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 23191382.6168.4214.530.4214.11
ChinaSSE 775100.0071.4311.430.8610.57
SpainIBEX 221100.0050.0010.501.509.00
Saudi ArabiaTADAWUL 32266.67100.
Hong KongHKEX 30191563.3378.957.740.846.89
IndiaBSE 69442963.7765.917.321.026.30
USAMEX 23191582.6178.956.210.116.11
IndiaNSE 30191363.3368.426.370.635.74
South KoreaKOSDAQ 31211867.7485.715.480.195.29
USNASDAQ 76523168.4259.625.620.834.79
CanadaTSX-V 62133.3350.004.501.003.50
AustraliaASX 26151357.6986.674.270.873.40
The World 121885653970.2862.974.230.873.37
ChinaSZSE 1614887.5057.144.711.862.86
JapanTOKYO 1441076374.3158.883.770.922.85
TurkeyBIST 106560.0083.333.000.172.83
USNYSE 1441127877.7869.643.080.292.79
BelgiumBRUSSELS 64366.6775.
UKLSE 51362170.5958.333.440.692.75
ItalyBORSA 46311667.3951.613.420.712.71
TaiwanGTSM 2013465.0030.773.541.382.15
BrazilBOVESPA 168350.0037.502.751.001.75
GermanyXETRA 68522876.4753.852.650.961.69
TaiwanTWSE 3020966.6745.002.200.751.45
FrancePARIS 29201168.9755.002.551.101.45
CanadaTSX 48301962.5063.331.930.631.30
USOTC PINK 45301566.6750.003.802.531.27
JordanASE 21150.00100.
IsraelTASE 87587.5071.432.291.291.00
IndonesiaIDX 85362.5060.001.400.401.00
SwedenSTOCKHOLM 117363.6442.860.860.710.14
SwitzerlandSIX 146242.8633.330.830.830.00
RussiaMICEX 64266.6750.001.501.500.00
UAEUAE 1000.
JapanNAGOYA 1000.
QatarQE 1000.
USPREFERRED 1411578.5745.451.181.27-0.09
NetherlandsAMSTERDAM 65383.3360.001.201.40-0.20
DenmarkCOPENHAGEN 110100.
MalaysiaBURSA 43175.0033.330.002.33-2.33
MexicoBMV 440100.
NorwayOSE 442100.0050.003.006.25-3.25
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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