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 80534066.2575.477.550.576.98
IndiaBSE 36192415140266.7358.056.461.265.20
PakistanKSE 51734222066.1564.336.080.895.18
ChinaSZSE 18891439100976.1870.126.010.925.08
IndiaNSE 2072136184365.7861.855.971.054.92
South KoreaKOSDAQ 23401576106167.3567.325.520.694.82
UAEUAE 73482765.7556.255.690.924.77
Greece ATHENS 102694367.6562.325.060.684.38
ChinaSSE 1384105469076.1665.465.040.924.12
TaiwanGTSM 128281348863.4260.024.320.633.69
USNASDAQ 40602740176667.4964.454.500.823.69
EgyptEGX 68942522261.6852.245.001.333.68
IndonesiaIDX 42125413060.3351.184.560.903.66
USOTC PINK 2549163878564.3047.906.332.683.66
Poland GPW 63638323160.2260.314.641.123.52
JapanFUKUOKA 104240.0050.003.750.253.50
USAMEX 68047526569.8555.794.411.083.33
BelgiumBRUSSELS 121865871.0767.443.590.273.33
BrazilBOVESPA 41328217968.2863.484.210.893.32
TurkeyBIST 39624213161.1154.134.070.813.26
South KoreaKRX 1977129883665.6664.413.780.553.23
Saudi ArabiaTADAWUL 29620312568.5861.584.000.893.11
The World 62965420222491066.7559.264.080.993.09
DenmarkCOPENHAGEN 1541035066.8848.543.920.923.00
IsraelTASE 47031419166.8160.833.650.762.89
ThailandSET 92359732064.6853.603.760.882.88
SwedenSTOCKHOLM 70747726467.4755.354.081.282.80
SpainIBEX 2511659365.7456.364.011.272.73
RussiaMICEX 1931317667.8858.024.121.432.69
Vietnam HNX 2471556762.7543.234.301.662.63
JapanTOKYO 58623937237967.1660.433.460.832.63
PhilippinesPSE 2451658867.3553.333.781.222.56
BangladeshDSE 37323111761.9350.653.711.162.56
CanadaTSX 1920125571965.3657.293.470.922.56
UKLSE 31092075121366.7458.463.551.012.53
TaiwanTWSE 157298157762.4058.823.090.592.50
ChileBCS 64366.6775.002.500.002.50
Hong KongHKEX 2985184389461.7448.513.991.562.43
USNYSE 53813811243970.9063.933.020.642.37
MalaysiaBURSA 101056126655.5447.423.691.412.28
Vietnam HOSE 62536418358.2450.273.381.312.07
QatarQE 73482665.7554.172.710.692.02
MexicoBMV 2241589770.5461.392.650.652.01
NorwayOSE 2631778967.3050.283.931.951.98
FrancePARIS 93361035765.3858.522.690.731.96
GermanyXETRA 1535108464470.6859.352.530.671.86
AustraliaASX 93061934066.5654.932.711.021.69
KuwaitKSE 1941204861.8640.003.752.111.64
ItalyBORSA 142699055669.4256.162.460.891.57
SwitzerlandSIX 47233820871.6161.542.090.571.52
NetherlandsAMSTERDAM 30922713973.4661.232.040.591.45
ArgentinaBUE 43275.0066.672.331.001.33
MalaysiaBURSA 333100.00100.001.330.001.33
Austria WIENERBORSE 57372264.9159.461.590.351.24
JordanASE 89472052.8142.552.601.431.17
PortugalLISBON 46301465.2246.672.271.131.13
USPREFERRED 41929918571.3661.871.380.311.07
USWARRANTS 38251365.7952.
JapanTOKYO 222100.00100.
MexicoBMV 111100.00100.
PakistanKSE 111100.00100.
IndonesiaIDX 53260.0066.670.670.000.67
SingaporeSGX 62937015858.8242.702.011.480.53
CanadaTSX-V 2631485456.2736.493.933.490.44
JapanNAGOYA 50331566.0045.451.330.940.39
TaiwanGTSM 1000.
UAEUAE 54180.0025.
NorwayOSE 111100.00100.
PhilippinesPSE 111100.00100.
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 3421561.7623.811.001.57-0.57
Vietnam HOSE 110100.
Hong KongHKEX 110100.
ChinaSSE 21050.
Poland GPW 31033.330.000.001.00-1.00
JapanSAPPORO 21050.
CanadaCSE 148157.1412.503.135.63-2.50
USOTCBB 75171.4320.000.407.40-7.00
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
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