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INTRODUCTION
BASIC CANDLESTICKS
http://www.candlesticker.com/Pattern.aspx?lang=en&Pattern=3209
BULLISH PATTERNS
BEARISH PATTERNS
This pattern consists of three consecutive white candlesticks with consecutively higher closes in an uptrend.
Recognition Criteria
3. The next day is another white candlestick, which opens within the range of the previous days body and closes
above the previous days close.
4. The final day is a short white candlestick, a spinning top or a Doji that gaps up above the second day.
Pattern Requirements and Flexibility
The first two white candlesticks appearing in the Bearish Deliberation Block should not be short. The second day
should open at or lower than the close of the first day, while the close of the second day should be at or above the
close of the first day. The gapping up final candlestick can be a short white candlestick or a Doji.
Traders Behavior
The two consecutive white candlesticks secure the uptrend, and the bulls are content with the situation. The
secure uptrend attracts more buyers, and the third day opens above the close of the preceding day. The third day
is also a white day, making the bulls even more confident about the continuation of the uptrend. A closer look,
however, reveals that the uptrend is giving signs of weaknesses. The range of each body is getting smaller
day-by-day and the third day gaps up making a star, which shows indecision.
Sell/Stop Loss Levels
The confirmation level is defined as the midpoint between the last close and the body top of the second day. Prices
should cross below this level for confirmation.
The stop loss level is defined as the higher of the last two highs. 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.
Stock Exchange
Website
US
OTCBB
Americanbulls
Canada
CSE
Canadabulls
US
OTC PINK
Americanbulls
Portugal
LISBON
Indonesia
Patterns
Total
Confirmed
Total
Profitable
Signals
Confirmation
%
Profitable
Signal%
Profit%
Per Trade
Loss%
Total Net%
45
24
22
53.33
91.67
12.29
0.42
11.88
80.00
50.00
9.00
3.00
6.00
1929
1288
775
66.77
60.17
6.76
1.61
5.14
Portuguesebulls
97
60
40
61.86
66.67
4.88
0.53
4.35
IDX
Indonesianbulls
601
376
230
62.56
61.17
4.24
0.83
3.41
Hong Kong
HKEX
HongKongbulls
2952
1919
1146
65.01
59.72
4.45
1.15
3.30
India
NSE
Hindustanbulls
2877
1704
1112
59.23
65.26
4.18
0.99
3.19
India
BSE
Hindustanbulls
3598
2067
1314
57.45
63.57
4.37
1.20
3.18
Samples
CHANDRAP.BO
26-Jun-16 2:10 PM
2 of 3
UAE
UAE
Middleeastbulls
UK
LSE
Britishbulls
Brazil
BOVESPA
Canada
http://www.candlesticker.com/Pattern.aspx?lang=en&Pattern=3209
108
64
38
59.26
59.38
3.92
0.75
3.17
4344
2411
1485
55.50
61.59
3.71
0.65
3.06
Brasilbulls
724
424
282
58.56
66.51
3.53
0.55
2.98
TSX-V
Canadabulls
266
168
89
63.16
52.98
5.80
2.82
2.98
South Korea
KOSDAQ
Koreanbulls
2809
1842
1161
65.57
63.03
3.91
0.97
2.94
US
NASDAQ
Americanbulls
7228
4615
2820
63.85
61.11
3.57
0.76
2.81
US
AMEX
Americanbulls
795
532
326
67.17
61.05
3.55
0.81
2.74
Russia
MICEX
Russianbulls
355
220
127
61.97
57.73
3.25
0.58
2.67
Turkey
BIST
Turkishbulls
871
521
302
59.82
57.97
3.43
0.79
2.64
Norway
OSE
Norskbulls
375
207
124
55.20
59.90
3.33
0.71
2.62
Austria
WIENERBORSE
Austrianbulls
125
80
51
64.00
63.75
2.98
0.51
2.46
Taiwan
GTSM
Taiwanesebulls
1213
720
440
59.36
61.11
3.27
0.82
2.45
4806.TWO
China
SSE
Chinesebulls
3955
2451
1377
61.97
56.18
3.39
0.96
2.43
900948.SS
Jordan
ASE
Middleeastbulls
112
64
34
57.14
53.13
3.42
1.03
2.39
Australia
ASX
Aussiebulls
1493
932
509
62.49
54.56
3.25
0.88
2.37
Greece
ATHENS
Greecebulls
223
140
86
62.78
61.43
3.05
0.69
2.36
Argentina
BUE
Argentinianbulls
150
79
48
52.67
60.76
3.42
1.13
2.29
Saudi Arabia
TADAWUL
Middleeastbulls
474
283
163
59.70
57.60
2.90
0.62
2.28
Sweden
STOCKHOLM
Swedishbulls
1117
656
376
58.73
57.32
3.09
0.82
2.27
95488
58797
34070
61.59
57.94
2.98
0.77
2.20
788
516
331
65.48
64.15
2.70
0.51
2.19
The World
ELUX-A.ST
Israel
TASE
Israelibulls
China
SZSE
Chinesebulls
6001
3765
2061
62.74
54.74
3.36
1.18
2.19
002618.SZ
South Korea
KRX
Koreanbulls
2940
1839
1142
62.55
62.10
2.88
0.71
2.17
155900.KS
Mexico
BMV
Mexicanobulls
375
248
155
66.13
62.50
2.47
0.43
2.04
Japan
TOKYO
Japanesebulls
7941
4774
2629
60.12
55.07
2.83
0.89
1.94
Canada
TSX
Canadabulls
3222
2059
1184
63.97
57.45
2.51
0.64
1.87
Malaysia
BURSA
Malaysianbulls
1134
692
371
61.02
53.61
2.76
0.91
1.84
Germany
XETRA
Deutschebulls
2125
1243
692
58.64
55.54
2.39
0.56
1.83
Spain
IBEX
Espanolbulls
352
227
135
64.49
59.47
2.48
0.67
1.81
Taiwan
TWSE
Taiwanesebulls
1858
1050
591
56.51
56.29
2.38
0.65
1.72
Singapore
SGX
Singaporebulls
485
308
163
63.51
52.92
2.53
0.86
1.67
France
PARIS
Francaisbulls
1896
1111
640
58.60
57.61
2.24
0.57
1.67
US
WARRANTS
Americanbulls
49
25
15
51.02
60.00
3.24
1.60
1.64
Netherlands
AMSTERDAM
Dutchbulls
447
264
135
59.06
51.14
2.17
0.58
1.59
Egypt
EGX
Middleeastbulls
269
143
75
53.16
52.45
3.17
1.60
1.57
GUY.TO
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http://www.candlesticker.com/Pattern.aspx?lang=en&Pattern=3209
Italy
BORSA
Italianbulls
1613
982
524
60.88
53.36
2.18
0.66
1.52
Denmark
COPENHAGEN
Danskbulls
294
175
99
59.52
56.57
2.21
0.73
1.49
US
NYSE
Americanbulls
11514
7237
3997
62.85
55.23
2.00
0.53
1.47
Kuwait
KSE
Middleeastbulls
116
69
33
59.48
47.83
2.99
1.62
1.36
Japan
FUKUOKA
Japanesebulls
11
27.27
66.67
1.67
0.33
1.33
Turkey
BIST
Turkishbulls
35
23
16
65.71
69.57
1.30
0.04
1.26
Oman
MSM
Middleeastbulls
32
18
56.25
50.00
1.89
0.78
1.11
Switzerland
SIX
Swissbulls
960
576
308
60.00
53.47
1.61
0.51
1.10
Belgium
BRUSSELS
Belgianbulls
297
181
96
60.94
53.04
1.59
0.51
1.07
FOREX
FOREX
73
53
34
72.60
64.15
1.00
0.08
0.92
Japan
NAGOYA
Japanesebulls
59
35
17
59.32
48.57
1.89
1.11
0.77
Qatar
QE
Middleeastbulls
124
77
39
62.10
50.65
1.49
0.73
0.77
US
PREFERRED
Americanbulls
1112
656
317
58.99
48.32
0.83
0.21
0.61
US
AMEX
Americanbulls
75
53
30
70.67
56.60
0.55
0.13
0.42
Japan
SAPPORO
Japanesebulls
75.00
33.33
0.00
0.67
-0.67
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 ProfitsTotal 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
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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
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26-Jun-16 2:10 PM