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.
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.
Pattern Performance in Stock Exchanges since 1/1/2020
Stock Exchange 
Per Trade 
Total Net% Descending
TurkeyBIST 26331671109663.4665.598.420.927.51
Vietnam HNX 71340624356.9459.858.231.546.69
JapanNAGOYA 155884756.7753.417.021.335.69
ArgentinaBUE 131893254570.7158.486.101.284.82
EgyptEGX 97462536164.1757.765.911.224.68
CanadaCSE 66136416355.0744.788.003.824.17
IndiaBSE 2182613397715061.3953.365.631.474.16
IndiaNSE 136848500475962.1555.965.321.234.09
USOTC PINK 102836284294362.6345.707.103.034.07
IndonesiaIDX 1934114259359.0551.935.241.323.92
Vietnam HOSE 2580161494362.5658.434.911.143.77
Poland GPW 2866167886158.5551.315.231.513.72
South KoreaKOSDAQ 130148476492465.1958.044.821.173.65
USNASDAQ 32444213931175565.9454.955.131.563.57
JapanSAPPORO 52140.0050.004.501.003.50
CanadaTSX-V 138677834656.1344.476.743.443.31
TaiwanGTSM 42832536138559.5454.314.260.953.31
NorwayOSE 2078125366560.6452.784.521.383.14
RussiaMICEX 157899557263.0557.493.850.823.04
PakistanKSE 1978128065164.7150.864.521.523.00
Hong KongHKEX 99955889279658.9847.434.631.702.93
MalaysiaBURSA 2710149174055.0249.634.341.462.89
Greece ATHENS 54635019664.1056.003.991.122.87
IsraelTASE 25341734101668.4358.593.840.992.85
ChinaSZSE 29840201811143467.6356.663.861.022.84
ArgentinaBUE 1641249175.6173.392.940.152.80
BangladeshDSE 167797749358.2650.464.021.282.74
UAEUAE 3261909158.2847.893.841.102.74
BrazilBOVESPA 38882536140565.2555.383.861.132.73
Saudi ArabiaTADAWUL 1847116669463.1359.523.410.702.71
The World 39842025807814303965.2555.033.821.122.71
QatarQE 32421512066.3655.813.390.732.66
South KoreaKRX 107947017399365.0156.903.580.942.64
SwedenSTOCKHOLM 60003663186961.0551.024.211.572.64
PhilippinesPSE 99052826853.3350.763.841.202.63
PortugalLISBON 2661708563.9150.003.480.862.62
ChileBCS 2121196856.1357.143.250.642.62
Austria WIENERBORSE 94063937567.9858.693.460.922.54
ChinaSSE 2348915777878667.1755.693.450.952.50
DenmarkCOPENHAGEN 112570036762.2252.433.621.172.44
USNYSE 34818241221400469.2858.053.340.902.44
TaiwanTWSE 61443671202459.7555.133.270.832.44
USAMEX 42902918160568.0255.003.641.212.43
ThailandSET 35632038100457.2049.263.491.082.40
SpainIBEX 120578243664.9055.753.330.932.40
CanadaTSX 94266212343465.9055.283.200.952.25
UKLSE 131788800482466.7854.823.261.052.22
JordanASE 1801025256.6750.984.091.982.11
JapanTOKYO 2831218428991265.0953.793.191.112.08
PakistanKSE 1991338966.8366.922.270.232.04
TurkeyBIST 24418112374.1867.962.380.352.03
FrancePARIS 60673830205163.1353.552.990.952.03
RussiaMICEX 26219111772.9061.262.560.581.98
BelgiumBRUSSELS 82251927963.1453.762.820.891.93
MexicoBMV 143697648167.9749.283.161.321.84
AustraliaASX 53493193163959.6951.333.261.471.79
ItalyBORSA 76205084271866.8453.372.650.891.76
KuwaitKSE 49531815364.2448.112.911.261.65
BrazilBOVESPA 2361479862.2966.671.890.291.60
SingaporeSGX 82243520052.9245.982.731.181.55
GermanyXETRA 129568692475667.1054.712.370.841.54
SwitzerlandSIX 33242206118466.3753.672.260.841.42
NetherlandsAMSTERDAM 2108140979166.8456.142.030.731.31
ChileBCS 24218411176.0360.331.450.301.15
FOREXFOREX 31323412574.7653.421.390.261.12
MexicoBMV 27518610567.6456.451.250.380.88
NorwayOSE 25019110876.4056.541.100.230.87
SwitzerlandSIX 2031529574.8862.501.040.230.81
ChinaSSE 2141518570.5656.290.970.210.77
JapanTOKYO 24318410675.7257.610.960.220.74
Poland GPW 26317910768.0659.780.990.260.73
CanadaTSX 1791277670.9559.840.900.180.72
UAEUAE 2301559067.3958.060.950.240.71
Vietnam HOSE 2071477871.0153.061.010.310.69
IsraelTASE 2351579666.8161.150.910.230.68
UKLSE 28218711466.3160.960.890.240.66
MalaysiaBURSA 1981437372.2251.050.990.340.66
DenmarkCOPENHAGEN 2411719970.9557.890.810.190.62
AustraliaASX 2011358167.1660.000.780.170.61
IndonesiaIDX 1771387577.9754.350.840.260.58
IndiaNSE 2001407470.0052.860.810.260.56
PortugalLISBON 1651156569.7056.520.830.280.55
BangladeshDSE 1721166567.4456.030.820.280.54
ThailandSET 2761939069.9346.630.820.280.54
South KoreaKOSDAQ 1791307072.6353.850.700.200.50
PhilippinesPSE 1991427371.3651.410.710.210.50
Austria WIENERBORSE 1441015770.1456.440.720.240.49
SwedenSTOCKHOLM 27420110773.3653.230.770.290.48
SpainIBEX 1611156771.4358.260.740.260.48
NetherlandsAMSTERDAM 1561106170.5155.450.710.240.47
BelgiumBRUSSELS 1561106170.5155.450.710.240.47
GermanyXETRA 1531086070.5955.560.710.240.47
FrancePARIS 1541086070.1355.560.710.240.47
ItalyBORSA 1541086070.1355.560.710.240.47
Greece ATHENS 1561096169.8755.960.700.230.47
USFOREX 27219510071.6951.280.690.260.43
SingaporeSGX 1941427373.2051.410.600.190.41
TaiwanGTSM 1651126267.8855.360.650.270.38
Hong KongHKEX 1971386670.0547.830.490.350.14
JapanFUKUOKA 3318954.5550.002.071.930.13
USWARRANTS 3491065.620.000.000.01-0.01
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


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