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 41321878.0556.2519.844.7215.13
CanadaCSE 3431899655.6950.2611.803.678.13
ArgentinaBUE 58338624266.2162.697.701.286.42
TurkeyBIST 1740108167562.1362.446.920.896.02
EgyptEGX 71546826665.4556.846.001.234.77
Vietnam HNX 39022413057.4458.046.041.374.67
USOTC PINK 95525782263661.4844.887.673.414.25
IndonesiaIDX 116468634858.9350.735.441.234.21
JapanNAGOYA 145884060.6945.455.321.244.08
IndiaNSE 113897025391361.7455.655.131.203.93
IndiaBSE 149819089488860.7253.745.391.523.87
South KoreaKOSDAQ 98746388372564.7058.314.991.143.84
USNASDAQ 2250215168870367.4757.325.041.283.76
PakistanKSE 1900122667964.5355.385.001.373.62
BrazilBOVESPA 1842117266663.9556.544.641.023.62
JapanSAPPORO 52140.0050.004.501.003.50
Austria WIENERBORSE 23816210968.0767.284.100.713.39
Vietnam HOSE 167097453758.3255.134.331.003.33
Poland GPW 2213131169759.2953.134.651.343.32
CanadaTSX-V 95056324459.2643.346.833.533.31
NorwayOSE 109471541065.3657.344.461.153.30
Greece ATHENS 34422111864.2453.394.621.373.26
DenmarkCOPENHAGEN 72546525064.1453.764.200.963.24
TaiwanGTSM 32651906105358.3855.254.060.903.15
ArgentinaBUE 127947374.0277.663.260.113.15
USAMEX 26631808101467.8956.084.281.153.13
IsraelTASE 1742121670969.9858.164.010.893.12
PhilippinesPSE 87150226657.6352.994.311.203.11
Saudi ArabiaTADAWUL 116478444767.3557.023.860.793.07
SwedenSTOCKHOLM 41162552132362.1051.764.401.373.02
RussiaMICEX 140590650164.4855.303.910.962.94
QatarQE 2731649660.0758.543.740.822.91
ChileBCS 99624062.6364.523.390.522.87
USPREFERRED 1812125270969.0956.633.260.472.79
The World 29001419162210806166.1656.323.841.072.77
MalaysiaBURSA 2336127064054.3750.394.141.392.75
South KoreaKRX 85705566313265.0356.203.570.892.68
ThailandSET 2428138271056.9251.373.641.012.63
Hong KongHKEX 85395102245759.7848.134.171.572.59
USNYSE 25394177971057070.1159.373.410.822.59
JapanTOKYO 2354715212850164.6055.883.651.092.56
TaiwanTWSE 46172776150960.1354.363.270.772.50
ChinaSZSE 1906713410749070.3455.853.461.062.40
FrancePARIS 40522704157566.8658.143.170.782.39
SpainIBEX 96864535566.6355.043.350.982.37
SingaporeSGX 79339719050.0647.863.481.122.36
RussiaMICEX 1731238271.1066.672.640.332.31
CanadaTSX 73184928277767.3556.343.160.852.30
UKLSE 86925969333669.0155.623.170.892.28
ChinaSSE 133029403527570.7056.093.100.952.15
JordanASE 133784558.6557.693.711.632.08
PortugalLISBON 2041327364.7155.303.111.032.08
AustraliaASX 39312393127660.9053.303.311.331.98
ItalyBORSA 49253351188668.4155.982.820.851.97
BangladeshDSE 158090544557.2849.173.141.241.90
TurkeyBIST 1751319174.8669.472.240.341.90
GermanyXETRA 70194815274068.9656.612.610.771.84
MexicoBMV 104569937566.9953.572.730.901.83
BrazilBOVESPA 168946455.9568.092.050.231.82
KuwaitKSE 3111979563.3448.223.351.551.80
NetherlandsAMSTERDAM 123685150068.8558.752.270.571.70
SwitzerlandSIX 2213154686669.8656.022.150.641.52
PakistanKSE 138936467.3968.821.690.191.49
BelgiumBRUSSELS 65241121763.0452.802.170.791.38
ChileBCS 1571116670.7059.461.390.271.12
SwitzerlandSIX 1441027170.8369.611.160.190.97
MexicoBMV 2101378165.2459.121.340.390.96
NorwayOSE 1681297076.7954.261.130.250.88
JapanFUKUOKA 33221066.6745.452.731.860.86
FOREXFOREX 2221608372.0751.881.210.370.84
UAEUAE 1611076666.4661.680.970.230.74
UAEUAE 2381426559.6645.772.011.280.73
CanadaTSX 127875268.5059.770.920.200.72
IndonesiaIDX 114895378.0759.550.890.180.71
Poland GPW 1831277769.4060.630.950.250.70
PhilippinesPSE 129875167.4458.620.870.200.68
DenmarkCOPENHAGEN 1581136871.5260.180.850.190.66
PortugalLISBON 121844969.4258.330.930.290.64
Vietnam HOSE 130874966.9256.320.910.280.63
JapanTOKYO 1841408076.0957.140.840.220.62
MalaysiaBURSA 137965070.0752.080.950.330.61
ThailandSET 1821265869.2346.030.890.290.60
Greece ATHENS 111764568.4759.210.790.200.59
IsraelTASE 1541005764.9457.000.840.250.59
ChinaSSE 143995169.2351.520.790.200.59
Austria WIENERBORSE 101704169.3158.570.800.210.59
SpainIBEX 117825070.0960.980.830.260.57
NetherlandsAMSTERDAM 108764470.3757.890.780.210.57
BelgiumBRUSSELS 108764470.3757.890.780.210.57
GermanyXETRA 107754370.0957.330.770.210.56
FrancePARIS 107754370.0957.330.770.210.56
ItalyBORSA 107754370.0957.330.770.210.56
BangladeshDSE 106774672.6459.740.730.210.52
AustraliaASX 145975966.9060.820.660.190.47
USFOREX 1861327370.9755.300.700.230.46
South KoreaKOSDAQ 107744269.1656.760.640.180.46
UKLSE 2011327965.6759.850.680.240.44
SingaporeSGX 125934774.4050.540.580.190.39
SwedenSTOCKHOLM 1901427374.7451.410.630.300.33
IndiaNSE 132874465.9150.570.540.260.28
TaiwanGTSM 116784267.2453.850.510.320.19
Hong KongHKEX 129884468.2250.000.500.400.10
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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