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 1/1/2017
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
USWARRANTS 39301676.9253.3318.334.2314.10
ArgentinaBUE 56037823767.5062.707.811.276.55
CanadaCSE 3011668155.1548.809.763.895.87
TurkeyBIST 1980124574862.8860.086.480.995.49
EgyptEGX 82151727862.9753.775.701.284.42
Vietnam HNX 45825213455.0253.175.631.464.17
IndiaNSE 130187996443661.4455.465.141.233.91
BrazilBOVESPA 2092133574163.8155.514.921.073.85
IndiaBSE 1691210216543060.4253.145.291.583.71
South KoreaKOSDAQ 109427008399864.0557.054.941.233.71
IndonesiaIDX 138182642659.8151.574.891.193.71
PakistanKSE 2135137174364.2254.194.921.403.53
JapanSAPPORO 52140.0050.004.501.003.50
USNASDAQ 2615317394986166.5856.634.611.283.33
USOTC PINK 108306432287160.3943.906.643.403.24
TaiwanGTSM 40322348130158.2355.414.180.983.20
ArgentinaBUE 126937273.8177.423.230.113.12
Hong KongHKEX 98745912289559.8748.974.591.622.98
USAMEX 29551956105466.1953.894.231.262.97
Vietnam HOSE 1770102456257.8554.883.961.022.94
Greece ATHENS 35023111866.0051.084.521.582.94
IsraelTASE 1841127473069.2057.303.850.952.90
Poland GPW 2522150679059.7552.424.201.332.88
SwedenSTOCKHOLM 45762837144462.0050.904.261.432.83
NorwayOSE 125280644464.3855.094.071.282.79
ChinaSZSE 2054514732833271.7156.563.941.192.75
Saudi ArabiaTADAWUL 145193253564.2357.403.540.852.69
The World 31692920747911554465.5255.653.791.132.66
South KoreaKRX 96506196339864.2154.843.570.972.60
ChileBCS 97623963.9262.903.190.602.60
PhilippinesPSE 96955630557.3854.863.771.182.58
MalaysiaBURSA 2638143472054.3650.214.051.462.58
TaiwanTWSE 57973439189459.3255.073.330.792.54
ChinaSSE 1430410200573771.3156.253.641.102.54
JapanTOKYO 2696617345973664.3256.133.591.062.53
Austria WIENERBORSE 1951379270.2667.153.280.792.50
RussiaMICEX 137187744963.9751.203.641.182.46
DenmarkCOPENHAGEN 85053427562.8251.503.421.012.41
RussiaMICEX 1691208071.0166.672.700.332.37
USNYSE 29977206251208968.8458.583.160.812.35
USPREFERRED 2045138577667.7356.032.810.482.33
ThailandSET 2677148272855.4749.023.351.052.30
QatarQE 33720811461.7254.813.110.822.29
SpainIBEX 111873340265.5654.843.140.962.18
CanadaTSX 86795743319266.1755.583.030.882.15
AustraliaASX 42842635141361.5353.603.331.262.07
FrancePARIS 46993095175665.8756.742.740.811.93
JapanNAGOYA 163994160.7441.413.291.361.93
TurkeyBIST 1721299175.0070.542.260.331.92
CanadaTSX-V 96955622657.3840.655.593.691.90
UKLSE 99116762371768.2454.962.830.931.90
BrazilBOVESPA 164936456.7168.822.080.221.86
PortugalLISBON 2451618765.7154.042.851.021.83
SingaporeSGX 103453725451.9347.302.841.111.73
MexicoBMV 116677240866.2152.852.550.921.63
BangladeshDSE 173897746956.2148.002.921.301.62
JordanASE 1741005157.4751.003.351.761.59
ItalyBORSA 57743926214767.9954.692.460.901.56
GermanyXETRA 80025469302068.4755.122.320.781.54
PakistanKSE 132896067.4267.421.700.201.49
KuwaitKSE 3311999460.1247.243.101.631.47
NetherlandsAMSTERDAM 146199156367.8356.812.030.641.39
UAEUAE 2641597760.2348.432.581.371.21
SwitzerlandSIX 2535174994468.9953.971.890.681.21
BelgiumBRUSSELS 79652226665.5850.961.960.811.16
ChileBCS 1551096570.3259.631.400.281.13
MexicoBMV 2031338065.5260.151.380.371.01
SwitzerlandSIX 1421006970.4269.001.180.190.99
NorwayOSE 1581256979.1155.201.160.240.92
CanadaTSX 121845069.4259.520.950.200.75
IndonesiaIDX 110865278.1860.470.920.190.73
UAEUAE 1571046366.2460.580.950.240.71
PhilippinesPSE 123824966.6759.760.900.200.71
Poland GPW 1711197269.5960.500.930.240.70
PortugalLISBON 118814768.6458.020.950.270.68
DenmarkCOPENHAGEN 1551106670.9760.000.850.190.65
ChinaSSE 137935067.8853.760.810.170.63
JapanTOKYO 1791367875.9857.350.850.220.63
Vietnam HOSE 128874967.9756.320.910.280.63
MalaysiaBURSA 134944970.1552.130.960.340.62
ThailandSET 1731225670.5245.900.910.300.61
IsraelTASE 152985764.4758.160.860.240.61
Greece ATHENS 109744367.8958.110.800.200.59
Austria WIENERBORSE 99683968.6957.350.810.220.59
FOREXFOREX 2201598272.2751.570.950.360.58
SpainIBEX 115804869.5760.000.840.260.58
NetherlandsAMSTERDAM 106744269.8156.760.780.220.57
BelgiumBRUSSELS 106744269.8156.760.780.220.57
GermanyXETRA 105734169.5256.160.780.220.56
FrancePARIS 105734169.5256.160.780.220.56
BangladeshDSE 101734572.2861.640.750.190.56
ItalyBORSA 105734169.5256.160.780.220.56
South KoreaKOSDAQ 100684168.0060.290.690.190.50
AustraliaASX 142965867.6160.420.670.190.48
USFOREX 1831317271.5854.960.690.240.46
UKLSE 1961317966.8460.310.690.240.44
SingaporeSGX 121904574.3850.000.600.190.41
SwedenSTOCKHOLM 1811357174.5952.590.640.300.34
IndiaNSE 129874467.4450.570.550.260.29
JapanFUKUOKA 42251259.5248.002.201.920.28
TaiwanGTSM 114784268.4253.850.510.320.19
Hong KongHKEX 127884469.2950.000.500.400.10
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.

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