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 2811718763.7048.6014.253.1511.09
JapanSAPPORO 129975.00100.009.330.009.33
USWARRANTS 24181275.0066.678.721.836.89
ArgentinaBUE 47335723875.9066.305.990.815.18
PakistanKSE 136394352969.1956.105.401.144.25
EgyptEGX 79557331572.0854.975.511.274.24
TurkeyBIST 2085139982367.1058.835.000.884.12
Vietnam HNX 44031918172.5056.745.211.273.94
IndonesiaIDX 1508100253166.4552.995.021.153.86
Greece ATHENS 45433618274.0154.174.881.243.64
PhilippinesPSE 86559031068.2152.544.651.063.59
CanadaTSX-V 134889839966.8444.286.813.313.50
BangladeshDSE 1649110059466.7154.004.471.043.43
IndiaNSE 92766186346366.7555.934.501.083.42
South KoreaKOSDAQ 72115079268970.4652.924.591.193.40
IndiaBSE 132148411440663.6852.364.761.363.40
Hong KongHKEX 76735393286970.3453.164.511.203.32
ArgentinaBUE 114876076.3268.973.470.213.26
BrazilBOVESPA 26491939115273.5459.144.070.873.20
JapanNAGOYA 2591899672.9750.793.980.793.20
USOTC PINK 111857983349371.5643.645.512.413.10
SwedenSTOCKHOLM 43733034170869.3856.304.000.963.04
JordanASE 135974371.8544.334.351.382.97
Poland GPW 1836131870972.0053.633.961.112.85
TaiwanGTSM 38882685148269.0655.203.680.842.84
Vietnam HOSE 1491106557771.4354.183.771.062.71
USNASDAQ 2067314612782370.8553.413.671.032.64
RussiaMICEX 129688845368.8350.783.570.972.60
KuwaitKSE 31022110071.2945.253.871.302.57
NorwayOSE 120783944869.6853.273.731.172.56
SpainIBEX 88161533869.8154.963.380.872.52
Saudi ArabiaTADAWUL 109177643371.1355.803.040.722.32
DenmarkCOPENHAGEN 72251429071.1956.423.050.742.32
ThailandSET 2279157879569.2450.383.220.922.30
ChileBCS 35723913566.9556.492.720.482.24
UAEUAE 2181517069.2746.363.281.052.23
TaiwanTWSE 61214435243772.4654.952.900.732.18
IsraelTASE 1927132574268.7656.003.030.902.12
The World 30410422091911571772.6952.352.930.941.99
JapanTOKYO 27740204961082373.8952.812.960.971.99
ChinaSZSE 1362710365528676.0651.003.201.231.97
South KoreaKRX 80515698293970.8151.552.740.821.93
MalaysiaBURSA 2068144667369.9246.543.081.231.86
USAMEX 32452346119572.3050.942.750.911.84
PortugalLISBON 1891317069.3153.442.750.981.76
ChinaSSE 102317768392875.9350.572.771.051.72
TurkeyBIST 104855781.7367.062.070.361.71
Austria WIENERBORSE 39129216674.6856.852.320.701.62
AustraliaASX 59384391216673.9549.332.641.071.56
BelgiumBRUSSELS 71852326572.8450.672.210.701.51
UKLSE 1434810531558773.4453.022.250.761.49
MexicoBMV 1402100851471.9050.992.300.891.41
Austria WIENERBORSE 79543168.3557.411.630.241.39
FrancePARIS 63224781261475.6454.661.980.621.36
FrancePARIS 87593367.8255.931.610.271.34
ItalyBORSA 87593367.8255.931.610.271.34
CanadaTSX 100897456369373.9049.532.060.731.33
PakistanKSE 1771258070.6264.001.470.141.33
Greece ATHENS 86593368.6055.931.540.251.29
QatarQE 2091577275.1245.862.080.821.26
SingaporeSGX 111581933173.4540.422.231.011.22
RussiaMICEX 124945875.8161.701.670.471.20
MexicoBMV 1611228375.7868.031.420.251.17
ItalyBORSA 82546263327275.8852.241.900.731.17
GermanyXETRA 83553266.2758.181.400.241.16
PortugalLISBON 90613567.7857.381.390.281.11
USNYSE 33306246731268074.1151.371.800.701.09
SpainIBEX 103694466.9963.771.280.221.06
GermanyXETRA 106868141426576.2652.341.670.611.06
NetherlandsAMSTERDAM 91623568.1356.451.260.231.03
BelgiumBRUSSELS 91623568.1356.451.260.231.03
PhilippinesPSE 101734872.2865.751.070.080.99
BrazilBOVESPA 135985572.5956.121.270.380.89
ChileBCS 113764567.2659.211.090.220.87
NetherlandsAMSTERDAM 2274174492276.6952.871.410.560.85
UKLSE 1581187174.6860.171.010.160.85
FOREXFOREX 2101537872.8650.981.200.370.84
DenmarkCOPENHAGEN 118724261.0258.330.970.140.83
UAEUAE 1521056169.0858.100.970.210.76
SwitzerlandSIX 38242949150277.1250.931.320.560.76
IndonesiaIDX 106785073.5864.100.900.150.74
MalaysiaBURSA 115845073.0459.520.920.190.73
Vietnam HOSE 1361006173.5361.000.910.190.72
IsraelTASE 109713865.1453.520.930.210.72
Poland GPW 115854673.9154.120.910.190.72
CanadaTSX 126835065.8760.240.890.180.71
ThailandSET 124884970.9755.680.860.170.69
Hong KongHKEX 115915379.1358.240.800.140.66
SwitzerlandSIX 133925569.1759.780.880.230.65
South KoreaKOSDAQ 121925976.0364.130.760.150.61
SwedenSTOCKHOLM 1551196376.7752.940.840.240.61
ChinaSSE 124904872.5853.330.790.200.59
NorwayOSE 130985875.3859.180.810.230.57
JapanTOKYO 118824669.4956.100.770.220.55
SingaporeSGX 137975070.8051.550.730.230.51
IndiaNSE 96583360.4256.900.710.240.47
TaiwanGTSM 81532865.4352.830.660.210.45
USFOREX 1761246770.4554.030.590.180.41
BangladeshDSE 127703855.1254.290.560.190.37
USPREFERRED 3202226594170.7441.550.670.400.27
AustraliaASX 138934567.3948.390.570.310.26
JapanFUKUOKA 57382166.6755.262.081.870.21
OmanMSM 1715588.2433.331.001.60-0.60
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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