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 43275.0066.6751.000.3350.67
ArgentinaBUE 120775364.1768.836.470.865.61
Greece ATHENS 90614267.7868.856.070.725.34
IndiaBSE 49323255193566.0259.435.971.194.78
South KoreaKOSDAQ 28751901128166.3767.145.430.714.72
ChinaSZSE 23521678112771.3467.165.591.054.54
USOTC PINK 31422029100264.7049.297.132.614.52
IndiaNSE 28101820110364.7760.605.471.014.46
PakistanKSE 70742825660.5459.815.091.113.98
USAMEX 60240222566.7855.975.121.293.84
USNASDAQ 44392986192767.3664.454.460.763.70
TurkeyBIST 43627815163.7654.324.620.963.66
EgyptEGX 81849025859.9052.654.911.283.62
CanadaCSE 58381465.5236.846.763.393.37
TaiwanGTSM 158899858262.8558.324.140.793.35
BelgiumBRUSSELS 117825170.0962.203.730.453.28
ChinaSSE 1732123577971.3063.084.301.023.28
IsraelTASE 59139924867.5162.163.910.653.26
IndonesiaIDX 52931415959.3650.644.181.043.15
CanadaTSX-V 2821646658.1640.246.213.143.07
Poland GPW 76245926560.3757.614.331.283.05
The World 73924490782901466.4259.094.031.003.03
Saudi ArabiaTADAWUL 29921513771.9163.723.860.863.00
SwedenSTOCKHOLM 95765134468.0352.844.251.262.99
PhilippinesPSE 29618810163.5153.723.971.022.95
Vietnam HOSE 87651429958.6858.173.750.962.79
South KoreaKRX 2408157897865.5361.983.460.682.78
KuwaitKSE 2001145557.0048.254.561.802.76
JapanTOKYO 73494965306067.5961.613.560.822.74
BangladeshDSE 40925513862.3554.123.560.952.60
CanadaTSX 1838126774768.9358.963.420.832.59
UKLSE 37472542147867.8458.143.550.972.59
JapanFUKUOKA 139669.2366.673.440.892.56
BrazilBOVESPA 37925915368.3459.073.320.762.55
UAEUAE 85522761.1851.923.370.922.44
TaiwanTWSE 1927120570862.5358.763.030.652.38
QatarQE 93593263.4454.243.100.752.36
Hong KongHKEX 3219198396161.6048.463.971.662.32
SpainIBEX 30020011966.6759.503.401.112.29
RussiaMICEX 2291588169.0051.273.361.082.28
USNYSE 57064052263171.0364.912.850.622.23
NorwayOSE 2401729271.6753.493.681.462.22
ThailandSET 107765331660.6348.393.080.962.11
JapanNAGOYA 66452268.1848.892.910.872.04
PortugalLISBON 45281662.2257.142.610.612.00
DenmarkCOPENHAGEN 1811206266.3051.672.870.981.88
MexicoBMV 25617610868.7561.362.530.701.82
FrancePARIS 103169842267.8060.372.470.701.78
GermanyXETRA 1988144985372.8958.872.370.601.77
MalaysiaBURSA 116162126753.4943.003.011.451.57
ItalyBORSA 1635112664368.8757.102.380.861.53
AustraliaASX 112874440866.0554.772.631.131.50
SwitzerlandSIX 49535420071.5256.501.830.531.30
Vietnam HNX 3712249460.3841.963.332.041.29
NetherlandsAMSTERDAM 33623914071.1358.581.870.601.27
SingaporeSGX 61034414756.3942.732.471.391.08
UAEUAE 111100.00100.001.000.001.00
JapanTOKYO 222100.00100.001.000.001.00
Austria WIENERBORSE 78492662.8253.061.510.610.90
USWARRANTS 36251369.4452.003.322.560.76
IndonesiaIDX 52140.0050.000.500.000.50
ChileBCS 86375.0050.001.501.000.50
USPREFERRED 41928015366.8354.640.770.390.38
PakistanKSE 331100.0033.330.330.000.33
JordanASE 118662655.9339.391.941.790.15
USFOREX 107470.0057.140.430.290.14
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
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
NetherlandsAMSTERDAM 1000.000.000.000.000.00
PortugalLISBON 1000.000.000.000.000.00
PhilippinesPSE 111100.00100.000.000.000.00
ItalyBORSA 1000.000.000.000.000.00
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
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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