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 45930018065.3660.007.311.355.96
USWARRANTS 2317973.9152.949.003.595.41
TurkeyBIST 1754108362761.7457.895.311.004.31
IndonesiaIDX 117769835459.3050.724.821.163.66
CanadaCSE 2731446652.7545.838.224.673.55
JapanSAPPORO 52140.0050.004.501.003.50
IndiaNSE 121617433406461.1254.684.631.243.39
EgyptEGX 73745924162.2852.514.651.293.37
South KoreaKOSDAQ 102636559370663.9156.504.561.253.31
IndiaBSE 157419432493159.9252.284.911.623.29
ArgentinaBUE 119896974.7977.533.330.113.21
USOTC PINK 91695418236059.8243.036.643.493.15
PakistanKSE 1976126466363.9752.454.551.463.09
BrazilBOVESPA 1807114662563.4254.544.141.113.03
Vietnam HNX 41423111655.8050.224.491.522.97
Hong KongHKEX 89405301260359.3049.104.491.582.90
USNASDAQ 2334315321849165.6655.404.071.302.77
TaiwanGTSM 36752098113657.0954.153.771.022.75
ChinaSZSE 1861613269747771.2856.353.911.202.71
IsraelTASE 1580108362568.5457.713.620.922.70
Greece ATHENS 31820510464.4750.734.271.612.66
Vietnam HOSE 156789647757.1853.243.681.042.64
NorwayOSE 107868837063.8253.783.851.302.55
ChinaSSE 129679251520271.3456.233.611.112.49
SwedenSTOCKHOLM 40522494123861.5549.643.881.412.47
RussiaMICEX 1621147570.3765.792.790.352.44
Saudi ArabiaTADAWUL 133284547663.4456.333.290.882.41
USAMEX 2592167084864.4350.783.751.342.41
The World 28417318407210085464.8054.773.511.152.36
JapanTOKYO 2441815513858363.5355.333.401.092.31
RussiaMICEX 120576738963.6550.723.541.232.31
South KoreaKRX 93856003325363.9654.193.260.982.28
TaiwanTWSE 52583042162657.8553.453.080.822.27
ChileBCS 70412558.5760.982.710.462.24
PhilippinesPSE 87749826456.7853.013.421.252.16
DenmarkCOPENHAGEN 77348024362.1050.633.121.032.09
Poland GPW 2137127666159.7151.803.381.322.06
MalaysiaBURSA 2259119358552.8149.043.461.481.97
SpainIBEX 100266035665.8753.942.961.001.97
ThailandSET 2375130963155.1248.203.001.061.93
AustraliaASX 38602340123660.6252.823.161.251.92
TurkeyBIST 1621228575.3169.672.250.351.89
CanadaTSX 77945103276365.4754.142.770.931.83
USNYSE 26598181001025468.0756.642.630.871.76
UKLSE 85335762314267.5354.532.680.971.71
FrancePARIS 40942657148764.9055.972.550.841.71
PortugalLISBON 2141397364.9552.522.811.121.69
KuwaitKSE 3041838560.2046.453.191.601.60
USPREFERRED 1754116963766.6554.492.090.501.59
ItalyBORSA 50513384184067.0054.372.450.861.59
Austria WIENERBORSE 44128015763.4956.072.410.841.56
PakistanKSE 122865970.4968.601.740.211.53
MexicoBMV 99866735066.8352.472.420.891.53
BangladeshDSE 167695245156.8047.372.831.321.51
GermanyXETRA 66094453246467.3855.332.320.801.51
BrazilBOVESPA 138825459.4265.851.760.241.51
JordanASE 1761025157.9550.003.091.751.34
NetherlandsAMSTERDAM 125483446766.5156.001.990.671.33
QatarQE 3021849660.9352.172.210.891.32
ChileBCS 1371006272.9962.001.440.261.18
BelgiumBRUSSELS 70846524065.6851.611.990.821.17
SwitzerlandSIX 2244154283868.7254.351.810.651.16
MexicoBMV 1781147364.0464.041.490.361.13
SwitzerlandSIX 130906269.2368.891.240.211.03
SingaporeSGX 93648422351.7146.072.121.180.95
CanadaTSX 107754670.0961.331.030.170.85
IsraelTASE 129825263.5763.410.990.220.77
NorwayOSE 1381105879.7152.731.020.250.76
PhilippinesPSE 112774768.7561.040.950.190.75
IndonesiaIDX 102794877.4560.760.910.200.71
DenmarkCOPENHAGEN 140975769.2958.760.880.190.69
PortugalLISBON 102714069.6156.340.960.280.68
Poland GPW 1531096771.2461.470.910.250.66
UAEUAE 143945765.7360.640.890.260.64
South KoreaKOSDAQ 84553465.4861.820.820.200.62
MalaysiaBURSA 128904770.3152.220.930.330.60
JapanTOKYO 1631237175.4657.720.790.200.59
FOREXFOREX 2021457471.7851.030.960.390.57
Greece ATHENS 96653667.7155.380.770.200.57
BangladeshDSE 89674175.2861.190.760.190.57
UAEUAE 2381446460.5044.442.131.560.56
Austria WIENERBORSE 86593268.6054.240.780.220.56
SpainIBEX 101714170.3057.750.820.270.55
ItalyBORSA 92643469.5753.130.750.220.53
NetherlandsAMSTERDAM 92643469.5753.130.750.220.53
BelgiumBRUSSELS 92643469.5753.130.750.220.53
GermanyXETRA 92643469.5753.130.750.220.53
FrancePARIS 92643469.5753.130.750.220.53
CanadaTSX-V 84947618456.0738.664.483.950.52
UKLSE 1731126764.7459.820.730.220.51
ChinaSSE 118824669.4956.100.630.170.46
SingaporeSGX 108794273.1553.160.620.180.44
Vietnam HOSE 113754166.3754.670.690.270.43
USFOREX 1661186571.0855.080.650.250.41
AustraliaASX 132875265.9159.770.590.200.39
SwedenSTOCKHOLM 1501136175.3353.980.670.300.37
ThailandSET 1591095168.5546.790.510.280.24
TaiwanGTSM 106723967.9254.170.510.290.22
IndiaNSE 118804167.8051.250.430.290.14
Hong KongHKEX 116784067.2451.280.490.380.10
JapanNAGOYA 149913261.0735.161.551.65-0.10
JapanFUKUOKA 38231160.5347.831.782.04-0.26
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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