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
IsraelTASE 21150.00100.009.000.009.00
DenmarkCOPENHAGEN 42150.0050.008.500.508.00
IndonesiaIDX 187438.8957.148.000.717.29
USNASDAQ 83381845.7847.376.871.325.55
FrancePARIS 208440.0050.006.380.885.50
USNYSE 97583359.7956.905.930.675.26
Vietnam HNX 31133.33100.005.000.005.00
BrazilBOVESPA 2310743.4870.005.200.404.80
South KoreaKOSDAQ 44191043.1852.634.581.213.37
ChinaSSE 2113861.9061.543.850.693.15
GermanyXETRA 1611768.7563.643.820.733.09
RussiaMICEX 52240.00100.003.000.003.00
AustraliaASX 3716543.2431.254.561.563.00
South KoreaKRX 43171139.5364.713.240.352.88
IndiaBSE 46191041.3052.634.051.632.42
Vietnam HOSE 73242.8666.674.001.672.33
TaiwanTWSE 52231244.2352.173.131.042.09
USPREFERRED 332100.0066.672.330.332.00
The World 107251725648.2349.523.321.411.92
Hong KongHKEX 43211048.8447.623.241.331.90
NorwayOSE 64366.6775.002.000.251.75
CanadaTSX 4015637.5040.003.131.601.53
SingaporeSGX 42150.0050.001.500.001.50
MalaysiaBURSA 134230.7750.003.252.001.25
UKLSE 2516864.0050.003.061.811.25
KuwaitKSE 111100.00100.001.000.001.00
JapanTOKYO 69382055.0752.631.630.890.74
TaiwanGTSM 2210545.4550.002.401.700.70
SwitzerlandSIX 178547.0662.500.750.130.63
CanadaTSX-V 84350.0075.003.252.750.50
USAMEX 125241.6740.000.600.200.40
ChinaSZSE 2419879.1742.111.741.530.21
TurkeyBIST 2714551.8535.710.860.860.00
PortugalLISBON 1000.000.000.000.000.00
UKLSE 1000.000.000.000.000.00
USFOREX 111100.00100.000.000.000.00
UAEUAE 3000.000.000.000.000.00
NetherlandsAMSTERDAM 1000.000.000.000.000.00
EgyptEGX 2000.000.000.000.000.00
QatarQE 1000.000.000.000.000.00
JapanNAGOYA 1000.000.000.000.000.00
ArgentinaBUE 1000.000.000.000.000.00
FOREXFOREX 1000.000.000.000.000.00
BangladeshDSE 19105.260.000.000.000.00
Greece ATHENS 2000.000.000.000.000.00
SpainIBEX 2000.000.000.000.000.00
DenmarkCOPENHAGEN 111100.00100.000.000.000.00
ItalyBORSA 137353.8542.861.711.86-0.14
BelgiumBRUSSELS 53260.0066.670.671.00-0.33
IndiaNSE 3514440.0028.570.791.21-0.43
Poland GPW 1611468.7536.361.271.82-0.55
PakistanKSE 73142.8633.330.331.00-0.67
SwedenSTOCKHOLM 2916855.1750.000.751.50-0.75
ThailandSET 2614453.8528.571.292.07-0.79
Austria WIENERBORSE 21050.000.000.001.00-1.00
MexicoBMV 51020.000.000.001.00-1.00
ThailandSET 110100.000.000.001.00-1.00
PhilippinesPSE 94144.4425.000.001.25-1.25
Saudi ArabiaTADAWUL 61016.670.000.002.00-2.00
USOTC PINK 3218656.2533.330.949.44-8.50
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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