BULLISH STICK SANDWICH
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 STICK SANDWICH
Definition
This pattern has two black bodies with a white body between them. That is why it looks like a sandwich. The closing of both black candlesticks at the same level shows that a support price has been established.
Recognition Criteria
1. The market is characterized by a prevailing downtrend.
2. We see a black candlestick on the first day.
3. A white body that trades above the close of the previous black body follows.
4. The third day is a black day with a close equal to the first day.
Pattern Requirements and Flexibility
The Bullish Stick Sandwich starts with a strong black candlestick, and a white candlestick that opens at the previous close or at a higher level follows it. The white body closes above the black body of the first day. The third day opens with an upside gap but closes exactly at the same level with the first day’s close.
Trader’s Behavior
The market is testing new lows and it produces a black day. The following day unexpectedly opens higher and then trades higher all day, closing at or near its high. This action suggests that the downtrend has reversed and that short traders should be careful. The next day, prices open even higher, which should cause some short covering initially, but then prices drift lower to close at the same price as two days ago. Traders take note of the support price implied by the two same level closes.
Buy/Stop Loss Levels
The confirmation level is defined as the midpoint between the last two closes. Prices should cross above this level for confirmation.

The stop loss level is defined as the lower of the last two lows. 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
IndonesiaIDX 42150.0050.0014.001.5012.50
ChinaSSE 71114.29100.0010.000.0010.00
IsraelTASE 111100.00100.009.000.009.00
RussiaMICEX 42250.00100.005.500.005.50
USAMEX 63350.00100.005.330.005.33
Vietnam HNX 21150.00100.005.000.005.00
USNASDAQ 55251245.4548.006.041.364.68
BrazilBOVESPA 96466.6766.675.170.504.67
FrancePARIS 105250.0040.005.801.404.40
IndiaBSE 199647.3766.675.891.564.33
South KoreaKOSDAQ 2912741.3858.334.750.923.83
South KoreaKRX 2911837.9372.733.910.273.64
CanadaTSX-V 52240.00100.003.500.003.50
TaiwanTWSE 2611642.3154.554.821.453.36
GermanyXETRA 128466.6750.004.381.253.13
AustraliaASX 2310443.4840.004.301.303.00
USNYSE 52342065.3858.822.760.442.32
USPREFERRED 332100.0066.672.330.332.00
CanadaTSX 216428.5766.672.500.831.67
The World 59728914148.4148.793.091.441.66
NorwayOSE 222100.00100.001.500.001.50
Vietnam HOSE 42150.0050.004.002.501.50
IndiaNSE 2110347.6230.002.501.101.40
SwitzerlandSIX 104340.0075.001.500.251.25
TaiwanGTSM 169456.2544.442.561.441.11
Hong KongHKEX 2711540.7445.452.181.091.09
KuwaitKSE 111100.00100.001.000.001.00
UKLSE 1310676.9260.003.202.800.40
ItalyBORSA 53160.0033.331.671.330.33
SingaporeSGX 1000.000.000.000.000.00
PortugalLISBON 1000.000.000.000.000.00
USFOREX 111100.00100.000.000.000.00
UKLSE 1000.000.000.000.000.00
Greece ATHENS 1000.000.000.000.000.00
SpainIBEX 1000.000.000.000.000.00
DenmarkCOPENHAGEN 111100.00100.000.000.000.00
DenmarkCOPENHAGEN 1000.000.000.000.000.00
Austria WIENERBORSE 1000.000.000.000.000.00
ArgentinaBUE 21050.000.000.000.000.00
FOREXFOREX 1000.000.000.000.000.00
BangladeshDSE 13000.000.000.000.000.00
MexicoBMV 3000.000.000.000.000.00
UAEUAE 1000.000.000.000.000.00
EgyptEGX 1000.000.000.000.000.00
QatarQE 1000.000.000.000.000.00
BelgiumBRUSSELS 221100.0050.001.001.50-0.50
JapanTOKYO 2615457.6926.671.201.80-0.60
SwedenSTOCKHOLM 1810555.5650.000.901.60-0.70
TurkeyBIST 157146.6714.290.291.29-1.00
Poland GPW 86175.0016.670.831.83-1.00
PakistanKSE 31033.330.000.001.00-1.00
ThailandSET 110100.000.000.001.00-1.00
PhilippinesPSE 52140.0050.000.001.50-1.50
ChinaSZSE 138261.5425.000.502.13-1.63
Saudi ArabiaTADAWUL 51020.000.000.002.00-2.00
MalaysiaBURSA 21050.000.000.002.00-2.00
ThailandSET 1810155.5610.000.502.60-2.10
USOTC PINK 2010350.0030.001.108.30-7.20
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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