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 71361750.7047.2212.193.728.47
Greece ATHENS 1691077463.3169.167.701.096.61
ArgentinaBUE 2211429964.2569.726.430.755.68
USOTC PINK 44832701135360.2550.097.792.615.17
IndiaNSE 62243953259163.5165.555.790.814.98
IndiaBSE 87925477340062.3062.086.051.104.95
Hong KongHKEX 52243128175759.8856.175.411.234.18
South KoreaKOSDAQ 56363630231564.4163.775.000.834.17
EgyptEGX 45528216261.9857.455.181.084.11
IndonesiaIDX 63339521962.4055.445.060.964.09
ChinaSZSE 94676895480872.8369.734.870.864.01
PakistanKSE 116174244563.9159.975.021.083.94
BrazilBOVESPA 99163240563.7764.084.680.753.93
ChileBCS 39252064.1080.004.040.203.84
USAMEX 160298056061.1757.144.821.133.68
ChinaSSE 66514894331973.5867.824.480.813.67
TurkeyBIST 94561738665.2962.564.330.753.58
USNASDAQ 139899134577665.3463.194.500.943.56
JapanSAPPORO 52140.0050.004.501.003.50
Vietnam HOSE 84149629758.9859.884.280.823.46
TaiwanGTSM 2282130078756.9760.544.260.823.44
SwedenSTOCKHOLM 2080130174062.6956.754.461.103.37
NorwayOSE 58938123264.6960.894.451.123.33
ArgentinaBUE 78605076.9283.333.270.083.18
JapanTOKYO 128178438526765.8462.413.920.743.18
The World 1592991046846496165.7362.044.010.853.16
South KoreaKRX 49193187199964.8162.703.790.653.14
Saudi ArabiaTADAWUL 84353634363.5863.993.880.753.13
PhilippinesPSE 46928016459.7058.573.961.042.92
IsraelTASE 90362740569.4464.593.610.732.88
USWARRANTS 53352366.0465.714.311.492.83
TaiwanTWSE 32151882113558.5460.313.420.642.78
DenmarkCOPENHAGEN 44728215263.0953.903.480.742.74
ThailandSET 133977139857.5851.623.460.852.61
CanadaTSX-V 49126610754.1840.235.763.172.60
RussiaMICEX 65841724563.3758.753.711.122.59
RussiaMICEX 98663967.3559.093.080.482.59
BangladeshDSE 85146025854.0556.093.430.872.56
Poland GPW 140285250060.7758.693.551.012.55
MalaysiaBURSA 124069636656.1352.593.651.142.51
CanadaTSX 46613016177764.7758.863.200.742.45
AustraliaASX 2129138680465.1058.013.380.942.44
Vietnam HNX 3011767658.4743.184.442.002.44
UKLSE 47933308203869.0861.553.150.762.39
PortugalLISBON 115785167.8365.383.120.822.29
SpainIBEX 57138222666.9059.163.000.702.29
GermanyXETRA 34982456150670.2161.322.850.612.24
FrancePARIS 2174146391467.3062.472.810.632.18
USNYSE 1634510962685767.0862.542.820.662.16
QatarQE 174995556.9055.562.730.572.16
Austria WIENERBORSE 2031367667.0055.882.760.622.14
ItalyBORSA 29952097122570.0258.422.690.781.91
BelgiumBRUSSELS 44331217470.4355.772.470.601.87
JordanASE 113673259.2947.763.611.791.82
NetherlandsAMSTERDAM 72748831567.1364.552.370.611.76
KuwaitKSE 168994558.9345.453.361.661.71
MexicoBMV 58539822568.0356.532.370.751.63
TurkeyBIST 95684771.5869.121.740.151.59
SingaporeSGX 59033416856.6150.302.531.071.46
SwitzerlandSIX 122486150370.9257.951.930.531.40
UAEUAE 141884162.4146.592.761.391.38
JapanFUKUOKA 2717962.9652.942.291.061.24
USPREFERRED 107973341767.9356.891.540.391.15
MexicoBMV 128835364.8463.861.470.391.08
SwitzerlandSIX 90604466.6773.331.250.201.05
IsraelTASE 81493560.4971.431.100.140.96
BrazilBOVESPA 80492961.2559.181.200.330.88
ChileBCS 90653872.2258.461.170.290.88
BangladeshDSE 64443068.7568.181.000.160.84
South KoreaKOSDAQ 55362565.4569.441.000.170.83
MalaysiaBURSA 90643671.1156.251.170.340.83
PhilippinesPSE 65443067.6968.181.020.230.80
IndonesiaIDX 67523477.6165.381.000.210.79
PakistanKSE 73503368.4966.001.020.260.76
CanadaTSX 68472969.1261.700.910.190.72
SpainIBEX 75503266.6764.000.940.240.70
JapanNAGOYA 77501964.9438.001.600.940.66
Greece ATHENS 72472865.2859.570.850.210.64
Austria WIENERBORSE 63412465.0858.540.880.240.63
PortugalLISBON 73482965.7560.420.920.290.63
SingaporeSGX 75523069.3357.690.730.130.60
ItalyBORSA 64422465.6357.140.860.260.60
NetherlandsAMSTERDAM 64422465.6357.140.860.260.60
GermanyXETRA 64422465.6357.140.860.260.60
FrancePARIS 64422465.6357.140.860.260.60
BelgiumBRUSSELS 64422465.6357.140.860.260.60
DenmarkCOPENHAGEN 104694266.3560.870.770.190.58
FOREXFOREX 149996166.4461.620.780.210.57
NorwayOSE 79613277.2252.460.800.250.56
UAEUAE 100653965.0060.000.800.260.54
Poland GPW 105714167.6257.750.770.280.49
ChinaSSE 70472667.1455.320.640.150.49
Vietnam HOSE 83543265.0659.260.780.300.48
JapanTOKYO 96764579.1759.210.680.210.47
USFOREX 117834770.9456.630.640.280.36
TaiwanGTSM 72492868.0657.140.610.270.35
UKLSE 128794261.7253.160.570.230.34
AustraliaASX 92543058.7055.560.520.220.30
SwedenSTOCKHOLM 102793877.4548.100.630.350.28
ThailandSET 117834070.9448.190.530.250.28
OmanMSM 84250.0050.002.001.750.25
Hong KongHKEX 83552966.2752.730.550.450.09
IndiaNSE 69442063.7745.450.270.34-0.07
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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