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.
This is a bottom reversal pattern with two candlesticks. A black candlestick appears on the first day while a downtrend is in progress. The second day opens at a new low, with a gap down and closes more than halfway into the prior black body, leading to the formation of a strong white candlestick.
Recognition Criteria
1. The market is characterized by a prevailing downtrend.
2. A black candlestick appears on the first day.
3. A white candlestick opens on the second day with a gap down and closes more than halfway into the body of the first day.
4. The second day fails to close above the body of the first day.
Pattern Requirements and Flexibility
The first day of the Bullish Piercing Line pattern is a normal or long black candlestick. The second day should open well below the close of the first day and close more than halfway into the prior black candlestick’s body. However, the close of the second day must stay inside the body of the first day.
Trader’s Behavior
The market moves in a downtrend. The first black body reinforces this view. The next day the market opens lower via a gap, showing that the bearishness still persists. After this very bearish open, bulls decide to take the lead. The market surges toward the close, prices start to go up resulting in a close way above the previous day’s close. Now the bears are losing their confidence and are reevaluating their short positions. The potential buyers start thinking that new lows may not hold and perhaps it is time to take long positions.
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.
Pattern Performance in Stock Exchanges since 1/1/2020
Stock Exchange 
Per Trade 
Total Net% Descending
JapanSAPPORO 52140.0050.004.501.003.50
ArgentinaBUE 1561178675.0073.502.860.152.71
TurkeyBIST 23117211874.4668.602.440.342.10
RussiaMICEX 24617811072.3661.802.500.581.92
PakistanKSE 1801238368.3367.482.140.221.92
BrazilBOVESPA 2141328961.6867.422.030.271.76
FOREXFOREX 28921411374.0552.801.420.281.14
ChileBCS 2061529073.7959.211.320.291.03
MexicoBMV 2521679666.2757.491.320.350.97
SwitzerlandSIX 1811348774.0364.931.130.200.93
NorwayOSE 2281739675.8855.491.100.240.86
Vietnam HOSE 1801257169.4456.801.090.290.80
ChinaSSE 1881357571.8155.561.000.220.78
UAEUAE 2141438566.8259.441.010.240.78
CanadaTSX 1661146768.6758.770.950.180.77
Poland GPW 23516510270.2161.821.010.250.76
JapanTOKYO 2251729976.4457.560.950.220.74
IsraelTASE 2161448766.6760.420.960.220.74
UKLSE 25817110766.2862.570.940.220.73
MalaysiaBURSA 1821296970.8853.491.030.320.71
DenmarkCOPENHAGEN 2181518669.2756.950.850.190.67
IndonesiaIDX 1521186977.6358.470.880.220.66
ThailandSET 2431667868.3146.990.920.280.64
PhilippinesPSE 1741216969.5457.020.820.190.63
PortugalLISBON 1531066069.2856.600.890.270.61
IndiaNSE 1841266868.4853.970.860.250.61
BangladeshDSE 1501056170.0058.100.830.240.59
Austria WIENERBORSE 131925270.2356.520.780.220.57
Greece ATHENS 142995669.7256.570.760.200.56
SpainIBEX 1481056170.9558.100.800.250.55
NetherlandsAMSTERDAM 1411005670.9256.000.770.220.55
BelgiumBRUSSELS 1411005670.9256.000.770.220.55
ItalyBORSA 139995571.2255.560.770.220.55
FrancePARIS 139995571.2255.560.770.220.55
GermanyXETRA 139995571.2255.560.770.220.55
SwedenSTOCKHOLM 2501849773.6052.720.780.290.48
South KoreaKOSDAQ 1561106270.5156.360.650.170.48
USFOREX 2481819572.9852.490.700.270.44
TaiwanGTSM 1531045867.9755.770.680.270.41
SingaporeSGX 1731296974.5753.490.570.180.39
DenmarkCOPENHAGEN 9837663.170.970.150.000.15
Hong KongHKEX 1721205969.7749.170.510.380.13
PortugalLISBON 2457366.531.840.120.010.11
BangladeshDSE 15743258.
ThailandSET 30893257.
RussiaMICEX 16844361.520.
KuwaitKSE 4464362.561.
TaiwanTWSE 54243258.680.
SwedenSTOCKHOLM 51756461.
IndiaBSE 187824460.880.
IsraelTASE 22045169.
IndiaNSE 125204361.440.
FrancePARIS 54453262.770.
ItalyBORSA 65506466.
South KoreaKOSDAQ 113001166.
TaiwanGTSM 38002158.660.
USAMEX 36895269.
NetherlandsAMSTERDAM 18103266.630.
USNASDAQ 288728366.370.
GermanyXETRA 111721166.440.
USNYSE 304158469.930.
JapanTOKYO 254718564.490.
UKLSE 114151167.
PakistanKSE 18280064.610.
TurkeyBIST 22070063.890.
SingaporeSGX 7650052.680.
Vietnam HNX 6960056.320.
USOTC PINK 83410063.
CanadaCSE 6260054.310.
CanadaTSX-V 13650056.340.
BelgiumBRUSSELS 7330062.480.
BrazilBOVESPA 32990064.600.
Austria WIENERBORSE 5120069.920.
ArgentinaBUE 10840070.
AustraliaASX 1820066.480.
ChileBCS 1790059.780.
SwitzerlandSIX 28870066.570.
ChinaSZSE 254630067.690.
ChinaSSE 198799367.450.
Greece ATHENS 4710062.630.
SpainIBEX 11030065.460.
Saudi ArabiaTADAWUL 15510062.800.
QatarQE 2790068.
MalaysiaBURSA 24870054.320.
MexicoBMV 13350067.870.
JordanASE 1670054.490.
IndonesiaIDX 16580058.990.
JapanNAGOYA 1400055.710.
JapanFUKUOKA 260057.690.
AustraliaASX 47641059.
PhilippinesPSE 9343154.390.
CanadaTSX 84204166.
South KoreaKRX 94961065.400.
Vietnam HOSE 23877362.
Poland GPW 25772058.320.
Hong KongHKEX 87973059.740.
NorwayOSE 17472161.420.
UAEUAE 2801057.500.
USWARRANTS 3491065.620.000.000.01-0.01
EgyptEGX 8793164.730.180.000.02-0.02
OmanMSM 95255.5640.001.202.40-1.20
USOTCBB 157346.6742.862.005.57-3.57
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


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