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 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.
Pattern Performance in Stock Exchanges since 1/1/2018
Stock Exchange 
Per Trade 
Total Net% Descending
DenmarkCOPENHAGEN 21150.00100.0014.000.0014.00
IndiaBSE 3014846.6757.1410.501.509.00
IndonesiaIDX 167443.7557.
Vietnam HOSE 61116.67100.
ItalyBORSA 127358.3342.867.571.006.57
FrancePARIS 188444.4450.007.000.886.13
RussiaMICEX 52240.00100.005.500.005.50
AustraliaASX 42211050.0047.626.481.195.29
Vietnam HNX 21150.00100.
SingaporeSGX 21150.00100.
South KoreaKRX 37161143.2468.755.130.384.75
IsraelTASE 42150.0050.004.500.004.50
USNASDAQ 79352144.3060.
USNYSE 75523369.3363.464.460.464.00
BrazilBOVESPA 1710658.8260.004.300.503.80
TurkeyBIST 2110447.6240.005.101.503.60
CanadaTSX-V 62233.33100.003.500.003.50
South KoreaKOSDAQ 47221346.8159.094.451.053.41
TaiwanTWSE 46231450.0060.873.780.912.87
NetherlandsAMSTERDAM 64166.6725.003.751.252.50
GermanyXETRA 2714951.8564.293.290.932.36
SwitzerlandSIX 1910652.6360.002.700.402.30
The World 101750526149.6651.683.791.532.26
USPREFERRED 332100.0066.672.330.332.00
JapanTOKYO 66331850.0054.553.121.151.97
ThailandSET 2814350.0021.433.932.211.71
ChinaSSE 2110647.6260.002.500.801.70
ChinaSZSE 3018960.0050.002.721.171.56
BangladeshDSE 233113.0433.333.001.671.33
MalaysiaBURSA 147250.0028.573.141.861.29
TaiwanGTSM 2113561.9038.462.151.001.15
UKLSE 32231271.8852.172.961.871.09
KuwaitKSE 111100.00100.
CanadaTSX 3312636.3650.001.830.831.00
USAMEX 83237.5066.671.000.330.67
NorwayOSE 53260.0066.671.000.330.67
Saudi ArabiaTADAWUL 82125.0050.001.501.000.50
IndiaNSE 3311333.3327.272.361.910.45
Hong KongHKEX 5122943.1440.912.091.680.41
Poland GPW 1410471.4340.001.801.700.10
QatarQE 1000.
MexicoBMV 4000.
UAEUAE 2000.
EgyptEGX 1000.
Austria WIENERBORSE 1000.
ArgentinaBUE 41025.
SpainIBEX 21050.
DenmarkCOPENHAGEN 111100.00100.
Greece ATHENS 1000.
UKLSE 1000.
USFOREX 111100.00100.
PortugalLISBON 1000.
BelgiumBRUSSELS 221100.0050.001.001.50-0.50
ThailandSET 110100.
PakistanKSE 31033.330.000.001.00-1.00
PhilippinesPSE 75171.4320.000.001.20-1.20
SwedenSTOCKHOLM 2012560.0041.670.582.00-1.42
CanadaCSE 31033.330.000.004.00-4.00
USOTC PINK 3721656.7628.571.1011.67-10.57
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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