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 1/1/2022
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
ThailandSET 111100.00100.0011.000.0011.00
OmanMSM 54280.0050.008.250.507.75
BangladeshDSE 42250.00100.006.000.006.00
Austria WIENERBORSE 401150.005.000.610.000.61
USFOREX 221100.0050.000.500.000.50
ChinaSSE 10993375.800.360.060.000.06
The World 2913615410467.710.530.050.010.05
AustraliaASX 2801168.210.520.030.000.03
TaiwanGTSM 6052162.810.260.020.000.02
ItalyBORSA 5450071.190.000.000.000.00
IndiaNSE 10390063.040.000.000.000.00
IndiaNSE 110100.000.000.000.000.00
KuwaitKSE 310067.740.000.000.000.00
EgyptEGX 1780075.280.000.000.000.00
JordanASE 50020.000.000.000.000.00
South KoreaKOSDAQ 11120065.650.000.000.000.00
South KoreaKRX 10810058.280.000.000.000.00
JapanTOKYO 13000066.920.000.000.000.00
NorwayOSE 1690059.760.000.000.000.00
NetherlandsAMSTERDAM 1250068.800.000.000.000.00
MalaysiaBURSA 1310061.830.000.000.000.00
MexicoBMV 800075.000.000.000.000.00
UAEUAE 200070.000.000.000.000.00
Saudi ArabiaTADAWUL 1910068.060.000.000.000.00
QatarQE 250064.000.000.000.000.00
IndonesiaIDX 3070064.170.000.000.000.00
Hong KongHKEX 6770058.050.000.000.000.00
Greece ATHENS 410070.730.000.000.000.00
FrancePARIS 2630069.200.000.000.000.00
SpainIBEX 380052.630.000.000.000.00
DenmarkCOPENHAGEN 650061.540.000.000.000.00
GermanyXETRA 8590070.660.000.000.000.00
ChinaSZSE 14250079.090.000.000.000.00
SwitzerlandSIX 2920069.860.000.000.000.00
CanadaTSX 6560068.900.000.000.000.00
CanadaCSE 210061.900.000.000.000.00
CanadaTSX-V 380065.790.000.000.000.00
BrazilBOVESPA 1880068.620.000.000.000.00
BelgiumBRUSSELS 210057.140.000.000.000.00
ChileBCS 280067.860.000.000.000.00
BangladeshDSE 1870065.240.000.000.000.00
SingaporeSGX 460054.350.000.000.000.00
SwedenSTOCKHOLM 4520062.610.000.000.000.00
SwedenSTOCKHOLM 1000.000.000.000.000.00
RussiaMICEX 810061.730.000.000.000.00
ArgentinaBUE 930072.040.000.000.000.00
ThailandSET 2970053.200.000.000.000.00
PortugalLISBON 100070.000.000.000.000.00
Poland GPW 1060059.430.000.000.000.00
PakistanKSE 2470071.660.000.000.000.00
PakistanKSE 1000.000.000.000.000.00
PhilippinesPSE 110100.000.000.000.000.00
Vietnam HNX 1360066.180.000.000.000.00
USWARRANTS 450057.780.000.000.000.00
USOTC PINK 33710070.930.000.000.000.00
USNYSE 15880076.010.000.000.000.00
USNASDAQ 12490069.900.000.000.000.00
TaiwanTWSE 7390058.730.000.000.000.00
JapanNAGOYA 60083.330.000.000.000.00
USAMEX 4640074.350.000.000.000.00
UKLSE 15920070.410.000.000.000.00
IndiaBSE 32351066.060.000.000.000.00
TurkeyBIST 2722166.180.560.010.020.00
Vietnam HOSE 4823155.390.370.020.03-0.01
IsraelTASE 3832059.790.000.000.01-0.01
JapanFUKUOKA 41075.000.000.000.10-0.10
USPREFERRED 2562073.830.000.000.13-0.13
PhilippinesPSE 261065.380.000.000.46-0.46
RussiaMICEX 110100.000.000.002.00-2.00
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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