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 98488.8950.0014.882.5012.38
USOTCBB 111100.00100.0011.000.0011.00
CanadaCSE 76603780.2660.668.302.645.66
CanadaTSX-V 40529017271.6059.316.602.783.82
USOTC PINK 35032558143073.9155.236.452.653.81
Poland GPW 70552833074.8962.504.560.913.65
JapanSAPPORO 96566.6783.333.670.333.33
South KoreaKOSDAQ 45393226194771.1460.304.511.243.27
UAEUAE 79503063.2960.004.080.863.22
NorwayOSE 48432619067.3658.284.571.403.17
Saudi ArabiaTADAWUL 50535622070.5061.804.010.863.14
PakistanKSE 96470841973.4459.184.421.313.11
IndonesiaIDX 75154130672.0456.564.301.203.10
IndiaNSE 52993932227574.3557.744.361.283.08
Vietnam HNX 30722213472.3160.364.001.132.87
ChinaSSE 1874128871868.7355.754.081.222.86
ChinaSZSE 28412005113670.5756.664.221.382.84
PhilippinesPSE 41730417672.9057.893.650.832.82
IndiaBSE 78985914339874.9257.434.341.572.78
Hong KongHKEX 42603071167972.0954.674.231.452.78
IsraelTASE 100469939869.6256.943.630.902.72
DenmarkCOPENHAGEN 27218610968.3858.603.320.622.70
TurkeyBIST 112473540065.4854.353.751.082.67
ArgentinaBUE 29320611670.3156.314.351.692.66
PortugalLISBON 57442277.1950.003.450.822.64
USNASDAQ 59904190224770.1053.513.891.262.63
SwedenSTOCKHOLM 143799756269.3856.373.821.222.60
BelgiumBRUSSELS 2181607273.3945.003.360.852.51
TaiwanGTSM 26991994115373.8857.823.521.022.50
BrazilBOVESPA 75252527669.8152.573.561.092.47
South KoreaKRX 38162706156570.9157.833.320.972.35
The World 110104773584220470.3354.503.481.162.31
USAMEX 105573340969.4855.803.491.192.30
MalaysiaBURSA 1471102457869.8856.
FrancePARIS 1538109061670.8756.512.860.752.11
Vietnam HOSE 102674343272.4258.
JordanASE 81593072.8450.853.121.102.02
ThailandSET 2004137566568.6148.363.061.052.01
TaiwanTWSE 34252425131370.8054.142.810.802.01
Poland GPW 111100.00100.
OmanMSM 61452073.7744.443.311.331.98
UKLSE 58663907202166.7251.642.850.901.94
JapanNAGOYA 90633270.0050.792.630.711.92
CanadaTSX 2705183292167.7350.272.810.891.92
SingaporeSGX 59437819263.6450.792.840.961.89
EgyptEGX 90262133968.8554.593.411.521.89
BangladeshDSE 80359933374.6055.593.031.161.87
JapanTOKYO 111887739416369.1753.792.921.081.84
ItalyBORSA 2259155479168.7950.902.600.821.79
AustraliaASX 1904133564970.1748.583.411.621.78
MexicoBMV 34225413274.2751.972.570.941.63
RussiaMICEX 42530914972.7148.222.661.041.62
ArgentinaBUE 222100.00100.001.500.001.50
USNYSE 80365469267668.0848.912.340.891.45
QatarQE 109764369.7256.582.390.951.45
Austria WIENERBORSE 1711126165.5054.462.210.771.45
GermanyXETRA 33832322120768.7351.912.230.791.44
KuwaitKSE 135884565.1951.143.071.681.39
NetherlandsAMSTERDAM 53036219168.3052.762.030.651.38
SpainIBEX 38928113872.2449.112.531.211.32
Greece ATHENS 120783965.0050.002.921.791.13
SwitzerlandSIX 83856528867.4250.971.710.691.02
PhilippinesPSE 32166.6750.
NorwayOSE 221100.0050.
USPREFERRED 70445720064.9143.761.290.450.84
BangladeshDSE 108580.0062.500.750.130.63
ChileBCS 34291785.2958.621.410.790.62
USFOREX 54280.0050.000.500.000.50
JapanFUKUOKA 1814677.7842.861.571.070.50
MexicoBMV 1000.
South KoreaKOSDAQ 1000.
MalaysiaBURSA 1000.
AustraliaASX 54280.0050.
CanadaTSX 21050.
SwitzerlandSIX 1000.
IndonesiaIDX 75271.4340.000.600.600.00
TaiwanGTSM 1000.
UKLSE 111100.00100.
ThailandSET 31033.330.
ChinaSSE 53160.0033.330.330.67-0.33
Vietnam HOSE 42150.0050.000.000.50-0.50
UAEUAE 21050.
PakistanKSE 42050.
PortugalLISBON 110100.
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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