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 selling decisions.
This pattern occurs during an uptrend. The first day’s white candlestick is followed by a black candlestick that opens sharply higher and closes at the same level as the prior session’s close. It is similar to the Dark Cloud Cover pattern. However, the amount the second day drops is different. The Dark Cloud Cover’s second day closes below the midpoint of the first day’s body, while the second day the Bearish Meeting Line closes the same as the first day. Consequently, the Dark Cloud Cover is a more significant top reversal. Nonetheless, the Bearish Meeting Line should also be respected.
Recognition Criteria
1. The market is characterized by a prevailing uptrend.
2. On the first day a white candlestick is observed.
3. Then, we see a black candlestick on the second day.
4. The closing prices are the same or almost the same on both days.
Pattern Requirements and Flexibility
The Bearish Meeting Line consists of two candlesticks, first a white candlestick then a black candlestick, both not short. The closing prices of both days should be the same or very close.
Trader’s Behavior
The occurrence of this pattern reflects a stalemate between bulls and bears. The market is in an uptrend when a strong white candlestick is formed, which further supports the trend. The next day opens sharply higher causing the bulls to feel more confident. Then the bears start a counterattack pushing prices down and leading to a close equal to (or very close to) the previous close. The uptrend is now breached.
Sell/Stop Loss Levels
The confirmation level is defined as the last close. Prices should cross below this level for confirmation.

The stop loss level is defined as the last high. Following the bearish signal, if prices go up instead of going down, and close or make two consecutive daily highs above the stop loss level, while no bullish pattern is detected, then the stop loss is triggered.
Pattern Performance in Stock Exchanges since 1/1/2014
Stock Exchange
Per Trade
Total Net%(Descending)
CanadaCSE 119981.82100.0017.670.0017.67
USOTCBB 111100.00100.0011.000.0011.00
UAEUAE 61372960.6678.386.920.656.27
USOTC PINK 1788128579571.9261.827.751.726.03
USWARRANTS 33251575.7660.
OmanMSM 35301985.7163.335.370.704.67
CanadaTSX-V 2451649566.9457.935.801.674.13
Greece ATHENS 94653869.1558.465.031.173.86
ChinaSZSE 1628110868868.0662.094.731.033.69
Saudi ArabiaTADAWUL 36024616668.3367.484.460.823.63
South KoreaKOSDAQ 29872156145272.2167.324.510.993.51
USAMEX 63144028169.7363.864.270.803.47
JapanSAPPORO 96566.6783.333.670.333.33
Hong KongHKEX 26791932116572.1260.304.451.183.27
ArgentinaBUE 136955169.8553.684.391.143.25
BrazilBOVESPA 50337023073.5662.163.960.773.19
USNASDAQ 39672734168468.9261.594.030.863.18
ChinaSSE 105371443867.8161.344.191.113.08
NorwayOSE 33922713666.9659.914.471.473.00
IndiaNSE 30572238144673.2764.554.031.082.94
Poland GPW 50737122173.1859.573.860.982.88
DenmarkCOPENHAGEN 1821208065.9366.673.270.402.87
PakistanKSE 62444728571.6363.763.710.872.85
IndiaBSE 49473695228774.6961.894.201.362.84
Austria WIENERBORSE 82473157.3265.963.470.662.81
SwedenSTOCKHOLM 81055633668.6460.433.540.782.75
IsraelTASE 60842727770.2364.873.250.622.64
PhilippinesPSE 23917210571.9761.053.290.782.51
TaiwanGTSM 1611119374774.0562.623.410.912.50
South KoreaKRX 23461657108370.6365.363.230.782.45
IndonesiaIDX 54640022073.2655.003.340.892.44
The World 69888485662872969.5059.143.411.032.39
JordanASE 69472968.1261.703.360.982.38
EgyptEGX 55537921668.2956.993.801.492.32
RussiaMICEX 2101438368.1058.043.361.052.31
CanadaTSX 1995135977968.1257.323.010.772.23
UKLSE 36722429137266.1556.482.900.762.14
BangladeshDSE 46234021573.5963.
FrancePARIS 106274044769.6860.412.630.562.07
AustraliaASX 116181244169.9454.313.401.352.05
TurkeyBIST 63442324166.7256.972.920.892.04
TaiwanTWSE 2084142483268.3358.432.670.662.02
SpainIBEX 27419111769.7161.262.991.011.99
MalaysiaBURSA 94864434367.9353.262.921.021.91
SingaporeSGX 50834517367.9150.142.951.071.88
ThailandSET 129790544369.7848.952.821.071.75
Vietnam HNX 2111557773.4649.683.461.721.74
JapanFUKUOKA 137553.8571.431.710.001.71
JapanTOKYO 69184707260668.0455.362.660.971.68
USNYSE 54643662207667.0456.672.380.701.68
PortugalLISBON 45342075.5658.822.180.501.68
Vietnam HOSE 57641823672.5756.462.651.001.66
ItalyBORSA 1632109757667.2252.512.390.831.56
ChileBCS 109690.0066.671.670.221.44
GermanyXETRA 2004139375969.5654.452.100.691.41
MexicoBMV 2241639072.7755.212.080.721.36
QatarQE 56382567.8665.792.110.871.24
BelgiumBRUSSELS 1531014966.0148.512.160.961.20
SwitzerlandSIX 60337620962.3555.591.740.571.17
NetherlandsAMSTERDAM 39126414867.5256.061.720.561.15
JapanNAGOYA 52401876.9245.001.630.830.80
USPREFERRED 55436316565.5245.450.890.310.58
AustraliaASX 43175.0033.330.330.330.00
BangladeshDSE 21150.00100.
South KoreaKOSDAQ 1000.
UAEUAE 42050.
MexicoBMV 1000.
MalaysiaBURSA 110100.
NorwayOSE 110100.
ThailandSET 1000.
TaiwanGTSM 111100.00100.
PhilippinesPSE 21050.
UKLSE 111100.00100.
USFOREX 65183.3320.
Vietnam HOSE 21150.00100.
PeruBVL 97177.7814.290.000.29-0.29
KuwaitKSE 113712862.8339.442.142.45-0.31
IndonesiaIDX 221100.0050.000.501.00-0.50
ChinaSSE 42150.0050.000.501.00-0.50
SingaporeSGX 220100.
PakistanKSE 21050.
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© family websites
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