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 333100.00100.0021.330.0021.33
USOTCBB 332100.0066.6715.671.0014.67
ChinaSZSE 61744030371.3168.8614.281.9612.31
OmanMSM 43175.0033.3310.000.679.33
South KoreaKOSDAQ 89075060884.2781.078.070.457.62
TaiwanGTSM 67048230771.9463.697.210.916.30
ChinaSSE 33923715069.9163.298.222.016.21
TaiwanTWSE 83058941370.9670.126.820.676.14
UAEUAE 1813972.2269.236.310.465.85
PortugalLISBON 129775.0077.786.000.225.78
EgyptEGX 1681225772.6246.727.011.345.66
ArgentinaBUE 35211260.0057.146.101.005.10
DenmarkCOPENHAGEN 29201368.9765.005.500.954.55
Saudi ArabiaTADAWUL 1831278369.4065.354.940.953.98
BrazilBOVESPA 53372569.8167.574.680.783.89
South KoreaKRX 69553236776.5568.984.600.773.84
JordanASE 106460.0066.674.670.833.83
PakistanKSE 2581749867.4456.325.401.573.82
USAMEX 1971277764.4760.635.091.293.80
MalaysiaBURSA 71462964.7963.044.480.703.78
The World 1745712170725469.7759.564.971.263.71
CanadaCSE 553100.0060.004.400.803.60
USPREFERRED 1831257368.3158.404.070.523.55
Hong KongHKEX 45530216466.3754.305.061.573.49
IndonesiaIDX 109693563.3050.724.701.283.42
Greece ATHENS 128566.6762.504.381.253.13
Vietnam HOSE 2241407962.5056.434.241.113.12
KuwaitKSE 26171065.3858.824.881.763.12
CanadaTSX 50934523067.7866.673.710.633.07
USNASDAQ 90161837568.5960.684.141.093.05
JapanTOKYO 133095161171.5064.253.820.813.01
TurkeyBIST 1681026260.7160.783.640.742.90
BelgiumBRUSSELS 75471.4380.003.000.202.80
IndiaBSE 1757112553964.0347.915.002.202.79
IndiaNSE 69045524966.3854.374.271.482.79
FrancePARIS 1551177075.4859.833.360.642.72
ThailandSET 121754761.9862.673.560.992.57
RussiaMICEX 49321265.3137.503.380.812.56
Poland GPW 105654361.9066.153.370.942.43
IsraelTASE 1711237071.9356.913.471.092.38
QatarQE 2215968.1860.003.070.802.27
MexicoBMV 89684376.4063.242.870.632.24
AustraliaASX 132925969.7064.132.670.472.21
UKLSE 88163835172.5354.932.990.882.11
USNYSE 94164539668.5461.402.650.602.05
SwedenSTOCKHOLM 2031437570.4452.453.411.382.03
SpainIBEX 28151053.5766.672.800.802.00
Vietnam HNX 92633768.4858.733.381.511.87
NorwayOSE 54331361.1139.392.941.241.70
USOTC PINK 1593108349468.3045.404.512.961.55
BangladeshDSE 1621126069.1453.572.881.381.49
PhilippinesPSE 2515660.0040.002.671.471.20
JapanNAGOYA 109590.0055.561.670.780.89
GermanyXETRA 2721727763.2444.771.801.090.71
ItalyBORSA 2471919377.3348.691.400.860.53
NetherlandsAMSTERDAM 52381873.0847.371.260.760.50
CanadaTSX-V 118472.7350.002.752.250.50
SwitzerlandSIX 91663072.5345.451.411.060.35
PhilippinesPSE 110100.000.000.000.000.00
PakistanKSE 1000.000.000.000.000.00
JapanFUKUOKA 64266.6750.001.251.250.00
ChileBCS 42150.0050.000.000.000.00
BangladeshDSE 1000.000.000.000.000.00
SingaporeSGX 45291164.4437.931.311.34-0.03
Austria WIENERBORSE 1410271.4320.000.902.00-1.10
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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