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 187538.8971.4360.432.7157.71
CanadaCSE 65221333.8559.0912.321.7310.59
USOTC PINK 2500101546340.8445.3510.203.456.75
ArgentinaBUE 125634050.4063.497.321.106.22
IndiaBSE 2833113065339.8957.796.971.205.77
IndiaNSE 230592448840.0952.816.591.385.21
NorwayOSE 61824711539.9746.566.721.625.10
OmanMSM 7918922.7850.005.670.894.78
ChinaSZSE 67634322450.7465.315.270.634.64
ChinaSSE 58128919449.7467.135.100.504.61
South KoreaKOSDAQ 3295138084641.8861.305.020.864.16
Hong KongHKEX 67392577125538.2448.705.161.343.82
South KoreaKRX 3427139484040.6860.264.450.643.81
USNASDAQ 3739159989142.8255.654.751.103.65
EgyptEGX 48820110941.1954.234.791.323.47
USAMEX 77233518143.3954.034.611.163.45
Greece ATHENS 214844739.2555.954.991.813.18
Saudi ArabiaTADAWUL 2781258144.9664.803.820.823.01
UKLSE 3337135676640.6756.453.890.912.98
TurkeyBIST 3026120458839.7948.844.011.022.98
The World 81233343191780742.2751.864.041.162.88
BrazilBOVESPA 88933918038.4752.634.001.432.57
JapanSAPPORO 72128.5750.003.000.502.50
IndonesiaIDX 192766329634.4144.653.601.122.48
SwedenSTOCKHOLM 140059230342.2951.183.501.152.35
AustraliaASX 4214180186242.7447.863.931.652.29
RussiaMICEX 3471366739.1949.263.431.152.28
JapanTOKYO 71693433181247.8952.783.100.852.25
FrancePARIS 124452226842.0451.243.341.102.25
JapanNAGOYA 74291539.1951.722.720.552.17
TaiwanGTSM 2718106355439.1152.122.990.822.17
BelgiumBRUSSELS 130633148.4649.212.570.492.08
ItalyBORSA 64926415240.8357.362.580.532.05
IsraelTASE 2611035739.4655.342.960.932.03
TaiwanTWSE 4184179997743.0054.312.570.611.96
CanadaTSX 3766170483645.2549.063.261.341.93
Austria WIENERBORSE 4415834.0953.332.470.601.87
USNYSE 37421756104746.9359.622.380.541.84
DenmarkCOPENHAGEN 3431607746.6548.132.841.061.78
SpainIBEX 3931679042.4953.892.891.181.71
QatarQE 87372042.5354.052.110.491.62
SwitzerlandSIX 63530316047.7252.812.130.601.53
GermanyXETRA 72033518046.5353.732.270.861.41
CanadaTSX-V 148662923242.4636.774.693.361.33
MalaysiaBURSA 3123124451439.8341.322.701.391.32
MexicoBMV 140582641.4344.832.050.981.07
NetherlandsAMSTERDAM 172783445.3543.591.620.640.97
UAEUAE 224883839.2943.182.191.410.78
JapanFUKUOKA 158353.3337.501.630.880.75
SingaporeSGX 211088631342.1335.212.321.580.74
PortugalLISBON 7625932.8936.002.401.760.64
USPREFERRED 49423212946.9655.600.780.240.55
USAMEX 5714524.5635.710.430.360.07
Austria WIENERBORSE 1000.000.000.000.000.00
FOREXFOREX 2000.000.000.000.000.00
KuwaitKSE 3991594439.8527.672.082.19-0.11
JordanASE 2441132846.3124.781.551.88-0.34
USOTCBB 269334.6233.331.223.44-2.22
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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