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
JapanSAPPORO 129975.00100.009.330.009.33
CanadaCSE 34021010565.2947.3012.213.278.94
ArgentinaBUE 56142127975.0466.277.560.976.59
TurkeyBIST 31392161129668.8459.976.010.865.15
PakistanKSE 1967137879070.0657.335.371.144.24
ArgentinaBUE 1321037378.0370.874.220.194.03
Vietnam HNX 59844425774.2557.885.271.264.01
IndonesiaIDX 2020132168965.4052.164.921.213.71
Hong KongHKEX 111107798413870.2053.064.981.303.68
South KoreaKOSDAQ 105647415392470.2652.874.911.253.66
IndiaBSE 1879612071648064.2253.684.971.373.60
IndiaNSE 130428650479666.4055.384.601.123.47
JapanNAGOYA 35625913772.7552.904.130.723.41
CanadaTSX-V 1676113549167.7243.266.673.373.30
SwedenSTOCKHOLM 60554174233368.9355.894.280.983.30
EgyptEGX 107277740072.4851.484.541.303.23
PhilippinesPSE 118179340667.1551.204.281.053.23
Greece ATHENS 60444021772.8549.324.661.433.23
BrazilBOVESPA 37332742164273.4559.884.080.863.22
Poland GPW 26221877103971.5955.354.211.043.18
TaiwanGTSM 55703877215769.6155.643.850.853.00
BangladeshDSE 2342157282967.1252.744.121.192.93
JordanASE 1731205069.3641.674.101.332.78
ChinaSZSE 2003015422827676.9953.663.991.232.76
USOTC PINK 1573311124486571.2543.405.092.342.75
Vietnam HOSE 2000141375970.6553.723.841.142.70
USNASDAQ 29224206101113270.5653.983.671.012.66
NorwayOSE 1613112359669.6253.073.671.042.64
Saudi ArabiaTADAWUL 1511108161871.5457.173.180.662.52
DenmarkCOPENHAGEN 105074442770.8657.393.220.722.50
RussiaMICEX 1814126464769.6851.193.531.032.50
USWARRANTS 30251383.3352.004.642.162.48
IsraelTASE 26521804100968.0255.933.280.922.36
UAEUAE 32623911873.3149.373.331.012.32
KuwaitKSE 43631315071.7947.923.541.272.27
ChinaSSE 1478111385592577.0252.043.311.102.21
TaiwanTWSE 86126203340372.0354.862.940.752.19
MalaysiaBURSA 30702163101670.5546.913.391.232.16
ChileBCS 47231118365.8958.842.610.442.16
JapanTOKYO 39015286941555873.5554.223.040.922.12
South KoreaKRX 115808235428671.1152.053.000.882.12
The World 43203931338216604372.5752.963.030.932.10
ThailandSET 32122198106668.4348.503.071.012.06
SpainIBEX 119583144569.5453.552.850.911.94
USAMEX 45603316169372.7251.062.690.901.79
TurkeyBIST 114946582.4669.152.090.331.76
AustraliaASX 81515941290372.9048.862.771.091.68
QatarQE 30222110773.1848.422.420.761.66
UKLSE 1973714321755372.5852.722.270.771.50
Austria WIENERBORSE 60544424073.3954.052.170.681.50
MexicoBMV 1970141771871.9350.672.370.891.49
CanadaTSX 1370210116508373.8350.252.180.711.47
BelgiumBRUSSELS 106176539772.1051.902.180.821.36
FrancePARIS 92916960383374.9155.071.970.621.35
PakistanKSE 1891298368.2564.341.460.141.32
Austria WIENERBORSE 86603269.7753.331.480.231.25
PortugalLISBON 2841998970.0744.722.431.211.23
ItalyBORSA 94653469.1552.311.480.261.22
FrancePARIS 94653469.1552.311.480.261.22
JapanFUKUOKA 88583365.9156.902.601.401.21
USNYSE 45751339151766174.1352.071.860.681.18
RussiaMICEX 1371026174.4559.801.660.481.18
Greece ATHENS 93653469.8952.311.420.251.17
ItalyBORSA 115508716456975.4652.421.810.691.12
MexicoBMV 1791348874.8665.671.360.251.10
GermanyXETRA 88593267.0554.241.310.241.07
PortugalLISBON 96663668.7554.551.300.271.03
GermanyXETRA 1549311819623976.3252.771.640.621.02
SingaporeSGX 1537112045672.8740.712.101.081.02
ChileBCS 141915364.5458.241.220.221.00
SpainIBEX 111754467.5758.671.170.210.96
NetherlandsAMSTERDAM 96663568.7553.031.180.230.95
BelgiumBRUSSELS 96663568.7553.031.180.230.95
BrazilBOVESPA 1481056170.9558.101.300.360.93
NetherlandsAMSTERDAM 32022382126674.3953.151.470.550.91
PhilippinesPSE 118875373.7360.920.940.080.86
FOREXFOREX 2241658573.6651.521.160.350.81
UKLSE 1681227272.6259.020.960.180.78
SwitzerlandSIX 54494164210776.4250.601.300.560.74
MalaysiaBURSA 122895372.9559.550.930.200.73
Vietnam HOSE 1441086775.0062.040.890.180.71
IsraelTASE 123824266.6751.220.960.260.71
UAEUAE 1621116468.5257.660.910.210.70
IndonesiaIDX 112835274.1162.650.870.180.69
OmanMSM 2922775.8631.821.821.140.68
Hong KongHKEX 1291006177.5261.000.820.140.68
CanadaTSX 136915366.9158.240.860.190.67
Poland GPW 128924971.8853.260.860.200.66
DenmarkCOPENHAGEN 137894764.9652.810.820.160.66
ThailandSET 134914967.9153.850.840.180.66
SwitzerlandSIX 1441046272.2259.620.870.220.64
NorwayOSE 1441086275.0057.410.850.230.62
South KoreaKOSDAQ 126946074.6063.830.770.160.61
SwedenSTOCKHOLM 1681296876.7952.710.830.240.59
JapanTOKYO 128895069.5356.180.800.210.58
ChinaSSE 1401035273.5750.490.730.200.52
SingaporeSGX 1491085672.4851.850.710.200.51
IndiaNSE 112693761.6153.620.750.290.46
USFOREX 1891357371.4354.070.590.180.41
TaiwanGTSM 88583065.9151.720.620.220.40
AustraliaASX 1491005167.1151.000.650.300.35
BangladeshDSE 136773956.6250.650.520.190.32
USPREFERRED 42702959125769.3042.480.670.360.30
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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