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 126673153.9745.5910.473.506.97
ArgentinaBUE 29319312665.8765.286.700.845.87
Greece ATHENS 2051318263.9062.606.291.225.07
USOTC PINK 57773477171660.3849.207.552.644.91
IndiaBSE 109746767416361.6861.505.811.124.68
IndiaNSE 79145009320163.3163.895.450.844.62
South KoreaKOSDAQ 68244344278063.6664.005.040.824.22
EgyptEGX 52632618461.9856.444.961.053.91
IndonesiaIDX 77348326862.4855.494.850.983.87
ChinaSZSE 124959130626773.0768.644.560.843.73
PakistanKSE 139989953264.2659.184.771.063.70
Hong KongHKEX 62413688202459.0954.884.951.263.69
TurkeyBIST 117576046464.6861.054.410.813.60
USNASDAQ 1654410944703166.1964.204.470.913.56
BrazilBOVESPA 129081149962.8761.534.370.823.55
TaiwanGTSM 2678151191856.4260.754.340.813.53
JapanSAPPORO 52140.0050.004.501.003.50
USAMEX 1827115466463.1657.544.611.123.49
Vietnam HOSE 106561437257.6560.594.260.803.46
ArgentinaBUE 81635377.7884.133.520.083.44
NorwayOSE 71446729065.8361.704.380.973.41
ChileBCS 44272061.3674.073.740.333.41
Vietnam HNX 35119810056.4150.515.101.733.37
ChinaSSE 86676381425473.6266.674.100.773.33
SwedenSTOCKHOLM 2646165193262.4056.454.191.073.12
JapanTOKYO 1609110598657065.8661.993.840.763.07
The World 1941371277847901065.8461.813.890.853.05
Saudi ArabiaTADAWUL 100363541463.3165.203.690.712.98
USWARRANTS 59402967.8072.504.201.232.98
South KoreaKRX 61973973243664.1161.313.660.692.97
PhilippinesPSE 59234220157.7758.773.951.082.88
TaiwanTWSE 37492194131658.5259.983.440.652.79
IsraelTASE 109476449069.8464.143.430.712.72
AustraliaASX 2547164195664.4358.263.470.952.52
RussiaMICEX 118825369.4964.632.890.392.50
ThailandSET 158691347557.5752.033.380.882.50
RussiaMICEX 82651730162.7158.113.521.042.48
Poland GPW 159894755259.5158.043.511.032.48
CanadaTSX-V 62634713955.4340.065.593.202.38
TurkeyBIST 109846177.0672.622.510.152.36
SpainIBEX 69546127366.3359.223.060.722.33
CanadaTSX 54443557210065.4158.973.020.732.29
DenmarkCOPENHAGEN 51232217662.8954.663.020.742.28
MalaysiaBURSA 151984043255.3051.433.531.282.25
BangladeshDSE 106157731554.3854.593.130.902.24
UKLSE 58134021245069.1760.933.000.772.22
PortugalLISBON 149996566.4465.662.870.672.20
USNYSE 1924813146835468.3063.552.810.632.18
Austria WIENERBORSE 2571719866.5457.312.730.582.15
FrancePARIS 26881789111166.5662.102.770.632.14
QatarQE 2121267159.4356.352.670.562.11
GermanyXETRA 42612984180170.0360.362.580.611.97
JordanASE 133793859.4048.103.621.681.94
MexicoBMV 72548227666.4857.262.570.691.88
ItalyBORSA 35752510144770.2157.652.550.761.79
NetherlandsAMSTERDAM 87458937767.3964.012.300.561.74
KuwaitKSE 2131245758.2245.973.191.621.56
SingaporeSGX 69038218955.3649.482.401.091.30
SwitzerlandSIX 1481103559169.8957.101.850.561.29
BelgiumBRUSSELS 49534218969.0955.261.920.661.26
UAEUAE 1771044958.7647.122.641.381.26
MexicoBMV 150936162.0065.591.600.371.24
BrazilBOVESPA 105624159.0566.131.500.271.23
USPREFERRED 127186448467.9856.021.500.381.12
ChileBCS 98704271.4360.001.310.271.04
SwitzerlandSIX 106694865.0969.571.160.200.96
PakistanKSE 82583870.7365.521.030.220.81
JapanFUKUOKA 2917858.6247.062.001.240.76
MalaysiaBURSA 104744171.1555.411.070.310.76
IndonesiaIDX 73563776.7166.070.950.210.73
BangladeshDSE 71503170.4262.000.900.180.72
CanadaTSX 78503164.1062.000.900.180.72
SpainIBEX 84573667.8663.160.910.210.70
South KoreaKOSDAQ 65422664.6261.900.880.190.69
IsraelTASE 101644263.3765.630.890.220.67
Greece ATHENS 81533165.4358.490.830.190.64
Austria WIENERBORSE 71472766.2057.450.850.210.64
PhilippinesPSE 79543568.3564.810.870.240.63
PortugalLISBON 82553367.0760.000.870.250.62
NetherlandsAMSTERDAM 74492866.2257.140.820.220.59
ItalyBORSA 74492866.2257.140.820.220.59
GermanyXETRA 74492866.2257.140.820.220.59
FrancePARIS 74492866.2257.140.820.220.59
BelgiumBRUSSELS 74492866.2257.140.820.220.59
JapanNAGOYA 102662864.7142.421.470.890.58
ChinaSSE 85613571.7657.380.740.160.57
Poland GPW 118794666.9558.230.820.270.56
FOREXFOREX 1661116766.8760.360.830.280.55
DenmarkCOPENHAGEN 118794666.9558.230.750.200.54
NorwayOSE 93723677.4250.000.780.280.50
JapanTOKYO 115935580.8759.140.690.200.48
SingaporeSGX 86613270.9352.460.640.180.46
UAEUAE 112754366.9657.330.720.280.44
Vietnam HOSE 92623567.3956.450.740.310.44
USFOREX 131925170.2355.430.640.260.38
UKLSE 131834563.3654.220.600.230.37
AustraliaASX 107673962.6258.210.580.210.37
SwedenSTOCKHOLM 113864376.1150.000.690.350.34
TaiwanGTSM 85603370.5955.000.580.300.28
ThailandSET 127914471.6548.350.510.240.26
Hong KongHKEX 96683470.8350.000.490.430.06
IndiaNSE 81542566.6746.300.370.330.04
OmanMSM 85262.5040.001.602.40-0.80
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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