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 1/1/2018
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
DenmarkCOPENHAGEN 21150.00100.0014.000.0014.00
IndiaBSE 3215946.8860.0010.001.408.60
Vietnam HOSE 61116.67100.008.000.008.00
IndonesiaIDX 208440.0050.008.131.256.88
FrancePARIS 198442.1150.007.000.886.13
ItalyBORSA 148457.1450.006.750.885.88
RussiaMICEX 52240.00100.005.500.005.50
AustraliaASX 43221151.1650.006.231.145.09
Vietnam HNX 21150.00100.005.000.005.00
SingaporeSGX 21150.00100.005.000.005.00
South KoreaKRX 39171143.5964.714.820.414.41
BrazilBOVESPA 1810755.5670.004.700.304.40
South KoreaKOSDAQ 49231446.9460.875.091.004.09
IsraelTASE 53260.0066.674.000.004.00
USNYSE 75533470.6764.154.430.453.98
USNASDAQ 81362144.4458.335.111.223.89
CanadaTSX-V 62233.33100.003.500.003.50
TaiwanTWSE 50231446.0060.873.780.912.87
TurkeyBIST 2410341.6730.004.401.602.80
The World 107353728150.1452.233.791.422.37
SwitzerlandSIX 2010650.0060.002.700.402.30
ChinaSSE 2311747.8363.642.910.732.18
JapanTOKYO 76402352.6357.503.181.132.05
EgyptEGX 21150.00100.002.000.002.00
ChinaSZSE 3018960.0050.002.721.171.56
UKLSE 34251473.5356.003.281.761.52
ThailandSET 3015350.0020.003.672.201.47
BangladeshDSE 233113.0433.333.001.671.33
GermanyXETRA 2816957.1456.252.881.561.31
MalaysiaBURSA 157246.6728.573.141.861.29
IndiaNSE 3613436.1130.773.081.851.23
NetherlandsAMSTERDAM 75171.4320.003.001.801.20
KuwaitKSE 111100.00100.001.000.001.00
TaiwanGTSM 2214563.6435.712.001.070.93
CanadaTSX 3413738.2453.851.690.770.92
SwedenSTOCKHOLM 2113661.9046.152.621.850.77
NorwayOSE 53260.0066.671.000.330.67
USAMEX 93233.3366.671.000.330.67
Saudi ArabiaTADAWUL 82125.0050.001.501.000.50
USPREFERRED 331100.0033.331.000.670.33
Poland GPW 1410471.4340.001.801.700.10
SpainIBEX 21050.000.000.000.000.00
DenmarkCOPENHAGEN 111100.00100.000.000.000.00
Greece ATHENS 1000.000.000.000.000.00
FOREXFOREX 1000.000.000.000.000.00
Austria WIENERBORSE 1000.000.000.000.000.00
QatarQE 1000.000.000.000.000.00
UKLSE 1000.000.000.000.000.00
USFOREX 111100.00100.000.000.000.00
MexicoBMV 4000.000.000.000.000.00
UAEUAE 2000.000.000.000.000.00
PortugalLISBON 1000.000.000.000.000.00
Hong KongHKEX 5224946.1537.501.962.08-0.13
BelgiumBRUSSELS 221100.0050.001.001.50-0.50
ArgentinaBUE 53160.0033.330.000.67-0.67
ThailandSET 110100.000.000.001.00-1.00
PakistanKSE 31033.330.000.001.00-1.00
PhilippinesPSE 85162.5020.000.001.20-1.20
CanadaCSE 41025.000.000.004.00-4.00
USOTC PINK 3519857.1440.001.758.70-6.95
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.

Candlesticker.com is an independent and free website and all the Services provided by Americanbulls.com LLC at Candlesticker.com are completely free of charge. Americanbulls.com LLC does not receive compensation by any direct or indirect means from the visitors and users of this website (or of any other bulls.com© family websites), and from the stocks, securities and other institutions or any underwriters or dealers associated with the broader national or international forex, commodity and stock markets.

You agree that Candlesticker.com and Americanbulls.com LLC its parent company, subsidiaries, affiliates, officers and employees shall not be liable for any direct, indirect, incidental, special or consequential damages.