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 1/1/2021
Stock Exchange 
Per Trade 
Total Net% Descending
USOTCBB 111100.00100.0011.000.0011.00
CanadaCSE 1821348373.6361.948.523.005.52
USOTC PINK 52153707205473.5453.566.052.613.44
JapanSAPPORO 96566.6783.333.670.333.33
NorwayOSE 98769540170.4257.704.421.233.19
JapanNAGOYA 77472661.0455.323.770.593.18
CanadaTSX-V 74254028772.7853.156.152.983.17
Poland GPW 94969940273.6657.514.321.183.15
South KoreaKOSDAQ 56564000235370.7458.814.361.333.03
SwedenSTOCKHOLM 2268157593969.5859.514.581.592.99
USNASDAQ 97946903376770.5154.554.541.602.94
IndonesiaIDX 107176841971.7154.564.161.452.71
Hong KongHKEX 49103520190671.6954.154.171.502.66
TurkeyBIST 145699956368.8956.134.161.592.57
ChinaSZSE 54493781217869.3957.603.751.182.57
KuwaitKSE 26317510566.5460.003.551.022.54
BelgiumBRUSSELS 2781959970.1450.773.460.972.49
IsraelTASE 1877130275269.3757.763.501.052.45
MexicoBMV 55840821473.1252.453.731.312.42
FrancePARIS 2417166490668.8954.413.230.872.35
PakistanKSE 111182046173.8156.223.801.532.27
BangladeshDSE 95272140375.7455.893.471.232.24
Vietnam HNX 39828715972.1155.403.751.512.23
PhilippinesPSE 49434919270.6555.013.321.152.18
ChinaSSE 45893160178568.8656.493.221.042.17
EgyptEGX 135391449067.5553.613.811.662.15
DenmarkCOPENHAGEN 38125613067.1950.783.201.062.14
QatarQE 1491056470.4760.952.750.672.08
PortugalLISBON 96592961.4649.152.880.822.05
TaiwanGTSM 37742662152670.6957.
Poland GPW 21150.00100.
The World 1746591206736418869.8652.613.181.271.91
South KoreaKRX 55713764207267.5655.052.931.021.90
IndiaBSE 1385610444560275.4253.613.571.721.85
IndiaNSE 86046342338073.7453.273.381.541.84
MalaysiaBURSA 1736121063669.7052.563.301.461.84
Vietnam HOSE 2030140275669.0653.923.061.261.80
Saudi ArabiaTADAWUL 74652829670.7856.062.821.031.79
ThailandSET 34712299114066.2349.592.991.211.78
ChileBCS 2041216559.3153.722.811.061.75
SpainIBEX 49735419371.2354.522.741.031.71
Greece ATHENS 29121711674.5753.462.851.171.67
JapanTOKYO 132319186495169.4353.902.651.071.58
BrazilBOVESPA 1766120662268.3551.532.761.221.54
AustraliaASX 36622464121567.2949.313.381.871.51
TaiwanTWSE 50603425179467.6952.382.420.911.51
UKLSE 93236412316268.7849.312.601.101.50
JapanTOKYO 222100.00100.001.500.001.50
ArgentinaBUE 32266.67100.001.500.001.50
USAMEX 2108148671870.4948.322.731.231.50
CanadaTSX 41792733137565.4950.242.691.251.44
Austria WIENERBORSE 47231715667.1649.212.661.311.36
OmanMSM 64452073.4442.552.721.401.32
SingaporeSGX 60339918566.1746.372.311.071.24
USNYSE 144059758481967.7449.392.241.011.23
SwitzerlandSIX 1621112255369.2249.292.020.801.22
ItalyBORSA 41052874141270.1649.032.130.951.18
GermanyXETRA 71434888238868.4348.851.980.901.08
UKLSE 222100.00100.
PhilippinesPSE 42150.0050.
NetherlandsAMSTERDAM 102769634567.7749.571.860.870.99
UAEUAE 1411004870.9248.002.451.520.93
JordanASE 52401676.9240.001.840.940.90
NorwayOSE 331100.0033.330.670.000.67
ArgentinaBUE 3572119459.1044.553.382.770.60
BangladeshDSE 2014970.0064.290.860.290.57
SwedenSTOCKHOLM 1000.
RussiaMICEX 6540069.
TaiwanGTSM 1000.
SingaporeSGX 111100.00100.
ThailandSET 31033.330.
USFOREX 148357.1437.500.250.250.00
IndonesiaIDX 85262.5040.000.600.600.00
ItalyBORSA 110100.
South KoreaKOSDAQ 1000.
MexicoBMV 1000.
FrancePARIS 110100.
Greece ATHENS 110100.
ChinaSSE 128466.6750.000.500.500.00
ChileBCS 1000.
CanadaTSX 21050.
SwitzerlandSIX 21150.00100.
Austria WIENERBORSE 110100.
AustraliaASX 54280.0050.
USPREFERRED 8871066.850.
Vietnam HOSE 75371.4360.000.000.20-0.20
MalaysiaBURSA 53260.0066.670.000.33-0.33
PakistanKSE 75171.4320.000.801.20-0.40
RussiaMICEX 86175.0016.670.170.83-0.67
JapanFUKUOKA 1510466.6740.000.351.32-0.97
PortugalLISBON 110100.
SpainIBEX 110100.
IndiaNSE 110100.
UAEUAE 31033.330.000.001.00-1.00
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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