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 137885264.2359.095.971.054.92
CanadaCSE 76491764.4734.699.694.824.88
IndonesiaIDX 35222511763.9252.005.871.164.71
KuwaitKSE 117653155.5647.695.741.604.14
TurkeyBIST 35622212462.3655.865.221.174.05
South KoreaKOSDAQ 25891742103267.3259.214.451.023.44
IndiaNSE 2682169991363.4253.674.701.273.43
USNASDAQ 34082297132967.6157.684.371.073.30
NetherlandsAMSTERDAM 26218910272.1453.974.010.743.27
EgyptEGX 62538319761.2851.444.711.453.26
IndiaBSE 46983053148164.9948.514.751.653.10
PakistanKSE 68341921061.3550.124.491.532.96
Greece ATHENS 89664274.1663.643.800.882.92
USOTC PINK 2976191983864.5843.606.193.442.75
Vietnam HOSE 72043924760.9756.263.731.012.72
USWARRANTS 117363.6442.865.142.432.71
IsraelTASE 53433618862.9255.953.400.852.54
USAMEX 66545824668.8753.713.771.252.52
RussiaMICEX 31121010867.5251.433.350.982.37
QatarQE 80492461.2548.983.310.942.37
BangladeshDSE 37122611060.9248.673.401.082.32
PortugalLISBON 34231667.6569.572.780.482.30
JapanFUKUOKA 108580.0062.503.251.002.25
The World 63937423232222066.2452.473.491.252.24
CanadaTSX-V 2801555855.3637.425.233.012.23
SwedenSTOCKHOLM 90561730168.1848.783.611.402.21
JapanTOKYO 55873806215068.1256.493.181.012.17
BelgiumBRUSSELS 86552963.9552.732.840.712.13
DenmarkCOPENHAGEN 1501075471.3350.473.231.132.10
South KoreaKRX 2325159285568.5653.642.960.902.06
TaiwanGTSM 119775637863.1650.
CanadaTSX 1442101754170.5353.202.830.861.97
Vietnam HNX 2901527152.4146.713.381.461.91
Poland GPW 64640721263.1651.963.581.671.91
ChinaSZSE 2218147773666.5949.833.171.281.89
JapanNAGOYA 56391869.6446.
NorwayOSE 2361777975.0044.633.231.401.83
BrazilBOVESPA 2771928869.3145.832.911.101.81
ThailandSET 103663530461.2947.872.881.111.77
UKLSE 32792245118368.5652.622.901.151.76
Saudi ArabiaTADAWUL 1811317172.3854.202.730.991.74
SpainIBEX 2421669368.6056.022.640.921.73
USNYSE 45843306200372.1660.552.410.701.71
ChinaSSE 1670112256967.1950.712.841.141.70
FrancePARIS 83857030068.0252.632.400.711.69
MexicoBMV 2151478568.3757.822.611.081.52
ItalyBORSA 128690048169.9853.442.420.971.45
Hong KongHKEX 3197188976759.2140.523.381.981.40
GermanyXETRA 1704121865271.5453.492.110.721.39
TaiwanTWSE 146092148163.0852.232.290.951.34
OmanMSM 2615657.6940.002.130.801.33
AustraliaASX 102867531865.7647.042.441.311.13
SwitzerlandSIX 42029816370.9554.701.600.501.10
UAEUAE 86542462.7944.442.261.171.09
MalaysiaBURSA 113360525153.4041.492.601.541.06
PhilippinesPSE 1971184959.9041.532.251.231.02
UAEUAE 111100.00100.
JapanTOKYO 222100.00100.
USPREFERRED 37824412664.5551.641.040.390.65
SingaporeSGX 3912358860.1037.452.401.760.64
IndonesiaIDX 52140.0050.000.500.000.50
MalaysiaBURSA 221100.0050.001.000.500.50
USFOREX 118572.7362.500.630.250.38
PakistanKSE 331100.0033.330.330.000.33
Austria WIENERBORSE 70462065.7143.481.130.980.15
TaiwanGTSM 1000.
TurkeyBIST 2000.
SingaporeSGX 110100.
ItalyBORSA 1000.
IndiaNSE 110100.
NetherlandsAMSTERDAM 1000.
PortugalLISBON 1000.
PhilippinesPSE 111100.00100.
SpainIBEX 1000.
FrancePARIS 1000.
GermanyXETRA 1000.
IsraelTASE 21050.
Greece ATHENS 1000.
ChinaSSE 21050.
ChileBCS 1000.
SwitzerlandSIX 1000.
BelgiumBRUSSELS 1000.
Austria WIENERBORSE 1000.
Hong KongHKEX 221100.0050.000.000.50-0.50
Vietnam HOSE 220100.
ThailandSET 31033.330.000.001.00-1.00
Poland GPW 21050.
JapanSAPPORO 21050.
ChileBCS 63150.0033.331.002.00-1.00
JordanASE 110591953.6432.201.442.54-1.10
ArgentinaBUE 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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