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 1/1/2016
Stock Exchange 
Per Trade 
Total Net% Descending
FOREXFOREX 332100.0066.6750.000.3349.67
ArgentinaBUE 32166.6750.0017.001.5015.50
ArgentinaBUE 1881227464.8960.666.551.025.52
TurkeyBIST 64839823061.4257.795.190.914.27
IndonesiaIDX 79348725261.4151.755.021.073.94
IndiaNSE 45602940162064.5255.065.171.333.83
IndiaBSE 74304875244765.6150.195.411.703.70
South KoreaKOSDAQ 46553068182865.9159.584.661.063.61
PhilippinesPSE 42126913963.9051.674.621.183.44
ChinaSZSE 41432939165070.9456.144.331.233.11
PortugalLISBON 74523370.2763.464.080.983.10
CanadaCSE 98592260.2037.297.954.923.03
BrazilBOVESPA 61041823468.5255.983.820.872.94
USNASDAQ 65444439250667.8556.444.021.102.92
KuwaitKSE 3252029162.1545.054.651.732.92
EgyptEGX 124573337458.8851.024.241.372.87
TaiwanGTSM 2256145375864.4152.173.800.972.83
PakistanKSE 108668335062.8951.244.401.612.79
IsraelTASE 89959333565.9656.493.660.902.76
Vietnam HNX 38521711256.3651.613.931.372.56
NorwayOSE 41327013165.3848.523.721.172.55
ChinaSSE 30252167117571.6454.223.661.122.54
BangladeshDSE 79547923860.2549.693.721.192.53
CanadaTSX-V 4182389856.9441.185.162.712.45
Greece ATHENS 1831246667.7653.233.991.562.44
The World 114941762974090766.4153.593.581.212.37
Saudi ArabiaTADAWUL 45932418370.5956.483.250.892.36
Vietnam HOSE 110765134558.8153.003.431.082.34
SwedenSTOCKHOLM 1521103752268.1850.343.761.432.33
UAEUAE 135904166.6745.563.671.402.27
JapanTOKYO 104717126406168.0556.993.230.992.24
CanadaTSX 32302145117366.4154.693.100.872.23
South KoreaKRX 41892776150766.2754.293.100.882.22
RussiaMICEX 38025912868.1649.423.431.322.11
QatarQE 1591015363.5252.483.020.972.05
USAMEX 118581241868.5251.483.291.252.04
ThailandSET 1764107750561.0546.893.131.102.02
USOTC PINK 50633251139364.6842.535.213.301.91
Poland GPW 103463331961.2250.393.461.551.91
Hong KongHKEX 54743336147461.0044.143.761.901.87
BelgiumBRUSSELS 1951307666.6758.462.440.581.85
FrancePARIS 1657110061266.3955.642.600.781.82
USNYSE 88946301375970.8559.662.550.741.81
UKLSE 58473928205767.2752.302.901.141.76
SpainIBEX 45130217066.9656.293.151.411.74
TaiwanTWSE 2834182298564.2954.062.410.801.61
GermanyXETRA 29442116118871.8856.142.310.721.59
MexicoBMV 36425714570.6056.422.420.871.56
MalaysiaBURSA 2036112347955.1642.652.951.451.50
NetherlandsAMSTERDAM 52238523773.7561.561.980.621.36
SwitzerlandSIX 86061334671.2856.441.890.581.31
ItalyBORSA 2426167189168.8853.322.170.911.26
AustraliaASX 1743117758167.5349.362.531.341.19
JapanFUKUOKA 2115871.4353.332.131.071.07
DenmarkCOPENHAGEN 2852018970.5344.282.381.381.00
Austria WIENERBORSE 146934363.7046.241.700.770.92
SingaporeSGX 91454421859.5240.072.281.390.89
JapanNAGOYA 90622668.8941.941.871.110.76
JapanTOKYO 332100.0066.670.670.000.67
USPREFERRED 60541422568.4354.350.970.390.58
IndonesiaIDX 52140.0050.000.500.000.50
MalaysiaBURSA 221100.0050.001.000.500.50
OmanMSM 68411460.2934.151.661.200.46
USFOREX 129575.0055.560.560.220.33
ChileBCS 136346.1550.001.501.170.33
PakistanKSE 772100.0028.570.140.000.14
SingaporeSGX 110100.
RussiaMICEX 111100.00100.
PortugalLISBON 1000.
TaiwanGTSM 1000.
TurkeyBIST 2000.
SwitzerlandSIX 1000.
GermanyXETRA 1000.
SpainIBEX 1000.
Greece ATHENS 1000.
FrancePARIS 1000.
IsraelTASE 21050.
Austria WIENERBORSE 1000.
BangladeshDSE 21050.
BelgiumBRUSSELS 1000.
ChinaSSE 32066.670.
ChileBCS 1000.
IndiaNSE 110100.
ItalyBORSA 1000.
UAEUAE 221100.0050.000.500.500.00
NetherlandsAMSTERDAM 1000.
PhilippinesPSE 111100.00100.
JordanASE 1891083857.1435.191.842.31-0.46
Vietnam HOSE 220100.
Hong KongHKEX 221100.0050.000.000.50-0.50
Poland GPW 21050.
JapanSAPPORO 21050.
ThailandSET 31033.330.000.001.00-1.00
USWARRANTS 105150.0020.002.403.60-1.20
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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