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 1/1/2020
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
PakistanKSE 82225.00100.003.500.003.50
OmanMSM 80251132.5042.314.150.853.31
IsraelTASE 84150.0025.004.251.253.00
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 31133.33100.001.000.001.00
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 58221137.9350.000.730.230.50
FrancePARIS 117563.6471.430.860.430.43
ItalyBORSA 117563.6471.430.860.430.43
NetherlandsAMSTERDAM 135338.4660.000.600.200.40
BelgiumBRUSSELS 135338.4660.000.600.200.40
SingaporeSGX 83137.5033.330.330.000.33
Austria WIENERBORSE 106460.0066.670.830.500.33
MalaysiaBURSA 123225.0066.670.330.000.33
Greece ATHENS 167443.7557.140.710.430.29
JapanFUKUOKA 271144.448.330.160.000.16
PortugalLISBON 1332232.334.650.120.000.12
BangladeshDSE 2412650.0050.000.500.420.08
NetherlandsAMSTERDAM 4461142.380.530.060.000.06
The World 162939120163040.950.940.060.020.04
UKLSE 64133237.380.080.020.000.02
IsraelTASE 5731137.000.470.010.000.01
EgyptEGX 14953235.850.370.020.010.01
GermanyXETRA 22681144.660.100.010.000.01
ItalyBORSA 16402245.060.270.010.000.01
ThailandSET 92675338.920.080.000.000.00
NorwayOSE 8491140.050.290.000.000.00
TurkeyBIST 24061141.400.100.000.000.00
TaiwanTWSE 71262244.890.060.000.000.00
AustraliaASX 116112241.830.040.000.000.00
ChinaSSE 44662142.480.050.000.000.00
TaiwanGTSM 48464140.880.050.000.000.00
MalaysiaBURSA 53760042.040.000.000.000.00
MexicoBMV 2690043.120.000.000.000.00
UAEUAE 3250040.000.000.000.000.00
Saudi ArabiaTADAWUL 10090044.600.000.000.000.00
QatarQE 1510044.370.000.000.000.00
JapanNAGOYA 1300046.150.000.000.000.00
UAEUAE 52040.000.000.000.000.00
JordanASE 1610048.450.000.000.000.00
South KoreaKOSDAQ 47000042.020.000.000.000.00
South KoreaKRX 47320041.780.000.000.000.00
South KoreaKOSDAQ 110100.000.000.000.000.00
JapanTOKYO 112121145.520.020.000.000.00
IndiaNSE 41370035.070.000.000.000.00
IndiaNSE 110100.000.000.000.000.00
JapanTOKYO 32166.6750.000.500.500.00
Poland GPW 1000.000.000.000.000.00
PakistanKSE 4800033.130.000.000.000.00
RussiaMICEX 8820043.990.000.000.000.00
RussiaMICEX 1000.000.000.000.000.00
NorwayOSE 1000.000.000.000.000.00
SwitzerlandSIX 13050047.890.000.000.000.00
SwitzerlandSIX 110100.000.000.000.000.00
CanadaTSX 49560041.360.000.000.000.00
CanadaCSE 14750035.460.000.000.000.00
CanadaTSX-V 42700037.890.000.000.000.00
BrazilBOVESPA 17230039.470.000.000.000.00
ArgentinaBUE 31133.33100.000.000.000.00
ArgentinaBUE 3490043.270.000.000.000.00
Austria WIENERBORSE 500038.000.000.000.000.00
BelgiumBRUSSELS 6340046.370.000.000.000.00
AustraliaASX 72028.570.000.000.000.00
IndonesiaIDX 1000.000.000.000.000.00
Hong KongHKEX 102790037.840.000.000.000.00
Greece ATHENS 4360039.680.000.000.000.00
FrancePARIS 29010039.260.000.000.000.00
SpainIBEX 5770037.260.000.000.000.00
DenmarkCOPENHAGEN 5480043.800.000.000.000.00
ChileBCS 1150046.960.000.000.000.00
ChinaSZSE 52150042.400.000.000.000.00
USWARRANTS 1770034.460.000.000.000.00
USOTC PINK 26110041.360.000.000.000.00
Vietnam HOSE 14540038.650.000.000.000.00
Vietnam HNX 6150036.750.000.000.000.00
PhilippinesPSE 12620032.960.000.000.000.00
SwedenSTOCKHOLM 22230041.790.000.000.000.00
TurkeyBIST 111100.00100.000.000.000.00
USNYSE 54360045.400.000.000.000.00
USNASDAQ 60371042.840.000.000.000.00
IndiaBSE 37861035.820.000.000.000.00
IndonesiaIDX 39712036.970.000.000.000.00
Poland GPW 21745139.190.120.000.000.00
KuwaitKSE 5036234.991.140.010.02-0.01
USPREFERRED 7823044.500.000.000.01-0.01
BangladeshDSE 32807436.590.330.000.01-0.01
SingaporeSGX 26804142.570.090.000.01-0.01
USAMEX 9512043.950.000.000.02-0.02
ChinaSSE 123025.000.000.000.33-0.33
Vietnam HOSE 42050.000.000.000.50-0.50
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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