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 1/1/2015
Stock Exchange 
Per Trade 
Total Net% Descending
USOTCBB 111100.00100.0011.000.0011.00
CanadaCSE 40342185.0061.769.531.857.68
CanadaTSX-V 32422013567.9061.366.861.805.06
USOTC PINK 23951781100174.6156.026.682.544.14
ChinaSSE 111878444070.1356.124.701.293.41
Vietnam HNX 29621213371.6262.744.350.993.36
JapanSAPPORO 96566.6783.333.670.333.33
Poland GPW 55241224975.1860.004.331.123.21
ChinaSZSE 1768127473972.0658.014.501.343.16
Saudi ArabiaTADAWUL 40628217369.4661.353.980.943.04
USAMEX 61443925771.5058.544.341.313.03
South KoreaKOSDAQ 34302483150772.4560.644.241.223.02
ArgentinaBUE 2111528772.0457.
JordanASE 70502971.4358.
UAEUAE 66412762.1265.853.460.512.95
PhilippinesPSE 32123814274.1459.663.660.772.88
PakistanKSE 77255733272.1559.614.091.232.86
IsraelTASE 74453231571.5159.213.650.862.79
Hong KongHKEX 31422299127373.1755.374.221.482.74
DenmarkCOPENHAGEN 1931307867.3660.003.260.532.73
IndonesiaIDX 58942724372.5056.913.861.192.67
IndiaNSE 40733012173773.9557.673.891.292.60
TurkeyBIST 77251027966.0654.713.530.982.55
USNASDAQ 44683153171370.6654.263.751.222.53
TaiwanGTSM 2097156491174.5858.253.551.032.52
SwedenSTOCKHOLM 106074642570.3856.973.511.152.36
IndiaBSE 63474732267974.5556.614.001.662.34
South KoreaKRX 28192018118171.5958.523.250.962.29
JapanFUKUOKA 118572.7362.502.380.132.25
JapanNAGOYA 76532969.7454.722.850.602.25
The World 81354577233187771.0055.193.331.162.17
MalaysiaBURSA 103574142871.5957.763.281.122.15
BelgiumBRUSSELS 1531115272.5546.852.910.842.07
Vietnam HOSE 78656131171.3755.443.020.982.04
NorwayOSE 36324313667.4955.513.561.542.02
FrancePARIS 112281748472.9959.102.730.712.02
TaiwanTWSE 26061844101670.7655.102.790.792.00
Poland GPW 111100.00100.
BrazilBOVESPA 57541420372.0049.
EgyptEGX 70346725266.4353.963.331.541.79
CanadaTSX 1988137071468.9652.082.600.871.73
QatarQE 80533066.2556.602.751.081.68
OmanMSM 42311273.8138.712.841.191.65
UKLSE 42592872147367.4351.292.550.911.64
PortugalLISBON 44351779.5548.572.661.031.63
ItalyBORSA 1738122963070.7151.262.500.891.62
ThailandSET 1493104050169.6648.172.681.071.61
JapanTOKYO 85785930318169.1553.622.691.081.61
SingaporeSGX 47230715865.0451.472.741.171.57
BangladeshDSE 53838521671.5656.102.571.061.51
ArgentinaBUE 222100.00100.001.500.001.50
SpainIBEX 30322311273.6050.222.581.111.47
AustraliaASX 139198547870.8848.483.091.711.39
USNYSE 58483997206468.3551.642.210.841.37
KuwaitKSE 115743664.3548.652.911.641.27
GermanyXETRA 2418172293071.5153.792.040.781.27
USWARRANTS 1610762.5070.
RussiaMICEX 2631948975.2944.952.351.151.20
SwitzerlandSIX 59541623469.9256.251.770.621.15
ChileBCS 1614887.5057.141.710.571.14
NetherlandsAMSTERDAM 39127114169.3152.031.700.651.06
MexicoBMV 2631929773.0050.521.960.921.05
Austria WIENERBORSE 100663666.0054.552.091.061.03
PhilippinesPSE 32166.6750.
USPREFERRED 49532915966.4648.331.160.400.77
USFOREX 32166.6750.000.500.000.50
Greece ATHENS 86612970.9347.542.081.820.26
UKLSE 111100.00100.
South KoreaKOSDAQ 1000.
MexicoBMV 1000.
MalaysiaBURSA 1000.
NorwayOSE 110100.
TaiwanGTSM 1000.
ThailandSET 1000.
AustraliaASX 43175.0033.330.330.330.00
CanadaTSX 1000.
IndonesiaIDX 65283.3340.000.600.600.00
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.
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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