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 147550.0071.4359.141.5757.57
CanadaCSE 78281435.9050.0011.182.548.64
USOTC PINK 2601106748441.1045.2810.193.526.67
ArgentinaBUE 140684348.5763.246.871.105.76
IndiaBSE 2961117267639.5857.686.901.205.70
NorwayOSE 65426212440.0647.337.021.555.47
IndiaNSE 250198851539.5052.136.551.455.10
ChinaSSE 66431921048.0465.834.770.524.24
ChinaSZSE 75737023948.8864.594.860.684.19
South KoreaKOSDAQ 3462145690442.0662.094.960.844.12
South KoreaKRX 3567144286840.6559.864.500.623.88
USAMEX 82235819343.5553.914.921.163.76
Hong KongHKEX 71192742132838.5248.435.031.353.68
USNASDAQ 4126174498142.2956.224.751.113.65
EgyptEGX 52721511440.8053.024.691.333.37
Greece ATHENS 229945341.0556.384.821.723.10
PhilippinesPSE 31133.33100.003.000.003.00
Saudi ArabiaTADAWUL 2951278343.0565.353.800.832.96
UKLSE 3472141079940.6156.673.840.902.94
TurkeyBIST 3179128063140.2649.303.931.002.93
The World 86393365231890342.2951.743.991.172.82
BrazilBOVESPA 93435519238.0154.084.081.382.70
JapanSAPPORO 72128.5750.003.000.502.50
SwedenSTOCKHOLM 152164533142.4151.323.501.132.37
IsraelTASE 2771116240.0755.863.290.952.33
FrancePARIS 128252727441.1151.993.451.122.32
IndonesiaIDX 209173031934.9143.703.441.142.30
OmanMSM 5211721.1563.642.820.552.27
JapanTOKYO 76673627190347.3152.473.080.862.22
TaiwanGTSM 2961117161739.5552.693.000.802.20
AustraliaASX 4482191390342.6847.203.821.682.14
JapanNAGOYA 79301537.9750.002.630.572.07
RussiaMICEX 3671406638.1547.143.291.272.01
ArgentinaBUE 31133.33100.002.000.002.00
DenmarkCOPENHAGEN 3651778648.4948.592.981.021.95
BelgiumBRUSSELS 136653247.7949.232.490.541.95
ItalyBORSA 68628615941.6955.592.490.551.95
TaiwanTWSE 45771988107643.4354.122.500.621.88
Austria WIENERBORSE 4415834.0953.332.470.601.87
USNYSE 39901891112947.3959.702.340.541.80
CanadaTSX 3983179786545.1248.143.131.361.76
SpainIBEX 4031739642.9355.492.891.161.73
PortugalLISBON 78261033.3338.463.231.691.54
SwitzerlandSIX 66031416447.5852.232.080.641.44
MalaysiaBURSA 3375135456640.1241.802.801.371.43
CanadaTSX-V 162569825242.9536.104.793.411.39
QatarQE 97391940.2148.721.870.541.33
GermanyXETRA 76136119547.4454.022.371.041.33
NetherlandsAMSTERDAM 175783744.5747.441.670.631.04
MexicoBMV 149622941.6146.771.970.941.03
ThailandSET 21150.00100.001.000.001.00
SingaporeSGX 21150.00100.001.000.001.00
MalaysiaBURSA 21150.00100.001.000.001.00
UAEUAE 240974240.4243.302.331.440.89
SingaporeSGX 222894133642.2435.712.331.540.79
JapanFUKUOKA 148357.1437.501.630.880.75
USPREFERRED 50323913147.5154.810.810.230.58
USFOREX 6919527.5426.320.370.320.05
BangladeshDSE 2000.000.000.000.000.00
AustraliaASX 51020.000.000.000.000.00
BelgiumBRUSSELS 1000.000.000.000.000.00
Austria WIENERBORSE 1000.000.000.000.000.00
FOREXFOREX 2000.000.000.000.000.00
SwitzerlandSIX 21050.000.000.000.000.00
Greece ATHENS 1000.000.000.000.000.00
IsraelTASE 3000.000.000.000.000.00
SpainIBEX 2000.000.000.000.000.00
FrancePARIS 1000.000.000.000.000.00
ItalyBORSA 1000.000.000.000.000.00
NetherlandsAMSTERDAM 1000.000.000.000.000.00
TaiwanGTSM 1000.000.000.000.000.00
TurkeyBIST 110100.000.000.000.000.00
PortugalLISBON 2000.000.000.000.000.00
Poland GPW 1000.000.000.000.000.00
PakistanKSE 3000.000.000.000.000.00
PeruBVL 41025.000.000.000.000.00
Vietnam HOSE 21050.000.000.000.000.00
UKLSE 3000.000.000.000.000.00
KuwaitKSE 4361714539.2226.321.922.22-0.30
UAEUAE 83137.5033.330.000.33-0.33
JordanASE 2551162845.4924.141.481.92-0.44
USOTCBB 229340.9133.330.673.44-2.78
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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