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 98788.8987.5014.001.0013.00
USOTCBB 64366.6775.008.500.757.75
UAEUAE 84564366.6776.796.660.456.21
USOTC PINK 1863134983372.4661.707.681.626.05
USWARRANTS 33231469.7060.876.831.355.48
CanadaTSX-V 2451649466.9457.325.681.973.71
OmanMSM 38342189.4761.764.350.653.71
Greece ATHENS 106754670.7561.334.450.893.56
USAMEX 66346429370.2962.884.330.843.49
ChinaSZSE 1715117071268.2260.854.521.043.48
Saudi ArabiaTADAWUL 45532220070.7762.114.260.793.48
ChinaSSE 116679048567.7561.394.501.073.43
South KoreaKOSDAQ 34802512167772.1866.764.441.013.43
JapanSAPPORO 96566.6783.333.670.333.33
USNASDAQ 39972733169968.4562.104.100.843.25
NorwayOSE 35424815670.0662.904.591.363.23
Hong KongHKEX 28422019119071.0458.944.411.223.19
BrazilBOVESPA 52938623372.9760.363.700.832.87
IsraelTASE 65446129970.4964.863.440.682.76
IndiaBSE 56464158255873.6561.524.161.412.75
ArgentinaBUE 1481116475.0057.664.021.272.75
DenmarkCOPENHAGEN 1861217865.0564.463.190.502.69
SwedenSTOCKHOLM 84758134568.6059.383.420.812.61
Austria WIENERBORSE 87553263.2258.183.200.642.56
TaiwanGTSM 1694126479574.6262.903.470.912.56
IndiaNSE 35352571158172.7361.493.771.222.55
JordanASE 77522867.5353.853.541.002.54
SpainIBEX 30720612467.1060.193.370.912.47
IndonesiaIDX 55740222072.1754.733.370.972.40
South KoreaKRX 27101887123169.8565.033.160.802.36
The World 70886491902904469.4259.033.391.032.36
JapanFUKUOKA 96566.6783.332.330.002.33
AustraliaASX 126487048468.8355.633.451.242.21
TurkeyBIST 60840823167.1156.623.070.882.20
UKLSE 39122592149066.3157.442.830.722.11
EgyptEGX 56438422168.0957.553.611.532.09
CanadaTSX 2186150785768.9456.872.800.802.00
TaiwanTWSE 2269158292969.7258.722.600.651.94
RussiaMICEX 24217010070.2558.823.391.511.88
FrancePARIS 107975245269.6960.112.550.671.88
MalaysiaBURSA 105072839069.3353.572.761.011.75
SingaporeSGX 54837618368.6148.672.801.061.74
JapanTOKYO 71354858270568.0955.682.650.971.68
USNYSE 57253827212766.8555.582.320.691.62
ItalyBORSA 1770119762867.6352.462.350.811.54
BelgiumBRUSSELS 1671156068.8652.172.150.631.52
GermanyXETRA 2238155384969.3954.672.100.691.42
MexicoBMV 2341709072.6552.942.090.711.38
SwitzerlandSIX 63040622764.4455.911.790.601.19
NetherlandsAMSTERDAM 41127115065.9455.351.690.561.12
QatarQE 75523369.3363.461.880.871.02
PortugalLISBON 45311568.8948.391.610.870.74
USPREFERRED 58938417665.2045.830.990.320.67
JapanNAGOYA 53391773.5843.591.691.230.46
Vietnam HOSE 21150.00100.
TaiwanGTSM 111100.00100.
ThailandSET 1000.
USFOREX 65183.3320.
UKLSE 111100.00100.
MexicoBMV 1000.
MalaysiaBURSA 110100.
PhilippinesPSE 21050.
NorwayOSE 110100.
BangladeshDSE 21150.00100.
AustraliaASX 43175.0033.330.330.330.00
UAEUAE 42050.
South KoreaKOSDAQ 1000.
KuwaitKSE 144983968.0639.802.072.32-0.24
PeruBVL 97177.7814.290.000.29-0.29
ChinaSSE 42150.0050.000.501.00-0.50
IndonesiaIDX 221100.0050.000.501.00-0.50
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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