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
NorwayOSE 52321410841.3050.007.631.386.25
OmanMSM 5716628.0737.505.440.694.75
ArgentinaBUE 180784846.6757.144.731.003.73
TurkeyBIST 2929113258238.6551.414.781.103.68
BrazilBOVESPA 90638720042.8351.554.641.103.54
IndiaBSE 250190144036.0748.785.181.673.50
USOTC PINK 2625110344842.1340.518.294.903.39
Greece ATHENS 240944639.1748.944.121.123.00
PhilippinesPSE 31133.33100.003.000.003.00
South KoreaKOSDAQ 3490142676140.9553.254.121.212.91
USNASDAQ 4771200999342.3649.134.251.472.78
IndonesiaIDX 247888340335.6345.643.911.202.70
EgyptEGX 60424311640.2347.744.251.712.54
JapanSAPPORO 72128.5750.003.000.502.50
IsraelTASE 3291336740.4350.383.661.172.49
Poland GPW 152154623635.9643.143.981.492.48
CanadaCSE 5151876536.5034.576.934.622.31
DenmarkCOPENHAGEN 3351606647.7641.253.401.182.23
UKLSE 3626144175539.7752.363.090.982.11
Hong KongHKEX 78102942124737.7642.293.701.622.08
BangladeshDSE 247793441537.7144.433.231.192.04
IndiaNSE 2968104747635.3845.334.642.622.02
SwedenSTOCKHOLM 181877736442.7446.853.291.301.99
The World 107384439252034840.9646.263.341.411.93
USAMEX 76433815344.2445.273.431.501.93
ChinaSZSE 200179640239.7850.503.031.121.90
CanadaTSX 3630158768443.7243.103.321.421.90
Austria WIENERBORSE 103503048.5460.002.540.661.88
South KoreaKRX 3682143672239.0550.212.710.861.84
JapanTOKYO 71753326168246.3650.572.700.901.81
RussiaMICEX 5652239840.1843.173.001.221.78
Vietnam HOSE 113142921037.9348.952.871.121.76
AustraliaASX 5590243299643.5440.923.731.991.75
TaiwanGTSM 3520142668840.5148.252.610.891.73
ChinaSSE 152059730439.2850.922.590.961.63
FrancePARIS 169865931138.9347.052.711.081.62
Saudi ArabiaTADAWUL 2821176141.4952.142.460.881.58
USNYSE 41201919100446.6752.212.140.691.45
JapanNAGOYA 83381745.7844.742.050.631.42
TaiwanTWSE 52872283112743.1849.362.130.741.39
ItalyBORSA 87540618946.5146.442.230.971.26
CanadaTSX-V 234593933040.0935.114.663.481.19
MalaysiaBURSA 3662138858537.9042.152.611.441.17
PortugalLISBON 85321337.6540.632.381.251.13
PhilippinesPSE 81728712335.1342.862.421.381.04
ThailandSET 31133.33100.001.000.001.00
TaiwanGTSM 21150.00100.001.000.001.00
Austria WIENERBORSE 42250.00100.001.000.001.00
CanadaTSX 111100.00100.001.000.001.00
Greece ATHENS 42250.00100.001.000.001.00
FrancePARIS 53360.00100.001.000.001.00
SpainIBEX 101110.00100.001.000.001.00
GermanyXETRA 32266.67100.001.000.001.00
ItalyBORSA 53360.00100.001.000.001.00
PortugalLISBON 71114.29100.001.000.001.00
PakistanKSE 3051215239.6742.982.791.870.93
QatarQE 105381636.1942.111.710.790.92
ThailandSET 6119238290938.9838.112.391.470.92
UAEUAE 230893838.7042.702.061.150.91
GermanyXETRA 118755325446.5945.931.881.050.83
SwitzerlandSIX 75737115549.0141.781.680.910.77
BelgiumBRUSSELS 3051406645.9047.141.350.720.63
Vietnam HNX 5882339939.6342.492.371.800.57
SpainIBEX 3251345641.2341.792.041.480.57
UKLSE 52140.0050.000.500.000.50
SingaporeSGX 62133.3350.000.500.000.50
MalaysiaBURSA 82125.0050.000.500.000.50
NetherlandsAMSTERDAM 2741094639.7842.201.501.010.50
JordanASE 176863248.8637.212.151.690.47
USPREFERRED 51824111146.5346.060.790.390.39
BelgiumBRUSSELS 93233.3366.670.670.330.33
NetherlandsAMSTERDAM 93233.3366.670.670.330.33
SingaporeSGX 187177327141.3135.061.781.500.28
MexicoBMV 141622243.9735.481.661.480.18
KuwaitKSE 232823435.3441.461.721.600.12
USFOREX 2912641.3850.000.250.170.08
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 2000.000.000.000.000.00
SwitzerlandSIX 110100.000.000.000.000.00
JapanTOKYO 1000.000.000.000.000.00
IndiaNSE 110100.000.000.000.000.00
UAEUAE 31033.330.000.000.000.00
PakistanKSE 31133.33100.000.000.000.00
Poland GPW 1000.000.000.000.000.00
Vietnam HOSE 21050.000.000.000.000.00
USWARRANTS 2000.000.000.000.000.00
JapanFUKUOKA 218338.1037.501.251.50-0.25
BangladeshDSE 72028.570.000.002.00-2.00
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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