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 1/1/2016
Stock Exchange 
Per Trade 
Total Net% Descending
USOTCBB 111100.00100.0011.000.0011.00
CanadaCSE 61513185.2559.629.002.816.19
UAEUAE 109694863.3069.575.390.724.67
CanadaTSX-V 40228917071.8958.826.552.194.35
USOTC PINK 37142678149272.8355.166.262.353.91
JapanSAPPORO 96566.6783.333.670.333.33
NorwayOSE 54538523570.6461.044.421.253.17
ChileBCS 24191379.1768.423.630.473.16
Poland GPW 78557935373.7660.974.110.993.13
OmanMSM 92703676.0951.434.141.212.93
Saudi ArabiaTADAWUL 65246027670.5560.003.690.832.85
Vietnam HNX 30422613474.3459.294.011.332.68
South KoreaKOSDAQ 55313965238171.6960.053.921.252.66
PakistanKSE 104075744672.7958.923.971.312.66
Hong KongHKEX 48833514193671.9655.093.961.382.59
ChinaSZSE 33402336131069.9456.083.831.322.51
USNASDAQ 66124600251769.5754.723.651.162.49
PhilippinesPSE 47334919273.7855.013.320.842.48
TurkeyBIST 114377443467.7256.073.450.992.46
IndiaNSE 59454401248974.0556.543.861.422.44
IndiaBSE 90216751381774.8456.544.001.622.38
ArgentinaBUE 29621311571.9653.994.231.852.37
SwedenSTOCKHOLM 1568107960068.8155.613.401.072.33
IsraelTASE 111778045769.8358.593.120.842.29
ChinaSSE 2286155585468.0254.923.471.192.28
USAMEX 114480343370.1953.923.431.212.23
IndonesiaIDX 95067536371.0553.783.411.202.21
BangladeshDSE 90868140575.0059.473.231.052.18
JapanFUKUOKA 1713976.4769.232.310.152.15
TaiwanGTSM 29532204124674.6456.533.201.072.13
BrazilBOVESPA 88763533271.5952.
DenmarkCOPENHAGEN 29920312067.8959.112.740.712.03
Greece ATHENS 1781266870.7953.973.511.492.02
JapanNAGOYA 87643073.5646.883.000.982.02
Poland GPW 111100.00100.
The World 124871875054749270.1054.
FrancePARIS 1784123769569.3456.182.700.721.98
South KoreaKRX 45423243188171.4058.002.870.951.92
MalaysiaBURSA 1843129573970.2757.
EgyptEGX 95767736970.7454.513.321.491.83
JordanASE 117824370.0952.442.891.121.77
Vietnam HOSE 102774340372.3554.242.881.111.77
BelgiumBRUSSELS 2651948973.2145.882.560.811.75
CanadaTSX 33582280117467.9051.492.610.871.74
ThailandSET 2297160177469.7048.342.751.071.68
AustraliaASX 2112147774169.9350.173.131.491.64
SpainIBEX 45230515367.4850.162.821.181.64
TaiwanTWSE 39672822152871.1454.152.430.811.62
SingaporeSGX 77850225164.5250.002.520.961.57
MexicoBMV 39828715072.1152.262.390.841.55
USWARRANTS 662100.0033.334.503.001.50
ArgentinaBUE 222100.00100.001.500.001.50
UKLSE 64604264220966.0151.812.400.911.49
RussiaMICEX 42930415470.8650.662.801.341.46
JapanTOKYO 123208476445068.8052.502.511.121.39
PortugalLISBON 66462469.7052.172.220.851.37
Austria WIENERBORSE 1751236870.2955.282.160.891.28
USNYSE 95576422317767.1949.482.110.841.27
KuwaitKSE 1911266565.9751.592.711.471.25
ItalyBORSA 2744186389467.8947.992.070.861.22
GermanyXETRA 38282620136168.4451.951.920.771.15
NetherlandsAMSTERDAM 65443621766.6749.771.710.581.13
SwitzerlandSIX 102966935565.0153.061.620.611.02
PhilippinesPSE 32166.6750.
NorwayOSE 221100.0050.
QatarQE 129924971.3253.261.911.040.87
USPREFERRED 78550621564.4642.491.010.420.59
USFOREX 54280.0050.000.500.000.50
IndonesiaIDX 65283.3340.000.600.600.00
AustraliaASX 43175.0033.330.330.330.00
CanadaTSX 1000.
South KoreaKOSDAQ 1000.
MexicoBMV 1000.
MalaysiaBURSA 1000.
TaiwanGTSM 1000.
UKLSE 111100.00100.
ThailandSET 31033.330.
BangladeshDSE 86375.0050.000.000.17-0.17
ChinaSSE 53160.0033.330.330.67-0.33
Vietnam HOSE 42150.0050.000.000.50-0.50
UAEUAE 21050.
PakistanKSE 32066.670.000.001.00-1.00
PortugalLISBON 110100.
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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