BULLISH MATCHING LOW
The chart showing Series 1 series.
To evaluate the performance of the pattern in your stock exchange within the context of other global markets, please refer to the table below. Locate your stock market to see its ranking among others. This will provide insights into the pattern’s strength and reliability, aiding you in your buying and selling decisions.
BULLISH MATCHING LOW
Definition
This pattern occurs when two black candlesticks appear with equal closes during a downtrend. The Matching Low pattern suggests that a bottom has been established, despite the new low being tested and no follow-through occurring. This indicates a strong support level.
Recognition Criteria
1. The market is currently defined by a dominant downward trend.
2. On the first day, a black candlestick is observed.
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 a strong black candlestick on the first day. On the second day, the market opens higher, trades even higher, but ultimately closes at the same price as the previous day. This indicates short-term support and raises concerns for the bears. The key aspect reflecting the market psychology is the identical closing prices on both days, rather than the daily trading action.
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 set at the lower of the last two lows. After a BUY signal, the stop-loss is triggered if prices decline instead of rising and either close below the stop-loss level or record two consecutive daily lows below it, without any bearish pattern being detected.
Title
Pattern Performance in Stock Exchanges since 1/1/2022
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
TurkeyBIST 123452831543.2758.996.811.075.74
EgyptEGX 212076246136.6559.336.711.065.65
IndiaNSE 3490126368436.9653.026.751.335.42
IndiaBSE 4080143870636.2047.806.491.624.87
PakistanPSX 92731916635.6050.306.031.404.63
USNASDAQ 68622795140942.0348.865.951.744.21
Poland GPW 243696644640.4445.285.491.583.91
KuwaitBOURSA KUWAIT 75527515237.0954.294.280.773.51
IndonesiaIDX 5342191982936.6242.384.491.303.19
CanadaTSXV 4680168373636.6542.926.123.013.11
USAMEX 115850724344.9146.734.321.233.09
NorwayOSE 90235216640.3545.604.711.623.08
SwedenOMX STOCKHOLM 2517105451642.9947.694.581.523.06
JapanNSE 158642941.7743.943.810.793.02
CanadaCSE 147951419535.5637.076.753.872.88
Vietnam HOSE 188176143840.8856.963.700.832.86
ArgentinaBCBA 52426314552.4852.733.911.102.81
South KoreaKOSDAQ 50162082108242.3650.923.971.172.80
IsraelTASE 72026113738.0650.004.161.382.78
USOTC MARKETS 4081161565341.6338.437.064.372.69
Hong KongHKEX 109594159180038.7142.434.401.732.68
BrazilBOVESPA 239795345440.9346.283.871.242.63
TaiwanTPEx 63082601138541.8452.483.480.862.62
UKLSE 62062310117338.5948.983.711.192.52
ChinaSZSE 60222546135743.0852.313.450.942.51
ChinaSSE 58622537140544.0354.443.220.762.46
South KoreaKRX 50892136114442.7252.623.280.872.40
The WorldWORLD MARKETS 183353743193548141.6846.433.831.432.40
Vietnam HNX 85233915240.9643.553.911.522.39
CanadaTSX 4638196892343.6445.603.811.452.37
BangladeshDSE 3264114654436.2445.983.601.332.27
Saudi ArabiaTADAWUL 132057832444.6255.012.830.592.24
ChileBCS 187834244.9250.003.060.992.07
TaiwanTWSE 90084017210845.4451.502.840.782.07
FrancePARIS 2899114654340.7046.023.341.292.06
Greece ATHEX 55021810840.0049.093.071.121.95
GermanyXETRA 2484111554945.8148.242.951.021.93
PhilippinesPSE 142350121135.9841.213.131.211.92
UAEDFM-ADX 63123910838.6744.262.780.891.89
Austria WIENERBÖRSE 2881265644.4443.752.881.021.86
JapanTSE 133336026292746.2847.442.740.921.82
ItalyMILAN 175574935944.1046.382.851.081.77
AustraliaASX 127645267219842.2440.764.062.311.75
USNYSE 60712744141446.6049.982.420.811.61
QatarQE 169723443.2046.582.250.801.45
MexicoBMV 2451105046.1244.252.651.241.41
PortugalLISBON 129472536.4353.192.010.641.37
DenmarkOMX COPENHAGEN 53623910046.4640.162.511.181.34
ThailandSET 112244199161337.7938.032.861.661.19
BelgiumBRUSSELS 74131014242.6544.942.020.891.14
SwitzerlandSIX 162978937449.4846.401.700.691.02
NetherlandsAMSTERDAM 4281918347.2041.091.750.820.92
MalaysiaBURSA MALAYSIA 59982589103143.9039.163.142.460.68
JapanFSE 3917946.1550.001.350.720.63
SpainBME 74929111640.0538.671.871.430.45
SingaporeSGX 2849123143443.8434.751.731.430.30
JordanASE 141712451.7732.880.981.28-0.30
Patterns Total: The number of occurrences of this particular pattern during the specified period.
Confirmed Total: The number of detected patterns that were confirmed and converted into signals.
Profitable Signals: The number of confirmed patterns that resulted in profitable trades.
Confirmation %: The percentage of confirmed patterns relative to the total occurrences of this pattern.
Profitable Signal %: The percentage of successful confirmed patterns relative to the total confirmed patterns.
Per Trade Profit %: Total Profits divided by Total Trades.
Per Trade Loss %: Total Losses divided by Total Trades.
Per Trade Net%: (Total Profits minus Total Losses) divided by the Total Number of Trades.
Samples: Live sample ticker symbols from stock exchanges, with links to the related bulls.com© family websites’ stock pages.

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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