BULLISH MEETING LINE
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.
BULLISH MEETING LINE
Definition
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.
Title
Pattern Performance in Stock Exchanges since 1/1/2018
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
FOREXFOREX 332100.0066.6750.000.3349.67
USWARRANTS 30231576.6765.2234.654.4830.17
ArgentinaBUE 42150.0050.0017.001.5015.50
TurkeyBIST 56336422264.6560.997.791.116.68
ArgentinaBUE 26517311065.2863.587.060.956.11
CanadaCSE 1591024564.1544.129.814.095.73
EgyptEGX 95059333162.4255.827.091.425.67
IndonesiaIDX 66841220261.6849.036.641.275.37
USAMEX 107375541470.3654.836.201.195.01
USOTC PINK 52003433157066.0245.738.043.434.61
IndiaNSE 43592751155763.1156.605.791.254.54
USNASDAQ 55693871224769.5658.005.321.254.07
IndiaBSE 69674544233065.2251.285.511.643.87
NorwayOSE 41929114169.4548.455.161.333.84
South KoreaKOSDAQ 39652596156265.4760.174.790.993.80
BelgiumBRUSSELS 1641056464.0260.954.300.583.72
IsraelTASE 92863135868.0056.744.460.943.52
PakistanKSE 96259631561.9552.855.061.573.49
Poland GPW 99363334163.7553.874.961.583.38
FrancePARIS 1509100057766.2757.703.950.693.25
Greece ATHENS 1421126578.8758.044.361.133.22
Vietnam HNX 35420110556.7852.244.511.333.18
MalaysiaBURSA 2029105246851.8544.494.811.663.14
NetherlandsAMSTERDAM 52736423369.0764.013.780.663.13
CanadaTSX-V 45325710056.7338.916.303.253.06
BrazilBOVESPA 52836218468.5650.834.191.153.04
CanadaTSX 2439172695170.7755.103.980.953.03
Vietnam HOSE 110569640662.9958.333.950.972.97
The World 106338700543785465.9154.014.211.262.95
RussiaMICEX 49932817365.7352.743.780.852.93
SwedenSTOCKHOLM 148999151466.6951.764.151.372.78
South KoreaKRX 34102249127266.0456.483.560.842.72
TaiwanGTSM 1845116761563.2552.703.761.042.72
Austria WIENERBORSE 107734268.2257.533.420.902.52
QatarQE 130774159.2353.253.300.812.49
Saudi ArabiaTADAWUL 30021513471.6762.333.280.862.43
USNYSE 72495130302670.8258.943.250.842.41
JapanTOKYO 89765888327765.6055.663.501.112.39
SpainIBEX 38626515468.6558.113.340.972.36
ChinaSZSE 38552547134466.0752.773.511.192.33
UKLSE 54313686199367.9853.983.391.072.32
PortugalLISBON 58382265.5257.893.210.952.26
Hong KongHKEX 52143097130459.4042.114.172.012.16
KuwaitKSE 1801085460.0050.003.811.662.15
ChinaSSE 2816185997766.0252.563.221.092.13
DenmarkCOPENHAGEN 2541849472.4451.093.221.132.09
GermanyXETRA 32992274131069.1157.462.750.742.01
PhilippinesPSE 37221910258.8746.583.241.242.00
ThailandSET 2000116752058.3544.563.301.341.97
TaiwanTWSE 2318144877262.4753.312.810.861.95
BangladeshDSE 61735816958.0247.213.121.191.94
UAEUAE 135834161.4849.402.890.991.90
SwitzerlandSIX 77256430873.0654.612.400.591.81
ItalyBORSA 2179152182369.8554.072.650.911.74
AustraliaASX 1811116658264.3849.913.211.481.73
MexicoBMV 34524813271.8853.232.661.011.65
ChileBCS 55271149.0940.742.631.301.33
JapanFUKUOKA 1914773.6850.003.141.861.29
USPREFERRED 59442023970.7156.901.480.421.06
SingaporeSGX 66539415859.2540.102.481.431.05
JapanNAGOYA 81532365.4343.403.062.280.77
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 54280.0050.000.250.000.25
MalaysiaBURSA 441100.0025.000.500.250.25
USFOREX 1310576.9250.000.500.300.20
JordanASE 123662253.6633.332.732.580.15
PakistanKSE 772100.0028.570.140.000.14
BelgiumBRUSSELS 1000.000.000.000.000.00
SwitzerlandSIX 1000.000.000.000.000.00
Austria WIENERBORSE 1000.000.000.000.000.00
BangladeshDSE 220100.000.000.000.000.00
Greece ATHENS 1000.000.000.000.000.00
FrancePARIS 1000.000.000.000.000.00
GermanyXETRA 1000.000.000.000.000.00
SpainIBEX 1000.000.000.000.000.00
ChileBCS 1000.000.000.000.000.00
ItalyBORSA 1000.000.000.000.000.00
IndiaNSE 110100.000.000.000.000.00
IsraelTASE 21050.000.000.000.000.00
South KoreaKOSDAQ 21150.00100.000.000.000.00
NetherlandsAMSTERDAM 1000.000.000.000.000.00
PhilippinesPSE 333100.00100.000.000.000.00
UKLSE 1000.000.000.000.000.00
TaiwanGTSM 1000.000.000.000.000.00
TurkeyBIST 2000.000.000.000.000.00
SingaporeSGX 110100.000.000.000.000.00
PortugalLISBON 1000.000.000.000.000.00
RussiaMICEX 111100.00100.000.000.000.00
Vietnam HOSE 220100.000.000.000.50-0.50
Hong KongHKEX 221100.0050.000.000.50-0.50
JapanSAPPORO 21050.000.000.001.00-1.00
BrazilBOVESPA 110100.000.000.001.00-1.00
Poland GPW 31033.330.000.001.00-1.00
ThailandSET 41025.000.000.001.00-1.00
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

Disclaimers:

Government regulations require disclosure of the fact that while these methods may have worked in the past, past results are not necessarily indicative of future results. While there is a potential for profits there is also a risk of loss. There is substantial risk in security trading. Losses incurred in connection with trading stocks or futures contracts can be significant. You should therefore carefully consider whether such trading is suitable for you in the light of your financial condition since all speculative trading is inherently risky and should only be undertaken by individuals with adequate risk capital. Neither Americanbulls.com LLC, nor Candlesticker.com makes any claims whatsoever regarding past or future performance. All examples, charts, histories, tables, commentaries, or recommendations are for educational or informational purposes only.

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