BEARISH 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.
BEARISH STOP LOSS
Definition
This is not a standard candlestick pattern. It is simply the stop loss compliment of all the confirmed bullish patterns. The conditions for the activation of the Bearish stop loss are two consecutive lows or a close below the stop loss level of a recently confirmed bullish pattern.
Recognition Criteria
1. A bullish pattern is detected, and its confirmation and stop loss levels are established.
2. The pattern, then, is confirmed and a BUY signal is issued.
3. Prices either close once below the stop loss level, or test lows below the stop loss level in two consecutive days.
4. The Bearish stop loss is triggered.
Pattern Requirements and Flexibility
All bullish candlesticks are accompanied by a specific stop loss level, which becomes active when the pattern is confirmed. A bullish confirmation consequently may lead to a bullish BUY signal. Following the BUY, if prices go down instead of going up, and close or make two consecutive daily lows below the stop loss level, while no bearish pattern is detected, then the stop loss is triggered. Once triggered, the stop loss level of the recently confirmed bullish pattern starts acting as the confirmation level of a bearish pattern itself. The system then seeks a bearish confirmation to issue a SELL or SHORT signal. Prices must cross below the stop loss level for the bearish confirmation of the triggered stop loss.
Trader’s Behavior
In the chaotic environment of the stock market, it is hard to claim that all bullish bets will be successful. Most bullish bets based on confirmed candlestick patterns will be profitable though. However, some candlestick patterns may lead to false trades, some of which are bull traps. This is exactly where the stop loss comes into the picture. It serves as a safety valve for the bulls cutting the potentially devastating losses to a minimum level. According to the statistics, the trades based on the Bearish stop loss confirmations are as successful as the other candlestick pattern based signals. If confirmed, they should never be avoided.
Sell/Stop Loss Levels
The confirmation level is defined as the stop loss level of the recently confirmed bullish candlestick pattern. Prices should cross below this level for the confirmation of the Bearish 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)
JapanSAPPORO 75471.4380.0010.000.0010.00
CanadaCSE 77583475.3258.627.662.095.57
USWARRANTS 108834776.8556.636.641.315.33
USOTCBB 80533466.2564.157.232.195.04
Saudi ArabiaTADAWUL 102082257780.5970.194.730.594.14
USOTC PINK 117078452451672.5153.205.992.053.95
ChinaSZSE 80125756375171.8465.174.660.723.94
NorwayOSE 106574443871.4657.565.001.073.94
Hong KongHKEX 73625236308771.1258.964.731.013.72
ChinaSSE 54333797240469.8963.314.030.693.34
UAEUAE 30823512176.3051.494.330.993.34
IndonesiaIDX 123688550871.6057.404.100.803.30
QatarQE 25818312570.9368.313.800.503.30
USNASDAQ 1726612175732070.5460.104.000.873.13
TaiwanGTSM 38432948189176.7164.153.670.593.07
USAMEX 2324164395770.7058.253.970.903.07
South KoreaKOSDAQ 54833979257972.7364.673.880.823.06
EgyptEGX 81262938077.4660.414.211.223.00
BrazilBOVESPA 1699122575972.3461.763.750.752.99
Greece ATHENS 40629616672.9156.084.441.462.99
IndiaNSE 75125352319771.2559.733.810.932.88
SingaporeSGX 1403102854273.2752.723.670.912.75
OmanMSM 60462276.6747.833.430.702.74
IsraelTASE 1522110065072.2759.093.630.912.73
PortugalLISBON 23519112181.2863.353.861.262.61
IndiaBSE 128138788502868.5957.213.891.302.58
JapanFUKUOKA 2619873.0842.114.111.532.58
TaiwanTWSE 51703948250976.3663.553.070.492.58
TurkeyBIST 1710129977475.9659.583.060.662.40
CanadaTSX-V 1428108452376.3347.984.992.622.37
SpainIBEX 71150530171.0359.603.110.752.36
The World 2278711647909416772.3657.113.230.922.31
UKLSE 106077546427571.1856.623.010.812.20
RussiaMICEX 97865736867.1856.012.930.762.18
South KoreaKRX 56874025241970.8160.072.840.752.10
SwedenSTOCKHOLM 27771891107268.2856.543.101.022.09
ItalyBORSA 56544167236773.7056.802.670.711.96
MexicoBMV 98468339969.4158.422.650.691.96
CanadaTSX 86766383341173.5753.442.670.751.92
AustraliaASX 45553389175574.4751.743.171.261.91
JapanTOKYO 2038114883820073.0555.072.650.911.75
BelgiumBRUSSELS 69448127369.3156.762.430.691.75
ArgentinaBUE 1891296668.2551.163.251.501.74
MalaysiaBURSA 2589185593771.6550.513.031.321.71
FrancePARIS 43883283187574.8257.112.350.691.66
USNYSE 26340192681057573.1554.892.310.711.60
Austria WIENERBORSE 24418710876.6457.752.090.561.53
KuwaitKSE 3052259673.7742.672.971.441.53
DenmarkCOPENHAGEN 63643122267.7751.512.410.951.45
GermanyXETRA 75485557293073.6252.732.100.781.32
NetherlandsAMSTERDAM 136797348871.1850.151.810.701.11
SwitzerlandSIX 2592191295373.7749.841.690.651.05
JordanASE 2361787175.4239.892.351.311.04
JapanNAGOYA 1611185973.2950.001.780.761.02
TurkeyBIST 59423071.1971.431.070.170.90
USAMEX 1691146867.4659.650.980.090.89
FOREXFOREX 105814977.1460.491.140.260.88
Austria WIENERBORSE 46362078.2655.560.970.220.75
USPREFERRED 2406161472867.0845.110.910.360.55
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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