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 1/1/2020
Stock Exchange 
Per Trade 
Total Net% Descending
JapanSAPPORO 129975.00100.009.330.009.33
TurkeyBIST 47833522235273.6466.7810.150.929.23
CanadaCSE 80552724765.4746.8710.403.187.23
Vietnam HNX 93568740673.4859.107.571.276.30
ArgentinaBUE 28222917381.2175.555.930.165.77
IndonesiaIDX 35482305120464.9752.236.981.335.65
ArgentinaBUE 31972444155776.4563.716.631.095.54
EgyptEGX 141699255770.0656.156.391.285.11
RussiaMICEX 2082143282968.7857.895.130.834.30
Poland GPW 38642743148371.0754.015.631.364.27
IndiaBSE 2483316002878264.5054.835.461.334.13
BangladeshDSE 2195143077865.1554.415.321.194.12
SwedenSTOCKHOLM 84355713321467.7356.
CanadaTSX-V 2481170276368.6044.837.043.063.98
IndiaNSE 1712111435647766.8856.575.011.093.91
South KoreaKOSDAQ 139919762529869.8254.
Vietnam HOSE 32682424137774.1756.814.651.013.63
Hong KongHKEX 121908325421268.3350.574.941.413.53
UAEUAE 45933417872.7753.294.460.933.53
USOTC PINK 1789912355564470.0245.035.752.333.42
TurkeyBIST 24019713882.0870.053.740.323.41
KuwaitKSE 74054531473.6557.614.260.893.37
NorwayOSE 2645183797569.7552.854.531.183.36
TaiwanGTSM 76705504309472.1055.954.170.843.33
MalaysiaBURSA 38812721135370.1149.724.571.313.26
USNASDAQ 38830276661478071.2553.424.531.283.25
Saudi ArabiaTADAWUL 2102149692171.1761.563.620.593.04
ChinaSZSE 29365216711184873.8054.674.071.112.96
ThailandSET 45413105154468.3849.734.011.072.94
Greece ATHENS 93167334872.2951.714.061.132.93
PakistanKSE 2197150077368.2751.534.361.442.92
PhilippinesPSE 139996749469.1251.093.821.052.78
TaiwanTWSE 119368754490873.3456.073.520.802.73
JapanNAGOYA 36225113069.3451.793.560.962.59
ChinaSSE 2411017783954273.7653.663.550.972.59
QatarQE 40629816473.4055.033.330.842.49
BrazilBOVESPA 82045741310570.0054.073.370.922.45
IsraelTASE 62064430245971.3855.513.320.872.45
The World 59787043175923221772.8253.343.400.962.44
PortugalLISBON 29922411274.9250.003.250.822.43
South KoreaKRX 1412110091535271.4653.043.310.892.43
JapanFUKUOKA 73452261.6448.894.181.772.41
ChileBCS 56439522070.0455.703.160.812.35
SpainIBEX 132588947567.0953.433.280.962.32
Austria WIENERBORSE 1559117066175.0556.503.070.852.21
RussiaMICEX 25018411173.6060.332.600.492.11
MexicoBMV 29952156107571.9949.863.281.242.05
AustraliaASX 121838655424671.0449.063.381.342.04
DenmarkCOPENHAGEN 137799751372.4051.453.091.072.01
JordanASE 1731316075.7245.803.311.381.92
UKLSE 28210205451071572.8352.152.720.881.84
JapanTOKYO 48216351991821673.0051.752.800.971.83
PakistanKSE 36425616970.3366.
CanadaTSX 1686112656669675.0652.912.570.791.78
FrancePARIS 113008535469275.5354.972.290.691.61
USAMEX 89346835342476.5150.102.410.821.59
USNYSE 57825436822321275.5453.142.300.781.52
SingaporeSGX 1684120554471.5645.152.421.061.36
MexicoBMV 26519011971.7062.631.640.291.35
BelgiumBRUSSELS 115482940971.8449.342.140.861.28
ItalyBORSA 1782913732723077.0952.601.910.671.24
GermanyXETRA 26301203001097877.1954.071.830.651.18
NetherlandsAMSTERDAM 46743604192777.1153.471.690.621.07
BrazilBOVESPA 24917810171.4956.741.390.400.99
ChileBCS 25118311072.9160.111.300.310.98
SwitzerlandSIX 73355640288776.8951.191.680.730.95
IsraelTASE 2091387266.0352.171.200.330.87
Austria WIENERBORSE 1641145769.5150.001.160.320.83
FrancePARIS 1811276370.1749.611.150.330.82
ItalyBORSA 1811276370.1749.611.140.330.81
SpainIBEX 2071397967.1556.831.040.260.78
Greece ATHENS 1751236070.2948.781.110.330.77
GermanyXETRA 1721186068.6050.851.040.310.74
PortugalLISBON 1801236368.3351.221.020.310.72
Poland GPW 2411709370.5454.710.960.250.71
MalaysiaBURSA 2371679670.4657.490.950.250.69
IndonesiaIDX 2111498670.6257.720.950.260.68
NorwayOSE 27220211474.2656.440.960.290.67
JapanTOKYO 2451779772.2454.800.910.240.67
UAEUAE 31021211568.3954.250.860.190.67
ThailandSET 27019510772.2254.870.860.190.67
FOREXFOREX 44332217172.6953.110.980.340.65
NetherlandsAMSTERDAM 1821266369.2350.000.940.300.64
BelgiumBRUSSELS 1821266369.2350.000.940.300.64
OmanMSM 3225978.1336.001.681.040.64
PhilippinesPSE 2301749175.6552.300.790.210.59
UKLSE 29020510370.6950.240.850.300.56
Hong KongHKEX 25219311076.5956.990.730.180.55
South KoreaKOSDAQ 25118110772.1159.120.850.300.55
SwitzerlandSIX 2431759872.0256.000.790.260.54
Vietnam HOSE 26819710273.5151.780.740.210.53
SingaporeSGX 2621829269.4750.550.690.180.51
SwedenSTOCKHOLM 29421911574.4952.510.760.260.49
TaiwanGTSM 1801206366.6752.500.660.180.48
IndiaNSE 1881216964.3657.020.760.290.47
ChinaSSE 2451889576.7350.530.740.280.46
CanadaTSX 2561719366.8054.390.700.260.44
DenmarkCOPENHAGEN 2481718068.9546.780.700.260.43
USFOREX 34724112569.4551.870.550.200.35
BangladeshDSE 2991697356.5243.200.630.310.32
AustraliaASX 26618510169.5554.590.620.310.31
USPREFERRED 44223269.610.
USWARRANTS 4341161.980.370.000.000.00
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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