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
ArgentinaBUE 48031619465.8361.397.781.316.48
USWARRANTS 24181075.0055.568.893.395.50
TurkeyBIST 1799111365261.8758.585.910.974.94
CanadaCSE 2821517253.5547.688.894.504.40
Vietnam HNX 42624112656.5752.285.431.493.93
EgyptEGX 76047625562.6353.575.181.283.90
IndonesiaIDX 122472837159.4850.965.001.173.83
IndiaNSE 123057556416861.4155.165.021.243.78
BrazilBOVESPA 1874119866563.9355.514.721.083.64
JapanSAPPORO 52140.0050.004.501.003.50
South KoreaKOSDAQ 103946676380564.2556.984.731.243.49
IndiaBSE 157399477499060.2152.655.081.603.48
USOTC PINK 92495517245060.4643.816.783.433.35
USNASDAQ 2403915950903866.3556.664.501.273.24
PakistanKSE 1978126366963.8552.974.661.453.21
ArgentinaBUE 124927174.1977.173.250.113.14
TaiwanGTSM 37682179119857.8354.984.050.993.05
Greece ATHENS 32621511065.9551.164.581.602.98
Hong KongHKEX 91955503271659.8549.354.571.592.98
IsraelTASE 1628111164368.2457.883.890.932.96
Vietnam HOSE 162994651658.0754.553.961.032.93
NorwayOSE 111171439064.2754.624.141.282.86
ChileBCS 76473161.8465.963.260.432.83
USAMEX 2702177894665.8053.214.061.292.77
ChinaSZSE 1919313792782471.8656.733.921.202.73
SwedenSTOCKHOLM 41272550128261.7950.274.141.422.72
The World 28875618859710476365.3455.523.751.142.62
JapanTOKYO 2523816226916364.2956.473.601.052.54
TaiwanTWSE 54333208175959.0554.833.310.802.51
ChinaSSE 133499569540771.6856.513.621.112.51
PhilippinesPSE 89750927656.7454.223.721.232.50
South KoreaKRX 95886176338664.4154.833.460.962.49
RussiaMICEX 125080441164.3251.123.691.202.49
Saudi ArabiaTADAWUL 136186348863.4156.553.330.872.47
RussiaMICEX 1641157670.1266.092.770.352.42
Poland GPW 2204133070260.3452.783.661.262.40
MalaysiaBURSA 2358126363353.5650.123.791.442.35
USNYSE 27463189691106669.0758.343.150.832.32
DenmarkCOPENHAGEN 77848724962.6051.133.251.012.24
USPREFERRED 1771119967967.7056.632.730.492.24
ThailandSET 2416134866155.7949.043.281.052.23
SpainIBEX 101867136965.9154.993.210.992.22
CanadaTSX 80395305292465.9955.123.000.902.11
AustraliaASX 39692430131361.2254.033.341.242.10
UKLSE 87565955330568.1055.432.910.951.97
Austria WIENERBORSE 45629516964.6957.292.760.811.95
PortugalLISBON 2191447765.7553.472.991.081.91
TurkeyBIST 1651238674.5569.922.240.351.89
FrancePARIS 41892734154165.2756.362.730.841.89
JapanNAGOYA 151933661.5938.713.111.321.78
ItalyBORSA 51653483191867.4355.072.600.871.72
GermanyXETRA 67944613257767.9055.862.460.801.67
BrazilBOVESPA 150865857.3367.441.900.231.66
MexicoBMV 102568635966.9352.332.490.901.59
QatarQE 31219010260.9053.682.440.861.58
JordanASE 166985059.0451.023.281.701.57
PakistanKSE 123875970.7367.821.740.211.53
KuwaitKSE 3241959260.1947.183.031.551.48
NetherlandsAMSTERDAM 128885548466.3856.612.090.671.43
BangladeshDSE 164793744056.8946.962.731.321.40
SwitzerlandSIX 2288158586769.2754.701.930.661.28
SingaporeSGX 97250624052.0647.432.331.091.24
BelgiumBRUSSELS 72247524365.7951.162.060.831.24
ChileBCS 1451036271.0360.191.450.281.17
MexicoBMV 1901247965.2663.711.460.351.10
SwitzerlandSIX 135956770.3770.531.220.201.02
UAEUAE 2461537262.2047.062.451.460.99
CanadaTSX-V 85148118656.5238.674.783.850.93
CanadaTSX 112774768.7561.041.000.180.82
PhilippinesPSE 115784867.8361.540.940.190.74
NorwayOSE 1451156079.3152.170.990.260.73
IsraelTASE 134855363.4362.350.950.220.73
ChinaSSE 124864869.3555.810.870.160.71
JapanTOKYO 1701307676.4758.460.900.190.71
PortugalLISBON 103724169.9056.940.970.280.69
Vietnam HOSE 124834766.9456.630.960.280.69
Poland GPW 1601146971.2560.530.930.250.68
IndonesiaIDX 106824977.3659.760.880.200.68
UAEUAE 151996165.5661.620.920.240.68
DenmarkCOPENHAGEN 141985769.5058.160.870.190.67
South KoreaKOSDAQ 85563465.8860.710.800.200.61
MalaysiaBURSA 129904769.7752.220.930.330.60
BangladeshDSE 95694372.6362.320.780.190.59
Greece ATHENS 97663768.0456.060.790.200.59
FOREXFOREX 2111528072.0452.630.950.370.59
Austria WIENERBORSE 87603368.9755.000.800.220.58
SpainIBEX 102724270.5958.330.830.260.57
ItalyBORSA 93653569.8953.850.770.220.55
NetherlandsAMSTERDAM 93653569.8953.850.770.220.55
BelgiumBRUSSELS 93653569.8953.850.770.220.55
GermanyXETRA 93653569.8953.850.770.220.55
FrancePARIS 93653569.8953.850.770.220.55
AustraliaASX 139935666.9160.220.690.190.49
UKLSE 1851217365.4160.330.720.240.48
SingaporeSGX 113824372.5752.440.630.180.45
USFOREX 1771267171.1956.350.670.230.44
SwedenSTOCKHOLM 1541196377.2752.940.660.310.34
IndiaNSE 122824267.2151.220.570.280.29
TaiwanGTSM 109754168.8154.670.520.280.24
ThailandSET 1601095168.1346.790.510.280.24
Hong KongHKEX 123844368.2951.190.510.370.14
JapanFUKUOKA 37221159.4650.001.862.00-0.14
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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