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 1/1/2017
Stock Exchange 
Per Trade 
Total Net% Descending
FOREXFOREX 332100.0066.6750.000.3349.67
ArgentinaBUE 32166.6750.0017.001.5015.50
USWARRANTS 1712870.5966.679.081.008.08
ArgentinaBUE 2281459263.6063.457.921.066.87
TurkeyBIST 65941523662.9756.877.031.145.89
Greece ATHENS 127945574.0258.515.641.224.41
IndiaNSE 46472934165063.1456.245.561.294.27
IndonesiaIDX 84950725259.7249.705.431.244.19
EgyptEGX 119271236759.7351.545.431.453.98
IndiaBSE 72524690240064.6751.175.521.703.83
South KoreaKOSDAQ 42072723163964.7360.194.861.053.81
USNASDAQ 66774571261868.4657.274.631.223.42
BelgiumBRUSSELS 1931287266.3256.254.040.643.40
BrazilBOVESPA 59241321269.7651.334.380.983.40
CanadaTSX-V 43024210156.2841.746.403.043.36
USAMEX 112577741669.0753.544.641.313.33
TaiwanGTSM 2272145078463.8254.074.190.973.22
PakistanKSE 103462632160.5451.284.811.613.20
ChinaSZSE 38492671146869.3954.964.481.383.10
IsraelTASE 97365836067.6354.714.031.013.02
Poland GPW 106966534962.2152.484.521.523.01
NorwayOSE 40227412668.1645.994.461.562.89
USOTC PINK 53953462150164.9142.866.333.492.84
South KoreaKRX 36392372134065.1856.493.600.902.71
FrancePARIS 1596104761165.6058.363.440.752.70
The World 113406743464000365.6053.783.971.292.67
CanadaTSX 28841967108868.2055.313.580.942.64
SwedenSTOCKHOLM 1532102350566.7849.364.071.472.60
ChileBCS 44231352.2756.523.170.612.57
UAEUAE 129793961.2449.373.591.092.51
Vietnam HOSE 127776442359.8355.373.531.042.49
PortugalLISBON 66412362.1256.103.561.102.46
Saudi ArabiaTADAWUL 41028816670.2457.643.410.962.45
CanadaCSE 132833162.8837.357.294.842.45
Vietnam HNX 42125111759.6246.614.001.562.44
JapanTOKYO 109827235412465.8857.003.471.052.41
ChinaSSE 28231948100369.0051.493.621.312.31
USNYSE 83905867347669.9359.253.090.832.27
QatarQE 160944958.7552.133.240.992.26
BangladeshDSE 65939418759.7947.463.471.252.22
MalaysiaBURSA 2131112950852.9845.003.751.622.13
UKLSE 59163968212067.0753.433.181.132.05
PhilippinesPSE 45026612659.1147.373.381.391.99
TaiwanTWSE 2837178896963.0254.192.820.871.96
Hong KongHKEX 52423198139761.0143.683.972.011.95
RussiaMICEX 39326412767.1848.
ThailandSET 1960114449758.3743.443.231.361.88
Austria WIENERBORSE 73492767.1255.102.590.881.71
KuwaitKSE 2551487458.0450.003.291.591.70
GermanyXETRA 32472271131869.9758.012.380.771.60
SpainIBEX 44129416566.6756.122.931.351.58
DenmarkCOPENHAGEN 2912029969.4249.012.651.121.53
AustraliaASX 1878122961865.4450.283.001.481.52
JapanFUKUOKA 2014770.0050.003.211.791.43
MexicoBMV 38427114370.5752.772.340.941.40
SwitzerlandSIX 81458832372.2454.932.050.651.40
NetherlandsAMSTERDAM 53037322970.3861.392.040.731.31
ItalyBORSA 2393164686968.7852.792.291.001.29
JapanNAGOYA 95642867.3743.752.611.331.28
SingaporeSGX 87650121357.1942.512.411.321.09
USPREFERRED 65444824868.5055.361.320.440.88
JapanTOKYO 332100.0066.670.670.000.67
IndonesiaIDX 52140.0050.000.500.000.50
MalaysiaBURSA 221100.0050.001.000.500.50
UAEUAE 65383.3360.000.600.200.40
OmanMSM 48261054.1738.461.581.310.27
ChinaSSE 54280.0050.
USFOREX 1310576.9250.000.500.300.20
PakistanKSE 772100.0028.570.140.000.14
ItalyBORSA 1000.
IndiaNSE 110100.
IsraelTASE 21050.
South KoreaKOSDAQ 1000.
NetherlandsAMSTERDAM 1000.
PhilippinesPSE 333100.00100.
BelgiumBRUSSELS 1000.
SwitzerlandSIX 1000.
Austria WIENERBORSE 1000.
BangladeshDSE 220100.
FrancePARIS 1000.
SpainIBEX 1000.
Greece ATHENS 1000.
ChileBCS 1000.
GermanyXETRA 1000.
TaiwanGTSM 1000.
UKLSE 1000.
SingaporeSGX 110100.
TurkeyBIST 2000.
PortugalLISBON 1000.
RussiaMICEX 111100.00100.
Vietnam HOSE 220100.
Hong KongHKEX 221100.0050.000.000.50-0.50
JordanASE 161873054.0434.481.612.28-0.67
Poland GPW 21050.
ThailandSET 41025.
BrazilBOVESPA 110100.
JapanSAPPORO 21050.
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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