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 five candlestick pattern that starts with three strong black candlesticks. The downtrend continues with the fourth lower close. The next day gaps higher and closes much higher than the previous day or two. This may imply a bullish reversal.
Recognition Criteria
1. The market is characterized by a prevailing downtrend.
2. Three strong black candlesticks occur much like the Three Black Crows pattern.
3. The fourth black candlestick closes also lower but has a long upper shadow.
4. The fifth day is a strong white with an open above the previous day’s body.
Pattern Requirements and Flexibility
The first three days of the Bullish Ladder Bottom are strong black candlesticks with consecutive lower opens and lower closes. The fourth day is a short black candlestick, but it opens higher and trades higher, leaving a long upper shadow, then closes making a new low. The fifth day is a strong white candlestick that makes a body gap with the fourth day.
Trader’s Behavior
There is a considerable downtrend for some time and the bears are happy. Then we see a good downward move. Prices start trading above the opening price and almost reaching to the new high of the previous day, but then they close at another new low. This action is a warning for shorts telling them that the market will not go down forever. The shorts may then be forced to reevaluate their positions and they may start closing their positions on the next day if profits are good. This act is the reason behind the upward gap we see on the last day of the pattern and also the close is considerably higher. If the volume is high on the last day, a trend reversal has probably occurred. However, a confirmation will still be required on the next day.
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)
SingaporeSGX 31133.33100.0028.000.0028.00
South KoreaKRX 26201380.7761.9013.140.4812.67
TurkeyBIST 128766.6787.5011.750.1311.63
SpainIBEX 32166.6750.0010.501.509.00
ChinaSSE 10106100.0060.008.200.807.40
Hong KongHKEX 35221762.8677.276.860.736.14
SingaporeSGX 111100.00100.
IndiaBSE 85563765.8866.076.700.865.84
Saudi ArabiaTADAWUL 43275.0066.675.330.005.33
USNASDAQ 83583769.8863.796.000.695.31
USAMEX 23181478.2677.785.330.115.22
IndiaNSE 34231567.6565.225.700.615.09
South KoreaKOSDAQ 38262168.4280.774.920.384.54
CanadaTSX-V 62133.3350.004.501.003.50
The World 139097261870.0063.514.160.813.35
JapanTOKYO 1571136871.9760.184.140.883.26
ItalyBORSA 58351960.3454.293.490.632.86
BelgiumBRUSSELS 64366.6775.
UKLSE 54382270.3757.893.450.762.68
USNYSE 1511168276.8270.692.900.292.60
AustraliaASX 33181554.5583.333.561.062.50
CanadaTSX 55342261.8264.712.680.562.12
TaiwanGTSM 2315665.2240.
GermanyXETRA 81633677.7857.142.940.902.03
BrazilBOVESPA 168350.0037.502.751.001.75
ChinaSZSE 26231388.4656.523.431.831.61
USPREFERRED 139669.2366.671.670.111.56
TaiwanTWSE 38251265.7948.002.080.681.40
FrancePARIS 42311973.8161.292.160.811.35
USOTC PINK 48301462.5046.673.632.531.10
JordanASE 21150.00100.
IsraelTASE 98688.8975.
IndonesiaIDX 96366.6750.001.170.670.50
SwitzerlandSIX 157346.6742.861.140.710.43
SwedenSTOCKHOLM 117363.6442.860.860.710.14
RussiaMICEX 64266.6750.001.501.500.00
RussiaMICEX 111100.00100.
UAEUAE 1000.
JapanNAGOYA 1000.
QatarQE 1000.
UKLSE 110100.
NetherlandsAMSTERDAM 129475.0044.441.001.11-0.11
NorwayOSE 663100.0050.002.504.33-1.83
DenmarkCOPENHAGEN 110100.
MalaysiaBURSA 43175.0033.330.002.33-2.33
MexicoBMV 440100.
ArgentinaBUE 110100.
Austria WIENERBORSE 110100.
Greece ATHENS 21050.000.000.0052.00-52.00
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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