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.
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.
Pattern Performance in Stock Exchanges since 1/1/2018
Stock Exchange 
Per Trade 
Total Net% Descending
CanadaCSE 68646324367.4952.4815.343.1012.24
USWARRANTS 2201578271.3652.2312.072.649.43
JapanSAPPORO 129975.00100.009.330.009.33
TurkeyBIST 37622618166070.0263.027.850.896.95
IndonesiaIDX 2740180799065.9554.797.271.216.06
Vietnam HNX 73754133173.4161.186.511.225.29
CanadaTSX-V 2392166679569.6547.728.172.965.21
Poland GPW 35662557142571.8555.626.341.305.04
EgyptEGX 1457105758472.5555.256.211.304.92
USOTC PINK 2096814747666570.7344.947.512.604.91
ArgentinaBUE 132498260074.6260.735.841.174.67
PakistanKSE 2378167796270.5257.365.621.174.45
IndiaBSE 2190414266793065.1355.595.561.294.27
South KoreaKOSDAQ 125668877492070.6455.425.401.154.25
IndiaNSE 1557510498604467.4257.565.261.054.21
ArgentinaBUE 19815511178.2871.614.220.174.05
BangladeshDSE 2514170594267.8255.
SwedenSTOCKHOLM 77135390309669.9257.415.081.084.00
Hong KongHKEX 123388561457369.3953.425.191.283.91
JapanNAGOYA 40028114970.5052.844.620.833.79
NorwayOSE 2231159286371.4054.174.831.073.76
UAEUAE 38928413973.0148.944.751.073.67
Vietnam HOSE 27652062118674.5857.524.600.963.64
PhilippinesPSE 143798150968.2751.894.641.003.64
TaiwanGTSM 68834812271569.9156.424.230.823.41
MalaysiaBURSA 37482587127969.0249.444.691.303.40
ThailandSET 41252889152370.0452.724.340.993.36
USNASDAQ 35909256071396271.3854.474.501.143.36
KuwaitKSE 62546925175.0453.524.331.093.24
BrazilBOVESPA 58674237243072.4457.184.100.933.17
Greece ATHENS 82361331074.4850.574.471.313.16
Saudi ArabiaTADAWUL 2017147189172.9360.573.710.653.06
RussiaMICEX 2478167088968.9352.053.780.852.93
JordanASE 1771296072.8846.514.091.232.85
South KoreaKRX 126369030498471.4655.193.620.832.79
TaiwanTWSE 108247903445673.0156.383.480.742.74
IsraelTASE 46913367195271.8257.943.530.812.72
ChinaSZSE 25490193641035975.9753.503.851.182.67
The World 55662140849822098373.4454.063.460.932.52
SpainIBEX 136396053770.4355.943.350.842.51
DenmarkCOPENHAGEN 131295952973.0955.163.360.872.49
ChinaSSE 1885214148742275.0552.463.281.022.27
Austria WIENERBORSE 75856833174.9358.273.060.812.25
AustraliaASX 112788212409472.8149.853.361.162.20
JapanTOKYO 46819344691840173.6253.383.120.972.15
PortugalLISBON 28120410672.6051.963.040.902.14
MexicoBMV 27151966103072.4152.393.090.962.13
ChileBCS 55337421367.6356.952.670.652.02
JapanFUKUOKA 76512767.1152.943.471.491.98
TurkeyBIST 1671339679.6472.182.240.311.93
UKLSE 25982190681025073.4253.732.630.761.88
USAMEX 67505064260275.0751.352.670.841.83
CanadaTSX 1723413041685075.7052.512.530.731.80
FrancePARIS 111018473477376.3356.332.280.631.66
BelgiumBRUSSELS 121889546773.4852.182.450.791.66
MexicoBMV 21315610273.2465.381.830.271.56
QatarQE 37627613473.4048.552.400.841.56
RussiaMICEX 1831378274.8659.852.000.471.53
USNYSE 52941398792130875.3553.412.230.731.51
SingaporeSGX 1725126557073.3345.062.451.001.45
GermanyXETRA 2119916468897177.7354.441.880.571.31
FOREXFOREX 36126613873.6851.881.660.391.27
ItalyBORSA 1541711961626277.5852.351.910.661.25
BrazilBOVESPA 1911388372.2560.141.530.351.18
PakistanKSE 26618311768.8063.931.300.191.11
NetherlandsAMSTERDAM 40953175172177.7554.051.620.531.10
ChileBCS 1911388672.2562.321.200.230.96
SwitzerlandSIX 70545438283477.8851.581.520.580.94
Austria WIENERBORSE 126904571.4350.
ItalyBORSA 137984971.5350.
FrancePARIS 137984971.5350.
Greece ATHENS 135964771.1148.961.140.290.84
UAEUAE 2191498368.0455.701.010.190.83
GermanyXETRA 129904769.7752.
USPREFERRED 45953256151970.8646.651.230.430.80
PortugalLISBON 137955069.3452.631.080.280.80
SpainIBEX 1571086068.7955.561.000.230.77
IsraelTASE 154995264.2952.531.030.270.76
NetherlandsAMSTERDAM 139985170.5052.
BelgiumBRUSSELS 139985170.5052.
IndonesiaIDX 1491066271.1458.490.940.240.71
MalaysiaBURSA 1801297271.6755.810.960.260.70
Poland GPW 1751276872.5753.540.890.210.68
SwitzerlandSIX 1981408170.7157.860.900.240.66
OmanMSM 3225978.1336.001.681.040.64
ThailandSET 1961397870.9256.120.800.170.63
NorwayOSE 1871428075.9456.340.900.270.63
Hong KongHKEX 1801377976.1157.660.780.170.61
PhilippinesPSE 1701297075.8854.260.780.160.61
UKLSE 2191538169.8652.940.860.270.59
SwedenSTOCKHOLM 2101558373.8153.550.780.220.56
Vietnam HOSE 2051508073.1753.330.760.210.55
IndiaNSE 145935164.1454.840.810.270.54
South KoreaKOSDAQ 1791298572.0765.890.740.210.53
SingaporeSGX 1951357169.2352.590.720.200.52
CanadaTSX 1861236666.1353.660.760.260.50
DenmarkCOPENHAGEN 1881276167.5548.030.750.240.50
JapanTOKYO 1751226669.7154.100.690.240.45
USFOREX 26718910270.7953.970.560.170.39
ChinaSSE 1801366675.5648.530.640.260.38
TaiwanGTSM 124833966.9446.990.550.220.34
AustraliaASX 2031357066.5051.850.640.330.31
BangladeshDSE 1971095055.3345.870.530.260.28
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


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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