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
FOREXFOREX 54380.0075.0037.500.2537.25
ArgentinaBUE 42150.0050.0017.001.5015.50
TurkeyBIST 63842226866.1463.517.560.966.60
ArgentinaBUE 46131919969.2062.387.100.986.12
EgyptEGX 119971940259.9755.917.361.465.90
Vietnam HNX 40224614261.1957.726.431.444.99
IndonesiaIDX 84552225261.7848.285.981.304.68
NorwayOSE 60638219663.0451.315.981.364.62
IndiaNSE 50743193180662.9356.565.711.214.50
IndiaBSE 84515438283664.3852.125.771.534.24
Vietnam HOSE 141286251161.0559.284.660.893.77
South KoreaKOSDAQ 45852923173363.7559.294.751.043.71
USNASDAQ 74535099281868.4755.224.981.423.56
USOTC PINK 61153959174765.7643.456.873.363.51
Poland GPW 115871136861.4051.765.111.653.46
BelgiumBRUSSELS 2041288162.7563.283.960.623.34
MalaysiaBURSA 2359125456453.1644.984.941.633.32
IsraelTASE 113875841866.6155.
PakistanKSE 106667833763.6049.714.821.703.12
TaiwanGTSM 2229136871861.3752.494.010.973.04
FrancePARIS 1869124872266.7757.853.720.762.96
CanadaCSE 2801636358.2138.657.014.152.86
CanadaTSX-V 69239116056.7940.715.923.132.79
USAMEX 142597852468.6353.583.981.212.77
CanadaTSX 33072282127569.0155.873.660.892.77
The World 133244865644647565.0553.624.001.252.75
RussiaMICEX 52234818067.6250.993.550.872.68
PortugalLISBON 71492669.0153.063.530.902.63
SwedenSTOCKHOLM 1830117661064.7551.484.021.412.61
KuwaitKSE 2031296463.5549.614.131.562.57
ChileBCS 103533051.4656.603.430.872.57
South KoreaKRX 39402550140765.0054.943.390.862.53
Austria WIENERBORSE 1911347870.1658.213.701.272.43
ChinaSZSE 60503790206862.6454.563.461.052.41
Greece ATHENS 2141598074.3050.313.901.542.36
SpainIBEX 46230717166.4555.703.281.002.28
DenmarkCOPENHAGEN 37926612870.1848.123.671.422.25
BrazilBOVESPA 94763132266.9550.793.471.222.25
PhilippinesPSE 49630013660.4845.333.711.462.25
ChinaSSE 43342794150064.5153.653.200.952.25
Saudi ArabiaTADAWUL 38124515864.3064.492.850.652.20
USNYSE 91936397378969.6459.183.020.832.20
JapanTOKYO 109217045391264.5155.533.161.022.14
BangladeshDSE 68740618859.1046.313.391.252.14
QatarQE 153834054.2548.192.980.862.12
UKLSE 66494499237867.6852.843.171.062.11
ThailandSET 2472147263959.5543.413.211.251.96
ItalyBORSA 27641944104870.3353.912.710.791.92
TaiwanTWSE 2846178395062.6553.282.760.881.88
GermanyXETRA 44103077177569.7757.692.650.791.86
Hong KongHKEX 62163658152258.8541.613.882.031.85
NetherlandsAMSTERDAM 71146428565.2661.422.310.571.74
AustraliaASX 2403151976063.2150.033.071.571.50
SwitzerlandSIX 110380543172.9853.542.220.801.42
UAEUAE 103603058.2550.002.481.181.30
MexicoBMV 43829714767.8149.492.821.561.27
SingaporeSGX 73040715955.7539.072.541.341.20
JapanFUKUOKA 2114666.6742.862.861.791.07
USPREFERRED 63743524168.2955.401.470.451.02
SwedenSTOCKHOLM 111100.00100.
JordanASE 140772555.0032.473.352.430.92
USWARRANTS 163974159.5142.275.684.840.85
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 772100.0028.570.140.000.14
Austria WIENERBORSE 1000.
BelgiumBRUSSELS 1000.
SwitzerlandSIX 1000.
Greece ATHENS 1000.
FrancePARIS 1000.
SpainIBEX 1000.
GermanyXETRA 1000.
ChileBCS 1000.
South KoreaKOSDAQ 21150.00100.
ItalyBORSA 1000.
IndiaNSE 110100.
IsraelTASE 31033.330.
NetherlandsAMSTERDAM 1000.
PhilippinesPSE 333100.00100.
TaiwanGTSM 1000.
UKLSE 1000.
TurkeyBIST 2000.
SingaporeSGX 110100.
PortugalLISBON 1000.
RussiaMICEX 111100.00100.
JapanNAGOYA 81491960.4938.782.372.49-0.12
BangladeshDSE 440100.
Vietnam HOSE 32066.670.000.000.50-0.50
Hong KongHKEX 221100.0050.000.000.50-0.50
JapanSAPPORO 21050.
BrazilBOVESPA 110100.
Poland GPW 31033.330.000.001.00-1.00
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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