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 222100.00100.0025.000.0025.00
USOTCBB 332100.0066.6715.671.0014.67
JordanASE 105350.0060.0013.000.8012.20
Greece ATHENS 107370.0042.8612.711.4311.29
ChinaSZSE 32719212658.7265.639.601.018.59
UAEUAE 106460.0066.679.000.838.17
South KoreaKOSDAQ 86574459486.1379.738.000.487.52
ArgentinaBUE 27151055.5666.678.330.937.40
PortugalLISBON 97677.7885.717.290.007.29
PhilippinesPSE 116354.5550.005.830.505.33
RussiaMICEX 50321466.0042.424.820.883.94
ChinaSSE 1921147359.3864.044.710.813.90
Vietnam HOSE 172975856.4059.794.841.013.82
Saudi ArabiaTADAWUL 74443260.8171.114.090.533.56
PakistanKSE 2231508567.2656.675.011.453.55
South KoreaKRX 66450934176.8166.864.290.773.52
KuwaitKSE 1611868.7572.735.091.643.45
DenmarkCOPENHAGEN 1812766.6758.334.581.253.33
TaiwanGTSM 34024313871.4756.794.240.993.25
TaiwanTWSE 38427116870.5761.994.000.773.23
The World 118528154474768.8758.154.451.283.17
MalaysiaBURSA 56392469.6461.543.950.793.15
IndiaBSE 142890944763.6649.175.292.173.12
JapanTOKYO 66645929868.9264.923.850.773.08
IndiaNSE 55537520967.7555.594.581.523.06
Poland GPW 77402951.9572.504.081.053.03
SpainIBEX 2010750.0070.003.300.303.00
MexicoBMV 62432469.3555.813.350.702.65
USNASDAQ 54336721367.7757.883.451.072.38
USOTC PINK 98065930867.4546.605.653.362.30
Hong KongHKEX 38026013668.6852.113.981.792.19
FrancePARIS 96714073.9656.343.040.872.17
SwedenSTOCKHOLM 1661266675.9052.383.831.672.15
IndonesiaIDX 49311863.2758.063.451.422.03
Vietnam HNX 70493070.0061.223.141.161.98
IsraelTASE 122784763.9360.262.971.001.97
USPREFERRED 109714265.1459.152.370.481.89
TurkeyBIST 117773865.8149.352.941.051.88
USAMEX 136915966.9164.842.580.731.86
CanadaTSX 28917811061.5961.802.570.761.81
ThailandSET 98593960.2066.103.361.691.66
BangladeshDSE 117844871.7957.142.631.001.63
USNYSE 58538721866.1556.332.310.701.62
UKLSE 58441520771.0649.882.651.141.51
BrazilBOVESPA 28221578.5768.182.140.771.36
EgyptEGX 99682868.6941.182.651.321.32
BelgiumBRUSSELS 774100.0057.141.860.571.29
NorwayOSE 3421861.7638.102.761.521.24
AustraliaASX 100723872.0052.782.010.961.06
JapanFUKUOKA 221100.0050.002.001.001.00
QatarQE 117463.6457.141.861.140.71
JapanNAGOYA 1110690.9160.001.400.700.70
ItalyBORSA 1841387375.0052.901.140.850.29
SwitzerlandSIX 76572175.0036.841.301.090.21
GermanyXETRA 2131376264.3245.261.281.090.20
NetherlandsAMSTERDAM 36281177.7839.290.860.820.04
BangladeshDSE 1000.000.000.000.000.00
ChileBCS 31033.330.000.000.000.00
CanadaCSE 442100.0050.002.502.500.00
PakistanKSE 1000.000.000.000.000.00
PhilippinesPSE 110100.000.000.000.000.00
SingaporeSGX 1611368.7527.270.550.73-0.18
OmanMSM 32066.670.000.001.00-1.00
Austria WIENERBORSE 96066.670.000.003.00-3.00
CanadaTSX-V 84050.000.000.005.50-5.50
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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