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 1/1/2015
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
CanadaCSE 98542555.1046.3011.633.638.00
Greece ATHENS 1931248064.2564.526.881.195.69
ArgentinaBUE 26417211265.1565.126.070.815.26
USOTC PINK 51573108155860.3550.067.492.554.94
IndiaNSE 71044535294163.8464.855.580.834.75
IndiaBSE 99736205384362.2261.935.831.114.72
South KoreaKOSDAQ 61903973253264.2563.675.140.834.31
EgyptEGX 48830617562.7057.195.161.064.10
IndonesiaIDX 70744525162.9456.405.030.944.10
ChinaSZSE 106457741537872.7269.474.920.854.07
Hong KongHKEX 56793391189359.7155.825.181.233.95
PakistanKSE 126781249064.0960.344.941.033.92
USAMEX 145490452162.1757.635.171.273.90
BrazilBOVESPA 115972745962.7363.144.510.763.75
ChinaSSE 73465379365873.2867.954.470.793.68
USNASDAQ 151879989639165.8063.954.580.943.64
TaiwanGTSM 2473141685757.2660.524.420.833.59
JapanSAPPORO 52140.0050.004.501.003.50
NorwayOSE 64342326465.7962.414.491.043.45
ChileBCS 43272162.7977.783.740.303.44
Vietnam HOSE 95755633558.1060.254.240.813.44
TurkeyBIST 107569042064.2860.784.160.803.36
ArgentinaBUE 78605076.9283.333.270.083.18
SwedenSTOCKHOLM 2356147283562.6556.574.241.103.14
The World 1755071156677184865.9362.093.980.853.13
South KoreaKRX 54973565219964.8961.653.790.703.09
JapanTOKYO 143269496591566.2962.293.830.743.09
Saudi ArabiaTADAWUL 92758838163.4364.803.810.733.08
USWARRANTS 55372567.2767.574.351.412.95
PhilippinesPSE 54131819058.7859.753.921.052.88
TaiwanTWSE 34602037122558.8760.143.510.632.87
CanadaTSX-V 56630912854.5941.425.933.092.84
IsraelTASE 101070245669.5064.963.480.712.76
Vietnam HNX 3231878957.8947.594.351.792.56
ThailandSET 142781942157.3951.403.410.882.53
Poland GPW 151090653060.2058.313.561.042.52
RussiaMICEX 74547127863.3658.903.551.032.52
AustraliaASX 2360152388064.5357.783.460.962.50
RussiaMICEX 105704266.6760.002.910.462.46
CanadaTSX 50613307196365.3459.363.110.732.38
UKLSE 52953671227469.3361.943.140.762.38
BangladeshDSE 95652028454.3954.623.260.902.36
PortugalLISBON 135906166.6767.783.040.702.34
SpainIBEX 64542825366.3659.113.050.732.32
DenmarkCOPENHAGEN 47530116263.3753.823.040.732.31
MalaysiaBURSA 139777839655.6950.903.591.312.27
USNYSE 1775912043761067.8563.152.850.642.21
GermanyXETRA 38332706165770.6261.212.730.612.11
JordanASE 128743657.8148.653.801.692.11
FrancePARIS 24551653103367.3362.492.740.642.11
Austria WIENERBORSE 2341568766.6755.772.670.632.04
QatarQE 2001176358.5053.852.620.612.02
ItalyBORSA 33102323136270.3658.482.590.761.83
BelgiumBRUSSELS 46932818469.9456.102.420.661.77
NetherlandsAMSTERDAM 79353934967.9764.752.320.571.75
MexicoBMV 66543925366.4757.242.440.691.75
KuwaitKSE 1951145258.4645.613.251.671.58
TurkeyBIST 104795675.9670.891.630.161.47
SwitzerlandSIX 135195854770.9157.101.880.571.31
SingaporeSGX 63635417555.6649.442.401.131.27
UAEUAE 162994461.1144.442.721.451.26
MexicoBMV 139915965.4764.841.600.371.23
USPREFERRED 117380645868.7156.821.540.381.16
SwitzerlandSIX 100644764.0073.441.250.201.05
BrazilBOVESPA 83513161.4560.781.220.310.90
ChileBCS 95684071.5858.821.150.280.87
IsraelTASE 92584063.0468.970.980.170.81
BangladeshDSE 67463168.6667.390.980.170.80
MalaysiaBURSA 98693870.4155.071.120.320.80
PhilippinesPSE 71473366.2070.211.000.210.79
JapanFUKUOKA 2717862.9647.062.001.240.76
PakistanKSE 77523567.5367.311.000.250.75
IndonesiaIDX 71553677.4665.450.950.220.73
South KoreaKOSDAQ 62402664.5265.000.930.200.73
SpainIBEX 79543568.3564.810.940.220.72
CanadaTSX 76503165.7962.000.900.180.72
Greece ATHENS 75503066.6760.000.860.200.66
Austria WIENERBORSE 66442666.6759.090.890.230.66
PortugalLISBON 77523267.5361.540.900.270.63
NetherlandsAMSTERDAM 68462767.6558.700.850.240.61
ItalyBORSA 68462767.6558.700.850.240.61
GermanyXETRA 68462767.6558.700.850.240.61
FrancePARIS 68462767.6558.700.850.240.61
BelgiumBRUSSELS 68462767.6558.700.850.240.61
DenmarkCOPENHAGEN 109714365.1460.560.760.180.58
JapanNAGOYA 89592466.2940.681.490.930.56
Poland GPW 112774668.7559.740.820.260.56
SingaporeSGX 78543069.2355.560.720.170.56
NorwayOSE 86663376.7450.000.770.260.52
UAEUAE 106694165.0959.420.770.260.51
FOREXFOREX 1581046465.8261.540.780.280.50
Vietnam HOSE 88593567.0559.320.780.290.49
JapanTOKYO 106865181.1359.300.650.200.45
ChinaSSE 78532767.9550.940.620.190.43
UKLSE 131834563.3654.220.600.230.37
USFOREX 126895070.6356.180.630.270.36
AustraliaASX 104643761.5457.810.560.200.36
TaiwanGTSM 81573270.3756.140.600.260.33
SwedenSTOCKHOLM 109844177.0648.810.680.360.32
ThailandSET 121854170.2548.240.540.250.29
OmanMSM 74257.1450.002.001.750.25
Hong KongHKEX 93643268.8250.000.500.440.06
IndiaNSE 77502364.9446.000.360.320.04
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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