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 1/1/2018
Stock Exchange 
Per Trade 
Total Net% Descending
USOTCBB 111100.00100.0011.000.0011.00
USWARRANTS 76532769.7450.948.873.924.94
CanadaCSE 125965676.8058.337.763.594.17
JapanSAPPORO 96566.6783.333.670.333.33
NorwayOSE 57739222567.9457.404.641.493.15
USOTC PINK 45863344183573.1854.686.243.123.12
Vietnam HNX 31222514172.1262.674.101.023.08
South KoreaKOSDAQ 51803616213669.9658.944.091.242.84
Poland GPW 89565839073.5259.
PakistanKSE 102577445675.5158.914.201.432.78
JapanNAGOYA 85593169.4152.543.390.862.53
ChinaSZSE 33912362141069.6559.703.661.172.49
IndiaNSE 61494477249772.8755.723.901.422.47
Hong KongHKEX 47273366180871.2153.713.841.382.46
ChileBCS 78483261.5466.673.150.712.44
USNASDAQ 73335090271369.4553.273.871.462.41
BelgiumBRUSSELS 2381778974.3750.283.350.982.37
PhilippinesPSE 46633618972.1056.253.411.062.35
IsraelTASE 129187347667.7054.463.381.032.34
UAEUAE 95623265.2651.613.441.102.34
IndiaBSE 87236461359474.1155.593.921.622.31
DenmarkCOPENHAGEN 27719110368.9553.933.020.762.25
ArgentinaBUE 43829516967.3557.293.941.712.23
SwedenSTOCKHOLM 1712118767169.3356.533.611.412.20
CanadaTSX-V 56742122474.2553.215.563.392.17
TaiwanGTSM 29682154122072.5756.643.191.062.13
MexicoBMV 47133818071.7653.
TurkeyBIST 121483244968.5353.973.551.452.10
ChinaSSE 2447165995667.8057.633.061.002.06
BangladeshDSE 83261134373.4456.
Poland GPW 111100.00100.
Saudi ArabiaTADAWUL 51434419866.9357.563.141.211.94
South KoreaKRX 45873122173368.0655.512.981.051.93
The World 130743906384801469.3752.943.171.291.88
IndonesiaIDX 86261331571.1151.393.571.691.88
MalaysiaBURSA 2082142278568.3055.203.221.421.80
PortugalLISBON 70552878.5750.912.710.961.75
BrazilBOVESPA 99568235168.8451.242.911.211.69
Vietnam HOSE 122586147370.2954.942.801.141.66
JordanASE 69512373.9145.102.510.901.61
USAMEX 140694547467.5749.892.801.201.60
FrancePARIS 1961135471869.0553.032.591.021.57
CanadaTSX 31652069100265.4048.412.701.151.55
JapanTOKYO 110727610398168.7352.312.711.201.51
ArgentinaBUE 32266.67100.001.500.001.50
SingaporeSGX 60537818462.4848.682.450.961.49
UKLSE 68134501220666.1148.982.531.041.49
TaiwanTWSE 40422746145067.9452.802.290.891.40
ThailandSET 2819184085965.2746.682.671.311.36
SpainIBEX 38226212868.5948.852.601.251.34
OmanMSM 64452073.4442.552.721.401.32
ItalyBORSA 2623180785768.8947.432.220.921.30
AustraliaASX 2557175380568.6745.843.221.921.30
QatarQE 109814774.3158.022.210.931.28
EgyptEGX 94067533071.8148.893.161.911.25
KuwaitKSE 123723858.5452.783.131.921.21
RussiaMICEX 63647523474.6949.
USNYSE 95396427308267.4047.942.131.021.11
Greece ATHENS 1771225868.9347.542.481.431.04
GermanyXETRA 42532859139967.2248.931.960.941.02
PhilippinesPSE 32166.6750.
NorwayOSE 221100.0050.
NetherlandsAMSTERDAM 69445522665.5649.671.640.690.95
BangladeshDSE 1210783.3370.
SwitzerlandSIX 109274235068.5046.791.480.800.68
USPREFERRED 83054723265.9042.411.250.630.62
Austria WIENERBORSE 1661045062.6548.081.901.670.23
USFOREX 85262.5040.000.400.200.20
South KoreaKOSDAQ 1000.
MexicoBMV 1000.
SingaporeSGX 111100.00100.
MalaysiaBURSA 42250.00100.
IndonesiaIDX 85262.5040.000.600.600.00
ChileBCS 1000.
CanadaTSX 21050.
SwitzerlandSIX 21150.00100.
AustraliaASX 54280.0050.
ThailandSET 31033.330.
TaiwanGTSM 1000.
UKLSE 111100.00100.
ChinaSSE 63150.0033.330.330.67-0.33
JapanFUKUOKA 1612475.0033.331.171.58-0.42
Vietnam HOSE 42150.0050.000.000.50-0.50
UAEUAE 21050.
PortugalLISBON 110100.
PakistanKSE 42050.
SpainIBEX 110100.
IndiaNSE 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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