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
FOREXFOREX 41125.00100.008.000.008.00
ChileBCS 83237.5066.676.331.005.33
ArgentinaBUE 2601096141.9255.966.421.335.09
NorwayOSE 79933016541.3050.005.351.513.84
TurkeyBIST 4221164785939.0252.164.781.083.70
IndiaBSE 3696136767736.9949.525.351.823.53
PakistanKSE 52240.00100.003.500.003.50
South KoreaKOSDAQ 47421970105641.5453.604.581.213.37
OmanMSM 79251031.6540.004.200.963.24
PhilippinesPSE 31133.33100.003.000.003.00
CanadaCSE 6342287535.9632.898.185.332.84
Hong KongHKEX 107014024176037.6043.744.451.662.79
USNASDAQ 63962701134342.2849.674.181.492.68
Greece ATHENS 3191155736.0549.574.261.702.56
South KoreaKRX 4906196199139.9750.543.430.902.53
Poland GPW 196869932135.5245.924.061.542.52
ItalyBORSA 133759227444.2846.283.500.992.51
JapanSAPPORO 72128.5750.003.000.502.50
BrazilBOVESPA 131854328741.2052.853.791.312.48
IndiaNSE 3962143068036.0947.555.172.712.45
USOTC PINK 3960158265140.7140.387.234.822.41
FrancePARIS 241194846139.3248.633.401.012.39
USAMEX 106845821942.8847.823.851.482.38
ChinaSSE 186574537139.9549.803.351.012.34
IndonesiaIDX 3583124256134.6645.173.581.242.34
ChinaSZSE 2479102249641.2348.533.531.212.32
Austria WIENERBORSE 151654143.0563.082.830.582.25
SwedenSTOCKHOLM 2541109052042.9047.713.551.402.15
IsraelTASE 47720610543.1950.973.411.302.12
Saudi ArabiaTADAWUL 43620111846.1058.712.900.782.11
UKLSE 54392128110939.1252.113.080.992.08
CanadaTSX 5250224699342.7844.213.481.432.05
The World 150485613482865640.7946.683.451.442.01
EgyptEGX 95037316939.2645.313.701.731.97
RussiaMICEX 64526111740.4744.833.121.161.96
BangladeshDSE 3615138361038.2644.113.171.301.88
TaiwanGTSM 4892192293739.2948.752.660.911.74
JapanTOKYO 113605229260146.0349.742.650.951.70
AustraliaASX 74213172133742.7442.153.692.011.68
USNYSE 58172693143046.3053.102.320.701.62
GermanyXETRA 164574936845.5349.132.390.911.48
Vietnam HOSE 174167131038.5446.202.691.211.47
PhilippinesPSE 130742417832.4441.982.791.351.44
JapanFUKUOKA 2710537.0450.002.100.701.40
TaiwanTWSE 74053215156843.4248.772.150.781.37
JapanNAGOYA 127552543.3145.452.020.691.33
SpainIBEX 4651888340.4344.152.751.441.31
DenmarkCOPENHAGEN 4932249245.4441.072.541.271.26
MalaysiaBURSA 5266203687338.6642.882.701.481.22
Vietnam HNX 79930813238.5542.863.041.821.21
NetherlandsAMSTERDAM 3961567639.3948.722.120.961.15
SwitzerlandSIX 105551423448.7245.531.840.781.05
QatarQE 163653039.8846.151.780.741.05
TaiwanGTSM 21150.00100.001.000.001.00
GermanyXETRA 32266.67100.001.000.001.00
FrancePARIS 53360.00100.001.000.001.00
SpainIBEX 11119.09100.001.000.001.00
Greece ATHENS 42250.00100.001.000.001.00
CanadaTSX 111100.00100.001.000.001.00
Austria WIENERBORSE 42250.00100.001.000.001.00
PortugalLISBON 81112.50100.001.000.001.00
ItalyBORSA 53360.00100.001.000.001.00
UAEUAE 3191265039.5039.682.141.200.94
CanadaTSX-V 2715106538339.2335.964.643.720.92
PakistanKSE 4651756737.6338.292.751.940.81
ThailandSET 85033231121838.0037.702.371.580.78
BelgiumBRUSSELS 4081818744.3648.071.520.780.74
MexicoBMV 214933743.4639.782.011.340.67
KuwaitKSE 4431656437.2538.792.241.580.65
PortugalLISBON 130461635.3834.782.041.460.59
SingaporeSGX 62133.3350.000.500.000.50
ThailandSET 42150.0050.000.500.000.50
MalaysiaBURSA 82125.0050.000.500.000.50
JordanASE 2771364949.1036.031.981.530.45
USPREFERRED 68933115148.0445.620.790.390.40
SingaporeSGX 2803115539341.2134.031.981.600.38
BelgiumBRUSSELS 93233.3366.670.670.330.33
NetherlandsAMSTERDAM 93233.3366.670.670.330.33
USFOREX 3314742.4250.000.500.210.29
JapanTOKYO 1000.000.000.000.000.00
UAEUAE 41025.000.000.000.000.00
Poland GPW 1000.000.000.000.000.00
IndiaNSE 110100.000.000.000.000.00
IsraelTASE 3000.000.000.000.000.00
ChinaSSE 4000.000.000.000.000.00
SwitzerlandSIX 110100.000.000.000.000.00
ArgentinaBUE 31133.33100.000.000.000.00
AustraliaASX 72028.570.000.000.000.00
Vietnam HOSE 21050.000.000.000.000.00
USWARRANTS 4000.000.000.000.000.00
UKLSE 63250.0066.670.330.330.00
BangladeshDSE 166337.5050.000.170.67-0.50
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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