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 1/1/2020
Stock Exchange 
Per Trade 
Total Net% Descending
JapanSAPPORO 52140.0050.004.501.003.50
ArgentinaBUE 1581198775.3273.112.820.152.67
PakistanKSE 1861288868.8268.752.320.212.11
TurkeyBIST 23917812174.4867.982.380.342.03
RussiaMICEX 25018111172.4061.332.550.581.97
BrazilBOVESPA 2211359161.0967.412.010.271.74
FOREXFOREX 30322411673.9351.791.370.281.09
ChileBCS 2201649774.5559.151.330.311.02
MexicoBMV 26117610067.4356.821.290.360.93
NorwayOSE 23617910075.8555.871.110.240.87
SwitzerlandSIX 1931449174.6163.
ChinaSSE 2021448271.2956.940.990.210.78
CanadaTSX 1711207270.1860.000.930.180.75
JapanTOKYO 24218010374.3857.220.950.220.73
Poland GPW 25617410567.9760.341.000.270.73
IsraelTASE 2251488965.7860.140.950.220.73
UAEUAE 2261528967.2658.550.960.240.72
Vietnam HOSE 1981407670.7154.291.020.310.71
MalaysiaBURSA 1921387271.8852.171.020.330.69
UKLSE 27218111266.5461.880.910.220.69
AustraliaASX 1901277966.8462.200.830.170.66
DenmarkCOPENHAGEN 2341659670.5158.180.830.190.64
IndonesiaIDX 1701327477.6556.060.870.250.62
IndiaNSE 1931347369.4354.480.850.230.62
PortugalLISBON 1581096268.9956.880.870.280.60
ThailandSET 2561788269.5346.070.880.280.60
PhilippinesPSE 1851307070.2753.850.760.200.56
BangladeshDSE 1601096268.1356.880.810.260.55
Austria WIENERBORSE 136955469.8556.840.770.230.54
NetherlandsAMSTERDAM 1481035869.5956.310.760.230.52
BelgiumBRUSSELS 1481035869.5956.310.760.230.52
SpainIBEX 1541096470.7858.720.780.260.52
ItalyBORSA 1461025769.8655.880.750.240.52
GermanyXETRA 1461025769.8655.880.750.240.52
FrancePARIS 1461025769.8655.880.750.240.52
Greece ATHENS 1481035869.5956.310.740.220.51
SwedenSTOCKHOLM 26319310273.3852.850.790.280.50
South KoreaKOSDAQ 1671206671.8655.000.670.170.50
TaiwanGTSM 1581086168.3556.480.680.260.42
USFOREX 2611909972.8052.110.690.270.42
SingaporeSGX 1781337174.7253.380.560.190.38
Hong KongHKEX 1861316470.4348.850.490.340.15
DenmarkCOPENHAGEN 10549762.711.
PortugalLISBON 2607364.621.790.120.010.10
The World 3760708038471965.441.920.060.010.05
BangladeshDSE 16193258.
ThailandSET 33403257.400.
KuwaitKSE 4664363.521.
RussiaMICEX 18064362.
SwedenSTOCKHOLM 56138661.320.
TaiwanTWSE 57813259.450.
Vietnam HOSE 24938462.
IndiaBSE 202955561.300.
TaiwanGTSM 40223259.
IsraelTASE 23755167.920.
IndiaNSE 131845462.
South KoreaKOSDAQ 119691165.920.
ItalyBORSA 72197466.700.
FrancePARIS 58474263.
NetherlandsAMSTERDAM 19873266.780.
Poland GPW 27483158.730.
GermanyXETRA 122851167.
USNASDAQ 308578366.310.
USNYSE 329068469.970.
JapanTOKYO 268108564.950.
UKLSE 124131167.
TurkeyBIST 24500063.
SingaporeSGX 7870051.460.
PakistanKSE 19040064.760.
USOTC PINK 92850062.830.
Vietnam HNX 7080056.780.
SwitzerlandSIX 31120066.840.
CanadaCSE 6540054.740.
CanadaTSX-V 13860056.850.
BrazilBOVESPA 35920065.670.
ArgentinaBUE 12010070.860.
BelgiumBRUSSELS 7760063.
SpainIBEX 11520064.760.
Greece ATHENS 5050063.760.
ChinaSZSE 278630067.860.
ChinaSSE 217209367.560.
ChileBCS 1950058.970.
Saudi ArabiaTADAWUL 17060063.480.
QatarQE 2950067.
MalaysiaBURSA 26100054.370.
MexicoBMV 13920068.
IndonesiaIDX 18160059.
JordanASE 1880055.850.
JapanNAGOYA 1490057.720.
JapanFUKUOKA 300056.670.
PhilippinesPSE 9763153.590.
CanadaTSX 89934166.
USAMEX 40006269.480.
AustraliaASX 50602059.330.
South KoreaKRX 100241065.570.
Hong KongHKEX 93773059.
UAEUAE 3061058.820.
USWARRANTS 3491065.620.000.000.01-0.01
Austria WIENERBORSE 9067368.540.480.010.02-0.01
EgyptEGX 9413164.610.160.000.02-0.01
NorwayOSE 19093160.970.090.000.02-0.02
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


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