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 1/1/2016
Stock Exchange 
Per Trade 
Total Net% Descending
ArgentinaBUE 31319711363.2657.076.631.055.59
Greece ATHENS 2111347663.5156.725.511.254.26
EgyptEGX 42227415064.9354.745.221.204.01
IndonesiaIDX 63938619860.4151.304.991.093.90
CanadaCSE 184904050.0043.488.304.473.84
TurkeyBIST 103065037563.1157.694.470.883.59
JapanSAPPORO 52140.0050.004.501.003.50
USAMEX 123479342164.2653.095.101.633.47
South KoreaKOSDAQ 63804136242164.8458.524.461.043.43
IndiaNSE 71944614257364.1555.754.501.103.40
USOTC PINK 53893270140760.7342.996.913.513.39
IndiaBSE 99786168328861.8253.314.831.473.35
ArgentinaBUE 96736176.0483.563.410.073.34
Vietnam HNX 2911779260.8251.984.711.463.25
ChileBCS 38231760.5373.913.430.393.04
NorwayOSE 61940422465.2755.454.001.032.98
Vietnam HOSE 104158831756.4853.913.851.032.81
TaiwanGTSM 2063118365757.3455.543.670.902.77
USNASDAQ 141489435526466.7555.744.001.242.76
PakistanKSE 129080642562.4852.734.141.402.75
Saudi ArabiaTADAWUL 78252230066.7557.473.450.782.67
Hong KongHKEX 54963243158559.0648.834.031.392.63
DenmarkCOPENHAGEN 42226813663.5150.753.470.912.56
JapanNAGOYA 89572464.0442.113.951.442.51
SwedenSTOCKHOLM 2488154375762.0249.063.861.372.49
JapanTOKYO 140429384527666.8356.223.501.022.48
South KoreaKRX 57163802217966.5257.313.210.792.43
BrazilBOVESPA 109470838764.7254.663.431.012.41
RussiaMICEX 135936168.8965.592.750.382.38
ChinaSZSE 117488679488573.8856.293.361.002.35
The World 1718111141756311266.4755.263.401.072.33
RussiaMICEX 85753228362.1953.103.331.072.26
ThailandSET 142282542758.0251.763.100.872.23
QatarQE 166915854.8263.742.930.742.20
IsraelTASE 103570440168.0256.963.040.852.20
TaiwanTWSE 2855169789659.4452.802.870.772.09
KuwaitKSE 1971195760.4147.903.451.362.09
ChinaSSE 83496206349974.3356.382.970.912.06
MalaysiaBURSA 127969033553.9548.553.231.222.01
PhilippinesPSE 54232816460.5250.003.441.442.00
Poland GPW 133578740959.2551.713.311.341.97
FrancePARIS 2249151088667.1458.682.620.701.91
TurkeyBIST 1441077574.3170.092.220.321.91
BangladeshDSE 103759429157.2848.993.081.171.90
AustraliaASX 2297147175964.0451.603.161.261.90
SpainIBEX 60841122067.6053.532.820.991.83
CanadaTSX 45352987162065.8754.242.620.851.77
Austria WIENERBORSE 2251417662.6753.902.700.931.77
CanadaTSX-V 69640016357.4740.755.473.721.75
SingaporeSGX 49325413151.5251.572.711.001.71
UKLSE 52033613197169.4454.552.640.951.69
USNYSE 1616211267643169.7157.082.500.821.68
MexicoBMV 67345724267.9052.952.460.811.65
PortugalLISBON 124774062.1051.952.490.921.57
GermanyXETRA 37672613141569.5554.012.260.821.44
JordanASE 101633562.3855.563.251.831.43
ItalyBORSA 29602099111670.9153.172.270.941.34
BelgiumBRUSSELS 38524612363.9050.002.130.801.32
NetherlandsAMSTERDAM 69847126367.4855.841.960.661.30
MexicoBMV 1601036964.3866.991.600.331.27
SwitzerlandSIX 132694852371.4955.171.860.621.24
BrazilBOVESPA 118674456.7865.671.430.281.15
ChileBCS 102734471.5760.271.360.261.10
SwitzerlandSIX 117795667.5270.891.180.181.00
USPREFERRED 111175539767.9652.581.300.400.90
PakistanKSE 92644369.5767.
CanadaTSX 90613867.7862.301.000.150.85
PortugalLISBON 90623668.8958.
South KoreaKOSDAQ 75483164.0064.580.880.170.71
MalaysiaBURSA 111794371.1754.431.010.330.68
IndonesiaIDX 84634175.0065.080.870.190.68
BangladeshDSE 76563673.6864.290.860.180.68
IsraelTASE 108694563.8965.220.880.220.67
UAEUAE 123815065.8561.730.910.260.65
Greece ATHENS 85563265.8857.140.800.180.63
Austria WIENERBORSE 75502866.6756.000.820.200.62
Poland GPW 129895468.9960.670.880.260.62
PhilippinesPSE 92623967.3962.900.840.230.61
SpainIBEX 90623768.8959.680.850.260.60
ItalyBORSA 79532967.0954.720.770.210.57
NetherlandsAMSTERDAM 79532967.0954.720.770.210.57
BelgiumBRUSSELS 79532967.0954.720.770.210.57
GermanyXETRA 79532967.0954.720.770.210.57
FrancePARIS 79532967.0954.720.770.210.57
ChinaSSE 93643668.8256.250.730.170.56
DenmarkCOPENHAGEN 121804766.1258.750.740.200.54
JapanTOKYO 1271025980.3157.840.670.200.47
NorwayOSE 102794077.4550.630.720.250.47
Vietnam HOSE 100663766.0056.060.740.290.45
USFOREX 141985569.5056.120.690.260.44
USWARRANTS 2116776.1943.753.192.750.44
SingaporeSGX 97693471.1349.280.620.190.43
UKLSE 141905063.8355.560.640.210.43
SwedenSTOCKHOLM 129995376.7453.540.690.300.38
AustraliaASX 115724262.6158.330.570.190.38
FOREXFOREX 1761236269.8950.410.660.330.33
UAEUAE 1721014558.7244.551.811.500.32
TaiwanGTSM 91643570.3354.690.550.300.25
ThailandSET 1461024769.8646.080.510.270.24
Hong KongHKEX 103723869.9052.780.530.400.13
IndiaNSE 91602865.9346.670.350.330.02
OmanMSM 96266.6733.331.002.00-1.00
JapanFUKUOKA 2515560.0033.331.332.40-1.07
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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