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 1/1/2016
Stock Exchange 
Per Trade 
Total Net% Descending
ArgentinaBUE 45230118666.5961.798.221.306.92
CanadaCSE 2481286052.8245.808.214.373.83
TurkeyBIST 1774111463162.8056.644.640.933.71
IndiaNSE 132498335460562.9355.244.891.213.69
IndiaBSE 1735310652562361.3852.795.271.593.68
JapanSAPPORO 52140.0050.004.501.003.50
IndonesiaIDX 129878240560.2551.794.421.093.33
South KoreaKOSDAQ 112277226411364.4356.864.441.123.32
ArgentinaBUE 113866876.1179.073.400.093.30
Vietnam HNX 46926813657.1450.754.741.533.21
PakistanKSE 2152138473064.3152.754.631.463.17
USOTC PINK 99275903263060.1644.046.363.253.11
ChinaSZSE 2193816097954173.3759.
BrazilBOVESPA 2078132275063.6256.733.930.923.00
EgyptEGX 83253927264.7850.464.301.322.99
ChinaSSE 1529011150663572.9259.513.850.922.93
RussiaMICEX 128381242463.2952.
Hong KongHKEX 101676084304759.8550.074.251.452.80
TaiwanGTSM 40202333128258.0354.953.780.992.79
Saudi ArabiaTADAWUL 1580101960064.4958.883.570.832.74
ThailandSET 2634151078357.3351.853.550.902.65
USNASDAQ 2587317075935566.0554.753.881.242.63
SwedenSTOCKHOLM 42422672137762.9951.533.861.282.58
NorwayOSE 117174540363.6254.093.721.172.56
OmanMSM 2313556.5238.464.852.312.54
South KoreaKRX 104236801373265.2554.873.440.902.53
USAMEX 2978191097164.1450.843.871.352.52
Vietnam HOSE 158792650058.3554.003.511.092.43
The World 31290920598011430265.8655.463.501.072.42
PortugalLISBON 25717210166.9358.723.280.882.40
Greece ATHENS 39424911663.2046.594.101.772.33
JapanTOKYO 2491516509919466.2655.693.331.012.32
RussiaMICEX 1541066768.8363.212.600.382.23
IsraelTASE 1735119567368.8856.323.160.952.20
MalaysiaBURSA 2455131867253.6950.993.431.242.19
JapanNAGOYA 144883461.1138.643.681.492.19
DenmarkCOPENHAGEN 85953226961.9350.563.130.992.14
TaiwanTWSE 58283447182859.1553.032.900.782.12
ChileBCS 76452859.2162.222.510.492.02
QatarQE 32220411163.3554.412.900.882.02
Poland GPW 2317137570759.3451.423.271.321.95
KuwaitKSE 3632109857.8546.673.511.581.94
SpainIBEX 111074040466.6754.592.850.911.93
JordanASE 2101276360.4849.613.441.611.83
AustraliaASX 38782530135965.2753.692.951.131.82
FrancePARIS 45062968170465.8757.412.560.751.82
PhilippinesPSE 92055728160.5450.453.101.281.81
Austria WIENERBORSE 46630117964.5959.472.570.761.81
TurkeyBIST 1601218475.6369.422.130.361.78
BangladeshDSE 1830102548656.0147.413.001.241.76
CanadaTSX 92536024324065.1053.782.600.871.73
USNYSE 31260212661213068.0357.042.450.791.66
ItalyBORSA 54903758210068.4555.882.370.811.57
UKLSE 94416416349868.0354.462.470.931.54
GermanyXETRA 72404960281268.5156.692.270.751.52
PakistanKSE 115815570.4367.901.690.211.48
SwitzerlandSIX 2611178696968.4054.262.090.621.47
MexicoBMV 108672338466.5753.112.320.851.47
BelgiumBRUSSELS 80454428567.6652.392.180.771.41
NetherlandsAMSTERDAM 142694354266.1357.481.980.611.37
BrazilBOVESPA 131764958.0264.471.450.261.18
MexicoBMV 1741127364.3765.181.520.351.17
ChileBCS 114825171.9362.201.410.261.16
UAEUAE 3091868460.1945.162.621.561.06
SingaporeSGX 100754626754.2248.902.091.071.01
SwitzerlandSIX 123845968.2970.
USPREFERRED 1763120662168.4151.491.290.420.87
CanadaTSX 100704470.0062.861.010.160.86
IsraelTASE 125805264.0065.
CanadaTSX-V 93651920255.4538.924.553.780.77
PortugalLISBON 97673869.0756.721.000.280.72
South KoreaKOSDAQ 79523365.8263.460.850.170.67
UAEUAE 136925667.6560.870.910.260.65
MalaysiaBURSA 118854772.0355.290.980.330.65
PhilippinesPSE 104714268.2759.150.850.210.63
Greece ATHENS 91613467.0355.740.800.200.61
Poland GPW 1461036470.5562.140.850.250.60
Austria WIENERBORSE 81553067.9054.550.820.220.60
SpainIBEX 96673969.7958.210.850.270.58
FOREXFOREX 1981437272.2250.350.970.390.57
IndonesiaIDX 100774677.0059.740.780.210.57
BangladeshDSE 86654075.5861.540.770.200.57
NetherlandsAMSTERDAM 87603268.9753.330.780.220.57
ItalyBORSA 87603268.9753.330.780.220.57
GermanyXETRA 87603268.9753.330.780.220.57
FrancePARIS 87603268.9753.330.780.220.57
BelgiumBRUSSELS 87603268.9753.330.780.220.57
NorwayOSE 1311025477.8652.940.790.240.56
DenmarkCOPENHAGEN 133925369.1757.610.750.200.55
ChinaSSE 112804571.4356.250.650.180.48
UKLSE 1611056265.2259.050.650.210.44
SingaporeSGX 106784173.5852.560.620.180.44
JapanFUKUOKA 38231160.5347.832.482.040.43
Vietnam HOSE 106713866.9853.520.700.280.42
AustraliaASX 128855066.4158.820.600.200.40
JapanTOKYO 1461156378.7754.780.610.220.39
USFOREX 1571146372.6155.260.640.250.39
SwedenSTOCKHOLM 1381075777.5453.270.660.300.36
TaiwanGTSM 102713969.6154.930.520.300.23
ThailandSET 1541074969.4845.790.500.280.22
Hong KongHKEX 109773970.6450.650.490.390.10
IndiaNSE 110763669.0947.370.340.300.04
USWARRANTS 1611668.7554.553.183.91-0.73
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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