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
CanadaCSE 37724512366.0549.4013.423.4110.01
JapanSAPPORO 129975.00100.009.330.009.33
ArgentinaBUE 66149932175.4964.337.801.046.77
TurkeyBIST 35132440149669.4661.316.770.865.91
JapanNAGOYA 37626714471.0153.934.990.704.28
PakistanKSE 2098147283970.1657.005.281.164.13
CanadaTSX-V 1856128559069.2345.917.213.134.08
ArgentinaBUE 1441127977.7870.544.200.184.02
Vietnam HNX 64947727073.5056.605.261.333.93
South KoreaKOSDAQ 114288029429670.3853.415.081.243.84
IndiaBSE 1986812770688864.2753.945.091.373.72
Poland GPW 29362115118572.0456.034.811.103.71
IndiaNSE 138439186513366.3655.884.771.113.65
IndonesiaIDX 2139139572365.2251.834.801.213.59
SwedenSTOCKHOLM 65614531255269.0656.324.591.033.56
Hong KongHKEX 119878352441069.7252.774.881.333.56
EgyptEGX 121488845773.1551.464.861.313.55
BrazilBOVESPA 40332953176673.2259.804.250.883.37
PhilippinesPSE 125083842567.0450.724.291.073.22
TaiwanGTSM 62234380246170.3856.194.000.863.14
NorwayOSE 1796125767169.9953.384.131.053.08
Greece ATHENS 67549123672.7448.074.531.493.04
USOTC PINK 1702712046532271.3343.825.372.382.99
BangladeshDSE 2456163286266.6152.694.101.202.90
USNASDAQ 31535223411207870.8554.063.931.092.84
Vietnam HOSE 2210157485171.2254.073.941.152.79
ChinaSZSE 2226517177923377.1553.754.011.242.77
DenmarkCOPENHAGEN 116182146370.7156.393.450.792.66
RussiaMICEX 2013141872570.4451.133.681.032.65
Saudi ArabiaTADAWUL 1658118668671.5357.843.220.682.54
UAEUAE 34925712873.6449.813.591.072.52
IsraelTASE 31392128119867.7956.303.450.942.50
ThailandSET 35752480123769.3749.883.471.032.44
MalaysiaBURSA 33262345112270.5147.853.691.252.43
TaiwanTWSE 95736919381872.2855.183.120.762.35
JordanASE 1721195169.1942.863.691.342.35
South KoreaKRX 126068992472871.3352.583.190.902.29
ChinaSSE 1641112634658476.9852.113.391.102.29
The World 46440433738617953572.6853.193.230.962.27
JapanTOKYO 42266310641685473.5054.263.140.952.19
KuwaitKSE 48135217073.1848.303.451.332.12
USAMEX 49743634186673.0651.353.030.922.11
ChileBCS 51634120366.0959.532.670.562.10
SpainIBEX 128589248269.4254.042.870.871.99
Austria WIENERBORSE 73554331573.8858.012.540.631.91
AustraliaASX 89606545321473.0549.112.981.121.86
MexicoBMV 2194157681371.8351.592.740.891.85
TurkeyBIST 1321067580.3070.752.110.301.81
UKLSE 2180915811849972.6153.672.460.761.70
QatarQE 33224612574.1050.812.480.781.70
RussiaMICEX 1481106874.3261.822.130.451.68
JapanFUKUOKA 71502970.4258.003.141.521.62
CanadaTSX 1486011034561074.2550.842.330.721.61
MexicoBMV 1871409474.8767.141.840.241.60
FrancePARIS 101247570421374.7755.652.120.641.47
PortugalLISBON 3022129970.2046.702.631.171.47
PakistanKSE 2021398968.8164.031.520.141.38
BelgiumBRUSSELS 113482043172.3152.562.200.831.36
USNYSE 48581361521886374.4252.182.040.721.32
ItalyBORSA 128409695508875.5152.481.940.701.24
BrazilBOVESPA 1571147072.6161.401.560.331.23
Austria WIENERBORSE 92653570.6553.851.450.231.22
ItalyBORSA 100703770.0052.861.440.261.19
FrancePARIS 100703770.0052.861.440.261.19
GermanyXETRA 1743513317721976.3854.211.790.611.18
Greece ATHENS 100713771.0052.111.370.251.11
SingaporeSGX 1631119350373.1542.162.181.081.10
USWARRANTS 45381584.4439.474.323.261.05
GermanyXETRA 94643568.0954.691.280.231.05
ChileBCS 1511066670.2062.261.230.201.03
PortugalLISBON 102713969.6154.931.280.271.01
NetherlandsAMSTERDAM 35172617140974.4153.841.540.560.98
MalaysiaBURSA 1401036473.5762.141.150.170.97
SpainIBEX 119814868.0759.261.160.210.95
NetherlandsAMSTERDAM 103713868.9353.521.170.230.94
BelgiumBRUSSELS 103713868.9353.521.170.230.94
IndonesiaIDX 122885672.1363.641.020.170.85
PhilippinesPSE 124935575.0059.140.920.090.84
SwitzerlandSIX 60584637236076.5450.891.420.600.82
FOREXFOREX 25418810074.0253.191.150.370.79
UKLSE 1811307571.8257.690.970.180.78
IsraelTASE 132854464.3951.761.020.260.76
Vietnam HOSE 1521136974.3461.060.930.170.76
NorwayOSE 1571177074.5259.830.980.230.75
UAEUAE 1731196968.7957.980.940.190.75
ThailandSET 1511045968.8756.730.880.160.71
Poland GPW 1431025471.3352.940.890.200.70
Hong KongHKEX 1401076576.4360.750.830.160.67
DenmarkCOPENHAGEN 1531025466.6752.940.820.180.65
OmanMSM 3125980.6536.001.681.040.64
CanadaTSX 148995766.8957.580.830.200.63
South KoreaKOSDAQ 1441066873.6164.150.780.170.61
SwitzerlandSIX 1591136671.0758.410.820.210.61
SwedenSTOCKHOLM 1801377276.1152.550.810.230.58
IndiaNSE 119744162.1855.410.860.300.57
JapanTOKYO 138945268.1255.320.780.220.55
ChinaSSE 1501135975.3352.210.740.190.55
USPREFERRED 44223056131969.1143.160.970.420.55
SingaporeSGX 1641166170.7352.590.750.210.54
USFOREX 2051468271.2256.160.620.160.45
BangladeshDSE 149814254.3651.850.580.190.40
TaiwanGTSM 100663466.0051.520.610.210.39
AustraliaASX 1591065466.6750.940.670.300.37
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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