392458.2161.545.820.495.33
OmanMSM 107470.0057.147.432.145.29
Saudi ArabiaTADAWUL 19915011075.3873.335.890.755.13
IndiaBSE 120378745165.4257.316.601.674.92
Hong KongHKEX 36024814068.8956.455.880.984.90
The World 124838840576170.8565.145.820.984.84
South KoreaKRX 38828121072.4274.734.720.384.34
NorwayOSE 53291556.6050.005.231.034.20
MalaysiaBURSA 53392573.5864.104.690.564.13
TurkeyBIST 130734556.1561.644.600.534.07
USOTC PINK 91661732267.4752.106.042.063.98
USNASDAQ 70848931669.0764.624.790.973.82
SpainIBEX 28171260.7170.594.410.653.76
Austria WIENERBORSE 554100.0080.003.600.203.40
CanadaTSX 49837125074.5067.393.930.633.30
JordanASE 86475.0066.674.671.503.17
UKLSE 66446729170.3362.313.760.822.94
CanadaTSX-V 1210683.3360.004.001.102.90
BrazilBOVESPA 34251673.5364.003.440.602.84
JapanTOKYO 80559739374.1665.833.380.692.70
Greece ATHENS 2916955.1756.255.312.632.69
USPREFERRED 1931359069.9566.672.870.342.53
USNYSE 96169747072.5367.433.000.502.50
MexicoBMV 70543977.1472.222.940.562.39
FrancePARIS 123815065.8561.732.770.472.30
AustraliaASX 115795268.7065.822.920.652.28
JapanNAGOYA 87587.5071.432.430.432.00
ItalyBORSA 26519911775.0958.792.440.661.78
IndonesiaIDX 79491962.0338.783.311.591.71
ArgentinaBUE 2314760.8750.002.931.501.43
NetherlandsAMSTERDAM 57402670.1865.001.880.501.38
GermanyXETRA 1971467974.1154.112.401.131.27
SwedenSTOCKHOLM 107703965.4255.712.611.361.26
IsraelTASE 1401035573.5753.402.301.071.23
BelgiumBRUSSELS 85362.5060.001.600.401.20
SwitzerlandSIX 91593664.8461.021.560.531.03
SingaporeSGX 54371768.5245.951.861.220.65
JapanFUKUOKA 43275.0066.671.000.670.33
KuwaitKSE 2814450.0028.572.792.570.21
USAMEX 1000.000.000.000.000.00
CanadaCSE 110100.000.000.008.00-8.00
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
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Disclaimers:

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.

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