BULLISH PIERCING LINE
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 PIERCING LINE
Definition
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.
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
TurkeyBIST 28311779116062.8465.218.420.947.48
Vietnam HNX 73642825758.1560.058.001.546.46
JapanNAGOYA 165965358.1855.216.871.105.77
ArgentinaBUE 1605111765169.9757.976.631.345.30
EgyptEGX 99262436663.6158.006.041.224.81
CanadaCSE 63434115353.7944.878.073.824.25
IndiaBSE 2332214353766661.5553.405.681.464.22
IndiaNSE 141448872498262.7356.155.261.214.05
IndonesiaIDX 2086123063558.9651.635.291.323.97
Vietnam HOSE 2513161596364.2759.634.851.043.81
Poland GPW 2981176290359.1451.225.271.533.74
USOTC PINK 106166480301563.1045.016.662.963.70
USNASDAQ 33144219741213466.3055.225.191.573.62
South KoreaKOSDAQ 137328997521165.6057.854.761.163.59
JapanSAPPORO 52140.0050.004.501.003.50
PakistanKSE 2142139573365.1352.544.721.463.26
TaiwanGTSM 43692605143159.9754.624.180.963.22
ChinaSZSE 32333217601224167.3056.254.111.033.08
CanadaTSX-V 143581635956.8644.006.313.323.00
IsraelTASE 26371791106068.1159.023.930.982.94
NorwayOSE 2256137973261.1353.084.331.402.93
Greece ATHENS 57637221164.5856.723.951.062.89
Hong KongHKEX 99245919285559.6448.234.561.682.89
MalaysiaBURSA 2784155078055.6850.324.311.432.88
SwedenSTOCKHOLM 62693817197860.8951.824.361.552.81
BrazilBOVESPA 41332717150765.7455.473.871.102.77
The World 41469326845514902965.4554.913.851.112.74
PortugalLISBON 2711749064.2151.723.590.872.72
ChinaSSE 2602217413973466.9255.903.660.952.72
PhilippinesPSE 101753427752.5151.873.931.222.72
ArgentinaBUE 1691299476.3372.872.850.142.71
UAEUAE 36120910057.8947.853.741.032.71
Saudi ArabiaTADAWUL 1943122772563.1559.093.420.712.71
South KoreaKRX 111607279415365.2957.003.600.932.66
BangladeshDSE 166297149058.4250.463.951.322.64
DenmarkCOPENHAGEN 113669936861.5352.653.771.132.63
USAMEX 42542913161668.4855.483.731.182.56
QatarQE 34222912566.9654.593.230.722.51
Austria WIENERBORSE 96065237967.9258.133.430.922.51
JordanASE 1891075456.6150.474.351.892.46
USNYSE 35667248651447569.7158.213.340.892.44
ChileBCS 2481478459.2757.143.070.652.42
TaiwanTWSE 64163881213160.4954.913.230.832.40
SpainIBEX 127183145865.3855.113.360.992.37
CanadaTSX 97866463364566.0456.403.290.922.36
ThailandSET 38132173106456.9948.963.431.072.36
UKLSE 129268673478967.1055.223.381.072.31
JapanTOKYO 29375191711027565.2653.603.181.112.07
TurkeyBIST 24918512674.3068.112.370.352.02
PakistanKSE 2021359066.8366.672.250.242.01
FrancePARIS 62273922209963.1453.382.970.972.01
KuwaitKSE 53533617162.8050.893.151.161.99
RussiaMICEX 27320112273.6360.702.500.581.92
MexicoBMV 1482101150568.2249.953.211.331.88
BelgiumBRUSSELS 83052227862.8953.262.720.891.83
AustraliaASX 53343187163659.7551.333.301.501.80
ItalyBORSA 78345246280866.9853.522.680.881.80
GermanyXETRA 134629098497567.5854.682.420.831.59
SingaporeSGX 83944520853.0446.742.651.121.53
BrazilBOVESPA 24715510162.7565.161.810.281.52
SwitzerlandSIX 34392305124267.0353.882.260.851.42
NetherlandsAMSTERDAM 2146144080767.1056.042.110.761.35
ChileBCS 25419411776.3860.311.430.291.14
FOREXFOREX 31423612675.1653.391.330.271.06
NorwayOSE 26720411476.4055.881.100.240.86
MexicoBMV 29220011368.4956.501.210.360.85
SwitzerlandSIX 2101569974.2963.461.050.220.83
ChinaSSE 2221578670.7254.780.950.210.74
JapanTOKYO 25318910874.7057.140.940.210.73
CanadaTSX 1861337971.5159.400.880.180.70
AustraliaASX 2131438867.1461.540.850.160.69
UAEUAE 2411639467.6357.670.920.230.69
Vietnam HOSE 2141538371.5054.250.990.310.68
Poland GPW 28619611468.5358.160.960.280.68
IsraelTASE 2431629966.6761.110.900.230.67
MalaysiaBURSA 2081527773.0850.660.980.340.64
UKLSE 29519911867.4659.300.860.230.63
DenmarkCOPENHAGEN 25117710270.5257.630.800.190.61
IndonesiaIDX 1871488179.1454.730.860.260.59
PhilippinesPSE 2121538472.1754.900.760.200.56
PortugalLISBON 1681176869.6458.120.830.270.56
IndiaNSE 2071457570.0551.720.800.250.55
ThailandSET 2831989369.9646.970.830.280.55
BangladeshDSE 1741186567.8255.080.810.270.53
South KoreaKOSDAQ 1931437774.0953.850.700.200.50
Austria WIENERBORSE 1471036070.0758.250.730.230.50
SpainIBEX 1651187171.5260.170.750.250.49
SwedenSTOCKHOLM 29321111572.0154.500.760.280.48
NetherlandsAMSTERDAM 1611126469.5757.140.710.230.48
BelgiumBRUSSELS 1611126469.5757.140.710.230.48
GermanyXETRA 1571106370.0657.270.720.240.48
FrancePARIS 1581106369.6257.270.720.240.48
ItalyBORSA 1581106369.6257.270.720.240.48
Greece ATHENS 1611116468.9457.660.700.230.48
TaiwanGTSM 1751196868.0057.140.670.260.41
USFOREX 28119910170.8250.750.670.280.40
SingaporeSGX 2011507674.6350.670.580.210.37
Hong KongHKEX 2021446871.2947.220.490.340.15
RussiaMICEX 15920062.880.000.000.000.00
USPREFERRED 21123068.040.000.000.000.00
USWARRANTS 3491065.620.000.000.01-0.01
JapanFUKUOKA 3520957.1445.001.301.72-0.41
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

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.

Candlesticker.com is an independent and free website and all the Services provided by Americanbulls.com LLC at Candlesticker.com are completely free of charge. Americanbulls.com LLC does not receive compensation by any direct or indirect means from the visitors and users of this website (or of any other bulls.com© family websites), and from the stocks, securities and other institutions or any underwriters or dealers associated with the broader national or international forex, commodity and stock markets.

You agree that Candlesticker.com and Americanbulls.com LLC its parent company, subsidiaries, affiliates, officers and employees shall not be liable for any direct, indirect, incidental, special or consequential damages.