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 1/1/2018
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
IndiaBSE 3762137171036.4451.796.971.615.36
NorwayOSE 84736318142.8649.866.711.415.29
Poland GPW 238191943238.6446.966.191.444.75
TurkeyBIST 3484138976339.8754.935.691.034.65
IndiaNSE 4404158681736.0451.486.802.164.64
ArgentinaBUE 3271438244.9555.785.611.124.48
CanadaCSE 99937214337.3438.348.344.284.05
USNASDAQ 63722776143543.7751.455.141.473.67
PakistanKSE 82225.00100.003.500.003.50
USOTC PINK 4316180074142.0140.878.585.083.50
EgyptEGX 98139420640.1652.285.081.593.49
IndonesiaIDX 3813140565636.8546.694.691.203.48
South KoreaKOSDAQ 52802226123042.1655.264.471.113.37
OmanMSM 80251132.5042.314.150.853.31
ItalyBORSA 153868833844.7349.134.160.933.23
BrazilBOVESPA 138658530542.5751.694.261.133.13
SwedenSTOCKHOLM 2642112453742.5847.734.411.353.06
PakistanKSE 4601798438.9146.934.581.602.97
CanadaTSX 50712214104043.7446.894.231.342.89
Greece ATHENS 3881567940.2150.644.021.162.86
USAMEX 103345021343.5647.334.231.422.81
Austria WIENERBORSE 45211346.6761.903.811.052.76
IsraelTASE 55022412040.9153.333.841.112.73
The World 164751683083294441.5048.183.981.402.58
FrancePARIS 2705106352739.3049.583.510.972.53
UKLSE 60422350126038.9653.533.500.982.52
QatarQE 179773843.0249.353.260.742.52
Vietnam HOSE 162362832738.6952.073.541.032.51
JapanSAPPORO 72128.5750.003.000.502.50
ChinaSZSE 3813164586143.1452.343.571.082.49
CanadaTSX-V 3513144155141.0238.245.863.382.48
Hong KongHKEX 116144438192138.2143.294.051.602.45
AustraliaASX 96954156181242.9643.514.442.012.43
South KoreaKRX 55102205116540.0252.833.230.822.41
TaiwanGTSM 53242201112141.3450.933.180.842.34
BangladeshDSE 3727142565438.2345.893.541.232.32
ChinaSSE 3181131971241.4653.983.120.842.28
Saudi ArabiaTADAWUL 57326615246.4257.142.920.672.26
RussiaMICEX 87135315640.8743.823.261.032.22
UAEUAE 3421316138.3046.563.201.012.19
USWARRANTS 52221242.3154.556.184.142.05
JapanTOKYO 114205297267146.3850.422.940.902.03
USNYSE 53522553138847.7254.352.710.702.01
PhilippinesPSE 62233.33100.002.000.002.00
MalaysiaBURSA 63262544109240.2142.923.381.471.90
GermanyXETRA 204593847045.8750.112.891.001.89
ChileBCS 50261252.0046.152.881.001.88
TaiwanTWSE 79383480175443.8450.402.600.751.85
Vietnam HNX 76530214139.4846.693.591.771.82
MexicoBMV 2771174642.2439.323.341.541.80
DenmarkCOPENHAGEN 51924210746.6344.212.901.121.79
KuwaitKSE 3941447136.5549.313.191.461.74
SwitzerlandSIX 125761528948.9346.992.250.721.53
ThailandSET 95973725149938.8140.243.051.541.51
FOREXFOREX 3320960.6145.003.101.701.40
PhilippinesPSE 134246420334.5843.752.671.281.39
PortugalLISBON 133441833.0840.912.141.021.11
JapanNAGOYA 140653246.4349.231.740.711.03
BelgiumBRUSSELS 55324912045.0348.191.810.801.00
TaiwanGTSM 21150.00100.001.000.001.00
PortugalLISBON 132215.38100.001.000.001.00
SwedenSTOCKHOLM 111100.00100.001.000.001.00
GermanyXETRA 43375.00100.001.000.001.00
SpainIBEX 172211.76100.001.000.001.00
CanadaTSX 21150.00100.001.000.001.00
NetherlandsAMSTERDAM 4231738640.9049.711.870.880.99
USPREFERRED 66831116746.5653.701.330.410.93
UKLSE 84350.0075.001.000.250.75
SpainIBEX 4922008640.6543.002.091.360.73
USFOREX 41201048.7850.000.750.200.55
BelgiumBRUSSELS 114336.3675.000.750.250.50
NetherlandsAMSTERDAM 114336.3675.000.750.250.50
SingaporeSGX 72128.5750.000.500.000.50
ThailandSET 52140.0050.000.500.000.50
JordanASE 204973747.5538.141.861.430.42
FrancePARIS 95455.5680.000.800.400.40
ItalyBORSA 95455.5680.000.800.400.40
MalaysiaBURSA 93233.3366.670.330.000.33
Austria WIENERBORSE 84350.0075.000.750.500.25
Greece ATHENS 105350.0060.000.600.400.20
SingaporeSGX 2815118243941.9937.141.891.850.04
UAEUAE 41025.000.000.000.000.00
IndiaNSE 110100.000.000.000.000.00
JapanTOKYO 32166.6750.000.500.500.00
Poland GPW 1000.000.000.000.000.00
NorwayOSE 1000.000.000.000.000.00
SwitzerlandSIX 110100.000.000.000.000.00
AustraliaASX 72028.570.000.000.000.00
BangladeshDSE 2210445.4540.000.500.500.00
ArgentinaBUE 31133.33100.000.000.000.00
IndonesiaIDX 1000.000.000.000.000.00
JapanFUKUOKA 2714551.8535.711.071.43-0.36
Vietnam HOSE 32066.670.000.000.50-0.50
ChinaSSE 71014.290.000.001.00-1.00
IsraelTASE 41025.000.000.001.00-1.00
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.

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