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 41302173.1770.0020.832.2318.60
ArgentinaBUE 25920615179.5473.3010.830.6110.23
JapanSAPPORO 129975.00100.009.330.009.33
CanadaTSX-V 83659829171.5348.668.422.575.85
USWARRANTS 87704880.4668.576.540.735.81
IndiaBSE 126798497532467.0262.666.871.075.80
IndiaNSE 83545681370368.0065.186.370.805.57
USOTCBB 40231057.5043.487.171.875.30
ChinaSZSE 108778671590479.7268.095.990.725.27
South KoreaKOSDAQ 62194452276671.5962.135.830.864.97
Hong KongHKEX 67014774277571.2458.135.971.044.92
ChinaSSE 75786056407079.9267.215.110.664.45
IndonesiaIDX 104770041066.8658.575.230.894.34
KuwaitKSE 1801406977.7849.295.811.484.34
RussiaMICEX 97369740071.6357.394.980.764.23
NorwayOSE 95066339469.7959.435.241.104.14
USOTC PINK 84596064288571.7647.535.741.873.88
TaiwanGTSM 31902175133168.1861.204.450.723.73
Saudi ArabiaTADAWUL 81157337570.6565.454.180.483.70
TurkeyBIST 1738121976770.1462.924.340.713.63
South KoreaKRX 62024331267169.8361.674.230.653.58
BrazilBOVESPA 1784127782171.5864.294.250.713.54
SwedenSTOCKHOLM 28111999122171.1161.084.120.763.36
JordanASE 1511045368.8750.964.331.043.29
JapanNAGOYA 23317710775.9760.453.710.473.24
JapanFUKUOKA 40322480.0075.003.500.283.22
DenmarkCOPENHAGEN 63544828770.5564.063.790.573.22
QatarQE 2021579277.7258.603.860.693.17
USNASDAQ 1698211819717269.6060.683.750.772.98
PortugalLISBON 1951368369.7461.033.690.732.96
USAMEX 2110144383568.3957.873.840.892.95
The World 23832017299210321472.5959.663.670.732.94
IsraelTASE 135797161571.5563.343.650.742.91
UAEUAE 2051529074.1559.213.750.872.88
JapanTOKYO 2209216404981074.2559.803.560.732.83
EgyptEGX 61743321170.1848.733.971.282.69
SpainIBEX 75052231269.6059.773.450.812.64
TaiwanTWSE 44843174194270.7961.183.110.592.52
MalaysiaBURSA 2031146375672.0351.673.491.032.46
Austria WIENERBORSE 29821614772.4868.062.710.362.35
AustraliaASX 42313089170573.0155.203.140.902.24
UKLSE 109317790456271.2758.562.860.662.21
Austria WIENERBORSE 61412767.2165.852.170.152.02
BelgiumBRUSSELS 77655533271.5259.822.500.531.97
OmanMSM 36291680.5655.172.971.031.93
FrancePARIS 53713968235673.8859.382.420.551.87
Greece ATHENS 32621210765.0350.473.241.391.85
CanadaTSX 83576152339673.6155.202.430.591.84
ItalyBORSA 62494609267373.8857.892.370.601.76
MexicoBMV 113581444171.7254.182.400.681.72
GermanyXETRA 88406597383274.6358.092.110.571.54
SingaporeSGX 111781137672.6146.362.451.011.44
USNYSE 27922204221170273.1457.301.980.551.43
NetherlandsAMSTERDAM 1812130675072.0857.431.920.521.41
TurkeyBIST 87644173.5664.061.550.341.20
FOREXFOREX 102754773.5362.671.250.201.05
SwitzerlandSIX 31352345124674.8053.131.540.501.04
USPREFERRED 2890200095269.2047.600.760.320.44
USAMEX 109693163.3044.930.540.130.41
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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