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 146442.8666.6766.503.1763.33
CanadaCSE 52181034.6255.5614.172.0012.17
USOTC PINK 240297444440.8045.3110.013.506.52
ArgentinaBUE 121624051.2464.527.441.026.42
IndiaBSE 2752110864340.2658.036.991.195.79
IndiaNSE 221790248040.6953.226.731.385.35
NorwayOSE 59623911440.1047.706.961.625.34
ChinaSZSE 63932721951.1766.975.490.624.86
OmanMSM 79191024.0552.635.580.844.74
ChinaSSE 57028619450.1867.835.160.504.66
South KoreaKOSDAQ 3178132482041.6661.935.130.854.27
South KoreaKRX 3314135181540.7760.334.630.653.97
Hong KongHKEX 65202488122538.1649.245.231.343.90
USNASDAQ 3544152984943.1455.534.801.113.69
USAMEX 73232317944.1355.424.761.113.65
Greece ATHENS 204804539.2256.255.101.833.28
Saudi ArabiaTADAWUL 2741248245.2666.134.000.813.19
EgyptEGX 47519410640.8454.644.291.273.02
UKLSE 3232132574641.0056.303.860.912.95
The World 78362331561726442.3252.054.081.172.91
TurkeyBIST 2930115656139.4548.533.941.032.91
BrazilBOVESPA 86033117838.4953.784.081.452.63
JapanSAPPORO 72128.5750.003.000.502.50
SwedenSTOCKHOLM 133356829042.6151.063.571.182.39
FrancePARIS 118950426042.3951.593.421.112.32
RussiaMICEX 3361356740.1849.633.431.122.31
AustraliaASX 4051172282342.5147.793.981.672.31
IndonesiaIDX 185963528534.1644.883.431.132.31
JapanTOKYO 69503325175847.8452.873.160.852.31
IsraelTASE 248955538.3157.893.130.922.21
BelgiumBRUSSELS 125603048.0050.002.700.522.18
JapanNAGOYA 70291541.4351.722.720.552.17
TaiwanGTSM 2604101553638.9852.813.000.832.17
ItalyBORSA 62925114140.0655.952.630.572.06
TaiwanTWSE 4027171894442.6654.952.600.602.00
CanadaTSX 3612163079945.1349.023.271.331.95
SpainIBEX 3801608742.1154.383.111.201.91
USNYSE 35861696101247.3059.672.410.541.87
Austria WIENERBORSE 4015837.5053.332.470.601.87
DenmarkCOPENHAGEN 3351567446.5747.442.901.081.82
QatarQE 82351842.6851.432.090.511.57
SwitzerlandSIX 61929615747.8253.042.140.601.53
CanadaTSX-V 143261623343.1637.704.873.371.50
GermanyXETRA 68731917346.4354.232.290.841.45
MalaysiaBURSA 3029120449739.7541.282.731.391.34
MexicoBMV 138572641.3045.612.091.001.09
NetherlandsAMSTERDAM 166743244.5843.241.640.591.04
UAEUAE 215863740.0043.022.221.430.79
SingaporeSGX 203886529942.4434.572.351.590.76
JapanFUKUOKA 158353.3337.501.630.880.75
PortugalLISBON 7625932.8936.002.401.760.64
USPREFERRED 48423012747.5255.220.790.240.55
Austria WIENERBORSE 1000.000.000.000.000.00
FOREXFOREX 2000.000.000.000.000.00
USAMEX 5513423.6430.770.310.38-0.08
KuwaitKSE 3801544240.5327.272.062.16-0.09
JordanASE 2351082745.9625.001.491.90-0.41
USOTCBB 228336.3637.501.383.63-2.25
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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