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 1/1/2021
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
FOREXFOREX 62133.3350.0018.500.5018.00
EgyptEGX 200572942336.3658.026.801.245.56
ArgentinaBUE 44420111346.4054.856.311.384.93
PakistanKSE 58120611035.4653.405.511.384.13
USNASDAQ 68792900144642.2249.795.431.703.74
USAMEX 118551224843.2148.444.591.243.35
OmanMSM 80251132.5042.314.150.853.31
South KoreaKOSDAQ 52122206114042.3351.684.351.233.12
IsraelTASE 69225313536.7153.154.441.423.01
IsraelTASE 105250.0040.004.001.003.00
Vietnam HOSE 179373041940.7157.403.900.922.99
CanadaTSX-V 4703175773537.3641.835.983.192.79
KuwaitKSE 63321911534.6052.513.730.952.78
CanadaCSE 156254420434.8337.506.884.162.72
TaiwanGTSM 57702426129642.1353.313.500.852.65
USOTC PINK 3680148059941.9338.826.854.202.65
Vietnam HNX 81633216040.6948.194.071.542.53
JapanSAPPORO 72128.5750.003.000.502.50
ChinaSZSE 60912585137742.4453.273.400.972.43
QatarQE 186813643.5544.443.270.852.42
BangladeshDSE 3163116154736.7147.113.701.302.40
ChileBCS 149734048.9954.793.391.022.37
PhilippinesPSE 143148220233.6841.913.581.222.36
CanadaTSX 55412295108841.4247.413.831.522.31
Hong KongHKEX 117114414184937.6941.894.001.772.23
ChinaSSE 54792386130443.5554.653.030.812.22
South KoreaKRX 53302236118941.9553.183.150.932.21
JapanNAGOYA 166763345.7843.422.960.912.05
BrazilBOVESPA 210085040740.4847.883.331.292.04
TaiwanTWSE 86453874203844.8152.612.780.772.01
PakistanKSE 93233.3366.672.330.332.00
JapanTOKYO 132026087295946.1148.612.750.931.82
USNYSE 63472920155546.0153.252.580.761.81
AustraliaASX 130695431229141.5642.184.102.311.79
The World 188496549162644541.1934.062.681.061.62
MalaysiaBURSA 59132573110443.5142.913.542.121.42
JapanFUKUOKA 34181052.9455.561.620.531.09
PortugalLISBON 152213.33100.001.000.001.00
SwedenSTOCKHOLM 111100.00100.001.000.001.00
TaiwanGTSM 21150.00100.001.000.001.00
SpainIBEX 192210.53100.001.000.001.00
GermanyXETRA 43375.00100.001.000.001.00
CanadaTSX 31133.33100.001.000.001.00
PhilippinesPSE 94244.4450.001.000.001.00
UKLSE 114336.3675.001.000.250.75
USFOREX 68251336.7652.000.880.200.68
MexicoBMV 2681094340.6739.452.251.730.52
ThailandSET 62133.3350.000.500.000.50
FrancePARIS 147550.0071.430.860.430.43
ItalyBORSA 147550.0071.430.860.430.43
SingaporeSGX 93133.3333.330.330.000.33
MalaysiaBURSA 123225.0066.670.330.000.33
NetherlandsAMSTERDAM 146442.8666.670.500.170.33
Austria WIENERBORSE 136446.1566.670.830.500.33
BelgiumBRUSSELS 146442.8666.670.500.170.33
Greece ATHENS 207435.0057.140.710.430.29
BangladeshDSE 2814750.0050.000.640.360.29
PortugalLISBON 1474231.294.350.120.050.07
NetherlandsAMSTERDAM 5071141.620.470.050.000.05
Austria WIENERBORSE 2891142.560.810.020.000.02
UKLSE 74984237.450.070.020.000.02
GermanyXETRA 26021144.240.090.010.000.01
ItalyBORSA 20003244.200.230.010.000.00
TurkeyBIST 22071143.410.100.000.000.00
ThailandSET 112307238.560.050.000.000.00
SwitzerlandSIX 15750048.950.000.000.000.00
AustraliaASX 72028.570.000.000.000.00
BelgiumBRUSSELS 7720043.910.000.000.000.00
ArgentinaBUE 31133.33100.000.000.000.00
SpainIBEX 7460038.610.000.000.000.00
Greece ATHENS 5200039.230.000.000.000.00
FrancePARIS 32990039.350.000.000.000.00
IndonesiaIDX 2000.000.000.000.000.00
DenmarkCOPENHAGEN 1000.000.000.000.000.00
NorwayOSE 9440039.940.000.000.000.00
NorwayOSE 1000.000.000.000.000.00
MexicoBMV 1000.000.000.000.000.00
UAEUAE 4800037.710.000.000.000.00
Saudi ArabiaTADAWUL 12310044.030.000.000.000.00
South KoreaKOSDAQ 110100.000.000.000.000.00
IndiaNSE 47350036.330.000.000.000.00
IndiaNSE 110100.000.000.000.000.00
JapanTOKYO 42150.0050.000.500.500.00
USWARRANTS 1770034.460.000.000.000.00
Poland GPW 2000.000.000.000.000.00
SwedenSTOCKHOLM 25230042.610.000.000.000.00
RussiaMICEX 7640043.190.000.000.000.00
RussiaMICEX 2000.000.000.000.000.00
TurkeyBIST 111100.00100.000.000.000.00
IndiaBSE 44241035.710.000.000.000.00
IndonesiaIDX 49553036.870.000.000.000.00
Poland GPW 23822040.090.000.000.000.00
DenmarkCOPENHAGEN 5981045.150.000.000.01-0.01
USPREFERRED 7823044.500.000.000.01-0.01
SingaporeSGX 3012129446242.9635.701.691.86-0.17
UAEUAE 104040.000.000.000.25-0.25
JordanASE 159823051.5736.591.191.47-0.27
SwitzerlandSIX 53060.000.000.000.33-0.33
ChinaSSE 123025.000.000.000.33-0.33
Vietnam HOSE 52040.000.000.000.50-0.50
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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