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 129475.0044.4413.442.6710.78
CanadaCSE 87704180.4658.577.802.974.83
USOTC PINK 37782745150173.5654.016.192.823.37
JapanSAPPORO 96566.6783.333.670.333.33
Poland GPW 80059836074.7560.204.351.063.29
NorwayOSE 52035420568.0857.914.581.403.18
CanadaTSX-V 45232418171.6855.866.243.233.02
South KoreaKOSDAQ 49903523209870.7859.404.261.272.99
Vietnam HNX 32623514372.0960.854.021.092.93
Saudi ArabiaTADAWUL 55238323369.3860.843.790.872.92
IndonesiaIDX 83859433270.8855.894.131.232.90
PakistanKSE 99773243273.4259.024.271.422.85
IsraelTASE 111977945069.6257.773.750.942.81
IndiaNSE 57364224240273.6456.874.201.392.81
ChinaSZSE 30652181123171.1656.444.151.372.78
ChinaSSE 2038141178369.2355.493.951.222.73
DenmarkCOPENHAGEN 29319711667.2458.883.350.632.72
Hong KongHKEX 45243254175871.9753.994.181.482.70
PhilippinesPSE 45733019072.2157.583.540.872.67
IndiaBSE 83266214353874.6356.944.191.632.56
USNASDAQ 67184680251469.6653.723.881.362.52
UAEUAE 88583165.9153.453.621.122.50
PortugalLISBON 65482573.8552.083.310.812.50
ArgentinaBUE 32522212468.3155.864.271.832.44
BelgiumBRUSSELS 2391727671.9744.193.280.942.34
TurkeyBIST 124381843265.8152.813.501.212.29
BrazilBOVESPA 87860931869.3652.223.461.182.28
SwedenSTOCKHOLM 1590109160468.6255.363.621.342.28
TaiwanGTSM 29672152121972.5356.643.361.092.27
The World 119695837694508170.0353.783.381.242.14
South KoreaKRX 42913008170570.1056.683.181.062.12
USAMEX 118480543067.9953.423.381.292.09
Poland GPW 111100.00100.
JordanASE 83603072.2950.
Vietnam HOSE 113881046471.1857.282.991.081.91
MalaysiaBURSA 1739119665768.7854.933.161.271.89
FrancePARIS 1732122866970.9054.482.760.881.88
BangladeshDSE 79959432874.7254.942.961.161.81
UKLSE 63624218215866.4451.052.710.931.78
TaiwanTWSE 38432655139169.0952.392.650.871.78
JapanTOKYO 121088365447669.0953.512.891.141.75
ThailandSET 2331154773066.3747.192.931.181.75
MexicoBMV 38928715073.7852.262.660.921.74
JapanNAGOYA 94673371.2849.252.520.791.73
OmanMSM 63472174.6044.683.231.531.70
SingaporeSGX 66342121463.5050.832.691.001.69
EgyptEGX 96466335368.7853.243.291.631.66
CanadaTSX 30332038100067.1949.072.681.061.61
ItalyBORSA 2475172085469.4949.652.480.881.60
ArgentinaBUE 222100.00100.001.500.001.50
AustraliaASX 2178151871169.7046.843.241.821.42
USNYSE 88175932291867.2849.192.350.941.41
QatarQE 120834569.1754.
SpainIBEX 40829014171.0848.622.521.301.21
GermanyXETRA 37372593129969.3950.102.110.911.21
NetherlandsAMSTERDAM 59940820668.1150.491.950.781.16
Austria WIENERBORSE 2001347267.0053.732.191.031.16
RussiaMICEX 47335116574.2147.012.451.301.15
KuwaitKSE 134894666.4251.692.971.831.13
PhilippinesPSE 32166.6750.
NorwayOSE 221100.0050.
SwitzerlandSIX 93764732569.0550.231.740.760.97
ChileBCS 47322068.0962.501.690.720.97
USPREFERRED 77549621664.0043.551.250.510.74
JapanFUKUOKA 1611568.7545.451.911.270.64
BangladeshDSE 108580.0062.500.750.130.63
Greece ATHENS 137924367.1546.742.712.100.61
USFOREX 64266.6750.000.500.000.50
MalaysiaBURSA 1000.
MexicoBMV 1000.
South KoreaKOSDAQ 1000.
CanadaTSX 21050.
SwitzerlandSIX 1000.
AustraliaASX 54280.0050.
IndonesiaIDX 75271.4340.000.600.600.00
TaiwanGTSM 1000.
UKLSE 111100.00100.
ThailandSET 31033.330.
ChinaSSE 53160.0033.330.330.67-0.33
Vietnam HOSE 42150.0050.000.000.50-0.50
UAEUAE 21050.
PakistanKSE 42050.
PortugalLISBON 110100.
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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