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 1/1/2021
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
FOREXFOREX 62133.3350.0018.500.5018.00
TurkeyBIST 212693057443.8461.597.321.036.29
EgyptEGX 205474843136.4257.626.421.225.21
IndiaBSE 4409156277935.4549.846.731.655.08
IndiaNSE 4603167589536.5053.276.681.764.92
PakistanKSE 60822011536.1852.275.961.514.44
Poland GPW 241096445540.0047.205.561.504.06
USNASDAQ 70052950147542.1649.955.401.673.73
USAMEX 121553126343.7049.534.741.213.52
ArgentinaBUE 97472348.4548.944.861.463.40
ItalyBORSA 206190345343.8150.174.391.023.36
OmanMSM 80251132.5042.314.150.853.31
IndonesiaIDX 5052184678936.5442.744.441.323.12
CanadaTSX-V 4647176075737.8743.016.173.093.08
IsraelTASE 70726314137.2053.614.471.403.07
KuwaitKSE 70823912833.7653.563.940.913.04
CanadaCSE 153854221035.2438.756.833.823.01
NorwayOSE 97339018540.0847.444.471.463.01
IsraelTASE 105250.0040.004.001.003.00
Vietnam HOSE 186677544341.5357.163.880.892.99
South KoreaKOSDAQ 52722229116342.3252.134.021.212.82
Vietnam HNX 83234016440.8748.244.291.552.74
TaiwanGTSM 59562537135842.6853.423.520.852.67
SwedenSTOCKHOLM 2575110151742.7646.964.211.552.66
BrazilBOVESPA 216487342240.3448.343.911.262.65
BangladeshDSE 3120112753436.1247.383.951.332.62
Austria WIENERBORSE 2941246442.1851.613.480.932.56
ChileBCS 164784347.5655.133.480.932.55
JapanSAPPORO 72128.5750.003.000.502.50
USOTC PINK 3791153961742.5238.286.484.002.47
Hong KongHKEX 113194304181738.0242.224.171.762.41
UKLSE 73402755139837.5350.743.541.152.40
The World 189504776053718641.4047.403.801.412.39
ChinaSZSE 60992590136442.4752.663.371.002.37
Greece ATHENS 54721311138.9452.113.471.192.28
South KoreaKRX 53602267120942.2953.333.190.932.25
Saudi ArabiaTADAWUL 126955732043.8957.452.790.552.23
CanadaTSX 54962301108341.9846.943.711.492.22
UAEUAE 5151929137.2847.403.030.842.18
QatarQE 188853745.2143.533.000.832.17
TaiwanTWSE 87954022212745.7352.882.880.762.12
ChinaSSE 55812411128543.2053.302.950.842.11
PhilippinesPSE 145849821134.1642.373.281.232.05
JapanNAGOYA 161732945.3439.733.000.962.04
PakistanKSE 93233.3366.672.330.332.00
JapanTOKYO 131866175298846.8348.392.730.931.80
USNYSE 63672954158146.4053.522.550.751.79
AustraliaASX 132635505231141.5141.984.052.311.74
FrancePARIS 3293128660539.3046.752.951.241.72
GermanyXETRA 2600117257845.0849.322.681.001.68
ThailandSET 114394406177638.5240.312.831.421.41
PortugalLISBON 149462732.2156.251.910.591.32
MalaysiaBURSA 61502648111943.0642.263.492.191.29
JapanFUKUOKA 3115948.3960.001.620.431.19
DenmarkCOPENHAGEN 61828911446.7639.452.371.191.17
BelgiumBRUSSELS 76033415843.9547.311.960.851.12
TaiwanGTSM 21150.00100.001.000.001.00
PortugalLISBON 152213.33100.001.000.001.00
SwedenSTOCKHOLM 111100.00100.001.000.001.00
PhilippinesPSE 94244.4450.001.000.001.00
IndonesiaIDX 21150.00100.001.000.001.00
GermanyXETRA 43375.00100.001.000.001.00
SpainIBEX 192210.53100.001.000.001.00
CanadaTSX 31133.33100.001.000.001.00
SwitzerlandSIX 162379334948.8644.011.660.740.91
NetherlandsAMSTERDAM 52522810543.4346.051.650.870.79
UKLSE 114336.3675.001.000.250.75
USFOREX 70251335.7152.000.880.200.68
MexicoBMV 2831184641.7038.982.381.700.68
ThailandSET 62133.3350.000.500.000.50
FrancePARIS 147550.0071.430.860.430.43
ItalyBORSA 147550.0071.430.860.430.43
SpainIBEX 75128911138.4838.411.851.430.42
MalaysiaBURSA 123225.0066.670.330.000.33
NetherlandsAMSTERDAM 146442.8666.670.500.170.33
BelgiumBRUSSELS 146442.8666.670.500.170.33
Austria WIENERBORSE 136446.1566.670.830.500.33
Greece ATHENS 207435.0057.140.710.430.29
BangladeshDSE 2814750.0050.000.640.360.29
SingaporeSGX 104140.0025.000.250.000.25
South KoreaKOSDAQ 110100.000.000.000.000.00
IndiaNSE 110100.000.000.000.000.00
JapanTOKYO 42150.0050.000.500.500.00
MexicoBMV 1000.000.000.000.000.00
NorwayOSE 1000.000.000.000.000.00
ArgentinaBUE 31133.33100.000.000.000.00
AustraliaASX 72028.570.000.000.000.00
DenmarkCOPENHAGEN 1000.000.000.000.000.00
USWARRANTS 1770034.460.000.000.000.00
Poland GPW 2000.000.000.000.000.00
RussiaMICEX 7640043.190.000.000.000.00
RussiaMICEX 2000.000.000.000.000.00
TurkeyBIST 111100.00100.000.000.000.00
USPREFERRED 7823044.500.000.000.01-0.01
SingaporeSGX 3025132946843.9335.211.701.75-0.05
JordanASE 167843150.3036.901.221.39-0.16
UAEUAE 104040.000.000.000.25-0.25
ChinaSSE 123025.000.000.000.33-0.33
SwitzerlandSIX 53060.000.000.000.33-0.33
Vietnam HOSE 52040.000.000.000.50-0.50
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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