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 1270102585480.6383.4013.470.8812.59
ChileBCS 168550.0062.5013.001.0012.00
BangladeshDSE 21150.00100.0012.000.0012.00
South KoreaKOSDAQ 129990572869.6780.4412.260.5611.70
ThailandSET 111100.00100.0011.000.0011.00
ChinaSSE 82365855579.9584.3510.510.769.75
EgyptEGX 2131598774.6554.7210.481.389.09
South KoreaKRX 103163245161.3071.369.100.808.30
OmanMSM 54280.0050.008.250.507.75
TaiwanGTSM 82255835867.8864.167.640.986.66
TaiwanTWSE 107169247964.6169.227.040.776.27
CanadaCSE 86475.0066.676.670.676.00
RussiaMICEX 64401862.5045.006.951.285.68
USPREFERRED 30121612871.7659.267.081.495.59
TurkeyBIST 28619411967.8361.347.582.025.56
IndonesiaIDX 1701085663.5351.856.711.395.32
The World 25734174971073268.0561.286.191.394.80
PakistanKSE 30620011465.3657.006.461.714.75
IndiaNSE 99363436463.8557.416.141.514.63
JordanASE 95355.5660.005.601.004.60
KuwaitKSE 28211375.0061.906.001.484.52
UAEUAE 24161066.6762.505.250.754.50
ArgentinaBUE 57372064.9154.055.861.624.24
DenmarkCOPENHAGEN 46241652.1766.675.040.884.17
BrazilBOVESPA 96613963.5463.935.491.523.97
Saudi ArabiaTADAWUL 2321669971.5559.644.941.193.75
USAMEX 30621411769.9354.675.391.663.73
MalaysiaBURSA 150855356.6762.355.191.603.59
Vietnam HNX 100694269.0060.875.001.433.57
Hong KongHKEX 60436720060.7654.505.201.703.50
IndiaBSE 2247142371163.3349.965.582.223.37
PortugalLISBON 1411778.5763.644.911.553.36
CanadaTSX 77649229763.4060.374.641.313.34
SpainIBEX 41191246.3463.164.260.953.32
JapanTOKYO 1875130182469.3963.344.250.983.28
ThailandSET 2291196951.9757.984.701.513.18
FrancePARIS 25718712072.7664.173.960.823.13
USNASDAQ 123984948768.5257.364.671.573.10
PhilippinesPSE 40251162.5044.004.801.842.96
IsraelTASE 31920011262.7056.004.241.352.89
Vietnam HOSE 33720110859.6453.734.021.212.81
CanadaTSX-V 2217877.2747.064.411.652.76
USOTC PINK 2310161478470.5248.135.693.002.69
UKLSE 134293952870.0456.173.531.012.52
QatarQE 31211367.7461.903.330.952.38
BelgiumBRUSSELS 1710758.8270.003.301.002.30
SwedenSTOCKHOLM 2841738960.9251.454.071.792.28
USNYSE 1449103160571.1558.683.561.282.27
MexicoBMV 110844976.3658.332.860.632.23
AustraliaASX 2431519762.1464.242.890.762.13
Poland GPW 138835260.1462.653.511.661.84
JapanNAGOYA 1614887.5057.142.711.001.71
NorwayOSE 95532255.7941.513.682.061.62
BangladeshDSE 1801246568.8952.422.901.471.43
NetherlandsAMSTERDAM 89663374.1650.002.140.761.38
Austria WIENERBORSE 136346.1550.003.171.831.33
GermanyXETRA 56240423671.8958.421.960.891.06
SwitzerlandSIX 1731246471.6851.612.091.200.89
ItalyBORSA 40529615673.0952.701.851.030.82
Greece ATHENS 25191076.0052.633.532.950.58
SingaporeSGX 73401654.7940.001.831.280.55
JapanFUKUOKA 64266.6750.001.250.750.50
PakistanKSE 1000.000.000.000.000.00
PhilippinesPSE 110100.000.000.000.000.00
USFOREX 110100.000.000.000.000.00
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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