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
ArgentinaBUE 2651196844.9157.146.591.425.17
IndiaBSE 4367168085338.4750.775.801.704.10
ChileBCS 111100.00100.004.000.004.00
NorwayOSE 93338718941.4848.845.061.413.65
TurkeyBIST 51372033105139.5851.704.601.043.56
South KoreaKOSDAQ 58482441134141.7754.894.391.133.26
PhilippinesPSE 31133.33100.003.000.003.00
USAMEX 122352925643.2548.394.241.392.84
USNASDAQ 69952969147042.4649.494.241.422.82
Hong KongHKEX 123764720208738.1544.214.361.602.76
IndiaNSE 4246157274337.0747.205.282.602.68
South KoreaKRX 62112504132640.3252.963.460.842.63
Poland GPW 214677037035.8848.053.981.402.59
EgyptEGX 97438718939.7348.844.141.582.56
Greece ATHENS 4021577239.0545.864.211.692.52
CanadaCSE 5922146936.4931.947.494.982.50
JapanSAPPORO 72128.5750.003.000.502.50
OmanMSM 133351426.3240.003.460.972.49
ChinaSZSE 2837119562642.1252.383.541.072.48
ChinaSSE 224393250041.5553.653.300.862.43
IndonesiaIDX 4140146167035.2945.863.501.152.35
Saudi ArabiaTADAWUL 57826216045.3361.073.010.672.34
USOTC PINK 4363177471941.1940.017.214.892.32
BrazilBOVESPA 158062431839.4950.963.521.362.16
The World 170526702063336441.1947.503.431.372.06
UKLSE 60692390123339.4051.573.031.002.03
Austria WIENERBORSE 142613742.9660.662.700.692.02
FrancePARIS 2647104950139.6347.763.021.071.95
SwedenSTOCKHOLM 2724115653842.4446.543.341.401.94
JapanTOKYO 126425924305646.8651.592.820.891.93
AustraliaASX 81213462149642.6743.173.751.871.88
PakistanKSE 61622810037.0143.863.431.561.88
BangladeshDSE 4085155068937.9444.453.081.261.81
IsraelTASE 52321311140.7352.113.061.271.79
TaiwanGTSM 53722170105340.3948.532.660.921.74
DenmarkCOPENHAGEN 58126611745.7843.982.841.141.70
CanadaTSX 62752727122543.4644.923.041.391.66
Vietnam HOSE 186076135540.9146.652.861.211.65
USNYSE 67943140168146.2253.542.180.651.53
PhilippinesPSE 137446319233.7041.472.871.351.52
TaiwanTWSE 84593640180343.0349.532.250.741.50
RussiaMICEX 67026011438.8143.852.711.231.48
ItalyBORSA 139761029943.6649.022.250.881.37
SpainIBEX 57723911041.4246.032.661.331.33
JapanNAGOYA 123532543.0947.172.000.701.30
MalaysiaBURSA 62162389102138.4342.742.731.521.21
CanadaTSX-V 2831115941740.9435.984.793.591.20
Vietnam HNX 82632913939.8342.252.941.791.16
ThailandSET 92703538144138.1740.732.551.401.15
NetherlandsAMSTERDAM 4081698241.4248.521.960.861.11
GermanyXETRA 172079038445.9348.612.020.911.10
SwitzerlandSIX 121660027349.3445.501.800.761.03
TaiwanGTSM 21150.00100.001.000.001.00
PortugalLISBON 81112.50100.001.000.001.00
ItalyBORSA 53360.00100.001.000.001.00
Austria WIENERBORSE 42250.00100.001.000.001.00
CanadaTSX 111100.00100.001.000.001.00
Greece ATHENS 42250.00100.001.000.001.00
SpainIBEX 11119.09100.001.000.001.00
FrancePARIS 53360.00100.001.000.001.00
GermanyXETRA 32266.67100.001.000.001.00
PortugalLISBON 137522037.9638.462.441.540.90
UAEUAE 3791496139.3140.942.281.390.89
BelgiumBRUSSELS 4151959546.9948.721.710.830.88
QatarQE 180763442.2244.741.530.760.76
MexicoBMV 2311054045.4538.102.071.480.59
SingaporeSGX 62133.3350.000.500.000.50
ThailandSET 42150.0050.000.500.000.50
JapanFUKUOKA 2914648.2842.861.571.070.50
MalaysiaBURSA 82125.0050.000.500.000.50
USPREFERRED 79137017746.7847.840.810.380.43
SingaporeSGX 3391143451242.2935.701.991.610.38
BelgiumBRUSSELS 93233.3366.670.670.330.33
NetherlandsAMSTERDAM 93233.3366.670.670.330.33
KuwaitKSE 5772258038.9935.562.051.790.26
JordanASE 3661735347.2730.641.831.620.21
USFOREX 3113741.9453.850.310.150.15
ChinaSSE 3000.000.000.000.000.00
IsraelTASE 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
Poland GPW 1000.000.000.000.000.00
PakistanKSE 31133.33100.000.000.000.00
IndiaNSE 110100.000.000.000.000.00
JapanTOKYO 1000.000.000.000.000.00
UAEUAE 31033.330.000.000.000.00
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.

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.