BEARISH MEETING LINE
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.
BEARISH MEETING LINE
Definition
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.
Title
Pattern Performance in Stock Exchanges since 1/1/2014
Country
Stock Exchange
Website
Patterns
Total
Confirmed
Total
Profitable
Signals
Confirmation
%
Profitable
Signal%
Per Trade
Samples
Profit%
Loss%
Total Net%(Descending)
CanadaCSE 98788.8987.5014.001.0013.00
USOTCBB 75471.4380.008.200.607.60
USOTC PINK 1746126378672.4562.137.881.646.25
UAEUAE 84574467.8677.196.650.446.21
USWARRANTS 31211367.7461.906.381.385.00
OmanMSM 48402683.3365.005.180.854.33
Greece ATHENS 97684570.1066.184.880.884.00
CanadaTSX-V 2261508666.8156.955.692.043.65
Saudi ArabiaTADAWUL 43830418969.4162.174.370.813.56
ChinaSZSE 1632110267967.5261.624.541.013.52
South KoreaKOSDAQ 33362406161772.1267.214.501.003.50
USAMEX 64745329270.0264.464.350.863.49
ChinaSSE 111074445567.0361.164.501.083.42
JapanSAPPORO 96566.6783.333.670.333.33
USNASDAQ 37662569159768.3262.074.150.843.31
NorwayOSE 33223114569.5862.774.641.433.21
Hong KongHKEX 27071928112371.2258.254.431.253.19
ArgentinaBUE 1411056074.4757.144.181.292.90
IndiaBSE 53163913241773.6161.774.211.412.81
IsraelTASE 61243628071.2464.223.350.692.66
BrazilBOVESPA 49736421473.2458.793.460.852.60
DenmarkCOPENHAGEN 1781187666.2964.413.100.502.60
IndiaNSE 33202403148572.3861.803.831.252.58
SwedenSTOCKHOLM 79654732268.7258.873.370.812.56
TaiwanGTSM 1581117873774.5162.563.480.922.56
South KoreaKRX 25431788118370.3166.163.310.762.55
SpainIBEX 29619411565.5459.283.370.892.48
Austria WIENERBORSE 82533164.6358.493.130.662.47
The World 67171465882756769.3859.153.431.042.39
TurkeyBIST 57638521266.8455.063.210.842.37
JapanFUKUOKA 106560.0083.332.330.002.33
JordanASE 71482567.6152.083.351.062.29
EgyptEGX 52835220966.6759.383.731.452.28
IndonesiaIDX 52237320171.4653.893.271.022.25
UKLSE 36642446142166.7658.092.880.722.16
AustraliaASX 121783745968.7854.843.411.292.12
CanadaTSX 2118145682168.8956.272.790.831.96
TaiwanTWSE 2158149687769.3258.622.600.651.95
FrancePARIS 103472643870.3160.252.610.671.95
SingaporeSGX 53236017567.6748.612.881.031.85
MalaysiaBURSA 96466836069.2953.892.790.971.82
RussiaMICEX 2311609569.2659.383.311.541.76
JapanTOKYO 67014574256568.2656.082.690.941.75
USNYSE 54503626202066.5355.712.340.701.64
BelgiumBRUSSELS 1601105668.7550.912.210.651.56
ItalyBORSA 1669113458868.1251.722.360.841.53
GermanyXETRA 2118147480869.5954.822.140.681.46
SwitzerlandSIX 60039221965.3355.871.790.581.22
MexicoBMV 2191568171.2351.921.920.721.19
QatarQE 73503268.4964.001.960.881.08
NetherlandsAMSTERDAM 39225514065.0554.901.640.581.05
PortugalLISBON 40271367.5048.151.780.810.96
USPREFERRED 56337416866.4344.920.990.320.66
USAMEX 442100.0050.000.750.250.50
JapanNAGOYA 52401876.9245.001.651.200.45
Austria WIENERBORSE 110100.000.000.000.000.00
FOREXFOREX 110100.000.000.000.000.00
KuwaitKSE 140963868.5739.582.152.33-0.19
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
About Us
Support
Privacy
TOS
Important Links
English
Deutsch
中文
Français
Türkçe
Indonesia
Español
Italiano
 
 
 
 
 
 
 
 
 
 

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.

Candlesticker.com is an independent and free website and all the Services provided by Americanbulls.com LLC at Candlesticker.com are completely free of charge. Americanbulls.com LLC does not receive compensation by any direct or indirect means from the visitors and users of this website (or of any other bulls.com© family websites), and from the stocks, securities and other institutions or any underwriters or dealers associated with the broader national or international forex, commodity and stock markets.

You agree that Candlesticker.com and Americanbulls.com LLC its parent company, subsidiaries, affiliates, officers and employees shall not be liable for any direct, indirect, incidental, special or consequential damages.