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 56422675.0061.9018.812.4316.38
USOTCBB 48281458.3350.0011.211.649.57
ArgentinaBUE 28922816778.8973.2510.160.639.54
JapanSAPPORO 129975.00100.009.330.009.33
IndiaBSE 138609301586467.1163.056.861.025.84
IndiaNSE 91586248409568.2265.546.360.785.58
USWARRANTS 93744879.5764.865.990.885.11
ChinaSZSE 116209212624779.2867.815.810.725.09
CanadaTSX-V 92765029870.8745.367.552.614.95
Hong KongHKEX 71655092297571.0758.425.971.034.94
South KoreaKOSDAQ 67124790296671.5061.805.660.854.81
IndonesiaIDX 114076844867.3758.335.410.904.51
ChinaSSE 81516506432079.8266.404.940.674.27
RussiaMICEX 104074343071.4457.874.930.764.17
KuwaitKSE 1951507176.9247.335.471.533.93
USOTC PINK 93216672321571.7248.095.761.833.93
NorwayOSE 101470941970.8158.364.861.033.83
TaiwanGTSM 34462352142668.2560.634.440.723.72
Saudi ArabiaTADAWUL 85260238970.6664.624.130.493.64
TurkeyBIST 1885131583069.7663.124.350.733.62
BrazilBOVESPA 1921135987671.0064.224.210.713.50
South KoreaKRX 67414746291470.4261.394.090.633.46
DenmarkCOPENHAGEN 69148931770.7764.833.940.563.38
SwedenSTOCKHOLM 30662187133671.4960.954.070.773.30
JordanASE 1661176170.4852.
QatarQE 2071629578.2658.643.800.693.11
EgyptEGX 67848324971.2451.554.331.233.10
JapanNAGOYA 24918511574.3062.163.570.513.06
JapanFUKUOKA 38322584.2178.
USNASDAQ 1829112691767769.4160.473.730.772.97
USAMEX 2289157491268.7657.943.810.882.94
The World 25870718808011217272.7259.623.630.722.91
IsraelTASE 1532109370071.3464.043.610.722.90
PortugalLISBON 2111458768.7260.003.610.732.88
JapanTOKYO 23810176811054474.2859.613.540.732.81
UAEUAE 2171619574.1959.013.700.892.81
MalaysiaBURSA 2211160383972.5052.343.791.002.79
SpainIBEX 83759336770.8561.893.450.762.70
TaiwanTWSE 48013392207670.6561.203.140.582.56
Greece ATHENS 36824913367.6653.413.711.302.42
Austria WIENERBORSE 31522915572.7067.692.760.362.40
AustraliaASX 45803365184473.4954.783.050.872.18
UKLSE 119688575500871.6758.382.800.652.15
OmanMSM 37301781.0856.673.101.002.10
MexicoBMV 123989148371.9154.212.660.681.98
BelgiumBRUSSELS 83159835971.9660.032.490.521.96
FrancePARIS 58564384264774.8660.382.430.531.90
Austria WIENERBORSE 65463070.7765.221.960.131.83
ItalyBORSA 68215066297474.2758.712.410.591.82
CanadaTSX 90396653366673.6055.102.400.581.82
GermanyXETRA 97077306427075.2758.452.090.561.53
SingaporeSGX 119786540172.2646.362.490.981.51
NetherlandsAMSTERDAM 1964141982472.2558.071.930.501.43
USNYSE 30276221251261073.0856.991.950.541.41
TurkeyBIST 91674373.6364.181.480.331.15
SwitzerlandSIX 34512608138975.5753.261.570.501.06
FOREXFOREX 114855474.5663.531.210.191.02
USPREFERRED 31502202105269.9047.770.750.320.43
USAMEX 124804064.5250.000.510.130.39
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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