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 1/1/2014
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
IndonesiaIDX 62233.33100.0012.500.0012.50
BrazilBOVESPA 133323.08100.008.330.008.33
USAMEX 96666.67100.008.000.008.00
CanadaTSX 236426.0966.678.170.178.00
USNYSE 47271859.5764.297.890.297.61
QatarQE 21150.00100.007.000.007.00
MalaysiaBURSA 52240.00100.006.500.006.50
NorwayOSE 31133.33100.006.000.006.00
IndiaBSE 229640.9166.676.441.115.33
USNASDAQ 51231545.1065.225.260.484.78
GermanyXETRA 53260.0066.674.000.004.00
Vietnam HOSE 21150.00100.004.000.004.00
BelgiumBRUSSELS 32266.67100.003.500.003.50
SingaporeSGX 31133.33100.003.000.003.00
The World 50422813145.4457.213.620.852.77
USPREFERRED 32166.6750.002.500.002.50
South KoreaKOSDAQ 228436.3650.003.751.382.38
UKLSE 117463.6457.143.431.142.29
Hong KongHKEX 167543.7571.433.000.712.29
ChinaSSE 52240.00100.002.000.002.00
RussiaMICEX 21150.00100.002.000.002.00
TaiwanTWSE 268330.7737.503.382.001.38
ArgentinaBUE 111100.00100.001.000.001.00
AustraliaASX 111100.00100.001.000.001.00
SwitzerlandSIX 84450.00100.001.000.001.00
KuwaitKSE 111100.00100.001.000.001.00
JapanTOKYO 3621958.3342.861.760.860.90
ItalyBORSA 52140.0050.001.501.000.50
PakistanKSE 63250.0066.670.330.000.33
AustraliaASX 138361.5437.500.880.630.25
IndiaNSE 134230.7750.001.251.000.25
Poland GPW 85262.5040.001.000.800.20
PhilippinesPSE 4000.000.000.000.000.00
EgyptEGX 2000.000.000.000.000.00
Greece ATHENS 2000.000.000.000.000.00
SpainIBEX 1000.000.000.000.000.00
DenmarkCOPENHAGEN 110100.000.000.000.000.00
FOREXFOREX 1000.000.000.000.000.00
Vietnam HNX 2000.000.000.000.000.00
USFOREX 111100.00100.000.000.000.00
UKLSE 1000.000.000.000.000.00
SwedenSTOCKHOLM 125341.6760.001.601.600.00
MexicoBMV 2000.000.000.000.000.00
UAEUAE 3000.000.000.000.000.00
ChinaSZSE 662100.0033.331.502.00-0.50
South KoreaKRX 146242.8633.330.170.83-0.67
TaiwanGTSM 137353.8542.860.431.29-0.86
BangladeshDSE 112118.1850.000.001.00-1.00
Austria WIENERBORSE 110100.000.000.001.00-1.00
FrancePARIS 61016.670.000.001.00-1.00
ThailandSET 110100.000.000.001.00-1.00
TurkeyBIST 125141.6720.000.001.20-1.20
USOTC PINK 94244.4450.001.502.75-1.25
Saudi ArabiaTADAWUL 21050.000.000.002.00-2.00
ThailandSET 105150.0020.001.403.60-2.20
CanadaTSX-V 221100.0050.002.005.50-3.50
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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