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 1/1/2014
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
USWARRANTS 148657.1475.0055.381.3854.00
CanadaCSE 105381436.1936.8410.503.397.11
OmanMSM 4413729.5553.857.080.696.38
USOTC PINK 192778635940.8445.629.653.296.36
ArgentinaBUE 107513247.6662.756.750.736.02
NorwayOSE 47919710041.3450.517.351.365.99
Greece ATHENS 148512734.4652.947.372.025.35
IndiaBSE 222187449739.3556.866.181.314.87
IndiaNSE 217781543537.4453.376.201.384.82
South KoreaKOSDAQ 2597107562541.3958.144.980.904.09
ChinaSZSE 48623414148.1560.265.010.994.02
ChileBCS 111100.00100.004.000.004.00
Hong KongHKEX 54522092101738.3748.615.321.373.94
South KoreaKRX 246998557039.8957.874.530.623.91
JapanFUKUOKA 102120.0050.004.000.503.50
ChinaSSE 36818210949.4659.894.080.693.40
USAMEX 71130616343.1853.094.561.203.36
EgyptEGX 4591829439.6551.654.501.193.31
BrazilBOVESPA 68628114840.9652.674.301.203.10
USNASDAQ 42121824102443.4056.024.091.013.08
PhilippinesPSE 31133.33100.003.000.003.00
TurkeyBIST 242596248139.6750.003.940.982.96
UKLSE 2658107060040.2656.073.770.832.94
FrancePARIS 99939720539.7451.643.911.092.83
IndonesiaIDX 169858925534.6943.293.901.162.74
IsraelTASE 215964844.6550.003.580.892.70
The World 78088327421658041.9450.623.821.152.67
Saudi ArabiaTADAWUL 149614040.9465.573.691.152.54
JapanNAGOYA 67281341.7946.432.860.322.54
AustraliaASX 3647155274542.5847.974.061.552.51
JapanSAPPORO 72128.5750.003.000.502.50
BangladeshDSE 152364430542.2847.363.611.122.48
RussiaMICEX 3151245939.3747.583.681.312.37
PhilippinesPSE 63222010534.9747.513.611.332.28
SwedenSTOCKHOLM 138061031844.2052.133.371.122.25
TaiwanGTSM 261699852738.1552.813.010.772.23
Austria WIENERBORSE 3613936.1169.232.540.312.23
CanadaTSX-V 143359621941.5936.745.333.192.14
USNYSE 3223151192146.9160.912.690.552.13
ArgentinaBUE 31133.33100.002.000.002.00
JapanTOKYO 63542993155647.1051.992.850.881.98
CanadaTSX 2927131363644.8648.443.281.311.97
Poland GPW 102437218636.3350.003.211.251.96
QatarQE 80241430.0058.332.380.461.92
PortugalLISBON 6421732.8133.333.241.431.81
ItalyBORSA 56325813545.8352.332.360.571.79
ThailandSET 3905161066641.2341.372.761.121.64
TaiwanTWSE 3769164287743.5753.412.250.651.61
SpainIBEX 3091356943.6951.113.031.431.60
DenmarkCOPENHAGEN 2771355848.7442.962.751.191.56
GermanyXETRA 58427215346.7556.042.150.611.55
PakistanKSE 2751034137.4539.812.861.411.46
SwitzerlandSIX 48123011447.8249.572.020.691.33
MalaysiaBURSA 2562106544041.5741.312.551.301.25
UAEUAE 170743043.5340.542.541.361.18
MexicoBMV 120502641.6752.001.760.661.10
Vietnam HOSE 93638316340.9242.562.391.371.03
MalaysiaBURSA 21150.00100.001.000.001.00
SingaporeSGX 31133.33100.001.000.001.00
ThailandSET 21150.00100.001.000.001.00
BelgiumBRUSSELS 110442140.0047.731.480.500.98
Vietnam HNX 5281987737.5038.892.891.990.90
SingaporeSGX 162468625742.2437.462.311.460.84
USPREFERRED 39319110648.6055.500.840.230.61
NetherlandsAMSTERDAM 144562638.8946.431.110.610.50
KuwaitKSE 2951233841.6930.892.332.110.21
USFOREX 7120728.1735.000.400.300.10
JordanASE 178822546.0730.491.671.610.06
TaiwanGTSM 1000.000.000.000.000.00
TurkeyBIST 110100.000.000.000.000.00
UKLSE 3000.000.000.000.000.00
Vietnam HOSE 21050.000.000.000.000.00
Greece ATHENS 1000.000.000.000.000.00
IsraelTASE 3000.000.000.000.000.00
ItalyBORSA 1000.000.000.000.000.00
FrancePARIS 1000.000.000.000.000.00
SpainIBEX 4000.000.000.000.000.00
AustraliaASX 51020.000.000.000.000.00
BangladeshDSE 2000.000.000.000.000.00
FOREXFOREX 2000.000.000.000.000.00
Austria WIENERBORSE 1000.000.000.000.000.00
SwitzerlandSIX 21050.000.000.000.000.00
BelgiumBRUSSELS 1000.000.000.000.000.00
PakistanKSE 3000.000.000.000.000.00
Poland GPW 1000.000.000.000.000.00
PortugalLISBON 4000.000.000.000.000.00
NetherlandsAMSTERDAM 1000.000.000.000.000.00
UAEUAE 83137.5033.330.000.33-0.33
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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