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 1/1/2019
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
JapanSAPPORO 52140.0050.004.501.003.50
ArgentinaBUE 1521148375.0072.812.870.162.71
TurkeyBIST 22416611474.1168.672.410.352.06
PakistanKSE 1711167767.8466.382.010.221.78
RussiaMICEX 23216410270.6962.202.330.561.77
BrazilBOVESPA 2091268560.2967.461.980.291.70
FOREXFOREX 27620210373.1950.991.350.291.06
ChileBCS 1961448673.4759.721.300.261.04
MexicoBMV 2381548964.7157.791.290.360.93
SwitzerlandSIX 1711258173.1064.801.090.210.88
NorwayOSE 2211689276.0254.761.020.250.77
Poland GPW 2241599770.9861.010.980.260.72
JapanTOKYO 2191679676.2657.490.920.200.71
CanadaTSX 1561076368.5958.880.900.190.71
UAEUAE 2051357865.8557.780.940.250.69
ChinaSSE 1781266970.7954.760.870.210.67
ThailandSET 2291557267.6946.450.940.280.66
UKLSE 2431619966.2661.490.870.220.65
DenmarkCOPENHAGEN 2021448171.2956.250.830.190.64
IsraelTASE 2071368065.7058.820.870.240.63
PhilippinesPSE 1631156470.5555.650.820.200.62
MalaysiaBURSA 1721206269.7751.670.930.330.61
IndonesiaIDX 1431096176.2255.960.840.240.61
BangladeshDSE 1431005869.9358.000.810.220.59
PortugalLISBON 1441015670.1455.450.840.290.55
Vietnam HOSE 1671125967.0752.680.860.340.52
Greece ATHENS 132935270.4555.910.720.220.51
South KoreaKOSDAQ 142995769.7257.580.680.170.51
AustraliaASX 1711147066.6761.400.680.180.50
SpainIBEX 138995771.7457.580.760.260.49
Austria WIENERBORSE 122874871.3155.170.720.230.49
NetherlandsAMSTERDAM 130935171.5454.840.710.230.48
BelgiumBRUSSELS 130935171.5454.840.710.230.48
ItalyBORSA 128925071.8854.350.710.230.48
FrancePARIS 128925071.8854.350.710.230.48
GermanyXETRA 128925071.8854.350.710.230.48
SwedenSTOCKHOLM 2411769173.0351.700.730.300.44
IndiaNSE 1721166067.4451.720.650.260.39
SingaporeSGX 1681256774.4053.600.570.180.38
USFOREX 2381728672.2750.000.640.270.37
TaiwanGTSM 145985367.5954.080.570.290.29
PortugalLISBON 2607363.851.810.130.010.12
Hong KongHKEX 1681165669.0548.280.490.390.10
DenmarkCOPENHAGEN 10778662.770.890.080.010.07
JapanFUKUOKA 382260.538.700.060.000.06
The World 3887557425433365.091.710.060.010.05
ThailandSET 33003257.090.110.020.000.02
BangladeshDSE 18553257.740.190.020.000.02
KuwaitKSE 4294363.401.100.020.000.02
TaiwanTWSE 61673258.670.060.020.000.02
SwedenSTOCKHOLM 57426460.450.120.010.000.01
IndiaBSE 203703360.540.020.000.000.00
USAMEX 40194268.520.070.010.000.00
FrancePARIS 58253262.850.050.000.000.00
ItalyBORSA 70037466.260.090.000.000.00
IsraelTASE 23786168.630.060.010.010.00
IndiaNSE 140284361.030.040.000.000.00
Vietnam HOSE 25296361.450.190.010.010.00
USNYSE 3283012669.510.030.000.000.00
NetherlandsAMSTERDAM 19663265.870.150.000.000.00
TaiwanGTSM 42633157.920.040.000.000.00
USNASDAQ 308199466.250.020.000.000.00
GermanyXETRA 115381166.340.010.000.000.00
UKLSE 120332266.910.020.000.000.00
ChinaSSE 206119468.090.030.000.000.00
JapanTOKYO 296129564.750.030.000.000.00
PakistanKSE 22260064.200.000.000.000.00
RussiaMICEX 17024260.400.190.000.000.00
TurkeyBIST 23790064.400.000.000.000.00
SingaporeSGX 8750051.090.000.000.000.00
Vietnam HNX 6960056.750.000.000.000.00
USOTC PINK 125180060.930.000.000.000.00
CanadaCSE 6800052.060.000.000.000.00
CanadaTSX-V 14560057.210.000.000.000.00
BelgiumBRUSSELS 8610062.250.000.000.000.00
BrazilBOVESPA 34940064.200.000.000.000.00
Austria WIENERBORSE 5060069.570.000.000.000.00
ArgentinaBUE 11000069.450.000.000.000.00
Greece ATHENS 5160061.430.000.000.000.00
SpainIBEX 12370065.400.000.000.000.00
ChileBCS 1720059.880.000.000.000.00
SwitzerlandSIX 32110066.650.000.000.000.00
ChinaSZSE 285450067.360.000.000.000.00
Saudi ArabiaTADAWUL 15760064.090.000.000.000.00
QatarQE 3300063.640.000.000.000.00
MalaysiaBURSA 29110053.970.000.000.000.00
MexicoBMV 14550067.840.000.000.000.00
JordanASE 1850050.270.000.000.000.00
South KoreaKOSDAQ 126560065.140.000.000.000.00
IndonesiaIDX 16850058.750.000.000.000.00
PhilippinesPSE 10963153.920.170.010.010.00
AustraliaASX 51553159.770.030.000.000.00
CanadaTSX 95444166.290.020.000.000.00
South KoreaKRX 107081064.980.000.000.000.00
Hong KongHKEX 102611058.960.000.000.000.00
Poland GPW 29422057.820.000.000.000.00
NorwayOSE 17502161.660.090.000.000.00
USPREFERRED 21073068.440.000.000.000.00
UAEUAE 2781058.630.000.000.000.00
USWARRANTS 3401066.470.000.000.01-0.01
JapanNAGOYA 1611057.140.000.000.01-0.01
EgyptEGX 9502064.630.000.000.02-0.02
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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