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
ArgentinaBUE 42328017366.1961.797.751.306.45
TurkeyBIST 1575100357863.6857.634.960.924.03
IndonesiaIDX 111166734160.0451.124.821.143.68
IndiaNSE 114477138394662.3755.274.691.183.51
JapanSAPPORO 52140.0050.004.501.003.50
IndiaBSE 149769143482161.0652.724.971.563.41
EgyptEGX 70143322961.7752.894.631.233.40
ArgentinaBUE 116866874.1479.073.400.093.30
South KoreaKOSDAQ 95306161349064.6756.634.441.193.25
CanadaCSE 2611366353.6445.007.504.273.23
USOTC PINK 87555215227860.2743.176.643.463.18
PakistanKSE 1881121663664.6552.304.531.463.07
Vietnam HNX 38721710956.0750.234.531.503.03
Hong KongHKEX 84805057250859.6549.584.541.533.02
BrazilBOVESPA 1682107659563.9755.304.011.013.01
Greece ATHENS 2891909865.7451.584.411.472.94
TaiwanGTSM 35222025110657.5054.623.800.972.83
ChinaSZSE 1773212884730272.6656.673.931.182.75
USNASDAQ 2241914766819565.9355.453.991.252.74
Vietnam HOSE 146184846358.0454.603.650.982.67
NorwayOSE 100965035264.4254.153.801.172.62
ChinaSSE 123118945506772.6656.653.631.092.54
Saudi ArabiaTADAWUL 129382346963.6556.993.310.872.44
SwedenSTOCKHOLM 38402406119462.6649.633.791.362.43
USAMEX 2502161481664.5150.563.741.352.39
The World 2695221770399726965.7254.913.451.112.34
TaiwanTWSE 49822943158559.0753.863.090.762.33
JapanTOKYO 2238414650813865.4555.553.331.012.33
South KoreaKRX 86495672307565.5854.213.170.942.23
PhilippinesPSE 82248125658.5253.223.421.242.18
RussiaMICEX 1561086869.2362.962.560.392.18
RussiaMICEX 113371235462.8449.723.381.222.16
IsraelTASE 1479101258068.4257.313.030.922.11
MalaysiaBURSA 2056112155054.5749.023.421.332.09
DenmarkCOPENHAGEN 72545122762.2150.333.040.952.09
ChileBCS 59352259.3262.862.540.492.06
SpainIBEX 96564235466.5355.142.970.932.04
Poland GPW 2011119761859.5251.633.331.292.04
ThailandSET 2205123960756.1948.992.990.962.03
AustraliaASX 33742197117365.1253.393.081.101.98
PortugalLISBON 2051347265.3753.732.810.961.84
TurkeyBIST 1601218475.6369.422.130.361.78
CanadaTSX 74344889263565.7753.902.680.911.77
BangladeshDSE 156388643156.6948.652.911.221.69
USNYSE 2553117455988968.3756.652.510.831.68
UKLSE 81355529301168.0354.412.600.941.65
FrancePARIS 38972560143265.6955.942.410.771.64
Austria WIENERBORSE 41526714964.3455.812.430.811.61
KuwaitKSE 3141888759.8746.283.151.601.56
PakistanKSE 119845870.5969.051.700.191.51
MexicoBMV 96464633967.0152.482.340.871.48
QatarQE 2851759361.4053.142.300.821.47
GermanyXETRA 62924286235168.1854.802.220.791.43
ItalyBORSA 47873261175968.1253.942.290.861.43
JordanASE 169994858.5848.483.141.801.34
BelgiumBRUSSELS 67845323366.8151.431.990.801.19
BrazilBOVESPA 133774957.8963.641.430.261.17
MexicoBMV 1771137363.8464.601.500.351.15
NetherlandsAMSTERDAM 121781044866.5655.311.820.681.14
ChileBCS 128965975.0061.461.330.251.08
SwitzerlandSIX 2143147679468.8853.791.710.651.06
SingaporeSGX 83945821754.5947.382.121.140.99
USPREFERRED 1615110057868.1152.551.360.410.94
SwitzerlandSIX 127876068.5068.971.100.210.90
CanadaTSX-V 82046217856.3438.534.583.730.85
CanadaTSX 102724470.5961.110.990.170.82
IsraelTASE 127805262.9965.001.010.230.79
PortugalLISBON 101714070.3056.340.960.270.69
UAEUAE 2291406361.1445.002.171.510.66
UAEUAE 138925666.6760.870.910.260.65
PhilippinesPSE 108744568.5260.810.850.200.65
South KoreaKOSDAQ 83553466.2761.820.820.200.62
MalaysiaBURSA 127904770.8752.220.930.330.60
Poland GPW 1491056470.4760.950.840.250.59
Greece ATHENS 95653668.4255.380.770.180.58
Austria WIENERBORSE 85593269.4154.240.780.200.58
FOREXFOREX 2001457472.5051.030.960.390.57
IndonesiaIDX 101774676.2459.740.780.210.57
BangladeshDSE 86654075.5861.540.770.200.57
SpainIBEX 100714171.0057.750.820.250.56
DenmarkCOPENHAGEN 135935368.8956.990.740.190.55
NetherlandsAMSTERDAM 91643470.3353.130.750.200.55
ItalyBORSA 91643470.3353.130.750.200.55
BelgiumBRUSSELS 91643470.3353.130.750.200.55
GermanyXETRA 91643470.3353.130.750.200.55
FrancePARIS 91643470.3353.130.750.200.55
NorwayOSE 1331045578.2052.880.780.240.54
UKLSE 1671096565.2759.630.700.220.48
ChinaSSE 115814570.4355.560.640.170.47
SingaporeSGX 106784173.5852.560.620.180.44
Vietnam HOSE 107713866.3653.520.700.280.42
AustraliaASX 129865166.6759.300.590.200.40
JapanTOKYO 1531216979.0857.020.600.210.39
USFOREX 1571146372.6155.260.640.250.39
SwedenSTOCKHOLM 1461106075.3454.550.650.290.36
JapanFUKUOKA 41241158.5445.832.252.000.25
TaiwanGTSM 102713969.6154.930.520.300.23
ThailandSET 1551074969.0345.790.500.280.22
IndiaNSE 112773868.7549.350.400.300.10
Hong KongHKEX 112784069.6451.280.490.380.10
JapanNAGOYA 131812961.8335.801.561.63-0.07
USWARRANTS 1813672.2246.152.623.77-1.15
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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