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 1/1/2017
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
ArgentinaBUE 49732720065.7961.167.711.326.39
TurkeyBIST 1827113166261.9058.535.920.994.93
EgyptEGX 77248626162.9553.705.611.264.35
CanadaCSE 2861557354.2047.108.684.414.27
Vietnam HNX 43424212555.7651.655.521.494.03
BrazilBOVESPA 1921123069164.0356.185.071.064.01
IndiaNSE 124987688425961.5155.405.101.233.87
IndonesiaIDX 125674838059.5550.804.911.173.74
IndiaBSE 160189664510660.3352.845.181.593.59
South KoreaKOSDAQ 105336756383764.3356.634.761.243.52
JapanSAPPORO 52140.0050.004.501.003.50
PakistanKSE 2013128769063.9353.614.751.423.33
USOTC PINK 93685601248960.5843.866.703.423.28
USNASDAQ 2472016353925466.1556.594.541.273.26
TaiwanGTSM 38182208122057.8355.254.140.993.15
ArgentinaBUE 124927174.1977.173.250.113.14
Hong KongHKEX 93925613277059.8549.284.651.583.07
Vietnam HOSE 167296452257.6654.153.971.042.92
ChileBCS 81513462.9666.673.350.432.92
Greece ATHENS 33121911166.1650.684.511.592.92
IsraelTASE 1673115165868.8057.173.840.952.89
SwedenSTOCKHOLM 42172618132962.0850.764.291.412.88
USAMEX 2781182598265.6253.814.081.272.82
ChinaSZSE 1935813921791071.9156.823.961.192.77
Poland GPW 2242135571760.4452.923.991.272.73
NorwayOSE 115874740464.5154.084.001.332.67
The World 29513019266910710765.3255.563.771.132.64
ChinaSSE 134979685549771.7656.763.701.102.60
Saudi ArabiaTADAWUL 139489251063.9957.173.420.852.57
RussiaMICEX 128582542464.2051.393.731.192.54
TaiwanTWSE 54863242178259.1054.973.330.802.54
JapanTOKYO 2570816529928864.3056.193.571.062.51
PhilippinesPSE 91251828056.8054.053.721.222.50
South KoreaKRX 96746227340964.3754.753.450.962.49
RussiaMICEX 1651167770.3066.382.740.342.40
MalaysiaBURSA 2410129464453.6949.773.801.452.35
USNYSE 28452194731133168.4458.193.150.842.32
USPREFERRED 1849125469967.8255.742.800.502.30
ThailandSET 2499139068455.6249.213.311.042.27
DenmarkCOPENHAGEN 80350025662.2751.203.191.022.17
CanadaTSX 82305401298765.6355.303.000.892.10
SpainIBEX 105069338166.0054.983.100.992.10
AustraliaASX 40452473132461.1453.543.301.262.05
QatarQE 31719310360.8853.372.820.851.97
UKLSE 90366152340768.1955.292.860.931.92
FrancePARIS 43332842161965.5956.972.740.831.92
Austria WIENERBORSE 48231518265.3557.782.720.831.90
TurkeyBIST 1681258874.4070.402.230.341.89
BrazilBOVESPA 154906258.4468.892.100.221.88
PortugalLISBON 2261498065.9353.692.941.071.87
JapanNAGOYA 153963962.7540.633.161.291.86
ItalyBORSA 53413616200867.7055.532.550.861.69
CanadaTSX-V 87148719255.9139.435.493.801.68
MexicoBMV 106471137566.8252.742.510.891.62
GermanyXETRA 71284885275668.5356.422.390.781.61
JordanASE 1751025358.2951.963.261.701.57
BangladeshDSE 168095144956.9046.972.841.321.52
PakistanKSE 124885970.9767.051.720.201.51
NetherlandsAMSTERDAM 133590151367.4956.942.030.641.38
KuwaitKSE 3352049460.9046.082.951.591.35
SingaporeSGX 97751324252.5147.172.381.091.29
SwitzerlandSIX 2336161987969.3154.291.920.671.25
BelgiumBRUSSELS 74148525065.4551.552.050.821.23
ChileBCS 1461046371.2360.581.430.281.15
MexicoBMV 1901258065.7964.001.460.351.11
SwitzerlandSIX 136966770.5969.791.210.201.01
UAEUAE 2521567461.9047.442.421.430.99
CanadaTSX 113784869.0361.540.990.180.81
PhilippinesPSE 117794967.5262.030.940.190.75
NorwayOSE 1471176179.5952.140.980.260.73
PortugalLISBON 105744370.4858.110.970.270.70
IndonesiaIDX 108845077.7859.520.880.190.69
IsraelTASE 137875363.5060.920.930.240.69
UAEUAE 151996165.5661.620.930.240.69
Poland GPW 1601146971.2560.530.930.250.68
ChinaSSE 126884869.8454.550.850.170.68
DenmarkCOPENHAGEN 142995869.7258.590.870.190.68
Vietnam HOSE 125854868.0056.470.930.270.66
JapanTOKYO 1721317676.1658.020.860.210.65
MalaysiaBURSA 129914870.5452.750.930.330.60
Greece ATHENS 99683968.6957.350.790.190.60
Austria WIENERBORSE 89623569.6656.450.810.210.60
South KoreaKOSDAQ 90613867.7862.300.770.180.59
FOREXFOREX 2111528072.0452.630.950.370.59
SpainIBEX 104744471.1559.460.840.260.58
BangladeshDSE 97704372.1661.430.770.200.57
NetherlandsAMSTERDAM 95673770.5355.220.780.210.57
ItalyBORSA 95673770.5355.220.780.210.57
GermanyXETRA 95673770.5355.220.780.210.57
FrancePARIS 95673770.5355.220.780.210.57
BelgiumBRUSSELS 95673770.5355.220.780.210.57
AustraliaASX 141955867.3861.050.690.190.51
UKLSE 1881247565.9660.480.730.240.49
USFOREX 1771267171.1956.350.670.230.44
SingaporeSGX 115844373.0451.190.620.190.43
SwedenSTOCKHOLM 1561216577.5653.720.660.310.36
IndiaNSE 122824267.2151.220.570.280.29
TaiwanGTSM 110754168.1854.670.520.280.24
ThailandSET 1631135169.3345.130.500.300.19
Hong KongHKEX 123844368.2951.190.510.370.14
JapanFUKUOKA 35211060.0047.621.862.10-0.24
USWARRANTS 25181072.0055.563.504.06-0.56
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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