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 1/1/2015
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
USWARRANTS 94244.4450.0084.254.5079.75
OmanMSM 5817829.3147.065.590.764.82
ArgentinaBUE 187885147.0657.956.031.234.81
NorwayOSE 60725112541.5249.605.471.474.00
ChileBCS 111100.00100.004.000.004.00
IndiaBSE 2972113357638.1650.795.391.703.69
IndiaNSE 3057112154736.6748.805.542.123.42
CanadaCSE 3731364636.4633.828.104.773.32
Greece ATHENS 233853936.4845.885.071.783.29
South KoreaKOSDAQ 3676153182141.7353.524.391.213.17
Hong KongHKEX 81293090138138.0144.694.771.603.17
PhilippinesPSE 31133.33100.003.000.003.00
TurkeyBIST 3403129862438.1448.074.091.112.98
South KoreaKRX 3624146274140.3450.683.800.872.93
USOTC PINK 2918119246740.9539.087.955.042.90
IndonesiaIDX 261790240434.4744.793.861.242.61
EgyptEGX 68028013741.1848.934.071.482.59
Saudi ArabiaTADAWUL 2531136844.6660.183.420.922.50
JapanSAPPORO 72128.5750.003.000.502.50
USNASDAQ 54382279110341.9848.313.811.462.35
BrazilBOVESPA 105141821839.7752.153.641.302.34
ChinaSZSE 123650624840.9449.013.381.312.07
USAMEX 88538117743.0546.463.661.602.06
IsraelTASE 3261467244.7949.323.251.232.02
The World 114436468192162540.9446.163.421.431.99
FrancePARIS 172666131238.5346.923.091.141.96
UKLSE 3936157378739.9650.032.941.021.92
Poland GPW 155655123835.6042.963.391.481.91
TaiwanGTSM 3848148674038.6249.802.770.911.86
ChinaSSE 90738217642.1246.072.951.171.77
SwedenSTOCKHOLM 193582537942.6445.943.171.411.76
JapanTOKYO 87634040204546.1450.582.650.921.72
AustraliaASX 57142452101042.9541.163.722.051.67
CanadaTSX 4079177976243.6442.813.191.531.66
BangladeshDSE 252497742638.7143.602.881.231.65
RussiaMICEX 5111978539.1442.502.851.251.61
JapanNAGOYA 92432046.7446.512.140.581.56
PakistanKSE 3531285436.2642.193.121.581.54
Austria WIENERBORSE 77311840.2658.062.000.521.48
USNYSE 47992213113146.1151.112.190.711.48
PhilippinesPSE 94032013234.0441.252.971.501.47
TaiwanTWSE 56422423121342.9550.062.140.791.36
CanadaTSX-V 230491831039.8933.735.003.681.32
SpainIBEX 4101727641.9544.192.801.551.25
Vietnam HOSE 131551822939.3944.212.561.311.25
JapanFUKUOKA 206230.0033.332.000.831.17
MalaysiaBURSA 3956151064438.1742.652.541.391.15
DenmarkCOPENHAGEN 3791676944.0641.322.451.301.15
QatarQE 104351533.6542.861.860.741.11
ItalyBORSA 88839318044.2645.801.960.871.09
PortugalLISBON 96341235.4235.292.411.321.09
Vietnam HNX 71627111437.8542.072.751.671.07
Austria WIENERBORSE 21150.00100.001.000.001.00
Greece ATHENS 21150.00100.001.000.001.00
FrancePARIS 21150.00100.001.000.001.00
SpainIBEX 81112.50100.001.000.001.00
BelgiumBRUSSELS 41125.00100.001.000.001.00
GermanyXETRA 111100.00100.001.000.001.00
PortugalLISBON 61116.67100.001.000.001.00
NetherlandsAMSTERDAM 41125.00100.001.000.001.00
ItalyBORSA 21150.00100.001.000.001.00
ThailandSET 31133.33100.001.000.001.00
TaiwanGTSM 111100.00100.001.000.001.00
ThailandSET 6073234889838.6638.252.411.430.99
SwitzerlandSIX 79337816347.6743.121.700.810.89
UAEUAE 2661094140.9837.611.961.310.65
KuwaitKSE 3791475438.7936.732.311.790.52
SingaporeSGX 62133.3350.000.500.000.50
MalaysiaBURSA 82125.0050.000.500.000.50
BelgiumBRUSSELS 2521095043.2545.871.310.860.45
GermanyXETRA 114051923145.7044.341.531.090.44
USPREFERRED 57326111545.5544.060.750.380.38
SingaporeSGX 232694031540.4133.512.091.750.34
JordanASE 2381183749.5831.361.851.590.25
NetherlandsAMSTERDAM 264994137.5041.411.060.820.24
MexicoBMV 177762642.9434.211.501.280.22
USFOREX 2511544.0045.450.270.180.09
AustraliaASX 72028.570.000.000.000.00
BangladeshDSE 2000.000.000.000.000.00
ArgentinaBUE 31133.33100.000.000.000.00
FOREXFOREX 2000.000.000.000.000.00
CanadaTSX 1000.000.000.000.000.00
SwitzerlandSIX 110100.000.000.000.000.00
IsraelTASE 3000.000.000.000.000.00
ChinaSSE 3000.000.000.000.000.00
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
Vietnam HOSE 21050.000.000.000.000.00
UKLSE 3000.000.000.000.000.00
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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