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 1/1/2018
Stock Exchange 
Per Trade 
Total Net% Descending
USWARRANTS 109825575.2367.0716.132.0714.06
CanadaCSE 43123411854.2950.4311.243.677.58
TurkeyBIST 2068133084964.3663.796.990.856.14
ArgentinaBUE 69745528366.5760.997.241.196.04
Vietnam HNX 47126915957.1159.116.941.305.63
EgyptEGX 79752829766.2556.256.341.275.08
USOTC PINK 106606575303261.9945.888.063.404.66
IndonesiaIDX 130576739458.7751.375.641.214.43
IndiaBSE 1653410082548861.0054.425.691.494.20
CanadaTSX-V 110365128959.0244.397.573.424.15
IndiaNSE 122497586426261.9756.155.311.194.12
South KoreaKOSDAQ 107527006411565.2458.665.051.123.93
JapanNAGOYA 154924259.7445.655.131.213.92
Austria WIENERBORSE 32122014768.5466.824.570.663.91
Greece ATHENS 38524513763.6455.925.061.263.80
USNASDAQ 2513216786965466.8657.465.071.293.78
Vietnam HOSE 1859109662758.9657.214.710.973.74
BrazilBOVESPA 2222142682064.7656.984.630.993.64
USAMEX 30502079120568.2657.884.691.063.63
JapanSAPPORO 52140.0050.004.501.003.50
NorwayOSE 129284648765.5657.504.611.133.48
PakistanKSE 2059133672264.8954.044.851.373.48
Poland GPW 2479146077958.9453.324.791.353.44
TaiwanGTSM 35742075115158.0655.474.110.913.19
Saudi ArabiaTADAWUL 121982347767.5157.963.950.773.17
IsraelTASE 1901133480070.2859.884.020.853.17
PhilippinesPSE 98456329357.2252.044.461.313.15
DenmarkCOPENHAGEN 80251627864.3453.884.050.943.11
SwedenSTOCKHOLM 45172812146862.3252.154.381.392.99
ArgentinaBUE 1351017774.8176.
ThailandSET 2684155882058.0552.633.900.992.91
The World 31861421079711961866.2156.713.941.072.88
South KoreaKRX 93896144350065.4456.973.700.872.83
Hong KongHKEX 90825435263659.8448.504.381.562.82
RussiaMICEX 1602101855964.2354.323.680.902.78
KuwaitKSE 33221610665.0649.074.251.482.77
QatarQE 29217410159.5958.053.570.812.76
ChileBCS 120724660.0063.893.280.562.72
TaiwanTWSE 50603058169560.4355.433.470.782.69
USPREFERRED 1785124770169.8656.213.180.492.69
MalaysiaBURSA 2580139769154.1549.464.081.402.68
USNYSE 27634194021162770.2659.883.450.802.64
JapanTOKYO 2546016549922565.0055.743.651.082.57
ChinaSZSE 2118914850834870.0856.223.541.062.49
CanadaTSX 79665360303967.2956.703.300.842.46
SpainIBEX 107070839766.1756.073.410.982.43
BangladeshDSE 172398148956.9449.853.621.222.40
FrancePARIS 45593024176966.3358.503.180.782.39
UKLSE 96696671379869.0756.873.260.882.38
PortugalLISBON 2171347161.7552.993.401.042.35
ChinaSSE 1479610426587270.4656.323.170.952.22
FOREXFOREX 2541889974.0252.662.660.462.21
RussiaMICEX 1841318471.2064.122.510.362.15
SingaporeSGX 83441719950.0047.723.241.152.09
ItalyBORSA 54513731210068.4556.292.870.842.03
AustraliaASX 43522655141661.1953.173.331.351.98
GermanyXETRA 80335541317968.9857.372.670.741.93
MexicoBMV 120781143167.1953.142.830.951.88
TurkeyBIST 19314410074.6169.442.190.351.83
JordanASE 143814656.6456.793.371.541.83
NetherlandsAMSTERDAM 136994255668.8159.022.330.551.78
BrazilBOVESPA 1761006856.8268.
SwitzerlandSIX 2472171196469.5056.112.150.621.53
BelgiumBRUSSELS 70744324362.6654.852.250.761.49
PakistanKSE 1501006866.6768.001.650.191.46
ChileBCS 1661187071.0859.321.310.251.06
MexicoBMV 2171428465.4459.151.360.370.99
SwitzerlandSIX 1501087472.0068.521.150.190.95
NorwayOSE 1831417777.0554.611.080.240.84
UAEUAE 1731177167.6360.680.970.240.74
Poland GPW 1951378370.2660.580.930.250.69
IndonesiaIDX 125955576.0057.890.910.220.68
CanadaTSX 135935468.8958.060.880.200.68
Vietnam HOSE 139935266.9155.910.950.290.66
MalaysiaBURSA 1451045571.7252.880.980.330.65
ThailandSET 1971356368.5346.670.930.280.65
DenmarkCOPENHAGEN 1741277572.9959.060.850.200.65
JapanTOKYO 1921468376.0456.850.860.210.64
UAEUAE 2521456357.5443.451.931.290.64
ChinaSSE 1561085969.2354.630.810.190.63
PhilippinesPSE 1431005569.9355.000.820.200.62
PortugalLISBON 129925271.3256.520.860.300.55
IsraelTASE 1731146565.9057.020.800.250.54
Greece ATHENS 119844870.5957.140.730.230.50
South KoreaKOSDAQ 119834769.7556.630.660.170.49
SpainIBEX 125905372.0058.890.770.280.49
Austria WIENERBORSE 109784471.5656.410.730.240.49
USFOREX 2021447971.2954.860.720.240.49
AustraliaASX 1511016266.8961.390.670.190.49
BangladeshDSE 118855072.0358.820.690.210.48
UKLSE 2141428666.3660.560.700.230.48
NetherlandsAMSTERDAM 116844772.4155.950.710.240.48
BelgiumBRUSSELS 116844772.4155.950.710.240.48
GermanyXETRA 115834672.1755.420.710.240.47
FrancePARIS 115834672.1755.420.710.240.47
ItalyBORSA 115834672.1755.420.710.240.47
IndiaNSE 143955166.4353.680.650.240.41
JapanFUKUOKA 3220962.5045.002.301.900.40
SingaporeSGX 1351005174.0751.000.590.200.39
SwedenSTOCKHOLM 2051527774.1550.660.640.300.34
TaiwanGTSM 127874668.5052.870.520.310.21
Hong KongHKEX 142995069.7250.510.490.370.12
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


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.

Candlesticker.com is an independent and free website and all the Services provided by Americanbulls.com LLC at Candlesticker.com are completely free of charge. Americanbulls.com LLC does not receive compensation by any direct or indirect means from the visitors and users of this website (or of any other bulls.com© family websites), and from the stocks, securities and other institutions or any underwriters or dealers associated with the broader national or international forex, commodity and stock markets.

You agree that Candlesticker.com and Americanbulls.com LLC its parent company, subsidiaries, affiliates, officers and employees shall not be liable for any direct, indirect, incidental, special or consequential damages.