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 1/1/2021
Stock Exchange 
Per Trade 
Total Net% Descending
ArgentinaBUE 42150.0050.0017.001.5015.50
RussiaMICEX 443100.0075.008.500.508.00
EgyptEGX 135178747658.2560.489.261.277.99
TurkeyBIST 60741126367.8763.838.911.037.88
IndonesiaIDX 105463831660.5349.536.951.405.55
MalaysiaBURSA 172696044155.6245.946.811.575.24
Vietnam HNX 42525213959.2955.166.631.575.07
CanadaTSX-V 68339318257.5446.317.462.804.66
IndiaNSE 49563202181964.6156.815.751.164.59
ArgentinaBUE 1871357772.1957.046.361.854.51
IndiaBSE 104276780346165.1150.985.491.533.96
USNASDAQ 94656444348468.1654.015.181.513.68
South KoreaKOSDAQ 52473259178862.1554.834.511.203.31
IsraelTASE 138491652066.1856.774.341.053.29
Poland GPW 102164232662.9850.704.911.673.24
BelgiumBRUSSELS 2231418763.2361.703.860.723.13
PakistanKSE 103166632464.6048.654.671.613.06
USOTC PINK 59923941179768.1743.995.982.953.03
Vietnam HOSE 148091353761.6958.823.991.032.97
USAMEX 1782128069471.8354.
NorwayOSE 84252223162.0044.254.671.772.90
South KoreaKRX 44572800156162.8255.753.780.902.89
TaiwanGTSM 2339144577962.1253.613.830.962.88
ChinaSZSE 60753880210263.8754.
CanadaCSE 2971726857.9139.536.874.102.77
The World 148739964085140265.5852.703.981.252.73
ChinaSSE 49673270177665.8354.313.661.032.63
CanadaTSX 37092519140867.9755.853.550.942.61
BangladeshDSE 67041520961.9450.363.851.272.57
KuwaitKSE 2821838664.8946.993.911.352.56
SwedenSTOCKHOLM 2325155178666.8050.614.221.662.55
Saudi ArabiaTADAWUL 54034320163.5258.603.270.762.51
PortugalLISBON 82531970.7332.763.451.082.37
DenmarkCOPENHAGEN 39828313371.1147.003.871.522.36
Hong KongHKEX 55823287146158.8944.454.311.962.35
SpainIBEX 49031316763.8853.353.361.052.32
FrancePARIS 2092134076964.0557.393.300.992.31
USNYSE 118408307477170.1657.433.070.902.18
Austria WIENERBORSE 34822712565.2355.073.361.202.16
UKLSE 78815319279967.4952.623.331.232.10
Greece ATHENS 2511858773.7147.033.651.572.08
JapanTOKYO 110547327397366.2854.
QatarQE 175964954.8651.042.830.772.06
UAEUAE 138814058.7049.382.880.971.91
TaiwanTWSE 31471998106463.4953.252.810.911.90
PhilippinesPSE 48027612657.5045.653.501.631.87
ChileBCS 167904953.8954.442.610.881.73
BrazilBOVESPA 125584142367.0150.302.911.191.72
NetherlandsAMSTERDAM 86258034267.2958.972.470.781.69
ItalyBORSA 35232483130570.5952.472.550.871.68
ThailandSET 2904175276060.3343.382.881.241.63
GermanyXETRA 57763993218369.1354.672.460.851.61
AustraliaASX 2773176088163.4750.063.211.631.58
South KoreaKOSDAQ 32266.67100.001.500.001.50
SwitzerlandSIX 1418100851771.0951.292.360.911.45
PakistanKSE 1310376.9230.001.500.301.20
MexicoBMV 48733616468.9948.812.781.621.16
TurkeyBIST 31133.33100.
SwedenSTOCKHOLM 111100.00100.
JapanFUKUOKA 118372.7337.501.971.160.80
SingaporeSGX 60333913256.2238.942.121.320.79
ChinaSSE 129675.0066.670.670.000.67
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
JordanASE 123661353.6619.703.002.910.09
PortugalLISBON 1000.
PhilippinesPSE 43375.00100.
RussiaMICEX 4610068.550.
SingaporeSGX 110100.
UKLSE 1000.
TaiwanGTSM 1000.
SwitzerlandSIX 1000.
BelgiumBRUSSELS 2000.
Austria WIENERBORSE 1000.
FOREXFOREX 221100.0050.000.500.500.00
SpainIBEX 1000.
FrancePARIS 1000.
Greece ATHENS 1000.
GermanyXETRA 1000.
ChileBCS 1000.
ItalyBORSA 1000.
IndiaNSE 110100.
MexicoBMV 2000.
NetherlandsAMSTERDAM 2000.
BangladeshDSE 992100.0022.220.670.78-0.11
JapanNAGOYA 71432160.5648.841.892.13-0.24
IndonesiaIDX 84250.0050.000.500.75-0.25
Vietnam HOSE 53060.
Hong KongHKEX 221100.0050.000.000.50-0.50
Poland GPW 42050.
ThailandSET 52040.
NorwayOSE 110100.
JapanSAPPORO 21050.
BrazilBOVESPA 110100.
AustraliaASX 110100.
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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