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 69441563.7734.099.914.235.68
ArgentinaBUE 124804564.5256.
KuwaitKSE 105582955.2450.006.291.624.67
IndonesiaIDX 33321211063.6651.895.431.154.28
TurkeyBIST 31720211363.7255.945.401.154.25
EgyptEGX 57935518561.3152.114.841.353.49
NetherlandsAMSTERDAM 2481809972.5855.004.190.743.44
IndiaNSE 2437156684964.2654.214.681.273.41
South KoreaKOSDAQ 2428164399867.7160.714.350.973.38
USNASDAQ 31632154126668.2658.644.401.043.36
IndiaBSE 43852900142666.1349.174.831.623.20
USOTC PINK 2711176577965.1444.116.383.293.09
USAMEX 61341723168.0355.404.271.292.98
PakistanKSE 64739920061.6750.134.501.532.97
Greece ATHENS 86664376.7465.153.770.852.92
Vietnam HOSE 69141423559.9156.763.791.022.77
USWARRANTS 117363.6442.865.142.432.71
RussiaMICEX 29820410368.4650.493.571.032.54
BangladeshDSE 35321210660.0650.003.531.062.47
PortugalLISBON 33221666.6772.732.910.452.45
IsraelTASE 50532117763.5655.143.300.872.42
The World 59497395682100566.5353.073.551.222.32
JapanTOKYO 51833529201668.0957.
CanadaTSX-V 2711535656.4636.605.383.122.25
JapanFUKUOKA 98588.8962.503.251.002.25
South KoreaKRX 2072141878568.4455.363.110.882.23
BelgiumBRUSSELS 75512768.0052.942.840.692.16
ChinaSZSE 2019134969066.8251.153.371.232.14
TaiwanGTSM 109368334662.4950.663.181.052.13
Poland GPW 61938420462.2052.993.761.682.08
SwedenSTOCKHOLM 83856827867.7848.943.461.382.08
NorwayOSE 2201677875.9146.713.431.402.03
DenmarkCOPENHAGEN 138984871.0148.983.211.231.98
Saudi ArabiaTADAWUL 1721247272.0958.062.900.931.97
CanadaTSX 132294150471.1853.562.820.871.95
Vietnam HNX 2831506853.0045.333.411.471.93
JapanNAGOYA 51361670.5944.443.061.141.92
ThailandSET 99060929561.5248.442.941.091.85
ChinaSSE 1529103553467.6951.592.981.141.85
BrazilBOVESPA 2631798168.0645.252.971.131.84
QatarQE 69432062.3246.512.700.861.84
USNYSE 43063123191372.5361.262.450.681.77
UKLSE 30982136112668.9552.722.911.161.75
SpainIBEX 2271578769.1655.412.610.931.68
FrancePARIS 80655128668.3651.912.360.721.64
TaiwanTWSE 134484444762.8052.962.540.921.61
Hong KongHKEX 2964176272559.5541.083.491.951.54
MexicoBMV 2021388068.3257.972.571.071.51
ItalyBORSA 120184745570.5253.722.440.951.49
GermanyXETRA 1610115461671.7453.332.060.721.33
UAEUAE 81512462.9647.062.351.061.29
OmanMSM 2213559.0938.462.150.921.23
AustraliaASX 98064230365.6147.122.501.351.15
SwitzerlandSIX 38928115372.2454.451.570.521.05
UAEUAE 111100.00100.
JapanTOKYO 222100.00100.
MalaysiaBURSA 101253321852.6740.902.571.580.99
PhilippinesPSE 1861154861.8341.741.901.200.70
USPREFERRED 35723012064.4352.171.070.390.67
IndonesiaIDX 52140.0050.000.500.000.50
MalaysiaBURSA 221100.0050.001.000.500.50
USFOREX 118572.7362.500.630.250.38
PakistanKSE 331100.0033.330.330.000.33
Austria WIENERBORSE 59401667.8040.001.230.930.30
SingaporeSGX 3732268460.5937.171.821.750.07
ItalyBORSA 1000.
IndiaNSE 110100.
NetherlandsAMSTERDAM 1000.
PortugalLISBON 1000.
PhilippinesPSE 111100.00100.
SpainIBEX 1000.
FrancePARIS 1000.
GermanyXETRA 1000.
IsraelTASE 21050.
Greece ATHENS 1000.
ChinaSSE 21050.
ChileBCS 1000.
SwitzerlandSIX 1000.
BelgiumBRUSSELS 1000.
Austria WIENERBORSE 1000.
TaiwanGTSM 1000.
SingaporeSGX 110100.
TurkeyBIST 2000.
Vietnam HOSE 220100.
Hong KongHKEX 221100.0050.000.000.50-0.50
JordanASE 100511851.0035.291.552.47-0.92
ThailandSET 31033.330.000.001.00-1.00
ChileBCS 63150.0033.331.002.00-1.00
Poland GPW 21050.
JapanSAPPORO 21050.
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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