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 2001327966.5059.4017.292.6514.65
JapanSAPPORO 129975.00100.009.330.009.33
ArgentinaBUE 44033725176.5974.488.450.497.96
USWARRANTS 104744471.1559.466.841.165.68
PakistanKSE 1629115275270.7265.285.810.815.00
IndiaBSE 152369823603364.5061.395.970.994.98
South KoreaKOSDAQ 79605590342170.2461.195.640.944.70
IndiaNSE 103756931440166.9063.415.460.784.69
TurkeyBIST 2349157599467.0563.115.260.754.51
Vietnam HNX 52438822974.0559.025.691.254.43
Hong KongHKEX 87276127350870.2157.255.511.084.43
USOTC PINK 115978272397371.4847.936.301.914.39
IndonesiaIDX 147796353965.2055.975.401.014.39
CanadaTSX-V 144197643667.7344.677.062.904.15
PhilippinesPSE 89059934167.3056.934.870.854.02
EgyptEGX 82660134372.7657.075.121.104.01
USAMEX 1926130876267.9158.264.981.003.97
Greece ATHENS 45932819271.4658.544.991.063.93
BrazilBOVESPA 27021940123671.8063.714.410.683.73
JapanNAGOYA 28820911572.5755.024.290.603.69
Poland GPW 2130152492771.7460.674.490.813.67
ChinaSZSE 1420510924695176.9063.634.460.863.61
Vietnam HOSE 1485106163371.4559.664.550.953.60
ArgentinaBUE 96734976.0467.123.780.213.58
TaiwanGTSM 41762838172267.9660.684.290.713.57
SwedenSTOCKHOLM 44323046186068.7361.064.300.763.54
NorwayOSE 125788052670.2559.574.430.923.51
BangladeshDSE 1835123271167.1457.714.270.993.28
Saudi ArabiaTADAWUL 110577750570.3264.993.770.503.27
USNASDAQ 2202915368926369.8660.193.990.773.22
JordanASE 1601115369.3847.754.281.133.15
RussiaMICEX 138997053970.5555.003.900.823.07
UAEUAE 25218310372.6256.283.860.952.91
South KoreaKRX 85055964347670.1258.283.600.692.91
KuwaitKSE 30322211573.2751.804.191.362.83
ChinaSSE 105098161497377.6660.943.610.802.81
ChileBCS 39025016864.1067.203.110.312.80
DenmarkCOPENHAGEN 79755234469.2662.323.360.592.78
The World 32104223057813386271.8558.033.450.762.70
JapanTOKYO 29424216621284373.6359.283.410.762.65
SpainIBEX 95265839669.1260.183.270.702.57
TaiwanTWSE 61884382258970.8159.083.190.632.56
MalaysiaBURSA 2436173286071.1049.653.621.072.55
IsraelTASE 2031139186468.4962.113.230.722.51
JapanFUKUOKA 60412968.3370.732.980.492.49
ThailandSET 2449168486568.7651.373.230.932.30
AustraliaASX 60514374233272.3053.303.100.932.17
Austria WIENERBORSE 38827718271.3965.702.570.432.14
PortugalLISBON 2291538466.8154.903.030.972.07
UKLSE 1483610632605471.6656.942.610.641.96
QatarQE 2261709475.2255.292.510.631.88
TurkeyBIST 91745081.3267.572.240.361.88
BelgiumBRUSSELS 82458435170.8760.102.380.551.84
MexicoBMV 1529109059671.2954.682.510.771.74
CanadaTSX 104707641412773.0353.982.330.601.73
Austria WIENERBORSE 65452869.2362.221.890.181.71
FrancePARIS 67634977288773.7057.932.230.541.69
ItalyBORSA 73503068.4960.001.840.221.62
FrancePARIS 73503068.4960.001.840.221.62
Greece ATHENS 71493069.0161.221.800.181.61
ItalyBORSA 84456220349373.6556.162.190.621.56
RussiaMICEX 108805374.0766.251.930.401.53
USNYSE 35403257351436972.7255.812.000.571.43
GermanyXETRA 70472967.1461.701.570.191.38
SingaporeSGX 126489939871.1244.272.350.981.37
PortugalLISBON 74523270.2761.541.580.231.35
GermanyXETRA 110498233453774.5355.091.860.561.30
MexicoBMV 1431107676.9269.091.530.241.29
SpainIBEX 87604068.9766.671.420.181.23
FOREXFOREX 1821377975.2757.661.470.251.23
NetherlandsAMSTERDAM 78543269.2359.261.390.191.20
BelgiumBRUSSELS 78543269.2359.261.390.191.20
NetherlandsAMSTERDAM 2307166491272.1354.811.650.481.17
PakistanKSE 1541066968.8365.091.310.151.16
BrazilBOVESPA 112815072.3261.731.460.331.12
IsraelTASE 83543565.0664.811.170.111.06
PhilippinesPSE 89654373.0366.151.090.081.02
OmanMSM 2420683.3330.002.001.001.00
ChileBCS 99674167.6861.191.130.190.94
SwitzerlandSIX 41473083162874.3452.811.410.500.91
Poland GPW 98694370.4162.321.070.190.88
UKLSE 1371046275.9159.621.010.150.86
DenmarkCOPENHAGEN 99613761.6260.660.950.130.82
MalaysiaBURSA 101744573.2760.810.990.180.81
IndonesiaIDX 89654273.0364.620.940.140.80
Vietnam HOSE 115885876.5265.910.940.180.76
CanadaTSX 112794870.5460.760.940.180.76
ThailandSET 108774471.3057.140.910.160.75
UAEUAE 135945569.6358.510.950.210.73
JapanTOKYO 100704170.0058.570.860.190.67
ChinaSSE 107764171.0353.950.860.200.66
NorwayOSE 109835176.1561.450.870.230.64
South KoreaKOSDAQ 109835576.1566.270.800.160.64
SwitzerlandSIX 115824971.3059.760.850.220.63
SwedenSTOCKHOLM 124974878.2349.480.820.250.58
Hong KongHKEX 99804580.8156.250.730.160.56
TaiwanGTSM 69452565.2255.560.730.180.56
SingaporeSGX 124884670.9752.270.740.230.51
USFOREX 1501045869.3355.770.620.180.43
AustraliaASX 113754066.3753.330.670.240.43
BangladeshDSE 107663761.6856.060.560.150.41
IndiaNSE 83502760.2454.000.660.280.38
USPREFERRED 3127214893168.6943.340.650.310.33
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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