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 1/1/2017
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
ChileBCS 136546.1583.337.330.506.83
ArgentinaBUE 2771166741.8857.766.791.255.54
Poland GPW 211076936836.4547.855.891.434.46
TurkeyBIST 4329169990739.2553.385.131.054.09
NorwayOSE 83234617241.5949.715.651.594.06
IndiaBSE 3754139870437.2450.365.811.764.05
IndiaNSE 4022146871936.5048.986.042.263.78
CanadaCSE 6562337835.5233.488.665.143.52
PakistanKSE 52240.00100.003.500.003.50
South KoreaKOSDAQ 48742037108741.9253.214.491.193.29
OmanMSM 81261132.1042.314.150.923.23
Greece ATHENS 3441316838.0851.914.831.663.18
USNASDAQ 65312788141242.6950.654.541.473.07
PhilippinesPSE 31133.33100.003.000.003.00
Hong KongHKEX 111674229184337.8943.564.471.652.82
SwedenSTOCKHOLM 2634115155543.7048.224.041.342.70
ItalyBORSA 139061929344.5347.333.660.972.69
BrazilBOVESPA 135355129640.7253.723.931.302.64
IndonesiaIDX 3712129758434.9445.033.801.232.56
South KoreaKRX 50882033102739.9650.523.430.892.54
JapanSAPPORO 72128.5750.003.000.502.50
FrancePARIS 2538100348739.5248.553.411.012.40
EgyptEGX 99139818940.1647.494.071.672.39
USAMEX 109146522042.6247.313.871.482.39
ChinaSSE 203483743041.1551.373.370.992.38
USOTC PINK 3991160866541.1240.527.204.832.37
ChinaSZSE 2692113256542.0549.913.551.192.36
Saudi ArabiaTADAWUL 46821812946.5859.173.010.732.28
The World 155542638723022241.1047.283.661.412.25
CanadaTSX 54042331104543.1344.833.641.422.22
UKLSE 56312193115039.0052.373.160.992.17
QatarQE 178713339.8946.482.890.722.17
Austria WIENERBORSE 166714542.7763.382.730.582.15
IsraelTASE 50521911043.3750.233.471.372.10
AustraliaASX 77103311142742.9443.104.022.002.01
JapanTOKYO 117935431273446.0550.342.870.931.94
TaiwanGTSM 5055200599139.6649.432.800.891.91
RussiaMICEX 67627612440.8344.933.051.161.90
BangladeshDSE 3615137460738.2843.863.161.291.87
Vietnam HOSE 180270833439.2947.183.061.201.87
USNYSE 59092758148546.6753.842.510.711.80
GermanyXETRA 175680740045.9649.572.630.901.72
TaiwanTWSE 76353338165443.7249.552.280.771.51
PhilippinesPSE 138345618932.9741.452.881.371.51
CanadaTSX-V 2760109841139.7837.435.113.611.51
FOREXFOREX 52140.0050.004.002.501.50
MalaysiaBURSA 5578219595539.3543.512.941.441.50
SpainIBEX 4771898739.6246.032.861.411.45
JapanFUKUOKA 2410541.6750.002.100.701.40
JapanNAGOYA 127562644.0946.432.050.681.38
Vietnam HNX 81932013939.0743.443.091.801.29
SwitzerlandSIX 110353924848.8746.012.010.771.24
DenmarkCOPENHAGEN 5012339546.5140.772.441.231.21
UAEUAE 3321325439.7640.912.281.171.11
ThailandSET 88403409132638.5738.892.671.571.10
CanadaTSX 111100.00100.001.000.001.00
Austria WIENERBORSE 42250.00100.001.000.001.00
Greece ATHENS 42250.00100.001.000.001.00
FrancePARIS 53360.00100.001.000.001.00
GermanyXETRA 32266.67100.001.000.001.00
SpainIBEX 12118.33100.001.000.001.00
ItalyBORSA 53360.00100.001.000.001.00
MexicoBMV 2331014343.3542.572.371.371.00
PortugalLISBON 91111.11100.001.000.001.00
TaiwanGTSM 21150.00100.001.000.001.00
NetherlandsAMSTERDAM 4141607838.6548.751.950.960.99
PakistanKSE 4541726537.8937.792.761.900.86
BelgiumBRUSSELS 4421989344.8046.971.590.800.79
PortugalLISBON 134481835.8237.502.151.400.75
USPREFERRED 69834015848.7146.471.090.400.69
SingaporeSGX 2840118441641.6935.142.111.570.53
MalaysiaBURSA 82125.0050.000.500.000.50
SingaporeSGX 62133.3350.000.500.000.50
ThailandSET 42150.0050.000.500.000.50
KuwaitKSE 4651706336.5637.062.211.780.44
JordanASE 2761344748.5535.071.851.510.34
BelgiumBRUSSELS 93233.3366.670.670.330.33
NetherlandsAMSTERDAM 93233.3366.670.670.330.33
USFOREX 3414741.1850.000.500.210.29
BangladeshDSE 197436.8457.140.710.570.14
Vietnam HOSE 21050.000.000.000.000.00
UKLSE 63250.0066.670.330.330.00
IndiaNSE 110100.000.000.000.000.00
JapanTOKYO 1000.000.000.000.000.00
UAEUAE 41025.000.000.000.000.00
Poland GPW 1000.000.000.000.000.00
ChinaSSE 4000.000.000.000.000.00
IndonesiaIDX 1000.000.000.000.000.00
IsraelTASE 3000.000.000.000.000.00
SwitzerlandSIX 110100.000.000.000.000.00
ArgentinaBUE 31133.33100.000.000.000.00
AustraliaASX 72028.570.000.000.000.00
USWARRANTS 41025.000.000.004.00-4.00
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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