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 444100.00100.0041.500.0041.50
USOTCBB 332100.0066.6715.671.0014.67
ChinaSZSE 122198182680.3484.2013.910.9113.00
ChinaSSE 79664254480.6584.7410.680.779.91
South KoreaKOSDAQ 129289872369.5080.518.650.558.09
EgyptEGX 1991497874.8752.358.601.427.18
OmanMSM 54180.0025.007.500.507.00
TaiwanGTSM 77351932767.1463.016.971.005.97
TaiwanTWSE 101064143963.4768.496.580.805.78
ChileBCS 136346.1550.007.001.335.67
South KoreaKRX 109166346360.7769.835.650.814.84
KuwaitKSE 28201271.4360.006.251.604.65
UAEUAE 24161066.6762.505.250.754.50
PhilippinesPSE 35211060.0047.625.861.524.33
DenmarkCOPENHAGEN 42231554.7665.225.130.914.22
The World 2326315460936066.5360.485.601.454.16
RussiaMICEX 67441665.6736.365.481.364.11
IndonesiaIDX 148854057.4347.065.691.594.11
USPREFERRED 2421669168.6054.825.731.694.05
JordanASE 106460.0066.674.670.833.83
CanadaCSE 65383.3360.004.400.803.60
JapanTOKYO 1725118174668.4663.174.531.023.51
PortugalLISBON 1411778.5763.644.911.553.36
Hong KongHKEX 54832517559.3153.854.921.603.32
FrancePARIS 2141488769.1658.784.240.993.26
PakistanKSE 30019410164.6752.064.961.843.13
BelgiumBRUSSELS 159760.0077.784.221.113.11
Saudi ArabiaTADAWUL 2101478570.0057.824.391.293.11
CanadaTSX-V 1812666.6750.005.172.083.08
SpainIBEX 40171242.5070.593.650.712.94
MalaysiaBURSA 136764655.8860.534.631.742.89
USNASDAQ 110575143067.9657.264.501.652.85
USAMEX 2651789567.1753.374.621.842.78
BrazilBOVESPA 78503064.1060.004.441.742.70
IndiaNSE 87953929561.7754.334.221.632.59
CanadaTSX 71144627362.7361.213.931.342.59
IndiaBSE 2023124358361.4946.864.872.412.46
MexicoBMV 98764677.5560.533.090.632.46
Vietnam HOSE 2941779260.2051.983.721.332.39
IsraelTASE 2631528257.7953.953.781.612.18
QatarQE 27181166.6761.113.111.002.11
Poland GPW 126765060.3265.793.741.672.07
UKLSE 110675040868.0854.183.071.032.04
USOTC PINK 1919130860368.5845.825.143.241.90
USNYSE 119582747369.2157.193.171.381.80
ThailandSET 2071046050.2457.693.181.431.75
AustraliaASX 2181247656.8861.292.710.981.73
TurkeyBIST 27118210567.1657.693.922.191.73
Vietnam HNX 95653768.4256.923.281.551.72
ArgentinaBUE 46281560.8753.573.572.041.54
SwedenSTOCKHOLM 2701678461.8550.303.331.891.44
BangladeshDSE 1811256569.0652.002.871.501.38
NetherlandsAMSTERDAM 70502671.4352.001.820.801.02
GermanyXETRA 37322611060.5948.672.121.350.77
SingaporeSGX 70371652.8643.241.841.140.70
JapanNAGOYA 1211591.6745.451.360.730.64
ItalyBORSA 34623911869.0849.371.651.170.48
SwitzerlandSIX 138914465.9448.351.841.400.44
NorwayOSE 80431553.7534.882.332.140.19
JapanFUKUOKA 75271.4340.001.001.000.00
BangladeshDSE 1000.000.000.000.000.00
USFOREX 110100.000.000.000.000.00
PakistanKSE 1000.000.000.000.000.00
PhilippinesPSE 110100.000.000.000.000.00
Greece ATHENS 2015675.0040.002.733.87-1.13
Austria WIENERBORSE 2514456.0028.571.212.36-1.14
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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