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 1/1/2021
Stock Exchange 
Per Trade 
Total Net% Descending
USAMEX 136346.1550.007.311.206.11
USNYSE 74442859.4663.645.010.704.31
South KoreaKRX 38231260.5352.174.710.773.94
CanadaTSX 42161038.1062.503.660.653.01
TaiwanTWSE 65392260.0056.413.350.662.69
USNASDAQ 85432350.5953.494.321.652.67
MalaysiaBURSA 1710558.8250.003.601.222.38
TaiwanGTSM 2911537.9345.453.401.182.22
JapanTOKYO 117583549.5760.342.680.602.09
ChinaSSE 53261449.0653.852.870.802.06
SingaporeSGX 42150.0050.002.480.452.03
BrazilBOVESPA 2812742.8658.333.371.382.00
ChinaSZSE 61311550.8248.392.681.091.59
The World 131646323549.4736.102.220.921.30
AustraliaASX 52271251.9244.442.841.651.19
Vietnam HOSE 136346.1550.002.771.611.15
EgyptEGX 43275.0066.672.181.500.68
CanadaTSX-V 174223.5350.004.824.600.22
IsraelTASE 82125.0050.001.331.300.03
SwedenSTOCKHOLM 210047.620.
RussiaMICEX 40025.
PortugalLISBON 1000.
Poland GPW 110063.640.
UKLSE 400062.500.
UKLSE 1000.
TurkeyBIST 250036.
ThailandSET 330039.390.
USFOREX 111100.00100.
Vietnam HNX 1000.
USPREFERRED 60066.670.
Greece ATHENS 100100.
FrancePARIS 210066.670.
SpainIBEX 50060.
DenmarkCOPENHAGEN 111100.00100.
DenmarkCOPENHAGEN 300100.
GermanyXETRA 370043.
BelgiumBRUSSELS 50060.
Austria WIENERBORSE 50040.
NorwayOSE 60066.670.
NetherlandsAMSTERDAM 70071.430.
UAEUAE 30033.330.
Saudi ArabiaTADAWUL 140050.
KuwaitKSE 1000.
SwitzerlandSIX 210052.380.
IndonesiaIDX 200040.
ItalyBORSA 170041.
IndiaNSE 430044.
IndiaBSE 380039.470.
USOTC PINK 2210545.4550.003.593.77-0.17
South KoreaKOSDAQ 5326949.0634.621.612.09-0.48
PakistanKSE 41025.
ThailandSET 110100.
Hong KongHKEX 76361147.3730.561.342.50-1.15
ArgentinaBUE 552100.0040.000.231.49-1.26
PhilippinesPSE 440100.
MexicoBMV 21050.
BangladeshDSE 142014.
CanadaCSE 31033.330.000.003.41-3.41
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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