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 1/1/2014
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
OmanMSM 21150.00100.0030.000.0030.00
USOTCBB 332100.0066.6715.671.0014.67
ChinaSZSE 40031622179.0069.9416.482.0314.45
DenmarkCOPENHAGEN 1512980.0075.0012.420.4212.00
EgyptEGX 97754277.3256.0010.091.019.08
PakistanKSE 130835663.8567.479.390.618.77
TaiwanTWSE 55239630271.7476.268.960.518.45
TaiwanGTSM 43831521971.9269.528.900.708.20
South KoreaKOSDAQ 36929426579.6790.148.310.208.11
ChinaSSE 22817711577.6364.979.822.077.75
PortugalLISBON 107670.0085.716.430.146.29
Greece ATHENS 106560.0083.336.830.836.00
RussiaMICEX 3213940.6369.236.080.155.92
USAMEX 103664364.0865.156.861.155.71
Hong KongHKEX 24116610068.8860.246.231.205.03
South KoreaKRX 27120316874.9182.765.220.195.03
The World 99727064464570.8665.745.730.964.78
Saudi ArabiaTADAWUL 1421047573.2472.125.520.854.67
IndiaBSE 89358433265.4056.855.961.504.46
BelgiumBRUSSELS 74457.14100.004.000.004.00
UKLSE 46533421371.8363.774.310.683.63
ThailandSET 61412767.2165.854.440.833.61
IndiaNSE 32922512368.3954.675.051.513.54
CanadaTSX-V 885100.0062.504.631.133.50
UAEUAE 1411778.5763.644.270.913.36
BrazilBOVESPA 36241966.6779.173.960.673.29
SpainIBEX 1912963.1675.004.080.833.25
KuwaitKSE 2013665.0046.155.462.233.23
MalaysiaBURSA 26181169.2361.113.560.333.22
JordanASE 86475.0066.674.671.503.17
CanadaTSX 30123015976.4169.133.810.673.14
USNASDAQ 77053435769.4866.733.950.813.13
JapanTOKYO 76655836972.8566.133.710.653.06
USPREFERRED 135946169.6364.893.480.443.04
Poland GPW 69453065.2266.673.690.673.02
IndonesiaIDX 63411665.0839.024.201.272.93
AustraliaASX 82554067.0772.733.200.332.87
USOTC PINK 65947224071.6250.854.922.112.81
MexicoBMV 54413175.9375.613.370.562.80
TurkeyBIST 118674256.7862.693.280.492.79
FrancePARIS 90674474.4465.673.160.432.73
Vietnam HOSE 114764466.6757.893.821.112.71
ItalyBORSA 1431116877.6261.262.900.522.38
USNYSE 64746131271.2567.682.810.442.37
QatarQE 98588.8962.502.630.632.00
SwedenSTOCKHOLM 94593262.7754.243.071.151.92
IsraelTASE 97703972.1655.712.941.031.91
SwitzerlandSIX 39272069.2374.072.070.221.85
NorwayOSE 3420958.8245.002.700.851.85
BangladeshDSE 86613370.9354.103.161.361.80
PhilippinesPSE 1710358.8230.002.701.101.60
SingaporeSGX 37241264.8650.002.751.171.58
ChileBCS 111100.00100.001.000.001.00
Austria WIENERBORSE 32266.67100.001.000.001.00
GermanyXETRA 141935066.6753.192.131.280.85
JapanNAGOYA 75471.4380.001.000.400.60
ArgentinaBUE 2113661.9046.152.311.770.54
NetherlandsAMSTERDAM 30211370.0061.901.100.620.48
JapanFUKUOKA 43275.0066.671.000.670.33
Vietnam HNX 66411662.1239.022.662.490.17
UAEUAE 221100.0050.000.000.000.00
PhilippinesPSE 110100.000.000.000.000.00
USWARRANTS 52140.0050.005.506.00-0.50
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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