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.
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.
Pattern Performance in Stock Exchanges since 1/1/2021
Stock Exchange 
Per Trade 
Total Net% Descending
ArgentinaBUE 29724317981.8273.6610.190.1810.01
JapanSAPPORO 129975.00100.009.330.009.33
TurkeyBIST 54454054270174.4566.639.920.958.98
CanadaCSE 79651724664.9547.5810.433.087.35
Vietnam HNX 103275645473.2660.057.451.196.26
EgyptEGX 1597112865470.8257.827.051.225.83
ArgentinaBUE 38682875186075.5963.616.971.155.82
IndonesiaIDX 38372500128865.1651.526.361.345.02
IndiaBSE 28225183101020165.0555.565.621.304.31
IndiaNSE 1932813024750667.5957.465.161.064.10
Poland GPW 42973046162970.9853.415.461.374.09
SwedenSTOCKHOLM 90026137345768.1756.335.251.204.05
BangladeshDSE 2191141875364.7253.
South KoreaKOSDAQ 1523210606568869.6353.635.121.263.86
USOTC PINK 1971813493623670.0745.
PakistanKSE 2437167791468.8154.504.991.353.64
Hong KongHKEX 126298690444468.8151.145.031.403.63
TurkeyBIST 25120714682.4770.533.800.313.49
NorwayOSE 28121964106069.8453.974.661.203.46
TaiwanGTSM 82945981336972.4056.104.270.833.45
UAEUAE 51537420072.6253.484.390.963.43
CanadaTSX-V 2509172975668.9143.726.433.093.34
Vietnam HOSE 35692677152175.0156.824.300.973.33
USNASDAQ 41265295641595471.7153.914.591.273.33
MalaysiaBURSA 42943046151170.9449.614.541.313.23
Greece ATHENS 101473239172.1953.424.221.093.13
Saudi ArabiaTADAWUL 23381674103371.6061.713.730.603.13
KuwaitKSE 79358732574.0255.374.060.963.11
PhilippinesPSE 1474102052369.2051.273.940.962.97
JapanNAGOYA 36424312966.7653.093.680.782.91
ThailandSET 49233374168868.5450.033.951.052.89
ChinaSZSE 32021237681287974.2354.193.991.102.89
TaiwanTWSE 131029668540973.7955.953.510.782.73
PortugalLISBON 30922711673.4651.103.420.792.64
IsraelTASE 66484737265171.3755.873.400.872.52
ChinaSSE 26606196791051473.9653.433.460.972.49
The World 64987446986525553373.1353.773.420.942.48
SpainIBEX 145298853468.0454.053.350.932.42
BrazilBOVESPA 93696593358470.4154.333.310.902.41
QatarQE 42931817274.1354.093.210.862.35
South KoreaKRX 1546311132592872.0253.233.200.872.33
ChileBCS 57542023673.0456.193.060.812.25
Austria WIENERBORSE 1655123969374.8655.933.080.882.20
MexicoBMV 31622297116672.6450.763.341.192.15
DenmarkCOPENHAGEN 1449104253071.9150.863.231.102.13
AustraliaASX 130789379469371.7250.043.351.292.06
JordanASE 1841426677.1746.483.321.431.89
CanadaTSX 1815013696746775.4654.522.650.761.89
RussiaMICEX 28920511970.9358.052.400.531.87
UKLSE 30963226221211773.1753.482.710.841.87
JapanTOKYO 51187372681935772.8151.942.830.971.86
FrancePARIS 117928945502975.8956.202.430.671.75
JapanFUKUOKA 81492760.4955.103.281.551.73
PakistanKSE 39027518070.5165.451.930.251.68
USNYSE 62498475542564876.0953.932.300.751.55
USAMEX 97947565395177.2452.232.270.731.53
BelgiumBRUSSELS 119385444171.5851.642.310.831.48
SingaporeSGX 1733124657271.9045.912.491.031.46
ItalyBORSA 1951215060810577.1853.822.010.661.35
GermanyXETRA 29660230021291277.5556.131.940.611.33
MexicoBMV 28020312772.5062.561.590.281.32
NetherlandsAMSTERDAM 52704083226577.4855.471.840.601.24
FOREXFOREX 50536319571.8853.721.560.391.17
SwitzerlandSIX 80196217327977.5852.711.790.701.09
ChileBCS 27219711972.4360.411.310.320.99
IsraelTASE 2291518365.9454.971.240.300.94
BrazilBOVESPA 28019410969.2956.191.350.410.93
Austria WIENERBORSE 1761225969.3248.361.090.340.75
FrancePARIS 1951376670.2648.181.080.340.74
ItalyBORSA 1951376670.2648.181.070.340.73
SpainIBEX 2201488167.2754.730.990.280.71
Greece ATHENS 1871316270.0547.331.050.350.69
Poland GPW 2481779671.3754.240.930.250.68
JapanTOKYO 25818510271.7155.140.890.230.66
SwitzerlandSIX 25518110170.9855.800.920.260.66
GermanyXETRA 1851286369.1949.220.980.320.66
MalaysiaBURSA 26118410570.5057.070.900.240.65
UAEUAE 33022512268.1854.220.840.200.64
IndonesiaIDX 2321639470.2657.670.900.250.64
PortugalLISBON 1911316568.5949.620.970.330.64
OmanMSM 3225978.1336.001.681.040.64
NorwayOSE 29221612073.9755.560.910.290.63
ThailandSET 29921511771.9154.420.840.220.62
PhilippinesPSE 25319010175.1053.160.800.190.61
UKLSE 30021410771.3350.000.870.290.57
BelgiumBRUSSELS 1961376769.9048.910.880.310.57
NetherlandsAMSTERDAM 1961376769.9048.910.880.310.57
Vietnam HOSE 30723011974.9251.740.770.220.55
Hong KongHKEX 26920711776.9556.520.710.170.54
South KoreaKOSDAQ 27920011871.6859.000.830.300.54
IndiaNSE 1971287364.9757.030.800.270.53
SwedenSTOCKHOLM 30823012374.6853.480.790.270.52
SingaporeSGX 28719910269.3451.260.690.170.52
ChinaSSE 26920610076.5848.540.750.270.48
TaiwanGTSM 1951346968.7251.490.620.180.44
CanadaTSX 2641769666.6754.550.700.270.43
DenmarkCOPENHAGEN 2611788368.2046.630.670.270.40
USFOREX 36425313169.5151.780.530.190.34
BangladeshDSE 3111797857.5643.580.630.300.34
AustraliaASX 28219610669.5054.080.590.300.29
USPREFERRED 44223269.610.
USWARRANTS 4341161.980.370.000.000.00
RussiaMICEX 20930068.610.
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


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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