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 1/1/2014
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
CanadaCSE 3515642.8640.0016.003.6012.40
Greece ATHENS 142886161.9769.327.841.206.64
USWARRANTS 48322166.6765.637.811.446.38
ArgentinaBUE 1811198165.7568.076.820.826.00
IndiaNSE 54343514230064.7665.365.840.795.05
IndiaBSE 75804753294962.7062.055.911.094.82
USOTC PINK 38272336114461.1748.877.272.584.69
ChinaSZSE 81565948424072.9371.285.200.834.37
ChileBCS 34221864.7181.824.450.184.27
Hong KongHKEX 46972817159159.9756.485.411.224.19
BrazilBOVESPA 88556836664.1864.444.920.764.17
South KoreaKOSDAQ 50863256205764.1063.104.980.844.14
IndonesiaIDX 56435619663.1255.065.080.994.09
ChinaSSE 56444128289473.1470.114.830.804.02
PakistanKSE 101566040165.0260.765.061.083.97
TurkeyBIST 79050432363.8064.094.400.773.63
TaiwanGTSM 2050117170657.1260.294.390.823.57
Vietnam HOSE 71741725458.1660.914.290.773.52
JapanSAPPORO 52140.0050.004.501.003.50
EgyptEGX 39325113763.8754.584.511.033.47
SwedenSTOCKHOLM 1774111163662.6857.194.491.073.42
Saudi ArabiaTADAWUL 75347530263.0863.583.970.783.19
Vietnam HNX 2561537059.7745.755.101.933.17
JapanTOKYO 112417320452665.1261.833.900.743.16
USNASDAQ 1532610155636166.3162.604.020.883.14
The World 147092970836051866.0362.313.920.833.10
PhilippinesPSE 39322813258.2757.643.830.763.07
NorwayOSE 52934320464.8459.484.321.263.06
South KoreaKRX 44332844176764.1862.113.690.663.02
DenmarkCOPENHAGEN 39725413963.9854.723.730.723.02
IsraelTASE 77153434969.2665.363.750.753.01
USAMEX 142786949461.1156.654.081.162.92
TaiwanTWSE 28911688102958.3960.963.490.622.87
RussiaMICEX 57836422262.9860.993.891.042.85
RussiaMICEX 95613664.2159.023.310.522.79
MalaysiaBURSA 111662533256.0053.123.831.122.71
ThailandSET 119768135056.8951.403.550.862.69
PortugalLISBON 106725267.9272.223.430.752.68
BangladeshDSE 74439921853.6354.643.550.952.60
AustraliaASX 1879122371165.1958.043.360.872.49
Poland GPW 124074043059.8457.953.481.062.43
CanadaTSX 41882716161764.8559.543.160.752.41
KuwaitKSE 147874359.1849.433.791.402.39
ArgentinaBUE 83655178.3178.462.510.122.38
UKLSE 43193008183969.6561.143.130.802.33
GermanyXETRA 29872100129070.5161.252.860.622.25
Austria WIENERBORSE 1801227067.7857.382.720.562.16
USNYSE 143719789615568.1462.852.820.662.15
SpainIBEX 50732818764.6957.013.020.882.14
CanadaTSX-V 4252289053.6539.475.223.112.11
FrancePARIS 1893128680067.9362.212.780.682.10
BelgiumBRUSSELS 39128015971.6156.792.550.601.95
ItalyBORSA 26541848107469.6358.122.760.821.94
JordanASE 105602957.1448.333.671.771.90
NetherlandsAMSTERDAM 64543928568.0664.922.360.651.71
SingaporeSGX 55031315956.9150.802.661.041.62
UAEUAE 122763662.3047.372.931.331.61
MexicoBMV 53035319666.6055.522.390.791.60
TurkeyBIST 88634071.5963.491.620.161.46
SwitzerlandSIX 107576243970.8857.611.880.531.34
USPREFERRED 100167939967.8358.761.660.371.28
JapanFUKUOKA 2515760.0046.672.471.201.27
MexicoBMV 122795264.7565.821.650.391.25
MalaysiaBURSA 87623971.2662.901.480.291.19
IndonesiaIDX 70553778.5767.271.290.201.09
QatarQE 152884657.8952.271.590.571.02
ChileBCS 84583569.0560.341.210.260.95
South KoreaKOSDAQ 47302063.8366.671.070.130.93
SwitzerlandSIX 93634567.7471.431.170.270.90
BrazilBOVESPA 96513253.1362.751.270.370.90
NorwayOSE 91713878.0253.521.170.300.87
IsraelTASE 79473459.4972.341.090.210.87
CanadaTSX 68463067.6565.220.930.170.76
SpainIBEX 70483468.5770.830.920.210.71
ChinaSSE 76503065.7960.000.880.200.68
DenmarkCOPENHAGEN 99614061.6265.570.820.160.66
Greece ATHENS 63432968.2567.440.840.190.65
Austria WIENERBORSE 57382566.6765.790.840.210.63
JapanTOKYO 99814781.8258.020.800.190.62
SingaporeSGX 69472768.1257.450.770.150.62
Poland GPW 102653763.7356.920.890.280.62
PortugalLISBON 64442968.7565.910.890.270.61
GermanyXETRA 58392567.2464.100.820.230.59
FrancePARIS 58392567.2464.100.820.230.59
BelgiumBRUSSELS 58392567.2464.100.820.230.59
NetherlandsAMSTERDAM 57382466.6763.160.820.240.58
ItalyBORSA 57382466.6763.160.820.240.58
PakistanKSE 68452866.1862.220.890.310.58
PhilippinesPSE 60402966.6772.500.830.250.58
FOREXFOREX 1531036467.3262.140.800.230.56
BangladeshDSE 59432672.8860.470.700.210.49
JapanNAGOYA 65401561.5437.501.450.980.48
ThailandSET 106763971.7051.320.610.220.38
UAEUAE 127824764.5757.320.650.270.38
SwedenSTOCKHOLM 96763979.1751.320.720.360.37
UKLSE 117764164.9653.950.590.240.36
AustraliaASX 88522959.0955.770.500.230.27
USFOREX 127864667.7253.490.570.310.26
OmanMSM 84250.0050.002.001.750.25
TaiwanGTSM 85593269.4154.240.490.250.24
Vietnam HOSE 80512863.7554.900.610.370.24
IndiaNSE 84552765.4849.090.450.270.18
Hong KongHKEX 77532868.8352.830.450.450.00
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.