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.
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.
Pattern Performance in Stock Exchanges since 1/1/2020
Stock Exchange 
Per Trade 
Total Net% Descending
TurkeyBIST 2541105562541.5259.246.851.065.80
ArgentinaBUE 42619310945.5456.196.341.384.96
IndiaNSE 4793170889235.6452.226.661.804.87
EgyptEGX 195472141136.9057.006.181.344.84
IndiaBSE 4405155975335.4148.276.431.694.75
Poland GPW 242996146139.5647.975.731.444.29
PakistanKSE 57020410435.7950.985.481.444.04
USNASDAQ 69622941145642.2749.475.161.733.43
OmanMSM 80251132.5042.314.150.853.31
IndonesiaIDX 4851179179236.9244.224.581.293.29
Vietnam HOSE 174369638839.9355.754.120.953.18
South KoreaKOSDAQ 51652177114742.2752.544.361.223.14
IsraelTASE 105250.0040.
ItalyBORSA 192886842145.0248.503.961.002.97
NorwayOSE 99740218440.3245.774.171.482.69
TaiwanGTSM 57142361125841.4153.173.520.832.69
KuwaitKSE 62220510532.9651.223.640.992.65
QatarQE 170743343.5344.593.510.882.63
Vietnam HNX 78031515340.3848.574.221.632.60
UKLSE 73022701138637.0251.283.681.122.56
CanadaTSX-V 4728175271937.0641.045.723.192.53
Austria WIENERBORSE 2751155841.8250.433.410.882.53
USAMEX 116949523142.3446.673.731.222.51
JapanSAPPORO 72128.5750.003.000.502.50
SwedenSTOCKHOLM 2564107049841.8146.464.121.622.49
ChinaSZSE 61682628139042.6152.893.370.952.41
ChileBCS 137653447.4552.313.511.112.40
ChinaSSE 53842315128243.0055.383.110.762.35
The World 188475763253643740.9347.243.761.432.33
South KoreaKRX 53172226117641.8752.833.250.932.32
BangladeshDSE 3356122457136.4746.653.591.272.31
IsraelTASE 65724712537.6050.613.691.382.30
BrazilBOVESPA 210383340539.6148.623.531.262.26
UAEUAE 4501738738.4450.293.080.852.23
CanadaTSX 56732345110441.3447.083.781.552.23
CanadaCSE 161756220834.7637.016.494.272.22
Saudi ArabiaTADAWUL 120954933445.4160.842.700.532.17
Hong KongHKEX 118594472185737.7141.533.941.772.17
USOTC PINK 3620143557041.1338.286.304.292.01
PakistanKSE 93233.3366.672.330.332.00
Greece ATHENS 4991969739.2849.493.351.361.99
TaiwanTWSE 84813794197844.7452.132.760.791.98
USNYSE 63282873153645.4053.462.660.771.88
JapanNAGOYA 159743246.5443.242.590.871.72
AustraliaASX 132095468228341.4041.754.072.351.71
FrancePARIS 3324128159938.5746.722.921.211.71
JapanTOKYO 128705942290446.1748.872.630.931.70
MalaysiaBURSA 61202606110942.5842.563.672.111.56
GermanyXETRA 2624116656244.4448.202.601.071.52
ThailandSET 110814220168938.0840.022.881.411.47
PhilippinesPSE 144548720633.7042.302.611.201.41
PortugalLISBON 153513033.3358.822.000.671.33
SwitzerlandSIX 155674433747.8145.302.070.791.28
SwedenSTOCKHOLM 111100.00100.
TaiwanGTSM 21150.00100.
PortugalLISBON 152213.33100.
PhilippinesPSE 84250.0050.
SpainIBEX 192210.53100.
GermanyXETRA 43375.00100.
CanadaTSX 31133.33100.
DenmarkCOPENHAGEN 61727411044.4140.
NetherlandsAMSTERDAM 52322210242.4545.951.991.000.99
BelgiumBRUSSELS 75734016344.9147.941.830.850.98
JapanFUKUOKA 2915951.7260.001.260.440.82
UKLSE 114336.3675.
MexicoBMV 2661154643.2340.002.371.770.60
SpainIBEX 71527611238.6040.581.971.430.54
USFOREX 62241238.7150.000.750.210.54
ThailandSET 62133.3350.000.500.000.50
ItalyBORSA 147550.0071.430.860.430.43
FrancePARIS 147550.0071.430.860.430.43
SingaporeSGX 83137.5033.330.330.000.33
Austria WIENERBORSE 136446.1566.670.830.500.33
BelgiumBRUSSELS 146442.8666.670.500.170.33
NetherlandsAMSTERDAM 146442.8666.670.500.170.33
MalaysiaBURSA 123225.0066.670.330.000.33
Greece ATHENS 197436.8457.140.710.430.29
BangladeshDSE 2814750.0050.000.640.360.29
USWARRANTS 1770034.460.
RussiaMICEX 7640043.
RussiaMICEX 2000.
Poland GPW 2000.
TurkeyBIST 111100.00100.
South KoreaKOSDAQ 110100.
JapanTOKYO 32166.6750.000.500.500.00
IndiaNSE 110100.
UAEUAE 73042.860.
NorwayOSE 1000.
ArgentinaBUE 31133.33100.
AustraliaASX 72028.570.
DenmarkCOPENHAGEN 1000.
IndonesiaIDX 1000.
USPREFERRED 7823044.500.000.000.01-0.01
JordanASE 180863147.7836.051.171.46-0.29
SingaporeSGX 3051129745142.5134.771.631.93-0.30
ChinaSSE 123025.
SwitzerlandSIX 43075.
Vietnam HOSE 52040.
FOREXFOREX 31033.330.000.001.00-1.00
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


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.

Candlesticker.com is an independent and free website and all the Services provided by Americanbulls.com LLC at Candlesticker.com are completely free of charge. Americanbulls.com LLC does not receive compensation by any direct or indirect means from the visitors and users of this website (or of any other bulls.com© family websites), and from the stocks, securities and other institutions or any underwriters or dealers associated with the broader national or international forex, commodity and stock markets.

You agree that Candlesticker.com and Americanbulls.com LLC its parent company, subsidiaries, affiliates, officers and employees shall not be liable for any direct, indirect, incidental, special or consequential damages.