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 1/1/2019
Stock Exchange 
Per Trade 
Total Net% Descending
USOTCBB 111100.00100.0011.000.0011.00
JapanSAPPORO 96566.6783.333.670.333.33
Poland GPW 111100.00100.
ArgentinaBUE 32266.67100.001.500.001.50
OmanMSM 64452073.4442.552.721.401.32
PhilippinesPSE 42150.0050.
NorwayOSE 221100.0050.
BangladeshDSE 1411878.5772.731.000.090.91
DenmarkCOPENHAGEN 3783263.760.830.150.000.15
BangladeshDSE 10939471.910.510.080.010.07
PortugalLISBON 882169.321.640.060.010.05
USAMEX 18272267.870.
The World 163508127973569.540.650.040.010.03
NorwayOSE 8052269.440.360.020.000.02
EgyptEGX 12264369.740.350.020.000.02
PhilippinesPSE 5522171.380.
PakistanKSE 10171175.
JapanNAGOYA 941162.771.690.010.000.01
USOTC PINK 55444373.860.
TaiwanTWSE 48212267.720.
RussiaMICEX 6432172.630.
Hong KongHKEX 54402171.800.
IsraelTASE 16523167.740.
TaiwanGTSM 35744471.400.
ChinaSSE 37831169.
South KoreaKRX 53981168.670.
ItalyBORSA 34655169.
AustraliaASX 34382267.800.
FrancePARIS 24903169.
ThailandSET 34842166.
South KoreaKOSDAQ 59951170.530.
IndiaBSE 111922274.850.
JapanTOKYO 132841168.870.
TaiwanGTSM 1000.
Vietnam HNX 4240068.870.
USWARRANTS 1730073.990.
USNASDAQ 87430070.
USFOREX 106260.0033.330.330.330.00
UKLSE 83810067.
UKLSE 111100.00100.
KuwaitKSE 1620066.
Poland GPW 9760074.
ThailandSET 31033.330.
SingaporeSGX 7360064.950.
SingaporeSGX 111100.00100.
MalaysiaBURSA 42250.00100.
MalaysiaBURSA 23600068.
MexicoBMV 5610071.480.
MexicoBMV 1000.
UAEUAE 1100067.
Saudi ArabiaTADAWUL 6470069.400.
QatarQE 1311074.
JordanASE 850071.760.
South KoreaKOSDAQ 1000.
ArgentinaBUE 6560066.310.
Austria WIENERBORSE 2770066.
CanadaTSX 21050.
CanadaCSE 1950076.920.
CanadaTSX-V 7430075.500.
BrazilBOVESPA 15460070.310.
BelgiumBRUSSELS 3260071.470.
ChileBCS 1000.
ChileBCS 1420060.560.
SwitzerlandSIX 14780070.
SwitzerlandSIX 21150.00100.
AustraliaASX 54280.0050.
ChinaSZSE 51900068.500.
SpainIBEX 4680068.800.
Greece ATHENS 2530074.700.
JapanFUKUOKA 170076.470.
IndonesiaIDX 10960071.
IndonesiaIDX 85262.5040.000.600.600.00
GermanyXETRA 60001067.680.
USPREFERRED 8981066.820.
IndiaNSE 78732072.680.
CanadaTSX 40795165.330.
USNYSE 126212067.
TurkeyBIST 13401067.840.
NetherlandsAMSTERDAM 9094266.340.330.000.000.00
Vietnam HOSE 17161069.700.
SwedenSTOCKHOLM 21112068.830.000.000.01-0.01
Vietnam HOSE 42150.0050.000.000.50-0.50
ChinaSSE 85162.5020.000.200.80-0.60
UAEUAE 21050.
PortugalLISBON 110100.
PakistanKSE 42050.
SpainIBEX 110100.
IndiaNSE 110100.
TurkeyBIST 110100.
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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