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 1/1/2015
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
USWARRANTS 137453.8557.1458.295.7152.57
USOTC PINK 2925119555640.8946.499.793.546.25
CanadaCSE 3691355136.5937.789.663.765.90
ArgentinaBUE 186885647.3163.646.610.895.73
OmanMSM 5817829.3147.065.710.764.94
IndiaBSE 2967113264538.1956.936.001.324.68
IndiaNSE 3051111758436.6152.285.911.334.58
NorwayOSE 60625212941.7550.995.781.304.48
Greece ATHENS 232854536.6452.945.521.474.05
ChileBCS 111100.00100.004.000.004.00
South KoreaKOSDAQ 3668152589641.6658.644.850.913.93
Hong KongHKEX 80963077145238.0147.195.001.443.56
South KoreaKRX 3622145382440.1256.714.140.653.49
TurkeyBIST 3378129665238.3750.314.231.033.21
USAMEX 87837920343.1753.564.381.203.18
USNASDAQ 54192272128542.0056.464.241.113.13
ChinaSZSE 121749529040.6758.593.960.953.01
PhilippinesPSE 31133.33100.003.000.003.00
Saudi ArabiaTADAWUL 2531127444.2766.073.750.822.93
EgyptEGX 67727613740.7749.644.291.392.90
BrazilBOVESPA 104341323539.6056.903.991.102.88
IndonesiaIDX 260289540134.4044.803.961.192.76
IsraelTASE 3321497844.8852.353.680.972.71
UKLSE 3934157088139.9156.113.390.772.62
ChinaSSE 89937020741.1655.953.400.782.62
The World 114060466562330540.9349.923.721.192.52
JapanSAPPORO 72128.5750.003.000.502.50
Poland GPW 154554626235.5347.723.721.242.47
PakistanKSE 3431255636.4444.803.521.212.31
AustraliaASX 57072444111442.8845.534.041.742.30
TaiwanGTSM 3837148281038.6254.663.020.732.29
SwedenSTOCKHOLM 194382842142.6150.853.451.172.29
FrancePARIS 171265632738.5549.553.251.022.23
RussiaMICEX 5071989839.0549.493.181.052.13
CanadaTSX 4063176783643.5147.293.391.352.05
CanadaTSX-V 229291331639.8834.575.283.272.01
JapanTOKYO 87514032211246.1152.342.770.851.92
USNYSE 47882213127546.2257.612.450.551.90
Austria WIENERBORSE 77312140.2667.742.260.421.84
PhilippinesPSE 95132214833.8645.963.141.301.83
BangladeshDSE 250397243238.8344.443.021.191.83
JapanNAGOYA 93432146.2448.842.160.421.74
TaiwanTWSE 56272413127842.8852.962.310.661.65
ItalyBORSA 88539320244.4151.402.230.641.58
QatarQE 104351833.6551.432.110.541.57
SpainIBEX 4081728642.1650.002.931.461.47
Vietnam HOSE 131351724639.3847.582.721.251.47
DenmarkCOPENHAGEN 3741677244.6543.112.541.141.40
PortugalLISBON 96331234.3836.362.611.271.33
JapanFUKUOKA 206230.0033.332.000.671.33
ThailandSET 6006233592938.8839.792.531.221.31
MalaysiaBURSA 3950150662238.1341.302.581.431.15
SwitzerlandSIX 78337317847.6447.721.820.671.14
TaiwanGTSM 111100.00100.001.000.001.00
ThailandSET 31133.33100.001.000.001.00
ItalyBORSA 21150.00100.001.000.001.00
PortugalLISBON 61116.67100.001.000.001.00
NetherlandsAMSTERDAM 41125.00100.001.000.001.00
MalaysiaBURSA 81112.50100.001.000.001.00
Greece ATHENS 21150.00100.001.000.001.00
FrancePARIS 21150.00100.001.000.001.00
GermanyXETRA 111100.00100.001.000.001.00
SpainIBEX 81112.50100.001.000.001.00
Austria WIENERBORSE 21150.00100.001.000.001.00
BelgiumBRUSSELS 41125.00100.001.000.001.00
UAEUAE 2661094340.9839.452.151.170.98
SingaporeSGX 232594233440.5235.462.291.430.86
GermanyXETRA 112951625945.8850.001.710.870.85
MexicoBMV 176763543.1846.051.700.910.79
BelgiumBRUSSELS 2571125343.5847.321.440.730.71
USPREFERRED 57125913145.3650.580.830.290.54
NetherlandsAMSTERDAM 261984437.5544.901.180.680.50
SingaporeSGX 62133.3350.000.500.000.50
Vietnam HNX 72427310937.7139.932.582.090.49
JordanASE 2401163648.3331.031.921.660.27
KuwaitKSE 3761474839.1032.652.171.950.22
USFOREX 2511544.0045.450.270.180.09
IsraelTASE 3000.000.000.000.000.00
ChinaSSE 3000.000.000.000.000.00
AustraliaASX 72028.570.000.000.000.00
BangladeshDSE 2000.000.000.000.000.00
ArgentinaBUE 31133.33100.000.000.000.00
FOREXFOREX 2000.000.000.000.000.00
SwitzerlandSIX 110100.000.000.000.000.00
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
Vietnam HOSE 21050.000.000.000.000.00
UKLSE 3000.000.000.000.000.00
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.

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