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 1/1/2016
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
USWARRANTS 111100.00100.0021.000.0021.00
USOTCBB 332100.0066.6715.671.0014.67
Greece ATHENS 86375.0050.0014.830.8314.00
JordanASE 105350.0060.0013.000.8012.20
ChinaSZSE 25814910357.7569.1310.990.8110.18
South KoreaKOSDAQ 74164054986.3785.788.720.258.47
PortugalLISBON 97677.7885.717.290.007.29
ArgentinaBUE 2311647.8354.557.180.826.36
PhilippinesPSE 94144.4425.005.750.755.00
Saudi ArabiaTADAWUL 72453362.5073.335.440.534.91
South KoreaKRX 51340130178.1775.065.090.594.50
UAEUAE 95355.5660.005.401.004.40
ChinaSSE 162996761.1167.685.000.764.24
RussiaMICEX 42281469.0548.284.930.764.17
Vietnam HOSE 159895455.9760.675.041.024.02
DenmarkCOPENHAGEN 1611768.7563.644.911.093.82
PakistanKSE 1691126466.2757.144.931.173.76
IndiaBSE 113674337965.4051.015.551.913.64
IndiaNSE 45732118870.4658.394.821.343.47
The World 98346838410369.5759.974.641.173.47
JapanTOKYO 51035523969.6167.324.060.693.37
SpainIBEX 177641.1885.713.710.433.29
KuwaitKSE 1511873.3372.735.091.823.27
TaiwanGTSM 28119911370.8256.784.230.963.27
Poland GPW 70352650.0074.294.090.833.26
TaiwanTWSE 32423114571.3062.773.940.773.16
MalaysiaBURSA 50352270.0062.863.830.892.94
USNASDAQ 47932919468.6858.973.800.992.81
USAMEX 58382565.5265.793.450.762.68
MexicoBMV 60412368.3356.103.270.632.63
FrancePARIS 79593374.6855.933.290.922.37
ThailandSET 80483160.0064.583.080.752.33
Hong KongHKEX 31021411269.0352.344.011.752.27
CanadaTSX 25016010364.0064.383.000.882.12
USOTC PINK 78252925467.9047.835.233.132.10
SwedenSTOCKHOLM 1531146074.5152.633.791.732.06
BelgiumBRUSSELS 664100.0066.672.170.172.00
TurkeyBIST 106723567.9248.613.001.041.96
IsraelTASE 105704066.6757.142.841.041.80
USNYSE 54036220667.0456.912.370.661.71
Vietnam HNX 69472868.1259.572.961.401.55
UKLSE 48534917471.9649.862.721.211.52
BangladeshDSE 89673775.2855.222.390.881.51
USPREFERRED 97623463.9254.841.920.501.42
AustraliaASX 83583569.8860.342.210.811.40
EgyptEGX 81582471.6041.382.711.331.38
BrazilBOVESPA 26201376.9265.002.150.851.30
JapanFUKUOKA 221100.0050.002.001.001.00
IndonesiaIDX 31181058.0655.561.830.890.94
QatarQE 107470.0057.141.861.000.86
NorwayOSE 2617565.3829.412.351.650.71
JapanNAGOYA 995100.0055.561.330.780.56
ItalyBORSA 1721296775.0051.941.150.780.36
PakistanKSE 1000.000.000.000.000.00
PhilippinesPSE 110100.000.000.000.000.00
ChileBCS 2000.000.000.000.000.00
BangladeshDSE 1000.000.000.000.000.00
CanadaCSE 54280.0050.002.502.500.00
SwitzerlandSIX 66491774.2434.691.121.20-0.08
GermanyXETRA 1801174765.0040.171.021.28-0.26
NetherlandsAMSTERDAM 2924982.7637.500.670.96-0.29
SingaporeSGX 1510266.6720.000.500.80-0.30
OmanMSM 32066.670.000.001.00-1.00
Austria WIENERBORSE 86075.000.000.003.00-3.00
CanadaTSX-V 74057.140.000.005.50-5.50
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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