BULLISH STOP LOSS
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 decisions.
BULLISH STOP LOSS
Definition
This is not a standard candlestick pattern. It is simply the stop loss compliment of all the confirmed bearish patterns. The conditions for the activation of the Bullish stop loss are two consecutive highs or a close above the stop loss level of a recently confirmed bearish pattern.
Recognition Criteria
1. A bearish pattern is detected, and its confirmation and stop loss levels are established.
2. The pattern, then, is confirmed and a SELL or SHORT signal is issued.
3. Prices either close once above the stop loss level, or test highs above the stop loss level in two consecutive days.
4. The Bullish stop loss is triggered.
Pattern Requirements and Flexibility
All bearish candlesticks are accompanied by a specific stop loss level, which becomes active when the pattern is confirmed. A bearish confirmation consequently may lead to a bearish signal such as a SELL or SHORT signal. Following the bearish signal, if prices go up instead of going down, and close or make two consecutive daily highs above the stop loss level, while no bullish pattern is detected, then the stop loss is triggered. Once triggered, the stop loss level of the recently confirmed bearish pattern starts acting as the confirmation level of a bullish pattern itself. The system then seeks a bullish confirmation to issue a BUY signal. Prices must cross above the stop loss level for the bullish confirmation of the triggered stop loss.
Trader’s Behavior
In the chaotic environment of the stock market, it is hard to claim that all bearish bets will be successful. Most bearish bets based on confirmed candlestick patterns will be profitable though. However, some candlestick patterns may lead to false trades, some of which are bear traps. This is exactly where the stop loss comes into the picture. It serves as a safety valve for the bears cutting the potentially devastating losses to a minimum level. According to the statistics, the trades based on the Bullish stop loss confirmations are as successful as the other candlestick pattern based signals. If confirmed, they should never be avoided.
Buy/Stop Loss Levels
The confirmation level is defined as the stop loss level of the recently confirmed bearish candlestick pattern. Prices should cross above this level for confirmation of the Bullish stop loss.
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
CanadaCSE 1881308369.6863.3617.362.2215.14
JapanSAPPORO 129975.00100.009.330.009.33
ArgentinaBUE 41832524177.7574.158.670.498.18
USWARRANTS 103734370.8758.906.921.185.74
IndiaBSE 146479504587464.8961.816.080.985.10
PakistanKSE 1560110472070.7765.225.890.815.08
South KoreaKOSDAQ 75745339330070.5061.805.750.924.83
IndiaNSE 99486690426867.2563.805.570.774.80
Hong KongHKEX 82825835334970.4557.405.621.064.56
IndonesiaIDX 135989350565.7156.555.510.994.52
TurkeyBIST 2233151395967.7663.385.220.734.49
USOTC PINK 110287906383371.7748.436.321.854.48
Vietnam HNX 52038622574.2358.295.791.344.45
CanadaTSX-V 137293842568.3745.317.292.894.40
EgyptEGX 77556532772.9057.885.191.084.11
PhilippinesPSE 83957032267.9456.494.860.854.01
Greece ATHENS 44031618371.8257.914.971.073.90
Poland GPW 2033145889571.9161.224.570.803.76
Vietnam HOSE 137598859071.8559.724.660.973.70
NorwayOSE 123687252570.7960.004.560.913.65
ArgentinaBUE 87684578.1666.183.850.223.63
TaiwanGTSM 39232659162167.7860.964.310.703.61
ChinaSZSE 1303110030634476.9763.254.480.873.61
SwedenSTOCKHOLM 42002913179569.3661.624.360.763.60
JapanNAGOYA 29921711872.5854.384.130.583.55
BrazilBOVESPA 24421728108570.7662.794.190.713.48
Saudi ArabiaTADAWUL 104974548771.0265.373.930.503.43
BangladeshDSE 1736117668367.7458.084.290.973.32
USNASDAQ 2119114893906870.3660.824.000.753.25
RussiaMICEX 134194652970.5455.923.900.823.08
South KoreaKRX 79805637331470.6458.793.690.683.01
DenmarkCOPENHAGEN 75652232969.0563.033.450.552.90
UAEUAE 24117610073.0356.823.850.952.90
KuwaitKSE 28720810672.4750.964.261.392.87
ChileBCS 36023816266.1168.073.120.312.82
ChinaSSE 96417499454177.7860.553.600.812.80
USAMEX 28902050115170.9356.153.550.762.79
The World 30758822209812965272.2258.373.470.742.73
JapanTOKYO 28225209161251774.1059.843.470.742.73
SpainIBEX 90862438268.7261.223.380.672.71
JordanASE 1521075270.3948.603.781.122.65
MalaysiaBURSA 2337166983471.4249.973.671.042.63
IsraelTASE 1929132884468.8463.553.280.672.61
TaiwanTWSE 58454135243970.7458.983.230.632.59
JapanFUKUOKA 58412970.6970.732.980.492.49
ThailandSET 2360162784568.9451.943.300.922.37
PortugalLISBON 2291578868.5656.053.130.872.25
AustraliaASX 58204245230272.9454.233.160.912.25
Austria WIENERBORSE 37927218071.7766.182.610.422.19
QatarQE 2061528573.7955.922.660.642.02
UKLSE 1420110234589972.0757.642.640.632.01
BelgiumBRUSSELS 78956334571.3661.282.450.541.91
TurkeyBIST 91745081.3267.572.240.361.88
MexicoBMV 1427101856271.3455.212.570.751.82
CanadaTSX 101297432405073.4254.462.340.591.75
Austria WIENERBORSE 60422670.0061.901.930.191.74
ItalyBORSA 67462868.6660.871.910.201.72
FrancePARIS 67462868.6660.871.910.201.72
FrancePARIS 65424856283274.2358.322.250.541.71
Greece ATHENS 66462869.7060.871.830.201.63
ItalyBORSA 80275931335173.8956.502.190.611.58
RussiaMICEX 107795273.8365.821.920.411.52
GermanyXETRA 64432767.1962.791.630.161.47
USNYSE 34260250361411273.0856.372.010.551.45
PortugalLISBON 67473070.1563.831.660.211.45
MexicoBMV 124956476.6167.371.690.251.44
SingaporeSGX 119884837370.7843.992.381.001.39
GermanyXETRA 105517915439075.0255.461.880.551.33
FOREXFOREX 1701297475.8857.361.530.221.32
SpainIBEX 80553768.7567.271.470.161.31
BelgiumBRUSSELS 71482867.6158.331.460.171.29
NetherlandsAMSTERDAM 71482867.6158.331.460.171.29
NetherlandsAMSTERDAM 2222160389272.1455.651.690.471.22
PakistanKSE 128905770.3163.331.340.161.19
BrazilBOVESPA 108774771.3061.041.510.341.17
IsraelTASE 79503363.2966.001.220.101.12
PhilippinesPSE 81604174.0768.331.170.071.10
OmanMSM 2218581.8227.782.061.061.00
ChileBCS 98664067.3560.611.150.200.95
SwitzerlandSIX 39772976157374.8352.861.430.490.93
Poland GPW 95674270.5362.691.100.180.93
UKLSE 127945474.0257.451.050.170.88
MalaysiaBURSA 91694075.8257.971.040.170.87
DenmarkCOPENHAGEN 89543260.6759.261.000.150.85
Vietnam HOSE 106815576.4267.901.000.160.84
IndonesiaIDX 85624072.9464.520.970.130.84
ThailandSET 102724270.5958.330.940.170.78
UAEUAE 125865168.8059.300.980.210.77
CanadaTSX 103774674.7659.740.920.180.74
JapanTOKYO 90653772.2256.920.910.200.71
ChinaSSE 98693770.4153.620.900.220.68
South KoreaKOSDAQ 103825479.6165.850.800.160.65
SwedenSTOCKHOLM 114894678.0751.690.890.250.64
NorwayOSE 101764575.2559.210.870.240.63
SwitzerlandSIX 112804871.4360.000.830.210.61
TaiwanGTSM 63432568.2558.140.770.160.60
Hong KongHKEX 90734281.1157.530.750.180.58
SingaporeSGX 115814570.4355.560.790.220.57
AustraliaASX 108744068.5254.050.680.230.45
BangladeshDSE 96633565.6355.560.590.160.43
USPREFERRED 3130218395369.7443.660.750.320.43
IndiaNSE 76442357.8952.270.700.300.41
USFOREX 143995569.2355.560.580.170.40
USOTCBB 115145.4520.001.403.40-2.00
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.