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 bullish patterns. The conditions for the activation of the Bearish stop loss are two consecutive lows or a close below the stop loss level of a recently confirmed bullish pattern.
Recognition Criteria
1. A bullish pattern is detected, and its confirmation and stop loss levels are established.
2. The pattern, then, is confirmed and a BUY signal is issued.
3. Prices either close once below the stop loss level, or test lows below the stop loss level in two consecutive days.
4. The Bearish stop loss is triggered.
Pattern Requirements and Flexibility
All bullish candlesticks are accompanied by a specific stop loss level, which becomes active when the pattern is confirmed. A bullish confirmation consequently may lead to a bullish BUY signal. Following the BUY, if prices go down instead of going up, and close or make two consecutive daily lows below the stop loss level, while no bearish pattern is detected, then the stop loss is triggered. Once triggered, the stop loss level of the recently confirmed bullish pattern starts acting as the confirmation level of a bearish pattern itself. The system then seeks a bearish confirmation to issue a SELL or SHORT signal. Prices must cross below the stop loss level for the bearish confirmation of the triggered stop loss.
Trader’s Behavior
In the chaotic environment of the stock market, it is hard to claim that all bullish bets will be successful. Most bullish bets based on confirmed candlestick patterns will be profitable though. However, some candlestick patterns may lead to false trades, some of which are bull traps. This is exactly where the stop loss comes into the picture. It serves as a safety valve for the bulls cutting the potentially devastating losses to a minimum level. According to the statistics, the trades based on the Bearish stop loss confirmations are as successful as the other candlestick pattern based signals. If confirmed, they should never be avoided.
Sell/Stop Loss Levels
The confirmation level is defined as the stop loss level of the recently confirmed bullish candlestick pattern. Prices should cross below this level for the confirmation of the Bearish stop loss.
Pattern Performance in Stock Exchanges since 1/1/2020
Stock Exchange 
Per Trade 
Total Net% Descending
JapanSAPPORO 75471.4380.0010.000.0010.00
USOTCBB 2614853.8557.1411.792.299.50
OmanMSM 69482973.9156.864.370.473.90
RussiaMICEX 26920011374.3556.501.990.361.63
MexicoBMV 27219712172.4361.421.560.251.30
UAEUAE 28720712472.1359.901.160.230.93
IsraelTASE 24016510568.7563.641.090.210.88
BrazilBOVESPA 2041377267.1652.551.260.410.85
Poland GPW 2261599570.3559.751.030.190.84
PakistanKSE 2621538758.4056.861.030.230.80
USFOREX 35526916775.7762.080.940.190.76
ChileBCS 2271649672.2558.541.010.290.73
SpainIBEX 1851257067.5756.000.980.260.72
PortugalLISBON 1631136169.3353.980.960.290.66
ChinaSSE 1921357470.3154.810.900.260.64
PhilippinesPSE 24017810274.1757.300.790.190.60
JapanTOKYO 1911397772.7755.400.970.390.58
CanadaTSX 2411678769.2952.100.860.280.58
IndiaNSE 1771246870.0654.840.780.220.56
Greece ATHENS 1631085866.2653.700.840.290.56
AustraliaASX 2071427968.6055.630.820.270.54
NorwayOSE 2171437865.9054.550.780.250.53
TurkeyBIST 1761176566.4855.560.970.440.52
Vietnam HOSE 28219611069.5056.120.690.190.50
ItalyBORSA 1681176569.6455.560.760.260.50
FrancePARIS 1681176569.6455.560.760.260.50
South KoreaKOSDAQ 2251599270.6757.860.720.230.48
ArgentinaBUE 138895064.4956.180.760.280.48
Austria WIENERBORSE 147995267.3552.530.770.290.47
UKLSE 2541849872.4453.260.720.240.47
GermanyXETRA 1601126370.0056.250.710.260.46
FOREXFOREX 35926712674.3747.190.880.430.45
ThailandSET 2411739771.7856.070.610.180.42
BelgiumBRUSSELS 1691186669.8255.930.690.280.41
NetherlandsAMSTERDAM 1691186669.8255.930.690.280.41
TaiwanGTSM 1871458177.5455.860.640.260.39
SwitzerlandSIX 1821357174.1852.590.590.210.38
IndonesiaIDX 1911347270.1653.730.680.330.35
MalaysiaBURSA 2171547270.9746.750.580.250.34
SwedenSTOCKHOLM 2631829569.2052.200.570.250.32
DenmarkCOPENHAGEN 2161557171.7645.810.610.320.29
SingaporeSGX 2271668973.1353.610.460.220.24
BangladeshDSE 2861797662.5942.460.580.350.23
PortugalLISBON 2878572.822.390.130.020.10
JapanNAGOYA 3048372.701.360.130.040.09
EgyptEGX 12536477.330.410.030.000.03
USAMEX 677410774.390.
Vietnam HOSE 23554368.410.
Austria WIENERBORSE 13329576.350.490.020.010.01
PhilippinesPSE 15194270.900.
KuwaitKSE 7089570.481.
CanadaCSE 13491177.460.
BangladeshDSE 25515375.500.
USWARRANTS 6321174.530.
ThailandSET 48609477.670.
PakistanKSE 25122175.
DenmarkCOPENHAGEN 134113572.180.520.030.020.00
RussiaMICEX 19416367.440.
South KoreaKRX 116594475.830.
MalaysiaBURSA 42321174.
SwedenSTOCKHOLM 74774368.640.
South KoreaKOSDAQ 117305375.600.
ChinaSSE 193735473.670.
TaiwanTWSE 98659477.
CanadaTSX 1350110574.970.
Hong KongHKEX 135318473.620.
ItalyBORSA 140449574.390.
IndiaNSE 138789674.
IndonesiaIDX 33901173.510.
IndiaBSE 221876371.
USNYSE 4462011674.
Poland GPW 35211168.500.
UAEUAE 4773276.520.550.000.000.00
UKLSE 235875372.
FrancePARIS 899010474.530.
USPREFERRED 387626769.840.
USNASDAQ 359425373.590.
TaiwanGTSM 70994276.760.
JapanTOKYO 410964174.450.
JordanASE 1650070.910.
Saudi ArabiaTADAWUL 20340075.960.
MexicoBMV 26660074.790.
AustraliaASX 1157010375.800.
ArgentinaBUE 16850067.
BrazilBOVESPA 64670071.660.
BelgiumBRUSSELS 10290075.510.
CanadaTSX-V 33120078.710.
ChileBCS 4560071.490.
SwitzerlandSIX 55370072.
ChinaSZSE 240750073.600.
SpainIBEX 12490072.460.
Greece ATHENS 6720065.
Vietnam HNX 6910069.610.
NorwayOSE 22400068.570.
GermanyXETRA 205091073.650.
TurkeyBIST 28483274.790.
IsraelTASE 51747474.410.
NetherlandsAMSTERDAM 33595174.460.
QatarQE 5051071.
SingaporeSGX 16932074.780.
USOTC PINK 178493070.870.
JapanFUKUOKA 873168.971.670.010.03-0.02
The World 5022777714426273.581.150.020.06-0.04
Hong KongHKEX 2301649571.3057.930.80131.07-130.26
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© family websites


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