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
PakistanKSE 82225.00100.003.500.003.50
OmanMSM 80251132.5042.314.150.853.31
IsraelTASE 84150.0025.
JapanSAPPORO 72128.5750.003.000.502.50
PhilippinesPSE 62233.33100.
TaiwanGTSM 21150.00100.
SwedenSTOCKHOLM 111100.00100.
PortugalLISBON 142214.29100.
CanadaTSX 31133.33100.
SpainIBEX 182211.11100.
GermanyXETRA 43375.00100.
UKLSE 114336.3675.
ThailandSET 62133.3350.000.500.000.50
USFOREX 60221136.6750.000.730.230.50
FrancePARIS 127558.3371.430.860.430.43
ItalyBORSA 127558.3371.430.860.430.43
NetherlandsAMSTERDAM 135338.4660.000.600.200.40
BelgiumBRUSSELS 135338.4660.000.600.200.40
SingaporeSGX 83137.5033.330.330.000.33
Austria WIENERBORSE 116454.5566.670.830.500.33
MalaysiaBURSA 123225.0066.670.330.000.33
Greece ATHENS 177441.1857.140.710.430.29
JapanFUKUOKA 271148.157.690.150.000.15
PortugalLISBON 1412234.
BangladeshDSE 2412650.0050.000.500.420.08
NetherlandsAMSTERDAM 4881143.440.470.050.000.05
The World 173801120263140.910.890.060.020.04
Austria WIENERBORSE 2541140.940.960.020.000.02
UKLSE 68564337.
IsraelTASE 6211137.360.430.010.000.01
GermanyXETRA 24231144.450.
EgyptEGX 16973236.240.330.010.010.01
ItalyBORSA 17672244.880.
ThailandSET 99896338.480.
NorwayOSE 8921140.360.
TurkeyBIST 24721140.980.
AustraliaASX 123522241.410.
TaiwanTWSE 75783245.
ChinaSSE 48662142.700.
TaiwanGTSM 51614141.
MalaysiaBURSA 57230042.
MexicoBMV 2820042.550.
UAEUAE 3720038.710.
Saudi ArabiaTADAWUL 10760045.
QatarQE 1610044.
JapanNAGOYA 1390047.480.
UAEUAE 73042.860.
JordanASE 1710047.370.
South KoreaKOSDAQ 48960042.
South KoreaKRX 49960041.930.
South KoreaKOSDAQ 110100.
JapanTOKYO 119751145.900.
IndiaNSE 44820034.940.
IndiaNSE 110100.
JapanTOKYO 32166.6750.000.500.500.00
Poland GPW 2000.
PakistanKSE 5200034.420.
RussiaMICEX 9300043.760.
RussiaMICEX 1000.
NorwayOSE 1000.
SwitzerlandSIX 13940048.
SwitzerlandSIX 110100.
CanadaTSX 52100041.
CanadaCSE 15500035.
CanadaTSX-V 44340037.390.
BrazilBOVESPA 18890039.540.
ArgentinaBUE 31133.33100.
ArgentinaBUE 3710045.
BelgiumBRUSSELS 6890045.860.
AustraliaASX 72028.570.
IndonesiaIDX 1000.
Hong KongHKEX 107910037.630.
Greece ATHENS 4570040.
FrancePARIS 30760039.400.
SpainIBEX 6380037.770.
DenmarkCOPENHAGEN 5720043.710.
ChileBCS 1230047.
ChinaSZSE 56730041.940.
USWARRANTS 1770034.460.
USOTC PINK 29660041.
Vietnam HOSE 16210039.850.
Vietnam HNX 6790038.880.
PhilippinesPSE 13650033.700.
SwedenSTOCKHOLM 23640041.790.
TurkeyBIST 111100.00100.
USNYSE 57580045.
USNASDAQ 64341042.660.
Poland GPW 22801039.340.
IndiaBSE 40611035.560.
IndonesiaIDX 43352037.
KuwaitKSE 5436233.521.100.010.02-0.01
USPREFERRED 7823044.500.000.000.01-0.01
BangladeshDSE 32737436.450.340.000.01-0.01
SingaporeSGX 28704142.
USAMEX 10472043.360.000.000.02-0.02
ChinaSSE 123025.
Vietnam HOSE 42050.
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


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