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 1/1/2014
Stock Exchange 
Per Trade 
Total Net% Descending
USOTCBB 111100.00100.0011.000.0011.00
USWARRANTS 27191270.3763.168.631.587.05
CanadaCSE 87587.5071.438.291.716.57
USOTC PINK 1554112368872.5261.057.281.665.62
ChinaSSE 70650733271.8165.485.931.014.91
ChinaSZSE 109776849069.8363.975.291.084.21
CanadaTSX-V 2121388065.0957.975.721.524.20
UAEUAE 52312259.6270.974.160.453.71
South KoreaKOSDAQ 23931764119573.7267.744.660.983.68
PakistanKSE 58142027472.2965.244.350.813.53
Saudi ArabiaTADAWUL 30521013668.8564.764.320.863.46
DenmarkCOPENHAGEN 143966867.1370.833.700.303.40
Poland GPW 41031219276.1061.544.320.933.39
JapanSAPPORO 96566.6783.333.670.333.33
Hong KongHKEX 2198159493672.5258.724.571.313.26
ArgentinaBUE 129935772.0961.294.100.913.18
USAMEX 57039424769.3062.533.990.893.10
IndonesiaIDX 40029616474.0055.413.980.903.08
IsraelTASE 52937723971.2763.403.710.653.06
NorwayOSE 27818511566.5562.164.631.662.97
IndiaNSE 27932027129372.6563.733.991.042.95
OmanMSM 30221173.3350.003.820.912.91
SwedenSTOCKHOLM 71349729969.9959.923.780.892.88
JordanASE 52372171.1556.764.051.192.86
PhilippinesPSE 2171609573.7359.383.530.692.83
South KoreaKRX 1927136789170.9465.183.470.762.71
TaiwanGTSM 1446107268774.1464.093.570.872.70
IndiaBSE 44523271202173.4761.794.071.382.69
USNASDAQ 44053056178369.4258.313.460.862.60
Austria WIENERBORSE 63332252.3866.673.090.522.58
The World 59483416152447969.9958.803.401.052.35
TaiwanTWSE 1809125273669.2158.792.860.622.24
PortugalLISBON 32231271.8852.172.740.652.09
TurkeyBIST 52032818063.0854.882.990.942.05
BrazilBOVESPA 40529115971.8554.642.950.902.05
JapanFUKUOKA 85462.5080.
RussiaMICEX 1831337172.6853.382.890.941.95
UKLSE 31772117116966.6455.222.730.791.94
CanadaTSX 146399655968.0856.122.660.741.92
ItalyBORSA 124487650470.4257.532.640.761.87
BangladeshDSE 36326115971.9060.922.820.961.86
FrancePARIS 78757134472.5560.252.490.641.85
Vietnam HOSE 48535020372.1658.002.780.991.79
JapanTOKYO 59684108226468.8355.112.710.961.75
MalaysiaBURSA 68848325370.2052.382.771.061.72
Vietnam HNX 2061497472.3349.663.371.671.70
QatarQE 45281762.2260.712.500.821.68
AustraliaASX 97669036170.7052.323.181.531.65
ThailandSET 107773834968.5247.292.681.071.62
SingaporeSGX 35223512166.7651.492.601.001.60
BelgiumBRUSSELS 109764069.7252.632.550.991.57
USNYSE 41162762153467.1355.522.290.751.54
EgyptEGX 51433618065.3753.573.241.741.49
SpainIBEX 2251619371.5657.762.330.851.48
GermanyXETRA 1607115364671.8755.932.080.661.41
MexicoBMV 1821377975.8257.252.010.791.22
ChileBCS 1110590.9150.001.600.401.20
SwitzerlandSIX 42228416467.3057.751.700.571.14
NetherlandsAMSTERDAM 27018910570.0055.561.760.691.07
ArgentinaBUE 111100.00100.
Greece ATHENS 56351762.5048.571.861.170.69
USPREFERRED 43829113366.4445.700.910.360.54
JapanNAGOYA 40261265.0046.151.080.580.50
UKLSE 111100.00100.
USFOREX 65183.3320.
MexicoBMV 1000.
MalaysiaBURSA 21050.
NorwayOSE 110100.
TaiwanGTSM 111100.00100.
PhilippinesPSE 21050.
ThailandSET 1000.
BangladeshDSE 21150.00100.
AustraliaASX 43175.0033.330.330.330.00
South KoreaKOSDAQ 1000.
IndonesiaIDX 43175.0033.330.330.67-0.33
UAEUAE 53060.
KuwaitKSE 88562263.6439.292.162.64-0.48
Vietnam HOSE 32166.6750.000.000.50-0.50
ChinaSSE 42150.0050.000.501.00-0.50
SingaporeSGX 220100.
PakistanKSE 21050.
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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