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)
ArgentinaBUE 89594266.2971.196.630.695.93
IndiaBSE 40222700157867.1358.446.821.275.56
IndiaNSE 2362157699266.7262.946.491.045.45
ChinaSZSE 19831509104076.1068.925.930.954.98
South KoreaKOSDAQ 26341762119166.8967.595.290.684.60
ChinaSSE 1452110573276.1066.245.070.894.18
Greece ATHENS 129814662.7956.794.910.904.01
EgyptEGX 72945324562.1454.
UAEUAE 89613268.5452.465.051.163.89
TaiwanGTSM 139189354464.2060.924.390.663.72
USNASDAQ 42202848182667.5164.094.390.813.58
South KoreaKRX 2285148295665.0864.294.140.593.55
BrazilBOVESPA 40727817868.3064.034.340.793.55
TurkeyBIST 36622612861.7556.644.340.813.53
USOTC PINK 2673175184365.5148.146.212.693.52
USAMEX 70648126768.5655.174.601.093.50
IndonesiaIDX 43826713860.9651.694.100.893.22
The World 63054424922548867.4159.974.180.973.20
Saudi ArabiaTADAWUL 32222514369.8863.563.970.783.20
JapanFUKUOKA 115345.4560.003.600.603.00
RussiaMICEX 2281518866.2358.
SpainIBEX 27518510867.2758.384.091.142.95
IsraelTASE 50334121167.7961.883.670.722.95
UKLSE 32992186127166.2958.123.941.042.91
CanadaTSX 2112137480865.0658.813.610.812.80
JapanTOKYO 59954099252068.3761.483.620.822.79
Hong KongHKEX 3009187093462.1549.954.211.452.76
SwedenSTOCKHOLM 73450927869.3554.623.881.212.66
DenmarkCOPENHAGEN 1641135368.9046.903.651.172.48
PortugalLISBON 58362262.0761.113.330.972.36
USNYSE 56334020259271.3764.482.990.632.36
BelgiumBRUSSELS 128886068.7568.182.950.682.27
TaiwanTWSE 1715111164664.7858.152.860.592.27
MalaysiaBURSA 103759127056.9945.693.541.292.25
CanadaCSE 127358.3342.865.143.002.14
USWARRANTS 36251469.4456.
GermanyXETRA 1673119971971.6759.972.750.712.03
FrancePARIS 98165539566.7760.312.700.712.00
QatarQE 80573271.2556.142.880.891.98
NetherlandsAMSTERDAM 30823115175.0065.372.400.521.89
AustraliaASX 100266237366.0756.342.961.081.88
MexicoBMV 2171519069.5959.602.500.701.81
NorwayOSE 2731778364.8446.893.461.741.72
ItalyBORSA 1469102760269.9158.622.480.901.58
SwitzerlandSIX 51536922871.6561.792.140.581.56
Austria WIENERBORSE 61402565.5762.501.650.301.35
MalaysiaBURSA 333100.00100.001.330.001.33
ArgentinaBUE 43275.0066.672.331.001.33
JordanASE 109592754.1345.762.751.441.31
CanadaTSX-V 2941706357.8237.064.523.231.29
USPREFERRED 43231018671.7660.001.410.311.10
KuwaitKSE 2451495560.8236.913.212.181.03
JapanTOKYO 222100.00100.
PakistanKSE 111100.00100.
MexicoBMV 111100.00100.
SingaporeSGX 62636215857.8343.652.401.470.92
IndonesiaIDX 53260.0066.670.670.000.67
JapanNAGOYA 52351367.3137.
USOTCBB 1811561.1145.454.554.550.00
UAEUAE 54180.0025.
PhilippinesPSE 111100.00100.
TaiwanGTSM 1000.
SingaporeSGX 110100.
ChileBCS 1000.
SwitzerlandSIX 2000.
FOREXFOREX 32166.6750.000.500.500.00
IsraelTASE 21050.
USFOREX 1411378.5727.270.180.45-0.27
ThailandSET 32066.670.000.000.50-0.50
OmanMSM 2917358.6217.651.001.65-0.65
Vietnam HOSE 110100.
Hong KongHKEX 110100.
ChinaSSE 21050.
Poland GPW 31033.330.000.001.00-1.00
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
About Us
Important Links


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.