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 1/1/2014
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
CanadaCSE 68503173.5362.0017.082.6414.44
JapanSAPPORO 129975.00100.009.330.009.33
ArgentinaBUE 27121515779.3473.029.180.488.70
USWARRANTS 78593675.6461.027.291.036.25
PakistanKSE 120686457171.6466.096.270.825.46
IndiaBSE 113407468465165.8662.286.220.965.26
IndiaNSE 75265088326567.7764.025.640.754.89
Hong KongHKEX 62764479261371.3758.345.721.034.69
South KoreaKOSDAQ 55383921239770.9561.015.590.914.68
Vietnam HNX 40030217975.5059.275.751.154.61
IndonesiaIDX 94962335665.6557.145.490.974.52
EgyptEGX 57742524273.6656.945.561.064.50
TurkeyBIST 1706116271968.1161.885.110.744.37
CanadaTSX-V 91965229170.9544.637.192.874.32
USOTC PINK 78075615275772.1448.956.051.754.30
Greece ATHENS 31022213271.6159.465.281.004.28
ChinaSZSE 95787503491378.3465.484.990.824.17
BrazilBOVESPA 1785129385072.8365.384.730.724.01
Poland GPW 1666120376372.4563.214.790.803.99
SwedenSTOCKHOLM 28932033123270.3860.514.600.783.81
NorwayOSE 93966839771.5759.084.791.073.72
TaiwanGTSM 28251925119368.1461.974.410.693.72
UAEUAE 1791357775.4257.044.560.933.63
Saudi ArabiaTADAWUL 73352234071.2165.134.080.513.57
Vietnam HOSE 92668439073.8757.024.631.063.57
RussiaMICEX 99572941873.2757.344.280.773.51
BangladeshDSE 132491554469.1159.454.380.973.41
PhilippinesPSE 58940323068.4257.074.160.753.40
ChinaSSE 70725627354579.5763.004.060.763.31
JapanNAGOYA 2101488870.4859.463.600.463.14
DenmarkCOPENHAGEN 59341026169.1463.663.710.573.14
IsraelTASE 139196762269.5264.323.710.663.05
South KoreaKRX 57294020241170.1959.963.710.663.05
KuwaitKSE 1871437076.4748.954.501.483.02
ChileBCS 25416111363.3970.193.220.252.97
USAMEX 2225156790670.5657.713.660.762.90
JapanTOKYO 2052715230913174.1959.953.540.722.82
MalaysiaBURSA 1811132466573.1150.233.801.012.79
JapanFUKUOKA 46342573.9173.533.090.382.71
The World 24358217708710402772.7458.713.400.712.69
ThailandSET 1774124565870.1852.853.600.922.68
TaiwanTWSE 41582941176970.7360.153.260.622.64
Austria WIENERBORSE 52392375.0058.972.740.212.54
JordanASE 121843869.4245.243.681.142.54
SpainIBEX 68947928669.5259.713.220.772.45
ItalyBORSA 57432575.4458.142.650.212.44
FrancePARIS 57432575.4458.142.650.212.44
AustraliaASX 41283027163673.3354.053.330.892.44
Greece ATHENS 57432575.4458.142.560.212.35
PortugalLISBON 1671126067.0753.573.260.942.32
Austria WIENERBORSE 28219913570.5767.842.660.362.30
QatarQE 1451096375.1757.802.940.652.29
ArgentinaBUE 84654377.3866.152.540.262.28
GermanyXETRA 55402472.7360.002.400.182.23
USNASDAQ 24561176541013371.9657.342.880.682.20
UKLSE 105567659445372.5758.132.760.642.12
PortugalLISBON 59452776.2760.002.310.222.09
BelgiumBRUSSELS 65646929471.4962.692.550.532.02
NetherlandsAMSTERDAM 58442575.8656.822.180.201.98
BelgiumBRUSSELS 58442575.8656.822.180.201.98
CanadaTSX 75665575310473.6855.682.470.591.88
SpainIBEX 70533475.7164.152.020.151.87
FrancePARIS 49493680214974.3658.402.320.551.77
OmanMSM 2016680.0037.502.630.881.75
MexicoBMV 105472339369.2653.842.390.721.67
CanadaTSX 90694676.6766.671.800.131.67
ItalyBORSA 59094367245073.9056.102.260.641.63
SingaporeSGX 94966930970.5046.192.570.981.60
BrazilBOVESPA 95674270.5362.691.810.271.54
RussiaMICEX 91664372.5365.151.850.381.47
MexicoBMV 103794976.7062.031.770.331.44
USNYSE 25728188931071673.4556.701.990.561.43
TurkeyBIST 75573576.0061.401.860.461.40
GermanyXETRA 77365726315174.2054.901.860.571.29
FOREXFOREX 130966273.8564.581.390.211.18
NetherlandsAMSTERDAM 1690118865770.3055.301.680.511.17
JapanTOKYO 74543872.9770.371.300.151.15
UKLSE 99835483.8465.061.290.161.13
IsraelTASE 60422570.0059.521.260.141.12
ChileBCS 75492965.3359.181.310.201.10
Vietnam HOSE 96664568.7568.181.240.151.09
AustraliaASX 71533574.6566.041.230.250.98
MalaysiaBURSA 81593372.8455.931.120.150.97
NorwayOSE 77563272.7357.141.180.210.96
DenmarkCOPENHAGEN 73452661.6457.781.200.240.96
SwitzerlandSIX 30332284119875.3052.451.430.500.93
Poland GPW 71513071.8358.821.120.220.90
ThailandSET 82613574.3957.381.050.160.89
ChinaSSE 99683968.6957.351.030.180.85
PakistanKSE 91573162.6454.391.040.190.84
Hong KongHKEX 77603577.9258.331.000.200.80
TaiwanGTSM 69432762.3262.790.910.140.77
UAEUAE 1631065765.0353.770.910.150.75
SwedenSTOCKHOLM 89663474.1651.520.980.240.74
South KoreaKOSDAQ 83654578.3169.230.910.170.74
IndonesiaIDX 84613172.6250.820.890.180.70
PhilippinesPSE 68492772.0655.100.780.100.67
SingaporeSGX 89643571.9154.690.890.220.67
BangladeshDSE 80513063.7558.820.690.080.61
SwitzerlandSIX 89613668.5459.020.740.230.51
USPREFERRED 2577180881370.1644.970.780.330.45
IndiaNSE 99532953.5454.720.680.250.43
USFOREX 1561004764.1047.000.520.150.37
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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