BULLISH MEETING LINE
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.
BULLISH MEETING LINE
Definition
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.
Title
Pattern Performance in Stock Exchanges since 1/1/2015
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
FOREXFOREX 332100.0066.6750.000.3349.67
Greece ATHENS 94654269.1564.625.490.924.57
ArgentinaBUE 128824664.0656.105.611.134.48
South KoreaKOSDAQ 29631960120166.2261.214.790.993.81
IndiaBSE 50783351170566.0150.875.241.613.64
IndiaNSE 29091887104364.8755.274.931.323.61
TurkeyBIST 44227714162.6750.904.421.083.34
EgyptEGX 83949924659.4849.304.711.463.25
ChinaSZSE 2520177097070.2454.804.661.463.20
IndonesiaIDX 53731916359.4051.104.291.103.19
KuwaitKSE 2001145757.0050.004.601.503.10
PakistanKSE 73244122560.2551.024.501.493.01
TaiwanGTSM 1618102054863.0453.733.860.952.91
USNASDAQ 46543086175666.3956.833.941.062.88
BelgiumBRUSSELS 116824270.6951.223.450.662.79
USOTC PINK 3240207386564.1741.616.223.512.71
IsraelTASE 61841021666.3452.683.480.932.56
BangladeshDSE 41826112662.4448.283.601.052.54
USAMEX 62241319866.4047.944.341.832.51
Poland GPW 78747524560.4851.474.061.572.49
Vietnam HOSE 89152428558.8154.393.480.992.48
PhilippinesPSE 2941889563.9550.533.621.192.43
Saudi ArabiaTADAWUL 30322012372.6155.913.451.052.40
The World 76452504692690266.0553.283.621.252.38
JapanTOKYO 76075111294067.2157.503.280.972.31
SwedenSTOCKHOLM 100267631967.4747.193.861.552.30
South KoreaKRX 2478162892065.7056.513.150.882.28
JapanFUKUOKA 139669.2366.673.110.892.22
CanadaTSX 1924130770067.9353.563.080.942.14
ChinaSSE 1854130866070.5550.463.581.442.13
BrazilBOVESPA 38426413668.7551.523.000.932.07
TaiwanTWSE 1963122868062.5655.372.830.762.07
CanadaTSX-V 2911676757.3940.125.433.382.05
UKLSE 38822616135267.3951.683.181.211.97
QatarQE 94603163.8351.672.920.951.97
Vietnam HNX 37122510460.6546.223.501.571.93
ThailandSET 111767231660.1647.022.981.081.89
UAEUAE 91572562.6443.863.051.231.82
SpainIBEX 31120611166.2453.883.121.301.82
USNYSE 59234139245569.9059.302.540.771.77
Hong KongHKEX 3312203891261.5344.753.661.891.77
PortugalLISBON 46281560.8753.572.570.931.64
RussiaMICEX 2361627168.6443.833.011.391.62
JapanNAGOYA 66461869.7039.132.651.041.61
MalaysiaBURSA 121864027952.5543.593.021.471.55
FrancePARIS 106371439367.2654.972.320.791.53
DenmarkCOPENHAGEN 1861255867.2046.402.641.141.50
NorwayOSE 2391707871.1345.883.251.781.48
MexicoBMV 2611799668.5853.632.240.901.34
CanadaCSE 62401364.5232.505.654.331.33
GermanyXETRA 2060148780572.3354.032.100.791.31
ItalyBORSA 1681115960168.9551.862.151.051.10
AustraliaASX 116477237666.4148.642.391.381.01
UAEUAE 111100.00100.001.000.001.00
JapanTOKYO 222100.00100.001.000.001.00
SwitzerlandSIX 51436419370.8253.021.650.660.99
NetherlandsAMSTERDAM 34524413470.7254.921.680.760.92
SingaporeSGX 61635114756.9841.882.291.620.67
IndonesiaIDX 52140.0050.000.500.000.50
Austria WIENERBORSE 85532362.3543.401.360.870.49
PakistanKSE 331100.0033.330.330.000.33
ChileBCS 86375.0050.001.501.170.33
USFOREX 107470.0057.140.570.290.29
USWARRANTS 2215568.1833.333.803.530.27
USPREFERRED 45129214264.7548.630.670.440.23
FrancePARIS 1000.000.000.000.000.00
SpainIBEX 1000.000.000.000.000.00
GermanyXETRA 1000.000.000.000.000.00
Greece ATHENS 1000.000.000.000.000.00
IsraelTASE 21050.000.000.000.000.00
BelgiumBRUSSELS 1000.000.000.000.000.00
Austria WIENERBORSE 1000.000.000.000.000.00
SwitzerlandSIX 1000.000.000.000.000.00
ChinaSSE 21050.000.000.000.000.00
ChileBCS 1000.000.000.000.000.00
ItalyBORSA 1000.000.000.000.000.00
NetherlandsAMSTERDAM 1000.000.000.000.000.00
PortugalLISBON 1000.000.000.000.000.00
PhilippinesPSE 111100.00100.000.000.000.00
SingaporeSGX 110100.000.000.000.000.00
TurkeyBIST 2000.000.000.000.000.00
TaiwanGTSM 1000.000.000.000.000.00
OmanMSM 3019563.3326.321.471.74-0.26
JordanASE 126712756.3538.031.722.07-0.35
Vietnam HOSE 220100.000.000.000.50-0.50
Hong KongHKEX 221100.0050.000.000.50-0.50
Poland GPW 21050.000.000.001.00-1.00
MalaysiaBURSA 110100.000.000.001.00-1.00
JapanSAPPORO 21050.000.000.001.00-1.00
ThailandSET 31033.330.000.001.00-1.00
ArgentinaBUE 21050.000.000.003.00-3.00
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

Disclaimers:

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.

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