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 1/1/2018
Stock Exchange 
Per Trade 
Total Net% Descending
FOREXFOREX 332100.0066.6750.000.3349.67
USWARRANTS 48342170.8361.7620.943.6817.26
ArgentinaBUE 42150.0050.0017.001.5015.50
TurkeyBIST 58938823865.8761.347.491.086.41
ArgentinaBUE 28519012266.6764.217.130.886.25
EgyptEGX 100461733961.4554.947.101.465.65
CanadaCSE 1641094866.4644.049.484.245.24
IndonesiaIDX 69042621261.7449.776.421.255.17
USAMEX 113079543570.5354.585.891.164.72
USOTC PINK 54553627164766.6545.308.023.434.59
IndiaNSE 45242849160263.0456.175.721.244.48
USNASDAQ 58634041235769.0458.
NorwayOSE 43730714970.2548.535.301.333.97
Vietnam HNX 37521211556.5354.
MalaysiaBURSA 2095109649752.3245.355.451.623.83
South KoreaKOSDAQ 40632648159665.2260.234.810.983.83
IndiaBSE 72414727241765.3151.115.421.633.79
BelgiumBRUSSELS 1711076662.5761.684.250.573.68
IsraelTASE 95665237668.4157.494.570.913.66
Greece ATHENS 1471156878.2359.134.681.103.57
Poland GPW 101164634963.9054.025.041.573.47
PakistanKSE 102263633462.2352.524.861.583.28
FrancePARIS 1567105060867.0157.903.880.693.18
CanadaTSX 2525178999070.8555.344.050.933.12
NetherlandsAMSTERDAM 53637123569.2263.343.730.673.05
South KoreaKRX 35012322132066.3256.853.830.842.99
The World 110189727343939066.0554.
TaiwanGTSM 1899119763563.0353.053.951.012.94
CanadaTSX-V 47527210657.2638.976.103.202.90
Vietnam HOSE 117473542562.6157.823.830.962.87
RussiaMICEX 52034518166.3552.463.680.862.82
SwedenSTOCKHOLM 1509100952666.8752.134.131.392.73
BrazilBOVESPA 56838819269.7248.483.841.132.70
Saudi ArabiaTADAWUL 30621813771.2462.843.390.862.54
QatarQE 133794359.4054.433.280.772.51
USNYSE 74705303315970.9959.573.290.832.47
JapanTOKYO 92076056338765.7855.933.521.102.42
KuwaitKSE 1801075459.4450.473.981.642.34
UKLSE 56053831206668.3553.933.391.072.32
ChinaSZSE 40322647139365.6552.633.491.192.30
SpainIBEX 39326915468.4557.253.280.992.29
Austria WIENERBORSE 120854870.8356.473.281.012.27
PortugalLISBON 59382264.4157.893.210.952.26
PhilippinesPSE 39724010960.4545.423.491.252.25
ChinaSSE 29401933101865.7552.663.251.082.17
Hong KongHKEX 54003217135359.5742.
ThailandSET 2059120854858.6745.363.431.312.12
TaiwanTWSE 2401150381262.6054.032.930.862.07
BangladeshDSE 64937817858.2447.
GermanyXETRA 34452407139369.8757.872.760.742.02
DenmarkCOPENHAGEN 2591919973.7551.832.981.101.87
UAEUAE 137854162.0448.242.851.051.80
AustraliaASX 1885121160764.3050.083.201.481.72
ItalyBORSA 2255159285870.6053.892.620.911.70
MexicoBMV 36426014271.4354.622.701.011.69
SwitzerlandSIX 81559432073.8753.162.060.591.47
ChileBCS 55271149.0940.742.631.301.33
JapanFUKUOKA 2014770.0050.003.141.861.29
SingaporeSGX 67439916259.2040.602.571.401.17
USPREFERRED 58542024271.7957.621.530.431.10
JapanNAGOYA 87562464.3742.862.912.230.68
JapanTOKYO 332100.0066.670.670.000.67
OmanMSM 48241054.1738.461.581.000.58
IndonesiaIDX 62133.3350.000.500.000.50
UAEUAE 65383.3360.000.600.200.40
ChinaSSE 54280.0050.
MalaysiaBURSA 441100.0025.000.500.250.25
USFOREX 1310576.9250.000.500.300.20
PakistanKSE 772100.0028.570.140.000.14
PortugalLISBON 1000.
SingaporeSGX 110100.
RussiaMICEX 111100.00100.
TaiwanGTSM 1000.
UKLSE 1000.
TurkeyBIST 2000.
Austria WIENERBORSE 1000.
BangladeshDSE 220100.
BelgiumBRUSSELS 1000.
SwitzerlandSIX 1000.
Greece ATHENS 1000.
FrancePARIS 1000.
IsraelTASE 21050.
GermanyXETRA 1000.
SpainIBEX 1000.
ChileBCS 1000.
South KoreaKOSDAQ 21150.00100.
IndiaNSE 110100.
ItalyBORSA 1000.
NetherlandsAMSTERDAM 1000.
PhilippinesPSE 333100.00100.
JordanASE 128702354.6932.862.602.61-0.01
Vietnam HOSE 220100.
Hong KongHKEX 221100.0050.000.000.50-0.50
JapanSAPPORO 21050.
BrazilBOVESPA 110100.
ThailandSET 41025.
Poland GPW 31033.330.000.001.00-1.00
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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