How to identify

1.   A downtrend is under way 2.   The first day is a long black day, and has a body that is lower than the previous trend 3.   The second day is a long white day, and has a body that is also lower than the previous trend 4.   The close of each day is the same or extremely close to the same 5.   Both days should be long days but second day doesn't always have to be as long as day one

The Meeting Lines bull is somewhat similar in concept to the Piercing Line bull, with the difference being the amount the second day rebounds. The market has been in a downtrend when a long black day forms, which further perpetuates the trend. The next day opens with a gap down, then rallies throughout the day to close at the same close as the previous day. This fact shows how traders use price benchmarks. The odds are very good that a reversal has taken place. If the third day opens higher, confirmation has been given.

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