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 1/1/2020
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
ArgentinaBUE 42150.0050.0017.001.5015.50
South KoreaKOSDAQ 32266.67100.001.500.001.50
SwedenSTOCKHOLM 111100.00100.001.000.001.00
JapanTOKYO 332100.0066.670.670.000.67
OmanMSM 48241054.1738.461.581.000.58
IsraelTASE 42150.0050.000.500.000.50
ChinaSSE 97577.7871.430.430.000.43
UAEUAE 65383.3360.000.600.200.40
MalaysiaBURSA 54180.0025.000.500.250.25
USFOREX 1310576.9250.000.500.300.20
PakistanKSE 118272.7325.000.130.000.13
DenmarkCOPENHAGEN 3463370.231.230.090.000.09
The World 128077112361364.930.740.060.020.04
SingaporeSGX 6031156.050.300.020.000.02
NorwayOSE 6691160.990.250.010.000.01
RussiaMICEX 5521169.020.260.010.000.01
TaiwanGTSM 21666262.000.150.010.000.00
IndiaNSE 46651162.620.030.000.000.00
South KoreaKOSDAQ 44753162.030.040.010.000.00
ItalyBORSA 28883369.530.150.000.000.00
USAMEX 14874169.130.100.030.020.00
IsraelTASE 11582166.060.130.000.000.00
Hong KongHKEX 53441160.070.030.000.000.00
IndiaBSE 83753163.800.020.000.000.00
UKLSE 66151166.500.020.000.000.00
USNYSE 96502269.270.030.000.000.00
JapanTOKYO 97242165.070.020.000.000.00
TaiwanTWSE 27170063.890.000.000.000.00
TaiwanGTSM 1000.000.000.000.000.00
TurkeyBIST 5730064.750.000.000.000.00
TurkeyBIST 2000.000.000.000.000.00
ThailandSET 24810060.300.000.000.000.00
UKLSE 1000.000.000.000.000.00
USNASDAQ 77340068.090.000.000.000.00
SingaporeSGX 110100.000.000.000.000.00
Vietnam HNX 3960056.570.000.000.000.00
USWARRANTS 2120058.020.000.000.000.00
USPREFERRED 7510067.110.000.000.000.00
BrazilBOVESPA 10020067.070.000.000.000.00
BelgiumBRUSSELS 1000.000.000.000.000.00
BelgiumBRUSSELS 1810059.120.000.000.000.00
AustraliaASX 24580063.790.000.000.000.00
Austria WIENERBORSE 2050070.240.000.000.000.00
Austria WIENERBORSE 1000.000.000.000.000.00
CanadaCSE 2800054.640.000.000.000.00
CanadaTSX-V 6990057.080.000.000.000.00
ArgentinaBUE 4940073.480.000.000.000.00
FOREXFOREX 221100.0050.000.500.500.00
SwitzerlandSIX 11320070.760.000.000.000.00
SwitzerlandSIX 1000.000.000.000.000.00
ChileBCS 1000.000.000.000.000.00
ChileBCS 1400055.000.000.000.000.00
Greece ATHENS 1000.000.000.000.000.00
Greece ATHENS 2260074.340.000.000.000.00
FrancePARIS 18590063.640.000.000.000.00
FrancePARIS 1000.000.000.000.000.00
SpainIBEX 4580064.630.000.000.000.00
SpainIBEX 1000.000.000.000.000.00
GermanyXETRA 46530068.450.000.000.000.00
GermanyXETRA 1000.000.000.000.000.00
ChinaSZSE 54580064.160.000.000.000.00
IndiaNSE 110100.000.000.000.000.00
South KoreaKRX 38420063.270.000.000.000.00
KuwaitKSE 2470067.210.000.000.000.00
EgyptEGX 12700057.870.000.000.000.00
JordanASE 1360051.470.000.000.000.00
JapanNAGOYA 740059.460.000.000.000.00
JapanFUKUOKA 190073.680.000.000.000.00
IndonesiaIDX 8570061.490.000.000.000.00
ItalyBORSA 1000.000.000.000.000.00
MalaysiaBURSA 17730054.650.000.000.000.00
MexicoBMV 4460068.830.000.000.000.00
UAEUAE 1080060.190.000.000.000.00
Saudi ArabiaTADAWUL 4330062.820.000.000.000.00
NetherlandsAMSTERDAM 1000.000.000.000.000.00
NetherlandsAMSTERDAM 7180065.880.000.000.000.00
RussiaMICEX 111100.00100.000.000.000.00
PortugalLISBON 700071.430.000.000.000.00
PortugalLISBON 1000.000.000.000.000.00
PakistanKSE 9070064.610.000.000.000.00
PhilippinesPSE 4650058.490.000.000.000.00
PhilippinesPSE 333100.00100.000.000.000.00
CanadaTSX 31941068.100.000.000.000.00
Poland GPW 9741063.240.000.000.000.00
USOTC PINK 46111068.180.000.000.000.00
ChinaSSE 42695165.450.040.000.000.00
SwedenSTOCKHOLM 18062066.170.000.000.000.00
Vietnam HOSE 13543060.190.000.000.000.00
BangladeshDSE 6773162.040.240.010.02-0.01
QatarQE 1381055.800.000.000.03-0.03
BangladeshDSE 550100.000.000.000.40-0.40
Vietnam HOSE 32066.670.000.000.50-0.50
Hong KongHKEX 221100.0050.000.000.50-0.50
IndonesiaIDX 73142.8633.330.331.00-0.67
ThailandSET 41025.000.000.001.00-1.00
BrazilBOVESPA 110100.000.000.001.00-1.00
Poland GPW 31033.330.000.001.00-1.00
JapanSAPPORO 21050.000.000.001.00-1.00
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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