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
USWARRANTS 52352167.3160.0023.603.7719.83
ArgentinaBUE 42150.0050.0017.001.5015.50
ArgentinaBUE 30220113167.2264.537.150.836.32
EgyptEGX 103563735261.5555.267.571.456.12
TurkeyBIST 60339224065.5160.766.971.085.89
CanadaCSE 1781175465.7346.159.363.855.50
IndonesiaIDX 71044021861.9749.556.361.235.13
USAMEX 115980944669.9754.995.861.154.71
IndiaNSE 45582878162963.2356.525.851.234.62
USOTC PINK 55803704167566.6545.047.973.444.52
USNASDAQ 60874149242868.2958.415.371.264.11
IndiaBSE 73464813249565.5551.825.701.614.09
Vietnam HNX 38822312157.4754.265.231.333.90
NorwayOSE 45231315069.2547.925.211.373.84
South KoreaKOSDAQ 40912679161665.5860.234.800.993.82
MalaysiaBURSA 2166113251552.2645.495.371.633.74
BelgiumBRUSSELS 1681106765.4860.914.230.583.65
IsraelTASE 99268439469.1557.434.510.913.60
PakistanKSE 102964434362.5953.265.121.563.56
Greece ATHENS 1521176776.9757.264.581.133.45
Poland GPW 102766235564.5653.544.941.603.34
FrancePARIS 1596107962267.6157.653.820.683.15
CanadaTSX 2565181399770.6854.994.070.933.14
CanadaTSX-V 48727810657.0838.136.403.283.12
NetherlandsAMSTERDAM 55538524469.3763.383.710.653.05
South KoreaKRX 35192333133466.3057.183.830.842.99
The World 112160740544019266.1054.
TaiwanGTSM 1972123965762.8353.033.931.022.92
SwedenSTOCKHOLM 1536102253366.5452.154.131.372.75
Vietnam HOSE 116873642263.0157.343.710.982.73
RussiaMICEX 54235118566.2451.533.540.862.68
BrazilBOVESPA 58939819868.9348.773.811.142.67
Saudi ArabiaTADAWUL 30522113772.4661.993.360.862.50
USNYSE 76005375321470.8059.733.310.832.49
QatarQE 135814360.0053.093.190.772.42
JapanTOKYO 93406161345265.9656.033.491.102.39
SpainIBEX 40527916068.8957.353.290.992.30
ChinaSZSE 41022701142765.8552.833.491.192.30
PortugalLISBON 57372164.9156.763.270.972.30
UKLSE 57153914210568.5253.753.351.062.29
PhilippinesPSE 40124311260.6046.093.491.232.26
ChinaSSE 30211991104565.9152.493.311.092.23
ThailandSET 2121124756958.7945.633.481.302.19
BangladeshDSE 65238118058.4447.243.361.192.17
Austria WIENERBORSE 131935170.9954.843.110.982.13
TaiwanTWSE 2485156785063.0654.242.980.882.11
Hong KongHKEX 53883195135459.3042.384.081.992.09
KuwaitKSE 1791055458.6651.433.541.561.98
GermanyXETRA 34812437141270.0157.942.640.751.90
ChileBCS 63321550.7946.883.031.191.84
AustraliaASX 1931124162764.3250.483.251.481.77
MexicoBMV 37426714771.3955.062.811.051.76
ItalyBORSA 2331165589171.0053.842.590.891.70
DenmarkCOPENHAGEN 2651959873.5850.262.821.161.66
UAEUAE 136844061.7647.622.671.061.61
SwitzerlandSIX 82860432873.9153.592.150.651.50
JapanFUKUOKA 2014770.0050.003.141.861.29
USPREFERRED 56340823872.4758.331.540.421.12
SingaporeSGX 67540316059.7039.702.491.461.03
JapanNAGOYA 86542462.7944.443.022.240.78
JapanTOKYO 332100.0066.670.670.000.67
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
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.
Greece ATHENS 1000.
FrancePARIS 1000.
IsraelTASE 21050.
GermanyXETRA 1000.
SpainIBEX 1000.
ChileBCS 1000.
South KoreaKOSDAQ 21150.00100.
IndiaNSE 110100.
ItalyBORSA 1000.
NetherlandsAMSTERDAM 1000.
PhilippinesPSE 333100.00100.
JordanASE 130712454.6233.802.632.70-0.07
Vietnam HOSE 32066.670.000.000.50-0.50
Hong KongHKEX 221100.0050.000.000.50-0.50
JapanSAPPORO 21050.
BrazilBOVESPA 110100.
ThailandSET 41025.
Poland GPW 31033.330.000.001.00-1.00
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


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