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
ChileBCS 199547.3755.5612.891.2211.67
South KoreaKOSDAQ 131692873770.5979.3312.040.5911.44
ChinaSZSE 124497484378.3086.5511.690.3411.35
USWARRANTS 76485.7166.6711.670.5011.17
ThailandSET 111100.00100.0011.000.0011.00
ChinaSSE 83765558078.2688.559.790.239.56
EgyptEGX 1801348374.4461.9410.010.969.05
South KoreaKRX 109467046961.2470.008.990.808.19
OmanMSM 54280.0050.008.250.507.75
PortugalLISBON 108680.0075.006.380.136.25
USPREFERRED 2071478971.0160.547.691.795.90
TurkeyBIST 28720712472.1359.907.952.155.80
UAEUAE 169556.2555.566.221.225.00
Vietnam HNX 91563661.5464.295.860.984.88
The World 2370915992983967.4861.506.241.384.87
IndiaNSE 101464937364.0057.476.301.484.82
RussiaMICEX 87563264.3757.145.771.024.75
IndonesiaIDX 132844563.6453.576.231.564.67
TaiwanGTSM 54035521165.7459.445.691.064.63
ArgentinaBUE 73502868.4956.006.081.484.60
PakistanKSE 30320611767.9956.805.981.594.38
KuwaitKSE 22191286.3663.165.681.424.26
USOTC PINK 2269160382370.9151.157.203.034.17
CanadaCSE 97577.7871.435.571.434.14
SpainIBEX 41191146.3457.894.840.744.11
PhilippinesPSE 34211061.7647.625.671.624.05
IndiaBSE 2439157080764.3751.405.982.023.96
TaiwanTWSE 70841626058.7662.504.880.963.92
IsraelTASE 30618811461.4460.645.031.133.89
MalaysiaBURSA 142824957.7559.765.521.633.89
BrazilBOVESPA 93644068.8262.505.051.483.56
Vietnam HOSE 35219611055.6856.124.571.083.49
JapanTOKYO 126583552466.0162.754.511.033.48
Saudi ArabiaTADAWUL 1401005971.4359.004.641.203.44
DenmarkCOPENHAGEN 44231652.2769.574.300.873.43
Poland GPW 121694557.0265.225.251.833.42
SwedenSTOCKHOLM 2711699662.3656.805.041.633.41
ThailandSET 2431257451.4459.204.761.363.40
USNASDAQ 100068137768.1055.365.001.633.37
Austria WIENERBORSE 158653.3375.004.000.753.25
FrancePARIS 22716510472.6963.034.100.933.17
CanadaTSX 63338421160.6654.954.631.692.94
USAMEX 29020811771.7256.254.191.442.75
UKLSE 122685148269.4156.643.651.032.62
Hong KongHKEX 63339421262.2453.814.181.802.37
USNYSE 115882446671.1656.553.751.522.23
MexicoBMV 96703672.9251.433.000.872.13
JapanFUKUOKA 221100.0050.002.000.002.00
BelgiumBRUSSELS 1913768.4253.852.230.311.92
CanadaTSX-V 2114566.6735.714.072.291.79
AustraliaASX 2221398562.6161.152.600.991.61
QatarQE 2314960.8764.292.711.141.57
SwitzerlandSIX 1731347377.4654.482.571.041.54
JapanNAGOYA 1412785.7158.332.501.081.42
NetherlandsAMSTERDAM 79623178.4850.002.060.731.34
BangladeshDSE 1761277072.1655.122.521.221.30
ItalyBORSA 37526815571.4757.842.071.041.03
GermanyXETRA 56641923874.0356.801.830.850.98
SingaporeSGX 4622847.8336.361.861.000.86
NorwayOSE 85472255.2946.812.702.210.49
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 2517668.0035.291.883.35-1.47
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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