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 1/1/2021
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
TurkeyBIST 27931767114963.2765.038.630.967.67
JapanNAGOYA 153875256.8659.777.571.116.47
Vietnam HNX 70441124258.3858.887.951.596.36
EgyptEGX 97261237463.0761.016.411.155.27
ArgentinaBUE 35625714272.1955.256.701.764.93
CanadaCSE 61332814853.5145.128.103.684.42
IndiaBSE 2352914569788761.9454.125.751.444.31
IndiaNSE 142888949512262.6557.225.491.184.31
IndonesiaIDX 2066121862258.9551.075.121.333.79
South KoreaKOSDAQ 133708762510765.5358.294.881.153.72
USOTC PINK 115477000328162.9945.116.612.943.67
USNASDAQ 33330219921210765.9855.055.221.583.63
Vietnam HOSE 2632168999664.1758.974.671.053.62
Poland GPW 2984175388558.8550.405.031.513.53
JapanSAPPORO 52140.0050.004.501.003.50
PakistanKSE 2005131669465.6452.744.811.483.34
PhilippinesPSE 101253328152.6752.724.501.213.29
CanadaTSX-V 138579134657.1143.746.633.353.28
TaiwanGTSM 44562671145760.3054.224.110.943.17
ChinaSZSE 33098221111256966.8056.854.201.043.16
MalaysiaBURSA 2711151575955.8850.104.501.423.08
IsraelTASE 26491803107168.0659.403.960.953.01
Greece ATHENS 57337921466.1456.464.061.053.01
NorwayOSE 2267138771961.1851.844.361.412.95
Hong KongHKEX 100736005288159.6147.984.621.702.92
SwedenSTOCKHOLM 63303883202861.3452.234.461.552.91
ChinaSSE 26908178831006066.4656.253.740.952.79
The World 41948027132715098465.3955.043.861.112.76
Saudi ArabiaTADAWUL 1981125474263.3059.173.480.742.74
BrazilBOVESPA 42472779153965.4355.383.771.072.70
BangladeshDSE 167798349258.6250.054.071.382.69
DenmarkCOPENHAGEN 115371537762.0152.733.801.122.68
South KoreaKRX 107487080406065.8757.343.600.922.68
ArgentinaBUE 1731329576.3071.972.800.142.66
PortugalLISBON 2651738965.2851.453.550.912.64
Austria WIENERBORSE 95964438267.1559.323.550.932.61
UAEUAE 3632129958.4046.703.641.042.60
USAMEX 43552948164067.6955.633.721.162.56
SpainIBEX 124381045665.1656.303.520.992.53
QatarQE 34822812665.5255.263.150.682.47
ChileBCS 2521549261.1159.743.120.682.44
USNYSE 35691248071443569.5058.193.320.892.42
TaiwanTWSE 65063955218660.7955.273.230.822.41
CanadaTSX 96896419360266.2556.113.270.922.35
ThailandSET 38482210107157.4348.463.381.092.29
UKLSE 137759278510567.3655.023.331.062.27
JapanTOKYO 30137195741060964.9554.203.141.092.05
FrancePARIS 61293900207863.6353.283.031.012.03
TurkeyBIST 25018612674.4067.742.380.352.03
PakistanKSE 2071369165.7066.912.240.242.01
BelgiumBRUSSELS 82050727561.8354.242.830.881.95
RussiaMICEX 28020712373.9359.422.510.601.90
MexicoBMV 1454100149368.8449.253.231.331.90
SingaporeSGX 80943420753.6547.702.921.091.83
ItalyBORSA 79135333287067.4753.762.700.881.82
AustraliaASX 54133275167560.5051.153.201.451.75
KuwaitKSE 54333716362.0648.372.901.291.62
GermanyXETRA 137539304506767.6554.462.400.841.56
BrazilBOVESPA 25015810363.2065.191.780.301.48
SwitzerlandSIX 34772333126267.1054.092.250.831.42
JordanASE 1801025056.6749.023.281.881.40
NetherlandsAMSTERDAM 2179146181367.0555.652.090.771.32
FOREXFOREX 35126814176.3552.611.650.431.23
ChileBCS 27020412075.5658.821.390.301.08
MexicoBMV 30820911867.8656.461.260.350.91
NorwayOSE 28521511975.4455.351.150.250.90
SwitzerlandSIX 21616110174.5462.731.030.240.80
JapanTOKYO 25819311174.8157.510.950.210.75
ChinaSSE 2281598769.7454.720.940.220.72
CanadaTSX 1901368171.5859.560.880.180.70
UAEUAE 2471669567.2157.230.910.230.68
Vietnam HOSE 2201578571.3654.140.980.310.68
AustraliaASX 2201488967.2760.140.830.180.66
IsraelTASE 25517110467.0660.820.890.240.65
Poland GPW 30220711768.5456.520.920.280.64
MalaysiaBURSA 2161567872.2250.000.960.330.63
UKLSE 30320712368.3259.420.850.230.62
DenmarkCOPENHAGEN 25317910470.7558.100.800.190.61
BangladeshDSE 1811246868.5154.840.850.260.60
IndonesiaIDX 1941558479.9054.190.820.250.57
PortugalLISBON 1691186869.8257.630.820.270.55
IndiaNSE 2111477669.6751.700.790.240.54
ThailandSET 2872019370.0346.270.820.270.54
PhilippinesPSE 2211588871.4955.700.730.190.54
South KoreaKOSDAQ 2031538475.3754.900.720.200.52
Austria WIENERBORSE 1491056170.4758.100.740.240.50
SpainIBEX 1691227372.1959.840.750.260.48
SwedenSTOCKHOLM 29921411771.5754.670.760.280.48
TaiwanGTSM 1791216867.6056.200.740.260.48
ItalyBORSA 1641166570.7356.030.720.240.47
GermanyXETRA 1631166571.1756.030.720.240.47
FrancePARIS 1641166570.7356.030.720.240.47
Greece ATHENS 1641146569.5157.020.710.240.47
NetherlandsAMSTERDAM 1651166670.3056.900.700.230.47
BelgiumBRUSSELS 1651166670.3056.900.700.230.47
USFOREX 28620310370.9850.740.670.280.39
SingaporeSGX 2061537874.2750.980.580.200.38
Hong KongHKEX 2081487071.1547.300.490.330.16
RussiaMICEX 15920062.880.000.000.000.00
USPREFERRED 21123068.040.000.000.000.00
USWARRANTS 3491065.620.000.000.01-0.01
JapanFUKUOKA 3719851.3542.111.451.80-0.35
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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