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 1/1/2017
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
ArgentinaBUE 3001327944.0059.856.731.175.56
Poland GPW 236186641136.6847.466.081.454.63
Austria WIENERBORSE 25151160.0073.335.000.474.53
NorwayOSE 89437018741.3950.545.821.474.35
IndiaBSE 4059151576037.4250.035.991.734.26
TurkeyBIST 4306168690139.1553.445.281.054.23
USWARRANTS 156240.0033.3310.176.004.17
IndiaNSE 4423162680836.8349.606.152.173.98
CanadaCSE 7062568236.2632.038.544.893.65
South KoreaKOSDAQ 52712214120242.0054.294.741.183.56
ChileBCS 2813846.4361.544.230.693.54
PakistanKSE 62233.33100.003.500.003.50
OmanMSM 80251132.5042.314.150.853.31
USNASDAQ 67862922148943.0750.944.651.453.20
Greece ATHENS 3571397338.9452.524.701.553.15
PhilippinesPSE 41125.00100.003.000.003.00
Hong KongHKEX 119514555200238.1343.934.551.642.91
South KoreaKRX 53782165113040.3152.123.720.862.85
EgyptEGX 104241620139.9248.324.401.612.79
USOTC PINK 4646183574840.5539.707.424.652.76
IndonesiaIDX 3942140264735.5746.153.971.222.75
SwedenSTOCKHOLM 2824122059043.2448.324.091.352.74
USAMEX 113949023843.0248.574.141.412.74
BrazilBOVESPA 147960132040.6453.243.931.272.66
QatarQE 192804141.6751.253.340.692.65
ChinaSZSE 3059131768043.0551.633.751.152.60
ChinaSSE 2396102454342.7453.033.440.932.51
FrancePARIS 2746106752339.0448.793.490.982.50
JapanSAPPORO 72128.5750.003.000.502.50
CanadaTSX 55802411110443.2145.793.801.372.44
AustraliaASX 87773742165442.7444.094.392.002.40
Saudi ArabiaTADAWUL 51924114446.4459.753.080.712.37
The World 168166692703309341.2547.713.771.412.37
IsraelTASE 53823112242.9452.813.641.282.36
UKLSE 61842399127638.9752.953.320.962.36
BangladeshDSE 3820146866038.4344.963.291.272.01
TaiwanGTSM 54992169107539.4449.562.860.891.97
Vietnam HOSE 193075436139.0747.883.121.181.94
RussiaMICEX 74330313540.7844.552.991.091.90
JapanTOKYO 127305871295746.1250.372.820.931.89
USNYSE 61742910157747.1554.172.570.691.88
GermanyXETRA 198090346445.6151.382.720.891.83
TaiwanTWSE 82573621182743.8550.462.450.761.70
ItalyBORSA 152466532143.9047.982.580.951.63
PakistanKSE 5181958137.6441.543.431.811.63
CanadaTSX-V 3055125447741.0538.045.163.551.61
MalaysiaBURSA 62142469106639.7343.183.081.491.59
PhilippinesPSE 145848320433.1342.242.911.331.58
FOREXFOREX 62133.3350.004.002.501.50
UAEUAE 3561456240.7342.762.631.171.46
SwitzerlandSIX 120259128049.1747.382.170.741.43
Vietnam HNX 83233214839.9044.583.141.721.43
SpainIBEX 5202089340.0044.712.781.361.42
DenmarkCOPENHAGEN 56025910946.2542.082.561.191.38
JapanNAGOYA 133612945.8647.542.070.701.36
ThailandSET 96013699143438.5538.752.691.571.12
BelgiumBRUSSELS 50422711145.0448.901.810.741.06
SwedenSTOCKHOLM 111100.00100.001.000.001.00
PortugalLISBON 122216.67100.001.000.001.00
TaiwanGTSM 21150.00100.001.000.001.00
ItalyBORSA 74457.14100.001.000.001.00
JapanFUKUOKA 2812542.8641.671.750.751.00
Greece ATHENS 73342.86100.001.000.001.00
FrancePARIS 74457.14100.001.000.001.00
GermanyXETRA 43375.00100.001.000.001.00
SpainIBEX 162212.50100.001.000.001.00
Austria WIENERBORSE 63350.00100.001.000.001.00
CanadaTSX 111100.00100.001.000.001.00
NetherlandsAMSTERDAM 4321728339.8148.261.880.910.98
PortugalLISBON 147511934.6937.252.291.370.92
KuwaitKSE 4861857138.0738.382.381.590.79
USPREFERRED 78539119349.8149.361.170.390.79
UKLSE 84350.0075.001.000.250.75
USFOREX 38171044.7458.820.880.180.71
MexicoBMV 2631134542.9739.822.141.500.64
SingaporeSGX 62133.3350.000.500.000.50
ThailandSET 42150.0050.000.500.000.50
BelgiumBRUSSELS 114336.3675.000.750.250.50
NetherlandsAMSTERDAM 114336.3675.000.750.250.50
MalaysiaBURSA 82125.0050.000.500.000.50
JordanASE 2701314748.5235.881.761.500.26
SingaporeSGX 3140129845741.3435.212.121.920.19
IndonesiaIDX 1000.000.000.000.000.00
AustraliaASX 72028.570.000.000.000.00
BangladeshDSE 2210445.4540.000.500.500.00
ArgentinaBUE 31133.33100.000.000.000.00
SwitzerlandSIX 110100.000.000.000.000.00
UAEUAE 41025.000.000.000.000.00
Poland GPW 1000.000.000.000.000.00
NorwayOSE 1000.000.000.000.000.00
IndiaNSE 110100.000.000.000.000.00
JapanTOKYO 1000.000.000.000.000.00
Vietnam HOSE 32066.670.000.000.50-0.50
IsraelTASE 41025.000.000.001.00-1.00
ChinaSSE 51020.000.000.001.00-1.00
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

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.

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.