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
Greece ATHENS 86375.0050.0014.830.8314.00
JordanASE 105350.0060.0013.000.8012.20
ChinaSZSE 28516011056.1468.7510.690.939.76
South KoreaKOSDAQ 74764455086.2185.408.650.268.39
PortugalLISBON 97677.7885.717.290.007.29
UAEUAE 105350.0060.008.001.007.00
ArgentinaBUE 2412850.0066.676.830.756.08
FrancePARIS 83633575.9055.565.920.875.05
Saudi ArabiaTADAWUL 72453362.5073.335.270.534.73
PhilippinesPSE 116354.5550.005.000.504.50
RussiaMICEX 46301567.3948.395.160.814.35
South KoreaKRX 54642230377.4771.634.770.624.15
ChinaSSE 1741046859.7765.384.760.754.01
Vietnam HOSE 163935557.0659.144.911.083.84
DenmarkCOPENHAGEN 1712870.5966.674.751.003.75
PakistanKSE 1951267064.6255.565.011.493.52
Poland GPW 71362750.7075.004.250.813.44
IndiaBSE 121378638864.8049.365.381.973.41
IndiaNSE 47432819069.4157.754.741.353.40
The World 104177180425868.9759.264.551.193.36
TaiwanGTSM 29620711869.9357.004.230.953.29
JapanTOKYO 55138425569.6966.413.900.703.20
TaiwanTWSE 34724314970.0361.323.840.793.05
MalaysiaBURSA 51352268.6362.863.830.892.94
USNASDAQ 50034020268.0059.413.720.942.78
SpainIBEX 199747.3777.783.000.332.67
MexicoBMV 60412368.3356.103.270.682.59
KuwaitKSE 1712870.5966.674.672.332.33
ThailandSET 83493259.0465.313.020.732.29
Hong KongHKEX 32922411768.0952.233.931.742.19
SwedenSTOCKHOLM 1571196375.8052.943.621.622.00
BelgiumBRUSSELS 664100.0066.672.170.172.00
TurkeyBIST 112753766.9649.333.011.071.95
CanadaTSX 26216810364.1261.312.860.921.93
USOTC PINK 83956326467.3446.735.163.241.93
IsraelTASE 112724264.2958.332.821.011.81
Vietnam HNX 70482968.5760.423.171.381.79
USAMEX 124835366.9463.862.510.761.75
USNYSE 55737020866.4356.222.390.671.72
UKLSE 50936518371.7150.142.721.151.56
BangladeshDSE 97724174.2356.942.320.861.46
AustraliaASX 83593671.0861.022.250.801.46
USPREFERRED 102663864.7157.581.890.471.42
IndonesiaIDX 35191254.2963.162.210.841.37
BrazilBOVESPA 27211477.7866.672.100.811.29
EgyptEGX 90642571.1139.062.471.361.11
JapanFUKUOKA 221100.0050.002.001.001.00
QatarQE 117463.6457.141.861.000.86
NorwayOSE 2818664.2933.332.331.560.78
JapanNAGOYA 119581.8255.561.330.780.56
ItalyBORSA 1771326874.5851.521.140.800.33
PakistanKSE 1000.000.000.000.000.00
PhilippinesPSE 110100.000.000.000.000.00
ChileBCS 2000.000.000.000.000.00
BangladeshDSE 1000.000.000.000.000.00
CanadaCSE 54280.0050.002.502.500.00
SwitzerlandSIX 66491774.2434.691.121.20-0.08
GermanyXETRA 1831174963.9341.881.031.26-0.22
NetherlandsAMSTERDAM 3024980.0037.500.670.96-0.29
SingaporeSGX 1611368.7527.270.550.91-0.36
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.

Candlesticker.com is an independent and free website and all the Services provided by Americanbulls.com LLC at Candlesticker.com are completely free of charge. Americanbulls.com LLC does not receive compensation by any direct or indirect means from the visitors and users of this website (or of any other bulls.com© family websites), and from the stocks, securities and other institutions or any underwriters or dealers associated with the broader national or international forex, commodity and stock markets.

You agree that Candlesticker.com and Americanbulls.com LLC its parent company, subsidiaries, affiliates, officers and employees shall not be liable for any direct, indirect, incidental, special or consequential damages.