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 1/1/2016
Stock Exchange 
Per Trade 
Total Net% Descending
FOREXFOREX 332100.0066.6750.000.3349.67
CanadaCSE 67421562.6935.7110.384.146.24
ArgentinaBUE 112764267.8655.266.371.115.26
KuwaitKSE 97552756.7049.096.511.674.84
TurkeyBIST 29318710263.8254.555.551.104.44
IndonesiaIDX 31420210364.3350.995.371.164.21
USAMEX 43728815665.9054.175.521.613.91
EgyptEGX 53433517762.7352.844.961.273.69
NetherlandsAMSTERDAM 2351709372.3454.714.270.753.52
South KoreaKOSDAQ 2356158896867.4460.924.440.973.47
USNASDAQ 30412056119867.8158.104.471.063.41
PakistanKSE 60937219261.0851.614.771.513.26
IndiaNSE 2341149979464.0352.974.461.303.16
IndiaBSE 42612802135865.7648.474.711.653.06
USOTC PINK 2563163871764.2243.566.413.413.00
Vietnam HOSE 66640023060.0657.503.810.992.81
BangladeshDSE 31919610061.4451.023.710.992.72
USWARRANTS 107370.0042.865.142.432.71
Greece ATHENS 84654277.3864.623.430.862.57
PortugalLISBON 32211565.6371.433.000.482.52
IsraelTASE 48630716963.1755.053.300.862.44
South KoreaKRX 1972134974468.4155.153.230.862.37
JapanTOKYO 49753381194668.0057.523.310.992.32
The World 56606375021974966.3152.613.541.242.31
BelgiumBRUSSELS 75502666.6752.002.960.702.26
JapanFUKUOKA 98588.8962.503.251.002.25
SwedenSTOCKHOLM 81354526867.0449.173.511.352.16
CanadaTSX-V 2601495457.3136.
Vietnam HNX 2711466753.8745.893.571.472.10
TaiwanGTSM 105466033362.6250.453.151.062.09
NorwayOSE 2071597476.8146.543.481.402.08
RussiaMICEX 2841969769.0149.493.141.072.07
CanadaTSX 125489447371.4552.792.860.862.00
ThailandSET 95458529161.3249.743.051.052.00
BrazilBOVESPA 2491707868.2745.883.121.141.98
Saudi ArabiaTADAWUL 1701247272.9458.062.900.931.97
Poland GPW 59536719061.8551.633.661.751.91
ChinaSZSE 1934129765167.0650.
DenmarkCOPENHAGEN 131924470.2347.833.121.241.88
UKLSE 29031987104268.5852.342.941.151.79
USNYSE 40272876172671.4459.992.430.711.72
TaiwanTWSE 127879442362.1353.272.550.831.71
QatarQE 62391962.9048.722.440.771.67
ChinaSSE 147199150867.3751.262.741.131.61
Hong KongHKEX 2788166968159.8640.803.491.961.53
SpainIBEX 2091467869.8653.422.490.971.52
FrancePARIS 75551325968.0850.392.230.741.49
JapanNAGOYA 48331368.7539.392.701.211.48
MexicoBMV 1911327469.1156.062.521.071.45
ItalyBORSA 115882043270.8152.682.410.971.44
OmanMSM 2112557.1441.672.330.921.42
UAEUAE 79502363.2946.002.341.081.26
AustraliaASX 92660128265.0146.842.541.371.16
GermanyXETRA 1522109156871.9451.871.890.731.16
SwitzerlandSIX 37227114472.8553.141.540.531.01
JapanTOKYO 222100.00100.
UAEUAE 111100.00100.
MalaysiaBURSA 94449720552.6541.252.561.570.99
PhilippinesPSE 1711074462.5741.121.881.230.64
USPREFERRED 35323111865.4451.080.980.380.61
IndonesiaIDX 52140.0050.000.500.000.50
Austria WIENERBORSE 55381669.0942.111.370.950.42
USFOREX 118572.7362.500.630.250.38
PakistanKSE 331100.0033.330.330.000.33
SingaporeSGX 3522077858.8137.681.841.800.04
SpainIBEX 1000.
FrancePARIS 1000.
GermanyXETRA 1000.
IsraelTASE 21050.
Greece ATHENS 1000.
ChinaSSE 21050.
ChileBCS 1000.
SwitzerlandSIX 1000.
BelgiumBRUSSELS 1000.
Austria WIENERBORSE 1000.
ItalyBORSA 1000.
NetherlandsAMSTERDAM 1000.
PortugalLISBON 1000.
PhilippinesPSE 111100.00100.
TaiwanGTSM 1000.
SingaporeSGX 110100.
TurkeyBIST 2000.
Vietnam HOSE 220100.
Hong KongHKEX 221100.0050.000.000.50-0.50
Poland GPW 21050.
MalaysiaBURSA 110100.
JordanASE 94491752.1334.691.572.57-1.00
JapanSAPPORO 21050.
ChileBCS 63150.0033.331.002.00-1.00
ThailandSET 31033.330.000.001.00-1.00
ArgentinaBUE 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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