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 126150.0016.6718.003.8314.17
ArgentinaBUE 1731087062.4364.817.090.926.18
Greece ATHENS 109794872.4860.765.871.344.53
IndonesiaIDX 68740820759.3950.745.021.143.88
TurkeyBIST 56835219461.9755.114.681.023.66
South KoreaKOSDAQ 37502494147866.5959.194.671.083.59
IndiaNSE 40112575140964.3054.634.851.323.53
IndiaBSE 64474208212465.2750.485.131.663.48
EgyptEGX 108164332659.4850.704.611.463.15
CanadaCSE 102632361.7636.518.145.003.14
ChinaSZSE 32222267123770.3654.574.491.413.08
USNASDAQ 57183858219267.4956.804.161.113.04
KuwaitKSE 2461497360.5748.994.441.552.89
IsraelTASE 77551628466.5855.043.780.912.88
TaiwanGTSM 1960124766563.6253.333.830.952.87
BrazilBOVESPA 45031116569.1153.053.720.902.82
PakistanKSE 93256928561.0550.094.441.652.80
BelgiumBRUSSELS 1571055566.8852.383.350.632.72
Poland GPW 90755928861.6351.524.101.522.58
NorwayOSE 32322610669.9746.903.851.362.49
SwedenSTOCKHOLM 134291544768.1848.853.931.492.44
Vietnam HOSE 109765134859.3453.463.411.012.40
BangladeshDSE 60636017459.4148.333.561.192.38
The World 97753646043446166.1453.303.571.252.32
JapanTOKYO 94366355362067.3556.963.230.992.25
Saudi ArabiaTADAWUL 36125914371.7555.213.230.992.24
CanadaTSX 2485168892467.9354.743.130.912.23
CanadaTSX-V 3571957754.6239.495.273.092.18
PhilippinesPSE 38423311260.6848.073.441.292.15
QatarQE 138824259.4251.
ChinaSSE 2354165684470.3550.973.461.352.10
USAMEX 99468035568.4152.213.361.332.04
PortugalLISBON 54352064.8157.142.910.892.03
Vietnam HNX 37822310558.9947.093.571.562.00
South KoreaKRX 32952198120266.7154.692.910.911.99
USOTC PINK 44842832119663.7241.865.363.441.92
FrancePARIS 136491251766.8656.692.580.731.85
USNYSE 73565152306670.0459.512.610.771.84
UKLSE 50493399178467.4252.412.941.161.78
TaiwanTWSE 2384152781664.0553.442.590.821.77
SpainIBEX 38025914568.1655.983.171.411.76
Hong KongHKEX 43642667116661.1443.703.742.011.73
JapanNAGOYA 86572566.2843.862.700.981.72
UAEUAE 106663062.2645.452.911.211.70
MalaysiaBURSA 162988738854.5743.643.021.431.58
RussiaMICEX 31621710468.6747.932.771.221.55
ThailandSET 152990139958.9344.282.721.191.53
MexicoBMV 31722512670.9856.002.340.841.50
GermanyXETRA 25691852103572.1355.862.240.741.50
DenmarkCOPENHAGEN 2381657869.3347.272.581.181.41
SwitzerlandSIX 64446725472.5254.391.810.611.20
AustraliaASX 1488101149568.0148.912.511.321.19
NetherlandsAMSTERDAM 43031618473.4958.231.860.721.15
ItalyBORSA 2025138572968.4052.642.100.981.12
JapanFUKUOKA 1410571.4350.002.301.201.10
Austria WIENERBORSE 131813661.8344.441.740.850.89
ChileBCS 137453.8557.141.861.000.86
SingaporeSGX 72942717258.5740.282.161.440.72
JapanTOKYO 332100.0066.670.670.000.67
IndonesiaIDX 52140.0050.000.500.000.50
MalaysiaBURSA 221100.0050.001.000.500.50
USPREFERRED 53135518766.8552.680.890.400.49
USFOREX 129575.0055.560.560.220.33
OmanMSM 45271060.0037.041.521.260.26
PakistanKSE 772100.0028.570.140.000.14
PortugalLISBON 1000.
RussiaMICEX 111100.00100.
SingaporeSGX 110100.
TaiwanGTSM 1000.
TurkeyBIST 2000.
Austria WIENERBORSE 1000.
BangladeshDSE 220100.
BelgiumBRUSSELS 1000.
ChinaSSE 32066.670.
ChileBCS 1000.
GermanyXETRA 1000.
SpainIBEX 1000.
SwitzerlandSIX 1000.
Greece ATHENS 1000.
FrancePARIS 1000.
IsraelTASE 21050.
IndiaNSE 110100.
ItalyBORSA 1000.
UAEUAE 221100.0050.000.500.500.00
NetherlandsAMSTERDAM 1000.
PhilippinesPSE 222100.00100.
Hong KongHKEX 221100.0050.000.000.50-0.50
Vietnam HOSE 220100.
JordanASE 153863256.2137.211.692.33-0.64
ThailandSET 31033.330.000.001.00-1.00
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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