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 1/1/2017
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
JapanSAPPORO 129975.00100.009.330.009.33
CanadaCSE 34121810464.8147.0612.213.768.45
ArgentinaBUE 56242027174.7364.527.451.036.42
TurkeyBIST 32462220132968.3959.866.000.885.12
PakistanKSE 2002140379670.0856.745.341.164.18
ArgentinaBUE 1381067476.8169.814.180.193.99
Vietnam HNX 60744725773.6457.495.191.293.91
South KoreaKOSDAQ 108097563398069.9752.624.931.273.66
Hong KongHKEX 113657938419669.8552.864.961.323.64
IndonesiaIDX 2035132268364.9651.664.831.233.60
IndiaBSE 1917012266655163.9953.414.941.393.54
IndiaNSE 132728784486166.1855.344.591.143.45
SwedenSTOCKHOLM 61574210233968.3855.564.401.023.38
JapanNAGOYA 37026413871.3552.274.050.723.34
CanadaTSX-V 1689114249567.6143.356.643.363.29
EgyptEGX 112281841272.9150.374.561.343.22
PhilippinesPSE 119980340566.9750.444.231.073.16
BrazilBOVESPA 38222799165573.2359.134.020.903.12
Poland GPW 27011919105371.0554.874.181.073.10
Greece ATHENS 62345221872.5548.234.541.463.08
BangladeshDSE 2453163686666.6952.934.121.202.91
TaiwanGTSM 57213972218869.4355.093.770.882.88
ChinaSZSE 2077416034862877.1853.814.051.242.80
NorwayOSE 1664115561169.4152.903.721.042.68
Vietnam HOSE 2055145077170.5653.173.841.172.67
JordanASE 1851305670.2743.083.921.292.63
USOTC PINK 1601411303490771.1143.095.012.382.63
DenmarkCOPENHAGEN 109077143970.7356.943.340.742.60
USNASDAQ 29760209541120670.4353.463.651.052.60
Saudi ArabiaTADAWUL 1556111163971.4057.523.230.672.57
RussiaMICEX 1879131466269.9350.383.551.052.51
IsraelTASE 27131835101467.6455.263.220.972.26
KuwaitKSE 43431515072.5847.623.501.252.25
ChileBCS 49432419365.5959.572.680.432.25
ChinaSSE 1530911803612877.1051.923.351.112.24
UAEUAE 33624612173.2149.193.261.052.21
MalaysiaBURSA 31292201103670.3447.073.441.252.19
TaiwanTWSE 87746292340271.7154.072.930.782.15
South KoreaKRX 117948366432070.9351.643.010.912.10
The World 44099931913016791272.3952.603.040.952.08
JapanTOKYO 39623290711566073.3753.873.030.952.08
ThailandSET 32832242108368.2948.313.101.032.07
SpainIBEX 121284345169.5553.502.850.891.95
USAMEX 46603392169372.7949.912.740.921.83
RussiaMICEX 1451096875.1762.392.150.451.70
TurkeyBIST 1241006880.6568.002.010.321.69
MexicoBMV 2050146674071.5150.482.550.901.65
AustraliaASX 83716100295972.8948.492.741.101.64
MexicoBMV 1841389275.0066.671.860.251.61
QatarQE 30922610973.1448.232.360.771.60
Austria WIENERBORSE 63246425373.4254.532.250.671.58
UKLSE 2032514666770272.1652.522.310.791.53
CanadaTSX 1397510306514973.7549.962.170.721.45
JapanFUKUOKA 80543167.5057.412.871.431.44
FrancePARIS 95297102389074.5354.772.000.641.35
BelgiumBRUSSELS 108278140472.1851.732.170.831.34
PakistanKSE 1951338668.2164.661.460.141.32
PortugalLISBON 2912029169.4245.052.531.221.31
Austria WIENERBORSE 89623469.6654.841.500.231.27
ItalyBORSA 97673669.0753.731.490.251.24
FrancePARIS 97673669.0753.731.490.251.24
Greece ATHENS 96673669.7953.731.430.241.19
USNYSE 46528344061775973.9651.611.870.691.18
BrazilBOVESPA 1531106671.9060.001.520.351.17
ItalyBORSA 119758994463775.1151.561.840.711.13
GermanyXETRA 91613467.0355.741.330.231.10
PortugalLISBON 99683868.6955.881.320.261.06
GermanyXETRA 1595112109634375.9152.381.620.630.99
SpainIBEX 115774666.9659.741.190.210.99
NetherlandsAMSTERDAM 99683768.6954.411.210.220.99
BelgiumBRUSSELS 99683768.6954.411.210.220.99
ChileBCS 1451006068.9760.001.140.210.93
NetherlandsAMSTERDAM 32892430128673.8852.921.460.560.90
MalaysiaBURSA 130955973.0862.111.080.190.89
IndonesiaIDX 117875674.3664.371.060.170.89
SingaporeSGX 1554112645172.4640.051.971.100.87
USWARRANTS 45361580.0041.673.923.060.86
PhilippinesPSE 119885273.9559.090.930.090.84
UKLSE 1731247371.6858.870.980.180.81
NorwayOSE 1521156975.6660.001.000.220.78
IsraelTASE 126834365.8751.811.020.250.77
FOREXFOREX 2341748974.3651.151.140.370.77
Poland GPW 1361005373.5353.000.910.190.72
Vietnam HOSE 1471106874.8361.820.880.170.71
UAEUAE 1641136568.9057.520.910.200.71
ThailandSET 143995669.2356.570.880.170.71
SwitzerlandSIX 56154283214576.2850.081.280.580.70
OmanMSM 2923879.3134.781.781.090.70
DenmarkCOPENHAGEN 145965166.2153.130.850.170.69
CanadaTSX 141955667.3858.950.850.180.67
Hong KongHKEX 1341036276.8760.190.810.160.65
SwitzerlandSIX 1501086372.0058.330.840.210.63
SwedenSTOCKHOLM 1741347277.0153.730.830.230.60
South KoreaKOSDAQ 1361026475.0062.750.750.180.58
SingaporeSGX 1561136072.4453.100.760.190.57
JapanTOKYO 134925068.6654.350.770.230.54
IndiaNSE 115723962.6154.170.820.310.51
ChinaSSE 1451085574.4850.930.700.200.50
USFOREX 1951397771.2855.400.600.170.42
TaiwanGTSM 92613166.3050.820.620.230.39
AustraliaASX 1571055466.8851.430.680.300.38
BangladeshDSE 142784054.9351.280.510.190.32
USPREFERRED 42672944123168.9941.810.670.380.29
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.

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