BEARISH MEETING LINE
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.
BEARISH MEETING LINE
Definition
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.
Title
Pattern Performance in Stock Exchanges since 1/1/2019
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
USOTCBB 111100.00100.0011.000.0011.00
USWARRANTS 1631197473.0162.1810.032.457.58
CanadaCSE 1911448775.3960.428.383.185.20
USOTC PINK 50373662204873.5455.296.262.603.66
CanadaTSX-V 70053129476.2955.066.342.873.48
NorwayOSE 71049029669.0160.414.571.213.36
JapanSAPPORO 96566.6783.333.670.333.33
Poland GPW 91868042174.0761.914.301.153.15
PakistanKSE 94571042775.1360.144.431.413.02
South KoreaKOSDAQ 56293947234070.1259.294.091.192.91
ChinaSZSE 48233283199868.0760.863.861.042.82
SwedenSTOCKHOLM 1978134180568.3559.543.991.242.75
USNASDAQ 81705726312370.1354.504.171.442.73
Hong KongHKEX 52143730206071.5455.234.051.362.69
Vietnam HNX 38026915170.7956.134.191.522.68
DenmarkCOPENHAGEN 35222712564.4955.073.600.932.67
ChileBCS 123744960.1666.223.540.912.64
MexicoBMV 53238321571.9956.143.771.162.60
IsraelTASE 1521101557366.7356.453.601.042.56
TurkeyBIST 123884348968.0958.013.851.292.56
IndiaNSE 71665212294672.7356.523.911.412.50
IndiaBSE 100057475425174.7256.864.101.632.48
IndonesiaIDX 101571739970.6455.654.001.572.43
PhilippinesPSE 52237021570.8858.113.370.962.41
EgyptEGX 108477142371.1354.863.941.642.30
BangladeshDSE 97770839972.4756.363.341.052.29
BelgiumBRUSSELS 30321511070.9651.163.130.842.28
JapanNAGOYA 94572860.6449.123.040.862.18
TaiwanGTSM 33102379135871.8757.083.140.982.16
ChinaSSE 35352418137968.4656.983.080.952.13
Vietnam HOSE 1565111363971.1257.413.201.082.13
BrazilBOVESPA 139997651670.0552.653.321.202.12
The World 1520481055745746069.5054.383.281.202.08
Poland GPW 111100.00100.002.000.002.00
South KoreaKRX 50863479194768.6255.792.980.982.00
ArgentinaBUE 58939621967.2355.303.581.582.00
Saudi ArabiaTADAWUL 60742324769.6958.392.951.021.92
FrancePARIS 2332161587869.2554.372.750.911.83
MalaysiaBURSA 2270154384768.0254.863.261.441.82
PortugalLISBON 82582870.7348.282.720.971.76
JapanTOKYO 125218623473168.8754.862.741.041.70
UKLSE 78415271269967.2451.192.660.981.68
TaiwanTWSE 45033047165467.6754.282.490.831.65
CanadaTSX 38542507125865.0550.182.761.151.61
USAMEX 1677114756268.4049.002.841.241.59
ItalyBORSA 32212222113468.9851.042.350.791.55
ThailandSET 32642165104466.3348.222.741.221.52
KuwaitKSE 141935065.9653.763.381.871.51
ArgentinaBUE 32266.67100.001.500.001.50
SpainIBEX 43930115468.5651.162.571.081.50
JordanASE 77572874.0349.122.390.911.47
Greece ATHENS 2321708673.2850.592.751.311.44
Austria WIENERBORSE 2651718864.5351.462.761.351.41
UAEUAE 102683266.6747.063.031.651.38
AustraliaASX 31812152106167.6849.283.211.851.35
OmanMSM 64452073.4442.552.721.401.32
SingaporeSGX 71846122364.2148.372.421.121.30
USNYSE 117317910393667.4849.722.200.921.28
RussiaMICEX 56340220272.4749.512.341.071.26
GermanyXETRA 54393677188667.6051.292.060.871.18
SwitzerlandSIX 136695947070.2049.011.870.741.13
NetherlandsAMSTERDAM 81753827465.8550.931.770.671.10
PhilippinesPSE 42150.0050.001.000.001.00
QatarQE 116864974.1456.981.940.941.00
NorwayOSE 221100.0050.001.000.001.00
USPREFERRED 77152324267.8346.271.470.540.93
BangladeshDSE 1311884.6272.731.000.090.91
FOREXFOREX 86175.0016.671.671.500.17
JapanFUKUOKA 1613681.2546.151.691.620.08
TaiwanGTSM 1000.000.000.000.000.00
UKLSE 111100.00100.000.000.000.00
USFOREX 96266.6733.330.330.330.00
South KoreaKOSDAQ 1000.000.000.000.000.00
MalaysiaBURSA 42250.00100.000.000.000.00
MexicoBMV 1000.000.000.000.000.00
SingaporeSGX 111100.00100.000.000.000.00
ThailandSET 31033.330.000.000.000.00
AustraliaASX 54280.0050.000.250.250.00
SwitzerlandSIX 21150.00100.000.000.000.00
CanadaTSX 21050.000.000.000.000.00
ChileBCS 1000.000.000.000.000.00
IndonesiaIDX 85262.5040.000.600.600.00
Vietnam HOSE 42150.0050.000.000.50-0.50
ChinaSSE 74157.1425.000.250.75-0.50
UAEUAE 21050.000.000.001.00-1.00
PortugalLISBON 110100.000.000.001.00-1.00
PakistanKSE 42050.000.000.001.00-1.00
IndiaNSE 110100.000.000.001.00-1.00
SpainIBEX 110100.000.000.001.00-1.00
TurkeyBIST 110100.000.000.002.00-2.00
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 bulls.com© family websites

Disclaimers:

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 Americanbulls.com LLC, nor Candlesticker.com makes any claims whatsoever regarding past or future performance. All examples, charts, histories, tables, commentaries, or recommendations are for educational or informational purposes only.

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