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
USWARRANTS 663100.0050.0015.673.0012.67
USOTCBB 111100.00100.0011.000.0011.00
CanadaCSE 69563482.6159.658.562.725.84
CanadaTSX-V 39528116971.1460.146.492.673.82
USOTC PINK 33872445134372.9854.336.092.653.45
Poland GPW 67850931875.0762.484.260.873.39
JapanSAPPORO 96566.6783.333.670.333.33
ChinaSSE 1735120066269.1655.
Vietnam HNX 30321913272.2860.273.921.142.78
Saudi ArabiaTADAWUL 49034020369.3959.713.620.882.74
South KoreaKOSDAQ 43713134187271.7759.673.981.262.73
PakistanKSE 94368640372.7558.754.031.332.70
IndiaNSE 51743842220474.2857.353.981.292.69
ChinaSZSE 26251859104070.8255.944.071.402.67
Hong KongHKEX 41012970161272.4254.284.071.452.62
PhilippinesPSE 40029717174.2557.583.440.842.60
IndonesiaIDX 74053229571.8955.453.821.222.60
IsraelTASE 97468239070.0257.183.450.902.56
NorwayOSE 45630517266.8956.393.881.372.50
IndiaBSE 77225778329974.8357.104.061.572.48
DenmarkCOPENHAGEN 26017410366.9259.203.070.632.44
USNASDAQ 58404084218870.0053.523.641.242.40
SwedenSTOCKHOLM 138296154269.5456.403.521.172.35
UAEUAE 75462861.3360.873.130.872.26
TaiwanGTSM 26171949112074.4757.473.281.032.25
ArgentinaBUE 28419911070.0755.283.931.742.19
TurkeyBIST 105268837265.4054.
USAMEX 102270939769.3755.993.361.192.17
BelgiumBRUSSELS 2061506772.8244.672.940.832.11
JordanASE 81593072.8450.853.121.102.02
South KoreaKRX 36792630150071.4957.033.000.992.00
The World 106496747954041370.2853.993.171.172.00
Poland GPW 111100.00100.
JapanNAGOYA 88623270.4551.612.680.691.98
FrancePARIS 1487105459770.8856.642.690.741.95
BangladeshDSE 74955531874.1057.303.011.081.94
MalaysiaBURSA 141199755870.9455.743.071.141.92
Vietnam HOSE 100272041571.8657.642.941.051.89
OmanMSM 59441974.5843.183.161.361.80
BrazilBOVESPA 72550225269.2450.202.891.131.75
TaiwanTWSE 33252356126470.8653.652.540.811.73
PortugalLISBON 54412075.9348.782.560.901.66
EgyptEGX 87059632368.5154.193.211.551.66
CanadaTSX 2622176688667.3550.172.520.881.64
ThailandSET 1926132763268.9047.632.671.061.61
ArgentinaBUE 222100.00100.001.500.001.50
JapanTOKYO 108897523398069.0952.902.571.091.48
SingaporeSGX 58637318663.6549.872.450.981.47
UKLSE 56583749189766.3350.552.370.911.46
JapanFUKUOKA 1813772.2253.851.690.311.38
QatarQE 105734169.5256.162.330.961.37
ItalyBORSA 2169148174068.2849.972.190.841.36
MexicoBMV 33424812774.2551.212.270.971.31
AustraliaASX 1813128161670.6648.092.911.631.28
RussiaMICEX 38728313473.1347.352.291.061.23
USNYSE 77925293257867.9348.712.080.891.18
SpainIBEX 38127413671.9249.642.341.201.13
GermanyXETRA 32372216113768.6451.171.900.791.10
NetherlandsAMSTERDAM 51034617967.8451.731.740.671.07
Austria WIENERBORSE 1611065865.8454.721.920.881.05
PhilippinesPSE 32166.6750.
NorwayOSE 221100.0050.
SwitzerlandSIX 80253627566.8351.311.540.650.89
KuwaitKSE 140914465.0048.352.561.710.85
Greece ATHENS 115763866.0950.002.421.840.58
USPREFERRED 69944919364.2342.981.000.460.55
USFOREX 54280.0050.000.500.000.50
ChileBCS 2218981.8250.001.331.170.17
BangladeshDSE 97477.7857.
TaiwanGTSM 1000.
UKLSE 111100.00100.
South KoreaKOSDAQ 1000.
MexicoBMV 1000.
MalaysiaBURSA 1000.
ThailandSET 31033.330.
IndonesiaIDX 65283.3340.000.600.600.00
CanadaTSX 21050.
AustraliaASX 43175.0033.330.330.330.00
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
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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