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 1/1/2017
Stock Exchange 
Per Trade 
Total Net% Descending
CanadaCSE 41527514266.2751.6413.833.3210.51
JapanSAPPORO 129975.00100.009.330.009.33
ArgentinaBUE 76658137875.8565.067.601.006.60
TurkeyBIST 35882495155069.5462.127.060.866.20
Poland GPW 31452254127171.6756.395.691.174.52
ArgentinaBUE 1551218878.0672.734.520.174.36
PakistanKSE 2247159691871.0357.525.491.144.35
CanadaTSX-V 2009138864969.0946.767.283.074.21
JapanNAGOYA 38927715271.2154.874.850.694.16
South KoreaKOSDAQ 119828446457170.4954.
Vietnam HNX 65548327873.7457.565.281.283.99
IndiaBSE 2075513389727564.5154.345.221.363.86
Hong KongHKEX 124458707463569.9653.235.081.323.76
IndiaNSE 144899662542766.6956.174.841.113.73
SwedenSTOCKHOLM 69514838274269.6056.684.741.033.71
EgyptEGX 128693848972.9452.134.971.303.67
IndonesiaIDX 2242146176465.1752.294.801.243.56
BrazilBOVESPA 43103136187072.7659.634.210.873.34
PhilippinesPSE 129886344366.4951.334.311.043.27
USOTC PINK 1870113163588771.1944.225.572.373.20
TaiwanGTSM 65344590258670.2556.344.060.863.19
NorwayOSE 1888133270770.5553.
ChinaSZSE 2351618153987777.1954.414.211.232.99
Saudi ArabiaTADAWUL 1800130678272.5659.883.610.642.97
UAEUAE 37527614073.6050.724.001.052.95
BangladeshDSE 2480165387566.6552.934.141.202.94
Vietnam HOSE 2345167891871.5654.714.021.092.93
USNASDAQ 32857232431260970.7454.253.981.092.89
DenmarkCOPENHAGEN 122787249371.0756.543.570.802.77
JordanASE 1821295870.8844.964.061.302.76
Greece ATHENS 68350024473.2148.804.211.462.75
MalaysiaBURSA 35102476119470.5448.223.991.312.68
South KoreaKRX 118558435452871.1553.683.530.922.62
RussiaMICEX 2109148375970.3251.183.641.032.62
IsraelTASE 34562394134669.2756.223.470.922.55
ThailandSET 37362577129468.9850.213.521.022.50
KuwaitKSE 50036317972.6049.313.771.282.48
ChinaSSE 1718813202692176.8152.423.581.112.47
TaiwanTWSE 100777297404672.4155.453.230.762.46
The World 48415535187318814572.7253.443.330.962.37
Austria WIENERBORSE 34325815475.2259.693.170.852.31
JapanTOKYO 44332326041776073.5554.473.150.942.21
ChileBCS 52634920866.3559.602.660.582.09
SpainIBEX 132292250469.7454.662.930.862.06
USAMEX 52843873200773.3051.822.950.902.05
AustraliaASX 94836912339772.8949.
TurkeyBIST 1471188680.2772.882.150.281.87
MexicoBMV 2322166084871.4951.082.730.921.81
USWARRANTS 53401775.4742.504.983.181.80
UKLSE 2296916688896972.6853.722.550.761.79
QatarQE 35326313174.5049.812.500.771.73
CanadaTSX 1561111621597574.4451.422.450.721.73
MexicoBMV 1901439675.2667.131.960.241.71
RussiaMICEX 1631217474.2361.162.080.451.63
FrancePARIS 103327742428974.9355.402.160.651.51
JapanFUKUOKA 79563170.8955.363.041.551.48
PortugalLISBON 31622510771.2047.562.581.131.45
BelgiumBRUSSELS 117384844672.2952.592.220.821.40
USNYSE 50827378571989774.4852.562.080.721.36
PakistanKSE 2111469469.1964.381.490.141.35
BrazilBOVESPA 1631187272.3961.021.640.341.30
ItalyBORSA 1339310108526975.4752.131.930.701.23
SingaporeSGX 1711124253072.5942.672.291.071.22
GermanyXETRA 1833113977753076.3953.771.780.621.16
Austria WIENERBORSE 98683769.3954.411.380.221.16
ItalyBORSA 107743969.1652.701.360.241.12
FrancePARIS 107743969.1652.701.360.241.12
ChileBCS 1541096970.7863.301.280.191.08
Greece ATHENS 106743969.8152.701.310.241.07
GermanyXETRA 101683767.3354.411.210.220.99
PortugalLISBON 108744168.5255.411.230.260.97
NetherlandsAMSTERDAM 36662725145974.3353.541.550.580.97
UAEUAE 1851257367.5758.401.130.180.94
MalaysiaBURSA 1451076573.7960.751.110.190.93
SpainIBEX 127845066.1459.521.120.200.92
NetherlandsAMSTERDAM 111764168.4753.951.090.210.88
BelgiumBRUSSELS 111764168.4753.951.090.210.88
SwitzerlandSIX 64674945253976.4751.341.480.600.88
FOREXFOREX 27921011175.2752.861.260.390.88
IndonesiaIDX 125925773.6061.960.990.170.82
IsraelTASE 138904865.2253.331.060.240.81
PhilippinesPSE 1331005975.1959.000.900.090.81
SwitzerlandSIX 1661166869.8858.621.010.220.79
Vietnam HOSE 1611187373.2961.860.910.160.75
UKLSE 1881357571.8155.560.930.210.73
NorwayOSE 1641227274.3959.020.950.240.71
CanadaTSX 1561035966.0357.280.880.190.69
USPREFERRED 49563458154169.7744.561.090.410.67
ThailandSET 1581096168.9955.960.830.170.67
Hong KongHKEX 1471106774.8360.910.820.150.66
Poland GPW 1471065572.1151.890.860.200.66
OmanMSM 3125980.6536.001.681.040.64
IndiaNSE 123784563.4157.690.910.280.63
DenmarkCOPENHAGEN 1601065566.2551.890.800.180.62
South KoreaKOSDAQ 1491097073.1564.220.780.170.61
SwedenSTOCKHOLM 1861407475.2752.860.810.240.57
ChinaSSE 1521135974.3452.210.740.190.55
SingaporeSGX 1721206369.7752.500.750.210.54
JapanTOKYO 1441005569.4455.000.760.220.54
USFOREX 2201578671.3654.780.590.170.42
TaiwanGTSM 102683666.6752.940.590.210.38
BangladeshDSE 153834354.2551.810.570.190.37
AustraliaASX 1621075466.0550.470.660.320.35
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.