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 1/1/2016
Stock Exchange 
Per Trade 
Total Net% Descending
JapanSAPPORO 129975.00100.009.330.009.33
CanadaCSE 3212019965.7346.9211.803.098.71
ArgentinaBUE 60846631276.6466.958.061.037.03
Vietnam HNX 74755831974.7057.175.601.324.28
ArgentinaBUE 125987178.4072.454.380.184.19
TurkeyBIST 34082350138368.9658.854.990.844.15
IndiaBSE 2214814339773564.7453.945.391.413.98
Hong KongHKEX 125198813471670.4053.515.191.233.96
IndiaNSE 1514910102568566.7456.
IndonesiaIDX 2321154482366.5253.305.001.113.89
South KoreaKOSDAQ 119788469457370.7054.
PakistanKSE 2319160890369.3456.164.911.203.71
ChinaSZSE 2251017354984777.0956.744.441.103.34
Poland GPW 30252149118171.0454.964.311.063.24
JordanASE 2391657969.0447.884.461.253.21
SwedenSTOCKHOLM 64564482248969.4255.534.130.973.17
EgyptEGX 128292546472.1550.164.431.323.11
TaiwanGTSM 64704475247969.1755.403.910.893.03
JapanNAGOYA 38628515573.8354.393.690.712.99
BangladeshDSE 2564169490266.0753.
USWARRANTS 29231279.3152.174.831.912.91
PhilippinesPSE 138494749768.4252.483.901.022.88
CanadaTSX-V 1759119550467.9442.186.353.492.86
NorwayOSE 1825127568969.8654.043.981.132.85
RussiaMICEX 1964136770569.6051.573.871.032.85
ChinaSSE 1630512552698276.9855.623.780.972.81
USOTC PINK 1768212578550871.5543.545.042.272.77
BrazilBOVESPA 40032897169072.3758.343.560.852.70
Vietnam HOSE 2203158684471.9953.223.831.152.68
Greece ATHENS 67347522770.5847.794.061.482.58
USNASDAQ 32186225921216670.2253.833.521.012.50
South KoreaKRX 129069184498671.1654.293.300.822.48
Saudi ArabiaTADAWUL 1663117466970.6056.983.130.662.47
ThailandSET 37632608131669.3150.463.430.992.45
KuwaitKSE 45733315972.8747.753.681.282.40
DenmarkCOPENHAGEN 118784948271.5256.773.070.712.36
IsraelTASE 29092002111968.8255.893.210.942.27
The World 47912534709018579872.4653.513.130.922.21
JapanTOKYO 44393328151784773.9254.393.110.912.20
MalaysiaBURSA 36392578125270.8448.563.351.172.18
ChileBCS 56338022267.5058.422.610.432.17
TaiwanTWSE 96986992385572.1055.132.890.732.16
UAEUAE 36726913473.3049.813.051.012.04
PortugalLISBON 33423512270.3651.912.960.932.03
SpainIBEX 141799754870.3654.962.930.912.02
QatarQE 36227313475.4149.082.750.811.93
TurkeyBIST 106865881.1367.442.100.361.74
USAMEX 48483470175071.5850.432.650.961.70
AustraliaASX 88606475321273.0949.602.751.081.67
MexicoBMV 2194157080371.5651.152.450.861.59
BelgiumBRUSSELS 128692348271.7752.222.210.681.54
JapanFUKUOKA 79563570.8962.502.801.291.52
Austria WIENERBORSE 63647126774.0656.692.150.641.51
UKLSE 2174915637826671.9052.862.250.761.49
CanadaTSX 1533911265567973.4450.412.100.671.42
FrancePARIS 104057774430874.7155.422.040.611.42
PakistanKSE 1871288268.4564.061.460.141.32
Austria WIENERBORSE 85583268.2455.171.530.241.29
ItalyBORSA 93633467.7453.971.520.271.25
FrancePARIS 93633467.7453.971.520.271.25
ItalyBORSA 128279674515375.4253.271.900.661.23
Greece ATHENS 92633468.4853.971.460.251.21
MexicoBMV 1701278574.7166.931.430.241.19
RussiaMICEX 1361016174.2660.401.670.491.19
OmanMSM 48381779.1744.742.391.211.18
USNYSE 51559379201977073.5552.141.810.661.15
GermanyXETRA 1720413147720376.4254.791.720.591.13
GermanyXETRA 88583265.9155.171.330.241.09
NetherlandsAMSTERDAM 35912673148374.4455.481.610.541.07
SingaporeSGX 1882138056573.3340.942.091.041.05
PortugalLISBON 95643567.3754.691.330.281.05
SpainIBEX 111744466.6759.461.190.220.97
NetherlandsAMSTERDAM 96653567.7153.851.200.230.97
BelgiumBRUSSELS 96653567.7153.851.200.230.97
ChileBCS 130874966.9256.321.110.220.90
BrazilBOVESPA 1461056171.9258.101.240.360.88
PhilippinesPSE 111845175.6860.710.950.080.87
FOREXFOREX 2211638473.7651.531.170.360.81
UKLSE 1681227472.6260.660.970.160.80
SwitzerlandSIX 60934629234875.9750.721.340.550.79
Vietnam HOSE 1421066574.6561.320.910.180.73
IsraelTASE 122814166.3950.620.980.260.72
UAEUAE 1591096268.5556.880.930.210.72
DenmarkCOPENHAGEN 131834663.3655.420.880.170.71
IndonesiaIDX 111825273.8763.410.880.180.70
MalaysiaBURSA 120885273.3359.090.900.200.69
Poland GPW 122904873.7753.330.880.200.68
CanadaTSX 133915368.4258.240.860.190.67
ThailandSET 130915170.0056.040.840.160.67
SwitzerlandSIX 1421016271.1361.390.890.230.66
NorwayOSE 1391056175.5458.100.880.240.64
Hong KongHKEX 124985979.0360.200.780.140.63
South KoreaKOSDAQ 123936075.6164.520.770.150.62
JapanTOKYO 125874969.6056.320.790.220.57
SwedenSTOCKHOLM 1651276676.9751.970.810.240.57
ChinaSSE 134995173.8851.520.760.200.56
SingaporeSGX 1461055571.9252.380.730.210.52
IndiaNSE 107663761.6856.060.760.270.48
USFOREX 1861327270.9754.550.590.180.41
TaiwanGTSM 84562866.6750.000.630.230.39
BangladeshDSE 132743956.0652.700.540.180.36
AustraliaASX 147985066.6751.020.630.300.34
USPREFERRED 46013175134369.0142.300.660.360.31
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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