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 54622411241.3949.566.991.375.62
OmanMSM 5716628.0737.505.440.694.75
TurkeyBIST 3017117661238.9852.044.961.083.88
ArgentinaBUE 188764743.6257.324.620.963.66
BrazilBOVESPA 95140621542.8052.834.551.093.46
IndiaBSE 260694345736.2248.415.031.703.33
USOTC PINK 2784114946141.4939.917.974.943.03
Greece ATHENS 253964737.9448.964.131.133.00
PhilippinesPSE 31133.33100.003.000.003.00
South KoreaKOSDAQ 3663149980441.0053.534.171.182.99
USNASDAQ 49512078103642.3149.454.261.462.81
IndonesiaIDX 261593443035.7246.043.811.182.63
EgyptEGX 62725112040.0347.814.251.702.55
CanadaCSE 5752027635.3037.447.214.682.52
JapanSAPPORO 72128.5750.003.000.502.50
Poland GPW 155055724336.0043.553.841.502.35
IsraelTASE 3461437141.3349.653.461.182.28
SwedenSTOCKHOLM 190181437942.8246.563.401.312.10
UKLSE 3805150878739.6852.123.030.952.08
Austria WIENERBORSE 109523147.7159.622.730.652.08
DenmarkCOPENHAGEN 3541676847.1840.723.291.222.07
IndiaNSE 3071108249935.3046.034.732.662.07
Hong KongHKEX 81213058129237.7442.153.671.642.03
USAMEX 78034415644.1045.353.521.531.99
ChinaSZSE 217187143940.1250.403.081.151.93
CanadaTSX 3794165571943.6243.443.341.411.93
The World 112375459432137140.9546.443.321.411.91
RussiaMICEX 58823610540.8243.753.081.201.88
BangladeshDSE 267399343337.1543.613.121.251.88
South KoreaKRX 3846150576639.1850.832.700.841.86
Vietnam HOSE 119345322137.9748.792.941.121.83
JapanTOKYO 75083501177546.6350.702.700.891.81
TaiwanGTSM 3671149072840.5948.862.660.871.79
AustraliaASX 58432543104943.5941.193.751.991.76
FrancePARIS 176768732739.1647.252.781.071.71
ChinaSSE 167765233638.8851.532.600.941.66
USNYSE 43032015106446.9252.702.180.691.49
JapanNAGOYA 84381745.2444.742.050.631.42
TaiwanTWSE 55522408119243.3749.502.100.741.36
ItalyBORSA 93142620145.8647.072.280.961.33
UAEUAE 243903937.0443.332.441.131.31
Saudi ArabiaTADAWUL 3201307041.5652.631.950.751.20
CanadaTSX-V 238194233239.6135.214.613.471.14
PhilippinesPSE 84830013235.3844.002.421.331.09
MalaysiaBURSA 3857148162638.4042.272.641.561.08
QatarQE 121462138.0245.651.720.671.04
TaiwanGTSM 21150.00100.001.000.001.00
Greece ATHENS 42250.00100.001.000.001.00
FrancePARIS 53360.00100.001.000.001.00
SpainIBEX 101110.00100.001.000.001.00
GermanyXETRA 32266.67100.001.000.001.00
Austria WIENERBORSE 42250.00100.001.000.001.00
CanadaTSX 111100.00100.001.000.001.00
PortugalLISBON 71114.29100.001.000.001.00
ItalyBORSA 53360.00100.001.000.001.00
PakistanKSE 3111225239.2342.622.821.880.94
GermanyXETRA 122956426445.8946.811.941.010.93
ThailandSET 6451249394138.6537.752.321.510.82
BelgiumBRUSSELS 3211466945.4847.261.500.730.77
Vietnam HNX 60223410038.8742.742.531.790.73
SwitzerlandSIX 78138315749.0440.991.570.880.69
PortugalLISBON 90371341.1135.142.051.410.65
NetherlandsAMSTERDAM 2871155140.0744.351.570.970.61
SpainIBEX 3301395842.1241.732.041.450.59
JordanASE 183893248.6335.962.081.560.52
SingaporeSGX 62133.3350.000.500.000.50
ThailandSET 42150.0050.000.500.000.50
MalaysiaBURSA 82125.0050.000.500.000.50
USPREFERRED 54325311846.5946.640.790.390.40
BelgiumBRUSSELS 93233.3366.670.670.330.33
NetherlandsAMSTERDAM 93233.3366.670.670.330.33
SingaporeSGX 193879828141.1835.211.801.480.32
USFOREX 3012640.0050.000.250.170.08
KuwaitKSE 243863635.3941.861.661.590.07
MexicoBMV 150642242.6734.381.611.590.02
Vietnam HOSE 21050.000.000.000.000.00
USWARRANTS 3000.000.000.000.000.00
UKLSE 52140.0050.000.500.500.00
IsraelTASE 3000.000.000.000.000.00
ChinaSSE 3000.000.000.000.000.00
AustraliaASX 72028.570.000.000.000.00
ArgentinaBUE 31133.33100.000.000.000.00
FOREXFOREX 3000.000.000.000.000.00
SwitzerlandSIX 110100.000.000.000.000.00
JapanTOKYO 1000.000.000.000.000.00
IndiaNSE 110100.000.000.000.000.00
UAEUAE 31033.330.000.000.000.00
PakistanKSE 31133.33100.000.000.000.00
Poland GPW 1000.000.000.000.000.00
JapanFUKUOKA 229340.9133.331.111.56-0.44
BangladeshDSE 145235.7140.000.200.80-0.60
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.