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
South KoreaKOSDAQ 129987367567.2177.3211.480.6110.87
ChinaSZSE 18001367115575.9484.4910.640.3710.27
ChileBCS 2314960.8764.2911.140.9310.21
ChinaSSE 120790175474.7383.599.080.338.75
EgyptEGX 2011499574.1363.769.891.158.73
OmanMSM 54280.0050.008.250.507.75
South KoreaKRX 115468146459.1068.048.400.827.58
RussiaMICEX 83543065.0655.568.281.227.06
TurkeyBIST 26418611970.4563.988.632.076.56
Austria WIENERBORSE 25161164.0068.757.190.816.38
USPREFERRED 2151629775.3559.887.311.545.77
IndiaNSE 126280448163.7159.836.601.285.32
SpainIBEX 50271654.0059.265.590.634.96
TaiwanGTSM 69744426963.7060.596.001.084.92
IndonesiaIDX 1661055063.2547.626.601.734.87
USWARRANTS 27161159.2668.758.503.754.75
Vietnam HNX 105674163.8161.195.400.674.73
ArgentinaBUE 94654169.1563.085.891.234.66
The World 30861207531263167.3360.795.661.254.41
MalaysiaBURSA 161945758.3960.645.791.444.35
KuwaitKSE 22151168.1873.335.471.134.33
UAEUAE 1612875.0066.675.671.424.25
PakistanKSE 31521111866.9855.926.091.864.24
IndiaBSE 31932036110363.8054.155.981.864.11
IsraelTASE 34822013063.2259.095.211.144.07
Saudi ArabiaTADAWUL 1631177071.7859.835.101.084.03
Poland GPW 123724458.5461.114.690.973.72
JapanTOKYO 1888125780266.5863.804.570.933.64
ThailandSET 2911588954.3056.334.881.273.61
USNASDAQ 118580645068.1055.765.241.723.52
TaiwanTWSE 87654534162.2162.574.340.853.49
USOTC PINK 29832081106870.4050.865.642.433.22
QatarQE 29191365.5268.424.000.893.11
SwedenSTOCKHOLM 36923613064.2354.854.611.533.08
PhilippinesPSE 3921953.8542.864.331.622.71
CanadaTSX 84253229763.1855.834.111.452.66
Vietnam HOSE 48427114055.9951.664.131.472.66
BrazilBOVESPA 1601096068.1355.053.911.352.56
FrancePARIS 39329817475.8358.393.270.822.45
UKLSE 1803125172569.3857.953.340.932.41
Hong KongHKEX 79849325261.7851.124.131.772.37
USAMEX 39427915270.8154.483.451.132.33
JapanNAGOYA 1310676.9260.003.301.202.10
MexicoBMV 107763771.0348.682.930.951.99
DenmarkCOPENHAGEN 66412562.1260.982.881.101.78
BangladeshDSE 1711227271.3559.022.961.181.78
USNYSE 1492106059571.0556.133.121.351.77
CanadaTSX-V 3624969.4436.004.082.321.76
BelgiumBRUSSELS 25181272.0066.672.110.441.67
SwitzerlandSIX 33624613273.2153.662.500.891.61
NorwayOSE 127803962.9948.753.652.101.55
AustraliaASX 29019411366.9058.252.591.081.51
JapanFUKUOKA 32166.6750.001.500.001.50
NetherlandsAMSTERDAM 1521155875.6650.432.040.701.34
ItalyBORSA 63145125771.4756.982.110.901.20
GermanyXETRA 100172540572.4355.861.890.701.19
SingaporeSGX 5728949.1232.142.501.361.14
PortugalLISBON 96266.6733.333.332.500.83
JordanASE 84150.0025.001.501.000.50
USFOREX 221100.0050.000.500.000.50
Greece ATHENS 3928971.7932.143.432.960.46
PhilippinesPSE 110100.000.000.000.000.00
PakistanKSE 1000.000.000.000.000.00
SwedenSTOCKHOLM 1000.000.000.000.000.00
CanadaCSE 1910452.6340.002.102.100.00
IndiaNSE 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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