BULLISH PIERCING LINE
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 PIERCING LINE
Definition
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.
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)
CanadaCSE 3114545.1635.7112.434.577.86
USWARRANTS 56362264.2961.117.671.725.94
OmanMSM 138461.5450.008.132.505.63
ArgentinaBUE 1751116863.4361.265.871.004.87
Greece ATHENS 2031308264.0463.086.241.434.81
IndiaNSE 62604020257564.3063.985.630.874.76
IndiaBSE 88595502332362.1160.405.911.224.69
ChinaSZSE 101497567549674.5672.635.390.724.67
ChinaSSE 70975245377173.9071.905.330.684.65
USOTC PINK 46552782136159.7648.927.022.534.49
PakistanKSE 109473845867.4662.065.431.034.40
South KoreaKOSDAQ 58483754240064.2663.865.050.814.24
Hong KongHKEX 57523414192559.3556.395.151.203.96
BrazilBOVESPA 114973046463.5363.564.670.753.91
SwedenSTOCKHOLM 1977126074863.7359.374.720.963.76
KuwaitKSE 172964955.8151.044.981.283.70
IndonesiaIDX 67943324563.7756.584.660.973.69
Saudi ArabiaTADAWUL 88556536063.8463.724.380.793.59
RussiaMICEX 68543927364.0962.194.500.963.54
TaiwanGTSM 2273132680058.3460.334.340.833.51
JapanSAPPORO 52140.0050.004.501.003.50
DenmarkCOPENHAGEN 46129116963.1258.084.160.693.47
USNASDAQ 149969775605165.1861.904.350.953.41
TurkeyBIST 89855934662.2561.904.200.793.41
South KoreaKRX 51403293203564.0761.804.040.703.34
The World 1682111103226858565.6062.164.010.843.17
PortugalLISBON 1411047573.7672.123.880.763.12
Vietnam HOSE 77645325758.3856.733.930.952.99
JapanTOKYO 125988155491764.7360.293.780.802.98
NorwayOSE 62639823463.5858.794.241.262.98
RussiaMICEX 92583463.0458.623.480.552.93
USAMEX 1646100555661.0655.324.151.242.92
IsraelTASE 89361639068.9863.313.680.772.91
EgyptEGX 49231316763.6253.354.171.262.91
MalaysiaBURSA 139575942554.4155.993.931.052.88
ThailandSET 148487046058.6352.873.670.862.80
PhilippinesPSE 44026915061.3655.563.590.802.78
ChileBCS 41262163.4180.773.040.272.77
Poland GPW 137383149160.5259.093.811.062.74
BangladeshDSE 88847225153.1553.183.670.942.73
JordanASE 122783863.9348.724.351.622.73
TaiwanTWSE 32261875111458.1259.413.200.652.55
Austria WIENERBORSE 2061449269.9063.892.910.432.48
AustraliaASX 2156141181665.4557.833.360.912.45
ArgentinaBUE 81645179.0179.692.550.132.42
FrancePARIS 2262152096667.2063.553.080.672.41
SpainIBEX 53335620366.7957.023.110.782.33
GermanyXETRA 35602450154868.8263.182.830.572.27
UKLSE 50583455209868.3160.723.050.792.25
CanadaTSX 53303385197563.5158.352.990.772.21
Vietnam HNX 3171948761.2044.853.941.752.19
BelgiumBRUSSELS 44431617971.1756.652.750.582.17
ItalyBORSA 30572101124368.7359.162.930.772.16
QatarQE 1661006060.2460.002.790.662.13
USNYSE 1835612190763266.4562.572.740.662.08
NetherlandsAMSTERDAM 74249530666.7161.822.460.641.82
UAEUAE 1701064862.3545.283.301.531.77
SwitzerlandSIX 139997857269.9158.492.260.521.74
MexicoBMV 60239322765.2857.762.370.791.58
TurkeyBIST 83593871.0864.411.690.171.53
SingaporeSGX 65736718755.8650.952.561.071.49
CanadaTSX-V 51427210253.3137.234.793.371.42
MalaysiaBURSA 80593973.7566.101.560.271.29
JapanNAGOYA 83522262.6542.312.401.151.25
IndonesiaIDX 65503376.9266.001.400.221.18
MexicoBMV 116775066.3864.941.570.401.17
USPREFERRED 116378345567.3358.111.480.321.16
JapanFUKUOKA 2114766.6750.002.431.361.07
South KoreaKOSDAQ 43271962.7970.371.150.151.00
IsraelTASE 74463462.1673.911.130.200.93
ChileBCS 80573471.2559.651.190.260.93
SwitzerlandSIX 90584164.4470.691.170.290.88
NorwayOSE 87693779.3153.621.170.300.87
BrazilBOVESPA 92482852.1758.331.250.400.85
CanadaTSX 62422867.7466.670.980.190.79
SpainIBEX 66453368.1873.330.960.180.78
ChinaSSE 67452767.1660.000.980.200.78
Greece ATHENS 60402866.6770.000.880.150.73
Austria WIENERBORSE 54352464.8168.570.890.170.71
DenmarkCOPENHAGEN 96594061.4667.800.850.150.69
PortugalLISBON 62422967.7469.050.930.240.69
NetherlandsAMSTERDAM 55362465.4566.670.860.190.67
ItalyBORSA 55362465.4566.670.860.190.67
BelgiumBRUSSELS 55362465.4566.670.860.190.67
GermanyXETRA 55362465.4566.670.860.190.67
FrancePARIS 55362465.4566.670.860.190.67
SingaporeSGX 69472768.1257.450.770.150.62
Poland GPW 98623663.2758.060.870.260.61
JapanTOKYO 94774381.9155.840.810.190.61
PhilippinesPSE 60402966.6772.500.850.250.60
PakistanKSE 65422764.6264.290.880.290.60
FOREXFOREX 141925765.2561.960.790.240.55
UAEUAE 122764662.3060.530.680.240.45
ThailandSET 102713769.6152.110.620.240.38
BangladeshDSE 55412474.5558.540.590.220.37
UKLSE 111724064.8655.560.600.240.36
SwedenSTOCKHOLM 89723580.9048.610.690.380.32
Vietnam HOSE 76462660.5356.520.650.350.30
USFOREX 120784165.0052.560.600.320.28
AustraliaASX 88522959.0955.770.500.230.27
PeruBVL 70492570.0051.020.570.310.27
TaiwanGTSM 79532867.0952.830.530.260.26
IndiaNSE 78502564.1050.000.460.280.18
Hong KongHKEX 70472467.1451.060.450.47-0.02
USOTCBB 157346.6742.862.005.57-3.57
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
About Us
Support
Privacy
TOS
Important Links
English
Deutsch
中文
Français
Türkçe
Indonesia
Español
Italiano
 
 
 
 
 
 
 
 
 
 

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.

Candlesticker.com is an independent and free website and all the Services provided by Americanbulls.com LLC at Candlesticker.com are completely free of charge. Americanbulls.com LLC does not receive compensation by any direct or indirect means from the visitors and users of this website (or of any other bulls.com© family websites), and from the stocks, securities and other institutions or any underwriters or dealers associated with the broader national or international forex, commodity and stock markets.

You agree that Candlesticker.com and Americanbulls.com LLC its parent company, subsidiaries, affiliates, officers and employees shall not be liable for any direct, indirect, incidental, special or consequential damages.