BULLISH PIERCING LINE
The chart showing Series 1 series.
To evaluate the performance of the pattern in your stock exchange within the context of other global markets, please refer to the table below. Locate your stock market to see its ranking among others. This will provide insights into the pattern’s strength and reliability, aiding you in your buying and selling decisions.
BULLISH PIERCING LINE
Definition
This pattern signifies a bottom reversal with two candlesticks. On the first day, a black candlestick appears during an ongoing downtrend. The second day opens at a new low with a gap down and then closes more than halfway into the prior black body, resulting in a strong white candlestick. This formation indicates a potential shift in market sentiment and a reversal of the downtrend.
Recognition Criteria
1. The market is currently defined by a dominant downward trend.
2. On the first day, a black candlestick is observed.
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 features a normal or long black candlestick. On the second day, the market should open well below the previous day’s close and close more than halfway into the prior black candlestick’s body. However, the second day’s close must remain within the body of the first day’s candlestick.
Trader’s Behavior
The market is in a downtrend, with the first black candlestick reaffirming this sentiment. The next day opens lower with a gap, indicating continued bearishness. Despite the bearish start, bulls take control, driving the market upward toward the close. Prices increase significantly, closing well above the previous day’s close. As a result, bears start losing confidence and reconsider their short positions. Potential buyers begin to speculate that new lows may not hold, considering it might be an opportune time to take long positions.
Buy/Stop-Loss Levels
The confirmation level is set at the last closing price. For confirmation, prices need to surpass this level.

The stop-loss level is set at the last low. After a BUY signal, the stop-loss is triggered if prices decline instead of rising and either close below the stop-loss level or record two consecutive daily lows below it, without any bearish pattern being detected.
Title
Pattern Performance in Stock Exchanges since 1/1/2022
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
TurkeyBIST 27431758112965.2263.118.001.016.99
Vietnam HNX 71342024459.1957.827.261.585.68
EgyptEGX 86054435264.8863.086.531.105.43
JapanNSE 120643954.1760.005.790.934.86
IndiaNSE 139208924513565.1656.625.381.224.16
CanadaCSE 52428113254.0146.647.543.444.10
IndiaBSE 2410915052810663.3553.085.511.434.09
PakistanPSX 1887121265165.5552.635.371.334.05
USNASDAQ 33285215281187266.1753.905.441.603.84
USOTC MARKETS 122797460349662.8245.327.023.183.84
CanadaTSXV 139479335257.6843.786.973.193.78
South KoreaKOSDAQ 139298863514564.5557.224.881.123.77
IndonesiaIDX 2153126265059.1351.065.051.333.72
Vietnam HOSE 26781729103864.7959.834.611.023.58
Hong KongHKEX 100215963296760.3349.074.961.633.34
Poland GPW 3256190496159.1849.874.871.543.33
PhilippinesPSE 92745424449.6253.044.441.193.25
TaiwanTPEx 46872769151759.6554.264.271.043.23
KuwaitBOURSA KUWAIT 55534218662.5253.604.281.073.21
ChinaSZSE 37273248181445067.8857.114.180.973.21
The WorldWORLD MARKETS 41670626828614942965.9454.384.301.143.15
IsraelTASE 26901820110469.6358.944.060.963.10
BangladeshDSE 172699452258.2351.944.281.282.99
ArgentinaBCBA 113878042671.5352.334.511.562.95
NorwayOSE 2255134769761.8250.004.291.402.89
ChinaSSE 31385207241187767.1956.323.710.902.81
SwedenOMX STOCKHOLM 63693884198161.8650.284.341.582.76
Greece ATHEX 49832716566.2750.003.821.102.72
South KoreaKRX 105136812393065.9856.663.600.892.71
DenmarkOMX COPENHAGEN 108468535964.3951.433.811.122.69
MalaysiaBURSA MALAYSIA 2782159079657.8449.474.061.412.65
SpainBME 113470738462.8753.863.641.012.63
QatarQE 32221312066.4656.073.190.642.55
PortugalLISBON 2171437568.2050.683.180.692.49
BrazilBOVESPA 49303160171265.6252.923.511.042.47
Saudi ArabiaTADAWUL 2135131674162.3455.673.240.782.46
ChileBCS 2681689663.8156.143.100.702.40
Austria WIENERBÖRSE 97466737069.8254.413.411.042.37
TaiwanTWSE 68584133229861.0254.913.260.912.35
USNYSE 35556244921421070.1456.983.270.932.34
USAMEX 48733217181767.7455.043.451.112.34
UAEDFM-ADX 39922810157.6443.913.371.042.32
CanadaTSX 94496203343366.6354.533.260.992.28
UKLSE 128188557465368.4453.043.341.172.17
JapanTSE 29067188681036965.8354.193.131.032.09
ThailandSET 41072329109557.0746.723.261.212.04
FrancePARIS 59193715194464.1251.233.041.051.98
BelgiumBRUSSELS 82350027761.3654.852.760.871.89
SingaporeSGX 74940719854.8748.182.971.091.88
MexicoBMV 137992645568.8247.953.341.491.86
ItalyMILAN 72994923260369.4851.332.781.011.77
AustraliaASX 53123202161961.4349.623.261.521.74
GermanyXETRA 139569527519669.4453.622.350.871.48
SwitzerlandSIX 34482318123568.6252.202.230.881.34
NetherlandsAMSTERDAM 2221147883367.6755.422.180.851.33
JapanFSE 35201057.1450.002.060.841.21
JordanASE 158863854.4344.192.552.110.44
Patterns Total: The number of occurrences of this particular pattern during the specified period.
Confirmed Total: The number of detected patterns that were confirmed and converted into signals.
Profitable Signals: The number of confirmed patterns that resulted in profitable trades.
Confirmation %: The percentage of confirmed patterns relative to the total occurrences of this pattern.
Profitable Signal %: The percentage of successful confirmed patterns relative to the total confirmed patterns.
Per Trade Profit %: Total Profits divided by Total Trades.
Per Trade Loss %: Total Losses divided by Total Trades.
Per Trade Net%: (Total Profits minus Total Losses) divided by the Total Number of Trades.
Samples: Live sample ticker symbols from stock exchanges, with links to the related bulls.com© family websites’ stock pages.

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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