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 decisions.
This is not a standard candlestick pattern. It is simply the stop loss compliment of all the confirmed bearish patterns. The conditions for the activation of the Bullish stop loss are two consecutive highs or a close above the stop loss level of a recently confirmed bearish pattern.
Recognition Criteria
1. A bearish pattern is detected, and its confirmation and stop loss levels are established.
2. The pattern, then, is confirmed and a SELL or SHORT signal is issued.
3. Prices either close once above the stop loss level, or test highs above the stop loss level in two consecutive days.
4. The Bullish stop loss is triggered.
Pattern Requirements and Flexibility
All bearish candlesticks are accompanied by a specific stop loss level, which becomes active when the pattern is confirmed. A bearish confirmation consequently may lead to a bearish signal such as a SELL or SHORT signal. Following the bearish signal, if prices go up instead of going down, and close or make two consecutive daily highs above the stop loss level, while no bullish pattern is detected, then the stop loss is triggered. Once triggered, the stop loss level of the recently confirmed bearish pattern starts acting as the confirmation level of a bullish pattern itself. The system then seeks a bullish confirmation to issue a BUY signal. Prices must cross above the stop loss level for the bullish confirmation of the triggered stop loss.
Trader’s Behavior
In the chaotic environment of the stock market, it is hard to claim that all bearish bets will be successful. Most bearish bets based on confirmed candlestick patterns will be profitable though. However, some candlestick patterns may lead to false trades, some of which are bear traps. This is exactly where the stop loss comes into the picture. It serves as a safety valve for the bears cutting the potentially devastating losses to a minimum level. According to the statistics, the trades based on the Bullish stop loss confirmations are as successful as the other candlestick pattern based signals. If confirmed, they should never be avoided.
Buy/Stop Loss Levels
The confirmation level is defined as the stop loss level of the recently confirmed bearish candlestick pattern. Prices should cross above this level for confirmation of the Bullish stop loss.
Pattern Performance in Stock Exchanges since 1/1/2014
Stock Exchange
Per Trade
Total Net%(Descending)
CanadaCSE 42312173.8167.7420.062.1617.90
ArgentinaBUE 27121715980.0773.2710.380.599.78
JapanSAPPORO 129975.00100.009.330.009.33
USOTCBB 46271358.7048.158.331.706.63
IndiaBSE 131988812552166.7762.656.841.055.79
IndiaNSE 86805895384067.9165.146.330.795.54
USWARRANTS 90724880.0066.676.150.745.42
ChinaSZSE 112939017613079.8567.985.850.725.13
CanadaTSX-V 86861828671.2046.287.692.635.06
Hong KongHKEX 69434934287071.0658.175.961.044.92
South KoreaKOSDAQ 64324606284971.6161.855.760.864.90
IndonesiaIDX 108673042667.2258.365.390.894.50
ChinaSSE 78506272418179.9066.664.960.674.30
NorwayOSE 97968840670.3858.935.271.114.16
RussiaMICEX 100371841071.5957.104.900.754.15
KuwaitKSE 1911467076.4447.955.601.574.03
USOTC PINK 88606348305771.7448.105.711.833.88
Saudi ArabiaTADAWUL 82257937870.4465.284.220.473.74
TaiwanGTSM 33272273138368.3260.844.450.723.73
South KoreaKRX 64444511277170.0061.434.270.653.62
TurkeyBIST 1803126880070.3363.094.320.733.59
BrazilBOVESPA 1839130283971.2364.054.240.713.54
JapanFUKUOKA 39332584.6275.763.610.273.33
SwedenSTOCKHOLM 29182069125370.9060.564.040.783.25
JordanASE 1581105669.6250.914.271.033.25
QatarQE 2051619578.5459.013.830.683.14
DenmarkCOPENHAGEN 65846529970.6764.303.710.573.14
JapanNAGOYA 24718411374.4961.413.590.553.04
USAMEX 2206150486968.1857.783.880.892.99
USNASDAQ 1769812249738969.2560.293.730.772.96
The World 24813718004510712472.5759.493.640.722.91
PortugalLISBON 2051408468.2960.003.580.742.84
EgyptEGX 64745722770.6349.674.081.252.83
IsraelTASE 1451102865070.8563.233.560.742.82
JapanTOKYO 23001170861015474.2859.433.550.742.81
UAEUAE 2081549074.0458.443.700.892.81
MalaysiaBURSA 2103152578872.5251.673.701.012.69
SpainIBEX 79055634170.3861.333.440.772.67
TaiwanTWSE 46403292201270.9561.123.130.582.54
Austria WIENERBORSE 30422114872.7066.972.710.372.34
AustraliaASX 43883215176073.2754.743.100.902.20
UKLSE 114088158475171.5358.222.830.662.17
BelgiumBRUSSELS 79857334771.8060.562.510.531.97
Greece ATHENS 34222811766.6751.323.301.331.97
Austria WIENERBORSE 61432970.4967.442.090.141.95
OmanMSM 36291680.5655.172.971.031.93
FrancePARIS 56094152248474.0659.802.400.541.86
CanadaTSX 87356419353173.5454.972.400.591.81
ItalyBORSA 65264821281774.0058.342.390.601.79
MexicoBMV 118584946071.6554.182.420.681.74
SingaporeSGX 115783738972.3446.482.590.991.60
GermanyXETRA 92376896402474.6658.352.090.571.52
USNYSE 29146212561211072.9356.971.960.551.42
NetherlandsAMSTERDAM 1877135578772.1958.081.920.511.41
TurkeyBIST 87644173.5664.061.550.341.20
FOREXFOREX 106774972.6463.641.250.191.05
SwitzerlandSIX 32892467130275.0152.781.520.511.00
USPREFERRED 2997207298569.1447.540.740.320.42
USAMEX 119753763.0349.330.520.120.40
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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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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