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 1/1/2019
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
ArgentinaBUE 24419414179.5172.684.330.184.15
TurkeyBIST 19816111481.3170.813.350.343.01
RussiaMICEX 2061509272.8261.332.210.471.73
PakistanKSE 31822314770.1365.921.640.211.43
MexicoBMV 24918111272.6961.881.640.301.34
ChileBCS 23217110973.7163.741.350.231.11
BrazilBOVESPA 2291659772.0558.791.440.381.06
Austria WIENERBORSE 1481035269.5950.491.190.290.90
ItalyBORSA 1651165870.3050.001.170.300.87
FrancePARIS 1651165870.3050.001.170.300.87
JapanFUKUOKA 736565.7510.420.920.060.86
Greece ATHENS 1581105469.6249.091.150.300.85
SpainIBEX 1861267267.7457.141.030.230.80
GermanyXETRA 1561075568.5951.401.070.270.79
PortugalLISBON 1631115768.1051.351.060.280.78
NorwayOSE 24617910572.7658.661.020.270.75
MalaysiaBURSA 2081468470.1957.531.000.260.74
BelgiumBRUSSELS 1661155969.2851.301.000.260.74
NetherlandsAMSTERDAM 1661155969.2851.301.000.260.74
IsraelTASE 1871226265.2450.821.050.330.72
UAEUAE 2661819968.0554.700.900.190.71
JapanTOKYO 2141518570.5656.290.930.240.70
IndonesiaIDX 1871347871.6658.210.950.250.69
FOREXFOREX 39629415474.2452.381.030.350.68
ThailandSET 2261599170.3557.230.850.180.67
Poland GPW 2131548272.3053.250.920.250.67
PhilippinesPSE 2051558375.6153.550.830.180.65
UKLSE 2571819470.4351.930.910.270.64
OmanMSM 3225978.1336.001.681.040.64
SwitzerlandSIX 2251619371.5657.760.850.250.60
South KoreaKOSDAQ 22416310072.7761.350.870.280.59
SingaporeSGX 2251568369.3353.210.780.190.58
SwedenSTOCKHOLM 25818910173.2653.440.800.220.58
IndiaNSE 1701096464.1258.720.830.260.57
Hong KongHKEX 2181669476.1556.630.720.160.55
Vietnam HOSE 2371749073.4251.720.730.210.52
CanadaTSX 2311528465.8055.260.750.240.51
DenmarkCOPENHAGEN 2221537668.9249.670.730.240.49
BangladeshDSE 2421396657.4447.480.710.250.45
ChinaSSE 2081597876.4449.060.690.280.40
USFOREX 29921311271.2452.580.560.180.38
TaiwanGTSM 147994867.3548.480.590.220.36
AustraliaASX 2421639167.3655.830.650.310.34
EgyptEGX 15016271.820.190.100.010.09
ThailandSET 44976668.690.190.090.000.09
JapanNAGOYA 4114268.370.710.070.000.07
PortugalLISBON 30411673.682.680.070.040.03
Vietnam HOSE 30536473.600.180.030.000.03
The World 5724497919453072.541.090.030.010.02
KuwaitKSE 74210875.741.420.020.000.02
TurkeyBIST 44465572.060.160.020.000.02
DenmarkCOPENHAGEN 13775472.690.400.020.000.02
PakistanKSE 23012268.970.130.010.000.01
IsraelTASE 582213971.060.220.010.000.01
BangladeshDSE 25034365.520.180.010.000.01
NorwayOSE 24136469.540.240.010.010.01
IndonesiaIDX 32712265.240.090.010.000.01
TaiwanGTSM 73889670.950.110.010.000.01
TaiwanTWSE 115505372.550.040.010.000.01
NetherlandsAMSTERDAM 422010876.520.250.010.000.01
USNASDAQ 385529870.910.030.010.000.00
SwedenSTOCKHOLM 82075367.880.050.010.000.00
UAEUAE 4181172.730.330.000.000.00
USAMEX 79431174.910.020.000.000.00
ChinaSSE 223247673.550.040.000.000.00
South KoreaKRX 135862271.490.020.000.000.00
GermanyXETRA 239012176.990.010.000.000.00
AustraliaASX 1194016971.480.110.000.000.00
USPREFERRED 44223269.610.060.000.000.00
UKLSE 271652172.710.010.000.000.00
USNYSE 5753110574.800.010.000.000.00
QatarQE 3894172.240.360.010.010.00
IndiaNSE 164466366.310.030.000.000.00
USWARRANTS 4341161.980.370.000.000.00
FrancePARIS 1125912775.730.080.000.000.00
JapanTOKYO 480704272.340.010.000.000.00
JordanASE 1790078.210.000.000.000.00
MalaysiaBURSA 39610069.400.000.000.000.00
MexicoBMV 30500072.130.000.000.000.00
Saudi ArabiaTADAWUL 20100072.340.000.000.000.00
CanadaCSE 7940064.230.000.000.000.00
CanadaTSX-V 26140068.210.000.000.000.00
BrazilBOVESPA 70310070.800.000.000.000.00
SwitzerlandSIX 73720076.860.000.000.000.00
Austria WIENERBORSE 9870076.600.000.000.000.00
ArgentinaBUE 22240074.550.000.000.000.00
BelgiumBRUSSELS 11940071.110.000.000.000.00
ChinaSZSE 277130074.280.000.000.000.00
ChileBCS 5880068.540.000.000.000.00
SpainIBEX 13570068.090.000.000.000.00
Greece ATHENS 8900072.920.000.000.000.00
USOTC PINK 158210070.860.000.000.000.00
SingaporeSGX 17440072.080.000.000.000.00
Vietnam HNX 9310071.110.000.000.000.00
CanadaTSX 168696274.880.020.000.000.00
Poland GPW 37758370.200.110.000.000.00
IndiaBSE 233798263.910.010.000.000.00
ItalyBORSA 167068376.850.020.000.000.00
South KoreaKOSDAQ 136624170.280.010.000.000.00
Hong KongHKEX 123667168.640.010.000.000.00
RussiaMICEX 22853066.260.000.000.000.00
PhilippinesPSE 15034267.660.200.010.01-0.01
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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