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 1/1/2020
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
ThailandSET 111100.00100.0011.000.0011.00
OmanMSM 54280.0050.008.250.507.75
BangladeshDSE 32266.67100.006.000.006.00
JapanFUKUOKA 221100.0050.002.180.152.03
USFOREX 221100.0050.000.500.000.50
ChinaSSE 10822276.060.240.060.000.06
The World 272731459966.830.540.060.010.05
AustraliaASX 2911166.670.520.030.000.03
Vietnam HOSE 4672156.100.380.010.010.00
NorwayOSE 1450060.690.000.000.000.00
NetherlandsAMSTERDAM 1230068.290.000.000.000.00
MalaysiaBURSA 1190055.460.000.000.000.00
MexicoBMV 870071.260.000.000.000.00
UAEUAE 150066.670.000.000.000.00
Saudi ArabiaTADAWUL 1700072.350.000.000.000.00
QatarQE 150053.330.000.000.000.00
KuwaitKSE 230082.610.000.000.000.00
EgyptEGX 1970072.590.000.000.000.00
JordanASE 60050.000.000.000.000.00
South KoreaKOSDAQ 11390065.320.000.000.000.00
South KoreaKRX 10420056.810.000.000.000.00
JapanTOKYO 13440068.450.000.000.000.00
ItalyBORSA 5480069.530.000.000.000.00
IndiaNSE 10180063.560.000.000.000.00
IndiaNSE 110100.000.000.000.000.00
ChileBCS 300060.000.000.000.000.00
IsraelTASE 3670058.580.000.000.000.00
IndonesiaIDX 1660060.840.000.000.000.00
Hong KongHKEX 6270061.240.000.000.000.00
Greece ATHENS 430076.740.000.000.000.00
FrancePARIS 3260072.090.000.000.000.00
SpainIBEX 470055.320.000.000.000.00
DenmarkCOPENHAGEN 690060.870.000.000.000.00
GermanyXETRA 9040070.240.000.000.000.00
ChinaSZSE 15830077.950.000.000.000.00
SwitzerlandSIX 2870069.340.000.000.000.00
CanadaTSX 7140062.320.000.000.000.00
CanadaCSE 180055.560.000.000.000.00
CanadaTSX-V 410068.290.000.000.000.00
BrazilBOVESPA 1520063.820.000.000.000.00
BelgiumBRUSSELS 230065.220.000.000.000.00
Austria WIENERBORSE 220059.090.000.000.000.00
ArgentinaBUE 930073.120.000.000.000.00
BangladeshDSE 1470069.390.000.000.000.00
SingaporeSGX 510045.100.000.000.000.00
SwedenSTOCKHOLM 3280060.370.000.000.000.00
SwedenSTOCKHOLM 1000.000.000.000.000.00
RussiaMICEX 980062.240.000.000.000.00
ThailandSET 2750056.000.000.000.000.00
JapanNAGOYA 80075.000.000.000.000.00
PortugalLISBON 100080.000.000.000.000.00
Poland GPW 980058.160.000.000.000.00
PakistanKSE 2510069.320.000.000.000.00
PakistanKSE 1000.000.000.000.000.00
PhilippinesPSE 110100.000.000.000.000.00
USAMEX 3720073.390.000.000.000.00
UKLSE 15930066.730.000.000.000.00
TaiwanGTSM 6100062.950.000.000.000.00
TaiwanTWSE 7500060.130.000.000.000.00
USOTC PINK 24540070.950.000.000.000.00
USNYSE 13730071.810.000.000.000.00
USNASDAQ 11270067.520.000.000.000.00
Vietnam HNX 1070067.290.000.000.000.00
USWARRANTS 450057.780.000.000.000.00
IndiaBSE 29041064.290.000.000.000.00
TurkeyBIST 2512168.130.580.010.020.00
USPREFERRED 2562073.830.000.000.13-0.13
PhilippinesPSE 331051.520.000.000.46-0.46
RussiaMICEX 110100.000.000.002.00-2.00
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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