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 44629414965.9250.6813.563.3910.17
JapanSAPPORO 129975.00100.009.330.009.33
USWARRANTS 75562874.6750.0011.212.988.23
ArgentinaBUE 86465743476.1665.967.841.096.75
TurkeyBIST 37182598162269.8862.437.450.896.56
Poland GPW 33322381133271.5255.905.601.204.40
ArgentinaBUE 1611279378.8873.234.490.174.32
CanadaTSX-V 2120146768269.2046.497.363.064.30
PakistanKSE 2326165094770.9457.395.441.164.27
JapanNAGOYA 39227915271.1754.484.990.754.25
South KoreaKOSDAQ 124268749475470.4154.345.291.224.07
Vietnam HNX 66148527973.3757.535.141.253.89
IndiaBSE 2166113959759664.4854.395.191.363.83
IndiaNSE 1511110048566666.5256.374.891.103.79
Hong KongHKEX 128418949475769.7153.145.091.323.76
EgyptEGX 135999151872.9252.275.061.313.75
NorwayOSE 1986141476471.2054.034.741.033.70
IndonesiaIDX 2374155583265.5053.504.861.193.67
SwedenSTOCKHOLM 73155068286269.2856.474.671.043.63
PhilippinesPSE 136891847867.1152.074.551.013.54
USOTC PINK 1940613654614171.1844.465.662.363.30
BrazilBOVESPA 45913326197972.6659.324.100.893.21
TaiwanGTSM 67764766267970.3456.214.040.863.18
Saudi ArabiaTADAWUL 1888136881972.4659.873.700.643.06
BangladeshDSE 2548169589866.5252.984.211.213.01
USNASDAQ 34283242791322670.8854.434.081.102.98
Vietnam HOSE 2495179797372.0254.154.041.082.96
ChinaSZSE 24401187661016576.9154.164.181.242.94
MalaysiaBURSA 36992599127070.2648.864.171.292.88
UAEUAE 39028914774.1050.873.931.082.86
DenmarkCOPENHAGEN 128191451771.3556.563.570.792.79
JordanASE 1741235670.6945.534.101.322.78
Greece ATHENS 71252125373.1748.564.231.462.77
IsraelTASE 37112585147669.6657.103.610.892.72
ThailandSET 38892691137469.2251.043.631.002.63
KuwaitKSE 53038819573.2150.263.861.232.63
South KoreaKRX 123428767471271.0953.703.520.912.61
RussiaMICEX 2202153979169.8951.403.601.012.59
TaiwanTWSE 105027613424372.4955.733.270.752.51
Austria WIENERBORSE 42431718474.7658.043.320.872.45
ChinaSSE 1787213665715076.4652.323.541.102.43
The World 52256538062520459772.9153.703.320.952.37
SpainIBEX 137995752769.4055.073.080.862.22
JapanTOKYO 45952337451831573.4454.273.150.952.20
AustraliaASX 101137391367673.1049.723.311.142.17
USAMEX 55384073212473.5552.152.970.892.08
ChileBCS 54035620965.9358.712.670.612.06
TurkeyBIST 1561259080.1372.002.290.331.96
JapanFUKUOKA 75513068.0058.823.411.491.92
MexicoBMV 2437173388571.1151.072.850.931.92
PortugalLISBON 33023911372.4247.282.911.071.84
UKLSE 2396317323936672.5553.882.580.751.83
CanadaTSX 1606311974620474.5651.802.530.731.81
QatarQE 36527013673.9750.372.510.771.74
MexicoBMV 1921449675.0066.671.940.271.67
FrancePARIS 107868096450975.1155.662.260.641.62
RussiaMICEX 1701267674.1260.322.060.461.60
BelgiumBRUSSELS 121987846172.0352.512.340.811.53
USNYSE 52143388642055474.5652.872.150.721.44
PakistanKSE 2161489468.5263.511.470.181.28
BrazilBOVESPA 1671227473.0560.661.600.341.25
SingaporeSGX 1784129655972.6543.132.331.081.25
ItalyBORSA 1396410508552275.6752.261.910.681.23
GermanyXETRA 1910714559787576.4153.941.820.611.20
NetherlandsAMSTERDAM 38002825152674.3454.021.640.561.07
Austria WIENERBORSE 105723768.5751.391.320.291.03
ItalyBORSA 114784068.4251.281.330.311.03
FrancePARIS 114784068.4251.281.330.311.03
ChileBCS 1601137170.6362.831.250.251.00
Greece ATHENS 114783968.4250.001.260.310.95
GermanyXETRA 107713866.3653.521.200.270.93
SwitzerlandSIX 64784940253776.2651.361.520.600.92
UAEUAE 1901307568.4257.691.090.180.92
PortugalLISBON 114774167.5453.251.190.300.90
SpainIBEX 133875065.4157.471.090.240.85
FOREXFOREX 28621511275.1752.091.240.390.85
NetherlandsAMSTERDAM 117794267.5253.161.090.250.84
BelgiumBRUSSELS 117794267.5253.161.090.250.84
MalaysiaBURSA 1531136673.8658.411.060.250.81
IsraelTASE 143924864.3452.171.040.260.78
IndonesiaIDX 129945772.8760.640.970.190.78
PhilippinesPSE 1401065975.7155.660.850.140.71
SwitzerlandSIX 1721237271.5158.540.960.250.71
NorwayOSE 1681267375.0057.940.950.270.68
Poland GPW 1511095872.1953.210.870.190.68
USPREFERRED 49813493158570.1345.381.100.420.68
UKLSE 1931387671.5055.070.920.250.67
Hong KongHKEX 1531167075.8260.340.820.150.67
ThailandSET 1601096168.1355.960.830.170.67
Vietnam HOSE 1721267473.2658.730.860.190.67
OmanMSM 3225978.1336.001.681.040.64
IndiaNSE 129824763.5757.320.890.280.61
CanadaTSX 1641086065.8555.560.850.250.60
SwedenSTOCKHOLM 1861407475.2752.860.830.240.59
South KoreaKOSDAQ 1511117173.5163.960.770.210.57
DenmarkCOPENHAGEN 1651105566.6750.000.770.250.53
SingaporeSGX 1781256570.2252.000.720.220.50
ChinaSSE 1571186175.1651.690.720.240.48
JapanTOKYO 1511065770.2053.770.720.240.48
USFOREX 2341679171.3754.490.590.160.43
TaiwanGTSM 104703667.3151.430.570.210.36
BangladeshDSE 158864254.4348.840.550.220.33
AustraliaASX 1691125666.2750.000.650.370.29
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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