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
USWARRANTS 31221370.9759.0912.824.238.59
ArgentinaBUE 54236222266.7961.337.701.336.36
CanadaCSE 2991668255.5249.4010.394.066.33
TurkeyBIST 1972123573862.6359.766.140.985.16
EgyptEGX 80150627563.1754.355.721.244.47
Vietnam HNX 44924713155.0153.045.481.484.00
IndiaNSE 128487891437761.4255.475.151.233.92
BrazilBOVESPA 2050130872663.8055.504.931.063.86
South KoreaKOSDAQ 108106933395764.1457.074.981.233.75
IndiaBSE 165929999531260.2653.135.281.593.70
IndonesiaIDX 136381641559.8750.864.841.223.62
PakistanKSE 2103134973164.1554.194.931.403.53
JapanSAPPORO 52140.0050.004.501.003.50
USNASDAQ 2585017159968966.3856.474.581.293.29
USOTC PINK 105486260278260.3443.716.703.423.28
TaiwanGTSM 40012329128958.2155.354.200.983.22
ArgentinaBUE 126937273.8177.423.230.113.12
Greece ATHENS 34022511566.1851.114.601.603.01
Vietnam HOSE 1750101455757.9454.934.001.052.95
Hong KongHKEX 97695840285059.7848.804.551.622.94
USAMEX 28831901101565.9453.394.181.302.88
SwedenSTOCKHOLM 44772787141562.2550.774.281.432.85
Poland GPW 2463147076859.6852.244.161.332.83
IsraelTASE 1811124570968.7556.953.780.982.79
NorwayOSE 122978643263.9554.964.081.302.78
ChinaSZSE 2037714668828971.9856.513.941.192.74
Saudi ArabiaTADAWUL 143291952964.1857.563.500.842.67
The World 30788920118111161065.3955.433.811.142.66
South KoreaKRX 95596134336364.1754.833.590.972.62
TaiwanTWSE 57373399187559.2555.163.350.792.56
ChinaSSE 1417910146571071.5656.283.651.102.55
JapanTOKYO 2659117136965464.4456.343.601.052.55
RussiaMICEX 133986144264.3051.343.661.172.49
PhilippinesPSE 95754929957.3754.463.661.192.47
ChileBCS 92593764.1362.713.050.632.42
MalaysiaBURSA 2603140969954.1349.613.881.472.41
RussiaMICEX 1681198070.8367.232.720.342.39
USNYSE 29627203431186668.6658.333.150.832.32
DenmarkCOPENHAGEN 84552827162.4951.333.341.022.32
ThailandSET 2632145471455.2449.113.361.062.30
QatarQE 33220411161.4554.413.050.822.23
CanadaTSX 85495644313966.0255.623.080.892.19
USPREFERRED 2045134074967.5854.202.650.472.18
SpainIBEX 110172039365.4054.583.040.972.07
AustraliaASX 42092585138261.4253.463.301.262.04
CanadaTSX-V 93252720856.5539.475.663.681.98
Austria WIENERBORSE 1811268269.6165.082.820.871.95
TurkeyBIST 1701268874.1269.842.250.341.91
FrancePARIS 46003027171365.8056.592.710.811.89
UKLSE 96966613361968.2154.722.810.951.86
BrazilBOVESPA 164936456.7168.822.080.221.86
JapanNAGOYA 1631004261.3542.003.271.441.83
PortugalLISBON 2361558265.6852.902.851.061.79
JordanASE 1761025357.9551.963.361.731.64
SingaporeSGX 103253825352.1347.032.721.101.62
BangladeshDSE 170095745656.2947.652.891.311.59
ItalyBORSA 56963878211468.0854.512.480.911.57
GermanyXETRA 77785361296869.0055.302.340.801.54
MexicoBMV 114075539666.2352.452.460.921.54
PakistanKSE 129896068.9967.421.700.201.49
NetherlandsAMSTERDAM 144097555167.7156.511.990.661.33
KuwaitKSE 3191979261.7646.703.091.781.30
SwitzerlandSIX 2497172692369.1253.481.910.691.21
BelgiumBRUSSELS 78051026265.3851.371.990.801.19
ChileBCS 1551096570.3259.631.410.281.14
MexicoBMV 1961288065.3162.501.430.361.07
UAEUAE 2601587560.7747.472.451.421.03
SwitzerlandSIX 1411006970.9269.001.180.190.99
NorwayOSE 1561236778.8554.471.160.240.92
CanadaTSX 120845070.0059.520.950.200.75
IndonesiaIDX 110865278.1860.470.920.190.73
UAEUAE 1561036366.0361.170.960.240.72
PhilippinesPSE 122814966.3960.490.910.200.72
Poland GPW 1671187170.6660.170.940.240.70
PortugalLISBON 116814769.8358.020.960.270.69
DenmarkCOPENHAGEN 1521086471.0559.260.840.190.65
JapanTOKYO 1781357875.8457.780.860.210.64
ChinaSSE 133924969.1753.260.820.170.64
Vietnam HOSE 127864867.7255.810.920.280.64
IsraelTASE 147965765.3159.380.880.240.64
ThailandSET 1721225770.9346.720.920.300.62
MalaysiaBURSA 134944970.1552.130.960.340.62
Greece ATHENS 107744369.1658.110.810.200.61
Austria WIENERBORSE 97683970.1057.350.820.220.60
SpainIBEX 113804870.8060.000.850.260.59
NetherlandsAMSTERDAM 104744271.1556.760.800.220.58
BelgiumBRUSSELS 104744271.1556.760.800.220.58
GermanyXETRA 103734170.8756.160.790.220.58
FrancePARIS 103734170.8756.160.790.220.58
ItalyBORSA 103734170.8756.160.790.220.58
FOREXFOREX 2181578172.0251.590.940.370.57
BangladeshDSE 101734572.2861.640.750.190.56
South KoreaKOSDAQ 98664167.3562.120.710.180.53
AustraliaASX 142965867.6160.420.670.190.48
USFOREX 1831317271.5854.960.690.240.46
UKLSE 1951307866.6760.000.690.250.45
SingaporeSGX 119884573.9551.140.610.190.42
SwedenSTOCKHOLM 1741347177.0152.990.660.310.35
IndiaNSE 126854367.4650.590.550.270.28
JapanFUKUOKA 40241160.0045.832.212.000.21
TaiwanGTSM 113774268.1454.550.520.310.21
Hong KongHKEX 127884469.2950.000.500.400.10
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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