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 1/1/2014
Stock Exchange 
Per Trade 
Total Net% Descending
CanadaCSE 149364.2933.3310.003.116.89
Greece ATHENS 64422965.6369.057.380.646.74
IndiaBSE 32202155129866.9360.236.501.125.38
ArgentinaBUE 60392965.0074.365.820.625.21
ChinaSZSE 1388105872576.2268.536.311.135.18
IndiaNSE 1793118775466.2663.476.020.945.08
JapanFUKUOKA 73342.86100.
South KoreaKOSDAQ 1997136592568.4067.725.560.654.91
EgyptEGX 59237020162.5054.325.741.284.46
PakistanKSE 50331819463.2261.015.331.014.33
Poland GPW 57835120860.9059.
TaiwanGTSM 115171143061.7760.484.480.673.81
USOTC PINK 2013129662764.6848.166.352.713.64
ChinaSSE 102377548475.7662.454.791.193.60
BelgiumBRUSSELS 102704468.6362.863.860.333.53
PhilippinesPSE 2001347767.5057.
SwedenSTOCKHOLM 60642022569.3153.574.381.253.13
BrazilBOVESPA 25718011770.4364.643.780.703.09
Saudi ArabiaTADAWUL 23616810471.1961.904.000.923.08
The World 53763363032184667.5860.124.040.963.08
South KoreaKRX 1630109170866.9964.843.610.573.04
USNASDAQ 46013190206069.4264.503.730.742.99
IsraelTASE 40228117069.9060.503.630.652.99
JapanTOKYO 52073562223668.4162.773.680.782.91
USAMEX 58239821568.5653.884.081.182.91
CanadaTSX 139395556768.5659.373.670.802.87
UAEUAE 64422467.1955.813.630.792.84
UKLSE 27001826108467.6359.363.801.062.73
IndonesiaIDX 35721010558.8250.003.701.002.70
TaiwanTWSE 136986551863.1859.883.260.582.68
Hong KongHKEX 2160137470063.6150.954.171.522.65
ThailandSET 71544323361.9652.603.510.872.63
DenmarkCOPENHAGEN 120794265.8353.163.370.782.58
BangladeshDSE 2801799563.9353.073.530.962.57
SpainIBEX 2211478266.5255.783.731.282.46
TurkeyBIST 31419810463.0652.533.380.972.41
USNYSE 42063037196872.2864.742.960.652.31
ChileBCS 64366.6775.
MalaysiaBURSA 70439318855.8247.843.321.202.11
FrancePARIS 74450230267.4760.162.570.681.89
Vietnam HOSE 58834917259.3549.
AustraliaASX 77049928464.8156.912.811.011.80
QatarQE 68442364.7152.272.640.841.80
GermanyXETRA 1398101160772.7559.692.380.601.77
MexicoBMV 1891257666.6760.322.370.681.69
JapanNAGOYA 43281465.1250.002.390.711.68
Vietnam HNX 2561576361.3340.133.521.941.58
ItalyBORSA 118383246470.3355.772.460.971.49
NorwayOSE 1901397374.2151.773.351.891.47
SwitzerlandSIX 33624214572.0259.922.020.561.45
RussiaMICEX 1461024969.8648.042.671.231.44
ArgentinaBUE 43275.0066.672.331.001.33
MalaysiaBURSA 333100.00100.001.330.001.33
NetherlandsAMSTERDAM 25418711273.6259.891.850.591.26
PortugalLISBON 38231060.5343.482.170.911.26
Austria WIENERBORSE 51311960.7861.291.520.291.23
JordanASE 85472255.2946.812.341.321.02
KuwaitKSE 155843754.1944.052.901.891.01
USPREFERRED 33623113268.7557.141.380.371.01
JapanTOKYO 222100.00100.
PakistanKSE 111100.00100.
MexicoBMV 111100.00100.
SingaporeSGX 42725311559.2545.452.351.420.93
CanadaTSX-V 1791084060.3437.044.373.560.81
IndonesiaIDX 53260.0066.670.670.000.67
USWARRANTS 35231165.7147.832.352.300.04
UAEUAE 54180.0025.
NorwayOSE 111100.00100.
PhilippinesPSE 111100.00100.
SingaporeSGX 110100.
TaiwanGTSM 1000.
ChileBCS 1000.
FOREXFOREX 32166.6750.000.500.500.00
SwitzerlandSIX 2000.
IsraelTASE 21050.
USFOREX 1411378.5727.270.180.45-0.27
ThailandSET 32066.670.000.000.50-0.50
Vietnam HOSE 220100.
JapanSAPPORO 21050.
Hong KongHKEX 110100.
ChinaSSE 21050.
Poland GPW 31033.330.000.001.00-1.00
OmanMSM 2212154.558.330.502.42-1.92
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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