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 1/1/2020
Stock Exchange 
Per Trade 
Total Net% Descending
ArgentinaBUE 42150.0050.0017.001.5015.50
RussiaMICEX 333100.00100.0011.330.0011.33
South KoreaKOSDAQ 32266.67100.001.500.001.50
TurkeyBIST 31133.33100.
SwedenSTOCKHOLM 111100.00100.
ChinaSSE 97577.7871.430.710.000.71
JapanTOKYO 332100.0066.670.670.000.67
OmanMSM 48241054.1738.461.581.000.58
IsraelTASE 42150.0050.000.500.000.50
UAEUAE 65383.3360.000.600.200.40
MalaysiaBURSA 64166.6725.000.500.250.25
USFOREX 1310576.9250.000.500.300.20
PakistanKSE 118272.7325.
DenmarkCOPENHAGEN 3573370.591.
The World 136375113562065.090.700.050.020.04
SingaporeSGX 6321156.
RussiaMICEX 5671168.780.
TaiwanGTSM 22656261.940.
IndiaNSE 48581162.620.
South KoreaKOSDAQ 47143161.960.
ItalyBORSA 31373369.530.
IsraelTASE 12402165.
USAMEX 16324170.
Hong KongHKEX 56201159.820.
NorwayOSE 7232161.550.
IndiaBSE 91323163.910.
UKLSE 71231166.380.
USNYSE 105132269.550.
JapanTOKYO 102202165.470.
SingaporeSGX 110100.
TaiwanTWSE 28700063.970.
TaiwanGTSM 1000.
TurkeyBIST 6250066.
UKLSE 1000.
ThailandSET 26310060.430.
Vietnam HNX 3990056.640.
USNASDAQ 84000068.
BrazilBOVESPA 10880066.730.
BelgiumBRUSSELS 1000.
BelgiumBRUSSELS 1920059.380.
ArgentinaBUE 5380074.
FOREXFOREX 221100.0050.000.500.500.00
Austria WIENERBORSE 1000.
CanadaCSE 3010056.
CanadaTSX-V 7130056.380.
AustraliaASX 26110063.960.
SwitzerlandSIX 12070071.
SwitzerlandSIX 1000.
ChileBCS 1000.
ChileBCS 1500055.330.
Greece ATHENS 1000.
Greece ATHENS 2480074.
FrancePARIS 19510063.760.
FrancePARIS 1000.
SpainIBEX 4740063.920.
SpainIBEX 1000.
GermanyXETRA 49830068.
GermanyXETRA 1000.
ChinaSZSE 56980064.
IndiaNSE 110100.
South KoreaKRX 40490063.470.
KuwaitKSE 2520067.860.
EgyptEGX 13660058.
JordanASE 1520051.320.
JapanNAGOYA 750061.330.
JapanFUKUOKA 190073.680.
IndonesiaIDX 9300062.
ItalyBORSA 1000.
MalaysiaBURSA 18560054.580.
MexicoBMV 4670068.740.
UAEUAE 1211061.980.
Saudi ArabiaTADAWUL 4680063.460.
NetherlandsAMSTERDAM 1000.
NetherlandsAMSTERDAM 7720066.320.
PortugalLISBON 740072.970.
PortugalLISBON 1000.
PakistanKSE 9590064.440.
PhilippinesPSE 4840058.470.
PhilippinesPSE 333100.00100.
CanadaTSX 34141068.570.
USOTC PINK 50341068.
ChinaSSE 44515165.400.
SwedenSTOCKHOLM 19702066.450.
Vietnam HOSE 14273059.990.
Austria WIENERBORSE 3333165.470.460.010.02-0.01
BangladeshDSE 6823162.610.230.010.02-0.01
Poland GPW 10291062.880.000.000.02-0.02
QatarQE 1471056.460.000.000.03-0.03
BangladeshDSE 992100.0022.220.670.78-0.11
IndonesiaIDX 84250.0050.000.500.75-0.25
Vietnam HOSE 42050.
Hong KongHKEX 221100.0050.000.000.50-0.50
Poland GPW 31033.330.000.001.00-1.00
JapanSAPPORO 21050.
BrazilBOVESPA 110100.
ThailandSET 52040.
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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