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
ArgentinaBUE 2051328364.3962.888.011.146.87
USWARRANTS 149664.2966.675.890.895.00
TurkeyBIST 64740722962.9156.
Greece ATHENS 130925670.7760.875.751.354.40
IndiaNSE 44882833158463.1255.915.561.304.25
IndonesiaIDX 80347824259.5350.635.441.194.25
EgyptEGX 116469435559.6251.155.221.463.77
South KoreaKOSDAQ 41302661160264.5860.074.821.063.76
IndiaBSE 69794502229064.5150.875.371.713.66
USNASDAQ 64004381250168.4557.094.871.223.65
BrazilBOVESPA 54438119970.0452.234.520.993.54
BelgiumBRUSSELS 1831226766.6754.924.040.593.45
ChileBCS 2812742.8658.334.170.753.42
IsraelTASE 89158932566.1155.
USAMEX 107774038968.7152.574.481.353.13
TaiwanGTSM 2182139775564.0254.044.060.973.09
ChinaSZSE 36232527139169.7555.054.481.403.08
PakistanKSE 100660330659.9450.754.691.623.07
NorwayOSE 38626512368.6546.424.541.543.00
Poland GPW 99861331861.4251.884.331.552.78
FrancePARIS 1549102459866.1158.403.480.762.73
The World 109135714213836865.5053.673.891.292.60
USOTC PINK 48213073133364.3842.946.073.492.58
PortugalLISBON 63402363.4957.503.651.082.58
CanadaTSX 27781885103167.8554.693.500.942.56
SwedenSTOCKHOLM 148498949066.6449.543.991.472.52
Saudi ArabiaTADAWUL 39728015970.5356.793.390.972.42
UAEUAE 124763761.2948.683.531.112.42
Vietnam HOSE 124874240059.4653.913.481.062.42
KuwaitKSE 2481477459.2750.343.991.592.41
JapanTOKYO 106717014399165.7356.903.441.062.38
QatarQE 156914758.3351.653.341.012.33
CanadaCSE 123762861.7936.847.475.182.29
South KoreaKRX 37202424135665.1655.943.190.912.28
PhilippinesPSE 43225612359.2648.053.661.382.28
USNYSE 81405661334569.5559.093.090.842.25
BangladeshDSE 64938818459.9447.303.491.242.25
ChinaSSE 2674186796369.8251.583.481.322.16
Vietnam HNX 41524311458.5546.913.681.542.14
UKLSE 56383761199866.9952.903.151.152.01
TaiwanTWSE 2741173193163.1553.782.770.891.88
ThailandSET 1853107546858.0143.533.151.341.81
CanadaTSX-V 3952208755.7039.555.053.251.80
SpainIBEX 42428616267.4556.643.151.361.79
RussiaMICEX 36825212168.4848.022.871.101.77
MalaysiaBURSA 2006106146952.8944.203.411.661.75
Hong KongHKEX 50323059133360.9343.483.812.071.74
GermanyXETRA 30612145124570.0858.042.420.761.66
SwitzerlandSIX 76354930871.9556.102.110.621.49
DenmarkCOPENHAGEN 2781919268.7148.172.621.151.47
AustraliaASX 1773114957264.8149.782.911.511.40
ItalyBORSA 2299157983168.6852.632.350.981.37
MexicoBMV 36125613870.9153.912.230.931.31
JapanFUKUOKA 1712670.5950.003.081.831.25
JapanNAGOYA 93612665.5942.622.571.331.25
NetherlandsAMSTERDAM 50535821670.8960.341.940.731.21
Austria WIENERBORSE 159984861.6448.981.940.871.07
SingaporeSGX 82847820157.7342.052.361.331.03
USPREFERRED 58038721666.7255.811.380.420.96
JapanTOKYO 332100.0066.670.670.000.67
IndonesiaIDX 52140.0050.000.500.000.50
MalaysiaBURSA 221100.0050.001.000.500.50
USFOREX 129575.0055.560.560.220.33
ChinaSSE 54280.0050.
PakistanKSE 772100.0028.570.140.000.14
OmanMSM 49271055.1037.041.521.440.07
PortugalLISBON 1000.
RussiaMICEX 111100.00100.
TaiwanGTSM 1000.
TurkeyBIST 2000.
SingaporeSGX 110100.
UKLSE 1000.
BelgiumBRUSSELS 1000.
SwitzerlandSIX 1000.
Austria WIENERBORSE 1000.
BangladeshDSE 220100.
FrancePARIS 1000.
Greece ATHENS 1000.
GermanyXETRA 1000.
SpainIBEX 1000.
ChileBCS 1000.
South KoreaKOSDAQ 1000.
IsraelTASE 21050.
IndiaNSE 110100.
ItalyBORSA 1000.
NetherlandsAMSTERDAM 1000.
PhilippinesPSE 333100.00100.
UAEUAE 43175.0033.330.330.330.00
Hong KongHKEX 221100.0050.000.000.50-0.50
Vietnam HOSE 220100.
JordanASE 157843053.5035.711.672.33-0.67
ThailandSET 41025.
Poland GPW 21050.
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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