BULLISH MATCHING LOW
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 MATCHING LOW
Definition
This pattern occurs when two black days appear with equal closes in a downtrend. Matching Low indicates a bottom has been made, even though the new low was tested and there was no follow through, which is indicative of a good support price.
Recognition Criteria
1. The market is characterized by a prevailing downtrend.
2. A black body is observed on the first day.
3. The second day follows with another black candlestick whose closing price is exactly equal to the closing price of the first day.
Pattern Requirements and Flexibility
The Bullish Matching Low consists of two black candlesticks. The length of the first candlestick should be normal or long. Both candlesticks should close at the same level.
Trader’s Behavior
The market has been lower, as evidenced by another strong black day. The next day open higher and trade still higher, and then it closes at the same price. This is indicative of short term support and will cause much concern with the bears. What reflects the psychology of the market is not necessarily the daily trading action but with the fact that both days close at the same level.
Buy/Stop Loss Levels
The confirmation level is defined as the midpoint of the first black body. Prices should cross above this level for confirmation.

The stop loss level is defined as the lower of the last two lows. 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 1/1/2016
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
NorwayOSE 50721110741.6250.717.741.396.35
OmanMSM 5515527.2733.335.270.734.53
ArgentinaBUE 172754545.3557.694.851.093.76
TurkeyBIST 2822108755738.5251.244.761.123.63
IndiaBSE 241987943236.3849.095.211.643.57
USOTC PINK 2532106743742.2240.888.444.973.47
BrazilBOVESPA 88738219743.1851.444.421.223.19
Greece ATHENS 228914439.9148.354.161.133.03
PhilippinesPSE 31133.33100.003.000.003.00
South KoreaKOSDAQ 3404139074840.9253.704.171.173.00
CanadaCSE 4881736435.4536.997.354.462.89
IndonesiaIDX 235083438035.4945.564.061.202.85
USNASDAQ 4598194696542.4749.414.251.462.78
Poland GPW 147352522635.7142.974.101.442.66
EgyptEGX 57623311540.4549.364.271.672.60
IsraelTASE 3071266541.0451.593.751.212.54
JapanSAPPORO 72128.5750.003.000.502.50
IndiaNSE 2852101446935.6646.124.782.382.40
DenmarkCOPENHAGEN 3241526446.9142.113.471.222.25
Hong KongHKEX 74252828121538.1742.873.801.602.19
UKLSE 3405135770439.8851.843.091.002.09
BangladeshDSE 239391240338.1144.193.211.192.02
SwedenSTOCKHOLM 173373935242.6447.633.281.272.01
The World 102644420301951740.9946.393.371.401.96
South KoreaKRX 3498136770039.1451.132.760.831.93
USAMEX 74133215244.9445.653.421.511.91
ChinaSZSE 175570135439.9450.502.991.091.89
CanadaTSX 3483153065043.9342.483.291.441.84
JapanTOKYO 68873187161246.2850.582.710.891.82
AustraliaASX 5374233696043.5141.063.772.001.77
RussiaMICEX 5392139440.2643.322.991.241.74
ChinaSSE 131252127639.7152.982.690.951.74
TaiwanGTSM 3364135866240.3748.752.600.881.72
FrancePARIS 159361629338.6747.562.721.081.64
Saudi ArabiaTADAWUL 2671125841.9551.792.500.891.61
Vietnam HOSE 108341319738.1347.702.781.181.60
Austria WIENERBORSE 96462747.9258.702.260.701.57
JapanNAGOYA 80371646.2543.242.080.591.49
USNYSE 3979183695646.2251.982.160.691.46
TaiwanTWSE 50512183108643.2249.752.110.731.38
PakistanKSE 2871135139.3745.132.901.571.34
QatarQE 94331635.1148.482.030.701.33
ItalyBORSA 81537217545.6447.042.270.951.32
PhilippinesPSE 78027412135.1344.162.501.321.18
MalaysiaBURSA 3498133856938.2542.532.571.441.13
PortugalLISBON 81311238.2738.712.421.291.13
CanadaTSX-V 229791131239.7034.214.653.551.09
ThailandSET 31133.33100.001.000.001.00
TaiwanGTSM 111100.00100.001.000.001.00
ItalyBORSA 41125.00100.001.000.001.00
PortugalLISBON 71114.29100.001.000.001.00
Greece ATHENS 41125.00100.001.000.001.00
FrancePARIS 41125.00100.001.000.001.00
SpainIBEX 101110.00100.001.000.001.00
GermanyXETRA 21150.00100.001.000.001.00
Austria WIENERBORSE 41125.00100.001.000.001.00
CanadaTSX 111100.00100.001.000.001.00
ThailandSET 5796226987439.1538.522.411.420.99
UAEUAE 226883838.9443.182.081.130.95
GermanyXETRA 111151623246.4444.961.801.030.78
SwitzerlandSIX 71134214048.1040.941.600.900.69
Vietnam HNX 59423610139.7342.802.471.800.67
BelgiumBRUSSELS 2861326246.1546.971.360.750.61
SpainIBEX 3191345542.0141.042.101.510.59
SingaporeSGX 62133.3350.000.500.000.50
MalaysiaBURSA 82125.0050.000.500.000.50
JordanASE 168853150.6036.472.111.710.40
USPREFERRED 4902229745.3143.690.780.410.36
NetherlandsAMSTERDAM 258994038.3740.401.331.010.32
JapanFUKUOKA 197336.8442.861.431.140.29
SingaporeSGX 179373624941.0533.831.771.490.28
USFOREX 2812642.8650.000.250.170.08
KuwaitKSE 225763233.7842.111.721.640.08
MexicoBMV 173632136.4233.331.601.560.05
Vietnam HOSE 21050.000.000.000.000.00
USWARRANTS 2000.000.000.000.000.00
UKLSE 3000.000.000.000.000.00
AustraliaASX 72028.570.000.000.000.00
ArgentinaBUE 31133.33100.000.000.000.00
FOREXFOREX 2000.000.000.000.000.00
SwitzerlandSIX 110100.000.000.000.000.00
BelgiumBRUSSELS 72128.5750.000.500.500.00
IsraelTASE 3000.000.000.000.000.00
ChinaSSE 3000.000.000.000.000.00
IndiaNSE 110100.000.000.000.000.00
UAEUAE 31033.330.000.000.000.00
Poland GPW 1000.000.000.000.000.00
PakistanKSE 31133.33100.000.000.000.00
NetherlandsAMSTERDAM 72128.5750.000.500.500.00
BangladeshDSE 52040.000.000.000.50-0.50
USOTCBB 83037.500.000.006.33-6.33
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.

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.