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 1/1/2017
Stock Exchange 
Per Trade 
Total Net% Descending
FOREXFOREX 332100.0066.6750.000.3349.67
ArgentinaBUE 32166.6750.0017.001.5015.50
USWARRANTS 1911657.8954.5512.552.0910.45
ArgentinaBUE 1951227562.5661.487.051.165.89
Greece ATHENS 123845168.2960.715.831.274.56
TurkeyBIST 62138821562.4855.415.221.214.01
IndonesiaIDX 75844522558.7150.565.151.203.95
South KoreaKOSDAQ 40492608155364.4159.554.731.093.64
IndiaNSE 43302709146962.5654.234.821.383.44
IndiaBSE 67934358216364.1549.635.041.753.29
IsraelTASE 83454230064.9955.354.200.953.25
EgyptEGX 113267333759.4550.074.661.493.17
USNASDAQ 60174066227467.5955.914.401.253.14
USAMEX 103670436267.9551.424.471.393.08
ChinaSZSE 34182359127569.0254.054.451.433.01
BelgiumBRUSSELS 1681095864.8853.213.490.642.84
TaiwanGTSM 2084130768662.7252.493.851.012.84
FrancePARIS 146595854665.3956.993.570.792.78
PakistanKSE 99359429659.8249.834.381.682.70
CanadaCSE 114692660.5337.687.705.092.61
KuwaitKSE 2401427259.1750.704.071.542.54
BrazilBOVESPA 49934017768.1452.063.470.972.49
Poland GPW 95559130361.8851.274.101.632.47
SwedenSTOCKHOLM 142493945365.9448.243.951.502.44
The World 104476676863574464.8152.793.631.332.30
Saudi ArabiaTADAWUL 37826414669.8455.303.271.002.26
NorwayOSE 35624411068.5445.083.811.572.23
BangladeshDSE 65139118560.0647.313.471.252.22
CanadaTSX 2605174895367.1054.523.150.942.21
JapanTOKYO 102456673375065.1356.
Vietnam HOSE 118069335958.7351.803.271.122.15
PhilippinesPSE 41524311658.5547.743.491.382.11
CanadaTSX-V 3942198655.5839.
ChinaSSE 2508173287369.0650.403.431.392.04
South KoreaKRX 35702321127565.0154.932.970.922.04
QatarQE 148864258.1148.843.051.071.98
Vietnam HNX 39623210758.5946.123.511.591.92
USNYSE 77075348314169.3958.732.750.851.90
USOTC PINK 47132975125063.6741.655.453.611.83
PortugalLISBON 59372162.7156.762.811.001.81
RussiaMICEX 34123311568.3349.362.861.121.74
UKLSE 53353532183666.2051.982.911.211.70
UAEUAE 116693259.4846.382.871.171.70
SpainIBEX 40227015267.1656.303.131.441.69
TaiwanTWSE 2609161884062.0251.922.530.931.60
GermanyXETRA 27861913107368.6656.092.320.781.55
Hong KongHKEX 47402861122760.3642.893.652.121.53
ThailandSET 1734100043957.6743.902.771.361.41
DenmarkCOPENHAGEN 2561738267.5847.402.591.201.39
MexicoBMV 33323512870.5754.472.250.921.33
MalaysiaBURSA 186497541752.3142.773.051.731.32
SwitzerlandSIX 70249627470.6655.241.940.631.31
ItalyBORSA 2138143375167.0352.412.190.991.19
NetherlandsAMSTERDAM 45932318970.3758.511.900.771.12
JapanNAGOYA 93622566.6740.322.481.371.11
Austria WIENERBORSE 142864060.5646.511.970.901.07
AustraliaASX 1700109052564.1848.122.521.530.99
SingaporeSGX 78644517956.6240.222.161.480.69
JapanTOKYO 332100.0066.670.670.000.67
ChileBCS 198442.1150.001.631.000.63
USPREFERRED 54235419165.3153.950.960.410.55
MalaysiaBURSA 221100.0050.001.000.500.50
JapanFUKUOKA 1712670.5950.002.331.830.50
IndonesiaIDX 52140.0050.000.500.000.50
USFOREX 129575.0055.560.560.220.33
ChinaSSE 54280.0050.
PakistanKSE 772100.0028.570.140.000.14
OmanMSM 48271056.2537.041.521.440.07
UKLSE 1000.
TaiwanGTSM 1000.
TurkeyBIST 2000.
PortugalLISBON 1000.
RussiaMICEX 111100.00100.
SingaporeSGX 110100.
Austria WIENERBORSE 1000.
BangladeshDSE 220100.
BelgiumBRUSSELS 1000.
SwitzerlandSIX 1000.
ChileBCS 1000.
Greece ATHENS 1000.
IsraelTASE 21050.
FrancePARIS 1000.
SpainIBEX 1000.
GermanyXETRA 1000.
UAEUAE 43175.0033.330.330.330.00
South KoreaKOSDAQ 1000.
ItalyBORSA 1000.
IndiaNSE 110100.
NetherlandsAMSTERDAM 1000.
PhilippinesPSE 333100.00100.
Hong KongHKEX 221100.0050.000.000.50-0.50
Vietnam HOSE 220100.
JordanASE 159873154.7235.631.622.30-0.68
ThailandSET 41025.
Poland GPW 21050.
JapanSAPPORO 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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