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 1/1/2016
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
ArgentinaBUE 34321512763.8557.996.461.295.17
IndonesiaIDX 72143221859.9250.465.011.083.93
TurkeyBIST 116372141361.9957.284.700.893.81
EgyptEGX 47330416764.2754.934.971.183.79
Greece ATHENS 2351447961.2854.864.921.273.65
CanadaCSE 2221105050.4544.648.104.573.53
JapanSAPPORO 52140.0050.004.501.003.50
ArgentinaBUE 110836775.4580.723.480.073.41
Vietnam HNX 2931758959.7350.864.741.423.32
South KoreaKOSDAQ 71844648265464.7857.034.391.133.26
IndiaNSE 84175249286962.3954.644.371.163.21
IndiaBSE 111936802357160.7752.504.671.533.14
USOTC PINK 62413729160359.9942.826.653.513.14
ChileBCS 74443359.4675.003.390.412.98
NorwayOSE 72546825864.5555.133.991.072.93
PakistanKSE 140388846663.2952.484.231.482.75
Vietnam HOSE 113965434857.4253.213.730.992.74
USNASDAQ 1575010430572166.4354.683.901.262.64
JapanNAGOYA 100642564.0039.063.941.382.56
BrazilBOVESPA 118475641764.1054.943.530.982.55
TaiwanGTSM 2357135774457.5754.833.440.892.55
DenmarkCOPENHAGEN 48730715763.0451.143.440.902.54
Saudi ArabiaTADAWUL 84957232167.3756.123.230.802.43
USAMEX 1741113858565.3651.413.761.372.39
Hong KongHKEX 61123626173059.4147.653.851.472.39
SwedenSTOCKHOLM 2805173586161.8549.633.681.332.35
JapanTOKYO 1582510511581966.4255.363.371.052.32
ThailandSET 156889646357.2151.623.160.862.30
South KoreaKRX 65284310240166.0455.693.150.872.28
RussiaMICEX 95358630561.5951.963.351.082.27
ChinaSZSE 129699427529172.6956.133.281.042.24
RussiaMICEX 1471046570.7562.502.610.382.22
The World 1926641266016918665.7754.603.311.092.22
PhilippinesPSE 61036718460.1650.143.451.372.07
IsraelTASE 115078844768.5256.732.950.892.06
QatarQE 1831025955.7457.842.810.782.03
TaiwanTWSE 32471940102259.7552.682.780.762.01
ChinaSSE 91306691372773.2955.702.940.951.99
AustraliaASX 2497161785064.7652.573.191.221.97
CanadaTSX-V 72341517257.8141.155.553.631.92
Poland GPW 143684443759.1251.473.181.291.89
MalaysiaBURSA 147578537153.2247.263.121.261.85
TurkeyBIST 1551168174.8469.832.170.341.83
BangladeshDSE 114366632358.2748.502.941.141.80
SpainIBEX 69446924967.5853.092.740.981.75
FrancePARIS 2667172398964.6457.372.490.741.75
JordanASE 111693962.1656.523.491.771.72
CanadaTSX 50763320178365.4153.702.570.861.70
KuwaitKSE 2281326157.8946.213.171.521.65
PortugalLISBON 144884761.1153.412.550.931.61
USNYSE 1777612241690168.9356.322.420.841.58
PakistanKSE 108785472.2269.231.740.181.56
Austria WIENERBORSE 2801759862.5056.002.430.871.56
UKLSE 58793995215767.9953.972.500.951.55
MexicoBMV 72549125867.7252.552.310.831.49
SingaporeSGX 55129214952.9951.032.471.021.45
GermanyXETRA 44522948160466.3754.282.150.841.31
ItalyBORSA 33172280121368.8053.162.200.921.27
BelgiumBRUSSELS 44928714463.9250.172.080.831.25
BrazilBOVESPA 122704757.3867.141.490.271.21
MexicoBMV 1691097264.5066.061.560.351.21
SwitzerlandSIX 1541107359069.6354.991.790.621.16
ChileBCS 111805072.0762.501.360.251.11
NetherlandsAMSTERDAM 81753429565.3655.241.740.671.07
SwitzerlandSIX 121825967.7771.951.150.170.98
CanadaTSX 97674369.0764.181.060.150.91
USPREFERRED 119981842968.2252.441.240.410.83
IsraelTASE 120775164.1766.231.010.190.82
UAEUAE 131875366.4160.920.940.250.69
PortugalLISBON 95643667.3756.250.980.300.69
South KoreaKOSDAQ 78513365.3864.710.860.180.69
MalaysiaBURSA 115814570.4355.561.000.320.68
PhilippinesPSE 100694169.0059.420.870.220.65
BangladeshDSE 83603872.2963.330.820.170.65
IndonesiaIDX 96734476.0460.270.820.210.62
FOREXFOREX 1901367171.5852.210.990.390.60
Poland GPW 141996170.2161.620.840.250.59
Greece ATHENS 89583265.1755.170.780.210.57
Austria WIENERBORSE 79522865.8253.850.790.230.56
DenmarkCOPENHAGEN 131905168.7056.670.760.200.56
NorwayOSE 121924576.0348.910.820.260.55
ChinaSSE 103713968.9354.930.720.170.55
SpainIBEX 94643768.0957.810.830.280.55
NetherlandsAMSTERDAM 83552966.2752.730.750.240.51
ItalyBORSA 83552966.2752.730.750.240.51
BelgiumBRUSSELS 83552966.2752.730.750.240.51
GermanyXETRA 83552966.2752.730.750.240.51
FrancePARIS 83552966.2752.730.750.240.51
UKLSE 148955564.1957.890.660.200.46
UAEUAE 1791074959.7845.791.791.350.45
Vietnam HOSE 106703866.0454.290.710.270.44
USFOREX 1481045870.2755.770.680.240.44
SingaporeSGX 105774173.3353.250.620.180.44
JapanTOKYO 1351086180.0056.480.640.210.43
JapanFUKUOKA 2817760.7141.182.532.120.41
AustraliaASX 122794664.7558.230.570.190.38
SwedenSTOCKHOLM 1381075777.5453.270.660.310.36
ThailandSET 1511054869.5445.710.510.270.25
TaiwanGTSM 96693871.8855.070.520.290.23
Hong KongHKEX 108763970.3751.320.500.390.11
IndiaNSE 101693268.3246.380.330.320.01
USWARRANTS 1613681.2546.153.083.080.00
OmanMSM 96266.6733.331.002.00-1.00
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.

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