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
USWARRANTS 76585.7183.3311.830.1711.67
ChinaSZSE 125798184878.0486.4411.700.3311.38
South KoreaKOSDAQ 130191873170.5679.6311.870.5811.29
ThailandSET 111100.00100.0011.000.0011.00
ChileBCS 2010650.0060.0012.001.1010.90
ChinaSSE 84866458878.3088.559.870.239.64
EgyptEGX 1871378673.2662.779.970.939.04
South KoreaKRX 109567146961.2869.908.880.828.07
OmanMSM 54280.0050.008.250.507.75
PortugalLISBON 97577.7871.436.000.145.86
TurkeyBIST 29120912571.8259.817.992.145.85
USPREFERRED 1981428671.7260.567.431.855.58
Vietnam HNX 93573861.2966.676.120.685.44
KuwaitKSE 20171285.0070.596.351.005.35
TaiwanGTSM 60639123864.5260.876.211.005.22
ArgentinaBUE 73512969.8656.866.351.454.90
The World 24267163781005567.5261.366.191.364.84
IndonesiaIDX 141904763.8352.226.321.564.77
IndiaNSE 102765838064.0757.756.231.474.76
UAEUAE 1811761.1163.645.551.004.55
PakistanKSE 30720911968.0856.946.001.574.43
Poland GPW 122704757.3867.145.210.974.24
USOTC PINK 2385168585970.9050.807.032.944.09
TaiwanTWSE 75845028859.3764.005.000.914.09
RussiaMICEX 98623564.2955.565.101.024.08
IndiaBSE 2496160882864.4251.496.051.994.06
PhilippinesPSE 34211061.7647.625.671.624.05
IsraelTASE 30919011661.8160.734.991.123.87
SpainIBEX 42201147.6255.004.600.753.85
MalaysiaBURSA 150885258.6759.095.301.603.69
SwedenSTOCKHOLM 2781759962.9556.575.101.593.51
JapanTOKYO 128084252665.7862.474.501.033.47
Saudi ArabiaTADAWUL 1401005971.4359.004.641.203.44
DenmarkCOPENHAGEN 45241753.3370.834.170.833.33
Austria WIENERBORSE 158653.3375.004.000.753.25
CanadaCSE 118572.7362.504.881.633.25
ThailandSET 2691438453.1658.744.581.343.24
FrancePARIS 22316310373.0963.194.150.913.23
Vietnam HOSE 35019810656.5753.544.461.263.20
USNASDAQ 103470839168.4755.234.831.653.18
BrazilBOVESPA 106713966.9854.934.371.612.76
CanadaTSX-V 2416666.6737.505.192.442.75
CanadaTSX 62437820960.5855.294.421.672.74
USAMEX 30121612071.7655.564.131.412.72
UKLSE 126888250269.5656.923.631.002.62
Hong KongHKEX 64439921061.9652.634.401.832.57
MexicoBMV 108764270.3755.263.280.802.47
USNYSE 116183046571.4956.023.651.492.17
JapanFUKUOKA 221100.0050.002.000.002.00
BelgiumBRUSSELS 2013765.0053.852.230.311.92
JapanNAGOYA 1311784.6263.642.731.001.73
QatarQE 2414958.3364.292.711.141.57
AustraliaASX 2301448662.6159.722.561.031.52
SwitzerlandSIX 1761367577.2755.152.541.041.50
BangladeshDSE 1801307372.2256.152.661.191.47
NetherlandsAMSTERDAM 78613178.2150.822.100.741.36
GermanyXETRA 55841623974.5557.451.800.691.11
ItalyBORSA 39328616472.7757.342.030.981.05
SingaporeSGX 47251053.1940.001.840.880.96
NorwayOSE 90492354.4446.942.612.120.49
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 2819767.8636.841.743.11-1.37
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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