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 1/1/2019
Stock Exchange 
Per Trade 
Total Net% Descending
JapanSAPPORO 129975.00100.009.330.009.33
CanadaCSE 77549924764.3949.5012.473.229.25
TurkeyBIST 38892749177870.6964.688.970.928.05
Vietnam HNX 86963338372.8460.518.521.357.17
USWARRANTS 39724912262.7249.009.923.266.65
IndonesiaIDX 29371920103565.3753.917.411.246.17
Poland GPW 35522491134770.1954.036.271.404.87
EgyptEGX 136798953872.3554.405.891.364.53
IndiaBSE 2081613170728163.3155.255.801.304.49
USOTC PINK 2026113805621068.8044.557.012.654.35
IndiaNSE 147139681557965.8057.635.371.064.31
CanadaTSX-V 2486169978268.3446.
South KoreaKOSDAQ 123658621478669.7455.505.341.174.17
SwedenSTOCKHOLM 76225204294268.2856.535.261.114.15
Vietnam HOSE 28582127122774.4257.695.111.014.10
ArgentinaBUE 1862135778872.9358.035.331.274.05
JapanNAGOYA 39027214369.7452.574.770.774.00
Hong KongHKEX 115597900414668.3552.485.291.323.97
ArgentinaBUE 23018013078.2672.
NorwayOSE 2209154285669.8155.514.971.123.85
BangladeshDSE 2344154381365.8352.694.911.173.74
UAEUAE 38027715272.8954.874.711.043.68
PakistanKSE 2138148781469.5554.744.981.323.66
KuwaitKSE 69152229375.5456.134.410.963.45
TaiwanGTSM 68154824269870.7955.934.260.823.44
USNASDAQ 34703243651328070.2154.504.591.213.38
PhilippinesPSE 138693248867.2452.364.310.983.34
ThailandSET 41392833143168.4550.514.291.033.26
MalaysiaBURSA 36622526123768.9848.974.541.353.20
Greece ATHENS 82760330872.9151.084.351.223.13
TurkeyBIST 19115511181.1571.613.430.333.10
ChinaSZSE 25379189271065574.5856.304.181.073.10
BrazilBOVESPA 61434328242770.4556.083.710.902.81
Saudi ArabiaTADAWUL 1869135482172.4560.643.390.582.81
South KoreaKRX 123528787483871.1455.063.640.842.80
RussiaMICEX 2046133972666.3253.503.650.932.72
TaiwanTWSE 106737734431772.4655.823.470.762.71
ChinaSSE 1897613979770373.7055.083.560.922.64
IsraelTASE 52603734209870.9956.193.450.892.56
The World 54603039493421448572.3654.293.480.942.54
PortugalLISBON 28521010873.6851.433.210.822.40
JapanFUKUOKA 67452667.1657.783.931.562.38
SpainIBEX 125885545867.9753.573.230.932.30
DenmarkCOPENHAGEN 126190648971.8553.973.230.962.27
FOREXFOREX 41330616674.0954.252.580.362.22
MexicoBMV 28102006103771.3951.693.261.092.17
AustraliaASX 113558059396070.9849.133.421.262.16
Austria WIENERBORSE 95973341976.4357.163.050.902.16
QatarQE 36326113571.9051.722.980.902.09
JapanTOKYO 44146318311705072.1053.563.020.942.08
ChileBCS 54337320968.6956.032.760.742.02
CanadaTSX 1578011776633874.6353.822.690.731.96
UKLSE 2515718191968072.3153.212.670.801.87
BelgiumBRUSSELS 111980642472.0352.612.510.681.83
RussiaMICEX 1981509275.7661.332.210.471.73
FrancePARIS 105307925446275.2656.302.340.631.71
USAMEX 68965069254273.5150.152.520.841.68
JordanASE 1651275776.9744.883.071.451.62
USNYSE 49641368151989574.1654.042.310.721.60
MexicoBMV 24217811173.5562.361.670.291.38
GermanyXETRA 2186616708921276.4155.141.920.591.33
ItalyBORSA 1557011901629776.4452.911.960.631.33
SingaporeSGX 1644118953672.3245.
PakistanKSE 30521313869.8464.791.450.201.24
NetherlandsAMSTERDAM 39042961163975.8555.351.710.521.20
BrazilBOVESPA 2161579272.6958.601.460.371.10
SwitzerlandSIX 68685275276176.8152.341.620.650.97
Austria WIENERBORSE 142995169.7251.521.240.270.97
ItalyBORSA 1571115670.7050.451.220.290.93
FrancePARIS 1571115670.7050.451.220.290.93
ChileBCS 2171589772.8161.391.160.240.92
Greece ATHENS 1521065369.7450.
SpainIBEX 1771206867.8056.671.070.230.84
PortugalLISBON 1551065668.3952.831.110.270.84
GermanyXETRA 1491035369.1351.461.100.260.83
USPREFERRED 42702952135069.1345.731.230.450.78
NetherlandsAMSTERDAM 1591115769.8151.351.030.250.77
BelgiumBRUSSELS 1591115769.8151.351.030.250.77
JapanTOKYO 2061448269.9056.940.990.220.77
MalaysiaBURSA 1981418171.2157.451.000.250.75
NorwayOSE 2261669873.4559.
UAEUAE 2511709567.7355.880.920.190.74
IndonesiaIDX 1761257371.0258.400.950.240.71
ThailandSET 2181528869.7257.890.880.160.71
Poland GPW 2001447572.0052.080.940.240.70
PhilippinesPSE 1891427675.1353.520.820.170.65
IsraelTASE 1711115664.9150.450.970.320.65
South KoreaKOSDAQ 2141559772.4362.580.880.240.65
OmanMSM 3225978.1336.001.681.040.64
SwedenSTOCKHOLM 2451819773.8853.590.830.220.61
SwitzerlandSIX 2181579072.0257.320.860.260.60
SingaporeSGX 2181538170.1852.940.780.200.58
UKLSE 2451708769.3951.180.840.270.56
Hong KongHKEX 2101609076.1956.250.710.160.56
IndiaNSE 1631056064.4257.140.790.270.52
Vietnam HOSE 2281688773.6851.790.720.210.51
DenmarkCOPENHAGEN 2101436968.1048.250.750.240.51
CanadaTSX 2161448066.6755.560.730.240.49
ChinaSSE 1941467275.2649.320.680.270.41
TaiwanGTSM 141954667.3848.420.580.210.37
BangladeshDSE 2201265857.2746.030.630.260.37
USFOREX 28920410770.5952.450.530.180.35
AustraliaASX 2251538368.0054.250.630.310.32
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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