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 1/1/2018
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
FOREXFOREX 83237.5066.679.671.678.00
NorwayOSE 81434717442.6350.146.991.515.48
Poland GPW 229988442738.4548.306.561.445.12
CanadaCSE 88733312937.6638.629.094.144.95
IndiaBSE 3621129765835.8250.736.531.664.87
TurkeyBIST 3416136775440.0255.165.751.034.72
ArgentinaBUE 3111367943.7358.095.811.134.68
IndiaNSE 4291154077035.8950.006.432.224.20
Austria WIENERBORSE 33171251.5270.594.470.533.94
USOTC PINK 4203176173742.0941.668.995.093.90
USNASDAQ 61382681140043.7952.085.141.463.68
IndonesiaIDX 3637133962236.8246.454.701.193.51
PakistanKSE 72228.57100.003.500.003.50
EgyptEGX 93037319240.1151.475.061.613.45
USWARRANTS 3314742.4250.007.714.293.43
South KoreaKOSDAQ 50412103115941.7655.064.501.133.38
OmanMSM 80251132.5042.314.150.853.31
BrazilBOVESPA 129855229242.5352.904.401.133.27
ItalyBORSA 146865632144.6948.934.090.933.16
SwedenSTOCKHOLM 2594110353142.5648.104.441.313.13
PhilippinesPSE 41125.00100.003.000.003.00
CanadaTSX 49862184102243.8846.714.241.332.91
Greece ATHENS 3611487541.0050.684.031.142.89
IsraelTASE 51721111341.0153.303.891.162.73
USAMEX 100043320643.4047.474.091.412.68
UKLSE 56952221119439.0553.693.620.972.64
FrancePARIS 2572102751539.9350.153.600.962.64
The World 157875654503164341.4848.324.021.392.63
Hong KongHKEX 112694324188138.3743.504.201.602.60
Vietnam HOSE 162161431837.8851.793.601.062.55
PakistanKSE 4411727939.0045.934.201.662.55
ChinaSZSE 3630156081942.9852.503.601.072.53
CanadaTSX-V 3273136852741.8338.505.933.402.53
QatarQE 177773843.5049.353.260.742.52
AustraliaASX 90403883170343.0043.814.501.992.51
JapanSAPPORO 72128.5750.003.000.502.50
South KoreaKRX 52592106111240.0552.803.230.832.41
ChinaSSE 3000124967941.6354.363.140.822.31
TaiwanGTSM 50872082105640.9350.723.120.842.29
ChileBCS 40221055.0045.453.090.862.23
UAEUAE 3301295939.0945.743.210.992.22
Saudi ArabiaTADAWUL 54925214445.9057.142.910.692.21
JapanTOKYO 108585006255846.1051.103.050.892.16
RussiaMICEX 82434515441.8744.643.191.052.15
BangladeshDSE 3626138162738.0945.403.391.242.15
USNYSE 53012550139548.1054.712.790.702.09
MalaysiaBURSA 59712402103240.2342.963.421.412.01
TaiwanTWSE 75923316169043.6850.972.640.731.91
GermanyXETRA 199090745145.5849.722.861.011.85
DenmarkCOPENHAGEN 49423210246.9643.972.881.141.74
Vietnam HNX 72128913340.0846.023.451.801.65
ThailandSET 92083584142838.9239.843.031.481.55
SwitzerlandSIX 117857726748.9846.272.230.731.50
PhilippinesPSE 128043319533.8345.032.721.241.48
KuwaitKSE 3421205735.0947.502.971.531.43
NetherlandsAMSTERDAM 4001608140.0050.632.010.841.17
PortugalLISBON 126431834.1341.862.191.021.16
BelgiumBRUSSELS 53224312045.6849.381.920.761.16
JapanNAGOYA 132592744.7045.761.860.761.10
TaiwanGTSM 21150.00100.001.000.001.00
PortugalLISBON 132215.38100.001.000.001.00
SwedenSTOCKHOLM 111100.00100.001.000.001.00
Greece ATHENS 93333.33100.001.000.001.00
FrancePARIS 84450.00100.001.000.001.00
GermanyXETRA 43375.00100.001.000.001.00
Austria WIENERBORSE 73342.86100.001.000.001.00
SpainIBEX 172211.76100.001.000.001.00
CanadaTSX 21150.00100.001.000.001.00
ItalyBORSA 84450.00100.001.000.001.00
JapanTOKYO 21150.00100.001.000.001.00
USPREFERRED 67731716946.8253.311.350.400.95
MexicoBMV 2691144642.3840.352.381.550.82
SpainIBEX 4601878140.6543.322.121.370.75
UKLSE 84350.0075.001.000.250.75
USFOREX 40191047.5052.630.790.210.58
BelgiumBRUSSELS 114336.3675.000.750.250.50
MalaysiaBURSA 82125.0050.000.500.000.50
NetherlandsAMSTERDAM 114336.3675.000.750.250.50
SingaporeSGX 72128.5750.000.500.000.50
ThailandSET 52140.0050.000.500.000.50
JordanASE 194953648.9737.891.841.440.40
SingaporeSGX 2677111741541.7337.151.881.860.02
IndonesiaIDX 1000.000.000.000.000.00
SwitzerlandSIX 110100.000.000.000.000.00
ArgentinaBUE 31133.33100.000.000.000.00
AustraliaASX 72028.570.000.000.000.00
BangladeshDSE 2210445.4540.000.500.500.00
Poland GPW 1000.000.000.000.000.00
NorwayOSE 1000.000.000.000.000.00
IndiaNSE 110100.000.000.000.000.00
UAEUAE 41025.000.000.000.000.00
JapanFUKUOKA 2412450.0033.331.081.33-0.25
Vietnam HOSE 32066.670.000.000.50-0.50
ChinaSSE 61016.670.000.001.00-1.00
IsraelTASE 41025.000.000.001.00-1.00
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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