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)
USOTCBB 332100.0066.6715.671.0014.67
ChinaSZSE 55945632181.5770.3913.731.8311.90
OmanMSM 84350.0075.0012.502.0010.50
PakistanKSE 133916468.4270.3310.130.779.36
EgyptEGX 100734673.0063.0110.010.819.21
South KoreaKOSDAQ 45233027773.0183.949.110.328.79
ChinaSSE 32026117481.5666.6710.341.708.63
TaiwanGTSM 47834825772.8073.859.030.578.46
TaiwanTWSE 67348036571.3276.048.590.478.12
RussiaMICEX 51302158.8270.007.930.277.67
DenmarkCOPENHAGEN 22191486.3673.687.790.267.53
USAMEX 123825266.6763.417.121.016.11
QatarQE 108580.0062.506.000.385.63
Saudi ArabiaTADAWUL 1791339974.3074.446.350.775.58
USWARRANTS 53260.0066.679.334.005.33
South KoreaKRX 33523518170.1577.025.140.264.88
IndiaBSE 110771740864.7756.906.521.694.84
The World 125818834571270.2264.655.751.024.73
MalaysiaBURSA 55392470.9161.545.050.674.38
USOTC PINK 93163834068.5353.296.362.144.22
UAEUAE 128566.6762.505.001.133.88
Greece ATHENS 26151057.6966.675.932.133.80
Hong KongHKEX 37726914371.3553.164.721.213.51
SpainIBEX 27161159.2668.754.310.813.50
TurkeyBIST 130724355.3859.723.890.493.40
USNASDAQ 70647531167.2865.474.411.013.40
Poland GPW 82503460.9868.003.960.603.36
CanadaTSX 47235524075.2167.613.880.593.29
PhilippinesPSE 199447.3744.444.110.893.22
IndiaNSE 34722411864.8452.445.161.973.19
CanadaTSX-V 108580.0062.504.131.133.00
JordanASE 64366.6775.004.001.003.00
AustraliaASX 121876271.9071.263.430.462.97
BangladeshDSE 112794370.5454.434.251.292.96
ThailandSET 76553672.3765.453.650.842.82
USPREFERRED 1851288769.1967.973.170.382.79
UKLSE 63244726870.7359.963.650.922.73
JapanTOKYO 90465441072.3562.693.400.712.70
USNYSE 91264644270.8368.423.070.512.56
PortugalLISBON 116454.5566.673.831.332.50
ItalyBORSA 23317410374.6859.203.090.672.41
BrazilBOVESPA 52382573.0865.793.160.872.29
IsraelTASE 131915369.4758.243.050.932.12
Vietnam HOSE 107744169.1655.413.261.192.07
MexicoBMV 83634375.9068.252.730.672.06
IndonesiaIDX 77461859.7439.133.391.461.93
SwedenSTOCKHOLM 105714367.6260.562.961.031.93
JapanNAGOYA 97577.7871.432.430.571.86
FrancePARIS 138895464.4960.672.340.511.83
Austria WIENERBORSE 65483.3380.002.000.201.80
NorwayOSE 50251050.0040.002.561.121.44
SingaporeSGX 49301561.2250.002.401.171.23
GermanyXETRA 2041518374.0254.972.411.231.18
BelgiumBRUSSELS 106460.0066.671.500.331.17
SwitzerlandSIX 91563361.5458.931.770.661.11
NetherlandsAMSTERDAM 59392566.1064.101.560.491.08
Vietnam HNX 78512265.3843.142.962.100.86
JapanFUKUOKA 43275.0066.671.000.670.33
PeruBVL 1000.000.000.000.000.00
UAEUAE 221100.0050.000.000.000.00
ChileBCS 43275.0066.670.330.330.00
ArgentinaBUE 2112557.1441.671.921.920.00
KuwaitKSE 2111452.3836.360.912.55-1.64
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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