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 2211436866.5246.2615.103.3311.76
JapanSAPPORO 129975.00100.009.330.009.33
USWARRANTS 1814977.7864.298.712.216.50
ArgentinaBUE 40431021377.4868.056.350.755.59
EgyptEGX 74454731573.5257.595.771.194.59
PakistanKSE 129691652270.6856.995.521.084.44
TurkeyBIST 1844123073266.7059.515.140.884.26
Vietnam HNX 40129317273.0758.705.451.324.13
IndonesiaIDX 130885945665.6753.085.071.183.89
PhilippinesPSE 75251326668.2251.854.811.073.74
IndiaBSE 118467559395663.8452.314.951.363.59
ArgentinaBUE 103775274.7667.533.780.213.57
IndiaNSE 83015550311466.9456.044.611.083.53
South KoreaKOSDAQ 63754467240270.1053.754.691.183.52
JordanASE 123884271.5447.734.601.143.47
BangladeshDSE 148499453266.9853.524.471.053.43
Hong KongHKEX 68264828256570.7353.134.601.213.39
USOTC PINK 95546838303671.8844.215.782.393.38
Greece ATHENS 40029215973.0054.454.561.203.36
CanadaTSX-V 127585337766.9844.156.653.323.33
JapanNAGOYA 2301708373.9148.824.160.843.32
BrazilBOVESPA 22971703100274.1458.844.130.883.25
USAMEX 1536106055169.0151.984.481.403.08
KuwaitKSE 2631908772.2445.794.321.332.98
Poland GPW 1659119263772.0953.264.051.132.93
TaiwanGTSM 33182254124067.9355.013.770.852.92
Vietnam HOSE 127689848970.3854.453.901.082.82
NorwayOSE 104972939569.6954.043.951.132.82
USNASDAQ 1807412814697471.0154.343.791.002.78
SwedenSTOCKHOLM 37422587144869.1355.973.640.952.68
SpainIBEX 80656430469.9853.903.510.872.64
RussiaMICEX 113278439469.5250.063.600.982.63
ThailandSET 1979134669668.0151.713.300.902.40
Saudi ArabiaTADAWUL 94666836870.6155.093.160.772.39
ChileBCS 33322212866.6757.662.840.472.36
DenmarkCOPENHAGEN 63745626371.5957.683.090.732.36
TaiwanTWSE 51583695202571.6454.802.920.732.19
UAEUAE 1961356168.8845.193.301.132.18
JapanTOKYO 2421517967966974.2353.793.080.962.12
IsraelTASE 1705117665068.9755.273.020.912.11
South KoreaKRX 69494892257370.4052.602.870.812.06
The World 26388919120910035872.5052.452.970.942.04
MalaysiaBURSA 1834128261069.9047.583.171.162.01
Austria WIENERBORSE 30622513573.5360.002.600.671.93
TurkeyBIST 93765181.7267.112.220.361.87
PortugalLISBON 1681156068.4552.172.881.051.83
Austria WIENERBORSE 71503170.4262.001.780.181.60
AustraliaASX 51613789183973.4248.542.661.121.54
ItalyBORSA 79553369.6260.001.750.221.53
FrancePARIS 79553369.6260.001.750.221.53
UKLSE 123829036474673.0152.502.270.771.50
BelgiumBRUSSELS 65247224272.3951.272.160.691.47
Greece ATHENS 78553370.5160.001.670.201.47
ChinaSZSE 115478708429975.4149.372.651.201.44
MexicoBMV 124889445771.6351.122.350.921.43
FrancePARIS 54494084222975.0854.492.050.631.43
RussiaMICEX 116875675.0064.371.800.441.37
SingaporeSGX 99272329972.8841.362.361.021.34
CanadaTSX 88136496322473.7749.592.080.751.33
GermanyXETRA 76523268.4261.541.500.191.31
PortugalLISBON 81573570.3761.401.510.231.28
MexicoBMV 1521147975.0069.301.510.241.27
ItalyBORSA 70485315275675.4151.851.970.741.22
SpainIBEX 94654369.1566.151.370.181.18
USNYSE 29140215231113973.8951.731.880.701.18
NetherlandsAMSTERDAM 84593570.2459.321.340.191.15
BelgiumBRUSSELS 84593570.2459.321.340.191.15
ChinaSSE 86406522317175.4948.622.181.051.13
PakistanKSE 1631147169.9462.281.250.151.11
PhilippinesPSE 93694674.1966.671.130.071.06
GermanyXETRA 90966904350875.9250.801.680.631.05
BrazilBOVESPA 120875172.5058.621.370.361.01
FOREXFOREX 1911437774.8753.851.280.300.98
QatarQE 1821366274.7345.591.840.880.96
IsraelTASE 91593664.8461.021.080.150.93
UKLSE 1441086575.0060.191.020.160.86
NetherlandsAMSTERDAM 1964149978076.3252.031.440.580.86
ChileBCS 105724268.5758.331.070.220.85
DenmarkCOPENHAGEN 104643961.5460.940.970.130.84
Poland GPW 106774572.6458.441.000.180.82
UAEUAE 140985870.0059.180.990.210.78
SwitzerlandSIX 33552559130076.2750.801.330.560.77
MalaysiaBURSA 105764572.3859.210.960.200.76
CanadaTSX 118825069.4960.980.910.180.73
IndonesiaIDX 99724772.7365.280.880.150.72
Vietnam HOSE 121935976.8663.440.900.180.72
ThailandSET 109784471.5656.410.900.180.72
Hong KongHKEX 105855080.9558.820.850.150.69
SwitzerlandSIX 120855170.8360.000.880.220.66
JapanTOKYO 108764470.3757.890.860.200.66
South KoreaKOSDAQ 110845676.3666.670.810.150.65
ChinaSSE 111804472.0755.000.830.190.64
NorwayOSE 118915677.1261.540.870.230.64
SwedenSTOCKHOLM 1401105878.5752.730.850.220.63
TaiwanGTSM 71472666.2055.320.720.170.55
SingaporeSGX 128894769.5352.810.740.220.52
USFOREX 1601136470.6356.640.640.180.46
BangladeshDSE 113683860.1855.880.570.150.43
IndiaNSE 87522859.7753.850.650.270.38
JapanFUKUOKA 47332070.2160.612.362.000.36
AustraliaASX 123814165.8550.620.620.270.35
USPREFERRED 2654184575269.5240.760.700.420.28
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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