BULLISH MATCHING LOW
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 MATCHING LOW
Definition
This pattern occurs when two black days appear with equal closes in a downtrend. Matching Low indicates a bottom has been made, even though the new low was tested and there was no follow through, which is indicative of a good support price.
Recognition Criteria
1. The market is characterized by a prevailing downtrend.
2. A black body is observed on the first day.
3. The second day follows with another black candlestick whose closing price is exactly equal to the closing price of the first day.
Pattern Requirements and Flexibility
The Bullish Matching Low consists of two black candlesticks. The length of the first candlestick should be normal or long. Both candlesticks should close at the same level.
Trader’s Behavior
The market has been lower, as evidenced by another strong black day. The next day open higher and trade still higher, and then it closes at the same price. This is indicative of short term support and will cause much concern with the bears. What reflects the psychology of the market is not necessarily the daily trading action but with the fact that both days close at the same level.
Buy/Stop Loss Levels
The confirmation level is defined as the midpoint of the first black body. Prices should cross above this level for confirmation.

The stop loss level is defined as the lower of the last two lows. 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 145435.7180.0079.602.0077.60
CanadaCSE 50191038.0052.6313.422.1111.32
ArgentinaBUE 118593850.0064.417.731.076.66
IndiaBSE 2665107562640.3458.237.051.205.85
IndiaNSE 212386046240.5153.726.821.345.48
NorwayOSE 57023311040.8847.216.871.685.19
OmanMSM 75181024.0055.565.890.835.06
USOTC PINK 231493642540.6245.218.433.534.90
USNASDAQ 3359142979642.7555.435.861.084.78
ChinaSSE 56528319150.0967.495.280.504.78
ChinaSZSE 63032221551.1166.775.260.634.64
South KoreaKOSDAQ 3065127579341.7661.955.200.844.36
South KoreaKRX 3217131378940.8160.094.670.664.00
Hong KongHKEX 63112379115737.7448.575.091.373.72
USAMEX 70830516843.0855.084.821.153.67
Greece ATHENS 206834640.2955.425.131.813.33
Saudi ArabiaTADAWUL 2641167743.9466.383.970.783.20
UKLSE 3135127872340.7756.573.960.903.06
EgyptEGX 4421809840.7254.444.351.323.03
The World 76094320521663842.1651.864.051.172.88
TurkeyBIST 2857112254139.2748.223.821.062.76
RussiaMICEX 3391356839.8250.373.671.152.53
JapanSAPPORO 72128.5750.003.000.502.50
AustraliaASX 3925167880942.7548.214.031.652.37
SwedenSTOCKHOLM 127353827242.2650.563.511.182.33
JapanTOKYO 67473225171147.8153.043.180.852.33
FrancePARIS 115548324841.8251.353.431.142.29
IsraelTASE 241925338.1757.613.160.952.22
JapanNAGOYA 70291541.4351.722.720.552.17
IndonesiaIDX 179061226734.1943.633.301.152.16
BrazilBOVESPA 83431616538.2551.723.571.482.09
TaiwanGTSM 253598051238.6652.242.920.842.08
BelgiumBRUSSELS 122582947.5450.002.550.532.02
Austria WIENERBORSE 3713735.1453.852.620.622.00
SpainIBEX 3651528341.6454.613.211.221.99
ItalyBORSA 62325113740.2954.582.550.591.95
TaiwanTWSE 3915164289141.9454.262.510.611.90
USNYSE 3505164998147.0559.492.390.541.85
CanadaTSX 3501157176444.9348.573.161.321.84
DenmarkCOPENHAGEN 3251517146.4647.022.921.101.82
CanadaTSX-V 139960223043.1038.145.013.371.64
QatarQE 80341742.5050.002.060.531.53
GermanyXETRA 68332217647.1454.662.340.841.51
SwitzerlandSIX 59528014547.0651.792.090.631.46
MalaysiaBURSA 2978117648639.4941.332.721.401.32
JapanFUKUOKA 147350.0042.861.860.571.29
NetherlandsAMSTERDAM 166723243.3744.441.680.611.07
MexicoBMV 131532340.4643.402.111.081.04
PortugalLISBON 7324932.8837.502.501.630.88
UAEUAE 207843640.5842.862.241.440.80
SingaporeSGX 201184528842.1733.962.291.610.68
USPREFERRED 49223312947.3655.360.820.240.58
Austria WIENERBORSE 1000.000.000.000.000.00
FOREXFOREX 2000.000.000.000.000.00
USAMEX 5312322.6425.000.080.42-0.33
JordanASE 2301062746.0925.471.521.92-0.41
KuwaitKSE 3611493841.2725.501.812.23-0.42
USOTCBB 229340.9133.331.224.33-3.11
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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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.

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