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 1/1/2018
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
USWARRANTS 1521056269.0859.0510.502.448.06
CanadaCSE 49026012953.0649.6210.603.557.05
Vietnam HNX 52431118859.3560.457.411.276.14
TurkeyBIST 2218141089563.7163.346.830.855.98
ArgentinaBUE 79053031967.2260.086.951.235.72
EgyptEGX 86256832365.8956.876.361.305.07
USOTC PINK 115077013319361.6045.058.213.504.71
IndonesiaIDX 141584443559.6551.545.641.224.42
IndiaBSE 1763810769585361.0654.355.741.474.27
IndiaNSE 128637987448962.0956.205.321.194.13
CanadaTSX-V 118168430057.9243.867.513.484.03
Vietnam HOSE 1978118668759.9657.934.880.923.95
South KoreaKOSDAQ 114427371430864.4258.455.041.123.93
Greece ATHENS 40825814163.2454.655.051.273.78
USNASDAQ 26764179791023367.2356.874.971.343.63
USAMEX 32702220127167.9557.204.721.093.62
JapanSAPPORO 52140.0050.004.501.003.50
Poland GPW 2647157384159.5053.404.801.333.47
JapanNAGOYA 162974460.4944.904.831.393.44
PakistanKSE 2184140874764.4753.054.781.393.39
TaiwanGTSM 38442212123157.5455.654.260.913.34
NorwayOSE 141191152564.7157.504.461.123.34
Austria WIENERBORSE 38926516868.1263.404.080.773.31
PhilippinesPSE 104458830656.3252.044.421.293.13
IsraelTASE 2045142985269.8859.623.960.873.09
BrazilBOVESPA 2548162391264.0555.884.131.053.08
Saudi ArabiaTADAWUL 132288150366.6457.093.810.763.04
DenmarkCOPENHAGEN 87556930565.0353.603.910.942.97
ArgentinaBUE 1371037875.1875.733.040.112.93
SwedenSTOCKHOLM 48032967154161.8851.854.311.402.91
The World 33795922324212594266.1056.373.931.082.85
Hong KongHKEX 96365726276159.4248.224.411.572.84
South KoreaKRX 99866451366264.6056.773.670.872.79
ChileBCS 132785059.0964.103.280.532.76
ThailandSET 2942173189358.8451.593.761.012.75
KuwaitKSE 36323211263.9148.284.161.442.72
QatarQE 30418410660.5357.613.480.782.71
MalaysiaBURSA 2732148473554.3249.534.101.422.68
USPREFERRED 1737122267770.3555.403.180.502.68
BangladeshDSE 1799103552557.5350.723.871.202.67
TaiwanTWSE 54773249179459.3255.223.410.792.62
RussiaMICEX 1740109559563.9753.463.520.912.61
ChinaSZSE 2284016045902370.2556.243.641.072.57
USNYSE 29041203581210370.1259.433.380.812.56
JapanTOKYO 2665817330960565.0155.423.611.082.53
CanadaTSX 82295540314167.3456.693.270.852.43
PortugalLISBON 2201367261.8252.943.381.012.36
FrancePARIS 48673213184766.0257.493.120.782.34
UKLSE 103637148405369.0356.653.170.892.28
ChinaSSE 1598911318637370.7956.313.220.952.27
SpainIBEX 110773540066.4054.423.190.992.20
FOREXFOREX 25819110074.0352.362.630.462.17
RussiaMICEX 1851338571.8963.912.480.362.12
SingaporeSGX 86944120850.7547.173.141.102.04
ItalyBORSA 57583929220668.2456.152.820.851.97
AustraliaASX 46302816150760.8253.523.301.341.95
GermanyXETRA 86865967339668.7856.852.640.751.89
MexicoBMV 129788045767.8551.932.770.991.78
BrazilBOVESPA 1831077358.4768.222.040.261.78
TurkeyBIST 20114910274.1368.462.130.371.76
NetherlandsAMSTERDAM 1462101158969.3658.092.210.571.65
JordanASE 161935057.7653.763.281.671.61
SwitzerlandSIX 26911845103068.8255.622.150.631.51
BelgiumBRUSSELS 76648225962.9253.732.230.761.47
PakistanKSE 1551057167.7467.621.630.191.44
UAEUAE 2541486558.2743.922.701.261.43
ChileBCS 1691217271.6059.501.300.251.05
MexicoBMV 2181438465.6058.741.350.370.98
SwitzerlandSIX 1521097471.7167.891.140.190.94
NorwayOSE 1921488077.0854.051.040.240.80
UAEUAE 1781217367.9860.330.960.240.72
ThailandSET 2001386669.0047.830.960.280.69
IndonesiaIDX 127965675.5958.330.900.220.68
CanadaTSX 137955569.3457.890.860.200.66
Poland GPW 2021418569.8060.280.910.260.66
Vietnam HOSE 143975567.8356.700.930.280.65
MalaysiaBURSA 1471055571.4352.380.970.320.65
DenmarkCOPENHAGEN 1761287672.7359.380.840.200.64
ChinaSSE 1591096068.5555.050.810.180.62
JapanTOKYO 1981538677.2756.210.820.210.61
PhilippinesPSE 1481045770.2754.810.800.190.61
PortugalLISBON 130925270.7756.520.860.300.55
IsraelTASE 1771176666.1056.410.780.260.52
Greece ATHENS 120844870.0057.140.730.230.50
South KoreaKOSDAQ 122854869.6756.470.670.180.49
SpainIBEX 126905371.4358.890.770.280.49
BangladeshDSE 121865171.0759.300.700.210.49
Austria WIENERBORSE 110784470.9156.410.730.240.49
AustraliaASX 1521016266.4561.390.670.190.49
NetherlandsAMSTERDAM 117844771.7955.950.710.240.48
BelgiumBRUSSELS 117844771.7955.950.710.240.48
UKLSE 2161438766.2060.840.700.220.48
USFOREX 2091508271.7754.670.710.230.47
GermanyXETRA 116834671.5555.420.710.240.47
FrancePARIS 116834671.5555.420.710.240.47
ItalyBORSA 116834671.5555.420.710.240.47
IndiaNSE 1491005467.1154.000.620.240.38
SingaporeSGX 1391045374.8250.960.570.190.38
SwedenSTOCKHOLM 2101577974.7650.320.620.300.32
JapanFUKUOKA 3521960.0042.862.191.950.24
TaiwanGTSM 130874666.9252.870.520.310.21
Hong KongHKEX 1471035270.0750.490.490.370.12
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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