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 1/1/2016
Stock Exchange 
Per Trade 
Total Net% Descending
FOREXFOREX 332100.0066.6750.000.3349.67
ArgentinaBUE 32166.6750.0017.001.5015.50
ArgentinaBUE 137875263.5059.775.791.004.79
IndonesiaIDX 38424512763.8051.845.441.154.29
TurkeyBIST 37723112861.2755.415.091.153.94
KuwaitKSE 120703358.3347.145.391.703.69
CanadaCSE 82541765.8531.488.875.463.41
EgyptEGX 65340221061.5652.244.801.433.37
IndiaNSE 2922183196962.7752.844.611.323.29
South KoreaKOSDAQ 28411906111867.1958.564.351.103.25
USNASDAQ 35702422137768.1056.644.281.093.19
NetherlandsAMSTERDAM 26819510672.7654.363.940.803.14
Greece ATHENS 91664372.5365.153.950.833.12
IndiaBSE 49363195155064.7348.514.691.663.03
IsraelTASE 56436120364.0156.233.610.792.82
USOTC PINK 3139200986764.1343.076.183.402.78
CanadaTSX-V 2911636256.0138.045.773.022.74
PakistanKSE 72444622461.6050.224.391.692.71
Vietnam HOSE 75646626061.6455.793.611.012.60
QatarQE 88512657.9550.983.330.902.43
USAMEX 68347525669.5553.893.581.272.31
RussiaMICEX 33022311567.5851.573.260.972.29
JapanFUKUOKA 108580.0062.503.251.002.25
BangladeshDSE 40424411960.4048.773.321.132.20
BelgiumBRUSSELS 93593263.4454.242.880.692.19
The World 67819448192344966.1552.273.441.262.19
SwedenSTOCKHOLM 96664531266.7748.373.581.432.14
JapanTOKYO 59934092230368.2856.
BrazilBOVESPA 2841989269.7246.463.151.082.07
Vietnam HNX 2791477052.6947.623.521.452.07
CanadaTSX 1535107457569.9753.542.840.871.97
South KoreaKRX 2545173392168.2153.052.880.921.96
TaiwanGTSM 128181140863.3150.313.031.071.96
DenmarkCOPENHAGEN 1581135771.5250.443.111.151.96
PortugalLISBON 36251669.4464.002.560.641.92
ChinaSZSE 2386159681766.8951.
Poland GPW 65441121163.0051.213.581.671.90
NorwayOSE 2571928775.1045.083.241.371.88
JapanNAGOYA 60391865.0046.
Saudi ArabiaTADAWUL 1841347272.8353.732.730.991.75
ChinaSSE 1813122763567.6851.752.811.101.71
ThailandSET 114068332159.9147.002.801.111.69
FrancePARIS 87659330967.8152.022.390.711.68
USNYSE 47553421205771.9960.092.360.721.64
UKLSE 34782368123668.1752.132.801.171.63
MexicoBMV 2101508871.4358.672.560.931.63
SpainIBEX 2571789869.2655.062.610.991.62
Hong KongHKEX 3433202383059.1040.913.422.001.42
TaiwanTWSE 154497751263.2852.412.290.901.39
ItalyBORSA 134894850070.4752.632.361.001.36
GermanyXETRA 1808128868271.2952.912.090.751.35
OmanMSM 2716759.2643.752.060.751.31
UAEUAE 88552562.5045.452.331.111.22
AustraliaASX 107070633266.0746.962.421.291.13
MalaysiaBURSA 120664126453.1541.192.611.531.08
SwitzerlandSIX 46132817571.1553.351.590.521.07
UAEUAE 111100.00100.
JapanTOKYO 222100.00100.
PhilippinesPSE 2151305260.4740.002.141.300.84
USPREFERRED 39225513765.0553.731.070.380.69
SingaporeSGX 4192549660.6237.802.291.720.57
IndonesiaIDX 52140.0050.000.500.000.50
MalaysiaBURSA 221100.0050.001.000.500.50
USFOREX 129575.0055.560.560.220.33
PakistanKSE 331100.0033.330.330.000.33
Austria WIENERBORSE 78492262.8244.901.270.940.33
SingaporeSGX 110100.
TurkeyBIST 2000.
TaiwanGTSM 1000.
ItalyBORSA 1000.
IndiaNSE 110100.
NetherlandsAMSTERDAM 1000.
PortugalLISBON 1000.
PhilippinesPSE 111100.00100.
SpainIBEX 1000.
FrancePARIS 1000.
GermanyXETRA 1000.
Greece ATHENS 1000.
IsraelTASE 21050.
SwitzerlandSIX 1000.
ChinaSSE 32166.6750.
ChileBCS 1000.
Austria WIENERBORSE 1000.
BelgiumBRUSSELS 1000.
Hong KongHKEX 221100.0050.000.000.50-0.50
Vietnam HOSE 220100.
ChileBCS 105250.0040.001.202.00-0.80
ThailandSET 31033.330.000.001.00-1.00
Poland GPW 21050.
JapanSAPPORO 21050.
JordanASE 113611953.9831.151.362.59-1.23
USWARRANTS 63150.0033.331.675.00-3.33
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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