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 56472783.9357.457.873.194.68
USOTC PINK 2442178799773.6355.456.242.743.50
Poland GPW 49436323673.8964.664.200.813.39
JapanSAPPORO 96566.6783.333.670.333.33
CanadaTSX-V 32524413775.3855.925.402.163.24
Vietnam HNX 22115910271.9564.154.140.923.23
PakistanKSE 66751331676.9161.604.441.323.11
South KoreaKOSDAQ 32522303138770.9760.103.971.202.77
ArgentinaBUE 2251548869.7856.053.941.202.75
IndiaNSE 37792822162474.7357.513.991.272.72
BelgiumBRUSSELS 125954976.0051.583.410.762.65
IndiaBSE 57324301247175.0357.454.041.452.59
TurkeyBIST 72449529068.3758.593.601.102.51
IsraelTASE 71650127869.9755.493.300.852.45
USNASDAQ 39832798148770.8052.733.571.222.35
Hong KongHKEX 29692141116772.3854.303.611.282.34
SwedenSTOCKHOLM 104372841269.8056.593.491.172.33
JapanNAGOYA 65462270.7747.833.150.872.28
Saudi ArabiaTADAWUL 24717511070.8562.863.150.892.27
ChinaSZSE 1858131074570.5156.873.491.232.26
PhilippinesPSE 27119811673.0658.593.080.832.25
NorwayOSE 31621211667.0954.723.861.622.24
TaiwanGTSM 1876140280274.7357.203.060.992.07
MalaysiaBURSA 105073442069.9057.
IndonesiaIDX 51136819872.0253.803.361.322.04
Poland GPW 111100.00100.
UAEUAE 58352260.3462.862.830.832.00
The World 75030527312843470.3953.843.091.161.93
FrancePARIS 102271939970.4555.422.610.681.93
South KoreaKRX 27461903107469.5256.262.850.921.93
DenmarkCOPENHAGEN 1541055868.1855.242.600.691.91
Vietnam HOSE 72652629872.4556.652.811.071.74
ChinaSSE 128286548067.4755.492.811.071.74
BangladeshDSE 52638722573.5758.142.650.941.71
QatarQE 59442474.5854.552.660.951.70
USAMEX 75952629069.3055.132.921.301.62
MexicoBMV 2411779373.4452.542.510.921.60
BrazilBOVESPA 49834916770.0847.852.701.141.56
RussiaMICEX 33725313276.5651.162.350.811.53
OmanMSM 40301275.0040.003.131.601.53
ThailandSET 1503103648668.9346.912.561.041.52
CanadaTSX 1764116757366.1649.102.450.941.51
ArgentinaBUE 222100.00100.001.500.001.50
AustraliaASX 132492944070.2447.313.111.661.45
JapanTOKYO 70814920257869.4852.402.531.151.38
TaiwanTWSE 2437174093471.4053.682.230.851.37
UKLSE 39392570129165.3250.172.320.951.37
SingaporeSGX 3342059961.3848.292.210.871.34
ItalyBORSA 1595106750466.9047.242.110.881.24
JordanASE 64492276.5644.902.781.551.22
EgyptEGX 58241821271.8250.723.031.811.22
PortugalLISBON 45371882.2248.652.140.921.22
NetherlandsAMSTERDAM 38125112865.8851.001.690.531.16
USNYSE 53523657178068.4048.621.980.891.09
SpainIBEX 2501687467.2044.052.421.391.02
GermanyXETRA 2300155177867.5750.061.820.801.01
PhilippinesPSE 32166.6750.
NorwayOSE 221100.0050.
Austria WIENERBORSE 99743874.7551.351.860.960.91
ChileBCS 129575.0055.561.780.890.89
SwitzerlandSIX 58037219564.1452.421.460.600.85
JapanFUKUOKA 1310476.9240.001.300.500.80
Greece ATHENS 110703563.6450.002.231.600.63
KuwaitKSE 73422057.5347.622.521.930.60
USPREFERRED 49831914164.0644.201.000.440.56
USFOREX 43175.0033.330.330.000.33
AustraliaASX 43175.0033.330.330.330.00
CanadaTSX 1000.
IndonesiaIDX 65283.3340.000.600.600.00
ThailandSET 31033.330.
South KoreaKOSDAQ 1000.
MalaysiaBURSA 1000.
MexicoBMV 1000.
TaiwanGTSM 1000.
UKLSE 111100.00100.
BangladeshDSE 75371.4360.000.000.20-0.20
ChinaSSE 53160.0033.330.330.67-0.33
Vietnam HOSE 42150.0050.000.000.50-0.50
UAEUAE 21050.
PortugalLISBON 110100.
PakistanKSE 32066.670.000.001.00-1.00
SpainIBEX 110100.
IndiaNSE 110100.
TurkeyBIST 110100.
USWARRANTS 441100.0025.000.754.50-3.75
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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