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 72563877.7867.8618.272.2915.98
CanadaCSE 39021310854.6250.7012.803.599.21
TurkeyBIST 1930121876063.1162.406.900.906.00
ArgentinaBUE 66544227166.4761.317.151.225.93
Vietnam HNX 43225014857.8759.206.841.345.50
USOTC PINK 102826298290861.4346.048.353.414.94
EgyptEGX 76450628166.2355.535.961.294.67
IndonesiaIDX 126074038158.7351.495.641.194.45
CanadaTSX-V 105562127658.8644.447.663.494.17
IndiaNSE 119927361409861.4255.635.181.203.98
South KoreaKOSDAQ 104816809400865.0058.835.041.123.92
IndiaBSE 160019690518760.5853.515.421.533.89
Austria WIENERBORSE 28619513468.1868.724.540.663.89
USNASDAQ 2406616061921666.7957.335.101.293.80
USAMEX 29161979114467.9757.724.761.093.67
JapanNAGOYA 154934260.3945.165.061.413.66
Vietnam HOSE 1794106060559.0957.084.580.993.60
BrazilBOVESPA 2093135978465.0357.604.551.003.55
NorwayOSE 123680546665.2157.824.661.153.52
JapanSAPPORO 52140.0050.004.501.003.50
Greece ATHENS 36423512864.5654.474.781.313.47
PakistanKSE 2019130670964.6954.294.791.383.42
Poland GPW 2392141375159.0753.154.721.343.38
TaiwanGTSM 33851987110358.7055.514.150.903.25
DenmarkCOPENHAGEN 77650027064.4354.004.200.953.25
IsraelTASE 1825127175069.6459.014.050.883.17
ArgentinaBUE 129967574.4278.133.220.103.11
Saudi ArabiaTADAWUL 122181846966.9957.333.870.793.08
PhilippinesPSE 96054728456.9851.924.381.303.08
SwedenSTOCKHOLM 43832724142462.1552.284.431.393.03
QatarQE 2801669659.2957.833.690.832.86
RussiaMICEX 152698454564.6155.273.770.912.86
The World 30851020360111539966.0256.663.921.072.85
Hong KongHKEX 89865349258959.5348.404.391.572.82
South KoreaKRX 91595968339665.1656.903.650.872.78
MalaysiaBURSA 2452133667154.4950.224.141.402.75
ThailandSET 2539145376157.2352.373.761.012.75
TaiwanTWSE 48282923162460.5455.563.470.762.72
ChileBCS 114684459.6564.713.250.542.71
USNYSE 26774187371122570.0059.893.430.812.63
USPREFERRED 1789124870169.7656.173.120.502.63
JapanTOKYO 2480216097902864.9056.083.681.082.60
FrancePARIS 44212918171266.0058.673.230.792.44
ChinaSZSE 2035314235796669.9455.963.501.062.43
SpainIBEX 104769238666.0955.783.400.992.41
CanadaTSX 77515194293967.0156.583.260.852.41
UKLSE 93506437364568.8956.593.260.892.37
SingaporeSGX 82641420150.1248.553.441.112.33
PortugalLISBON 2221417663.5153.903.301.012.28
RussiaMICEX 1781268470.7966.672.610.332.28
ChinaSSE 1423310010562570.3356.193.110.952.16
ItalyBORSA 53043615205468.1656.822.940.842.10
BangladeshDSE 168695647056.7049.163.241.232.01
JordanASE 145824656.5556.103.671.672.00
GermanyXETRA 78185364308668.6157.532.750.762.00
AustraliaASX 41872551136661.0953.403.271.351.92
TurkeyBIST 1861379473.6668.612.210.341.88
NetherlandsAMSTERDAM 132090754368.7159.872.380.551.83
BrazilBOVESPA 171986857.3169.392.050.221.83
MexicoBMV 113176639767.7351.832.700.961.74
KuwaitKSE 33221510564.7648.843.281.601.68
SwitzerlandSIX 2384165292869.5555.972.140.621.51
PakistanKSE 144946465.2868.091.670.191.48
BelgiumBRUSSELS 70143923762.6253.992.190.761.43
FOREXFOREX 2331718973.3952.051.530.361.17
ChileBCS 1611146870.8159.651.350.261.09
MexicoBMV 2121388265.0959.421.340.380.96
SwitzerlandSIX 1481067271.6267.921.110.200.92
NorwayOSE 1731347477.4655.221.110.240.87
UAEUAE 1661116866.8761.260.970.230.74
IndonesiaIDX 117905476.9260.000.910.180.73
Poland GPW 1881318169.6861.830.960.240.72
CanadaTSX 131905368.7058.890.910.200.71
PhilippinesPSE 139965469.0656.250.850.190.67
DenmarkCOPENHAGEN 1671207271.8660.000.860.200.66
Vietnam HOSE 134895066.4256.180.920.270.65
JapanTOKYO 1901438275.2657.340.870.220.65
MalaysiaBURSA 140995270.7152.530.960.320.64
ThailandSET 1891316169.3146.560.900.280.62
ChinaSSE 1481025468.9252.940.800.200.61
PortugalLISBON 125885170.4057.950.900.310.59
UAEUAE 2491456358.2343.451.941.350.59
IsraelTASE 1641076165.2457.010.830.260.57
Greece ATHENS 115804769.5758.750.760.230.54
Austria WIENERBORSE 105744370.4858.110.770.240.53
SpainIBEX 121865271.0760.470.800.280.52
NetherlandsAMSTERDAM 112804671.4357.500.750.240.51
BelgiumBRUSSELS 112804671.4357.500.750.240.51
GermanyXETRA 111794571.1756.960.750.240.51
FrancePARIS 111794571.1756.960.750.240.51
ItalyBORSA 111794571.1756.960.750.240.51
AustraliaASX 148996166.8961.620.680.180.49
BangladeshDSE 113814871.6859.260.690.220.47
USFOREX 1951387770.7755.800.700.230.46
South KoreaKOSDAQ 111774469.3757.140.620.170.45
UKLSE 2111398465.8860.430.680.230.45
SingaporeSGX 131975074.0551.550.610.200.41
JapanFUKUOKA 3220962.5045.002.301.900.40
IndiaNSE 135894665.9351.690.580.260.33
SwedenSTOCKHOLM 1971467574.1151.370.620.310.32
TaiwanGTSM 118804367.8053.750.540.310.23
Hong KongHKEX 136954869.8550.530.480.380.11
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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