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.
This is a bottom reversal pattern with two candlesticks. A black candlestick appears on the first day while a downtrend is in progress. The second day opens at a new low, with a gap down and closes more than halfway into the prior black body, leading to the formation of a strong white candlestick.
Recognition Criteria
1. The market is characterized by a prevailing downtrend.
2. A black candlestick appears on the first day.
3. A white candlestick opens on the second day with a gap down and closes more than halfway into the body of the first day.
4. The second day fails to close above the body of the first day.
Pattern Requirements and Flexibility
The first day of the Bullish Piercing Line pattern is a normal or long black candlestick. The second day should open well below the close of the first day and close more than halfway into the prior black candlestick’s body. However, the close of the second day must stay inside the body of the first day.
Trader’s Behavior
The market moves in a downtrend. The first black body reinforces this view. The next day the market opens lower via a gap, showing that the bearishness still persists. After this very bearish open, bulls decide to take the lead. The market surges toward the close, prices start to go up resulting in a close way above the previous day’s close. Now the bears are losing their confidence and are reevaluating their short positions. The potential buyers start thinking that new lows may not hold and perhaps it is time to take long positions.
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.
Pattern Performance in Stock Exchanges since 1/1/2014
Stock Exchange
Per Trade
Total Net%(Descending)
CanadaCSE 2815553.5733.3313.334.538.80
OmanMSM 117563.6471.438.861.437.43
ArgentinaBUE 1711177468.4263.257.720.976.74
IndiaBSE 95796000367862.6461.306.491.185.31
IndiaNSE 70174553296564.8965.126.120.855.27
USWARRANTS 60402466.6760.006.751.605.15
ChinaSZSE 109648204596574.8372.715.280.734.55
ChinaSSE 76485654406173.9371.835.160.664.50
RussiaMICEX 71545928864.2062.755.410.924.49
USOTC PINK 50913034148659.7148.886.772.534.24
South KoreaKOSDAQ 63334102264564.7764.485.010.784.23
IndonesiaIDX 73445625762.1356.364.880.943.94
BrazilBOVESPA 122478049663.7363.594.590.743.84
Hong KongHKEX 59793589199560.0355.594.931.233.70
Saudi ArabiaTADAWUL 97061640263.5165.264.350.743.62
SwedenSTOCKHOLM 2011129976464.5958.814.510.933.58
South KoreaKRX 56213616225664.6362.104.190.683.51
JapanSAPPORO 52140.0050.004.501.003.50
TaiwanGTSM 2411142487059.0661.104.300.823.48
USNASDAQ 1605010573652865.9161.714.310.943.37
USAMEX 1752106860861.1956.724.531.183.35
TurkeyBIST 94160137463.8762.234.090.823.27
Greece ATHENS 2321447862.0754.175.021.763.26
The World 1722951140157141266.1962.614.040.833.21
RussiaMICEX 88553262.5058.183.640.533.11
KuwaitKSE 1971045052.7948.084.551.463.09
NorwayOSE 64340923463.6157.214.301.253.05
JapanTOKYO 128918412507565.2560.333.750.822.93
PortugalLISBON 1661168369.8871.553.660.742.92
IsraelTASE 95366741369.9961.923.710.822.88
EgyptEGX 52033918165.1953.394.051.192.86
MalaysiaBURSA 144678743954.4355.783.841.022.82
DenmarkCOPENHAGEN 48431116964.2654.343.560.822.74
FrancePARIS 23921612104467.3964.763.160.632.53
Austria WIENERBORSE 2161499468.9863.093.000.522.48
TaiwanTWSE 34982068122759.1259.333.100.652.45
AustraliaASX 2294148086564.5258.453.280.922.36
SpainIBEX 58738222065.0857.593.110.792.33
ItalyBORSA 31922184134668.4261.633.040.742.29
CanadaTSX 58223759222164.5759.083.020.762.26
BelgiumBRUSSELS 47133719671.5558.162.810.552.26
QatarQE 1791156664.2557.393.030.772.26
UKLSE 53503656224468.3461.383.070.812.26
GermanyXETRA 39092733172669.9263.152.810.612.20
SwitzerlandSIX 1472101158668.6857.962.680.532.14
ArgentinaBUE 79635079.7579.372.190.132.06
USNYSE 1986113339836267.1662.692.690.652.04
NetherlandsAMSTERDAM 80052833766.0063.832.460.571.89
JordanASE 141813657.4544.443.561.671.89
MexicoBMV 59638823365.1060.052.600.731.87
JapanNAGOYA 86522360.4744.232.881.081.81
CanadaTSX-V 56830512053.7039.344.843.161.68
JapanFUKUOKA 1811661.1154.553.001.361.64
UAEUAE 2041225459.8044.263.141.531.61
TurkeyBIST 80573571.2561.401.630.191.44
SingaporeSGX 71239620655.6252.022.481.061.42
MalaysiaBURSA 79593974.6866.101.560.271.29
MexicoBMV 106704766.0467.141.670.391.29
USPREFERRED 123982347666.4257.841.460.341.12
IndonesiaIDX 63493277.7865.311.330.221.10
South KoreaKOSDAQ 41251860.9872.
BrazilBOVESPA 83432751.8162.791.370.420.95
NorwayOSE 78633380.7752.381.250.300.95
ChileBCS 75543272.0059.
IsraelTASE 72443361.1175.
SpainIBEX 65443367.6975.000.980.140.84
SwitzerlandSIX 82543965.8572.221.110.300.81
ChinaSSE 66442866.6763.641.000.200.80
CanadaTSX 58392767.2469.230.970.180.79
Greece ATHENS 57392868.4271.790.900.150.74
DenmarkCOPENHAGEN 92563960.8769.640.890.160.73
Austria WIENERBORSE 53352466.0468.570.890.170.71
PortugalLISBON 61422968.8569.050.930.240.69
NetherlandsAMSTERDAM 54362466.6766.670.860.190.67
ItalyBORSA 54362466.6766.670.860.190.67
FrancePARIS 54362466.6766.670.860.190.67
GermanyXETRA 54362466.6766.670.860.190.67
BelgiumBRUSSELS 54362466.6766.670.860.190.67
Poland GPW 93583462.3758.620.900.280.62
SingaporeSGX 67472770.1557.450.740.130.62
JapanTOKYO 91754382.4257.330.770.190.59
PakistanKSE 62392562.9064.100.850.280.56
PhilippinesPSE 57372764.9172.970.810.270.54
FOREXFOREX 136915666.9161.540.740.240.49
UAEUAE 119764663.8760.530.700.240.46
AustraliaASX 81452555.5655.560.580.200.38
ThailandSET 99703670.7151.430.600.240.36
SwedenSTOCKHOLM 84693482.1449.280.720.380.35
BangladeshDSE 53382271.7057.890.580.240.34
UKLSE 109713965.1454.930.560.230.34
Vietnam HOSE 74462662.1656.520.650.350.30
USFOREX 118784166.1052.560.600.320.28
PeruBVL 70472567.1453.190.600.320.28
TaiwanGTSM 77532868.8352.830.490.260.23
IndiaNSE 71472366.2048.940.490.300.19
Hong KongHKEX 66452468.1853.330.470.440.02
USOTCBB 2710437.0440.001.806.20-4.40
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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