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 75471.4380.008.200.607.60
USOTC PINK 1809130581172.3661.967.851.626.23
UAEUAE 84574467.8677.196.650.446.21
USWARRANTS 31211367.7461.906.381.385.00
OmanMSM 52422680.7761.904.930.934.00
Greece ATHENS 101724571.2962.504.610.893.72
ChinaSZSE 1654111969167.6561.754.561.013.55
USAMEX 66446529770.0363.874.380.903.48
South KoreaKOSDAQ 34352484166472.3466.964.481.023.47
Saudi ArabiaTADAWUL 44931519370.1661.274.230.813.43
ChinaSSE 111975045867.0261.074.491.093.40
JapanSAPPORO 96566.6783.333.670.333.33
USNASDAQ 38752637164168.1562.144.130.833.29
NorwayOSE 34123614769.2162.294.591.423.18
Hong KongHKEX 27501962115471.3558.824.401.233.17
ArgentinaBUE 1441076274.3157.944.111.262.85
IsraelTASE 63644929070.6064.593.410.682.74
IndiaBSE 55204054249373.4461.494.141.412.73
BrazilBOVESPA 50837021872.8358.923.480.842.64
TaiwanGTSM 1615120375674.4962.843.500.902.60
DenmarkCOPENHAGEN 1821197765.3864.713.090.502.60
SwedenSTOCKHOLM 82056233368.5459.253.390.812.58
IndiaNSE 34392497153272.6161.353.761.252.51
South KoreaKRX 26081835120570.3665.673.260.772.49
JordanASE 76522768.4251.923.461.022.44
Austria WIENERBORSE 85543163.5357.413.070.652.43
SpainIBEX 30119811865.7859.603.350.942.41
The World 71136492432907769.2659.023.391.032.37
JapanFUKUOKA 96566.6783.332.330.002.33
IndonesiaIDX 53538320771.5954.
AustraliaASX 124085347168.7955.223.501.252.25
EgyptEGX 55037222167.6459.413.691.482.22
TurkeyBIST 58739121866.6155.753.110.912.20
CanadaTSX-V 2373162592868.7356.903.100.912.19
UKLSE 37972513145166.1857.742.850.732.12
TaiwanTWSE 2206152990569.3159.192.630.641.99
CanadaTSX 2137146683168.7456.572.790.821.97
FrancePARIS 104973043769.6959.782.600.671.93
RussiaMICEX 2391699970.7158.583.371.501.86
SingaporeSGX 54137017968.3948.382.821.011.81
JapanTOKYO 69254685262567.7055.992.720.931.79
MalaysiaBURSA 101770537769.3253.482.720.991.73
USNYSE 55893723206766.6155.522.310.701.61
BelgiumBRUSSELS 1611105668.3250.912.210.651.55
ItalyBORSA 1711115460167.6251.942.340.821.52
GermanyXETRA 2171150682669.3754.852.110.671.44
SwitzerlandSIX 61639922364.7755.891.810.601.21
MexicoBMV 2251628472.0051.851.910.731.18
NetherlandsAMSTERDAM 40326414465.5154.551.640.581.06
QatarQE 74513268.9262.751.920.881.04
PortugalLISBON 42291469.0548.281.720.760.97
USPREFERRED 58238517566.1545.450.960.320.64
USAMEX 54280.0050.000.750.250.50
JapanNAGOYA 54401874.0745.001.651.200.45
Austria WIENERBORSE 110100.
KuwaitKSE 144984068.0640.822.212.29-0.07
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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