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 74357.1475.0015.753.0012.75
ChinaSZSE 53242730680.2671.6614.361.7812.58
PortugalLISBON 128666.6775.009.751.008.75
EgyptEGX 111855776.5867.069.480.758.73
South KoreaKOSDAQ 54239331972.5181.178.730.428.31
ChinaSSE 31725816581.3963.959.681.867.82
TaiwanGTSM 51937427672.0673.808.340.537.81
DenmarkCOPENHAGEN 23221495.6563.648.730.957.77
UAEUAE 18141177.7878.578.140.647.50
TaiwanTWSE 74654841673.4675.917.810.487.33
USOTCBB 553100.0060.009.602.607.00
IndiaNSE 42928417566.2061.627.621.406.22
USAMEX 134906067.1666.676.990.816.18
RussiaMICEX 65392460.0061.545.820.495.33
OmanMSM 107470.0057.147.432.145.29
Saudi ArabiaTADAWUL 19915011075.3873.335.890.755.13
Hong KongHKEX 35524513969.0156.735.960.964.99
TurkeyBIST 132744656.0662.165.490.534.96
IndiaBSE 118777644365.3757.096.541.684.86
The World 123138723569070.8865.195.820.974.84
South KoreaKRX 38728221172.8774.824.720.384.35
MalaysiaBURSA 53392573.5864.104.690.564.13
NorwayOSE 53281454.7248.285.171.074.10
USOTC PINK 90361232067.7752.295.972.063.91
USNASDAQ 69247530868.9364.574.740.973.77
SpainIBEX 27171262.9670.594.410.653.76
Austria WIENERBORSE 554100.0080.003.600.203.40
CanadaTSX 49737024674.6566.313.870.653.22
JordanASE 86475.0066.674.671.503.17
CanadaTSX-V 1210683.3360.004.001.102.90
BrazilBOVESPA 34251673.5364.003.440.602.84
UKLSE 65045728470.3162.143.540.822.72
JapanTOKYO 78558138374.0165.923.400.692.71
Greece ATHENS 2916955.1756.255.312.632.69
USNYSE 95168946272.4567.053.100.512.59
USPREFERRED 1951369069.7466.182.820.352.47
MexicoBMV 69533976.8173.583.000.552.45
FrancePARIS 122804965.5761.252.780.482.30
JapanNAGOYA 87587.5071.432.430.142.29
AustraliaASX 113775068.1464.942.920.662.26
IndonesiaIDX 74481964.8639.583.381.501.88
ArgentinaBUE 2314760.8750.002.931.501.43
NetherlandsAMSTERDAM 57402670.1865.001.880.501.38
SwedenSTOCKHOLM 103673765.0555.222.541.211.33
ItalyBORSA 25819011274.0358.641.960.671.29
GermanyXETRA 1921427673.9653.522.431.151.28
IsraelTASE 1381005372.4653.002.351.091.26
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 2714451.8528.572.792.570.21
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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