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 1/1/2018
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
JordanASE 94344.4475.0016.250.0016.25
USOTCBB 332100.0066.6715.671.0014.67
USWARRANTS 97677.7885.7112.430.1412.29
BangladeshDSE 21150.00100.0012.000.0012.00
ChinaSZSE 127999685777.8786.0411.620.3611.26
South KoreaKOSDAQ 132392773770.2279.3311.750.6311.12
ThailandSET 111100.00100.0011.000.0011.00
ChileBCS 2010650.0060.0012.001.1010.90
ChinaSSE 87868159877.5687.819.740.269.49
EgyptEGX 2021469072.2861.649.571.018.56
South KoreaKRX 111968447861.1369.888.860.818.05
OmanMSM 54280.0050.008.250.507.75
USPREFERRED 1831307971.0460.777.691.785.92
UAEUAE 169656.2566.676.670.785.89
TurkeyBIST 29220812471.5859.337.982.135.85
Vietnam HNX 95583961.0567.246.070.675.40
KuwaitKSE 20171285.0070.596.351.005.35
PortugalLISBON 86475.0066.675.330.175.17
TaiwanGTSM 62940824664.8660.296.051.025.03
ArgentinaBUE 78533167.9558.496.421.405.02
The World 25032168911035667.5661.246.131.374.76
IndiaNSE 106268039964.2258.506.161.454.71
IndonesiaIDX 142904763.3852.225.841.574.28
SpainIBEX 38181047.3755.565.110.834.28
PakistanKSE 31721712368.4556.685.811.554.25
Poland GPW 123724758.5465.285.080.964.13
TaiwanTWSE 77546529560.0063.445.020.924.09
PhilippinesPSE 34211061.7647.625.671.624.05
IndiaBSE 2627169387564.4851.655.971.974.00
USOTC PINK 2579179691870.1050.776.882.993.88
MalaysiaBURSA 151895358.9459.555.421.603.82
IsraelTASE 31019111661.6160.734.931.123.81
JapanTOKYO 129685453565.9062.654.531.023.50
Saudi ArabiaTADAWUL 1411015971.6358.424.601.193.42
USNASDAQ 104971839768.4555.294.961.623.34
ThailandSET 2781518854.3258.284.661.323.34
FrancePARIS 22716610673.1363.864.160.903.26
Vietnam HOSE 35820110956.1554.234.521.283.23
SwedenSTOCKHOLM 28718210363.4156.595.031.873.16
RussiaMICEX 128874468.7550.004.051.082.97
USAMEX 31122512872.3556.894.251.352.90
Austria WIENERBORSE 179652.9466.673.560.672.89
CanadaTSX-V 2416666.6737.505.192.442.75
CanadaTSX 63838921660.9755.534.361.662.70
DenmarkCOPENHAGEN 49292059.1868.973.691.032.66
BrazilBOVESPA 111774469.3757.144.211.572.64
UKLSE 131591952569.8957.133.631.002.63
MexicoBMV 109774470.6457.143.290.782.51
Hong KongHKEX 66542222163.4652.374.281.812.47
USNYSE 116683346771.4456.063.581.482.10
BelgiumBRUSSELS 2013765.0053.852.230.311.92
SingaporeSGX 47261155.3242.312.650.851.81
AustraliaASX 2351479062.5561.222.641.011.63
QatarQE 2414958.3364.292.711.141.57
NetherlandsAMSTERDAM 81643479.0153.132.230.701.53
BangladeshDSE 1871347671.6656.722.691.161.53
SwitzerlandSIX 1871437876.4754.552.481.001.48
CanadaCSE 137453.8557.143.001.571.43
JapanNAGOYA 1412785.7158.332.501.081.42
GermanyXETRA 57743024974.5257.911.880.671.21
ItalyBORSA 40429617273.2758.112.070.931.15
Greece ATHENS 2920772.4133.333.762.860.90
JapanFUKUOKA 331100.0033.331.330.670.67
USFOREX 221100.0050.000.500.000.50
NorwayOSE 89502456.1848.002.562.080.48
IndiaNSE 110100.000.000.000.000.00
SwedenSTOCKHOLM 1000.000.000.000.000.00
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.

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.