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 1/1/2015
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
CanadaCSE 107795273.8365.8222.872.2020.67
JapanSAPPORO 129975.00100.009.330.009.33
ArgentinaBUE 33726519578.6473.588.980.488.51
USWARRANTS 87654074.7161.547.371.126.25
IndiaBSE 128488500532866.1662.686.370.955.42
CanadaTSX-V 108376334570.4545.228.022.815.22
IndiaNSE 86225857376767.9364.325.830.755.08
PakistanKSE 132494361971.2265.645.860.835.03
USOTC PINK 89836531322772.7049.416.751.764.99
IndonesiaIDX 114475444165.9158.495.840.924.92
South KoreaKOSDAQ 64324603285271.5661.965.760.904.86
Vietnam HNX 44433219174.7757.535.901.234.67
Hong KongHKEX 70595039295171.3858.565.671.034.64
Greece ATHENS 37127016572.7861.115.560.984.58
TurkeyBIST 1929131482468.1262.715.240.754.50
EgyptEGX 67950328674.0856.865.371.114.26
PhilippinesPSE 67846626568.7356.874.970.774.20
JapanNAGOYA 24918110472.6957.464.610.494.12
Poland GPW 1844132683971.9163.274.740.753.99
ChinaSZSE 105548202530377.7164.654.800.843.96
BrazilBOVESPA 2006145895072.6865.164.580.713.87
NorwayOSE 103374844572.4159.494.701.033.67
Vietnam HOSE 107580147074.5158.684.671.023.65
TaiwanGTSM 32102193133968.3261.064.340.703.64
Saudi ArabiaTADAWUL 86361540271.2665.374.090.513.58
SwedenSTOCKHOLM 33112298139169.5660.404.300.793.51
RussiaMICEX 110679545671.8857.364.260.763.50
UAEUAE 2011508674.6357.334.310.933.39
ChileBCS 28918913265.4069.843.660.283.39
BangladeshDSE 1492102059268.3658.044.300.983.32
ChinaSSE 79446277389579.0262.053.910.773.14
USNASDAQ 1770012414751470.2360.453.890.763.14
South KoreaKRX 66184691281070.9059.893.740.653.08
DenmarkCOPENHAGEN 66245528868.7363.303.610.583.03
JapanFUKUOKA 50352670.0074.293.400.373.03
KuwaitKSE 2331739074.2552.024.411.393.02
JapanTOKYO 23536175471063274.6260.543.580.732.85
The World 25875718793111076772.6658.923.570.732.84
USAMEX 24881761101970.9857.703.610.782.83
MalaysiaBURSA 2026147574272.8050.313.781.012.77
IsraelTASE 1576108169768.5964.483.390.642.75
TaiwanTWSE 47453360201370.8159.913.200.612.59
SpainIBEX 77954532969.9660.373.240.692.56
ThailandSET 1989138573069.6352.713.460.912.56
ArgentinaBUE 72563577.7862.502.790.232.55
PortugalLISBON 1891317469.3156.493.300.842.46
AustraliaASX 47673481187873.0253.953.370.922.44
Austria WIENERBORSE 31822615471.0768.142.770.342.43
JordanASE 135954570.3747.373.571.162.41
QatarQE 1631247576.0760.482.930.632.30
BelgiumBRUSSELS 72552032871.7263.082.610.512.10
UKLSE 118968584495972.1857.752.710.632.07
Austria WIENERBORSE 50362272.0061.112.060.221.83
CanadaTSX 84726228344973.6555.272.400.591.81
FrancePARIS 55364135243074.6958.772.340.541.80
ItalyBORSA 56402471.4360.002.030.231.80
FrancePARIS 56402471.4360.002.030.231.80
MexicoBMV 118183145870.3655.112.430.711.72
Greece ATHENS 55402472.7360.001.930.231.70
ItalyBORSA 67174955278173.7756.132.240.631.62
MexicoBMV 107805174.7763.751.830.301.53
GermanyXETRA 53372369.8162.161.700.191.51
PortugalLISBON 57412671.9363.411.730.241.49
USNYSE 28971212531212873.3957.042.020.551.47
SingaporeSGX 104574033770.8145.542.380.971.41
NetherlandsAMSTERDAM 57412471.9358.541.540.201.34
BelgiumBRUSSELS 57412471.9358.541.540.201.34
SpainIBEX 67483271.6466.671.520.191.33
GermanyXETRA 88796637367674.7555.391.890.561.33
RussiaMICEX 95694572.6365.221.750.431.32
IsraelTASE 67432764.1862.791.330.121.21
NetherlandsAMSTERDAM 1866133073471.2855.191.670.491.18
TurkeyBIST 73583479.4558.621.620.471.16
PhilippinesPSE 73533472.6064.151.230.081.15
OmanMSM 2218581.8227.782.061.001.06
BrazilBOVESPA 89633870.7960.321.370.331.03
UKLSE 102795077.4563.291.160.161.00
SwitzerlandSIX 33962550135875.2453.151.450.490.96
PakistanKSE 100663766.0056.061.120.170.95
MalaysiaBURSA 74523070.2757.691.120.170.94
Poland GPW 83623874.7061.291.130.190.94
ChileBCS 89593666.2961.021.140.200.93
FOREXFOREX 1381015973.1958.421.140.220.92
JapanTOKYO 78573673.0863.161.040.120.91
IndonesiaIDX 71483067.6162.501.060.170.90
DenmarkCOPENHAGEN 70452664.2957.781.020.160.87
Vietnam HOSE 96724775.0065.281.010.170.85
ChinaSSE 87603268.9753.331.000.220.78
ThailandSET 92643669.5756.250.920.160.77
CanadaTSX 89683976.4057.350.970.210.76
UAEUAE 116834871.5557.830.980.220.76
South KoreaKOSDAQ 90734981.1167.120.820.140.68
SingaporeSGX 95663869.4757.580.920.240.68
NorwayOSE 87673877.0156.720.910.250.66
SwedenSTOCKHOLM 98753976.5352.000.870.240.63
Hong KongHKEX 84684080.9558.820.790.180.62
AustraliaASX 83603772.2961.670.820.200.62
TaiwanGTSM 55351963.6454.290.800.200.60
SwitzerlandSIX 93643768.8257.810.730.230.50
USPREFERRED 2602181180269.6044.280.800.320.47
BangladeshDSE 88613469.3255.740.590.150.44
IndiaNSE 70402157.1452.500.700.300.40
USFOREX 134965371.6455.210.560.180.39
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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