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 1/1/2021
Stock Exchange 
Per Trade 
Total Net% Descending
ArgentinaBUE 42150.0050.0017.001.5015.50
RussiaMICEX 443100.0075.008.500.508.00
EgyptEGX 142483049958.5059.908.741.287.47
TurkeyBIST 66343428065.4664.528.391.017.38
ArgentinaBUE 69951532973.8263.767.821.146.69
IndonesiaIDX 104164031761.4849.536.641.425.22
CanadaTSX-V 73241119356.1546.967.802.765.04
MalaysiaBURSA 1825100345454.9645.266.491.654.85
IndiaNSE 49143148179064.0656.865.731.164.58
IndiaBSE 102546643337964.7850.875.371.573.80
USNASDAQ 91146206332568.0953.585.261.553.71
Vietnam HNX 43825213457.5353.175.251.583.67
BelgiumBRUSSELS 2181278358.2665.354.110.713.40
Poland GPW 105465933762.5251.145.051.673.38
South KoreaKOSDAQ 53173313186862.3756.334.561.203.36
IsraelTASE 136590650266.4555.354.251.113.14
FrancePARIS 2083133377364.0457.954.010.933.07
Vietnam HOSE 136383648561.3458.
South KoreaKRX 44452788156062.8855.813.870.872.99
NorwayOSE 82752123463.0044.914.771.792.98
USOTC PINK 56413735170068.5044.005.912.932.98
USAMEX 1755125167671.2854.
TaiwanGTSM 2328144976662.5952.573.851.002.85
DenmarkCOPENHAGEN 38827412570.6245.624.391.592.80
ChinaSZSE 59763834206664.1653.893.921.132.79
PakistanKSE 107269234164.5549.284.401.632.78
The World 146576948475049665.4652.634.001.252.74
BangladeshDSE 66542121063.3149.883.961.242.72
CanadaTSX 36992520139268.1355.243.640.962.69
ChinaSSE 48283178172965.8254.413.651.022.63
SwedenSTOCKHOLM 2260149876966.2851.344.211.582.63
PortugalLISBON 84592370.2438.983.601.192.42
KuwaitKSE 2651698263.7748.523.641.322.32
Austria WIENERBORSE 34723013066.2856.523.391.122.27
Saudi ArabiaTADAWUL 51032618563.9256.753.030.802.23
Hong KongHKEX 55763306145759.2944.074.181.952.23
USNYSE 114318022460070.1857.343.090.912.19
QatarQE 160934958.1352.693.130.962.18
SpainIBEX 50832917564.7653.
UKLSE 75965116267567.3552.293.311.202.11
JapanTOKYO 107337055375665.7353.
PhilippinesPSE 47727512257.6544.363.541.561.98
BrazilBOVESPA 123682842166.9950.853.031.181.85
ChileBCS 157864754.7854.652.670.861.82
TaiwanTWSE 30701952102663.5852.562.750.951.80
ThailandSET 2904175477660.4044.242.971.211.75
ItalyBORSA 34582447127970.7652.272.610.861.75
GermanyXETRA 55933844212668.7355.312.560.831.74
NetherlandsAMSTERDAM 85257033866.9059.302.460.731.73
AustraliaASX 2765176187463.6949.633.311.641.67
Greece ATHENS 2541828371.6545.603.421.761.66
CanadaCSE 3101886860.6536.175.834.201.62
UAEUAE 133794059.4050.632.641.031.60
South KoreaKOSDAQ 32266.67100.001.500.001.50
SwitzerlandSIX 137897249870.5451.232.330.901.42
MexicoBMV 48233817070.1250.302.921.611.31
PakistanKSE 1310376.9230.001.500.301.20
TurkeyBIST 31133.33100.
SwedenSTOCKHOLM 111100.00100.
JapanFUKUOKA 2114766.6750.002.581.600.97
ChinaSSE 129675.0066.670.670.000.67
JapanTOKYO 332100.0066.670.670.000.67
SingaporeSGX 66837914656.7438.521.951.360.59
OmanMSM 48241054.1738.461.581.000.58
IsraelTASE 42150.0050.000.500.000.50
UAEUAE 65383.3360.000.600.200.40
MalaysiaBURSA 64166.6725.000.500.250.25
USFOREX 1310576.9250.000.500.300.20
JordanASE 144721550.0020.833.052.930.12
PortugalLISBON 1000.
PhilippinesPSE 43375.00100.
RussiaMICEX 4610068.550.
SingaporeSGX 110100.
UKLSE 1000.
TaiwanGTSM 1000.
Austria WIENERBORSE 1000.
FOREXFOREX 221100.0050.000.500.500.00
BelgiumBRUSSELS 1000.
SwitzerlandSIX 1000.
SpainIBEX 1000.
FrancePARIS 1000.
Greece ATHENS 1000.
GermanyXETRA 1000.
ChileBCS 1000.
ItalyBORSA 1000.
IndiaNSE 110100.
MexicoBMV 1000.
NetherlandsAMSTERDAM 1000.
JapanNAGOYA 75441658.6736.362.392.41-0.02
BangladeshDSE 992100.0022.220.670.78-0.11
IndonesiaIDX 84250.0050.000.500.75-0.25
Vietnam HOSE 42050.
Hong KongHKEX 221100.0050.000.000.50-0.50
NorwayOSE 110100.
JapanSAPPORO 21050.
BrazilBOVESPA 110100.
AustraliaASX 110100.
ThailandSET 52040.
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


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.

Candlesticker.com is an independent and free website and all the Services provided by Americanbulls.com LLC at Candlesticker.com are completely free of charge. Americanbulls.com LLC does not receive compensation by any direct or indirect means from the visitors and users of this website (or of any other bulls.com© family websites), and from the stocks, securities and other institutions or any underwriters or dealers associated with the broader national or international forex, commodity and stock markets.

You agree that Candlesticker.com and Americanbulls.com LLC its parent company, subsidiaries, affiliates, officers and employees shall not be liable for any direct, indirect, incidental, special or consequential damages.