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 333100.00100.0052.000.0052.00
USOTCBB 332100.0066.6715.671.0014.67
ChinaSZSE 123198782980.1883.9913.860.9012.97
ChileBCS 168550.0062.5013.001.0012.00
South KoreaKOSDAQ 131390672969.0080.4612.200.5611.64
ChinaSSE 81665255079.9084.3610.550.779.79
EgyptEGX 2041548175.4952.6010.301.438.87
South KoreaKRX 112569048461.3370.148.650.797.86
OmanMSM 54280.0050.008.250.507.75
TaiwanGTSM 79553834567.6764.137.500.976.54
TaiwanTWSE 104667546764.5369.197.040.786.26
USPREFERRED 28219711569.8658.387.201.545.66
TurkeyBIST 27719111768.9561.267.632.015.63
RussiaMICEX 65421864.6242.866.521.405.12
IndonesiaIDX 155934760.0050.546.561.455.11
ArgentinaBUE 50321964.0059.386.661.784.88
The World 25134170061043767.7261.326.151.394.76
PakistanKSE 30620011465.3657.006.461.714.75
JordanASE 85362.5060.005.601.004.60
UAEUAE 24161066.6762.505.250.754.50
IndiaNSE 97061435263.3057.335.951.534.42
KuwaitKSE 30221373.3359.095.731.454.27
DenmarkCOPENHAGEN 45241653.3366.675.040.884.17
MalaysiaBURSA 143805155.9463.755.341.593.75
Saudi ArabiaTADAWUL 2311659871.4359.394.951.203.75
BrazilBOVESPA 92593864.1364.415.251.563.69
CanadaCSE 75371.4360.004.400.803.60
Hong KongHKEX 59235719460.6454.045.191.653.54
CanadaTSX 75747829163.1460.884.741.313.44
USAMEX 29720611169.3653.885.061.653.42
Vietnam HNX 101704269.3160.004.811.443.37
PortugalLISBON 1411778.5763.644.911.553.36
IndiaBSE 2134134366662.9349.595.622.283.33
SpainIBEX 42191245.2463.164.260.953.32
JapanTOKYO 1840127480469.2463.114.281.003.28
FrancePARIS 25718811973.1563.304.080.843.24
USNASDAQ 122383548068.2757.494.791.573.22
PhilippinesPSE 37241164.8645.835.001.833.17
IsraelTASE 29418010361.2257.224.431.403.03
Vietnam HOSE 32519710760.6254.314.081.232.85
CanadaTSX-V 2015775.0046.674.531.802.73
UKLSE 128889550369.7256.013.571.012.57
BelgiumBRUSSELS 159760.0077.783.671.112.56
USNYSE 1423101259471.1258.703.621.292.33
Poland GPW 126744958.7366.223.851.682.18
SwedenSTOCKHOLM 2781708561.1550.003.961.842.12
AustraliaASX 2401459160.4262.762.920.812.11
ThailandSET 2221156951.8060.003.541.482.06
USOTC PINK 2140149071570.0947.675.093.062.03
JapanNAGOYA 1513886.6761.542.920.922.00
QatarQE 30201266.6760.003.001.002.00
MexicoBMV 103814878.6459.262.961.001.96
BangladeshDSE 1801246568.8952.422.901.471.43
NetherlandsAMSTERDAM 86653375.5850.772.140.751.38
GermanyXETRA 54238723071.4059.431.940.911.03
ItalyBORSA 39228715173.2152.611.871.010.86
NorwayOSE 92511955.4337.253.122.270.84
SwitzerlandSIX 1641176071.3451.282.031.210.83
SingaporeSGX 73401654.7940.001.831.280.55
JapanFUKUOKA 64266.6750.001.250.750.50
USFOREX 110100.000.000.000.000.00
PhilippinesPSE 110100.000.000.000.000.00
PakistanKSE 1000.000.000.000.000.00
BangladeshDSE 1000.000.000.000.000.00
Greece ATHENS 2317973.9152.943.063.24-0.18
Austria WIENERBORSE 3319657.5831.581.532.16-0.63
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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