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 1/1/2020
Stock Exchange 
Per Trade 
Total Net% Descending
USOTCBB 111100.00100.0011.000.0011.00
JapanSAPPORO 96566.6783.333.670.333.33
Poland GPW 111100.00100.
ArgentinaBUE 32266.67100.001.500.001.50
OmanMSM 64452073.4442.552.721.401.32
UKLSE 222100.00100.
PhilippinesPSE 42150.0050.
NorwayOSE 221100.0050.
BangladeshDSE 1612875.0066.670.920.250.67
DenmarkCOPENHAGEN 3432165.010.450.120.000.12
BangladeshDSE 9416373.750.430.070.010.06
USAMEX 17502266.860.
The World 146587127072969.330.720.040.010.03
NorwayOSE 8003370.000.540.030.000.03
PakistanKSE 8891175.
EgyptEGX 11694368.010.380.010.000.01
PhilippinesPSE 4793171.610.
TaiwanGTSM 31205570.740.
Hong KongHKEX 45812171.750.
USOTC PINK 39501172.960.
IsraelTASE 15202169.470.
South KoreaKRX 47461167.970.
ItalyBORSA 31713169.500.
QatarQE 1211176.861.
ChinaSSE 38262168.370.
AustraliaASX 33282267.430.
FrancePARIS 21923168.610.
ThailandSET 31592165.
South KoreaKOSDAQ 49731170.
IndiaBSE 102351175.560.
Vietnam HNX 3400070.880.
USNYSE 118990066.330.
USNASDAQ 81990070.
USFOREX 126250.0033.330.330.330.00
TaiwanTWSE 40850066.630.
TaiwanGTSM 1000.
UKLSE 77560068.
ThailandSET 31033.330.
Poland GPW 8670073.
SingaporeSGX 111100.00100.
SwedenSTOCKHOLM 18900068.470.
KuwaitKSE 1980065.
MalaysiaBURSA 16980069.320.
MexicoBMV 5350071.590.
MexicoBMV 1000.
UAEUAE 1120068.750.
Saudi ArabiaTADAWUL 6400069.
South KoreaKOSDAQ 1000.
JapanTOKYO 110230069.760.
JordanASE 570071.930.
ArgentinaBUE 6920063.580.
Austria WIENERBORSE 2780067.990.
CanadaTSX 21050.
CanadaCSE 1910075.920.
CanadaTSX-V 7140073.950.
BrazilBOVESPA 14200069.860.
BelgiumBRUSSELS 2630071.480.
ChileBCS 1000.
ChileBCS 1590060.380.
SwitzerlandSIX 13020068.890.
SwitzerlandSIX 21150.00100.
AustraliaASX 54280.0050.
GermanyXETRA 55910067.320.
ChinaSZSE 47760068.470.
SpainIBEX 4330071.590.
Greece ATHENS 2320077.
JapanNAGOYA 740067.570.
JapanFUKUOKA 170076.470.
IndonesiaIDX 9560070.610.
IndonesiaIDX 85262.5040.000.600.600.00
USPREFERRED 8871066.850.
IndiaNSE 68132073.
CanadaTSX 36295165.
TurkeyBIST 11831068.470.
NetherlandsAMSTERDAM 8354266.230.360.000.000.00
Vietnam HOSE 15951068.590.
RussiaMICEX 6592070.710.
SingaporeSGX 5741065.
PortugalLISBON 783170.511.820.060.11-0.05
ChinaSSE 106260.0033.330.500.67-0.17
Vietnam HOSE 53260.0066.670.000.33-0.33
MalaysiaBURSA 53260.0066.670.000.33-0.33
RussiaMICEX 551100.0020.000.200.60-0.40
SpainIBEX 110100.
IndiaNSE 110100.
UAEUAE 21050.
PortugalLISBON 110100.
PakistanKSE 53060.
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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