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 1/1/2015
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
USWARRANTS 127558.3371.4360.431.5758.86
CanadaCSE 172632636.6341.2712.903.529.38
USOTC PINK 216590442141.7646.5710.453.347.11
NorwayOSE 51421711042.2250.697.411.376.04
OmanMSM 4714729.7950.006.570.715.86
ArgentinaBUE 122593448.3657.636.580.855.73
IndiaBSE 245095855739.1058.146.601.275.33
IndiaNSE 243791849737.6754.146.401.325.07
Greece ATHENS 173623335.8453.236.561.694.87
South KoreaKOSDAQ 2921122573741.9460.165.400.864.54
ChileBCS 111100.00100.004.000.004.00
Hong KongHKEX 62452400116238.4348.425.201.403.80
South KoreaKRX 2840112865139.7257.714.370.633.75
JapanFUKUOKA 132115.3850.004.000.503.50
ChinaSZSE 63528116844.2559.794.420.953.47
USNASDAQ 42401777102741.9357.764.491.053.44
EgyptEGX 52721110840.0451.184.511.163.35
TurkeyBIST 2632103252239.2150.584.120.943.18
ChinaSSE 48421512444.4257.673.880.713.17
USAMEX 77733818043.6353.104.381.223.17
Saudi ArabiaTADAWUL 168714742.2666.204.131.013.11
IsraelTASE 2581176245.3552.993.940.883.06
PhilippinesPSE 31133.33100.003.000.003.00
BrazilBOVESPA 76431917042.0252.964.041.152.89
AustraliaASX 4214182186943.2147.724.461.592.87
UKLSE 2973119767640.3356.383.670.822.84
The World 87735366591866641.8050.903.931.152.78
CanadaTSX-V 165569726042.1137.305.833.052.78
FrancePARIS 116146623840.1451.073.821.062.76
RussiaMICEX 3571346637.5449.253.801.062.74
IndonesiaIDX 196569430235.3243.523.851.152.71
Austria WIENERBORSE 45221648.8972.732.770.232.55
JapanSAPPORO 72128.5750.003.000.502.50
CanadaTSX 3241144870744.7148.793.751.312.44
BangladeshDSE 181174034740.8646.893.411.112.29
TaiwanGTSM 2965114962738.7554.573.010.742.27
Poland GPW 116741220735.3050.243.331.192.14
SwedenSTOCKHOLM 157268535043.7050.953.281.162.12
PhilippinesPSE 70825311835.7346.643.431.312.12
USNYSE 36731722103646.8860.162.640.542.09
JapanNAGOYA 73331545.2145.452.420.362.06
QatarQE 90271630.0059.262.480.442.04
JapanTOKYO 70023323175447.4652.782.890.862.02
ItalyBORSA 65929715545.0752.192.280.591.69
SpainIBEX 3381467443.2050.683.011.361.66
PakistanKSE 2861064337.0640.572.991.341.65
TaiwanTWSE 43331884102643.4854.462.270.631.64
ThailandSET 4529183275140.4540.992.671.161.52
MalaysiaBURSA 3024121651240.2142.112.781.291.50
DenmarkCOPENHAGEN 3071466247.5642.472.551.161.40
PortugalLISBON 6925836.2332.002.801.441.36
SwitzerlandSIX 55826412947.4948.681.990.671.32
GermanyXETRA 73433618445.7854.761.880.701.18
Vietnam HOSE 104342418640.6543.872.471.341.13
UAEUAE 203853341.8738.822.341.271.07
TaiwanGTSM 111100.00100.001.000.001.00
SingaporeSGX 41125.00100.001.000.001.00
ThailandSET 31133.33100.001.000.001.00
MalaysiaBURSA 61116.67100.001.000.001.00
MexicoBMV 142593141.5552.541.850.851.00
SingaporeSGX 183878829542.8737.442.431.460.96
BelgiumBRUSSELS 136542339.7142.591.260.520.74
NetherlandsAMSTERDAM 157633140.1349.211.210.570.63
Vietnam HNX 6012188436.2738.532.762.190.57
USPREFERRED 41419710147.5851.270.790.260.53
USFOREX 2210545.4550.000.300.100.20
KuwaitKSE 3161303941.1430.002.232.080.15
Vietnam HOSE 21050.000.000.000.000.00
UKLSE 3000.000.000.000.000.00
Greece ATHENS 1000.000.000.000.000.00
IndiaNSE 110100.000.000.000.000.00
IsraelTASE 3000.000.000.000.000.00
FrancePARIS 1000.000.000.000.000.00
SpainIBEX 7000.000.000.000.000.00
ChinaSSE 1000.000.000.000.000.00
Austria WIENERBORSE 1000.000.000.000.000.00
ArgentinaBUE 21150.00100.000.000.000.00
FOREXFOREX 4000.000.000.000.000.00
AustraliaASX 51020.000.000.000.000.00
BangladeshDSE 2000.000.000.000.000.00
SwitzerlandSIX 110100.000.000.000.000.00
BelgiumBRUSSELS 2000.000.000.000.000.00
PortugalLISBON 5000.000.000.000.000.00
PakistanKSE 31133.33100.000.000.000.00
Poland GPW 1000.000.000.000.000.00
NetherlandsAMSTERDAM 2000.000.000.000.000.00
ItalyBORSA 1000.000.000.000.000.00
JordanASE 193882645.6029.551.671.670.00
UAEUAE 31033.330.000.000.000.00
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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