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
USWARRANTS 187338.8942.8612.866.866.00
NorwayOSE 77332216441.6650.937.021.495.53
ArgentinaBUE 2901277843.7961.426.211.005.21
Poland GPW 222684440837.9248.346.581.455.13
CanadaCSE 80730012037.4239.749.324.225.11
IndiaBSE 3478125063935.9451.126.711.655.05
TurkeyBIST 3367134374839.8955.706.001.005.00
IndiaNSE 4102147675235.9850.956.711.964.75
Austria WIENERBORSE 27151155.5673.335.000.474.53
USOTC PINK 4046167470441.3742.059.144.944.19
USNASDAQ 59602608135743.8151.975.121.473.65
IndonesiaIDX 3488127759636.6146.674.841.193.64
BrazilBOVESPA 124852828242.3153.414.681.143.54
PakistanKSE 72228.57100.003.500.003.50
South KoreaKOSDAQ 48742015110841.3854.934.531.133.39
OmanMSM 80251132.5042.314.150.853.31
EgyptEGX 87934817439.5950.004.991.683.30
ItalyBORSA 139861530343.9949.274.020.933.08
PhilippinesPSE 41125.00100.003.000.003.00
SwedenSTOCKHOLM 2523106751942.5748.324.191.272.92
CanadaTSX 4819211097543.7946.214.221.342.88
Greece ATHENS 3491427140.6950.003.991.152.85
ChileBCS 3417950.0052.943.821.002.82
FrancePARIS 247396847939.1449.483.680.942.74
The World 152397629433035441.3248.204.001.392.61
CanadaTSX-V 3090129649841.9438.436.033.422.61
PakistanKSE 4271707839.8145.884.241.652.59
Hong KongHKEX 109294193182638.3743.554.201.612.59
AustraliaASX 85983680162342.8044.104.602.012.58
UKLSE 54632111112938.7953.283.560.992.57
ChinaSZSE 3503150679042.9952.463.611.072.54
IsraelTASE 50320510540.7651.223.761.232.53
QatarQE 175763743.4348.683.260.752.51
JapanSAPPORO 72128.5750.003.000.502.50
USAMEX 95841519243.3246.273.931.452.48
Vietnam HOSE 158260130837.9951.253.511.062.45
FOREXFOREX 83237.5066.674.001.672.33
ChinaSSE 2881118464241.1054.223.120.842.28
South KoreaKRX 50932015104939.5852.033.110.842.27
Saudi ArabiaTADAWUL 52224013745.9857.082.910.682.24
UAEUAE 3201245638.7545.163.241.022.23
TaiwanGTSM 49342018101540.9050.303.010.842.17
RussiaMICEX 79533214741.7644.283.211.062.15
JapanTOKYO 104354826247946.2551.373.030.892.14
BangladeshDSE 3539134060537.8645.153.361.242.13
USNYSE 51932476134847.6854.442.790.702.09
GermanyXETRA 190486443545.4850.232.870.971.91
MalaysiaBURSA 5687225496439.6342.773.341.451.90
TaiwanTWSE 73673204161543.4950.412.540.731.81
DenmarkCOPENHAGEN 48523110147.6343.722.941.181.77
SwitzerlandSIX 112355125649.0746.462.240.701.53
PhilippinesPSE 122242119134.4545.372.751.231.52
Vietnam HNX 70228312640.3144.523.231.821.41
NetherlandsAMSTERDAM 3911598140.6650.942.140.841.31
ThailandSET 89853483135338.7638.852.781.601.18
BelgiumBRUSSELS 50923211545.5849.571.950.771.18
PortugalLISBON 124431834.6841.862.191.051.14
JapanNAGOYA 124562545.1644.641.840.791.05
SwedenSTOCKHOLM 111100.00100.001.000.001.00
TaiwanGTSM 21150.00100.001.000.001.00
PortugalLISBON 132215.38100.001.000.001.00
Austria WIENERBORSE 73342.86100.001.000.001.00
CanadaTSX 21150.00100.001.000.001.00
Greece ATHENS 83337.50100.001.000.001.00
GermanyXETRA 43375.00100.001.000.001.00
FrancePARIS 84450.00100.001.000.001.00
SpainIBEX 172211.76100.001.000.001.00
ItalyBORSA 84450.00100.001.000.001.00
MexicoBMV 2531054241.5040.002.451.520.92
USPREFERRED 68431516646.0552.701.300.400.90
SpainIBEX 4431807840.6343.332.161.380.78
UKLSE 84350.0075.001.000.250.75
KuwaitKSE 3381215335.8043.802.211.520.69
USFOREX 40191047.5052.630.790.210.58
BelgiumBRUSSELS 114336.3675.000.750.250.50
MalaysiaBURSA 82125.0050.000.500.000.50
NetherlandsAMSTERDAM 114336.3675.000.750.250.50
ThailandSET 52140.0050.000.500.000.50
SingaporeSGX 62133.3350.000.500.000.50
JordanASE 192953649.4837.891.841.440.40
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
Poland GPW 1000.000.000.000.000.00
NorwayOSE 1000.000.000.000.000.00
UAEUAE 41025.000.000.000.000.00
IndiaNSE 110100.000.000.000.000.00
JapanTOKYO 1000.000.000.000.000.00
SingaporeSGX 2593108139141.6936.171.861.90-0.05
JapanFUKUOKA 2612446.1533.331.081.33-0.25
Vietnam HOSE 32066.670.000.000.50-0.50
ChinaSSE 51020.000.000.001.00-1.00
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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