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 36323314365.2960.346.871.215.66
IndonesiaIDX 76145422459.6649.345.111.104.00
TurkeyBIST 120174142861.7057.764.780.873.91
EgyptEGX 50031917663.8055.175.021.173.85
CanadaCSE 2411225751.4545.978.104.403.69
Greece ATHENS 2431477960.4953.744.851.243.61
JapanSAPPORO 52140.0050.004.501.003.50
ArgentinaBUE 112856875.8980.003.440.093.34
Vietnam HNX 2951708657.6350.594.691.453.24
South KoreaKOSDAQ 74734834276664.7857.144.341.123.22
IndiaNSE 88515542301962.6354.474.371.173.20
IndiaBSE 117077134374260.9452.454.681.533.15
USOTC PINK 65903942170160.2442.856.593.563.03
PakistanKSE 144992548863.8452.764.431.492.94
NorwayOSE 74448426465.0554.553.791.082.71
Vietnam HOSE 120569636957.7653.023.640.992.65
USNASDAQ 1665611001601266.3754.393.881.252.63
DenmarkCOPENHAGEN 51532116362.3350.783.550.962.60
ChileBCS 44271961.3670.372.960.372.59
BrazilBOVESPA 125381045364.8055.793.460.952.50
TaiwanGTSM 2421139574957.6253.693.370.922.44
USAMEX 1867122863465.7751.633.711.322.39
SwedenSTOCKHOLM 2980184392561.8550.193.671.312.36
JapanNAGOYA 106642560.3839.063.831.472.36
Saudi ArabiaTADAWUL 88859133066.8955.563.150.812.34
JapanTOKYO 1632910872600666.5955.243.371.042.33
Hong KongHKEX 63633784180759.5647.683.811.482.32
ChinaSZSE 134919834554572.8956.393.311.032.28
ThailandSET 163893147856.8451.343.130.882.25
RussiaMICEX 1541066768.8363.212.610.382.24
RussiaMICEX 99060631561.3151.893.311.082.24
South KoreaKRX 67584462246666.0855.223.100.882.22
The World 2015621327457251965.9354.573.301.092.21
IsraelTASE 119081146368.1557.093.030.872.16
PhilippinesPSE 63938219159.7850.003.381.342.04
QatarQE 1891076356.6158.882.790.762.04
TaiwanTWSE 33542011105759.9652.562.780.752.02
ChinaSSE 94606948389973.4556.122.960.942.02
AustraliaASX 2597168088664.7352.713.151.211.94
JordanASE 118734361.8658.903.591.671.92
Poland GPW 146786444759.1751.503.181.291.88
SpainIBEX 72448826367.4053.892.840.961.88
MalaysiaBURSA 150780337853.2847.073.081.251.83
TurkeyBIST 1591208475.4770.002.150.341.81
BangladeshDSE 121669933657.4848.072.941.181.76
FrancePARIS 28171830104165.0356.822.440.751.68
CanadaTSX 53563525189465.8153.732.550.881.67
Austria WIENERBORSE 30018610562.0056.452.480.851.63
USNYSE 1903713120737868.9856.182.470.841.62
PortugalLISBON 151945062.2553.192.570.971.61
CanadaTSX-V 73342617658.5341.035.243.661.58
MexicoBMV 74950826867.8252.762.390.821.57
PakistanKSE 113795569.9169.621.730.181.56
UKLSE 61254177226368.2954.102.470.941.53
KuwaitKSE 2451486460.4143.243.121.671.45
SingaporeSGX 55529114552.4349.832.451.031.42
GermanyXETRA 47283180174567.4154.752.170.811.36
ItalyBORSA 33832325124868.7953.632.170.861.31
BelgiumBRUSSELS 47930716064.0952.122.070.791.28
MexicoBMV 1731117364.1665.771.530.351.18
BrazilBOVESPA 126744858.7364.861.420.261.16
SwitzerlandSIX 1602111561169.6054.801.720.611.11
NetherlandsAMSTERDAM 86557030865.9054.041.760.651.11
ChileBCS 114825071.9360.981.330.261.07
SwitzerlandSIX 123845968.2970.241.140.180.96
USPREFERRED 123385144869.0252.641.280.410.87
CanadaTSX 99694369.7062.321.030.160.87
IsraelTASE 125805264.0065.001.010.230.79
PortugalLISBON 96663868.7557.581.020.290.73
MalaysiaBURSA 117834670.9455.420.990.310.67
South KoreaKOSDAQ 79523365.8263.460.850.170.67
UAEUAE 135915567.4160.440.920.260.66
PhilippinesPSE 102704268.6360.000.860.210.64
Greece ATHENS 90603466.6756.670.820.200.62
Austria WIENERBORSE 80543067.5055.560.830.220.61
SpainIBEX 95663969.4759.090.860.270.59
Poland GPW 1451026270.3460.780.840.250.59
FOREXFOREX 1971427272.0850.700.970.390.58
NorwayOSE 1291005377.5253.000.820.240.58
IndonesiaIDX 99764676.7760.530.790.210.58
GermanyXETRA 86593268.6054.240.800.220.58
FrancePARIS 86593268.6054.240.800.220.58
BelgiumBRUSSELS 86593268.6054.240.800.220.58
NetherlandsAMSTERDAM 86593268.6054.240.800.220.58
ItalyBORSA 86593268.6054.240.800.220.58
BangladeshDSE 86654075.5861.540.770.200.57
DenmarkCOPENHAGEN 133925369.1757.610.750.200.55
ChinaSSE 109774370.6455.840.680.180.49
UKLSE 1581046265.8259.620.650.200.45
SingaporeSGX 106784173.5852.560.620.180.44
Vietnam HOSE 106713866.9853.520.700.280.42
AustraliaASX 125824965.6059.760.610.200.41
UAEUAE 1881104958.5144.551.751.350.40
JapanTOKYO 1451156379.3154.780.610.220.39
USFOREX 1561136372.4455.750.650.260.39
SwedenSTOCKHOLM 1381075777.5453.270.660.300.36
ThailandSET 1521054869.0845.710.510.270.25
TaiwanGTSM 101703969.3155.710.530.290.24
JapanFUKUOKA 2918862.0744.442.172.000.17
Hong KongHKEX 108763970.3751.320.500.390.11
IndiaNSE 106733468.8746.580.330.320.01
OmanMSM 96266.6733.331.002.00-1.00
USWARRANTS 1512580.0041.672.504.08-1.58
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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