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 1/1/2017
Stock Exchange 
Per Trade 
Total Net% Descending
USOTCBB 111100.00100.0011.000.0011.00
USWARRANTS 2013565.0038.469.774.005.77
CanadaCSE 94764580.8559.
USOTC PINK 42553064170373.0454.796.282.763.52
JapanSAPPORO 96566.6783.333.670.333.33
NorwayOSE 54937621868.4957.984.681.413.28
Poland GPW 87566039575.4359.854.331.173.16
IndonesiaIDX 88362835571.1256.534.121.202.92
CanadaTSX-V 48334919472.2655.596.063.182.88
South KoreaKOSDAQ 52613709218270.5058.834.161.292.87
ChinaSSE 2268153987167.8656.604.001.192.81
ChinaSZSE 33532344134169.9157.214.131.352.78
Saudi ArabiaTADAWUL 59940724067.9558.973.650.872.78
Vietnam HNX 33724114571.5160.173.861.152.71
DenmarkCOPENHAGEN 30620212066.0159.413.330.622.71
IndiaNSE 60954476253873.4456.704.101.402.70
IsraelTASE 118882147269.1157.493.650.962.69
Hong KongHKEX 47383396182971.6853.864.151.472.68
PakistanKSE 106778045073.1057.694.111.462.65
USNASDAQ 71604979267369.5453.693.891.362.52
IndiaBSE 87046496369474.6356.874.141.652.49
PhilippinesPSE 48235119872.8256.413.360.922.44
PortugalLISBON 68512775.0052.943.140.762.37
ArgentinaBUE 36425314269.5156.134.171.872.30
TaiwanGTSM 31202264129672.5657.243.381.102.28
UAEUAE 95623265.2651.613.401.152.26
TurkeyBIST 128784944465.9752.303.491.272.22
SwedenSTOCKHOLM 1686116964269.3454.923.541.392.15
South KoreaKRX 43603049173569.9356.903.211.062.15
BelgiumBRUSSELS 2461767571.5442.613.100.972.13
BrazilBOVESPA 96567035069.4352.
The World 127011886424756469.8353.633.351.252.09
Poland GPW 111100.00100.
USAMEX 129687245667.2852.
MexicoBMV 43332217274.3653.422.840.931.92
Vietnam HOSE 120084447570.3356.282.951.071.89
JordanASE 81592972.8449.152.981.101.88
FrancePARIS 1843130471170.7554.522.720.881.84
MalaysiaBURSA 1909132071969.1554.473.261.431.82
BangladeshDSE 82461033474.0354.752.981.171.81
JapanNAGOYA 97663368.0450.002.550.771.77
ThailandSET 2492167279967.0947.792.921.161.76
TaiwanTWSE 40872826148369.1552.482.600.881.72
UKLSE 67904487228566.1450.882.670.951.72
OmanMSM 64472173.4444.683.231.531.70
JapanTOKYO 126588752464669.1453.092.831.151.68
SingaporeSGX 71245423063.7650.662.651.001.65
ItalyBORSA 2615181089969.2249.672.510.871.64
CanadaTSX 32312170107067.1649.312.661.071.60
EgyptEGX 101970437069.0952.563.221.631.59
SpainIBEX 43130715471.2350.162.731.151.58
ArgentinaBUE 32266.67100.001.500.001.50
USNYSE 95086399312967.3048.902.280.941.35
AustraliaASX 2360165576470.1346.163.151.831.33
GermanyXETRA 40072746137468.5650.022.120.921.20
ChileBCS 48332168.7563.641.880.701.18
QatarQE 130904969.2354.442.130.991.14
KuwaitKSE 146954965.0751.582.971.851.12
RussiaMICEX 50637417973.9147.862.421.311.11
NetherlandsAMSTERDAM 63643421768.2450.001.790.771.03
PhilippinesPSE 32166.6750.
NorwayOSE 221100.0050.
USPREFERRED 90857724963.5543.151.390.550.84
SwitzerlandSIX 102270234168.6948.581.590.790.80
Austria WIENERBORSE 89593166.2952.541.801.140.66
BangladeshDSE 108580.0062.500.750.130.63
Greece ATHENS 136914366.9147.252.632.010.62
MalaysiaBURSA 32266.67100.000.500.000.50
USFOREX 75271.4340.000.400.200.20
JapanFUKUOKA 1813572.2238.461.461.380.08
TaiwanGTSM 1000.
UKLSE 111100.00100.
ThailandSET 31033.330.
South KoreaKOSDAQ 1000.
MexicoBMV 1000.
CanadaTSX 21050.
SwitzerlandSIX 1000.
AustraliaASX 54280.0050.
ChileBCS 1000.
IndonesiaIDX 85262.5040.000.600.600.00
ChinaSSE 63150.0033.330.330.67-0.33
Vietnam HOSE 42150.0050.000.000.50-0.50
UAEUAE 21050.
PortugalLISBON 110100.
PakistanKSE 42050.
IndiaNSE 110100.
SpainIBEX 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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