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 1/1/2017
Stock Exchange 
Per Trade 
Total Net% Descending
FOREXFOREX 332100.0066.6750.000.3349.67
ArgentinaBUE 42150.0050.0017.001.5015.50
USWARRANTS 28181164.2961.1110.943.397.56
ArgentinaBUE 24315710164.6164.337.671.016.66
TurkeyBIST 67942924863.1857.817.531.126.41
Greece ATHENS 132985974.2460.
IndonesiaIDX 87051925959.6649.905.701.234.47
IndiaNSE 48243044171263.2756.095.541.284.26
EgyptEGX 123174138460.1951.825.621.444.18
South KoreaKOSDAQ 43552840170965.2160.184.931.043.89
IndiaBSE 75734902251864.8051.315.521.673.85
BelgiumBRUSSELS 2001327566.0056.824.360.633.73
NorwayOSE 43129514068.4547.465.131.553.58
USNASDAQ 68724742274869.0357.934.761.193.57
USAMEX 121083645269.0954.074.771.323.45
BrazilBOVESPA 62142722669.2452.564.380.953.43
TaiwanGTSM 2331147780663.3654.574.190.963.22
Poland GPW 112870637262.5952.694.681.513.17
IsraelTASE 99367436967.8854.754.181.043.14
PakistanKSE 107264933160.5451.004.731.603.13
CanadaTSX-V 45525510456.0440.786.243.193.04
USOTC PINK 56483650160665.4443.456.433.423.02
FrancePARIS 1736115368966.4759.713.730.723.01
ChinaSZSE 39822762150469.3654.454.401.403.01
CanadaTSX 30002064114668.8055.523.860.962.91
The World 120004790134283865.9454.
SwedenSTOCKHOLM 1638109955867.0950.774.171.412.76
South KoreaKRX 37672454139165.2856.573.610.892.72
Vietnam HOSE 129678443860.4955.873.631.022.61
Saudi ArabiaTADAWUL 42529917170.3557.193.541.012.52
USNYSE 87246119365670.1959.713.330.822.51
Vietnam HNX 42225011859.2447.203.951.502.45
JapanTOKYO 114307519427065.7856.793.501.062.44
QatarQE 164965058.5452.083.400.972.43
PortugalLISBON 69442563.7756.823.431.052.39
UAEUAE 137854162.0448.243.441.122.32
PhilippinesPSE 46327513259.4048.003.681.362.31
CanadaCSE 130823163.0837.807.234.942.29
ChinaSSE 29011999102868.9151.433.611.332.28
UKLSE 61544155223467.7653.573.321.102.22
MalaysiaBURSA 2227117853452.9045.333.721.602.13
BangladeshDSE 68840919059.4546.453.381.272.12
GermanyXETRA 35652504145470.3258.002.790.782.01
RussiaMICEX 40827713767.8949.463.081.082.00
ChileBCS 51281554.9053.573.001.002.00
TaiwanTWSE 2928183899962.7754.352.860.861.99
Hong KongHKEX 53953272143860.7843.853.981.991.99
ThailandSET 2048119752458.4543.783.281.351.94
SpainIBEX 46631217666.9556.413.301.371.94
KuwaitKSE 2601537658.8549.673.441.641.80
NetherlandsAMSTERDAM 58241426371.1363.532.500.701.80
DenmarkCOPENHAGEN 30521210569.5149.532.831.091.74
Austria WIENERBORSE 92653670.6555.382.620.881.74
AustraliaASX 1963129065465.7250.703.121.431.68
SwitzerlandSIX 85061834272.7155.342.250.671.59
ItalyBORSA 2515172892469.2653.042.480.941.54
MexicoBMV 40728715170.5252.612.440.971.48
JapanFUKUOKA 2116876.1950.002.881.631.25
SingaporeSGX 89051322357.6443.472.501.311.19
USPREFERRED 67547026469.6356.171.390.440.94
JapanNAGOYA 95642867.3743.752.661.840.81
JapanTOKYO 332100.0066.670.670.000.67
OmanMSM 48241054.1738.461.581.000.58
IndonesiaIDX 52140.0050.000.500.000.50
MalaysiaBURSA 221100.0050.001.000.500.50
UAEUAE 65383.3360.000.600.200.40
ChinaSSE 54280.0050.
USFOREX 1310576.9250.000.500.300.20
PakistanKSE 772100.0028.570.140.000.14
ItalyBORSA 1000.
IndiaNSE 110100.
IsraelTASE 21050.
South KoreaKOSDAQ 1000.
NetherlandsAMSTERDAM 1000.
PhilippinesPSE 333100.00100.
BelgiumBRUSSELS 1000.
SwitzerlandSIX 1000.
Austria WIENERBORSE 1000.
BangladeshDSE 220100.
FrancePARIS 1000.
SpainIBEX 1000.
Greece ATHENS 1000.
ChileBCS 1000.
GermanyXETRA 1000.
UKLSE 1000.
TaiwanGTSM 1000.
TurkeyBIST 2000.
SingaporeSGX 110100.
PortugalLISBON 1000.
RussiaMICEX 111100.00100.
Vietnam HOSE 220100.
Hong KongHKEX 221100.0050.000.000.50-0.50
JordanASE 155862955.4833.721.472.37-0.91
Poland GPW 21050.
ThailandSET 41025.
BrazilBOVESPA 110100.
JapanSAPPORO 21050.
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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