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 4541909541.8550.007.081.435.65
OmanMSM 4814429.1728.575.500.864.64
ArgentinaBUE 149663946.9855.715.041.103.94
TurkeyBIST 251797148938.5850.364.801.093.71
BrazilBOVESPA 77433717743.5452.524.701.103.59
IndiaBSE 221881140136.6149.385.221.633.59
CanadaCSE 4011435535.6638.467.784.483.30
USOTC PINK 223693938042.0840.388.385.153.23
South KoreaKOSDAQ 3057125467141.1253.384.281.173.12
EgyptEGX 48520510342.2750.244.601.543.06
PhilippinesPSE 31133.33100.003.000.003.00
Poland GPW 131747520436.1442.864.391.482.91
IndonesiaIDX 208074034335.5846.354.101.192.91
IsraelTASE 2721156042.2852.173.941.082.86
IndiaNSE 255490342435.3646.954.932.172.77
USNASDAQ 4312182990842.5149.544.181.452.72
Greece ATHENS 209803938.2848.753.751.092.66
JapanSAPPORO 72128.5750.003.000.502.50
DenmarkCOPENHAGEN 2881295444.7941.863.581.232.35
Hong KongHKEX 66652561110838.4243.263.921.582.34
BangladeshDSE 213580836437.8545.053.231.152.08
UKLSE 2981120060740.2950.543.081.052.03
South KoreaKRX 3122121862839.0151.562.840.812.03
The World 92002377581751941.0746.363.401.412.00
JapanTOKYO 61222845147346.4951.762.800.871.93
SwedenSTOCKHOLM 156967131842.7747.393.221.301.92
TaiwanGTSM 3033122860840.4949.512.720.881.85
PakistanKSE 247994640.0846.463.231.461.77
Saudi ArabiaTADAWUL 221864638.9153.492.791.051.74
CanadaTSX 3074136157344.3142.073.251.541.71
AustraliaASX 4872211585343.4540.293.722.021.70
USAMEX 66429913845.0346.153.291.601.70
JapanNAGOYA 71341647.8947.062.260.621.65
RussiaMICEX 4771898140.2542.192.921.281.64
Vietnam HOSE 98637417537.9346.792.801.201.60
ChinaSZSE 140156928840.6150.622.671.091.58
Austria WIENERBORSE 73331845.2154.552.150.581.58
ChinaSSE 106742722340.0252.222.520.971.55
USNYSE 3648169487546.4451.652.260.711.55
FrancePARIS 137453024538.7246.052.671.191.48
PortugalLISBON 72271037.5037.042.591.221.37
QatarQE 84311436.9045.162.060.711.35
TaiwanTWSE 4523194996943.0949.722.100.751.35
CanadaTSX-V 215986729440.1633.914.813.491.31
ItalyBORSA 70231414644.7346.502.120.881.25
MalaysiaBURSA 3104118550238.1842.362.581.381.20
PhilippinesPSE 71626111436.4543.682.521.321.20
ThailandSET 31133.33100.001.000.001.00
TaiwanGTSM 111100.00100.001.000.001.00
ItalyBORSA 21150.00100.001.000.001.00
NetherlandsAMSTERDAM 51120.00100.001.000.001.00
PortugalLISBON 61116.67100.001.000.001.00
Austria WIENERBORSE 21150.00100.001.000.001.00
CanadaTSX 111100.00100.001.000.001.00
Greece ATHENS 21150.00100.001.000.001.00
FrancePARIS 21150.00100.001.000.001.00
SpainIBEX 81112.50100.001.000.001.00
GermanyXETRA 111100.00100.001.000.001.00
BelgiumBRUSSELS 51120.00100.001.000.001.00
ThailandSET 5216202177438.7538.302.461.470.99
SwitzerlandSIX 62830112747.9342.191.750.800.95
UAEUAE 218853438.9940.002.061.160.89
Vietnam HNX 5582169138.7142.132.531.770.76
BelgiumBRUSSELS 2401074944.5845.791.360.750.61
SpainIBEX 2811255144.4840.802.091.530.56
SingaporeSGX 62133.3350.000.500.000.50
MalaysiaBURSA 82125.0050.000.500.000.50
GermanyXETRA 96945320146.9644.181.531.040.49
JordanASE 155792950.9736.712.201.730.47
NetherlandsAMSTERDAM 219883440.1838.641.170.810.36
USPREFERRED 4241858043.6343.240.770.440.33
SingaporeSGX 163966822640.7633.831.821.510.31
USFOREX 2612646.1550.000.250.170.08
BangladeshDSE 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
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
USWARRANTS 1000.000.000.000.000.00
UKLSE 3000.000.000.000.000.00
JapanFUKUOKA 176235.2933.331.171.33-0.17
KuwaitKSE 217733033.6441.101.471.64-0.18
MexicoBMV 149581738.9329.311.021.34-0.33
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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