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 1/1/2018
Stock Exchange 
Per Trade 
Total Net% Descending
USOTCBB 111100.00100.0011.000.0011.00
CanadaCSE 1351015874.8157.438.443.504.94
USWARRANTS 84623373.8153.
ChileBCS 88564163.6473.213.860.503.36
JapanSAPPORO 96566.6783.333.670.333.33
Vietnam HNX 33424015171.8662.924.261.083.18
USOTC PINK 47703473190673.3354.496.253.103.14
NorwayOSE 61241723968.4657.044.621.503.12
Poland GPW 93268940974.1459.193.961.182.78
South KoreaKOSDAQ 53383740219470.1258.624.021.252.77
PakistanKSE 107380747775.2159.114.121.422.70
JapanNAGOYA 85603270.5953.333.330.852.48
PhilippinesPSE 48634719571.4056.203.491.032.46
ChinaSZSE 36212519149169.5759.193.611.172.44
CanadaTSX-V 58343623274.7953.215.783.342.44
USNASDAQ 76435306282169.5153.103.881.462.42
Hong KongHKEX 48053439184671.5753.683.801.412.39
BelgiumBRUSSELS 2411799074.2750.283.320.982.34
IsraelTASE 136793450768.4754.173.391.082.32
IndiaNSE 65754772261272.6454.693.731.462.27
DenmarkCOPENHAGEN 29419810567.3553.033.010.752.26
TurkeyBIST 123984846668.6054.823.661.422.25
MexicoBMV 51536219170.2952.763.321.202.12
SwedenSTOCKHOLM 1772122768869.2456.073.531.422.11
TaiwanGTSM 31292256127572.1056.523.171.062.11
IndiaBSE 93686928380774.0054.923.771.682.09
ArgentinaBUE 47831117765.9056.193.731.652.08
ChinaSSE 26191775101767.7757.303.081.032.05
Poland GPW 111100.00100.
South KoreaKRX 47923255181367.9355.702.951.031.91
BangladeshDSE 90265635972.7354.733.041.131.91
IndonesiaIDX 89163532671.2751.343.621.711.91
PortugalLISBON 73552875.3450.912.800.911.89
Vietnam HOSE 127990150770.4556.272.991.111.88
UAEUAE 98633164.2949.213.221.351.87
MalaysiaBURSA 2173148182068.1555.373.271.411.86
The World 137068949995011769.3952.703.141.291.85
Saudi ArabiaTADAWUL 54737121067.8256.602.991.201.79
JordanASE 72552776.3949.092.530.801.73
USAMEX 1501100350067.1649.602.831.171.66
FrancePARIS 2055142374369.2552.212.541.011.54
BrazilBOVESPA 110674838067.9950.532.791.281.50
JapanTOKYO 114337876412768.8952.402.691.191.50
ArgentinaBUE 32266.67100.001.500.001.50
CanadaTSX 32612143102765.7547.902.631.161.47
ThailandSET 3009198494765.9447.732.751.301.45
UKLSE 71954776231866.4548.482.481.041.44
TaiwanTWSE 42942900152667.5452.622.330.901.43
SingaporeSGX 62139019262.8049.232.431.021.41
SpainIBEX 39727313368.7748.722.581.231.35
AustraliaASX 2698183384768.0546.133.231.891.34
QatarQE 113844974.3458.332.210.891.32
OmanMSM 64452073.4442.552.721.401.32
EgyptEGX 99771335071.5149.093.201.931.26
ItalyBORSA 2804192790968.7247.172.160.911.25
KuwaitKSE 123733959.3553.423.071.931.14
USNYSE 100206753325167.4648.
RussiaMICEX 69450524974.3548.
PhilippinesPSE 32166.6750.
NorwayOSE 221100.0050.
GermanyXETRA 45033029144667.3347.691.890.920.98
NetherlandsAMSTERDAM 72847623565.3849.371.630.680.95
BangladeshDSE 1311884.6272.731.000.090.91
Greece ATHENS 1841276169.0248.032.341.440.90
SwitzerlandSIX 119282138169.6345.901.520.790.73
FOREXFOREX 65183.3320.002.001.400.60
USPREFERRED 79751921465.1241.231.180.590.59
Austria WIENERBORSE 1931215962.6948.761.941.500.44
USFOREX 85262.5040.000.400.200.20
South KoreaKOSDAQ 1000.
MexicoBMV 1000.
SingaporeSGX 111100.00100.
MalaysiaBURSA 42250.00100.
ChileBCS 1000.
IndonesiaIDX 85262.5040.000.600.600.00
SwitzerlandSIX 21150.00100.
CanadaTSX 21050.
AustraliaASX 54280.0050.
ThailandSET 31033.330.
TaiwanGTSM 1000.
UKLSE 111100.00100.
ChinaSSE 63150.0033.330.330.67-0.33
JapanFUKUOKA 1612475.0033.331.171.58-0.42
Vietnam HOSE 42150.0050.000.000.50-0.50
UAEUAE 21050.
PortugalLISBON 110100.
PakistanKSE 42050.
SpainIBEX 110100.
IndiaNSE 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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