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 30191263.3363.1615.632.5813.05
ArgentinaBUE 82533665.8566.676.760.766.00
IndiaBSE 36092413143366.8659.397.111.285.84
IndiaNSE 2159145091167.1662.836.561.035.53
ChinaSZSE 1802138695876.9769.076.101.005.10
South KoreaKOSDAQ 24081593108066.3267.635.430.694.74
UAEUAE 76543171.0557.415.741.074.67
ChinaSSE 129299766077.1766.205.260.904.36
USOTCBB 19131068.4276.925.921.694.23
USOTC PINK 2361154375865.6548.906.742.634.11
EgyptEGX 63138620861.1753.895.301.204.09
USAMEX 64044724069.8453.695.101.173.93
TaiwanGTSM 129282750164.0160.584.550.703.85
BrazilBOVESPA 37325416068.3662.754.510.833.68
USNASDAQ 37362517162167.4564.334.490.813.67
TurkeyBIST 35221112159.9457.354.430.823.60
South KoreaKRX 2132137887864.6363.724.150.623.53
Greece ATHENS 130814362.3153.094.421.063.36
Saudi ArabiaTADAWUL 29520512769.4961.954.180.863.31
The World 57123383302293367.1559.794.270.993.28
SwedenSTOCKHOLM 65645425069.2155.074.391.193.21
IndonesiaIDX 39723912260.2051.053.930.893.05
SpainIBEX 2401639267.9256.444.151.143.01
CanadaTSX 1903120271163.2259.103.790.812.99
IsraelTASE 44129718367.5761.413.570.672.91
Hong KongHKEX 2782173587462.5150.264.261.452.81
RussiaMICEX 2051377966.8357.664.201.402.80
CanadaCSE 96366.6750.006.003.332.67
JapanTOKYO 53443626219167.8560.423.500.852.65
USNYSE 50803566229270.2264.263.130.662.47
UKLSE 29501954111866.3157.163.571.112.46
BelgiumBRUSSELS 117815569.2367.903.120.742.38
PortugalLISBON 55342061.8258.823.381.032.35
TaiwanTWSE 1609104261264.7658.732.930.582.35
NorwayOSE 2351547165.5346.103.921.672.25
MalaysiaBURSA 94753724256.7145.073.471.292.17
AustraliaASX 90960633966.6755.943.271.132.15
NetherlandsAMSTERDAM 28621614475.5266.672.530.502.03
GermanyXETRA 1486105862571.2059.072.750.742.02
QatarQE 69523075.3657.692.880.901.98
MexicoBMV 1811287970.7261.722.540.571.97
DenmarkCOPENHAGEN 1511044868.8746.153.131.211.92
FrancePARIS 87758434466.5958.902.600.771.83
JordanASE 90522557.7848.082.881.291.60
ItalyBORSA 133593154469.7458.432.440.851.58
SwitzerlandSIX 47533620670.7461.312.130.601.53
KuwaitKSE 1931194361.6636.133.562.241.32
Austria WIENERBORSE 54342162.9661.761.620.321.29
USPREFERRED 41329917672.4058.861.340.291.05
SingaporeSGX 59333614456.6642.862.401.401.00
JapanFUKUOKA 126450.0066.671.330.500.83
CanadaTSX-V 2771585857.0436.714.113.550.56
USAMEX 1511473.3336.360.360.270.09
Austria WIENERBORSE 110100.000.000.000.000.00
FOREXFOREX 332100.0066.670.330.330.00
JapanNAGOYA 46301165.2236.670.901.03-0.13
OmanMSM 3821555.2623.811.291.52-0.24
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.