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.
This pattern occurs during a downtrend. The first day’s black candlestick is followed by a white candlestick that opens sharply lower and closes at the same level as the prior session’s close. It is similar to the Piercing Line pattern. However, the amount the second day rebounds is different. The Piercing Line’s second day closes above the midpoint of the first day’s body, while the second day the Bullish Meeting Line closes the same as the first day. Consequently, the Piercing Line is a more significant bottom reversal. Nonetheless, the Bullish Meeting Line deserves due respect as well.
Recognition Criteria
1. The market is characterized by a prevailing downtrend.
2. On the first day a black candlestick is observed.
3. Then, we see a white candlestick on the second day.
4. The closing prices are the same or almost the same on both days.
Pattern Requirements and Flexibility
The Bullish Meeting Line consists of two candlesticks, first a black candlestick then a white candlestick; both not short. The closing prices of both days should be the same or almost the same.
Trader’s Behavior
The occurrence of this pattern reflects a stalemate between bulls and bears. The market is in a downtrend when a strong black candlestick is formed, which further supports the trend. The next day opens sharply lower causing the bears to feel more confident. Then the bulls start a counterattack pushing prices up and leading to a close equal to (or very close to) the previous close. The downtrend is now breached.
Buy/Stop Loss Levels
The confirmation level is defined as the last close. Prices should cross above this level for confirmation.

The stop loss level is defined as the last low. 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.
Pattern Performance in Stock Exchanges since 1/1/2016
Stock Exchange 
Per Trade 
Total Net% Descending
FOREXFOREX 332100.0066.6750.000.3349.67
ArgentinaBUE 32166.6750.0017.001.5015.50
ArgentinaBUE 148975865.5459.796.341.005.34
IndonesiaIDX 40926113163.8150.195.641.164.49
TurkeyBIST 38924313862.4756.795.111.104.01
KuwaitKSE 127743758.2750.005.301.543.76
EgyptEGX 67541321461.1951.824.851.443.41
South KoreaKOSDAQ 29751988117266.9258.864.421.083.34
CanadaCSE 89592066.2933.908.515.173.34
IndiaNSE 30871951104163.2353.334.621.323.30
USNASDAQ 37212527143168.3756.
NetherlandsAMSTERDAM 30422613274.3458.413.790.733.06
IndiaBSE 51483349164265.0549.034.701.653.05
IsraelTASE 58237421464.2657.223.680.802.89
USOTC PINK 3343212792663.9243.336.163.392.77
PakistanKSE 74145822861.8149.784.411.712.70
Vietnam HOSE 77847426160.9355.063.571.032.54
Greece ATHENS 96714473.9661.973.701.172.54
USAMEX 72749826768.5053.613.751.262.49
PortugalLISBON 38261768.4265.382.880.622.27
QatarQE 91532658.2449.063.150.892.26
BangladeshDSE 44325612357.7948.053.341.112.24
CanadaTSX-V 3071706255.3736.475.273.042.24
RussiaMICEX 34023012067.6552.173.180.962.22
The World 70905468692449666.1952.193.441.252.19
Vietnam HNX 2821467251.7749.323.561.402.16
JapanTOKYO 61414192234968.2656.
SwedenSTOCKHOLM 103569334066.9649.063.521.402.11
BrazilBOVESPA 2902009368.9746.503.131.042.09
ChinaSZSE 2459165484967.2651.333.291.222.07
BelgiumBRUSSELS 98633464.2953.972.710.672.05
TaiwanGTSM 130882441263.0050.
CanadaTSX 1635114061069.7253.512.830.881.95
South KoreaKRX 2635179095268.1253.042.830.911.92
Saudi ArabiaTADAWUL 2001428071.5055.942.830.931.90
Poland GPW 66841520862.2850.003.581.691.89
JapanFUKUOKA 119581.8255.562.891.001.89
NorwayOSE 2681989074.2545.
DenmarkCOPENHAGEN 1671216072.4649.592.981.211.78
ChinaSSE 1850125664667.8951.432.861.101.76
JapanNAGOYA 59391766.1043.592.901.151.74
ThailandSET 121371833059.1945.962.811.161.65
FrancePARIS 95965735168.6153.342.350.711.64
MexicoBMV 2201549070.0058.442.520.911.61
USNYSE 51073638215071.2959.052.330.751.58
UKLSE 36612489128368.1851.402.711.151.56
SpainIBEX 2641839969.3254.102.550.991.55
Hong KongHKEX 3583211986759.3140.803.492.011.48
TaiwanTWSE 1590100952563.4652.032.300.911.39
GermanyXETRA 1941139374871.8753.622.090.721.37
AustraliaASX 113175435966.8447.492.621.321.30
OmanMSM 2917858.6247.062.000.711.29
ItalyBORSA 136496451070.8252.802.180.941.24
UAEUAE 91552560.4445.452.331.111.22
MalaysiaBURSA 125466827753.2741.472.591.511.07
UAEUAE 111100.00100.
JapanTOKYO 222100.00100.
SwitzerlandSIX 47133918271.9753.691.550.600.95
PhilippinesPSE 2251365560.4440.442.201.260.94
USPREFERRED 40627014566.5053.701.040.390.65
IndonesiaIDX 52140.0050.000.500.000.50
MalaysiaBURSA 221100.0050.001.000.500.50
SingaporeSGX 4402709761.3635.932.141.690.45
Austria WIENERBORSE 88572864.7749.121.250.860.39
USFOREX 129575.0055.560.560.220.33
PakistanKSE 772100.0028.570.140.000.14
RussiaMICEX 111100.00100.
SingaporeSGX 110100.
TurkeyBIST 2000.
TaiwanGTSM 1000.
SpainIBEX 1000.
FrancePARIS 1000.
GermanyXETRA 1000.
Greece ATHENS 1000.
IsraelTASE 21050.
SwitzerlandSIX 1000.
ChinaSSE 32066.670.
ChileBCS 1000.
Austria WIENERBORSE 1000.
BelgiumBRUSSELS 1000.
ItalyBORSA 1000.
IndiaNSE 110100.
NetherlandsAMSTERDAM 1000.
PortugalLISBON 1000.
PhilippinesPSE 111100.00100.
Hong KongHKEX 221100.0050.000.000.50-0.50
Vietnam HOSE 220100.
ThailandSET 31033.330.000.001.00-1.00
Poland GPW 21050.
JapanSAPPORO 21050.
ChileBCS 73142.8633.331.002.00-1.00
JordanASE 116631954.3130.161.372.59-1.22
USWARRANTS 74157.1425.001.255.50-4.25
USOTCBB 75171.4320.000.407.40-7.00
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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