BULLISH MEETING LINE
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.
BULLISH MEETING LINE
Definition
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.
Title
Pattern Performance in Stock Exchanges since 1/1/2014
Country
Stock Exchange
Website
Patterns
Total
Confirmed
Total
Profitable
Signals
Confirmation
%
Profitable
Signal%
Per Trade
Samples
Profit%
Loss%
Total Net%(Descending)
USWARRANTS 36251569.4460.0012.122.409.72
ArgentinaBUE 85574067.0670.186.610.725.89
IndiaBSE 38922614153967.1658.886.981.265.72
IndiaNSE 2298154197667.0663.346.591.045.55
ChinaSZSE 18981448100276.2969.206.030.975.06
South KoreaKOSDAQ 26191735117866.2867.865.350.684.67
ChinaSSE 1351103468576.5466.255.210.884.33
EgyptEGX 69542623361.2954.695.421.174.25
UAEUAE 88623470.4554.845.031.113.92
Greece ATHENS 127804462.9955.004.790.933.86
TaiwanGTSM 135486952664.1860.534.440.683.76
USAMEX 68948027169.6756.464.851.103.75
USOTC PINK 2601168982065.3648.246.342.643.70
TurkeyBIST 36422612962.0957.084.420.833.59
USNASDAQ 41062773177767.6164.014.350.803.55
BrazilBOVESPA 40026916967.7562.364.320.813.52
South KoreaKRX 2251145192864.5563.874.090.603.49
Saudi ArabiaTADAWUL 31221913970.1963.474.060.793.27
RussiaMICEX 2171418664.9860.994.311.063.25
IndonesiaIDX 42025613160.9551.174.100.893.20
The World 63488426952559767.3059.914.170.973.20
SpainIBEX 26017710569.2358.334.091.112.98
IsraelTASE 49132920567.0162.313.570.712.85
CanadaTSX 2048131977864.4558.943.660.812.85
Hong KongHKEX 2919181990862.3249.924.231.452.78
SwedenSTOCKHOLM 71049327069.4454.773.961.182.78
JapanTOKYO 58814014246268.2561.343.530.832.70
CanadaCSE 96366.6750.006.003.332.67
CanadaTSX-V 2339148584063.7056.383.701.082.61
DenmarkCOPENHAGEN 1631125268.7146.433.671.182.49
UKLSE 32042133122866.5757.573.491.052.44
USNYSE 55023923252371.3064.313.030.642.39
PortugalLISBON 58362262.0761.113.330.972.36
MalaysiaBURSA 99857326257.4145.723.591.292.31
TaiwanTWSE 1683109263764.8858.332.900.592.30
BelgiumBRUSSELS 125886070.4068.182.950.682.27
QatarQE 76553272.3758.182.980.872.11
AustraliaASX 97164737066.6357.193.081.072.01
USOTCBB 25161064.0062.505.383.382.00
GermanyXETRA 1615115168571.2759.512.720.722.00
FrancePARIS 95963638066.3259.752.670.731.94
NetherlandsAMSTERDAM 29922514675.2564.892.440.501.94
MexicoBMV 2121508970.7559.332.450.691.75
NorwayOSE 2661718064.2946.783.321.631.68
SwitzerlandSIX 50335922171.3761.562.140.581.56
ItalyBORSA 142299558169.9758.392.430.911.52
JordanASE 102562654.9046.432.891.411.48
Austria WIENERBORSE 59392566.1064.101.690.281.41
USPREFERRED 42830618371.5059.801.390.291.10
KuwaitKSE 2401445560.0038.193.252.211.04
SingaporeSGX 61035215357.7043.472.421.490.93
JapanFUKUOKA 104240.0050.001.500.750.75
JapanNAGOYA 52351467.3140.001.140.940.20
USAMEX 1511473.3336.360.360.270.09
OmanMSM 4123656.1026.091.431.390.04
FOREXFOREX 332100.0066.670.330.330.00
Austria WIENERBORSE 110100.000.000.000.000.00
JapanSAPPORO 21050.000.000.001.00-1.00
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
About Us
Support
Privacy
TOS
Important Links
English
Deutsch
中文
Français
Türkçe
Indonesia
Español
Italiano
 
 
 
 
 
 
 
 
 
 

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.

Candlesticker.com is an independent and free website and all the Services provided by Americanbulls.com LLC at Candlesticker.com are completely free of charge. Americanbulls.com LLC does not receive compensation by any direct or indirect means from the visitors and users of this website (or of any other bulls.com© family websites), and from the stocks, securities and other institutions or any underwriters or dealers associated with the broader national or international forex, commodity and stock markets.

You agree that Candlesticker.com and Americanbulls.com LLC its parent company, subsidiaries, affiliates, officers and employees shall not be liable for any direct, indirect, incidental, special or consequential damages.