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
USWARRANTS 114236.3650.0016.003.5012.50
ArgentinaBUE 2891257543.2560.006.941.185.76
Poland GPW 224381538936.3447.736.221.454.77
Austria WIENERBORSE 23141160.8778.574.710.434.29
TurkeyBIST 4307168889539.1953.025.221.054.17
IndiaBSE 3884145273437.3850.555.841.764.09
NorwayOSE 86335417841.0250.285.691.614.08
IndiaNSE 4190153675936.6649.416.072.213.86
South KoreaKOSDAQ 50952144116942.0854.524.681.173.51
ChileBCS 2310543.4850.004.400.903.50
PakistanKSE 62233.33100.003.500.003.50
CanadaCSE 6752438136.0033.338.344.853.49
OmanMSM 80261132.5042.314.150.923.23
Greece ATHENS 3481357038.7951.854.761.593.16
PhilippinesPSE 31133.33100.003.000.003.00
USNASDAQ 67422892146242.9050.554.441.462.98
Hong KongHKEX 115784379191437.8243.714.531.652.88
SwedenSTOCKHOLM 2715117757343.3548.684.181.332.85
South KoreaKRX 51472069106140.2051.283.700.882.81
ItalyBORSA 147264831244.0248.153.770.962.81
QatarQE 182743740.6650.003.430.692.74
USOTC PINK 4466175672440.4640.077.344.652.69
BrazilBOVESPA 143757930640.2952.853.951.292.66
ChinaSZSE 2851122462542.9351.063.841.182.65
EgyptEGX 101141019740.5548.054.281.632.65
IndonesiaIDX 3844136762635.5645.793.831.232.61
USAMEX 111547723242.7848.644.021.432.59
ChinaSSE 219292948842.3852.533.540.972.57
JapanSAPPORO 72128.5750.003.000.502.50
CanadaTSX 55492390109643.0745.863.811.372.44
FrancePARIS 2624102449839.0248.633.431.002.43
Saudi ArabiaTADAWUL 49222713646.1459.913.070.712.35
The World 162126666273167841.1347.513.741.412.33
AustraliaASX 82793542154742.7843.684.241.992.25
UKLSE 59202306120738.9752.323.140.992.16
IsraelTASE 52622311442.4051.123.431.362.07
Vietnam HOSE 186172834939.1247.943.161.201.97
RussiaMICEX 69528712841.2944.603.041.091.95
TaiwanGTSM 53022093103239.4849.312.840.891.95
BangladeshDSE 3661140262238.3044.373.221.301.93
JapanTOKYO 123005678286746.1650.492.850.931.92
USNYSE 60452845154147.0654.172.510.701.81
GermanyXETRA 189586343345.5450.172.630.901.73
PakistanKSE 4881867738.1141.403.511.811.70
MalaysiaBURSA 59072315100639.1943.463.071.471.60
TaiwanTWSE 79653459171843.4349.672.360.771.60
CanadaTSX-V 2909117144340.2537.835.143.591.55
PhilippinesPSE 142847119632.9841.612.881.361.52
Vietnam HNX 82432014538.8345.313.201.691.51
FOREXFOREX 62133.3350.004.002.501.50
SwitzerlandSIX 116057126649.2246.582.130.731.40
JapanNAGOYA 132582743.9446.552.100.721.38
SpainIBEX 4901998740.6143.722.661.341.33
ThailandSET 92683567138138.4938.722.671.571.10
JapanFUKUOKA 2912541.3841.671.750.671.08
DenmarkCOPENHAGEN 5272429745.9240.082.301.221.07
UAEUAE 3441385540.1239.862.231.181.05
PortugalLISBON 122216.67100.001.000.001.00
TaiwanGTSM 21150.00100.001.000.001.00
CanadaTSX 111100.00100.001.000.001.00
Austria WIENERBORSE 63350.00100.001.000.001.00
Greece ATHENS 73342.86100.001.000.001.00
FrancePARIS 74457.14100.001.000.001.00
GermanyXETRA 43375.00100.001.000.001.00
SpainIBEX 162212.50100.001.000.001.00
ItalyBORSA 74457.14100.001.000.001.00
MexicoBMV 2501074542.8042.062.261.340.93
BelgiumBRUSSELS 47621710545.5948.391.680.770.91
NetherlandsAMSTERDAM 4211647938.9548.171.820.990.83
UKLSE 84350.0075.001.000.250.75
PortugalLISBON 140491835.0036.732.101.370.73
USPREFERRED 79239418449.7546.701.170.440.73
KuwaitKSE 4761746536.5537.362.381.750.63
BelgiumBRUSSELS 114336.3675.000.750.250.50
MalaysiaBURSA 82125.0050.000.500.000.50
NetherlandsAMSTERDAM 114336.3675.000.750.250.50
SingaporeSGX 62133.3350.000.500.000.50
ThailandSET 42150.0050.000.500.000.50
USFOREX 3615841.6753.330.600.200.40
JordanASE 2771364849.1035.291.851.510.33
SingaporeSGX 3051126244141.3634.942.111.940.18
IndonesiaIDX 1000.000.000.000.000.00
AustraliaASX 72028.570.000.000.000.00
BangladeshDSE 219442.8644.440.560.560.00
ArgentinaBUE 31133.33100.000.000.000.00
SwitzerlandSIX 110100.000.000.000.000.00
Poland GPW 1000.000.000.000.000.00
UAEUAE 41025.000.000.000.000.00
IndiaNSE 110100.000.000.000.000.00
IsraelTASE 3000.000.000.000.000.00
JapanTOKYO 1000.000.000.000.000.00
Vietnam HOSE 32066.670.000.000.000.00
ChinaSSE 51020.000.000.001.00-1.00
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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