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 1/1/2020
Stock Exchange 
Per Trade 
Total Net% Descending
ArgentinaBUE 42150.0050.0017.001.5015.50
RussiaMICEX 443100.0075.008.500.508.00
TurkeyBIST 64842927566.2064.107.730.976.75
EgyptEGX 141682748758.4058.897.881.296.59
ArgentinaBUE 60344927774.4661.696.841.215.63
IndonesiaIDX 98661530662.3749.766.721.365.36
CanadaTSX-V 71340018456.1046.007.642.704.93
MalaysiaBURSA 1897103946554.7744.756.341.714.63
IndiaNSE 49853127177562.7556.755.621.194.43
Vietnam HNX 42624313657.0455.975.711.564.15
IndiaBSE 97936294316464.2850.265.261.603.65
South KoreaKOSDAQ 50953139179461.6757.104.661.143.51
USNASDAQ 88416001319467.8853.225.061.573.48
Poland GPW 104465534262.7452.215.041.623.42
NorwayOSE 78447322361.1046.565.041.673.37
Vietnam HOSE 148188852559.9659.
USAMEX 1769125768271.0654.
South KoreaKRX 43622729151762.5655.593.850.892.96
USOTC PINK 54923674166668.1944.496.003.092.91
TaiwanGTSM 2361145477361.8052.983.871.002.87
BelgiumBRUSSELS 2061197357.7761.343.580.762.82
PakistanKSE 99764332164.4949.924.421.612.81
FrancePARIS 2047130275163.6157.683.720.922.80
CanadaTSX 36152467134168.2454.363.650.972.68
IsraelTASE 131585847365.2555.133.721.052.68
The World 144257930104928664.9852.573.931.272.67
QatarQE 154904958.4454.443.520.892.63
BangladeshDSE 70043921362.7148.523.811.202.61
SwedenSTOCKHOLM 2138142273066.5151.344.111.532.58
PortugalLISBON 79582373.4239.663.631.222.41
ChinaSZSE 58683759200764.0653.393.511.122.39
ChinaSSE 46673055163165.4653.393.361.012.35
RussiaMICEX 45931517768.6356.193.200.942.27
Greece ATHENS 2571919674.3250.263.901.642.26
USNYSE 113187865453669.4957.673.160.902.26
KuwaitKSE 2651778666.7948.593.631.372.26
SpainIBEX 50131917463.6754.553.321.072.25
UKLSE 76205069261666.5251.613.351.222.13
PhilippinesPSE 48928412758.0844.723.651.532.12
Austria WIENERBORSE 34822512564.6655.563.171.132.04
DenmarkCOPENHAGEN 38226812170.1645.153.651.661.99
JapanTOKYO 107237036375465.6253.353.101.111.99
Hong KongHKEX 59753527150759.1642.634.012.031.98
Saudi ArabiaTADAWUL 49731517963.3856.832.710.791.93
AustraliaASX 2747174788563.6050.663.521.601.92
BrazilBOVESPA 116777339666.2451.
ItalyBORSA 33562324120869.3751.892.640.851.79
ThailandSET 2755165672660.1143.843.001.241.76
TaiwanTWSE 30501939100663.5751.882.690.941.75
GermanyXETRA 54153651200167.5254.732.560.841.71
UAEUAE 121764262.8155.262.741.081.66
ChileBCS 153824353.5952.442.610.981.63
NetherlandsAMSTERDAM 82253731565.3358.662.280.711.57
South KoreaKOSDAQ 32266.67100.001.500.001.50
CanadaCSE 3071766057.3334.095.904.561.34
SwitzerlandSIX 130691646070.1450.222.250.921.33
MexicoBMV 48132816268.1949.392.871.741.12
SwedenSTOCKHOLM 111100.00100.
TurkeyBIST 31133.33100.
ChinaSSE 119681.8266.670.670.000.67
JapanTOKYO 332100.0066.670.670.000.67
JordanASE 149741749.6622.973.512.890.62
OmanMSM 48241054.1738.461.581.000.58
JapanNAGOYA 75461961.3341.302.782.260.51
IsraelTASE 42150.0050.000.500.000.50
JapanFUKUOKA 1914573.6835.712.031.550.48
SingaporeSGX 64436113556.0637.401.961.490.47
UAEUAE 65383.3360.000.600.200.40
MalaysiaBURSA 64166.6725.000.500.250.25
USFOREX 1310576.9250.000.500.300.20
Austria WIENERBORSE 1000.
FOREXFOREX 221100.0050.000.500.500.00
BelgiumBRUSSELS 1000.
SwitzerlandSIX 1000.
Greece ATHENS 1000.
FrancePARIS 1000.
SpainIBEX 1000.
GermanyXETRA 1000.
ChileBCS 1000.
ItalyBORSA 1000.
IndiaNSE 110100.
NetherlandsAMSTERDAM 1000.
PhilippinesPSE 43375.00100.
PortugalLISBON 1000.
SingaporeSGX 110100.
TaiwanGTSM 1000.
UKLSE 1000.
BangladeshDSE 992100.0022.220.670.78-0.11
PakistanKSE 129275.0022.220.110.33-0.22
IndonesiaIDX 84250.0050.000.500.75-0.25
Vietnam HOSE 42050.
Hong KongHKEX 221100.0050.000.000.50-0.50
NorwayOSE 110100.
JapanSAPPORO 21050.
BrazilBOVESPA 110100.
AustraliaASX 110100.
ThailandSET 52040.
Poland GPW 31033.330.000.001.00-1.00
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


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