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 1/1/2021
Stock Exchange 
Per Trade 
Total Net% Descending
ArgentinaBUE 28823417681.2575.2110.230.1710.06
JapanSAPPORO 129975.00100.009.330.009.33
TurkeyBIST 52813917262374.1766.969.940.929.02
CanadaCSE 79650824663.8248.4311.132.968.16
Vietnam HNX 100174243974.1359.
ArgentinaBUE 36892779178775.7163.987.111.175.94
EgyptEGX 1595112865171.1657.366.741.225.52
IndonesiaIDX 37732432126764.4652.106.711.335.38
IndiaBSE 2753417825984964.7455.255.601.324.29
Poland GPW 41942971158870.8453.455.451.354.10
IndiaNSE 1883212693726867.4057.
SwedenSTOCKHOLM 90666131346367.6356.485.271.204.08
BangladeshDSE 2238146278465.3353.635.261.214.05
CanadaTSX-V 2567177279269.0344.707.093.054.04
South KoreaKOSDAQ 1506910467562369.5553.655.091.263.83
USOTC PINK 1886312984594970.1244.985.882.273.62
NorwayOSE 27871936103869.4753.624.791.213.58
Hong KongHKEX 122918418424668.4950.444.951.413.54
TurkeyBIST 24820414482.2670.593.790.323.48
PakistanKSE 2359161387768.3854.374.841.373.47
Vietnam HOSE 32402413137274.4856.864.440.983.46
USNASDAQ 41383296631598371.6853.884.611.263.35
UAEUAE 50736619272.5852.174.300.963.34
TaiwanGTSM 82535959336172.5156.174.160.823.33
KuwaitKSE 80059333374.1356.164.210.973.24
Greece ATHENS 100672439071.9753.874.191.043.15
MalaysiaBURSA 42292973147470.3049.584.441.303.14
Saudi ArabiaTADAWUL 22951639100471.4261.263.620.593.03
ThailandSET 48923337167768.2150.253.951.052.89
ChinaSZSE 31524233471254474.0653.733.941.122.83
JapanNAGOYA 39927114267.9252.403.590.832.76
PhilippinesPSE 1493103752669.4650.723.751.022.73
TaiwanTWSE 129439516532273.5255.933.470.782.69
IsraelTASE 65634687264371.4956.333.430.872.56
PortugalLISBON 31623911875.6349.373.320.792.53
ChinaSSE 26069192441021673.8253.093.450.982.47
BrazilBOVESPA 88856252338470.3754.133.350.912.44
South KoreaKRX 1521610898581571.6953.313.250.882.37
ChileBCS 60643024470.9656.743.140.792.35
SpainIBEX 141995251667.0954.203.280.932.34
QatarQE 43931917272.6753.923.170.832.33
Austria WIENERBORSE 1622121969475.1556.933.100.852.25
DenmarkCOPENHAGEN 1421103052772.4851.
MexicoBMV 31382275116072.5050.993.311.202.11
JordanASE 1891426775.1347.183.401.362.04
AustraliaASX 128709174457471.2849.863.341.312.03
RussiaMICEX 27620011972.4659.502.430.521.91
UKLSE 29258214001133073.1452.942.720.871.85
JapanTOKYO 51487375001941372.8351.772.820.981.84
CanadaTSX 1813413664733375.3553.672.570.771.80
PakistanKSE 37926617570.1865.791.970.241.74
FrancePARIS 117938914498175.7255.782.360.671.70
USAMEX 95637362382376.9951.922.320.751.57
USNYSE 62333471932541675.7153.862.310.771.55
JapanFUKUOKA 84512560.7149.023.121.681.44
SingaporeSGX 1736123855971.3145.152.491.051.44
BelgiumBRUSSELS 119085343271.6850.642.250.841.41
ItalyBORSA 1890414608784177.2753.681.950.651.29
MexicoBMV 27820112672.3062.691.570.281.29
GermanyXETRA 28833224231248277.7755.671.900.621.28
NetherlandsAMSTERDAM 51694006220277.5054.971.740.601.15
SwitzerlandSIX 78256034314177.1152.061.760.721.04
ChileBCS 26919611972.8660.711.320.321.01
BrazilBOVESPA 26518710670.5756.681.350.400.96
IsraelTASE 2221478066.2254.421.200.310.90
FOREXFOREX 45232417171.6852.781.140.350.79
Austria WIENERBORSE 1721195869.1948.741.120.340.77
FrancePARIS 1911346570.1648.511.100.340.76
ItalyBORSA 1911346570.1648.511.100.340.75
SpainIBEX 2151448066.9855.561.010.280.74
Greece ATHENS 1831286169.9547.661.070.350.72
Poland GPW 2471769571.2653.980.940.250.69
GermanyXETRA 1821256268.6849.601.000.320.68
IndonesiaIDX 2251569069.3357.690.920.250.67
PortugalLISBON 1881286468.0950.000.990.330.66
JapanTOKYO 2531809971.1555.000.890.240.66
NorwayOSE 28721312074.2256.340.930.280.65
ThailandSET 29221111572.2654.500.850.210.64
MalaysiaBURSA 25618110370.7056.910.880.240.64
OmanMSM 3225978.1336.001.681.040.64
UAEUAE 32021711667.8153.460.840.200.64
PhilippinesPSE 2421819474.7951.930.800.200.59
BelgiumBRUSSELS 1931346669.4349.250.900.310.59
NetherlandsAMSTERDAM 1931346669.4349.250.900.310.59
South KoreaKOSDAQ 27019611772.5959.690.850.290.56
Hong KongHKEX 26119811375.8657.070.730.170.56
UKLSE 29721110571.0449.760.840.290.55
SwitzerlandSIX 2471769871.2655.680.790.260.53
Vietnam HOSE 29021511074.1451.160.720.220.49
SingaporeSGX 2791929768.8250.520.660.170.49
IndiaNSE 1911237064.4056.910.760.280.48
SwedenSTOCKHOLM 30022311774.3352.470.740.270.48
TaiwanGTSM 1871266567.3851.590.640.170.47
CanadaTSX 2591739566.8054.910.700.260.44
ChinaSSE 2632009776.0548.500.710.280.43
DenmarkCOPENHAGEN 2581768368.2247.160.680.270.41
USFOREX 35924812769.0851.210.540.190.34
BangladeshDSE 3031727456.7743.020.630.310.33
AustraliaASX 27819210569.0654.690.600.310.30
USPREFERRED 44223269.610.
USWARRANTS 4341161.980.370.000.000.00
RussiaMICEX 20930068.610.
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.

Candlesticker.com is an independent and free website and all the Services provided by Americanbulls.com LLC at Candlesticker.com are completely free of charge. Americanbulls.com LLC does not receive compensation by any direct or indirect means from the visitors and users of this website (or of any other bulls.com© family websites), and from the stocks, securities and other institutions or any underwriters or dealers associated with the broader national or international forex, commodity and stock markets.

You agree that Candlesticker.com and Americanbulls.com LLC its parent company, subsidiaries, affiliates, officers and employees shall not be liable for any direct, indirect, incidental, special or consequential damages.