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 51442486.2754.558.733.275.45
CanadaTSX-V 32023013771.8859.576.021.924.10
USOTC PINK 2164159490073.7556.396.442.893.55
Vietnam HNX 22215810671.1767.094.280.813.47
JapanSAPPORO 96566.6783.333.670.333.33
Poland GPW 45833521073.5862.314.030.983.05
PakistanKSE 62848629777.3961.114.391.353.04
South KoreaKOSDAQ 29852103127870.5260.714.011.212.79
ArgentinaBUE 2001458372.5057.243.961.232.72
IsraelTASE 64545125869.9257.213.480.872.61
BelgiumBRUSSELS 111854676.5854.123.380.782.60
TurkeyBIST 62943826569.6360.503.681.082.60
IndiaNSE 34342563146774.6457.243.821.262.55
OmanMSM 32241075.0041.673.581.042.54
PhilippinesPSE 23616810071.1959.523.230.732.51
JapanNAGOYA 62432269.3551.163.370.882.49
UAEUAE 55332260.0066.673.000.522.48
IndiaBSE 53334006227175.1256.693.891.492.40
SwedenSTOCKHOLM 92264436769.8556.993.511.122.38
ChinaSZSE 1568113965172.6457.163.561.202.36
Hong KongHKEX 26801942105972.5754.453.661.292.36
USNASDAQ 35262474130870.3352.743.621.272.35
Saudi ArabiaTADAWUL 2211559670.1461.943.190.952.24
TaiwanGTSM 1700128575275.5958.523.170.982.19
MalaysiaBURSA 94565838669.6358.663.171.012.16
IndonesiaIDX 46533718072.4753.413.421.332.09
DenmarkCOPENHAGEN 130905069.2355.562.670.602.07
Poland GPW 111100.00100.
South KoreaKRX 2464170997669.3657.112.880.911.97
The World 67498475882581270.5454.
USAMEX 67447527470.4757.683.141.201.94
QatarQE 54402274.0755.002.900.981.93
FrancePARIS 93065836970.7556.082.580.681.90
ChinaSSE 105271539467.9755.102.881.071.81
Vietnam HOSE 65847326871.8856.662.881.121.76
BrazilBOVESPA 46933616371.6448.512.811.101.71
MexicoBMV 2331689172.1054.172.560.891.67
RussiaMICEX 27921010977.0650.702.450.811.63
ThailandSET 135493744669.2047.602.621.031.59
TaiwanTWSE 2207158787371.9155.012.360.811.55
BangladeshDSE 47835020173.2257.432.450.901.55
ChileBCS 118572.7362.502.000.501.50
ArgentinaBUE 222100.00100.001.500.001.50
PortugalLISBON 41331780.4951.522.330.851.48
CanadaTSX 1557104651667.1849.332.410.931.48
UKLSE 35132291114265.2149.852.360.941.42
JapanTOKYO 63744434231769.5652.262.551.161.38
SingaporeSGX 2961868862.8447.312.200.861.34
AustraliaASX 119783939870.1847.383.061.741.32
ItalyBORSA 142096445967.8947.612.170.861.30
NorwayOSE 29219710167.4751.273.091.791.29
JordanASE 56441978.5743.183.051.801.25
USNYSE 46763188158068.1849.562.060.871.20
SpainIBEX 2321596968.5343.402.531.361.16
JapanFUKUOKA 118372.7337.501.630.501.13
GermanyXETRA 2055139371367.8851.111.870.801.07
PhilippinesPSE 32166.6750.
NorwayOSE 221100.0050.
SwitzerlandSIX 53033617863.4052.981.640.660.99
KuwaitKSE 64381959.3850.
EgyptEGX 53838719071.9349.
NetherlandsAMSTERDAM 34422911766.5751.091.440.520.92
Austria WIENERBORSE 79592974.6849.151.901.070.83
Greece ATHENS 104693566.3550.722.281.580.70
USPREFERRED 43228113365.0547.331.080.410.67
USFOREX 43175.0033.330.330.000.33
CanadaTSX 1000.
AustraliaASX 43175.0033.330.330.330.00
IndonesiaIDX 65283.3340.000.600.600.00
SpainIBEX 1000.
MexicoBMV 1000.
MalaysiaBURSA 1000.
South KoreaKOSDAQ 1000.
PortugalLISBON 1000.
ThailandSET 1000.
TaiwanGTSM 1000.
UKLSE 111100.00100.
BangladeshDSE 53260.0066.670.000.33-0.33
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.
TurkeyBIST 110100.
USWARRANTS 442100.0050.001.504.00-2.50
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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