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 88301434.0946.678.533.305.23
IndiaBSE 3944145674836.9451.346.691.595.10
NorwayOSE 84736418142.9849.736.511.455.05
IndiaNSE 4501160883535.7751.866.731.705.03
Poland GPW 246196444839.2146.426.011.444.56
TurkeyBIST 3611144178639.9654.475.581.044.54
ArgentinaBUE 3531589045.0456.605.461.174.29
IndonesiaIDX 3966147070837.0748.165.011.173.84
USNASDAQ 66882938151544.0051.485.111.483.63
PakistanKSE 82225.00100.003.500.003.50
EgyptEGX 107141721538.9451.565.031.573.46
South KoreaKOSDAQ 55462325129241.9955.474.481.103.39
CanadaCSE 108940314937.0136.977.844.473.37
OmanMSM 80251132.5042.314.150.853.31
USOTC PINK 4687193278341.9039.878.455.233.21
SwedenSTOCKHOLM 2705114654642.4047.604.491.353.14
Greece ATHENS 4091658441.0850.004.141.073.07
ItalyBORSA 161773135745.2148.843.910.922.99
BrazilBOVESPA 152063432341.7150.954.131.212.93
CanadaTSX 52662301107743.7346.774.251.332.91
PakistanKSE 4811888939.0947.344.471.562.91
IsraelTASE 57923512240.5951.913.901.132.77
Austria WIENERBORSE 48211343.7561.903.811.052.76
USAMEX 109047022543.1247.874.151.412.74
Vietnam HOSE 167166034939.5052.883.700.962.74
The World 172774717533461541.5748.193.961.402.56
JapanSAPPORO 72128.5750.003.000.502.50
QatarQE 184783842.3948.723.220.732.49
ChinaSZSE 3997170789442.7152.373.561.082.48
ChileBCS 58281448.2850.003.390.932.46
UKLSE 64242495133038.9253.203.440.982.46
FrancePARIS 2865114056439.7949.473.410.962.45
South KoreaKRX 57302310123040.3153.253.230.822.41
Hong KongHKEX 120914656201938.5143.363.981.592.39
AustraliaASX 103904491194743.2243.354.432.052.37
CanadaTSX-V 3736153158840.9838.415.773.412.36
TaiwanGTSM 55772302117941.2851.223.170.852.33
RussiaMICEX 90937116841.3644.683.321.002.32
BangladeshDSE 3929147867637.6245.743.541.222.32
ChinaSSE 3341139275441.6654.173.140.832.30
Saudi ArabiaTADAWUL 62827916044.4357.352.870.662.21
UAEUAE 3621466540.3344.523.080.982.10
JapanTOKYO 119595565281246.5350.532.930.892.04
PhilippinesPSE 62233.33100.002.000.002.00
USNYSE 56072686145847.9054.282.680.701.98
MalaysiaBURSA 66062658114140.2442.933.411.541.87
KuwaitKSE 4151517636.3950.333.251.381.87
GermanyXETRA 217899949645.9649.552.891.041.85
Vietnam HNX 77931014339.7946.133.601.751.85
TaiwanTWSE 83043647184943.9250.702.570.741.83
ThailandSET 100093908160539.0441.073.091.431.65
DenmarkCOPENHAGEN 55325811246.6543.412.771.171.60
MexicoBMV 2991265142.1440.483.121.571.55
SwitzerlandSIX 134165030548.5546.852.190.711.48
PhilippinesPSE 137046820034.1642.742.611.321.29
USPREFERRED 67531517046.6753.971.610.411.20
FOREXFOREX 39241161.5445.832.751.671.08
JapanNAGOYA 146653244.5249.231.770.711.06
BelgiumBRUSSELS 58526412745.1348.111.810.781.03
SwedenSTOCKHOLM 111100.00100.001.000.001.00
PortugalLISBON 132215.38100.001.000.001.00
TaiwanGTSM 21150.00100.001.000.001.00
GermanyXETRA 43375.00100.001.000.001.00
SpainIBEX 172211.76100.001.000.001.00
CanadaTSX 21150.00100.001.000.001.00
PortugalLISBON 132421831.8242.861.900.930.98
NetherlandsAMSTERDAM 4541778840.7547.571.790.830.96
UKLSE 84350.0075.001.000.250.75
SpainIBEX 5122068940.2343.202.101.360.74
USFOREX 42201047.6250.000.750.200.55
BelgiumBRUSSELS 114336.3675.000.750.250.50
NetherlandsAMSTERDAM 114336.3675.000.750.250.50
SingaporeSGX 72128.5750.000.500.000.50
ThailandSET 52140.0050.000.500.000.50
ItalyBORSA 95455.5680.000.800.400.40
FrancePARIS 95455.5680.000.800.400.40
MalaysiaBURSA 93233.3366.670.330.000.33
JordanASE 2121013747.6436.631.781.500.29
Austria WIENERBORSE 84350.0075.000.750.500.25
Greece ATHENS 115345.4560.000.600.400.20
Poland GPW 1000.000.000.000.000.00
NorwayOSE 1000.000.000.000.000.00
IndiaNSE 110100.000.000.000.000.00
JapanFUKUOKA 3017756.6741.181.181.180.00
JapanTOKYO 32166.6750.000.500.500.00
UAEUAE 41025.000.000.000.000.00
SwitzerlandSIX 110100.000.000.000.000.00
AustraliaASX 72028.570.000.000.000.00
BangladeshDSE 2210445.4540.000.500.500.00
ArgentinaBUE 31133.33100.000.000.000.00
IndonesiaIDX 1000.000.000.000.000.00
SingaporeSGX 2974125747142.2737.471.851.88-0.04
Vietnam HOSE 32066.670.000.000.50-0.50
ChinaSSE 71014.290.000.001.00-1.00
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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