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 1/1/2017
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
USWARRANTS 444100.00100.0042.250.0042.25
USOTCBB 332100.0066.6715.671.0014.67
ChinaSZSE 1274102685580.5383.3313.490.8812.61
BangladeshDSE 21150.00100.0012.000.0012.00
ChileBCS 168550.0062.5013.001.0012.00
South KoreaKOSDAQ 129990572869.6780.4412.190.5611.63
ThailandSET 111100.00100.0011.000.0011.00
ChinaSSE 82265855480.0584.1910.360.769.60
EgyptEGX 2261679173.8954.4910.331.448.89
South KoreaKRX 104564345861.5371.238.990.798.20
OmanMSM 54280.0050.008.250.507.75
TaiwanGTSM 82856236167.8764.237.640.976.67
TaiwanTWSE 108169948164.6668.816.990.796.20
USPREFERRED 30021612972.0059.727.551.446.11
TurkeyBIST 28719311967.2561.668.012.025.98
CanadaCSE 75371.4360.006.600.805.80
RussiaMICEX 66411862.1243.906.781.295.49
IndonesiaIDX 1711105864.3352.736.501.405.10
The World 26482180051106668.1061.366.231.374.86
PakistanKSE 31620811865.8256.736.321.644.68
ArgentinaBUE 67442565.6756.826.161.554.61
JordanASE 95355.5660.005.601.004.60
IndiaNSE 101064537263.8657.676.111.524.59
UAEUAE 24161066.6762.505.250.754.50
DenmarkCOPENHAGEN 53292054.7268.975.140.864.28
BrazilBOVESPA 99644164.6564.065.731.474.27
Vietnam HNX 101684267.3361.765.071.133.94
Saudi ArabiaTADAWUL 24017310272.0858.964.971.213.75
USAMEX 32122312469.4755.615.311.653.66
MalaysiaBURSA 151855356.2962.355.241.603.64
Hong KongHKEX 62337820660.6754.505.201.683.52
USNASDAQ 125686149868.6357.774.951.523.42
USOTC PINK 2423170284370.9049.076.342.933.41
PortugalLISBON 1411778.5763.644.911.553.36
IndiaBSE 2347150074763.9549.775.552.193.36
CanadaTSX 79150330563.5960.644.591.283.31
IsraelTASE 32620711963.5057.494.571.293.28
JapanTOKYO 1904131782969.1762.954.210.993.23
KuwaitKSE 29231279.3152.175.171.963.22
FrancePARIS 26719412572.6664.433.970.813.16
ThailandSET 2371247152.3257.264.641.563.08
CanadaTSX-V 2318978.2650.004.611.563.06
Vietnam HOSE 34420511459.5955.614.101.152.95
PhilippinesPSE 42261161.9042.314.621.812.81
SpainIBEX 47221346.8159.093.680.912.77
BelgiumBRUSSELS 1912963.1675.003.580.832.75
UKLSE 139497054770.1655.933.570.982.58
SwedenSTOCKHOLM 29618610162.8454.304.251.682.58
QatarQE 33211363.6461.903.330.952.38
Austria WIENERBORSE 158553.3362.503.751.382.38
USNYSE 1470104261470.8858.933.641.272.37
Poland GPW 143895662.2462.923.791.632.16
AustraliaASX 24915510162.2565.162.900.742.15
JapanNAGOYA 1513886.6761.542.920.922.00
MexicoBMV 114884977.1955.682.730.761.97
SwitzerlandSIX 1731277273.4156.692.601.001.60
NetherlandsAMSTERDAM 90673474.4450.752.150.751.40
BangladeshDSE 1851286669.1951.562.761.491.27
GermanyXETRA 55439723372.0258.402.040.801.24
ItalyBORSA 41430516573.9153.922.100.981.12
NorwayOSE 96542256.2540.742.832.090.74
SingaporeSGX 72391654.1741.031.871.260.62
Greece ATHENS 25191076.0052.633.532.950.58
JapanFUKUOKA 64266.6750.001.250.750.50
USFOREX 110100.000.000.000.000.00
PakistanKSE 1000.000.000.000.000.00
PhilippinesPSE 110100.000.000.000.000.00
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.

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