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 1/1/2019
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
USWARRANTS 31220010264.1051.0010.443.676.77
TurkeyBIST 2235144290464.5262.697.280.866.42
Vietnam HNX 62336221158.1158.297.771.456.32
CanadaCSE 64633915852.4846.619.683.765.92
ArgentinaBUE 98067539868.8858.966.271.284.99
EgyptEGX 88757833265.1657.446.241.284.95
IndonesiaIDX 151688645858.4451.695.751.264.50
IndiaBSE 1868711277615060.3754.525.901.454.45
IndiaNSE 130887968449360.8856.395.431.214.22
USOTC PINK 112126763313761.0745.827.353.254.09
South KoreaKOSDAQ 116317585453665.2159.805.081.093.98
Austria WIENERBORSE 47432821069.2064.024.460.773.69
Vietnam HOSE 2341140382259.9358.594.681.003.69
JapanSAPPORO 52140.0050.004.501.003.50
CanadaTSX-V 135376032656.5442.616.893.443.45
USNASDAQ 28790190791075966.3356.344.841.423.42
TaiwanGTSM 40202332129558.0155.534.280.883.40
PhilippinesPSE 103856229354.1452.144.551.183.37
Poland GPW 2743160183658.3752.224.801.433.37
Greece ATHENS 48029916962.2956.524.461.203.26
NorwayOSE 156998154962.5255.964.291.253.04
USAMEX 37592593148268.9857.154.091.102.99
IsraelTASE 2137148486369.4458.153.880.922.96
BrazilBOVESPA 31411995108763.6754.354.051.182.87
Hong KongHKEX 98135774279058.8448.324.461.602.87
South KoreaKRX 100136476377364.9258.053.710.852.87
ThailandSET 3068176189357.4050.713.871.042.83
ChinaSZSE 26401177281020067.1557.543.791.002.79
ArgentinaBUE 1461118276.0373.872.930.142.79
The World 36232823647113327165.3256.313.861.082.78
SwedenSTOCKHOLM 52903221167461.2951.634.201.422.78
MalaysiaBURSA 2711148172654.6349.024.201.432.77
Saudi ArabiaTADAWUL 145295256265.5659.033.480.732.75
UAEUAE 2441426258.2043.663.941.202.74
RussiaMICEX 154893049960.3453.433.630.912.73
TaiwanTWSE 57533352185758.2755.403.390.792.61
ChileBCS 153945861.4461.703.070.542.53
JapanNAGOYA 158914158.2344.573.541.032.51
BangladeshDSE 1727100751158.3150.743.791.282.51
PakistanKSE 2114134265163.4848.514.111.622.49
USNYSE 30729214241282969.7759.833.310.822.49
QatarQE 31119810663.6753.543.240.812.43
ChinaSSE 1902412914733767.9256.783.270.882.39
JapanTOKYO 28253182791016464.7055.603.411.052.37
UKLSE 110237422412667.3355.593.300.962.34
CanadaTSX 89225958336566.7856.483.170.832.34
DenmarkCOPENHAGEN 98863032363.7751.273.371.072.30
SpainIBEX 116177043866.3256.883.130.922.20
FrancePARIS 53063408188564.2355.313.010.852.16
FOREXFOREX 27620410673.9151.962.500.482.02
USPREFERRED 1904132267269.4350.832.610.592.02
PortugalLISBON 2461567563.4148.082.950.942.01
TurkeyBIST 22216311173.4268.102.370.362.01
ItalyBORSA 63174252234667.3155.172.750.821.93
RussiaMICEX 21415710173.3664.332.360.491.87
GermanyXETRA 99936828381668.3355.892.640.781.85
AustraliaASX 49502946154159.5252.313.191.351.84
SingaporeSGX 85242818450.2342.992.971.211.76
KuwaitKSE 40025212263.0048.413.231.471.76
BrazilBOVESPA 2011238361.1967.481.980.281.70
NetherlandsAMSTERDAM 1694116267068.6057.662.210.541.67
MexicoBMV 136592645667.8449.242.851.231.62
BelgiumBRUSSELS 80750327862.3355.272.350.771.59
PakistanKSE 1661127467.4766.071.730.211.53
SwitzerlandSIX 29231959108367.0255.282.290.771.52
ChileBCS 1831337972.6859.401.250.260.99
JordanASE 166844250.6050.002.891.940.95
SwitzerlandSIX 1671218272.4667.771.120.170.95
MexicoBMV 2331528865.2457.891.310.370.94
NorwayOSE 2151659076.7454.551.010.250.75
JapanTOKYO 2061589076.7056.960.910.210.70
Poland GPW 2171549370.9760.390.950.260.69
UAEUAE 1941307667.0158.460.930.250.68
ThailandSET 2171496968.6646.310.960.280.68
DenmarkCOPENHAGEN 1861357972.5858.520.870.200.67
CanadaTSX 1501035968.6757.280.830.190.64
IsraelTASE 1941287665.9859.380.880.240.64
MalaysiaBURSA 1571115770.7051.350.950.320.64
ChinaSSE 1691196570.4154.620.830.190.64
IndonesiaIDX 1351045977.0456.730.860.230.63
UKLSE 2271509266.0861.330.840.220.62
PhilippinesPSE 1571116170.7054.950.800.200.60
Vietnam HOSE 1521045568.4252.880.890.320.58
PortugalLISBON 136975471.3255.670.840.300.54
Greece ATHENS 125895071.2056.180.710.220.48
South KoreaKOSDAQ 131905168.7056.670.660.180.48
AustraliaASX 1621096567.2859.630.660.180.48
SpainIBEX 131955572.5257.890.750.270.47
Austria WIENERBORSE 115834672.1755.420.710.240.47
NetherlandsAMSTERDAM 123894972.3655.060.700.240.46
BelgiumBRUSSELS 123894972.3655.060.700.240.46
GermanyXETRA 121884872.7354.550.690.240.45
FrancePARIS 121884872.7354.550.690.240.45
ItalyBORSA 121884872.7354.550.690.240.45
BangladeshDSE 133935369.9256.990.680.230.45
USFOREX 2261618271.2450.930.650.260.39
IndiaNSE 1641115767.6851.350.640.250.39
SwedenSTOCKHOLM 2251678474.2250.300.670.290.38
SingaporeSGX 1531176176.4752.140.560.190.38
TaiwanGTSM 137934867.8851.610.530.300.23
Hong KongHKEX 1581095368.9948.620.500.370.14
JapanFUKUOKA 3722959.4640.911.501.68-0.18
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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