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 1/1/2015
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
CanadaCSE 155723247.7443.249.743.536.22
ArgentinaBUE 31920312963.6463.557.000.896.11
IndiaBSE 117547255441361.7360.825.701.124.58
USOTC PINK 62123706180859.8748.627.202.674.53
IndiaNSE 85645444342063.5862.815.320.834.49
Greece ATHENS 2251468964.8960.965.741.294.45
South KoreaKOSDAQ 75504844314664.1664.955.140.834.31
EgyptEGX 54834219362.4156.435.121.064.06
IndonesiaIDX 83851928561.9354.915.000.964.04
USAMEX 158499257062.6357.465.151.243.91
ChinaSZSE 1378110137695473.5668.604.700.843.86
TurkeyBIST 127481549463.9760.614.640.803.84
PakistanKSE 149995356363.5859.084.751.063.69
BrazilBOVESPA 134685352763.3761.784.480.823.66
Hong KongHKEX 66623930214358.9954.534.891.253.64
TaiwanGTSM 2851161598056.6560.684.330.823.51
JapanSAPPORO 52140.0050.004.501.003.50
ChinaSSE 96387136476274.0466.734.250.773.48
ArgentinaBUE 92705976.0984.293.540.073.47
USNASDAQ 1790711699742465.3963.404.340.953.39
NorwayOSE 76649230564.6261.624.361.013.35
ChileBCS 45282162.2275.003.640.323.32
Vietnam HOSE 117166539756.7959.704.110.833.27
Saudi ArabiaTADAWUL 105767844764.1465.933.830.683.15
South KoreaKRX 67834391273364.7462.243.710.683.03
JapanTOKYO 1756111475705665.3661.473.800.803.00
The World 2097791376718465565.6561.473.860.873.00
USWARRANTS 61413067.2173.174.121.202.93
SwedenSTOCKHOLM 2902179699761.8955.514.001.122.88
PhilippinesPSE 64538122059.0757.743.911.102.80
TaiwanTWSE 40402339139557.9059.643.390.662.73
Vietnam HNX 36321010457.8549.524.441.732.70
IsraelTASE 116079350468.3663.563.380.732.64
Poland GPW 168199257959.2558.133.681.052.63
RussiaMICEX 88255432362.9358.203.460.982.48
RussiaMICEX 131885967.1867.052.820.362.45
DenmarkCOPENHAGEN 54734118662.3454.553.150.742.41
ThailandSET 173499250757.2151.113.230.872.35
SpainIBEX 75650029866.1459.603.100.762.34
AustraliaASX 27771751100163.0557.173.320.982.33
MalaysiaBURSA 163589946554.9851.723.531.282.25
QatarQE 2211327659.7357.582.780.542.24
BangladeshDSE 112662033855.0654.523.160.932.23
CanadaTSX 58373769219864.6458.262.950.752.20
FrancePARIS 28821906119266.1762.512.750.642.11
UKLSE 63394325260168.2360.142.880.802.08
USNYSE 2082514185885868.1462.422.720.672.05
Austria WIENERBORSE 28318310564.6657.382.640.592.05
PortugalLISBON 1581056666.4662.862.800.752.05
CanadaTSX-V 68738315355.7539.955.273.281.99
TurkeyBIST 130966673.8568.752.240.321.92
MexicoBMV 76850828766.1556.502.610.721.90
GermanyXETRA 46643241193869.5359.762.450.661.79
ItalyBORSA 38592696156469.8658.012.510.781.73
JordanASE 143854159.4448.243.551.841.72
NetherlandsAMSTERDAM 93762639966.8163.742.240.571.68
KuwaitKSE 2211286057.9246.883.201.591.61
BelgiumBRUSSELS 52636020368.4456.392.200.681.53
SingaporeSGX 72939819854.6049.752.461.091.37
MexicoBMV 1581016963.9268.321.630.341.30
SwitzerlandSIX 1620113064269.7556.811.860.571.29
UAEUAE 1901115258.4246.852.571.311.26
BrazilBOVESPA 115654356.5266.151.480.281.20
ChileBCS 102734471.5760.271.290.261.03
SwitzerlandSIX 116785567.2470.511.170.180.99
PakistanKSE 87624171.2666.131.130.230.90
PortugalLISBON 85573467.0659.651.050.250.81
USPREFERRED 134989248466.1254.261.170.390.79
CanadaTSX 85563665.8864.290.950.160.79
IndonesiaIDX 79604075.9566.670.930.200.73
South KoreaKOSDAQ 72473165.2865.960.890.170.72
MalaysiaBURSA 109774270.6454.551.040.320.71
BangladeshDSE 73523371.2363.460.870.170.69
IsraelTASE 106684564.1566.180.900.210.69
UAEUAE 119804967.2361.250.930.260.66
Greece ATHENS 83543165.0657.410.810.190.63
Austria WIENERBORSE 73482765.7556.250.830.210.63
Poland GPW 127875368.5060.920.860.250.61
SpainIBEX 88603668.1860.000.870.270.60
PhilippinesPSE 87603868.9763.330.830.230.60
ItalyBORSA 76502865.7956.000.800.220.58
NetherlandsAMSTERDAM 76502865.7956.000.800.220.58
BelgiumBRUSSELS 76502865.7956.000.800.220.58
GermanyXETRA 76502865.7956.000.800.220.58
FrancePARIS 76502865.7956.000.800.220.58
ChinaSSE 89633570.7955.560.750.170.57
DenmarkCOPENHAGEN 120804766.6758.750.740.200.54
FOREXFOREX 1781207367.4260.830.810.280.53
JapanTOKYO 1261016080.1659.410.660.200.47
Vietnam HOSE 97653767.0156.920.750.290.46
NorwayOSE 98763977.5551.320.720.260.46
USFOREX 139975569.7856.700.700.260.44
JapanNAGOYA 103642762.1442.191.330.890.44
SingaporeSGX 91643370.3351.560.630.190.44
UKLSE 136864763.2454.650.640.220.42
AustraliaASX 112694161.6159.420.580.200.38
SwedenSTOCKHOLM 124945075.8153.190.650.320.33
TaiwanGTSM 87613470.1155.740.570.300.28
ThailandSET 136954669.8548.420.510.250.25
JapanFUKUOKA 3319857.5842.111.791.680.11
Hong KongHKEX 100703670.0051.430.490.410.07
IndiaNSE 89592766.2945.760.360.340.02
OmanMSM 85262.5040.001.602.40-0.80
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.