BULLISH BELT HOLD
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 buying decisions.
BULLISH BELT HOLD
Definition
Bullish Belt Hold is a single candlestick pattern, basically, a White Opening Marubozu that occurs in a downtrend. It opens on the low of the day, and then a rally begins during the day against the overall trend of the market, which eventually stops with a close near the high, leaving a small shadow on top of the candle. If longer bodies characterize the Belt Hold, then the resistance they offer against the trend will be even much stronger.
Recognition Criteria
1. The market is characterized by a prevailing downtrend.
2. The market gaps down and opens at its low, and closes near to the high of the day.
3. A long white body that has no lower shadow (a White Opening Marubozu) is observed.
Pattern Requirements and Flexibility
A White Opening Marubozu or a White Marubozu (with no upper or lower shadow) should be seen in a Bullish Belt Hold, and it should open lower than the two preceding black candlesticks.
Trader’s Behavior
The market opens lower with a significant gap in the direction of the prevailing downtrend. So, the first impression reflected in the opening price is the continuation of the downtrend. However, after the market opening, things change rapidly and the market moves in the opposite direction from there on. This causes much concern among the short traders, leading to the covering of many positions, which could reverse the direction of the trend and start a rally for the bulls.
Buy/Stop Loss Levels
The confirmation level is defined as the last close. Prices should cross above this level for confirmation.

The stop loss level is defined as the last low. 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.
Title
Pattern Performance in Stock Exchanges since 1/1/2019
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
USOTCBB 332100.0066.6715.671.0014.67
BangladeshDSE 21150.00100.0012.000.0012.00
ThailandSET 111100.00100.0011.000.0011.00
OmanMSM 54280.0050.008.250.507.75
JapanFUKUOKA 32166.6750.001.520.141.38
USFOREX 221100.0050.000.500.000.50
ChinaSSE 12102274.880.220.050.000.05
The World 327311469967.140.450.050.010.04
TaiwanTWSE 9101161.870.180.040.000.04
AustraliaASX 3032168.980.480.030.000.02
Vietnam HOSE 5002157.400.350.010.010.00
NorwayOSE 1390059.710.000.000.000.00
NetherlandsAMSTERDAM 1690073.960.000.000.000.00
MalaysiaBURSA 1640057.930.000.000.000.00
MexicoBMV 1080071.300.000.000.000.00
UAEUAE 170070.590.000.000.000.00
Saudi ArabiaTADAWUL 1660070.480.000.000.000.00
QatarQE 290065.520.000.000.000.00
KuwaitKSE 240070.830.000.000.000.00
EgyptEGX 2090073.210.000.000.000.00
JordanASE 80050.000.000.000.000.00
South KoreaKOSDAQ 13560066.810.000.000.000.00
South KoreaKRX 12490057.330.000.000.000.00
JapanTOKYO 19280067.060.000.000.000.00
ItalyBORSA 6770070.310.000.000.000.00
IndiaNSE 13030064.240.000.000.000.00
IndiaNSE 110100.000.000.000.000.00
ChileBCS 250064.000.000.000.000.00
IndonesiaIDX 1770063.280.000.000.000.00
Hong KongHKEX 8100061.850.000.000.000.00
Greece ATHENS 410073.170.000.000.000.00
FrancePARIS 4260073.710.000.000.000.00
SpainIBEX 520055.770.000.000.000.00
DenmarkCOPENHAGEN 760060.530.000.000.000.00
GermanyXETRA 10820070.790.000.000.000.00
ChinaSZSE 18150075.810.000.000.000.00
SwitzerlandSIX 3550072.390.000.000.000.00
CanadaTSX 9040064.600.000.000.000.00
CanadaCSE 200055.000.000.000.000.00
CanadaTSX-V 380068.420.000.000.000.00
BrazilBOVESPA 1720068.020.000.000.000.00
BelgiumBRUSSELS 290068.970.000.000.000.00
Austria WIENERBORSE 250064.000.000.000.000.00
ArgentinaBUE 970069.070.000.000.000.00
BangladeshDSE 1800071.110.000.000.000.00
SingaporeSGX 590049.150.000.000.000.00
SwedenSTOCKHOLM 4140064.490.000.000.000.00
SwedenSTOCKHOLM 1000.000.000.000.000.00
RussiaMICEX 1000063.000.000.000.000.00
PortugalLISBON 90066.670.000.000.000.00
Poland GPW 1310058.780.000.000.000.00
PakistanKSE 3190066.770.000.000.000.00
PakistanKSE 1000.000.000.000.000.00
PhilippinesPSE 110100.000.000.000.000.00
TurkeyBIST 2740070.800.000.000.000.00
ThailandSET 2970054.880.000.000.000.00
JapanNAGOYA 130076.920.000.000.000.00
USOTC PINK 33280069.680.000.000.000.00
USNYSE 16580070.510.000.000.000.00
USNASDAQ 12590067.910.000.000.000.00
USAMEX 4380071.920.000.000.000.00
UKLSE 19130068.110.000.000.000.00
Vietnam HNX 1100062.730.000.000.000.00
USWARRANTS 390061.540.000.000.000.00
TaiwanGTSM 7241063.810.000.000.000.00
IndiaBSE 34471064.350.000.000.000.00
IsraelTASE 3794263.850.830.010.03-0.02
USPREFERRED 2502073.600.000.000.14-0.14
PhilippinesPSE 411051.220.000.000.37-0.37
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

Disclaimers:

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.

Candlesticker.com is an independent and free website and all the Services provided by Americanbulls.com LLC at Candlesticker.com are completely free of charge. Americanbulls.com LLC does not receive compensation by any direct or indirect means from the visitors and users of this website (or of any other bulls.com© family websites), and from the stocks, securities and other institutions or any underwriters or dealers associated with the broader national or international forex, commodity and stock markets.

You agree that Candlesticker.com and Americanbulls.com LLC its parent company, subsidiaries, affiliates, officers and employees shall not be liable for any direct, indirect, incidental, special or consequential damages.