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 1/1/2018
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
CanadaCSE 64243122767.4552.4215.153.0312.12
USWARRANTS 1821326672.5350.0013.052.8010.25
JapanSAPPORO 129975.00100.009.330.009.33
TurkeyBIST 36172526160669.9863.458.040.917.13
IndonesiaIDX 2572169793165.9854.866.801.195.60
ArgentinaBUE 115785454474.5963.046.381.105.28
Poland GPW 34042450136872.1255.726.501.295.21
CanadaTSX-V 2313162177870.0848.008.152.985.18
EgyptEGX 1399101355672.4154.896.231.284.94
Vietnam HNX 64847028672.5360.856.141.234.91
USOTC PINK 1989314024639270.7445.427.352.514.84
PakistanKSE 2294162794570.9258.085.731.154.59
South KoreaKOSDAQ 122248630481070.6155.735.431.134.30
IndiaBSE 2114713763765765.1155.615.571.294.28
IndiaNSE 1504710135583967.4257.565.281.054.23
ArgentinaBUE 18815010979.7972.674.320.174.15
JapanNAGOYA 38226714369.9053.564.820.843.98
SwedenSTOCKHOLM 75195239302569.7757.665.021.063.96
BangladeshDSE 2409162388467.3754.474.951.073.87
Hong KongHKEX 119568316443969.5653.385.121.283.83
NorwayOSE 2117151182271.3754.404.861.083.77
PhilippinesPSE 140295549868.1252.154.681.023.66
Vietnam HOSE 25951921109674.0357.054.540.953.59
TaiwanGTSM 66974700267370.1856.874.250.813.44
MalaysiaBURSA 35782462121168.8149.194.701.313.39
USNASDAQ 34467246121349371.5254.744.521.143.39
BrazilBOVESPA 55764041235573.0357.834.210.903.32
ThailandSET 39352745143969.7652.424.290.993.30
KuwaitKSE 58644324075.6054.184.341.083.26
Greece ATHENS 77058029675.3251.034.531.313.22
Saudi ArabiaTADAWUL 1947142486573.1460.743.740.653.09
RussiaMICEX 2338158284869.2552.383.780.852.93
TaiwanTWSE 105187707437973.2756.823.540.732.81
South KoreaKRX 122508756484971.4855.383.640.832.80
JordanASE 1721255672.6744.804.011.222.79
IsraelTASE 44093161181971.8157.453.610.842.77
DenmarkCOPENHAGEN 125791951673.1156.153.460.822.64
ChinaSZSE 2435918502988375.9653.423.811.182.63
SpainIBEX 134394853270.5956.123.460.862.60
The World 53646539389221365673.4854.203.450.932.53
UAEUAE 38327713472.3248.383.541.052.49
PortugalLISBON 27519910372.3651.763.160.892.26
MexicoBMV 2587188099172.7152.683.140.942.21
ChinaSSE 1796213479702575.0452.123.231.022.20
AustraliaASX 107627810388072.6349.643.351.152.19
JapanTOKYO 45051331411768673.5653.373.120.972.16
Austria WIENERBORSE 69552330075.2557.362.970.842.13
ChileBCS 53736020367.0456.392.690.652.03
TurkeyBIST 1651329680.0072.732.260.311.95
USAMEX 63604752247674.8751.992.770.841.93
UKLSE 2500018355991873.4554.012.660.751.91
CanadaTSX 1640112392657275.5753.032.610.731.88
BelgiumBRUSSELS 117086645374.0252.312.460.781.67
FrancePARIS 106868159460376.3556.422.300.631.67
MexicoBMV 21015410173.3365.581.860.271.58
QatarQE 36326812873.8347.762.430.851.57
USNYSE 50952384042064375.4153.732.270.731.55
RussiaMICEX 1821368174.7359.562.010.471.54
JapanFUKUOKA 65432366.1553.493.161.631.53
SingaporeSGX 1679124356274.0345.212.481.001.48
GermanyXETRA 2023715705861377.6854.791.890.571.32
BrazilBOVESPA 1811328372.9362.881.600.331.27
ItalyBORSA 1482411499606377.5752.731.930.651.27
FOREXFOREX 35126013474.0751.541.580.391.19
PakistanKSE 24516710468.1662.281.340.201.14
NetherlandsAMSTERDAM 39613080166377.7653.991.610.541.08
ChileBCS 1761268071.5963.491.260.251.02
ItalyBORSA 130914770.0051.651.260.310.96
FrancePARIS 130914770.0051.651.260.310.96
Austria WIENERBORSE 120844370.0051.191.250.300.95
SwitzerlandSIX 67615223273577.8451.971.490.580.90
Greece ATHENS 129904569.7750.001.200.310.89
GermanyXETRA 123844568.2953.571.140.270.87
UAEUAE 2131458168.0855.861.030.180.85
PortugalLISBON 131904868.7053.331.130.300.83
SpainIBEX 1511025867.5556.861.050.250.80
NetherlandsAMSTERDAM 133924969.1753.261.050.260.79
BelgiumBRUSSELS 133924969.1753.261.050.260.79
IsraelTASE 148975065.5451.551.040.260.78
USPREFERRED 46993340155871.0846.651.210.440.77
IndonesiaIDX 1461056271.9259.050.950.210.74
Poland GPW 1691226772.1954.920.920.200.72
MalaysiaBURSA 1761297373.3056.590.970.260.71
SwitzerlandSIX 1941367770.1056.620.910.250.66
NorwayOSE 1821377875.2756.930.910.270.64
OmanMSM 3225978.1336.001.681.040.64
Hong KongHKEX 1761367877.2757.350.790.160.63
PhilippinesPSE 1661276976.5154.330.780.170.61
ThailandSET 1861307169.8954.620.770.160.61
UKLSE 2151498069.3053.690.880.280.60
Vietnam HOSE 1961447873.4754.170.780.200.58
SwedenSTOCKHOLM 2031528174.8853.290.800.220.58
South KoreaKOSDAQ 1721278473.8466.140.760.190.57
IndiaNSE 141935265.9655.910.810.260.55
SingaporeSGX 1851307070.2753.850.740.210.53
DenmarkCOPENHAGEN 1841236066.8548.780.760.240.52
CanadaTSX 1781186266.2952.540.780.270.51
JapanTOKYO 1681176569.6455.560.710.220.49
USFOREX 2601849970.7753.800.580.170.41
ChinaSSE 1731326676.3050.000.660.260.40
TaiwanGTSM 118783866.1048.720.590.210.38
AustraliaASX 1871236265.7850.410.670.350.32
BangladeshDSE 1851014754.5946.530.550.240.32
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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