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 1/1/2021
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
South KoreaKOSDAQ 109172556566.4577.9312.380.6211.76
EgyptEGX 1871399674.3369.0612.491.0411.45
ThailandSET 111100.00100.0011.000.0011.00
ChinaSZSE 15521208103277.8485.4311.230.3910.84
ChinaSSE 112386873177.2984.229.450.309.15
South KoreaKRX 103458240356.3869.138.790.807.99
OmanMSM 54280.0050.008.250.507.75
ChileBCS 34211461.7666.678.160.917.25
TurkeyBIST 26517311265.2864.749.222.376.85
BangladeshDSE 42250.00100.006.000.006.00
MalaysiaBURSA 109603355.0555.008.292.355.94
ArgentinaBUE 145976169.6660.407.181.375.81
USNASDAQ 125585748168.5355.937.571.905.67
TaiwanGTSM 63240824864.5660.786.100.965.15
IndiaNSE 104766040063.7159.976.321.215.11
Vietnam HNX 117774665.8159.746.091.264.83
Austria WIENERBORSE 39231458.9760.875.871.224.64
The World 29285193291169767.1459.495.861.314.54
IsraelTASE 40624414560.3459.185.251.214.04
IndiaBSE 32692152117565.9254.525.791.794.00
UAEUAE 2015975.0060.004.510.593.93
Poland GPW 88533160.2358.495.141.253.89
IndonesiaIDX 2471546862.3544.165.761.913.86
SwedenSTOCKHOLM 44227114061.3151.665.811.953.85
USOTC PINK 30992111110369.7651.025.862.433.44
TaiwanTWSE 77946628059.8260.094.360.943.41
Hong KongHKEX 67339921459.2953.635.301.923.38
ThailandSET 2861568454.5553.854.631.333.30
JapanTOKYO 140296158068.5460.354.391.103.30
PakistanKSE 2601809769.2353.894.921.793.13
Saudi ArabiaTADAWUL 1761236569.8952.854.321.233.09
UKLSE 1681113966167.8257.983.931.032.91
FrancePARIS 31322212570.9356.313.830.942.89
MexicoBMV 84613472.6255.743.540.872.66
CanadaTSX 73345925062.6254.474.211.572.64
SingaporeSGX 49231246.9452.173.440.802.64
Vietnam HOSE 48727814857.0853.243.941.512.44
USAMEX 39727516469.2759.643.421.122.30
BrazilBOVESPA 1631096366.8757.803.511.262.25
USNYSE 1547113065273.0457.703.521.312.21
SwitzerlandSIX 31422012470.0656.362.960.862.11
PhilippinesPSE 3120864.5240.003.701.781.91
Greece ATHENS 45331173.3333.334.832.931.90
SpainIBEX 4523951.1139.133.751.861.89
BangladeshDSE 146994767.8147.473.201.341.85
JordanASE 63150.0033.332.010.171.84
KuwaitKSE 28201171.4355.003.882.061.82
DenmarkCOPENHAGEN 69432462.3255.813.011.311.70
AustraliaASX 31621512468.0457.672.741.051.69
CanadaTSX-V 38281273.6842.864.122.431.69
NorwayOSE 1671004459.8844.003.932.261.67
NetherlandsAMSTERDAM 129884768.2253.412.220.611.61
JapanNAGOYA 97277.7828.573.231.781.45
BelgiumBRUSSELS 2012760.0058.332.200.771.43
JapanFUKUOKA 221100.0050.001.520.141.37
ItalyBORSA 56939621969.6055.302.210.951.25
GermanyXETRA 91064635370.9954.642.040.861.18
QatarQE 26171265.3870.592.251.440.81
USFOREX 221100.0050.000.500.000.50
USWARRANTS 450057.780.000.000.000.00
IndiaNSE 110100.000.000.000.000.00
PakistanKSE 1000.000.000.000.000.00
PhilippinesPSE 110100.000.000.000.000.00
SwedenSTOCKHOLM 1000.000.000.000.000.00
RussiaMICEX 810061.730.000.000.000.00
USPREFERRED 2562073.830.000.000.13-0.13
PortugalLISBON 118272.7325.001.042.36-1.31
RussiaMICEX 110100.000.000.002.00-2.00
CanadaCSE 1911457.8936.363.385.76-2.38
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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