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 1/1/2018
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
JordanASE 94344.4475.0016.250.0016.25
USOTCBB 332100.0066.6715.671.0014.67
BangladeshDSE 21150.00100.0012.000.0012.00
ChileBCS 189550.0055.5612.891.2211.67
South KoreaKOSDAQ 131492473370.4079.2412.020.5911.43
ChinaSZSE 123496783778.3686.5611.710.3411.37
ThailandSET 111100.00100.0011.000.0011.00
ChinaSSE 83265858279.0988.459.760.239.53
EgyptEGX 1731308075.1461.5410.290.979.32
USWARRANTS 443100.0075.009.750.509.25
South KoreaKRX 108566146361.1169.838.960.808.16
OmanMSM 54280.0050.008.250.507.75
PortugalLISBON 98688.8975.006.380.136.25
TurkeyBIST 26617910367.2957.548.362.356.02
USPREFERRED 2171569171.8958.337.261.765.50
RussiaMICEX 76452159.2146.676.491.275.22
UAEUAE 169556.2555.566.221.225.00
The World 2313915565957367.3061.486.281.394.89
ArgentinaBUE 71472766.2057.456.211.384.83
IndiaNSE 97763036164.4857.306.351.534.82
IndonesiaIDX 131854564.8952.946.151.554.60
Vietnam HNX 86553563.9563.645.581.004.58
TaiwanGTSM 52834920766.1059.315.631.074.56
PakistanKSE 29019611267.5957.146.061.604.46
PhilippinesPSE 33201060.6150.005.951.554.40
KuwaitKSE 22191286.3663.165.681.424.26
USOTC PINK 2145152377971.0051.157.323.174.15
IndiaBSE 2331150077164.3551.406.012.053.96
TaiwanTWSE 68640425358.8962.624.860.983.88
IsraelTASE 29517910660.6859.224.971.183.79
MalaysiaBURSA 142825057.7560.985.211.633.57
BrazilBOVESPA 87563564.3762.505.071.573.50
JapanTOKYO 125082752066.1662.884.531.043.49
Vietnam HOSE 34318810654.8156.384.561.093.47
USNASDAQ 97466837068.5855.395.061.623.45
SpainIBEX 40181045.0055.564.220.783.44
DenmarkCOPENHAGEN 44231652.2769.574.300.873.43
Saudi ArabiaTADAWUL 1401005971.4359.004.591.203.39
SwedenSTOCKHOLM 2711719663.1056.145.071.683.39
Poland GPW 127694554.3365.225.261.993.28
ThailandSET 2421247251.2458.064.771.533.24
FrancePARIS 22316110272.2063.354.160.943.22
CanadaTSX 63138020960.2255.004.621.702.92
USAMEX 28320311471.7356.164.221.462.76
CanadaCSE 74257.1450.005.252.502.75
UKLSE 118481045168.5855.543.661.052.61
Hong KongHKEX 62138320661.6753.794.161.782.38
Austria WIENERBORSE 169656.2566.673.561.222.33
USNYSE 114781646071.2356.303.761.532.23
MexicoBMV 90663373.3350.003.020.882.14
JapanFUKUOKA 221100.0050.002.000.002.00
BelgiumBRUSSELS 1913768.4253.852.230.311.92
CanadaTSX-V 2114566.6735.714.142.291.86
JapanNAGOYA 1311784.6263.642.731.001.73
SwitzerlandSIX 1671286976.6553.912.670.991.68
AustraliaASX 2211388562.4461.592.560.991.57
QatarQE 2314960.8764.292.711.141.57
NetherlandsAMSTERDAM 81633277.7850.792.080.711.37
BangladeshDSE 1641166370.7354.312.451.261.19
ItalyBORSA 37226315370.9757.952.101.031.07
GermanyXETRA 55540323272.6157.571.840.781.06
SingaporeSGX 4522848.8936.361.861.000.86
NorwayOSE 84462154.7645.652.592.260.33
IndiaNSE 110100.000.000.000.000.00
USFOREX 110100.000.000.000.000.00
SwedenSTOCKHOLM 1000.000.000.000.000.00
PakistanKSE 1000.000.000.000.000.00
PhilippinesPSE 110100.000.000.000.000.00
Greece ATHENS 2416666.6737.502.003.50-1.50
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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