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
CanadaCSE 2711698864.9450.0014.313.1311.19
JapanSAPPORO 129975.00100.009.330.009.33
USWARRANTS 23181278.2666.678.721.836.89
ArgentinaBUE 43733422576.6667.166.080.815.28
EgyptEGX 76956131372.9555.795.621.244.38
PakistanKSE 132792752269.8656.315.461.134.33
TurkeyBIST 1966130977666.5859.285.110.894.22
Vietnam HNX 43732118473.4657.325.371.284.09
IndonesiaIDX 140992449565.5853.575.201.184.02
PhilippinesPSE 81255428868.2351.994.701.053.65
IndiaBSE 127188102425663.7452.504.861.353.52
IndiaNSE 89495991337167.0156.214.581.073.51
Greece ATHENS 43632017473.3954.384.701.223.48
South KoreaKOSDAQ 68904841259270.2953.524.641.183.46
Hong KongHKEX 73205170277070.6853.544.631.213.42
BangladeshDSE 1565103955666.3953.514.411.063.34
ArgentinaBUE 113866076.1169.773.510.203.31
CanadaTSX-V 137492140567.0343.976.553.293.26
JapanNAGOYA 2491819072.6949.724.060.823.24
BrazilBOVESPA 24881821106673.1958.544.010.883.12
USOTC PINK 105207529326871.7743.285.532.433.10
TaiwanGTSM 36382499138668.6955.463.790.842.96
JordanASE 131954272.5244.214.261.362.91
Poland GPW 1765126767972.0153.424.001.122.88
NorwayOSE 114880443470.0353.983.991.202.79
Vietnam HOSE 1407100655071.5054.673.871.102.77
SwedenSTOCKHOLM 41672882161369.1655.973.720.972.75
KuwaitKSE 2902079671.3846.384.061.322.73
USNASDAQ 1973614016752971.0853.673.741.032.71
RussiaMICEX 121783442168.8650.243.530.982.56
SpainIBEX 86460433269.9154.973.370.872.50
Saudi ArabiaTADAWUL 102572039770.2455.143.070.752.32
DenmarkCOPENHAGEN 67948527571.4356.703.050.752.30
ChileBCS 34823113266.3857.142.740.472.26
UAEUAE 2081446869.2347.223.311.052.26
TaiwanTWSE 56934092225971.8855.212.970.722.25
ThailandSET 2116144772068.3849.763.180.942.24
IsraelTASE 1846126770568.6355.643.030.892.13
ChinaSZSE 128459762502076.0051.423.261.212.05
JapanTOKYO 26292194351032073.9253.103.000.972.03
The World 28867020952810979972.6152.382.970.942.03
South KoreaKRX 75805361280370.7752.262.840.822.02
USAMEX 29932155109472.0050.772.850.931.92
MalaysiaBURSA 1973137964569.8946.773.121.221.90
ChinaSSE 95377259371276.1151.142.841.041.80
PortugalLISBON 1791236468.7252.032.801.021.78
Austria WIENERBORSE 35926815574.6557.842.450.701.75
TurkeyBIST 103845681.5566.672.070.371.70
BelgiumBRUSSELS 69550425772.5250.992.250.691.56
AustraliaASX 56404142202273.4448.822.631.091.54
Austria WIENERBORSE 77523167.5359.621.710.211.50
UKLSE 135359904517273.1752.222.230.781.45
ItalyBORSA 85573367.0657.891.680.251.44
FrancePARIS 85573367.0657.891.680.251.44
MexicoBMV 134296349571.7651.402.310.881.43
FrancePARIS 59544493246075.4654.752.020.631.39
Greece ATHENS 84573367.8657.891.610.231.39
QatarQE 1971487175.1347.972.140.801.34
CanadaTSX 96347125353073.9649.542.060.741.33
RussiaMICEX 120905775.0063.331.740.441.30
SingaporeSGX 106578131573.3340.332.301.031.28
GermanyXETRA 82543265.8559.261.440.221.22
MexicoBMV 1571188175.1668.641.460.251.21
PortugalLISBON 87593567.8259.321.460.251.20
ItalyBORSA 77685861304175.4551.891.940.741.20
SpainIBEX 100674367.0064.181.330.211.12
USNYSE 31877235941206774.0251.141.830.711.12
PakistanKSE 1721207469.7761.671.240.151.09
BelgiumBRUSSELS 90613567.7857.381.300.211.08
NetherlandsAMSTERDAM 90613567.7857.381.300.211.08
GermanyXETRA 100947668397076.0551.721.690.631.06
PhilippinesPSE 97724874.2366.671.080.071.01
BrazilBOVESPA 135985772.5958.161.310.380.93
FOREXFOREX 2021497773.7651.681.220.360.86
ChileBCS 111744366.6758.
NetherlandsAMSTERDAM 2158164986176.4152.211.400.570.83
UKLSE 1501116574.0058.560.990.170.82
DenmarkCOPENHAGEN 111683961.2657.350.910.130.78
UAEUAE 140985870.0059.180.990.210.78
SwitzerlandSIX 36222777141476.6750.921.330.560.77
Poland GPW 110804672.7357.500.950.200.75
MalaysiaBURSA 111824973.8759.760.930.200.73
IsraelTASE 103663564.0853.030.950.230.73
CanadaTSX 122825067.2160.980.900.180.72
IndonesiaIDX 105774973.3363.640.840.160.69
Vietnam HOSE 130966073.8562.500.890.200.69
ThailandSET 116814669.8356.790.860.190.68
Hong KongHKEX 110885280.0059.090.820.150.67
South KoreaKOSDAQ 116885875.8665.910.800.150.65
SwitzerlandSIX 127905470.8760.000.860.220.63
SwedenSTOCKHOLM 1461156278.7753.910.840.230.62
ChinaSSE 115834472.1753.010.800.200.59
NorwayOSE 125955876.0061.050.830.240.59
JapanTOKYO 112794570.5456.960.780.220.57
SingaporeSGX 129904769.7752.220.730.220.51
TaiwanGTSM 75492665.3353.060.690.180.51
USFOREX 1661166569.8856.030.620.180.44
IndiaNSE 91543059.3455.560.650.260.39
BangladeshDSE 124703856.4554.290.560.190.37
AustraliaASX 137924467.1547.830.600.320.28
USPREFERRED 2977210187170.5741.460.680.400.28
JapanFUKUOKA 53372069.8154.052.031.890.14
OmanMSM 1614587.5035.711.071.50-0.43
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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