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
USOTCBB 111100.00100.0011.000.0011.00
CanadaCSE 100794679.0058.
USOTC PINK 45203249180472.9054.756.312.793.52
JapanSAPPORO 96566.6783.333.670.333.33
NorwayOSE 58039822868.6257.294.641.413.23
Poland GPW 92969641774.9259.914.381.173.21
CanadaTSX-V 52137220871.4055.916.103.023.07
South KoreaKOSDAQ 54643834227270.1759.
ChinaSSE 2391162392567.8856.993.911.172.74
ChinaSZSE 35152459140469.9657.104.091.372.72
PakistanKSE 110780647272.8158.564.151.432.72
IndonesiaIDX 94867236870.8954.763.931.222.71
Vietnam HNX 34824714970.9860.323.851.152.70
Hong KongHKEX 48873488185971.4153.274.131.482.65
IndiaNSE 64074696264673.3656.304.041.412.63
IsraelTASE 125585448468.0556.673.610.982.62
Saudi ArabiaTADAWUL 65043925667.5458.313.731.152.58
DenmarkCOPENHAGEN 32321412566.2558.413.220.652.57
USNASDAQ 74865191278769.3653.683.851.362.48
IndiaBSE 91686814383474.3756.234.081.662.42
UAEUAE 104663463.4651.523.381.092.29
TaiwanGTSM 32512356134272.4756.963.351.092.26
SwedenSTOCKHOLM 1774123368669.5055.643.631.392.24
JordanASE 81593072.8450.853.170.972.20
ArgentinaBUE 40627815368.4755.044.091.912.18
South KoreaKRX 46583234184569.6456.873.181.042.13
PhilippinesPSE 50537120473.4754.993.131.002.13
TurkeyBIST 133188546466.4952.433.441.312.13
BrazilBOVESPA 100369636869.5952.723.241.182.07
The World 135511942435046669.6353.493.301.252.05
Poland GPW 111100.00100.
PortugalLISBON 71542776.0650.002.960.981.98
BelgiumBRUSSELS 2621857870.6142.
BangladeshDSE 85763535674.1056.
MexicoBMV 46634018172.9653.242.940.981.95
MalaysiaBURSA 2041141577369.3354.633.271.411.86
USAMEX 138393148467.3251.993.091.241.85
JapanNAGOYA 97673469.0750.752.570.761.81
Vietnam HOSE 125888849870.5956.082.871.091.79
FrancePARIS 1979139275170.4453.872.730.961.77
UKLSE 71204676238165.8650.782.670.961.71
TaiwanTWSE 42732924152868.4352.262.580.871.70
USWARRANTS 3723962.1639.136.915.221.70
JapanTOKYO 131049069481669.2153.102.821.151.68
ThailandSET 2639174782366.2847.062.841.171.67
CanadaTSX 33612248111666.8849.642.721.091.63
SpainIBEX 44631816271.3050.942.751.131.62
ItalyBORSA 2739188293669.1549.422.480.871.61
SingaporeSGX 73446823463.7650.002.601.011.59
EgyptEGX 107274539369.5052.753.211.621.59
ArgentinaBUE 32266.67100.001.500.001.50
KuwaitKSE 149975065.1051.553.091.671.42
ChileBCS 61422568.8559.522.000.621.38
OmanMSM 64452073.4442.552.721.401.32
USNYSE 100746797333167.5148.982.260.971.28
AustraliaASX 2551176781369.3545.963.071.841.23
GermanyXETRA 42412871143567.7749.932.110.931.18
QatarQE 136945269.1255.322.120.961.16
BangladeshDSE 119681.8266.671.220.111.11
RussiaMICEX 54140019073.9447.502.351.301.05
NetherlandsAMSTERDAM 67445422767.3650.001.770.741.03
PhilippinesPSE 32166.6750.
NorwayOSE 221100.0050.
SwitzerlandSIX 105471235167.5549.301.630.790.84
Greece ATHENS 141954467.3846.322.812.070.74
USPREFERRED 91358625564.1843.521.240.550.69
Austria WIENERBORSE 120743761.6750.002.041.590.45
JapanFUKUOKA 1914673.6842.861.571.290.29
USFOREX 85262.5040.000.400.200.20
South KoreaKOSDAQ 1000.
MexicoBMV 1000.
MalaysiaBURSA 32266.67100.
SingaporeSGX 111100.00100.
ThailandSET 31033.330.
CanadaTSX 21050.
SwitzerlandSIX 1000.
AustraliaASX 54280.0050.
ChileBCS 1000.
IndonesiaIDX 85262.5040.000.600.600.00
TaiwanGTSM 1000.
UKLSE 111100.00100.
ChinaSSE 63150.0033.330.330.67-0.33
Vietnam HOSE 42150.0050.000.000.50-0.50
UAEUAE 21050.
PortugalLISBON 110100.
PakistanKSE 42050.
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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