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 60462876.6760.8718.222.5415.67
JapanSAPPORO 129975.00100.009.330.009.33
ArgentinaBUE 30024117780.3373.449.810.619.20
USOTCBB 36211158.3352.389.901.718.19
IndiaBSE 141069443594066.9462.906.811.025.79
IndiaNSE 93316339414067.9365.316.270.785.50
USWARRANTS 88714780.6866.206.040.795.25
ChinaSZSE 117469304630379.2167.755.780.725.05
Hong KongHKEX 73245214305271.1958.535.981.024.96
South KoreaKOSDAQ 68684921307271.6562.435.630.844.78
CanadaTSX-V 97268931870.8846.157.422.704.72
IndonesiaIDX 117679145667.2657.655.330.904.43
RussiaMICEX 106875843770.9757.655.020.774.25
ChinaSSE 83846673443579.5966.464.890.664.22
NorwayOSE 105374843971.0458.695.001.093.91
USOTC PINK 95886885330471.8247.985.661.833.83
KuwaitKSE 2011517075.1246.365.401.623.79
TaiwanGTSM 35612428147768.1860.834.470.713.75
TurkeyBIST 1959136886669.8363.304.430.713.72
Saudi ArabiaTADAWUL 87661939870.6664.304.060.503.57
South KoreaKRX 69764913303070.7061.444.110.623.49
SwedenSTOCKHOLM 31832278138671.5760.844.230.773.46
BrazilBOVESPA 1958139288671.0963.654.160.773.39
DenmarkCOPENHAGEN 70449932070.8864.133.870.543.33
JordanASE 1691196270.4152.
USAMEX 2340160793868.8058.263.960.853.12
QatarQE 2101649578.1057.933.760.683.07
JapanFUKUOKA 40332682.5078.793.240.183.06
EgyptEGX 70850426171.1951.794.271.243.04
JapanNAGOYA 25618911873.8362.433.480.492.98
USNASDAQ 1877913030785569.4460.243.710.772.95
The World 26569819325611505772.7559.523.610.712.89
JapanTOKYO 24511182271087274.3659.653.600.722.87
IsraelTASE 1588112772170.9763.983.570.712.86
PortugalLISBON 2181519069.2759.603.600.762.84
UAEUAE 2191639374.4357.063.630.852.78
MalaysiaBURSA 2251164085672.8652.203.781.012.77
Greece ATHENS 37625213667.0253.974.021.292.73
SpainIBEX 85761037571.1861.483.400.752.64
Austria WIENERBORSE 51382374.5160.532.820.182.63
TaiwanTWSE 49523515215270.9861.223.140.582.56
ItalyBORSA 56422575.0059.522.710.192.52
FrancePARIS 56422575.0059.522.710.192.52
Greece ATHENS 54412475.9358.542.660.202.46
Austria WIENERBORSE 33123716271.6068.352.760.362.41
GermanyXETRA 55402472.7360.002.400.182.23
AustraliaASX 46623423187573.4254.783.050.872.18
UKLSE 123748878522171.8058.772.760.642.12
ArgentinaBUE 80634278.7566.672.370.272.10
PortugalLISBON 59452776.2760.002.310.222.09
NetherlandsAMSTERDAM 58442575.8656.822.180.201.98
BelgiumBRUSSELS 58442575.8656.822.180.201.98
BelgiumBRUSSELS 84460736571.9260.132.470.521.95
MexicoBMV 127390548771.0953.812.630.691.94
FrancePARIS 60324508271174.7360.142.460.531.93
SpainIBEX 69533476.8164.
ItalyBORSA 69885188303074.2458.402.420.591.83
CanadaTSX 91876764370873.6354.822.390.591.80
CanadaTSX 82654279.2764.621.780.141.65
BrazilBOVESPA 88644172.7364.061.910.281.63
SingaporeSGX 122388241172.1246.602.530.981.55
GermanyXETRA 99547505437475.4058.282.090.561.53
MexicoBMV 92694375.0062.321.800.301.49
RussiaMICEX 77583975.3267.241.830.381.45
NetherlandsAMSTERDAM 1990143583572.1158.191.900.501.40
USNYSE 31226228531300773.1956.921.920.541.38
ChileBCS 62422867.7466.671.500.171.33
TurkeyBIST 67492973.1359.181.780.491.29
UKLSE 89755184.2768.001.350.151.20
AustraliaASX 60442973.3365.911.390.271.11
JapanTOKYO 66473271.2168.
SwitzerlandSIX 35412678141875.6352.951.540.511.03
FOREXFOREX 113845174.3460.711.260.241.02
NorwayOSE 72523072.2257.691.250.231.02
Vietnam HOSE 80573871.2566.671.180.181.00
Poland GPW 66462869.7060.871.220.221.00
IsraelTASE 50331966.0057.581.180.181.00
DenmarkCOPENHAGEN 66442666.6759.
OmanMSM 2015875.0053.332.071.071.00
PakistanKSE 76492764.4755.
ThailandSET 77563172.7355.361.110.180.93
MalaysiaBURSA 68502673.5352.
ChinaSSE 94643868.0959.381.060.190.88
SwedenSTOCKHOLM 83613473.4955.741.070.250.82
TaiwanGTSM 60372261.6759.460.920.140.78
PeruBVL 63412765.0865.850.950.170.78
South KoreaKOSDAQ 75594078.6767.800.970.190.78
Hong KongHKEX 68533077.9456.600.910.210.70
BangladeshDSE 71452963.3864.440.780.090.69
PhilippinesPSE 54382070.3752.630.820.130.68
SingaporeSGX 81603374.0755.000.900.220.68
UAEUAE 147964965.3151.040.840.170.68
IndonesiaIDX 72542775.0050.000.780.200.57
SwitzerlandSIX 77503064.9460.000.740.220.52
USPREFERRED 31782226105670.0447.440.750.310.44
IndiaNSE 90472552.2253.190.660.260.40
USFOREX 142934365.4946.240.480.160.32
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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