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 31211367.7461.9014.292.5711.71
ArgentinaBUE 84563966.6769.646.640.735.91
IndiaBSE 37222499148467.1459.387.111.285.83
IndiaNSE 2209148693867.2763.126.581.035.55
ChinaSZSE 1845141998676.9169.496.090.995.10
South KoreaKOSDAQ 24781642111666.2667.975.430.684.75
ChinaSSE 1305101267477.5566.605.270.904.37
UAEUAE 84593170.2452.545.251.074.19
EgyptEGX 66040021460.6153.505.211.213.99
USAMEX 65145625470.0555.705.101.173.93
USOTC PINK 2431160277966.0648.516.552.673.88
TaiwanGTSM 130583250463.7560.584.540.693.85
USNASDAQ 38752617168767.5664.444.470.813.66
BrazilBOVESPA 37825916368.5262.934.470.833.64
South KoreaKRX 2179140989764.6663.664.060.613.44
TurkeyBIST 36122012660.9457.274.290.853.44
Greece ATHENS 123774162.6053.254.340.963.38
Saudi ArabiaTADAWUL 30020712869.0061.844.160.863.31
The World 58448393462361767.3360.014.260.983.28
SwedenSTOCKHOLM 67246725669.4954.824.351.183.17
IndonesiaIDX 40124212460.3551.244.010.893.12
RussiaMICEX 1991297564.8258.
SpainIBEX 2441679768.4458.
CanadaTSX 1950124674163.9059.473.770.812.96
Hong KongHKEX 2835177890162.7250.674.391.442.95
IsraelTASE 45030418767.5661.513.550.742.81
JapanTOKYO 55093772230068.4760.983.510.842.67
CanadaCSE 96366.6750.006.003.332.67
UKLSE 30272008115166.3457.323.621.092.54
USNYSE 51543630234170.4364.493.150.652.50
DenmarkCOPENHAGEN 1541075069.4846.733.671.202.48
PortugalLISBON 58362262.0761.113.330.972.36
BelgiumBRUSSELS 120845770.0067.863.050.712.33
TaiwanTWSE 1629106162065.1358.442.900.582.32
MalaysiaBURSA 95854324456.6844.943.511.282.23
NorwayOSE 2471627465.5945.683.851.702.15
GermanyXETRA 1512108164671.4959.762.810.742.08
QatarQE 73533172.6058.492.960.892.08
NetherlandsAMSTERDAM 28421514375.7066.512.530.502.03
AustraliaASX 93762635166.8156.
MexicoBMV 1901388472.6360.872.530.581.95
FrancePARIS 90159835666.3759.532.620.761.85
JordanASE 92522556.5248.082.881.291.60
ItalyBORSA 135894455169.5158.372.450.861.59
SwitzerlandSIX 48334421371.2261.922.150.591.56
Austria WIENERBORSE 55352263.6462.861.600.311.29
KuwaitKSE 2191324860.2736.363.442.261.18
USPREFERRED 41229917972.5759.871.340.301.05
SingaporeSGX 59734014856.9543.532.421.381.04
JapanFUKUOKA 126450.0066.671.330.500.83
USOTCBB 2314960.8764.294.213.500.71
CanadaTSX-V 2701515556.3036.183.603.270.33
USAMEX 1511473.3336.360.360.270.09
Austria WIENERBORSE 110100.
FOREXFOREX 332100.0066.670.330.330.00
JapanNAGOYA 48311164.5835.480.841.03-0.19
OmanMSM 3821555.2623.811.291.52-0.24
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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