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 54472587.0453.
CanadaTSX-V 31122813073.6356.775.762.083.68
Vietnam HNX 22215710470.7266.244.320.863.46
USOTC PINK 2335171094673.5855.066.222.813.41
JapanSAPPORO 96566.6783.333.670.333.33
PakistanKSE 64850230977.4761.554.431.323.11
Poland GPW 48435422173.5562.084.030.933.10
South KoreaKOSDAQ 30822183133170.9060.924.021.192.83
BelgiumBRUSSELS 120934977.5052.693.470.802.68
IndiaNSE 36192704156074.7757.653.931.252.68
ArgentinaBUE 2181558971.1057.423.801.202.60
TurkeyBIST 68046927868.9759.283.631.092.54
IndiaBSE 55584184238775.2857.054.001.472.53
IsraelTASE 68047526969.8556.633.360.852.51
JapanNAGOYA 63442269.8450.003.300.892.41
Hong KongHKEX 27922029110672.7854.433.661.282.38
USNASDAQ 37342624140070.6553.073.601.252.35
ChinaSZSE 1672120868372.2556.543.541.202.35
SwedenSTOCKHOLM 98768939169.8156.753.521.192.32
PhilippinesPSE 25418410872.4458.703.040.732.32
MalaysiaBURSA 100270040269.8657.433.161.032.13
TaiwanGTSM 1785134678075.4157.953.080.982.11
Saudi ArabiaTADAWUL 23616610070.3460.243.010.912.10
Poland GPW 111100.00100.
UAEUAE 58352260.3462.862.830.832.00
IndonesiaIDX 48935118871.7853.563.311.351.96
The World 71070501112710470.5854.
FrancePARIS 97868738770.2556.332.610.671.93
South KoreaKRX 25901805102969.6957.012.860.931.93
ChinaSSE 114978943868.6755.512.861.061.80
DenmarkCOPENHAGEN 142965567.6157.292.410.641.77
MexicoBMV 2411749472.2054.022.660.901.76
NorwayOSE 30420811068.4252.883.461.711.75
USAMEX 69148527470.1956.492.931.221.71
QatarQE 58442475.8654.552.660.951.70
Vietnam HOSE 68749327671.7655.982.811.121.70
OmanMSM 37291178.3837.933.001.341.66
BangladeshDSE 50136621073.0557.382.520.921.60
RussiaMICEX 30823312477.2752.102.390.801.59
BrazilBOVESPA 49334616770.5947.992.731.161.57
ArgentinaBUE 222100.00100.001.500.001.50
ThailandSET 144599146068.5846.422.511.061.45
CanadaTSX 1633110154167.4249.142.370.941.43
AustraliaASX 125888342570.2748.083.071.651.42
TaiwanTWSE 2303165689271.9153.862.240.821.42
UKLSE 36802405119965.4149.812.330.931.40
JapanTOKYO 67114691245969.9052.422.541.151.38
SingaporeSGX 3161949361.3947.942.250.871.38
ItalyBORSA 1508101147967.0447.382.160.871.29
PortugalLISBON 43351781.4048.572.200.911.29
JordanASE 60462176.6745.652.931.651.28
SpainIBEX 2421647267.7743.902.501.371.13
JapanFUKUOKA 118372.7337.501.630.501.13
USNYSE 50133418167268.2048.901.990.891.10
GermanyXETRA 2170146174967.4251.201.850.801.05
EgyptEGX 56540720572.0450.373.001.981.02
PhilippinesPSE 32166.6750.
NorwayOSE 221100.0050.
Austria WIENERBORSE 88663575.0053.031.971.000.97
SwitzerlandSIX 56135618863.4652.811.620.650.97
NetherlandsAMSTERDAM 36123612165.3751.271.440.510.93
KuwaitKSE 67381956.7250.002.972.050.92
ChileBCS 119581.8255.561.780.890.89
USPREFERRED 47230114063.7746.511.090.410.67
Greece ATHENS 104673264.4247.762.271.670.60
USFOREX 43175.0033.330.330.000.33
South KoreaKOSDAQ 1000.
MalaysiaBURSA 1000.
MexicoBMV 1000.
ThailandSET 1000.
AustraliaASX 43175.0033.330.330.330.00
CanadaTSX 1000.
IndonesiaIDX 65283.3340.000.600.600.00
TaiwanGTSM 1000.
UKLSE 111100.00100.
BangladeshDSE 75371.4360.000.000.20-0.20
ChinaSSE 53160.0033.330.330.67-0.33
Vietnam HOSE 32166.6750.000.000.50-0.50
UAEUAE 21050.
PortugalLISBON 110100.
PakistanKSE 32066.670.000.001.00-1.00
SpainIBEX 110100.
IndiaNSE 110100.
TurkeyBIST 110100.
USWARRANTS 441100.0025.001.254.50-3.25
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


Government regulations require disclosure of the fact that while these methods may have worked in the past, past results are not necessarily indicative of future results. While there is a potential for profits there is also a risk of loss. There is substantial risk in security trading. Losses incurred in connection with trading stocks or futures contracts can be significant. You should therefore carefully consider whether such trading is suitable for you in the light of your financial condition since all speculative trading is inherently risky and should only be undertaken by individuals with adequate risk capital. Neither LLC, nor makes any claims whatsoever regarding past or future performance. All examples, charts, histories, tables, commentaries, or recommendations are for educational or informational purposes only. is an independent and free website and all the Services provided by LLC at are completely free of charge. LLC does not receive compensation by any direct or indirect means from the visitors and users of this website (or of any other© family websites), and from the stocks, securities and other institutions or any underwriters or dealers associated with the broader national or international forex, commodity and stock markets.

You agree that and LLC its parent company, subsidiaries, affiliates, officers and employees shall not be liable for any direct, indirect, incidental, special or consequential damages.