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 208640.0075.0053.882.3851.50
CanadaCSE 76261334.2150.0011.422.359.08
USOTC PINK 2589105047340.9844.5810.053.466.59
ArgentinaBUE 133674350.3864.186.971.035.94
IndiaBSE 2904115467039.7458.067.021.185.84
IndiaNSE 241095550839.6353.196.561.365.20
NorwayOSE 63925212039.4447.626.651.585.07
ChinaSSE 63730320047.5766.014.950.504.46
ChinaSZSE 73235923049.0464.075.070.704.37
OmanMSM 8319922.8947.375.371.054.32
South KoreaKOSDAQ 3396142588341.9961.925.020.854.17
USAMEX 81334919342.9355.304.941.103.84
South KoreaKRX 3522143286440.7260.254.400.633.77
Hong KongHKEX 70212688129638.2948.215.051.363.69
USNASDAQ 3998170595342.6755.864.771.123.65
EgyptEGX 50320610940.9552.914.741.353.39
Greece ATHENS 221885039.8256.825.131.743.39
TurkeyBIST 3110123960839.8449.074.031.013.02
UKLSE 3432140779841.0356.683.850.892.96
Saudi ArabiaTADAWUL 2861278344.4165.353.800.842.96
The World 84630357341851042.2651.764.001.172.84
BrazilBOVESPA 91234918738.3853.434.031.402.63
JapanSAPPORO 72128.5750.003.000.502.50
IndonesiaIDX 202470830934.9843.643.521.142.38
IsraelTASE 2711086139.8556.483.270.902.37
SwedenSTOCKHOLM 147962832042.4650.963.501.162.34
RussiaMICEX 3551386738.8748.553.381.162.22
JapanTOKYO 74763536185947.3452.533.080.862.22
TaiwanGTSM 2900113659439.1752.293.000.812.19
AustraliaASX 4355186488842.8547.593.851.672.18
JapanNAGOYA 74291539.1951.722.720.552.17
FrancePARIS 125951926941.3851.633.111.102.01
BelgiumBRUSSELS 134653248.5149.232.490.511.98
DenmarkCOPENHAGEN 3521668247.1649.402.981.031.95
ItalyBORSA 67327815241.3154.682.500.551.95
TaiwanTWSE 44821941104743.3153.942.500.621.88
Austria WIENERBORSE 4415834.0953.332.470.601.87
CanadaTSX 3910176285545.0648.523.191.351.83
USNYSE 39191854111247.3159.982.360.541.82
SpainIBEX 4021739543.0354.912.981.171.81
PortugalLISBON 78261033.3338.463.231.691.54
SwitzerlandSIX 65130816347.3152.922.110.611.50
CanadaTSX-V 158367324442.6436.154.823.391.43
QatarQE 94371939.3651.351.970.571.41
MalaysiaBURSA 3260131254140.2541.232.781.381.40
GermanyXETRA 74835318847.1953.262.381.071.31
MexicoBMV 144602741.6745.001.980.971.02
NetherlandsAMSTERDAM 176783544.3244.871.620.630.99
SingaporeSGX 219192433042.3135.602.331.540.79
JapanFUKUOKA 138361.5437.501.630.880.75
UAEUAE 234944040.1742.552.091.370.71
USPREFERRED 50923813246.7655.460.810.230.58
USAMEX 6017628.3335.290.350.290.06
TurkeyBIST 1000.000.000.000.000.00
Austria WIENERBORSE 1000.000.000.000.000.00
FOREXFOREX 2000.000.000.000.000.00
KuwaitKSE 4301634337.9126.381.992.17-0.18
JordanASE 2491142845.7824.561.541.89-0.35
USOTCBB 279333.3333.331.223.44-2.22
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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