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 138661.5475.0055.631.3854.25
USOTC PINK 234496243941.0445.6310.533.487.05
ArgentinaBUE 126593846.8364.417.640.906.75
NorwayOSE 59524111640.5048.137.601.436.17
IndiaBSE 2733107059839.1555.896.171.284.89
ChinaSZSE 68531920346.5763.645.490.774.72
IndiaNSE 237491247038.4251.546.171.464.71
ChinaSSE 52924216045.7566.125.000.664.34
South KoreaKOSDAQ 3052127277741.7460.995.120.864.26
ChileBCS 111100.00100.004.000.004.00
USAMEX 78934218343.3553.514.951.143.80
South KoreaKRX 3225128775339.9158.514.420.653.77
USNASDAQ 4033168693641.8155.524.761.123.64
Hong KongHKEX 66662562123838.4348.324.941.363.59
EgyptEGX 52120610339.5450.004.671.253.41
Greece ATHENS 192723937.5054.175.261.883.39
UKLSE 3160128173540.5457.383.960.863.09
PhilippinesPSE 31133.33100.003.000.003.00
DenmarkCOPENHAGEN 3271527846.4851.323.971.032.94
PakistanKSE 3821376535.8647.454.021.122.90
CanadaCSE 9431932.9829.036.423.552.87
PhilippinesPSE 74125012034.0147.624.151.292.86
TurkeyBIST 3111122360639.3149.553.841.002.84
Poland GPW 115841221435.5851.944.031.302.73
The World 90994379681929341.7350.813.891.172.72
BangladeshDSE 177974636041.9348.263.821.132.69
FrancePARIS 118448725341.1351.953.691.062.63
BrazilBOVESPA 89335219339.4254.833.791.272.51
JapanSAPPORO 72128.5750.003.000.502.50
IndonesiaIDX 193768529735.3643.363.611.132.48
SwedenSTOCKHOLM 148562532142.0951.363.611.142.47
Austria WIENERBORSE 4213830.9561.542.850.462.38
IsraelTASE 2561035040.2348.543.481.102.38
RussiaMICEX 3801527840.0051.323.541.222.32
JapanTOKYO 73033466181747.4652.423.070.852.22
AustraliaASX 4129174283242.1947.763.791.622.17
TaiwanGTSM 2880113060339.2453.362.890.772.12
SpainIBEX 3801649143.1655.493.311.222.09
ItalyBORSA 64227414442.6852.552.550.552.00
ArgentinaBUE 31133.33100.002.000.002.00
Saudi ArabiaTADAWUL 182765041.7665.792.950.991.96
CanadaTSX 3678162276744.1047.293.231.391.83
USNYSE 38101784105846.8559.272.410.581.82
TaiwanTWSE 43211904103644.0654.412.400.601.80
ThailandSET 4405176676940.0943.542.771.101.67
JapanNAGOYA 75311441.3345.162.130.481.65
SwitzerlandSIX 60229716149.3454.212.170.601.58
CanadaTSX-V 155466023342.4735.304.963.401.56
GermanyXETRA 66230816246.5352.602.410.931.49
PortugalLISBON 74241032.4341.672.921.501.42
OmanMSM 5214826.9257.142.290.931.36
MalaysiaBURSA 3193126652139.6541.152.681.351.33
BelgiumBRUSSELS 128593046.0950.852.080.761.32
QatarQE 90341837.7852.941.790.501.29
Vietnam HOSE 110648120543.4942.622.671.381.28
NetherlandsAMSTERDAM 152653342.7650.771.800.571.23
UAEUAE 205843640.9842.862.511.381.13
Vietnam HNX 5752188637.9139.452.941.941.00
SingaporeSGX 31133.33100.001.000.001.00
ThailandSET 21150.00100.001.000.001.00
MalaysiaBURSA 21150.00100.001.000.001.00
SingaporeSGX 207287031041.9935.632.251.580.67
USPREFERRED 46621712046.5755.300.820.230.60
MexicoBMV 150612740.6744.261.511.030.48
USFOREX 6919627.5431.580.420.320.11
Greece ATHENS 1000.000.000.000.000.00
IsraelTASE 3000.000.000.000.000.00
ItalyBORSA 1000.000.000.000.000.00
FrancePARIS 1000.000.000.000.000.00
SpainIBEX 4000.000.000.000.000.00
AustraliaASX 51020.000.000.000.000.00
Austria WIENERBORSE 1000.000.000.000.000.00
BangladeshDSE 2000.000.000.000.000.00
BelgiumBRUSSELS 1000.000.000.000.000.00
SwitzerlandSIX 21050.000.000.000.000.00
FOREXFOREX 2000.000.000.000.000.00
Poland GPW 1000.000.000.000.000.00
PakistanKSE 3000.000.000.000.000.00
NetherlandsAMSTERDAM 1000.000.000.000.000.00
PeruBVL 41025.000.000.000.000.00
PortugalLISBON 4000.000.000.000.000.00
UKLSE 3000.000.000.000.000.00
TaiwanGTSM 1000.000.000.000.000.00
TurkeyBIST 110100.000.000.000.000.00
Vietnam HOSE 21050.000.000.000.000.00
JordanASE 2111032848.8227.181.641.77-0.13
KuwaitKSE 3621444039.7827.782.202.37-0.17
UAEUAE 83137.5033.330.000.33-0.33
JapanFUKUOKA 115145.4520.000.401.20-0.80
USOTCBB 83037.500.000.006.33-6.33
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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