BEARISH MEETING LINE
The chart showing Series 1 series.
To evaluate the performance of the pattern in your stock exchange within the context of other global markets, please refer to the table below. Locate your stock market to see its ranking among others. This will provide insights into the pattern’s strength and reliability, aiding you in your buying and selling decisions.
BEARISH MEETING LINE
Definition
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, whereas the second day of the Bearish Meeting Line closes at the same level 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 currently defined by a dominant upward trend.
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 identical or nearly identical on both days.
Pattern Requirements and Flexibility
The Bearish Meeting Line consists of two candlesticks: first, a white candlestick, followed by a black candlestick, both of which are 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 forms, further supporting the trend. The next day opens sharply higher, boosting the bulls’ confidence. However, the bears counterattack, pushing prices down 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 determined by the last close. For confirmation, prices should fall below this level.

The stop-loss level is defined as the last high. If, following the bearish signal, prices rise instead of falling and either close or make two consecutive daily highs above the stop-loss level, without detecting any bullish pattern, the stop-loss is triggered.
Title
Pattern Performance in Stock Exchanges since 1/1/2022
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
CanadaCSE 1751307674.8658.027.953.164.79
JapanNSE 75482964.0060.424.460.483.98
USOTC MARKETS 57484016223972.9153.426.222.583.63
South KoreaKOSDAQ 55733863233370.6159.294.481.243.24
CanadaTSXV 75154630773.7755.425.902.733.17
BangladeshDSE 101876345776.4258.744.021.132.89
BelgiumBRUSSELS 2491679067.4753.573.810.972.84
USNASDAQ 97356656357669.9852.494.491.702.79
PortugalLISBON 78472160.2644.683.430.752.68
Hong KongHKEX 50083480192070.7754.184.161.512.66
IndonesiaIDX 114682244272.4353.254.061.482.58
ChinaSZSE 62614180248267.8558.433.621.062.56
SwedenOMX STOCKHOLM 2127145884369.8256.774.081.662.43
NorwayOSE 95464136869.1855.764.141.752.38
Poland GPW 96770139573.4255.633.771.392.38
IsraelTASE 1986135376169.6455.033.331.122.21
TurkeyBIST 134093051770.6054.653.901.702.20
UAEDFM-ADX 1421005271.1351.493.301.112.19
Vietnam HNX 40828516470.5956.943.561.372.19
KuwaitBOURSA KUWAIT 28519911371.2355.673.251.072.18
ChinaSSE 53173592207168.5756.803.150.992.16
PhilippinesPSE 46532617970.7554.413.281.162.12
TaiwanTPEx 39472692153469.3756.032.990.982.01
MexicoBMV 50935118169.9450.843.391.471.93
DenmarkOMX COPENHAGEN 36023311265.8347.263.061.131.93
ThailandSET 31622083105666.4850.243.201.291.91
ChileBCS 2381387261.3449.322.900.991.91
Vietnam HOSE 2083142477469.1853.713.021.151.87
The WorldWORLD MARKETS 1752161184226273069.5351.493.121.291.83
QatarQE 1441005169.4451.002.610.811.80
MalaysiaBURSA MALAYSIA 1588106954767.7050.883.251.451.79
FrancePARIS 2215147974968.7149.212.781.001.78
EgyptEGX 124981142965.8152.193.501.741.76
South KoreaKRX 57783764205166.3653.502.761.021.74
Saudi ArabiaTADAWUL 80555732269.8157.302.751.031.71
Austria WIENERBÖRSE 48632116167.2849.242.861.191.67
IndiaNSE 82265946317773.8352.313.131.491.64
TaiwanTWSE 53153481186966.6852.742.520.881.64
IndiaBSE 1437710703581575.9153.283.361.731.63
PakistanPSX 131795252373.8053.813.091.591.51
BrazilBOVESPA 2110139770968.3949.132.511.081.43
Greece ATHEX 26819910475.3751.492.641.211.43
CanadaTSX 39102536121966.6246.792.681.251.43
JapanTSE 131128812461268.4351.402.471.091.39
SpainBME 44930915671.2748.752.741.361.38
UKLSE 87595890288369.7047.222.581.221.36
USAMEX 2262152571369.8145.162.521.201.32
SingaporeSGX 57937017364.7746.132.371.101.28
AustraliaASX 35152309109267.3446.133.151.881.27
SwitzerlandSIX 1716114152868.8844.672.050.791.26
ArgentinaBCBA 75949724067.1947.062.911.681.23
USNYSE 138159063442367.3147.562.161.031.13
ItalyMILAN 38232521117968.2245.212.121.091.03
GermanyXETRA 75964987235167.7245.701.920.930.98
NetherlandsAMSTERDAM 108070432667.4144.781.831.020.82
JordanASE 38281076.3234.481.680.920.75
JapanFSE 2012460.0033.330.331.86-1.54
Patterns Total: The number of occurrences of this particular pattern during the specified period.
Confirmed Total: The number of detected patterns that were confirmed and converted into signals.
Profitable Signals: The number of confirmed patterns that resulted in profitable trades.
Confirmation %: The percentage of confirmed patterns relative to the total occurrences of this pattern.
Profitable Signal %: The percentage of successful confirmed patterns relative to the total confirmed patterns.
Per Trade Profit %: Total Profits divided by Total Trades.
Per Trade Loss %: Total Losses divided by Total Trades.
Per Trade Net%: (Total Profits minus Total Losses) divided by the Total Number of Trades.
Samples: Live sample ticker symbols from stock exchanges, with links to the related bulls.com© family websites’ stock pages.

Disclaimers:

Government regulations require disclosure of the fact that while these methods may have worked in the past, past results are not necessarily indicative of future results. While there is a potential for profits there is also a risk of loss. There is substantial risk in security trading. Losses incurred in connection with trading stocks or futures contracts can be significant. You should therefore carefully consider whether such trading is suitable for you in the light of your financial condition since all speculative trading is inherently risky and should only be undertaken by individuals with adequate risk capital. Neither Americanbulls.com LLC, nor Candlesticker.com makes any claims whatsoever regarding past or future performance. All examples, charts, histories, tables, commentaries, or recommendations are for educational or informational purposes only.

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