BULLISH STOP LOSS
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.
BULLISH STOP LOSS
Definition
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.
Title
Pattern Performance in Stock Exchanges since 1/1/2014
Country
Stock Exchange
Website
Patterns
Total
Confirmed
Total
Profitable
Signals
Confirmation
%
Profitable
Signal%
Per Trade
Samples
Profit%
Loss%
Total Net%(Descending)
CanadaCSE 57442577.1956.8219.952.8617.09
JapanSAPPORO 129975.00100.009.330.009.33
ArgentinaBUE 29123517580.7674.479.210.528.69
PakistanKSE 139198365870.6766.946.480.755.73
USWARRANTS 81643979.0160.946.450.915.55
IndiaBSE 130648625531666.0261.636.261.065.20
ChinaSZSE 104888237560078.5467.995.840.735.11
Hong KongHKEX 67694802280470.9458.395.901.024.87
South KoreaKOSDAQ 63334549283971.9662.305.720.874.85
IndiaNSE 85765768369667.3963.965.590.794.80
Vietnam HNX 47436521377.0058.365.891.174.72
CanadaTSX-V 94166230170.3545.477.452.854.60
Poland GPW 1902137389372.1965.045.310.744.57
ChinaSSE 77846208410879.7566.174.900.684.22
JapanFUKUOKA 49372975.5178.384.410.224.19
Greece ATHENS 35624714469.3858.305.321.154.17
USOTC PINK 87686253303471.3348.515.941.824.12
TurkeyBIST 1858128481769.1163.634.700.694.00
RussiaMICEX 102272842571.2358.384.750.763.99
NorwayOSE 103073243471.0759.294.901.073.84
IndonesiaIDX 108271640366.1756.284.790.963.84
TaiwanGTSM 33382286138968.4860.764.330.713.62
Vietnam HOSE 100174642474.5356.844.701.133.57
BrazilBOVESPA 1808128381470.9663.454.380.823.57
SwedenSTOCKHOLM 30642178131971.0860.564.360.803.56
PhilippinesPSE 66944825567.5656.424.260.783.48
Saudi ArabiaTADAWUL 81457136470.1563.753.980.563.43
BangladeshDSE 140795755768.0258.204.370.963.41
EgyptEGX 61743823270.9952.974.571.213.36
UAEUAE 2071538873.9157.524.090.763.33
JordanASE 1461004968.4949.004.341.033.31
DenmarkCOPENHAGEN 66146929970.9563.753.840.543.30
South KoreaKRX 65214606279770.6360.733.940.653.29
JapanNAGOYA 24217310771.4961.853.750.453.29
KuwaitKSE 1951506876.9245.334.781.573.21
USAMEX 2146147285168.5957.813.990.853.14
QatarQE 1681308277.3863.083.670.593.08
USNASDAQ 1755912131734669.0960.563.720.772.95
PortugalLISBON 2061478571.3657.823.730.792.95
IsraelTASE 1516106868370.4563.953.610.712.90
The World 25696818592811035772.3759.343.600.722.87
JapanTOKYO 22924169591012073.9859.673.600.732.87
ThailandSET 1956136171969.5852.833.830.972.86
SpainIBEX 78555934171.2161.003.460.732.73
ChileBCS 28718712965.1668.982.910.252.66
MalaysiaBURSA 2007147676173.5451.563.651.002.64
Austria WIENERBORSE 51382374.5160.532.820.182.63
TaiwanTWSE 46573281199370.4560.743.120.582.54
ItalyBORSA 56422575.0059.522.710.192.52
FrancePARIS 56422575.0059.522.710.192.52
Austria WIENERBORSE 30822115671.7570.592.860.352.50
Greece ATHENS 55422476.3657.142.600.192.40
BelgiumBRUSSELS 77855934571.8561.722.920.532.38
ArgentinaBUE 80634278.7566.672.620.272.35
AustraliaASX 44073258177073.9354.333.170.882.29
GermanyXETRA 55402472.7360.002.400.182.23
UKLSE 116578419491472.2258.372.820.642.17
PortugalLISBON 59452776.2760.002.310.222.09
MexicoBMV 115080643570.0953.972.730.712.02
NetherlandsAMSTERDAM 58442575.8656.822.180.201.98
BelgiumBRUSSELS 58442575.8656.822.180.201.98
FrancePARIS 56604211252074.4059.842.440.541.90
SpainIBEX 70533475.7164.152.020.151.87
CanadaTSX 82696048331273.1454.762.450.611.84
ItalyBORSA 65394788277673.2257.982.460.611.84
CanadaTSX 84674479.7665.671.810.131.67
GermanyXETRA 87526573382275.1458.122.090.531.56
BrazilBOVESPA 92674272.8362.691.810.271.54
SingaporeSGX 108676434870.3545.552.510.981.53
RussiaMICEX 87644273.5665.631.860.381.48
NetherlandsAMSTERDAM 1864133075671.3556.841.900.521.38
USNYSE 28763208711181872.5856.611.940.561.38
MexicoBMV 96734476.0460.271.710.341.37
UKLSE 95775181.0566.231.350.141.21
TurkeyBIST 69512973.9156.861.710.511.20
ChileBCS 71462964.7963.041.390.201.20
JapanTOKYO 70513572.8668.631.330.161.18
FOREXFOREX 124946075.8163.831.340.211.13
IsraelTASE 59422671.1961.901.260.141.12
AustraliaASX 64473273.4468.091.340.261.09
SwitzerlandSIX 32682451131875.0053.771.530.491.04
Vietnam HOSE 90644371.1167.191.170.161.02
NorwayOSE 75553173.3356.361.200.220.98
Poland GPW 67472870.1559.571.190.210.98
OmanMSM 29241282.7650.002.041.080.96
DenmarkCOPENHAGEN 69452665.2257.781.200.240.96
MalaysiaBURSA 75553173.3356.361.050.160.89
ThailandSET 82613574.3957.381.050.160.89
ChinaSSE 99683968.6957.351.030.180.85
PakistanKSE 89573164.0454.391.040.190.84
SwedenSTOCKHOLM 85623472.9454.841.050.260.79
PeruBVL 63412765.0865.850.950.170.78
South KoreaKOSDAQ 80634478.7569.840.940.170.76
TaiwanGTSM 66412462.1258.540.880.150.73
Hong KongHKEX 76593477.6357.630.930.200.73
PhilippinesPSE 62442670.9759.090.840.110.73
UAEUAE 1571045666.2453.850.860.150.70
SingaporeSGX 86633473.2653.970.870.220.65
BangladeshDSE 76483063.1662.500.730.080.65
IndonesiaIDX 79582973.4250.000.780.190.59
SwitzerlandSIX 86563265.1257.140.680.250.43
IndiaNSE 95502752.6354.000.660.240.42
USPREFERRED 3000212197170.7045.780.730.320.41
USFOREX 150964664.0047.920.540.160.39
USOTCBB 115145.4520.001.403.40-2.00
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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