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 98688.8975.0010.001.009.00
UAEUAE 81564369.1476.796.750.456.30
USOTC PINK 1692122776072.6461.847.871.686.20
USOTCBB 86475.0066.676.830.676.17
USWARRANTS 31211367.7461.906.381.385.00
Greece ATHENS 94664570.2168.185.030.894.14
OmanMSM 47392682.9866.675.000.874.13
CanadaTSX-V 2191448666.2159.315.811.774.05
ChinaSZSE 1615108467067.1261.814.601.033.57
Saudi ArabiaTADAWUL 43530318769.6661.724.350.823.52
South KoreaKOSDAQ 32732364158172.2366.884.461.023.44
ChinaSSE 110673844666.7360.434.471.093.38
JapanSAPPORO 96566.6783.333.670.333.33
USAMEX 63543928069.1363.784.190.903.29
USNASDAQ 36702493153567.9361.574.130.863.26
Hong KongHKEX 26371875109871.1058.564.461.263.20
NorwayOSE 32422413969.1462.054.401.472.93
IndiaBSE 51783818235373.7461.634.251.412.84
ArgentinaBUE 136995572.7955.564.141.352.79
IsraelTASE 59042027271.1964.763.390.672.71
DenmarkCOPENHAGEN 1741167566.6764.663.150.502.65
IndiaNSE 32472351145372.4161.803.861.242.61
EgyptEGX 50033520467.0060.903.841.252.59
TaiwanGTSM 1531114671274.8562.133.480.912.57
BrazilBOVESPA 48735720773.3157.983.410.872.54
SwedenSTOCKHOLM 78153531068.5057.943.340.812.53
SpainIBEX 29018911365.1759.793.400.892.51
South KoreaKRX 24901756115970.5266.003.310.802.51
TurkeyBIST 56437520766.4955.203.260.852.41
The World 65549454002680269.2759.023.431.052.39
JordanASE 70472567.1453.193.431.042.38
IndonesiaIDX 50536219771.6854.423.330.992.34
JapanFUKUOKA 106560.0083.332.330.002.33
Austria WIENERBORSE 81523064.2057.692.960.672.29
UKLSE 35742381137466.6257.712.870.732.14
AustraliaASX 118781745068.8355.083.351.282.07
TaiwanTWSE 2083144985469.5658.942.620.641.98
FrancePARIS 100570442570.0560.372.630.691.95
CanadaTSX 2068141980368.6256.592.780.841.94
SingaporeSGX 52135617268.3348.312.881.031.85
MalaysiaBURSA 93264735069.4254.102.800.951.85
JapanTOKYO 65454441246967.8555.602.700.951.75
RussiaMICEX 2241549168.7559.093.291.601.69
USNYSE 53133532196266.4855.552.350.711.64
BelgiumBRUSSELS 1561075568.5951.402.270.661.61
ItalyBORSA 1612109256467.9351.512.410.841.57
GermanyXETRA 2057141877568.9454.652.170.691.48
SwitzerlandSIX 58438021365.0756.051.870.571.31
MexicoBMV 2111497870.6252.351.980.701.28
PortugalLISBON 39261366.6750.001.850.771.08
NetherlandsAMSTERDAM 37523913063.7354.391.660.611.05
QatarQE 70482968.5760.421.730.920.81
USPREFERRED 54736316266.3644.630.950.330.62
JapanNAGOYA 49381877.5547.371.741.240.50
USAMEX 442100.0050.000.750.250.50
Austria WIENERBORSE 110100.
KuwaitKSE 132923669.7039.131.992.32-0.33
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© family websites
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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 LLC, nor makes any claims whatsoever regarding past or future performance. All examples, charts, histories, tables, commentaries, or recommendations are for educational or informational purposes only. is an independent and free website and all the Services provided by LLC at are completely free of charge. LLC does not receive compensation by any direct or indirect means from the visitors and users of this website (or of any other© 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.

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