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 1/1/2016
Stock Exchange 
Per Trade 
Total Net% Descending
USOTCBB 111100.00100.0011.000.0011.00
CanadaCSE 46392284.7856.418.623.085.54
CanadaTSX-V 30121312770.7659.626.241.874.38
Vietnam HNX 21915610571.2367.314.420.823.60
USOTC PINK 2050150683573.5655.376.412.933.48
JapanSAPPORO 96566.6783.333.670.333.33
Poland GPW 44432320273.2062.154.050.983.08
PakistanKSE 61747929177.6360.754.251.352.90
South KoreaKOSDAQ 28982040123870.4360.664.081.222.86
ArgentinaBUE 1911398072.7757.554.001.232.77
UAEUAE 51302058.8266.673.170.432.73
IsraelTASE 60842624370.0757.043.560.882.68
OmanMSM 30231076.6743.483.741.092.65
JapanNAGOYA 62432269.3551.163.370.882.49
TurkeyBIST 60642225069.6459.243.551.122.43
IndiaNSE 33072457139074.3056.573.701.282.42
SwedenSTOCKHOLM 87961635070.0856.823.511.112.39
PhilippinesPSE 2251629672.0059.263.080.722.36
IndiaBSE 51903877219274.7056.543.861.512.35
USAMEX 47433919871.5258.413.811.492.32
USNASDAQ 33792396126170.9152.633.581.292.29
Saudi ArabiaTADAWUL 2181539670.1862.753.200.942.26
Hong KongHKEX 25701858100672.2654.173.551.302.25
ChinaSZSE 1425102157371.6556.123.401.222.18
TaiwanGTSM 1630121871074.7258.293.150.992.15
BelgiumBRUSSELS 105814377.1453.092.860.792.07
MalaysiaBURSA 88861836169.5958.413.081.022.07
QatarQE 51372172.5556.763.000.972.03
Poland GPW 111100.00100.
DenmarkCOPENHAGEN 124814365.3253.092.590.631.96
South KoreaKRX 2327161592869.4057.462.870.911.96
The World 64491454042456270.4254.
IndonesiaIDX 44632217372.2053.733.271.371.90
FrancePARIS 89562935470.2856.282.550.671.87
RussiaMICEX 26219710577.1051.982.600.801.81
Vietnam HOSE 63445625771.9256.362.911.141.78
ChinaSSE 96065435368.1353.982.691.061.64
BrazilBOVESPA 44832015271.4347.502.751.131.63
SingaporeSGX 2811808764.0648.332.470.871.60
BangladeshDSE 44732418772.4857.722.440.891.55
ThailandSET 131490542568.8746.962.551.041.51
ChileBCS 108580.0062.502.000.501.50
ArgentinaBUE 222100.00100.001.500.001.50
TaiwanTWSE 2089149582071.5754.852.320.821.50
CanadaTSX 147298149566.6450.462.420.951.47
MexicoBMV 2221598571.6253.462.380.921.46
UKLSE 33262167108665.1550.122.350.921.43
JapanFUKUOKA 107370.0042.861.860.431.43
SpainIBEX 2211526768.7844.082.761.361.39
PortugalLISBON 41331780.4951.522.240.851.39
JapanTOKYO 61314255221369.4052.012.511.161.35
AustraliaASX 116180737869.6046.783.041.751.29
ItalyBORSA 136893544468.3547.492.120.851.27
USNYSE 44903074154068.4650.102.100.861.24
JordanASE 52401876.9245.002.981.831.15
KuwaitKSE 57331757.8951.523.001.881.12
NorwayOSE 2791869566.6751.082.951.831.12
GermanyXETRA 1973134068867.9751.301.880.791.09
PhilippinesPSE 32166.6750.
SwitzerlandSIX 51632817263.5752.441.630.650.98
NetherlandsAMSTERDAM 32921711065.9650.691.460.530.93
Greece ATHENS 100673567.0052.242.361.600.76
Austria WIENERBORSE 70502471.4348.001.961.200.76
USPREFERRED 40326212865.0148.851.140.410.73
EgyptEGX 52537518171.4348.272.742.100.64
USFOREX 43175.0033.330.330.000.33
IndonesiaIDX 65283.3340.000.600.600.00
CanadaTSX 1000.
AustraliaASX 43175.0033.330.330.330.00
ThailandSET 1000.
NorwayOSE 110100.
MexicoBMV 1000.
MalaysiaBURSA 1000.
South KoreaKOSDAQ 1000.
TaiwanGTSM 1000.
UKLSE 111100.00100.
ChinaSSE 53160.0033.330.330.67-0.33
Vietnam HOSE 32166.6750.000.000.50-0.50
UAEUAE 21050.
PakistanKSE 32066.670.000.001.00-1.00
IndiaNSE 110100.
BangladeshDSE 31033.330.000.001.00-1.00
TurkeyBIST 110100.
USWARRANTS 331100.0033.331.674.67-3.00
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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