BULLISH LADDER BOTTOM
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 LADDER BOTTOM
Definition
This is a five candlestick pattern that starts with three strong black candlesticks. The downtrend continues with the fourth lower close. The next day gaps higher and closes much higher than the previous day or two. This may imply a bullish reversal.
Recognition Criteria
1. The market is characterized by a prevailing downtrend.
2. Three strong black candlesticks occur much like the Three Black Crows pattern.
3. The fourth black candlestick closes also lower but has a long upper shadow.
4. The fifth day is a strong white with an open above the previous day’s body.
Pattern Requirements and Flexibility
The first three days of the Bullish Ladder Bottom are strong black candlesticks with consecutive lower opens and lower closes. The fourth day is a short black candlestick, but it opens higher and trades higher, leaving a long upper shadow, then closes making a new low. The fifth day is a strong white candlestick that makes a body gap with the fourth day.
Trader’s Behavior
There is a considerable downtrend for some time and the bears are happy. Then we see a good downward move. Prices start trading above the opening price and almost reaching to the new high of the previous day, but then they close at another new low. This action is a warning for shorts telling them that the market will not go down forever. The shorts may then be forced to reevaluate their positions and they may start closing their positions on the next day if profits are good. This act is the reason behind the upward gap we see on the last day of the pattern and also the close is considerably higher. If the volume is high on the last day, a trend reversal has probably occurred. However, a confirmation will still be required on the next day.
Buy/Stop Loss Levels
The confirmation level is defined as the last close. Prices should cross above this level for confirmation.

The stop loss level is defined as the last low. 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 1/1/2015
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
TurkeyBIST 137553.8571.4315.000.2914.71
South KoreaKRX 35231465.7160.8713.610.6512.96
Vietnam HOSE 333100.00100.008.670.008.67
ChinaSSE 23161269.5775.008.690.568.13
QatarQE 21150.00100.006.000.006.00
USAMEX 18151083.3366.676.000.275.73
Hong KongHKEX 46241852.1775.005.830.715.13
IndiaBSE 82553267.0758.185.890.875.02
TaiwanGTSM 36211458.3366.675.430.764.67
BelgiumBRUSSELS 42250.00100.004.500.004.50
South KoreaKOSDAQ 44302268.1873.335.030.574.47
USNASDAQ 87573765.5264.915.040.844.19
BrazilBOVESPA 2110547.6250.005.201.204.00
IndiaNSE 42261861.9069.234.540.623.92
SwedenSTOCKHOLM 1714688.2440.004.000.673.33
ThailandSET 1411778.5763.643.730.453.27
UKLSE 56402771.4367.503.680.633.05
The World 1682114271868.0762.713.830.823.00
BangladeshDSE 167443.7557.143.140.292.86
CanadaTSX 69402457.9760.003.230.652.58
SingaporeSGX 221100.0050.003.000.502.50
USNYSE 1691258773.9669.602.780.312.46
TaiwanTWSE 48302162.5070.002.700.332.37
ItalyBORSA 67402259.7055.002.930.582.35
CanadaTSX-V 63250.0066.673.671.332.33
AustraliaASX 33211563.6471.433.190.902.29
USOTC PINK 53311760.3853.134.502.252.25
Poland GPW 116454.5566.674.832.672.17
IsraelTASE 1310876.9280.002.500.502.00
IndonesiaIDX 85362.5060.002.600.602.00
Hong KongHKEX 111100.00100.002.000.002.00
AustraliaASX 111100.00100.002.000.002.00
PakistanKSE 111100.00100.002.000.002.00
FrancePARIS 40291672.5055.172.450.721.72
GermanyXETRA 88673277.2747.062.781.161.62
ChinaSZSE 47372078.7254.052.921.321.59
PakistanKSE 95455.5680.003.802.401.40
Saudi ArabiaTADAWUL 43175.0033.331.670.331.33
JapanTOKYO 2011448071.6455.562.391.121.27
USPREFERRED 1510866.6780.001.400.201.20
SwitzerlandSIX 2111652.3854.551.730.731.00
RussiaMICEX 54180.0025.002.251.500.75
NetherlandsAMSTERDAM 12125100.0041.671.000.920.08
CanadaCSE 21050.000.000.000.000.00
FOREXFOREX 110100.000.000.000.000.00
UKLSE 220100.000.000.000.000.00
SingaporeSGX 2000.000.000.000.000.00
JapanNAGOYA 1000.000.000.000.000.00
RussiaMICEX 111100.00100.000.000.000.00
Poland GPW 1000.000.000.000.000.00
PhilippinesPSE 148457.1450.001.131.130.00
MexicoBMV 106160.0016.670.001.17-1.17
SpainIBEX 52040.000.000.001.50-1.50
NorwayOSE 553100.0060.002.804.40-1.60
JapanFUKUOKA 110100.000.000.002.00-2.00
MalaysiaBURSA 42050.000.000.003.50-3.50
ArgentinaBUE 110100.000.000.006.00-6.00
Austria WIENERBORSE 41025.000.000.007.00-7.00
Greece ATHENS 21050.000.000.0052.00-52.00
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.