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 111100.00100.0021.000.0021.00
USOTCBB 332100.0066.6715.671.0014.67
Greece ATHENS 86375.0050.0014.830.8314.00
JordanASE 105350.0060.0013.000.8012.20
South KoreaKOSDAQ 74264055186.3985.968.730.248.49
PortugalLISBON 86675.00100.008.170.008.17
ArgentinaBUE 2210645.4560.007.900.907.00
ChinaSZSE 2311268154.5564.296.750.905.84
PhilippinesPSE 94144.4425.005.750.755.00
Saudi ArabiaTADAWUL 72453362.5073.335.440.534.91
South KoreaKRX 50239129477.8975.195.170.604.57
PakistanKSE 1671106265.8756.365.541.194.35
RussiaMICEX 41281470.7348.284.930.764.17
Vietnam HOSE 154875256.4959.774.901.033.86
DenmarkCOPENHAGEN 1511773.3363.644.911.093.82
IndiaBSE 104167834365.1350.595.391.883.51
JapanTOKYO 49334122969.1767.164.160.683.47
IndiaNSE 43230417970.6058.694.801.353.45
The World 94416536391969.2859.914.531.173.36
SpainIBEX 167643.7585.713.710.433.29
KuwaitKSE 1511873.3372.735.091.823.27
Poland GPW 67332449.2572.734.150.913.24
TaiwanTWSE 32022814571.2563.603.990.773.22
USNASDAQ 46331619168.2560.443.990.883.11
ChinaSSE 153895958.1766.293.900.803.10
MalaysiaBURSA 47352274.4762.863.830.892.94
USAMEX 58372563.7967.573.540.682.86
MexicoBMV 58402368.9757.503.450.632.83
UAEUAE 84250.0050.004.001.252.75
TaiwanGTSM 28119911270.8256.283.611.022.60
FrancePARIS 77573174.0354.393.350.952.40
ThailandSET 75473062.6763.833.060.772.30
SwedenSTOCKHOLM 1511125974.1752.683.781.762.02
Hong KongHKEX 29420310569.0551.723.781.772.01
BelgiumBRUSSELS 664100.0066.672.170.172.00
USOTC PINK 71147321766.8145.685.393.421.96
IsraelTASE 101673966.3458.212.870.971.90
BangladeshDSE 81613575.3157.382.540.771.77
USNYSE 53535420366.1757.342.360.651.71
TurkeyBIST 103703367.9647.142.661.071.59
UKLSE 46233116571.6549.852.781.221.56
EgyptEGX 79562470.8942.862.801.251.55
IndonesiaIDX 31161051.6162.502.060.561.50
Vietnam HNX 69462766.6758.702.801.431.37
USPREFERRED 104663663.4654.551.910.551.36
AustraliaASX 80563370.0058.932.230.881.36
CanadaTSX 2371509663.2964.002.260.911.35
NorwayOSE 2516564.0031.252.501.251.25
QatarQE 96466.6766.672.171.001.17
JapanFUKUOKA 221100.0050.002.001.001.00
BrazilBOVESPA 24181175.0061.111.940.941.00
JapanNAGOYA 995100.0055.561.330.780.56
GermanyXETRA 1761174766.4840.171.891.570.32
ItalyBORSA 1651236274.5550.411.040.820.22
PakistanKSE 1000.000.000.000.000.00
PhilippinesPSE 110100.000.000.000.000.00
BangladeshDSE 1000.000.000.000.000.00
CanadaCSE 54280.0050.002.502.500.00
ChileBCS 2000.000.000.000.000.00
SwitzerlandSIX 63461573.0232.611.201.28-0.09
NetherlandsAMSTERDAM 2924982.7637.500.670.96-0.29
SingaporeSGX 1510266.6720.000.500.80-0.30
OmanMSM 32066.670.000.001.00-1.00
Austria WIENERBORSE 86075.000.000.003.00-3.00
CanadaTSX-V 74057.140.000.005.50-5.50
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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