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 1/1/2016
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
ArgentinaBUE 29418710964.6357.376.461.035.43
CanadaCSE 171843949.7145.889.044.444.60
Greece ATHENS 1951226962.5656.565.701.314.39
EgyptEGX 40026114365.2554.795.411.184.23
IndonesiaIDX 59936919261.6052.035.141.074.08
TurkeyBIST 99862936363.0357.714.510.883.63
JapanSAPPORO 52140.0050.004.501.003.50
USAMEX 119076340364.1252.825.061.563.49
South KoreaKOSDAQ 61523986233264.7958.504.431.033.40
ArgentinaBUE 96736176.0483.563.410.073.34
USOTC PINK 50623051130060.6742.336.723.473.25
IndiaNSE 69294407242663.6255.044.351.123.23
IndiaBSE 96165919312161.5552.734.691.503.19
Vietnam HNX 2791699060.5753.254.551.403.15
ChileBCS 36231763.8973.913.430.393.04
JapanNAGOYA 83522362.6544.234.331.402.92
NorwayOSE 59639221665.7755.103.951.102.85
PakistanKSE 122278141263.9152.754.191.392.80
TaiwanGTSM 1980112863156.9755.943.670.902.77
Vietnam HOSE 100256730356.5953.443.821.052.77
USNASDAQ 134748982501966.7555.803.971.232.74
Saudi ArabiaTADAWUL 74850128766.9857.293.380.802.58
JapanTOKYO 133808951508566.9156.803.571.022.55
BrazilBOVESPA 102365335463.8354.213.541.022.52
DenmarkCOPENHAGEN 40125412563.3449.213.450.942.50
South KoreaKRX 54843630207666.1957.193.220.792.43
Hong KongHKEX 51523023146658.6848.493.821.402.42
RussiaMICEX 135936168.8965.592.750.382.38
SwedenSTOCKHOLM 2361145871661.7549.113.731.362.37
RussiaMICEX 81250727362.6853.633.421.062.36
QatarQE 157865554.7863.953.080.732.35
The World 1640121087906000166.3755.123.351.072.28
ThailandSET 136479341058.1451.703.130.872.27
IsraelTASE 98067338368.6756.913.050.872.18
ChinaSZSE 109878121456873.9156.253.181.022.15
KuwaitKSE 1831095359.5648.623.501.402.10
PhilippinesPSE 52431515960.1150.483.471.412.06
TaiwanTWSE 2764163386059.0852.662.810.772.03
Poland GPW 129176039759.1851.963.331.302.03
BangladeshDSE 96855827957.6450.003.181.152.03
FrancePARIS 2129141982366.7057.962.640.721.92
SpainIBEX 58039021167.2454.102.850.931.92
ChinaSSE 78185807325274.2856.002.840.931.91
TurkeyBIST 1411047273.7669.232.210.331.88
MalaysiaBURSA 120765832254.5248.943.121.241.88
AustraliaASX 2203139871363.4651.003.131.301.83
CanadaTSX-V 66038115157.7339.635.453.651.80
Austria WIENERBORSE 2091296861.7252.712.690.941.75
UKLSE 49453413187669.1654.852.670.941.74
CanadaTSX 43112833151265.7653.332.600.871.73
SingaporeSGX 47224212751.2752.482.751.021.73
USNYSE 1550510817613769.7956.712.500.831.67
MexicoBMV 63943222767.6152.552.470.831.63
PortugalLISBON 121753961.9852.002.550.931.61
JordanASE 98613362.2454.103.301.891.41
GermanyXETRA 35292463130969.8553.102.160.851.31
ItalyBORSA 28372008106870.8153.162.250.951.31
BelgiumBRUSSELS 36723911965.1249.792.130.831.31
NetherlandsAMSTERDAM 66544824767.3755.131.970.681.28
MexicoBMV 1601036964.3866.991.600.331.27
SwitzerlandSIX 126890349771.2155.041.880.631.25
BrazilBOVESPA 118674456.7865.671.430.281.15
ChileBCS 102734471.5760.271.360.261.10
SwitzerlandSIX 117795667.5270.891.160.180.99
USPREFERRED 108772837966.9752.061.340.420.92
PakistanKSE 90634270.0066.671.110.220.89
CanadaTSX 88593767.0562.711.030.150.88
PortugalLISBON 89613668.5459.021.030.250.79
IndonesiaIDX 84634175.0065.080.900.190.71
South KoreaKOSDAQ 74483164.8664.580.880.170.71
MalaysiaBURSA 111794371.1754.431.010.330.68
BangladeshDSE 76563673.6864.290.860.180.68
IsraelTASE 108694563.8965.220.880.220.67
UAEUAE 123815065.8561.730.910.260.65
Poland GPW 129895468.9960.670.900.260.64
Greece ATHENS 85563265.8857.140.800.180.63
Austria WIENERBORSE 75502866.6756.000.820.200.62
PhilippinesPSE 89603867.4263.330.850.230.62
SpainIBEX 90623768.8959.680.850.260.60
ChinaSSE 90643671.1156.250.750.170.58
ItalyBORSA 79532967.0954.720.770.210.57
NetherlandsAMSTERDAM 79532967.0954.720.770.210.57
BelgiumBRUSSELS 79532967.0954.720.770.210.57
FrancePARIS 79532967.0954.720.770.210.57
GermanyXETRA 79532967.0954.720.770.210.57
DenmarkCOPENHAGEN 121804766.1258.750.740.200.54
JapanTOKYO 1271025980.3157.840.670.200.47
NorwayOSE 100783978.0050.000.720.260.46
Vietnam HOSE 100663766.0056.060.740.290.45
SingaporeSGX 96683470.8350.000.630.190.44
USFOREX 141985669.5057.140.690.260.44
UKLSE 138874863.0455.170.640.220.43
AustraliaASX 115704260.8760.000.590.200.39
SwedenSTOCKHOLM 127975276.3853.610.680.310.37
FOREXFOREX 1751226369.7151.640.660.330.33
TaiwanGTSM 91643570.3354.690.550.300.25
ThailandSET 1461024769.8646.080.480.270.21
Hong KongHKEX 103723869.9052.780.540.400.14
UAEUAE 168964257.1443.751.651.540.10
IndiaNSE 90602866.6746.670.350.330.02
USWARRANTS 1814677.7842.862.642.86-0.21
OmanMSM 86275.0033.331.002.00-1.00
JapanFUKUOKA 2515560.0033.331.332.40-1.07
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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