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 1/1/2016
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
CanadaCSE 2381517265.9745.8614.663.3211.34
JapanSAPPORO 129975.00100.009.330.009.33
USWARRANTS 20161180.0068.759.441.947.50
ArgentinaBUE 41331821677.2467.716.350.775.58
EgyptEGX 75655431373.2856.505.671.214.46
PakistanKSE 130591551870.1156.615.521.104.42
Vietnam HNX 42030818073.3358.445.561.304.26
TurkeyBIST 1900127375667.0059.395.090.894.20
IndonesiaIDX 134888446965.5853.055.081.193.89
PhilippinesPSE 77453427968.9952.254.721.043.68
IndiaBSE 122967882416764.1352.844.931.343.59
IndiaNSE 86505814330067.2856.704.621.063.57
Greece ATHENS 41630316472.8454.134.731.203.53
South KoreaKOSDAQ 65914609247069.9653.574.691.183.51
Hong KongHKEX 70695009269270.8653.744.661.203.46
ArgentinaBUE 109805573.3968.753.640.203.44
BangladeshDSE 1512101253966.9353.264.461.063.40
JapanNAGOYA 2371748773.4250.004.160.823.33
CanadaTSX-V 131688839267.4844.146.563.313.25
USOTC PINK 99197143313172.1543.755.642.413.23
BrazilBOVESPA 23681744102473.6558.724.070.883.19
JordanASE 127914271.6546.154.451.273.18
USAMEX 1571107455368.3651.494.581.423.16
KuwaitKSE 2751999472.3647.244.301.283.02
TaiwanGTSM 34462366130868.6655.283.820.842.98
Poland GPW 1712123065972.0853.404.031.122.91
USNASDAQ 1873813313719871.0654.063.821.022.80
Vietnam HOSE 134796653371.7155.183.831.062.77
NorwayOSE 107975440669.8853.853.921.182.74
SwedenSTOCKHOLM 38782683149869.1955.833.630.962.67
RussiaMICEX 116680440769.3050.373.620.972.65
SpainIBEX 82057231069.7654.203.480.872.62
Saudi ArabiaTADAWUL 97868938070.4555.153.120.752.36
DenmarkCOPENHAGEN 66047827272.4256.903.070.742.33
ThailandSET 2026138469968.3150.513.250.922.32
ChileBCS 34222713166.3757.712.780.472.31
TaiwanTWSE 53843860213671.6955.342.950.722.23
UAEUAE 2021396468.8146.043.221.092.12
IsraelTASE 1750121266869.2655.123.020.902.12
JapanTOKYO 2490518485995774.2253.873.070.962.11
The World 27372519882810457372.6652.583.010.942.07
South KoreaKRX 71735050264770.4052.422.860.822.04
ChinaSZSE 122759398486376.5651.753.171.181.99
MalaysiaBURSA 1880131361669.8446.923.181.191.99
TurkeyBIST 97795481.4468.352.250.341.91
PortugalLISBON 1731186268.2152.542.881.041.84
Austria WIENERBORSE 32724113973.7057.682.480.701.78
ChinaSSE 91347005360476.6951.452.771.021.76
Austria WIENERBORSE 72503069.4460.001.760.201.56
AustraliaASX 53453924192873.4149.132.661.111.55
ItalyBORSA 80553268.7558.181.730.241.49
FrancePARIS 80553268.7558.181.730.241.49
UKLSE 128349343483572.8051.752.260.801.46
Greece ATHENS 79553269.6258.181.650.221.44
MexicoBMV 129493047571.8751.082.330.901.44
BelgiumBRUSSELS 66648224272.3750.212.110.701.41
FrancePARIS 56724259232075.0954.472.030.631.40
CanadaTSX 91936801337873.9849.672.080.751.33
SingaporeSGX 101774730373.4540.562.341.021.32
RussiaMICEX 119895574.7961.801.750.451.30
GermanyXETRA 77523167.5359.621.480.211.27
PortugalLISBON 82573469.5159.651.490.251.25
MexicoBMV 1551168074.8468.971.480.241.24
ItalyBORSA 73845570288375.4351.761.930.741.19
SpainIBEX 95654268.4264.621.350.201.15
USNYSE 30292224031150673.9651.361.860.711.15
NetherlandsAMSTERDAM 85593469.4157.631.320.201.12
BelgiumBRUSSELS 85593469.4157.631.320.201.12
PakistanKSE 1661157169.2861.741.240.151.10
QatarQE 1851386474.5946.381.900.861.04
PhilippinesPSE 96714873.9667.611.100.071.03
GermanyXETRA 95387239367775.9850.741.660.641.02
BrazilBOVESPA 127915371.6558.241.360.370.99
FOREXFOREX 1971467774.1152.741.250.350.90
UKLSE 1461086573.9760.191.020.160.86
ChileBCS 107744369.1658.111.080.230.85
DenmarkCOPENHAGEN 107643959.8160.940.970.130.84
NetherlandsAMSTERDAM 2055156881576.3051.981.420.580.84
IsraelTASE 95623565.2656.451.020.190.82
Poland GPW 107774571.9658.440.990.190.79
UAEUAE 140985870.0059.180.990.210.78
SwitzerlandSIX 34422637133976.6150.781.330.560.77
ThailandSET 111794571.1756.960.900.180.72
MalaysiaBURSA 108794573.1556.960.920.200.72
IndonesiaIDX 104754972.1265.330.870.150.72
CanadaTSX 118825069.4960.980.900.180.72
Hong KongHKEX 106855080.1958.820.850.150.69
Vietnam HOSE 123945976.4262.770.890.200.69
South KoreaKOSDAQ 112855775.8967.060.790.150.64
SwitzerlandSIX 123875170.7358.620.860.230.63
ChinaSSE 114814471.0554.320.810.200.62
NorwayOSE 122935876.2362.370.850.240.61
JapanTOKYO 108764470.3757.890.820.210.61
SwedenSTOCKHOLM 1441126077.7853.570.820.230.59
TaiwanGTSM 73482765.7556.250.730.170.56
SingaporeSGX 128894769.5352.810.740.220.52
USFOREX 1621146470.3756.140.630.180.45
IndiaNSE 88522859.0953.850.650.270.38
BangladeshDSE 116703860.3454.290.560.190.37
USPREFERRED 2741192779370.3041.150.700.410.30
AustraliaASX 131864265.6548.840.580.300.28
JapanFUKUOKA 50352070.0057.142.141.910.23
OmanMSM 1513486.6730.770.921.69-0.77
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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