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
IndiaBSE 3863141671536.7150.427.061.625.44
IndiaNSE 4361155581235.6652.227.091.865.22
TurkeyBIST 3105125771440.4856.805.801.024.78
Poland GPW 235288541937.6347.345.931.424.51
ArgentinaBUE 3641638744.7853.375.091.263.83
PakistanKSE 4611728537.3149.425.231.483.74
USWARRANTS 140452032.1444.447.603.933.67
PakistanKSE 82225.00100.003.500.003.50
USNASDAQ 65542800142142.8050.664.981.543.44
SwedenSTOCKHOLM 2545103250240.6348.554.781.363.42
Vietnam HOSE 158560832438.4253.204.280.893.39
South KoreaKOSDAQ 53292227123841.7955.594.431.063.37
OmanMSM 80251132.5042.314.150.853.31
IndonesiaIDX 4008149870737.3847.204.451.213.24
USOTC PINK 4133170969341.9339.997.904.793.11
EgyptEGX 124245923836.9651.854.711.623.09
UAEUAE 3041145537.5048.253.680.892.79
ItalyBORSA 175778536644.6846.623.720.962.76
NorwayOSE 85435016540.9847.144.131.402.73
CanadaCSE 142249318034.6736.517.104.442.66
Saudi ArabiaTADAWUL 86737722843.7160.163.130.512.62
Greece ATHENS 4421779140.0551.413.731.172.56
TaiwanGTSM 54982290121941.6553.233.320.772.55
QatarQE 166703342.1747.143.290.762.53
JapanSAPPORO 72128.5750.003.000.502.50
ChinaSZSE 53252171116540.7753.663.420.932.48
ChinaSSE 4346178498941.0555.443.240.762.48
The World 175879718733454540.9148.013.851.392.46
CanadaTSX 55782336108041.8846.233.801.372.43
IsraelTASE 58523211939.6651.293.681.252.43
South KoreaKRX 53862150114440.0553.043.220.842.39
FrancePARIS 2976115656338.8448.703.300.952.35
UKLSE 66472538130638.1851.463.331.042.29
AustraliaASX 112084744204342.3443.064.462.192.27
KuwaitKSE 4361568235.7852.563.471.222.26
Hong KongHKEX 117704476189338.0342.293.881.692.20
RussiaMICEX 82033214240.7342.513.231.042.19
ChileBCS 89462351.6950.003.371.242.13
BangladeshDSE 3882140764536.2445.843.371.242.13
CanadaTSX-V 4264166763339.4937.595.483.362.12
BrazilBOVESPA 170365732538.6449.393.351.282.07
USAMEX 105945320142.7844.373.441.432.02
PhilippinesPSE 62233.33100.002.000.002.00
JapanTOKYO 122945597284545.5350.832.820.861.96
GermanyXETRA 2337106051245.3648.302.921.011.92
TaiwanTWSE 82223605185643.8551.482.650.741.91
Austria WIENERBORSE 54241444.4458.333.421.581.83
MalaysiaBURSA 65432623114040.1843.363.501.701.80
MexicoBMV 2901234742.4138.213.471.671.80
USNYSE 56882628137746.2652.342.530.731.80
Vietnam HNX 69327812740.1245.683.551.791.77
ThailandSET 98533817154338.7440.423.021.331.69
PortugalLISBON 137492335.7746.942.270.841.43
DenmarkCOPENHAGEN 58625711143.8643.192.441.071.37
SwitzerlandSIX 138466329747.9044.802.020.761.26
BelgiumBRUSSELS 65229714845.5549.831.920.691.23
FOREXFOREX 80411951.2546.343.051.901.15
TaiwanGTSM 21150.00100.001.000.001.00
PortugalLISBON 132215.38100.001.000.001.00
SwedenSTOCKHOLM 111100.00100.001.000.001.00
CanadaTSX 21150.00100.001.000.001.00
SpainIBEX 172211.76100.001.000.001.00
GermanyXETRA 43375.00100.001.000.001.00
NetherlandsAMSTERDAM 4701939541.0649.221.810.840.97
PhilippinesPSE 138445318332.7340.402.201.240.96
SpainIBEX 5512068837.3942.722.121.230.89
UKLSE 94344.4475.001.000.250.75
JapanNAGOYA 142643245.0750.001.410.720.69
JordanASE 196913446.4337.361.921.330.59
SingaporeSGX 72128.5750.000.500.000.50
ThailandSET 62133.3350.000.500.000.50
USFOREX 45221148.8950.000.730.230.50
BelgiumBRUSSELS 114336.3675.000.750.250.50
NetherlandsAMSTERDAM 114336.3675.000.750.250.50
ItalyBORSA 95455.5680.000.800.400.40
FrancePARIS 95455.5680.000.800.400.40
USPREFERRED 71332015344.8847.810.880.510.38
MalaysiaBURSA 103230.0066.670.330.000.33
Austria WIENERBORSE 84350.0075.000.750.500.25
Greece ATHENS 115345.4560.000.600.400.20
JapanFUKUOKA 3015650.0040.001.000.870.13
Poland GPW 1000.000.000.000.000.00
SwitzerlandSIX 110100.000.000.000.000.00
AustraliaASX 72028.570.000.000.000.00
BangladeshDSE 2311547.8345.450.450.450.00
ArgentinaBUE 31133.33100.000.000.000.00
IndonesiaIDX 1000.000.000.000.000.00
UAEUAE 52040.000.000.000.000.00
NorwayOSE 1000.000.000.000.000.00
IndiaNSE 110100.000.000.000.000.00
South KoreaKOSDAQ 110100.000.000.000.000.00
JapanTOKYO 32166.6750.000.500.500.00
SingaporeSGX 2991126747042.3637.101.841.92-0.08
ChinaSSE 102020.000.000.000.50-0.50
Vietnam HOSE 32066.670.000.000.50-0.50
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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