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 61462775.4158.707.931.985.96
USOTCBB 77523367.5363.467.422.235.19
USWARRANTS 99774377.7855.845.951.094.86
Saudi ArabiaTADAWUL 96878655281.2070.234.810.594.22
USOTC PINK 112218122435672.5853.496.042.063.99
NorwayOSE 102572742771.7158.105.131.193.95
Hong KongHKEX 70294985293970.9258.964.791.023.76
ChinaSZSE 72685165326571.0663.214.460.763.70
UAEUAE 29422711877.2151.984.370.983.39
IndonesiaIDX 118584648771.3957.574.070.783.29
QatarQE 24216811369.4267.263.730.543.19
South KoreaKOSDAQ 53023884251773.2664.803.940.823.13
USNASDAQ 1679411842712870.6160.113.990.873.12
USAMEX 2250159593370.8458.533.970.903.07
EgyptEGX 80262137277.4359.904.271.213.05
ChinaSSE 49763417208168.6760.903.780.733.05
TaiwanGTSM 36802807178976.2863.733.650.603.05
BrazilBOVESPA 1653119974972.6662.363.790.753.04
OmanMSM 57432275.4451.163.720.703.02
Greece ATHENS 39829116373.1256.014.461.473.00
IndiaNSE 73055216314671.4060.313.880.922.96
SingaporeSGX 135699652673.4552.813.660.922.74
PortugalLISBON 23018812081.7463.833.921.262.66
IsraelTASE 1474107163372.8058.993.560.892.66
IndiaBSE 124858573494668.6757.693.951.302.65
TaiwanTWSE 49373763238976.2263.493.120.492.62
JapanFUKUOKA 2920968.9745.004.001.452.55
CanadaTSX-V 1323100647976.2747.475.082.602.48
TurkeyBIST 1667126876376.0660.173.100.652.45
SpainIBEX 69049629771.8859.883.100.762.34
The World 2191221582709040572.2657.093.240.932.31
UKLSE 102127249411671.0056.763.060.812.25
RussiaMICEX 94463735967.4856.362.970.772.20
South KoreaKRX 55323923237770.9160.592.920.762.17
SwedenSTOCKHOLM 26711827104568.4057.203.131.002.13
ItalyBORSA 54443982227673.4056.962.700.702.00
MexicoBMV 94265238169.2158.442.670.701.97
CanadaTSX 83906172328573.6553.162.670.761.91
AustraliaASX 44193287170874.3851.963.171.271.90
ArgentinaBUE 1791206167.0450.833.311.521.79
MalaysiaBURSA 2505179791671.7450.973.101.321.77
JapanTOKYO 1946114063769372.2654.702.630.911.73
BelgiumBRUSSELS 67046526669.4057.202.410.691.72
FrancePARIS 42633183182474.6957.292.350.681.67
USNYSE 25489187041030873.3855.112.340.711.63
Austria WIENERBORSE 24118510876.7658.382.110.561.56
DenmarkCOPENHAGEN 62042122067.9052.262.450.941.51
GermanyXETRA 72475331283273.5653.122.130.781.35
NetherlandsAMSTERDAM 131693446770.9750.001.830.701.13
KuwaitKSE 2972168572.7339.352.691.571.13
SwitzerlandSIX 2507185992974.1549.971.720.651.07
JordanASE 2291726775.1138.952.301.330.97
FOREXFOREX 98744575.5160.811.220.270.95
TurkeyBIST 59423071.1971.431.070.170.90
USAMEX 1641116667.6859.460.990.090.90
JapanNAGOYA 1581115470.2548.651.590.810.78
USPREFERRED 2354158972667.5045.690.920.350.57
Austria WIENERBORSE 42321676.1950.000.780.250.53
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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