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 buying decisions.
This pattern occurs during a downtrend. The first day’s black candlestick is followed by a white candlestick that opens sharply lower and closes at the same level as the prior session’s close. It is similar to the Piercing Line pattern. However, the amount the second day rebounds is different. The Piercing Line’s second day closes above the midpoint of the first day’s body, while the second day the Bullish Meeting Line closes the same as the first day. Consequently, the Piercing Line is a more significant bottom reversal. Nonetheless, the Bullish Meeting Line deserves due respect as well.
Recognition Criteria
1. The market is characterized by a prevailing downtrend.
2. On the first day a black candlestick is observed.
3. Then, we see a white candlestick on the second day.
4. The closing prices are the same or almost the same on both days.
Pattern Requirements and Flexibility
The Bullish Meeting Line consists of two candlesticks, first a black candlestick then a white candlestick; both not short. The closing prices of both days should be the same or almost the same.
Trader’s Behavior
The occurrence of this pattern reflects a stalemate between bulls and bears. The market is in a downtrend when a strong black candlestick is formed, which further supports the trend. The next day opens sharply lower causing the bears to feel more confident. Then the bulls start a counterattack pushing prices up and leading to a close equal to (or very close to) the previous close. The downtrend is now breached.
Buy/Stop Loss Levels
The confirmation level is defined as the last close. Prices should cross above this level for confirmation.

The stop loss level is defined as the last low. 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.
Pattern Performance in Stock Exchanges since 1/1/2014
Stock Exchange
Per Trade
Total Net%(Descending)
USWARRANTS 33231569.7065.2213.172.3510.83
ArgentinaBUE 85573967.0668.426.460.725.74
IndiaBSE 38122550149766.8958.717.011.285.73
IndiaNSE 2243150594467.1062.726.521.055.48
ChinaSZSE 1866143899677.0669.266.060.985.08
South KoreaKOSDAQ 25651697114966.1667.715.410.684.73
ChinaSSE 1306100967177.2666.505.270.894.38
EgyptEGX 67941722861.4154.685.261.174.09
UAEUAE 87613270.1152.465.101.113.98
USOTC PINK 2510164879865.8248.316.452.663.80
TaiwanGTSM 132585051664.1560.714.480.683.79
USAMEX 67947426869.8156.544.931.163.78
Greece ATHENS 126784261.9053.854.630.953.68
BrazilBOVESPA 38826416468.5661.654.420.823.60
USNASDAQ 40222712174067.5064.094.360.793.57
TurkeyBIST 36722612861.5856.644.340.863.48
South KoreaKRX 2225143891664.6363.704.050.613.44
Saudi ArabiaTADAWUL 30421313470.0762.914.130.803.33
The World 60023403692415667.2859.824.210.983.23
SwedenSTOCKHOLM 69247926269.2254.704.291.193.10
IndonesiaIDX 41425012860.3951.203.970.903.07
RussiaMICEX 2051347965.3758.964.101.132.98
SpainIBEX 2521729968.2557.564.081.132.95
Hong KongHKEX 2895181091462.5250.504.341.442.90
CanadaTSX 2016129176064.0958.823.680.822.86
IsraelTASE 47732420367.9262.653.500.712.79
CanadaCSE 96366.6750.006.003.332.67
JapanTOKYO 56253846233668.3760.743.490.832.66
UKLSE 31222060118265.9857.383.551.102.45
DenmarkCOPENHAGEN 1601105168.7546.363.571.182.39
USNYSE 53923798242370.4463.803.040.662.38
PortugalLISBON 58362262.0761.113.330.972.36
TaiwanTWSE 1651107362764.9958.432.910.582.34
MalaysiaBURSA 97555825557.2345.703.611.302.31
BelgiumBRUSSELS 124875970.1667.822.980.692.29
QatarQE 74543272.9759.263.070.872.20
AustraliaASX 95564136667.1257.
GermanyXETRA 1578112267371.1059.982.740.722.02
NetherlandsAMSTERDAM 29222114775.6866.522.470.491.98
USOTCBB 25171168.0064.715.123.181.94
FrancePARIS 93261436565.8859.452.600.751.86
MexicoBMV 2021428470.3059.152.540.701.83
NorwayOSE 2521637464.6845.403.371.711.66
JordanASE 93522555.9148.082.881.291.60
ItalyBORSA 139797056569.4358.252.420.871.55
SwitzerlandSIX 49535121770.9161.822.140.591.54
Austria WIENERBORSE 57372364.9162.161.590.301.30
KuwaitKSE 2301385160.0036.963.322.251.07
CanadaTSX-V 2811585956.5837.114.383.331.06
USPREFERRED 42330418371.8760.201.330.281.05
SingaporeSGX 60134314857.0743.152.411.520.89
JapanFUKUOKA 104240.0050.001.500.750.75
USAMEX 1511473.3336.360.360.270.09
Austria WIENERBORSE 110100.
FOREXFOREX 332100.0066.670.330.330.00
JapanNAGOYA 50331366.0039.390.790.97-0.18
OmanMSM 3922556.4122.731.231.45-0.23
JapanSAPPORO 21050.
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
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