BULLISH PIERCING LINE
The chart showing Series 1 series.
To evaluate the performance of the pattern in your stock exchange within the context of other global markets, please refer to the table below. Locate your stock market to see its ranking among others. This will provide insights into the pattern’s strength and reliability, aiding you in your buying and selling decisions.
BULLISH PIERCING LINE
Definition
This pattern signifies a bottom reversal with two candlesticks. On the first day, a black candlestick appears during an ongoing downtrend. The second day opens at a new low with a gap down and then closes more than halfway into the prior black body, resulting in a strong white candlestick. This formation indicates a potential shift in market sentiment and a reversal of the downtrend.
Recognition Criteria
1. The market is currently defined by a dominant downward trend.
2. On the first day, a black candlestick is observed.
3. A white candlestick opens on the second day with a gap down and closes more than halfway into the body of the first day.
4. The second day fails to close above the body of the first day.
Pattern Requirements and Flexibility
The first day of the Bullish Piercing Line pattern features a normal or long black candlestick. On the second day, the market should open well below the previous day’s close and close more than halfway into the prior black candlestick’s body. However, the second day’s close must remain within the body of the first day’s candlestick.
Trader’s Behavior
The market is in a downtrend, with the first black candlestick reaffirming this sentiment. The next day opens lower with a gap, indicating continued bearishness. Despite the bearish start, bulls take control, driving the market upward toward the close. Prices increase significantly, closing well above the previous day’s close. As a result, bears start losing confidence and reconsider their short positions. Potential buyers begin to speculate that new lows may not hold, considering it might be an opportune time to take long positions.
Buy/Stop-Loss Levels
The confirmation level is set at the last closing price. For confirmation, prices need to surpass this level.

The stop-loss level is set at the last low. After a BUY signal, the stop-loss is triggered if prices decline instead of rising and either close below the stop-loss level or record two consecutive daily lows below it, without any bearish pattern being detected.
Title
Pattern Performance in Stock Exchanges since 1/1/2022
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
BangladeshDSE 172699452258.2351.944.281.282.99
The WorldWORLD MARKETS 434246258701524365.405.370.520.050.48
JapanFSE 351151.435.560.160.000.16
PortugalLISBON 2287567.113.270.150.010.14
DenmarkOMX COPENHAGEN 110310763.741.000.120.010.11
NorwayOSE 22786361.280.210.030.010.02
KuwaitBOURSA KUWAIT 5664362.370.850.020.000.02
ThailandSET 41542256.980.080.020.000.02
SwedenOMX STOCKHOLM 63638661.540.150.020.000.02
IndonesiaIDX 21351158.690.080.010.000.01
Vietnam HOSE 26868464.300.230.020.010.01
ChileBCS 2681163.430.590.000.000.00
TaiwanTPEx 46163259.640.070.000.000.00
IndiaBSE 256026562.710.030.000.000.00
FrancePARIS 60066464.140.100.000.000.00
South KoreaKOSDAQ 142844264.280.020.000.000.00
IndiaNSE 154424463.520.040.000.000.00
NetherlandsAMSTERDAM 22403267.720.130.000.000.00
Poland GPW 32503158.890.050.000.000.00
ItalyMILAN 81885367.870.050.000.000.00
USAMEX 48134366.070.090.000.000.00
JapanTSE 293198565.360.030.000.000.00
USNYSE 360779368.600.010.000.000.00
ChinaSSE 301749466.900.020.000.000.00
Saudi ArabiaTADAWUL 20740062.540.000.000.000.00
QatarQE 3190066.140.000.000.000.00
JapanNSE 1470054.420.000.000.000.00
JordanASE 1770053.110.000.000.000.00
SwitzerlandSIX 35240067.790.000.000.000.00
ArgentinaBCBA 10151170.540.140.000.000.00
CanadaCSE 5280053.790.000.000.000.00
CanadaTSXV 13680056.290.000.000.000.00
BrazilBOVESPA 48590065.240.000.000.000.00
BelgiumBRUSSELS 8280062.320.000.000.000.00
SpainBME 11750062.810.000.000.000.00
Greece ATHEX 5920064.700.000.000.000.00
PakistanPSX 19620066.820.000.000.000.00
MalaysiaBURSA MALAYSIA 28180056.460.000.000.000.00
MexicoBMV 14910068.540.000.000.000.00
GermanyXETRA 143250068.290.000.000.000.00
UKLSE 142890067.140.000.000.000.00
SingaporeSGX 7790054.810.000.000.000.00
USOTC MARKETS 123620062.720.000.000.000.00
Vietnam HNX 7230058.090.000.000.000.00
USNASDAQ 340381165.220.000.000.000.00
PhilippinesPSE 9383149.150.220.010.010.00
AustraliaASX 53151060.880.000.000.000.00
TurkeyBIST 29391063.700.000.000.000.00
South KoreaKRX 107512165.480.010.000.000.00
ChinaSZSE 357689367.480.010.000.000.00
CanadaTSX 96724165.610.020.000.000.00
Hong KongHKEX 104423159.330.020.000.000.00
TaiwanTWSE 67792060.970.000.000.000.00
IsraelTASE 26993169.140.050.000.000.00
Austria WIENERBÖRSE 9627368.810.450.020.020.00
EgyptEGX 9434163.200.170.000.02-0.02
UAEDFM-ADX 3891058.350.000.000.02-0.02
Patterns Total: The number of occurrences of this particular pattern during the specified period.
Confirmed Total: The number of detected patterns that were confirmed and converted into signals.
Profitable Signals: The number of confirmed patterns that resulted in profitable trades.
Confirmation %: The percentage of confirmed patterns relative to the total occurrences of this pattern.
Profitable Signal %: The percentage of successful confirmed patterns relative to the total confirmed patterns.
Per Trade Profit %: Total Profits divided by Total Trades.
Per Trade Loss %: Total Losses divided by Total Trades.
Per Trade Net%: (Total Profits minus Total Losses) divided by the Total Number of Trades.
Samples: Live sample ticker symbols from stock exchanges, with links to the related bulls.com© family websites’ stock pages.

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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