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 45382184.4455.268.973.135.84
CanadaTSX-V 30021612772.0058.806.161.974.19
USOTC PINK 1856136777074.0856.006.642.833.81
Vietnam HNX 21415210371.0367.764.490.783.72
JapanSAPPORO 96566.6783.333.670.333.33
Poland GPW 42430819373.1162.
South KoreaKOSDAQ 27261919116070.4360.424.081.172.91
PakistanKSE 60045727676.1760.394.171.272.90
OmanMSM 28221078.5745.453.951.092.86
UAEUAE 49281957.1467.863.290.462.82
JapanNAGOYA 56402171.4352.503.550.782.78
IsraelTASE 56840023070.4257.503.560.872.68
ChinaSZSE 119988853174.0659.803.671.062.61
ArgentinaBUE 1851317371.8954.893.791.232.56
TurkeyBIST 56839723369.8958.693.641.122.51
PhilippinesPSE 2121529071.7059.213.210.752.46
USAMEX 46033119171.9657.703.951.512.44
IndiaNSE 30992314132474.6757.223.711.272.44
USNASDAQ 31832245118070.7252.423.651.272.38
Hong KongHKEX 2363172995473.1755.183.641.282.36
IndiaBSE 49073685209175.1056.743.851.512.34
SwedenSTOCKHOLM 82258333670.9257.633.461.132.33
Saudi ArabiaTADAWUL 2101469269.5263.013.290.972.33
TaiwanGTSM 1534115867975.4958.643.240.982.26
JordanASE 47351874.4751.433.461.292.17
MalaysiaBURSA 81456333069.1658.613.131.002.13
IndonesiaIDX 41630316572.8454.463.421.352.07
BelgiumBRUSSELS 98774178.5753.252.870.822.05
Poland GPW 111100.00100.
The World 60137424952321270.7254.583.161.161.99
South KoreaKRX 2160149985869.4057.242.930.931.99
DenmarkCOPENHAGEN 115764166.0953.952.610.621.99
ChinaSSE 80555631069.0755.762.930.951.99
Vietnam HOSE 59242924272.4756.412.981.011.97
QatarQE 47352074.4757.142.941.001.94
FrancePARIS 81258033171.6756.872.580.691.89
RussiaMICEX 25318910375.8953.652.630.761.88
JapanFUKUOKA 86375.0050.002.170.331.83
ThailandSET 122685541369.7448.302.671.021.65
BrazilBOVESPA 42830614471.5047.062.731.141.59
SingaporeSGX 2691688062.4547.622.540.961.57
CanadaTSX 135790346066.6250.882.500.941.56
TaiwanTWSE 1984142979672.0355.702.340.811.53
BangladeshDSE 41929717070.8857.242.440.931.51
ChileBCS 108580.0062.502.000.501.50
ArgentinaBUE 222100.00100.001.500.001.50
UKLSE 31102039103465.5650.712.370.921.45
JapanTOKYO 57893999211469.1152.842.571.141.43
SpainIBEX 2091456369.3843.452.811.391.42
PortugalLISBON 38301678.9553.332.230.871.37
AustraliaASX 107576335771.0746.733.151.791.36
ItalyBORSA 128087842068.5947.842.220.881.34
USNYSE 41332823140968.3049.912.110.881.23
GermanyXETRA 1827126367069.2952.921.950.771.18
MexicoBMV 2091507571.7750.002.150.981.17
KuwaitKSE 59351859.3251.432.941.801.14
NorwayOSE 2571668564.9850.903.061.931.13
SwitzerlandSIX 47631117465.3455.951.680.601.08
NetherlandsAMSTERDAM 30320210566.6751.981.540.521.02
PhilippinesPSE 32166.6750.
EgyptEGX 48934517170.5549.572.861.920.94
USPREFERRED 35823511665.6449.361.270.420.85
Greece ATHENS 94643368.0951.562.411.660.75
Austria WIENERBORSE 57421873.6842.861.901.310.60
USFOREX 32166.6750.000.500.000.50
USWARRANTS 84250.0050.004.504.000.50
MexicoBMV 1000.
MalaysiaBURSA 1000.
South KoreaKOSDAQ 1000.
ThailandSET 1000.
NorwayOSE 110100.
IndonesiaIDX 65283.3340.000.600.600.00
CanadaTSX 1000.
AustraliaASX 43175.0033.330.330.330.00
TaiwanGTSM 1000.
UKLSE 111100.00100.
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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