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.
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.
Pattern Performance in Stock Exchanges since 1/1/2016
Stock Exchange 
Per Trade 
Total Net% Descending
ArgentinaBUE 32821112564.6358.966.750.995.77
IndonesiaIDX 68441321160.3851.
Greece ATHENS 2201367561.8255.
EgyptEGX 45129116164.5255.335.051.183.88
CanadaCSE 2141014548.1343.697.914.093.83
TurkeyBIST 112970840862.7157.634.480.883.59
JapanSAPPORO 52140.0050.004.501.003.50
South KoreaKOSDAQ 67124354252664.8858.004.481.063.43
IndiaNSE 78094915273362.9755.584.441.103.34
IndiaBSE 106486528346361.3153.054.751.483.27
USOTC PINK 59023556153260.4742.936.783.533.26
ArgentinaBUE 106806575.4781.
Vietnam HNX 2921758959.9350.864.561.483.08
ChileBCS 41241858.5475.003.420.383.04
NorwayOSE 68143723564.1753.784.021.102.92
PakistanKSE 135585345362.9553.114.281.402.88
Vietnam HOSE 109162033456.8353.873.821.002.81
USNASDAQ 149529950548366.7054.983.941.242.70
USAMEX 1664109057365.5052.573.911.352.56
JapanNAGOYA 98622463.2738.713.971.422.55
TaiwanGTSM 2240128570157.3754.553.450.912.53
BrazilBOVESPA 113472740364.2955.283.501.002.50
Hong KongHKEX 57933405162058.8547.523.911.452.45
DenmarkCOPENHAGEN 46029114963.2651.203.350.902.45
Saudi ArabiaTADAWUL 82354931066.7156.473.210.812.41
SwedenSTOCKHOLM 2654164281561.8749.633.721.322.40
JapanTOKYO 149739968553866.5755.563.421.042.38
RussiaMICEX 90555729561.6652.873.401.062.33
ThailandSET 147384944157.6451.943.190.862.33
South KoreaKRX 61514071229466.2056.343.140.822.32
RussiaMICEX 139966169.0663.542.670.392.28
The World 1826771207346621266.1354.813.341.082.26
ChinaSZSE 124419080507072.9855.843.281.042.24
QatarQE 179995855.3158.592.860.772.09
IsraelTASE 110274842567.8856.822.940.852.08
ChinaSSE 88216486360973.5355.642.950.952.00
PhilippinesPSE 57334617260.3849.713.401.401.99
AustraliaASX 2409154480664.0952.
Poland GPW 141083543559.5051.853.241.291.95
MalaysiaBURSA 138374535953.8748.
TaiwanTWSE 3083184597059.8452.572.690.781.92
TurkeyBIST 1501137775.3368.142.200.301.90
PortugalLISBON 133814460.9054.322.720.881.84
CanadaTSX-V 70840616857.3441.385.563.721.83
BangladeshDSE 108462830857.9349.042.981.141.83
FrancePARIS 2424160292866.0957.932.560.731.82
SpainIBEX 65744723668.0452.802.770.981.79
CanadaTSX 48223160170065.5353.802.570.851.71
Austria WIENERBORSE 2541578761.8155.412.550.891.66
UKLSE 55073793206568.9154.412.570.941.62
KuwaitKSE 2001175358.5045.303.241.621.62
USNYSE 1690411757664169.6156.442.440.841.60
MexicoBMV 70847725567.3753.462.410.821.59
SingaporeSGX 52327414152.3951.462.550.991.56
GermanyXETRA 40152762149368.9753.922.190.831.36
JordanASE 105653561.9053.853.221.881.34
ItalyBORSA 31042176115670.1053.132.260.931.33
MexicoBMV 1621036963.5866.991.600.331.27
NetherlandsAMSTERDAM 75550328066.6255.671.920.661.26
BelgiumBRUSSELS 42026613163.3349.252.000.831.18
SwitzerlandSIX 1438101455670.5154.831.810.641.17
BrazilBOVESPA 120694657.5066.671.420.281.14
ChileBCS 106774872.6462.341.390.251.14
SwitzerlandSIX 117795667.5270.891.180.181.00
PakistanKSE 102735071.5768.491.120.190.93
CanadaTSX 94644168.0964.060.980.140.84
USPREFERRED 117180341868.5752.051.240.410.83
South KoreaKOSDAQ 77503364.9466.000.880.160.72
PortugalLISBON 93633667.7457.
IsraelTASE 113734864.6065.750.920.210.71
MalaysiaBURSA 112804471.4355.001.010.330.69
UAEUAE 129855165.8960.000.920.260.66
BangladeshDSE 80583672.5062.070.830.170.66
Greece ATHENS 87573265.5256.140.790.190.60
IndonesiaIDX 91694375.8262.320.800.200.59
Poland GPW 138965969.5761.460.850.260.59
PhilippinesPSE 97664068.0460.610.820.230.59
Austria WIENERBORSE 77512866.2354.900.800.220.59
SpainIBEX 92633768.4858.730.840.270.57
ChinaSSE 102713969.6154.930.730.170.56
DenmarkCOPENHAGEN 124834966.9459.040.760.200.55
NetherlandsAMSTERDAM 81542966.6753.700.760.220.54
ItalyBORSA 81542966.6753.700.760.220.54
BelgiumBRUSSELS 81542966.6753.700.760.220.54
GermanyXETRA 81542966.6753.700.760.220.54
FrancePARIS 81542966.6753.700.760.220.54
SingaporeSGX 102743872.5551.350.660.190.47
JapanTOKYO 1311046079.3957.690.650.200.45
Vietnam HOSE 103683766.0254.410.720.280.44
USFOREX 1441015670.1455.450.670.250.43
UKLSE 144925263.8956.520.620.210.41
NorwayOSE 114854074.5647.060.670.260.41
SwedenSTOCKHOLM 1331025576.6953.920.680.300.37
UAEUAE 1711004558.4845.001.781.410.37
AustraliaASX 118764464.4157.890.570.200.37
FOREXFOREX 1801276570.5651.180.650.310.33
ThailandSET 1501054870.0045.710.510.270.25
TaiwanGTSM 92653570.6553.850.540.290.25
Hong KongHKEX 106753870.7550.670.510.400.11
IndiaNSE 96632965.6346.030.330.330.00
USWARRANTS 2217777.2741.182.763.06-0.29
JapanFUKUOKA 2716659.2637.501.562.25-0.69
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


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.