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 1/1/2019
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
IsraelTASE 52140.0050.008.500.508.00
PakistanKSE 82225.00100.003.500.003.50
OmanMSM 80251132.5042.314.150.853.31
JapanSAPPORO 72128.5750.003.000.502.50
PhilippinesPSE 62233.33100.002.000.002.00
TaiwanGTSM 21150.00100.001.000.001.00
SwedenSTOCKHOLM 111100.00100.001.000.001.00
PortugalLISBON 132215.38100.001.000.001.00
CanadaTSX 21150.00100.001.000.001.00
SpainIBEX 172211.76100.001.000.001.00
GermanyXETRA 43375.00100.001.000.001.00
UKLSE 114336.3675.001.000.250.75
ThailandSET 62133.3350.000.500.000.50
USFOREX 52221142.3150.000.730.230.50
BelgiumBRUSSELS 134330.7775.000.750.250.50
NetherlandsAMSTERDAM 134330.7775.000.750.250.50
ItalyBORSA 95455.5680.000.800.400.40
FrancePARIS 95455.5680.000.800.400.40
SingaporeSGX 83137.5033.330.330.000.33
MalaysiaBURSA 103230.0066.670.330.000.33
PortugalLISBON 1433335.665.880.260.000.26
Austria WIENERBORSE 84350.0075.000.750.500.25
Greece ATHENS 115345.4560.000.600.400.20
JapanFUKUOKA 321146.886.670.130.000.13
NetherlandsAMSTERDAM 4941141.090.490.060.000.06
The World 187377119462740.860.820.050.020.04
EgyptEGX 14774336.150.560.040.010.03
UKLSE 70543237.770.080.020.000.02
JapanNAGOYA 1511145.031.470.010.000.01
ItalyBORSA 18193344.640.370.010.000.01
IsraelTASE 6261139.460.400.010.000.01
TaiwanTWSE 87135444.080.100.010.000.01
ThailandSET 105015338.880.070.000.000.00
NorwayOSE 9231141.500.260.000.000.00
AustraliaASX 121353342.060.060.000.000.00
TurkeyBIST 32441140.750.080.000.000.00
ChinaSSE 45832141.370.050.000.000.00
USWARRANTS 1710035.670.000.000.000.00
USOTC PINK 47190041.430.000.000.000.00
Vietnam HOSE 17030038.520.000.000.000.00
Vietnam HNX 7490039.390.000.000.000.00
USNYSE 60020046.050.000.000.000.00
PhilippinesPSE 14710033.310.000.000.000.00
SingaporeSGX 31590042.550.000.000.000.00
MexicoBMV 2880042.710.000.000.000.00
UAEUAE 3380038.460.000.000.000.00
Saudi ArabiaTADAWUL 9530043.340.000.000.000.00
QatarQE 1860040.320.000.000.000.00
UAEUAE 52040.000.000.000.000.00
JordanASE 2070046.860.000.000.000.00
South KoreaKOSDAQ 57340041.680.000.000.000.00
South KoreaKRX 58020040.070.000.000.000.00
South KoreaKOSDAQ 110100.000.000.000.000.00
JapanTOKYO 131650045.770.000.000.000.00
IndiaNSE 46500035.780.000.000.000.00
IndiaNSE 110100.000.000.000.000.00
JapanTOKYO 32166.6750.000.500.500.00
Poland GPW 1000.000.000.000.000.00
PakistanKSE 5040037.300.000.000.000.00
RussiaMICEX 9030041.640.000.000.000.00
RussiaMICEX 1000.000.000.000.000.00
NorwayOSE 1000.000.000.000.000.00
SwitzerlandSIX 14740047.420.000.000.000.00
SwitzerlandSIX 110100.000.000.000.000.00
CanadaTSX 59140041.650.000.000.000.00
CanadaCSE 14800035.200.000.000.000.00
CanadaTSX-V 45510038.410.000.000.000.00
BrazilBOVESPA 18980038.620.000.000.000.00
ArgentinaBUE 31133.33100.000.000.000.00
ArgentinaBUE 3850045.190.000.000.000.00
Austria WIENERBORSE 550043.640.000.000.000.00
BelgiumBRUSSELS 6730046.360.000.000.000.00
BangladeshDSE 2311547.8345.450.450.450.00
AustraliaASX 72028.570.000.000.000.00
IndonesiaIDX 1000.000.000.000.000.00
Hong KongHKEX 122240037.660.000.000.000.00
Greece ATHENS 4850040.000.000.000.000.00
FrancePARIS 31590039.090.000.000.000.00
GermanyXETRA 25000045.360.000.000.000.00
SpainIBEX 6190037.480.000.000.000.00
ChileBCS 1000049.000.000.000.000.00
ChinaSZSE 56420041.260.000.000.000.00
TaiwanGTSM 58026141.590.040.000.000.00
USNASDAQ 69751042.720.000.000.000.00
MalaysiaBURSA 68742140.270.040.000.000.00
IndonesiaIDX 42962037.430.000.000.000.00
IndiaBSE 42011036.590.000.000.000.00
Poland GPW 24956138.080.110.000.000.00
SwedenSTOCKHOLM 27101040.480.000.000.000.00
DenmarkCOPENHAGEN 6281043.950.000.000.000.00
KuwaitKSE 4833134.370.600.000.01-0.01
BangladeshDSE 40978436.050.270.010.01-0.01
USPREFERRED 7673044.460.000.000.01-0.01
USAMEX 11132043.400.000.000.01-0.01
ChinaSSE 102020.000.000.000.50-0.50
Vietnam HOSE 32066.670.000.000.50-0.50
FOREXFOREX 31033.330.000.001.00-1.00
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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