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 1/1/2019
Stock Exchange 
Per Trade 
Total Net% Descending
ArgentinaBUE 42150.0050.0017.001.5015.50
SwedenSTOCKHOLM 111100.00100.
JapanTOKYO 332100.0066.670.670.000.67
OmanMSM 48241054.1738.461.581.000.58
IndonesiaIDX 62133.3350.000.500.000.50
UAEUAE 65383.3360.000.600.200.40
ChinaSSE 86475.0066.670.330.000.33
MalaysiaBURSA 54180.0025.000.500.250.25
USFOREX 1310576.9250.000.500.300.20
PakistanKSE 98288.8925.
DenmarkCOPENHAGEN 4134468.771.410.080.000.08
The World 143841114662164.730.670.050.010.04
RussiaMICEX 5842267.470.510.020.000.02
TaiwanTWSE 30522161.960.
EgyptEGX 13135259.630.
NorwayOSE 6771162.920.
PhilippinesPSE 5291160.110.310.000.000.00
USAMEX 15883168.
IndiaNSE 54311162.880.
ItalyBORSA 30682270.
TaiwanGTSM 24097261.
JapanTOKYO 115014364.380.
IsraelTASE 12493266.
UKLSE 71672267.310.
Hong KongHKEX 64581158.860.
IndiaBSE 92013164.
TaiwanGTSM 1000.
TurkeyBIST 6680066.
TurkeyBIST 2000.
ThailandSET 26480060.
USNASDAQ 81090068.
SingaporeSGX 7500056.
SingaporeSGX 110100.
UKLSE 1000.
Vietnam HNX 4470058.610.
USWARRANTS 2020058.420.
MalaysiaBURSA 24970053.
MexicoBMV 4780067.780.
UAEUAE 1140058.770.
Saudi ArabiaTADAWUL 4160064.660.
NetherlandsAMSTERDAM 1000.
NetherlandsAMSTERDAM 7780065.810.
RussiaMICEX 111100.00100.
PortugalLISBON 760068.420.
PortugalLISBON 1000.
PakistanKSE 11180063.690.
PhilippinesPSE 333100.00100.
KuwaitKSE 2230063.680.
JordanASE 1560055.770.
South KoreaKRX 42340063.600.
South KoreaKOSDAQ 21150.00100.
JapanNAGOYA 820062.
JapanFUKUOKA 210066.670.
ItalyBORSA 1000.
BrazilBOVESPA 10810067.
BelgiumBRUSSELS 1000.
BelgiumBRUSSELS 2180062.390.
Austria WIENERBORSE 1990070.350.
Austria WIENERBORSE 1000.
CanadaCSE 2860055.940.
CanadaTSX-V 7350056.600.
ArgentinaBUE 5140069.840.
FOREXFOREX 221100.0050.000.500.500.00
SwitzerlandSIX 12450071.650.
SwitzerlandSIX 1000.
ChileBCS 1000.
ChileBCS 1160053.450.
Greece ATHENS 1000.
Greece ATHENS 2360075.
FrancePARIS 20420065.
FrancePARIS 1000.
SpainIBEX 4960066.
SpainIBEX 1000.
GermanyXETRA 49750068.500.
GermanyXETRA 1000.
ChinaSZSE 64060062.910.
IsraelTASE 31033.330.
IndonesiaIDX 9120061.730.
IndiaNSE 110100.
CanadaTSX 35981068.
AustraliaASX 25521063.320.
ChinaSSE 46284164.
USNYSE 101882069.
Poland GPW 12361061.810.
USOTC PINK 68301065.750.
South KoreaKOSDAQ 49651062.
Vietnam HOSE 15162061.610.
SwedenSTOCKHOLM 20253064.
BangladeshDSE 7673159.710.220.010.02-0.01
QatarQE 1591055.350.000.000.03-0.03
BangladeshDSE 550100.
Vietnam HOSE 32066.670.000.000.50-0.50
Hong KongHKEX 221100.0050.000.000.50-0.50
JapanSAPPORO 21050.
Poland GPW 31033.330.000.001.00-1.00
BrazilBOVESPA 110100.
ThailandSET 41025.
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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