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 1521076770.3962.6218.882.3716.50
JapanSAPPORO 129975.00100.009.330.009.33
ArgentinaBUE 38129822078.2273.838.760.478.29
USWARRANTS 98724273.4758.336.711.195.51
IndiaBSE 139549096563365.1961.936.140.975.17
PakistanKSE 1494105868870.8265.035.970.815.16
South KoreaKOSDAQ 71255028312070.6561.985.850.914.94
IndiaNSE 94796380406867.3163.765.600.774.83
CanadaTSX-V 127988840369.4345.387.532.824.71
USOTC PINK 104017491366172.0248.876.511.814.70
Hong KongHKEX 79105611324970.9457.905.741.054.69
IndonesiaIDX 130285348565.5156.865.650.984.67
Vietnam HNX 49636521773.5959.455.881.304.58
TurkeyBIST 2133144591267.7463.115.240.744.50
EgyptEGX 76755932472.8857.965.281.034.25
Greece ATHENS 42130518272.4559.675.111.004.11
PhilippinesPSE 78052829967.6956.634.930.844.08
USAMEX 1789120971067.5858.735.001.013.99
Poland GPW 1966140587371.6761.964.660.783.88
Vietnam HOSE 127591754871.9259.764.690.983.71
NorwayOSE 114882048871.4359.514.660.963.70
JapanNAGOYA 29021211673.1054.724.220.533.69
ChinaSZSE 124629633611577.3063.484.550.873.68
TaiwanGTSM 37172528155068.0161.314.370.703.67
BrazilBOVESPA 22791634104871.7064.144.300.683.62
SwedenSTOCKHOLM 39032711166069.4661.234.270.783.49
Saudi ArabiaTADAWUL 102774048972.0566.083.970.493.48
BangladeshDSE 1662112865267.8757.804.300.973.33
USNASDAQ 2014614185864370.4360.924.010.753.26
RussiaMICEX 126689650870.7756.704.030.793.24
ArgentinaBUE 86674477.9165.673.360.223.13
South KoreaKRX 75085300312970.5959.043.790.693.10
UAEUAE 2261669573.4557.234.040.953.10
ChileBCS 33621814964.8868.353.340.283.06
DenmarkCOPENHAGEN 71749631769.1863.913.540.543.00
ChinaSSE 91277141433578.2460.713.700.812.89
KuwaitKSE 27019510272.2252.314.241.382.86
JordanASE 1451035171.0349.513.861.072.80
The World 29111521032412341772.2658.673.530.742.79
SpainIBEX 87460736969.4560.793.460.682.78
JapanTOKYO 26674197351185773.9960.083.500.742.76
TaiwanTWSE 55023888231870.6759.623.260.622.64
JapanFUKUOKA 55402872.7370.003.050.432.63
MalaysiaBURSA 2235159679871.4150.003.671.052.62
IsraelTASE 1810123778068.3463.063.270.692.59
ThailandSET 2212151378768.4052.023.380.922.46
PortugalLISBON 2181508568.8156.673.150.832.31
Austria WIENERBORSE 35625317071.0767.192.660.362.30
AustraliaASX 55004002215672.7653.873.180.922.27
QatarQE 1911418373.8258.872.780.622.16
UKLSE 135249743566172.0458.102.680.632.06
BelgiumBRUSSELS 78055734671.4162.122.530.532.01
MexicoBMV 135596853971.4455.682.550.711.84
Austria WIENERBORSE 57402570.1862.502.000.201.80
CanadaTSX 96367069389173.3655.042.390.591.80
ItalyBORSA 64442768.7561.361.980.201.77
FrancePARIS 64442768.7561.361.980.201.77
FrancePARIS 62054625271874.5458.772.300.541.76
Greece ATHENS 62442770.9761.361.890.201.68
ItalyBORSA 76485638320173.8956.642.200.611.59
GermanyXETRA 61412667.2163.411.680.171.51
PortugalLISBON 64452970.3164.441.710.221.49
USNYSE 32495236851343072.8956.702.030.551.48
RussiaMICEX 105775073.3364.941.900.421.48
MexicoBMV 120926176.6766.301.740.261.48
SingaporeSGX 115181436670.7244.962.450.971.47
TurkeyBIST 87724882.7666.671.790.381.42
GermanyXETRA 100947564424175.0056.021.920.541.37
FOREXFOREX 1661267375.9057.941.560.211.35
SpainIBEX 77533668.8367.921.510.171.34
NetherlandsAMSTERDAM 66462769.7058.701.500.171.33
BelgiumBRUSSELS 66462769.7058.701.500.171.33
NetherlandsAMSTERDAM 2114152885072.2855.631.710.471.24
PakistanKSE 127895770.0864.041.350.151.20
IsraelTASE 77483162.3464.581.270.101.17
PhilippinesPSE 80594073.7567.801.170.071.10
BrazilBOVESPA 102724570.5962.501.390.291.10
OmanMSM 2218581.8227.782.061.061.00
SwitzerlandSIX 37942833151474.6753.441.440.490.95
Poland GPW 92664171.7462.121.110.180.92
MalaysiaBURSA 83613673.4959.021.070.160.90
UKLSE 124915273.3957.141.050.150.90
ChileBCS 94633767.0258.731.100.210.89
Vietnam HOSE 103795476.7068.350.990.150.84
IndonesiaIDX 79583773.4263.790.970.140.83
DenmarkCOPENHAGEN 83502960.2458.000.980.160.82
ThailandSET 101724271.2958.330.940.170.78
UAEUAE 124855068.5558.820.980.210.76
JapanTOKYO 88633771.5958.730.940.170.76
CanadaTSX 103774674.7659.740.920.180.74
ChinaSSE 95673670.5353.730.910.210.70
SwedenSTOCKHOLM 111864577.4852.330.900.240.65
South KoreaKOSDAQ 102815379.4165.430.800.160.64
SingaporeSGX 106724067.9255.560.880.250.63
SwitzerlandSIX 112804871.4360.000.830.200.63
NorwayOSE 94724176.6056.940.860.240.63
TaiwanGTSM 61422568.8559.520.790.170.62
Hong KongHKEX 88714280.6859.150.770.170.61
AustraliaASX 101713970.3054.930.690.240.45
USPREFERRED 2950207191770.2044.280.770.320.44
BangladeshDSE 94623465.9654.840.580.160.42
USFOREX 141975468.7955.670.580.180.40
IndiaNSE 74432258.1151.160.670.300.37
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.

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.