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 1/1/2018
Stock Exchange 
Per Trade 
Total Net% Descending
FOREXFOREX 54380.0075.0037.500.2537.25
ArgentinaBUE 42150.0050.0017.001.5015.50
EgyptEGX 109867938161.8456.118.121.416.71
TurkeyBIST 63841225365.6760.386.801.025.78
ArgentinaBUE 35024415670.2963.416.330.865.47
IndonesiaIDX 76447723162.4348.436.131.274.86
IndiaNSE 47663024171963.4556.855.841.214.63
Vietnam HNX 41724413558.5155.335.851.274.58
USAMEX 123085947570.0855.105.611.174.44
CanadaCSE 1951285365.6441.418.484.134.34
IndiaBSE 78785182269965.7852.085.741.584.15
USNASDAQ 65464501261068.8457.925.241.303.93
USOTC PINK 60823977175866.0343.777.483.563.93
South KoreaKOSDAQ 43392814169264.8560.134.781.003.78
BelgiumBRUSSELS 1811157063.5460.874.220.573.64
PakistanKSE 107967535462.5652.445.101.563.55
NorwayOSE 48032715268.3346.344.931.403.54
Poland GPW 106168737364.8454.224.981.523.46
MalaysiaBURSA 2277120453852.8844.685.081.623.46
IsraelTASE 104871741468.4257.744.260.903.36
Vietnam HOSE 124978746063.0158.454.190.943.25
CanadaTSX-V 50628911457.1139.456.453.203.24
Greece ATHENS 1631246876.0754.844.331.223.11
FrancePARIS 1664112564867.6157.603.790.703.09
CanadaTSX 26811901105170.9155.293.980.923.06
NetherlandsAMSTERDAM 58240225269.0762.693.640.653.00
South KoreaKRX 37242450140065.7957.143.800.842.96
TaiwanGTSM 2067130369163.0453.033.961.022.94
The World 118723784614239466.1753.974.191.272.93
SwedenSTOCKHOLM 1611107555566.7951.584.061.402.66
Austria WIENERBORSE 1491065971.1455.663.681.022.66
RussiaMICEX 57336819166.3250.263.400.832.57
BrazilBOVESPA 70547824168.9449.593.631.132.49
ChinaSZSE 43732904153466.4152.823.641.172.46
USNYSE 80565729342971.1359.843.250.832.43
QatarQE 139824358.9952.443.150.782.37
BangladeshDSE 68340819959.7448.773.511.152.37
JapanTOKYO 97256430357766.1255.633.411.102.32
Saudi ArabiaTADAWUL 32422913870.6860.263.160.882.28
SpainIBEX 42528916868.0058.133.230.952.28
ChinaSSE 32522164113766.5452.543.321.082.25
UKLSE 60524122220568.1853.443.281.062.22
ChileBCS 73381852.0547.373.391.182.21
PhilippinesPSE 42725912260.6647.103.411.202.20
ThailandSET 2304138162459.9445.183.471.272.20
USWARRANTS 75502366.6746.006.063.902.16
TaiwanTWSE 2630165389862.8554.332.960.872.09
KuwaitKSE 1921165760.4249.143.791.712.09
Hong KongHKEX 56913389142059.5541.903.982.011.97
GermanyXETRA 36622573147170.2657.172.670.771.90
ItalyBORSA 2410170390870.6653.322.710.901.81
AustraliaASX 2089135168664.6750.783.271.461.81
MexicoBMV 42029416070.0054.422.951.161.79
PortugalLISBON 58392167.2453.852.771.031.74
DenmarkCOPENHAGEN 28220610173.0549.032.721.171.54
JapanFUKUOKA 2115871.4353.333.271.731.53
UAEUAE 133823961.6547.562.411.041.38
SwitzerlandSIX 90065935274.1152.772.040.691.35
USPREFERRED 55739822871.4557.291.520.431.09
SwedenSTOCKHOLM 111100.00100.
SingaporeSGX 70441416258.8139.132.441.520.92
JapanTOKYO 332100.0066.670.670.000.67
JapanNAGOYA 92582563.0443.102.832.190.64
OmanMSM 48241054.1738.461.581.000.58
IndonesiaIDX 62133.3350.000.500.000.50
UAEUAE 65383.3360.000.600.200.40
ChinaSSE 75371.4360.000.400.000.40
MalaysiaBURSA 441100.0025.000.500.250.25
USFOREX 1310576.9250.000.500.300.20
JordanASE 141752653.1934.672.832.670.16
PakistanKSE 772100.0028.570.140.000.14
PortugalLISBON 1000.
RussiaMICEX 111100.00100.
TaiwanGTSM 1000.
TurkeyBIST 2000.
SingaporeSGX 110100.
UKLSE 1000.
Austria WIENERBORSE 1000.
BangladeshDSE 220100.
BelgiumBRUSSELS 1000.
SwitzerlandSIX 1000.
FrancePARIS 1000.
Greece ATHENS 1000.
GermanyXETRA 1000.
SpainIBEX 1000.
ChileBCS 1000.
IsraelTASE 21050.
IndiaNSE 110100.
ItalyBORSA 1000.
South KoreaKOSDAQ 21150.00100.
NetherlandsAMSTERDAM 1000.
PhilippinesPSE 333100.00100.
Hong KongHKEX 221100.0050.000.000.50-0.50
Vietnam HOSE 32066.670.000.000.50-0.50
ThailandSET 41025.
Poland GPW 31033.330.000.001.00-1.00
JapanSAPPORO 21050.
BrazilBOVESPA 110100.
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


Government regulations require disclosure of the fact that while these methods may have worked in the past, past results are not necessarily indicative of future results. While there is a potential for profits there is also a risk of loss. There is substantial risk in security trading. Losses incurred in connection with trading stocks or futures contracts can be significant. You should therefore carefully consider whether such trading is suitable for you in the light of your financial condition since all speculative trading is inherently risky and should only be undertaken by individuals with adequate risk capital. Neither Americanbulls.com LLC, nor Candlesticker.com makes any claims whatsoever regarding past or future performance. All examples, charts, histories, tables, commentaries, or recommendations are for educational or informational purposes only.

Candlesticker.com is an independent and free website and all the Services provided by Americanbulls.com LLC at Candlesticker.com are completely free of charge. Americanbulls.com LLC does not receive compensation by any direct or indirect means from the visitors and users of this website (or of any other bulls.com© family websites), and from the stocks, securities and other institutions or any underwriters or dealers associated with the broader national or international forex, commodity and stock markets.

You agree that Candlesticker.com and Americanbulls.com LLC its parent company, subsidiaries, affiliates, officers and employees shall not be liable for any direct, indirect, incidental, special or consequential damages.