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 1/1/2016
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
USWARRANTS 333100.00100.0021.670.0021.67
QatarQE 22171077.2758.8215.880.7615.12
USOTCBB 332100.0066.6715.671.0014.67
ChinaSZSE 81859740672.9868.0112.631.7810.85
PortugalLISBON 149764.2977.7810.440.679.78
UAEUAE 20161380.0081.258.250.317.94
South KoreaKOSDAQ 113991871580.6077.898.020.537.49
ChinaSSE 45933921373.8662.838.541.706.84
TaiwanGTSM 77355836172.1964.706.740.835.91
TaiwanTWSE 103574952572.3770.096.490.625.87
EgyptEGX 1841346872.8350.756.741.255.49
ArgentinaBUE 38221357.8959.096.000.915.09
PakistanKSE 26618210468.4257.146.261.684.58
OmanMSM 128466.6750.006.382.004.38
Saudi ArabiaTADAWUL 24317412171.6069.545.090.804.29
IndiaNSE 76550129065.7557.655.581.434.16
DenmarkCOPENHAGEN 38311881.5858.065.001.233.77
The World 2111614756881769.9359.714.941.223.72
MalaysiaBURSA 99674467.6865.674.450.753.70
Hong KongHKEX 59139721267.1753.405.101.453.64
TurkeyBIST 1921197061.9858.824.440.843.60
South KoreaKRX 85864442975.0666.614.310.753.56
USAMEX 2491619764.6660.254.470.973.50
RussiaMICEX 88552462.5043.644.240.893.35
IndiaBSE 2067134766265.1749.155.502.183.32
USNASDAQ 102968840666.8659.014.341.083.26
Vietnam HOSE 2171387563.5954.354.231.262.97
Poland GPW 118684857.6370.593.750.822.93
CanadaTSX 71449231868.9164.633.580.662.91
ThailandSET 135835561.4866.273.610.712.90
JapanTOKYO 138599964172.1364.163.580.792.79
JordanASE 117463.6457.144.001.292.71
IndonesiaIDX 115723262.6144.444.111.462.65
CanadaTSX-V 1712670.5950.004.171.582.58
NorwayOSE 74462062.1643.483.801.332.48
USPREFERRED 2071408767.6362.142.940.492.45
FrancePARIS 1911347870.1658.213.120.672.45
BangladeshDSE 2121387865.0956.523.521.332.19
BrazilBOVESPA 63483076.1962.502.920.772.15
USNYSE 126087654969.5262.672.700.612.10
MexicoBMV 112875577.6863.222.780.712.07
SpainIBEX 39231558.9765.222.870.872.00
AustraliaASX 1751247570.8660.482.500.641.86
UKLSE 110780043472.2754.252.800.981.82
IsraelTASE 2231578570.4054.142.901.191.71
SwedenSTOCKHOLM 2251578269.7852.233.241.531.71
Vietnam HNX 105714067.6256.343.321.731.59
BelgiumBRUSSELS 107470.0057.142.000.431.57
PhilippinesPSE 3020966.6745.002.701.201.50
CanadaCSE 663100.0050.003.672.171.50
USOTC PINK 1834122657667.2846.684.212.791.42
KuwaitKSE 36211058.3347.623.052.001.05
JapanNAGOYA 1110690.9160.001.700.701.00
NetherlandsAMSTERDAM 84613272.6252.461.510.620.89
GermanyXETRA 31021410369.0348.131.921.100.82
ItalyBORSA 38328415374.1553.871.540.790.75
Greece ATHENS 33221166.6750.003.683.000.68
JapanFUKUOKA 53260.0066.671.671.000.67
SwitzerlandSIX 1571105270.0647.271.320.850.47
SingaporeSGX 63451871.4340.001.531.270.27
BangladeshDSE 1000.000.000.000.000.00
PakistanKSE 1000.000.000.000.000.00
PhilippinesPSE 110100.000.000.000.000.00
Austria WIENERBORSE 1713576.4738.461.771.85-0.08
ChileBCS 53060.000.000.000.33-0.33
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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