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 1/1/2015
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
USOTCBB 332100.0066.6715.671.0014.67
ChinaSZSE 54239026571.9667.9514.662.1312.54
OmanMSM 43175.0033.3310.000.679.33
South KoreaKOSDAQ 78465356783.2986.838.780.268.53
EgyptEGX 1451065373.1050.007.731.306.42
TaiwanTWSE 76154839172.0171.357.050.646.41
TaiwanGTSM 61343828471.4564.847.090.906.19
ChinaSSE 30521613670.8262.968.352.176.18
PortugalLISBON 107670.0085.716.290.296.00
PakistanKSE 1901226964.2156.567.171.255.93
USAMEX 93613865.5962.307.101.695.41
South KoreaKRX 53441031876.7877.565.480.504.97
DenmarkCOPENHAGEN 25191376.0068.425.740.894.84
CanadaCSE 54380.0075.005.500.754.75
Saudi ArabiaTADAWUL 1741197868.3965.555.341.004.34
The World 142369933602369.8260.605.051.183.87
MalaysiaBURSA 59392466.1061.544.380.673.72
Vietnam HOSE 1891197162.9659.664.651.033.61
Hong KongHKEX 36724013165.4054.585.171.573.60
IndiaBSE 132585843764.8350.875.331.933.40
IndonesiaIDX 69432062.3246.514.331.073.26
BelgiumBRUSSELS 86575.0083.333.330.173.17
JordanASE 106460.0066.674.671.503.17
IndiaNSE 53336520668.6756.284.351.422.93
USNASDAQ 76952131067.8859.394.051.152.91
ThailandSET 88593767.0562.713.580.802.78
QatarQE 1913868.4261.543.460.692.77
RussiaMICEX 44281365.9144.833.410.662.76
KuwaitKSE 26181069.2355.564.611.942.67
JapanTOKYO 105874346170.2362.053.420.802.61
ArgentinaBUE 2715655.5640.004.331.802.53
Poland GPW 89533559.5566.043.230.742.49
CanadaTSX 42630220370.8967.223.160.672.49
Greece ATHENS 128566.6762.503.631.252.38
TurkeyBIST 153945561.4458.513.130.762.37
MexicoBMV 82603973.1765.002.900.582.32
UAEUAE 1712770.5958.333.501.252.25
AustraliaASX 110714864.5567.612.680.482.20
USPREFERRED 1611106068.3254.552.750.592.15
BrazilBOVESPA 47322068.0962.502.970.912.06
FrancePARIS 126965576.1957.292.700.741.96
UKLSE 69249726871.8253.922.790.951.85
SpainIBEX 2212854.5566.672.831.001.83
NorwayOSE 45281062.2235.712.961.141.82
USNYSE 88059536167.6160.672.320.591.73
IsraelTASE 1381015273.1951.492.901.221.68
SwedenSTOCKHOLM 1761206068.1850.003.121.581.53
BangladeshDSE 112794070.5450.632.821.351.47
Vietnam HNX 87583266.6755.173.051.841.21
USOTC PINK 107873632768.4644.313.852.761.09
GermanyXETRA 2221466365.7743.152.281.470.81
PhilippinesPSE 2111352.3827.272.271.640.64
ItalyBORSA 2281728275.4447.671.290.760.53
JapanNAGOYA 97477.7857.141.000.570.43
SingaporeSGX 44291165.9137.931.381.280.10
CanadaTSX-V 129475.0044.442.562.560.00
BangladeshDSE 1000.000.000.000.000.00
ChileBCS 21150.00100.000.000.000.00
PhilippinesPSE 110100.000.000.000.000.00
PakistanKSE 1000.000.000.000.000.00
SwitzerlandSIX 78552370.5141.821.151.20-0.05
NetherlandsAMSTERDAM 44321472.7343.750.560.84-0.28
JapanFUKUOKA 53160.0033.330.671.67-1.00
Austria WIENERBORSE 107170.0014.290.291.86-1.57
USWARRANTS 42150.0050.004.507.00-2.50
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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