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 1/1/2016
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
USWARRANTS 111100.00100.0021.000.0021.00
USOTCBB 332100.0066.6715.671.0014.67
JordanASE 105350.0060.0013.000.8012.20
Greece ATHENS 107370.0042.8612.711.4311.29
ChinaSZSE 30417311756.9167.639.870.938.94
South KoreaKOSDAQ 74964754986.3884.858.590.298.30
UAEUAE 106460.0066.679.000.838.17
PortugalLISBON 97677.7885.717.290.007.29
ArgentinaBUE 2412850.0066.676.830.756.08
PhilippinesPSE 116354.5550.005.830.505.33
South KoreaKRX 56142830476.4770.864.720.614.11
RussiaMICEX 49321467.3542.424.820.883.94
Saudi ArabiaTADAWUL 71443261.9772.734.480.553.93
ChinaSSE 1831086959.0263.894.690.793.91
Vietnam HOSE 165955657.5858.954.851.143.72
PakistanKSE 2171428065.4456.345.121.493.63
IndiaNSE 50434620068.8557.644.811.383.43
MalaysiaBURSA 52362369.2363.894.220.863.36
IndiaBSE 133684341163.1048.755.402.063.34
The World 108747456439468.6258.894.541.243.30
JapanTOKYO 55739125970.2066.243.940.703.24
DenmarkCOPENHAGEN 1913868.4261.544.381.153.23
TaiwanTWSE 34824215269.5462.813.960.763.21
TaiwanGTSM 30421512370.7257.214.130.983.15
Poland GPW 72372751.3972.974.161.053.11
SpainIBEX 199747.3777.783.000.332.67
USNASDAQ 51134620667.9159.373.560.952.61
MexicoBMV 63442469.8454.553.090.682.41
USOTC PINK 90560528767.0747.285.673.262.41
Hong KongHKEX 34823912468.6851.884.231.862.37
KuwaitKSE 1712870.5966.674.672.332.33
FrancePARIS 86643674.4256.253.160.882.28
SwedenSTOCKHOLM 1611216375.1652.073.891.682.21
Vietnam HNX 67462968.6663.043.331.242.09
IsraelTASE 115744464.3559.463.000.992.01
BelgiumBRUSSELS 664100.0066.672.170.172.00
TurkeyBIST 115753765.2249.332.991.071.92
IndonesiaIDX 41261663.4161.542.770.961.81
USAMEX 129875667.4464.372.540.751.79
BrazilBOVESPA 29231679.3169.572.480.741.74
CanadaTSX 26916910362.8360.952.600.921.67
USNYSE 56037020966.0756.492.350.681.67
USPREFERRED 103663964.0859.092.000.471.53
UKLSE 54238419170.8549.742.611.141.47
BangladeshDSE 104764173.0853.952.251.111.14
ThailandSET 87523359.7763.463.081.941.13
NorwayOSE 3322866.6736.362.641.551.09
EgyptEGX 94652669.1540.002.461.381.08
JapanFUKUOKA 221100.0050.002.001.001.00
AustraliaASX 83613473.4955.741.981.030.95
QatarQE 117463.6457.141.861.140.71
JapanNAGOYA 1110690.9160.001.400.700.70
ItalyBORSA 1801357175.0052.591.150.790.36
SwitzerlandSIX 73562176.7137.501.361.090.27
PakistanKSE 1000.000.000.000.000.00
PhilippinesPSE 110100.000.000.000.000.00
BangladeshDSE 1000.000.000.000.000.00
CanadaCSE 54280.0050.002.502.500.00
ChileBCS 31033.330.000.000.000.00
NetherlandsAMSTERDAM 31251080.6540.000.800.92-0.12
GermanyXETRA 1931225263.2142.621.091.21-0.12
SingaporeSGX 1712370.5925.000.500.92-0.42
OmanMSM 32066.670.000.001.00-1.00
Austria WIENERBORSE 96066.670.000.003.00-3.00
CanadaTSX-V 74057.140.000.005.50-5.50
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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