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 1/1/2017
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
ArgentinaBUE 2391076144.7757.016.541.325.22
NorwayOSE 75831215541.1649.685.521.454.07
OmanMSM 77231029.8743.484.570.703.87
TurkeyBIST 4153163985239.4751.984.761.073.69
IndiaBSE 3566133466937.4150.155.411.783.63
South KoreaKOSDAQ 46581941104041.7353.504.581.213.38
PhilippinesPSE 31133.33100.003.000.003.00
Hong KongHKEX 103183901171037.8143.834.501.642.87
IndiaNSE 3745136865936.5848.105.372.542.83
USOTC PINK 3812153362840.8740.317.534.722.81
USNASDAQ 63012663133342.3349.984.211.432.78
Greece ATHENS 2971125637.7150.004.381.682.71
South KoreaKRX 4758191097040.1450.793.460.882.59
BrazilBOVESPA 128653828741.8453.353.841.272.57
CanadaCSE 6172217135.9831.987.845.332.51
JapanSAPPORO 72128.5750.003.000.502.50
ChinaSZSE 232894847240.7249.793.711.262.45
USAMEX 105045722243.5248.583.891.452.45
ChinaSSE 174270836140.6450.993.441.022.42
IndonesiaIDX 3502123155835.1545.333.631.232.41
Saudi ArabiaTADAWUL 41219211646.6060.423.090.702.39
Austria WIENERBORSE 140593842.1464.412.810.562.25
IsraelTASE 46019610142.6151.533.441.302.14
UKLSE 51422049108039.8752.683.090.952.14
Poland GPW 189668231035.9745.453.591.462.14
FrancePARIS 230491544739.7148.853.110.992.12
EgyptEGX 90936316639.9345.733.751.642.12
The World 145599598372810941.1346.943.441.402.05
CanadaTSX 5107220498543.1644.693.421.412.02
ChileBCS 32166.6750.002.000.002.00
RussiaMICEX 63625511440.0944.713.131.171.95
SwedenSTOCKHOLM 2435105149343.1646.913.321.371.95
BangladeshDSE 3420130257138.0743.863.131.291.84
TaiwanGTSM 4790188992639.4449.022.650.881.77
AustraliaASX 71333085130843.2542.403.681.951.73
JapanTOKYO 110885128257446.2550.202.630.911.72
USNYSE 56892648141146.5553.292.290.671.62
Vietnam HOSE 168865330438.6846.552.711.191.53
PhilippinesPSE 117839716733.7042.072.831.331.50
JapanNAGOYA 120532544.1747.172.090.621.47
GermanyXETRA 155570734245.7248.102.340.921.42
TaiwanTWSE 72683168156443.5949.372.170.751.42
JapanFUKUOKA 2910534.4850.002.100.701.40
NetherlandsAMSTERDAM 3761497239.6348.322.160.881.28
CanadaTSX-V 2652105338339.7436.344.853.591.26
ItalyBORSA 125156626245.2446.292.190.931.25
DenmarkCOPENHAGEN 4682178846.3740.552.531.281.24
MalaysiaBURSA 5094197684838.8342.872.651.431.22
SpainIBEX 4521868241.1544.092.651.461.19
QatarQE 158633039.8747.621.840.671.17
PakistanKSE 4531746838.4139.082.961.861.10
Vietnam HNX 78630312938.5542.572.831.761.08
Austria WIENERBORSE 42250.00100.001.000.001.00
CanadaTSX 111100.00100.001.000.001.00
Greece ATHENS 42250.00100.001.000.001.00
FrancePARIS 53360.00100.001.000.001.00
GermanyXETRA 32266.67100.001.000.001.00
SpainIBEX 11119.09100.001.000.001.00
ItalyBORSA 53360.00100.001.000.001.00
PortugalLISBON 81112.50100.001.000.001.00
TaiwanGTSM 21150.00100.001.000.001.00
UAEUAE 3091245040.1340.322.181.190.98
SwitzerlandSIX 99849322249.4045.031.690.760.92
ThailandSET 82033162119838.5537.892.381.510.87
BelgiumBRUSSELS 3881778845.6249.721.560.780.78
PortugalLISBON 125461736.8036.962.131.370.76
MexicoBMV 195883645.1340.912.051.350.69
KuwaitKSE 4421716538.6938.012.251.680.57
JordanASE 2701344949.6336.572.011.480.53
SingaporeSGX 62133.3350.000.500.000.50
ThailandSET 42150.0050.000.500.000.50
MalaysiaBURSA 82125.0050.000.500.000.50
SingaporeSGX 2768115039841.5534.612.001.540.47
USPREFERRED 69833815948.4247.040.810.360.45
BelgiumBRUSSELS 93233.3366.670.670.330.33
NetherlandsAMSTERDAM 93233.3366.670.670.330.33
USFOREX 3113741.9453.850.460.150.31
JapanTOKYO 1000.000.000.000.000.00
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
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
Vietnam HOSE 21050.000.000.000.000.00
USWARRANTS 4000.000.000.000.000.00
UKLSE 52140.0050.000.500.500.00
BangladeshDSE 145335.7160.000.200.80-0.60
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.

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