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 41332080.4960.6116.972.3014.67
ArgentinaBUE 25219414178.9770.8510.490.609.89
JapanSAPPORO 129975.00100.009.330.009.33
USOTCBB 44271361.3648.158.301.526.78
IndiaBSE 122478202511366.9762.346.871.085.79
IndiaNSE 80135445352467.9564.726.380.815.57
ChinaSZSE 105538416575079.7568.326.120.735.39
CanadaTSX-V 82158127871.0147.687.772.545.23
South KoreaKOSDAQ 60794336270671.5462.225.880.855.04
Hong KongHKEX 64124534262970.7657.956.061.074.99
USWARRANTS 82654479.2767.695.720.754.97
ChinaSSE 73555891397780.1067.515.240.674.57
IndonesiaIDX 101967739866.4458.795.180.914.27
RussiaMICEX 96669840172.2657.454.940.774.18
NorwayOSE 90463337570.0259.245.271.114.16
USOTC PINK 81525813274771.4947.135.671.893.78
Saudi ArabiaTADAWUL 76954736071.1365.814.220.483.74
TaiwanGTSM 30762076125867.4960.604.430.743.69
South KoreaKRX 60264213261069.9161.954.310.653.66
TurkeyBIST 1669116973970.0463.224.320.713.61
JordanASE 142985069.0151.024.560.993.57
BrazilBOVESPA 1713119976670.4663.464.200.733.47
JapanFUKUOKA 37302281.0873.333.670.303.37
SwedenSTOCKHOLM 26941910115970.9060.684.140.773.36
KuwaitKSE 1711346578.3648.514.831.493.34
QatarQE 1971518776.6557.623.970.703.26
DenmarkCOPENHAGEN 60542427270.0864.153.820.583.24
JapanNAGOYA 22016710075.9159.883.600.503.11
USNASDAQ 1631011260681869.1760.433.770.783.00
UAEUAE 2001478873.5059.863.850.882.97
The World 2304511667639905072.4059.363.670.742.94
USAMEX 2020137078767.8257.453.840.932.91
IsraelTASE 129592158271.2763.063.640.742.90
JapanTOKYO 2129515782940074.1159.563.560.742.82
PortugalLISBON 1891317869.3159.543.270.752.52
SpainIBEX 71649329168.8559.033.310.802.51
EgyptEGX 60442420670.2048.583.771.282.49
TaiwanTWSE 43173035184670.3060.823.050.602.45
MalaysiaBURSA 1958139971371.4550.963.391.052.34
AustraliaASX 41283021167273.2155.333.120.902.22
Austria WIENERBORSE 28520313871.2367.982.560.352.21
UKLSE 105727515437371.1158.172.840.672.17
Austria WIENERBORSE 58402768.9767.502.230.152.08
BelgiumBRUSSELS 75454032671.6260.372.530.541.99
OmanMSM 36291680.5655.172.971.031.93
FrancePARIS 51533794224573.6359.172.440.571.88
CanadaTSX 81165948325173.3654.602.410.591.81
MexicoBMV 110979443271.6054.412.420.671.75
ItalyBORSA 60164454258474.0957.982.360.611.74
Greece ATHENS 32521710967.3849.773.101.421.68
GermanyXETRA 85216352367874.5657.892.100.591.52
USNYSE 27362199201127172.8256.571.980.561.42
NetherlandsAMSTERDAM 1749125771971.8757.201.920.531.39
SingaporeSGX 108078235672.4145.522.411.021.38
TurkeyBIST 84614172.6267.211.620.301.33
FOREXFOREX 100744674.0062.161.260.191.07
SwitzerlandSIX 29952229116474.4252.221.530.521.01
USPREFERRED 2876198194368.8847.600.750.310.43
USAMEX 102642962.7545.310.560.140.42
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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