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 1/1/2021
Stock Exchange 
Per Trade 
Total Net% Descending
USOTCBB 111100.00100.0011.000.0011.00
CanadaCSE 1901448775.7960.428.023.174.84
USOTC PINK 50203557197473.1353.775.962.543.42
JapanSAPPORO 96566.6783.333.670.333.33
CanadaTSX-V 74054128873.1153.236.102.923.18
South KoreaKOSDAQ 56704035238371.1659.064.331.313.02
USNASDAQ 96116763364770.4453.874.511.662.86
KuwaitKSE 2361589866.9562.033.771.062.70
Hong KongHKEX 50853653198071.8454.204.141.502.65
PakistanKSE 110481747074.0057.534.031.472.56
ChinaSZSE 54453796218769.7257.613.721.162.55
IsraelTASE 1832125172168.7257.273.551.032.53
MexicoBMV 55140521873.5053.833.781.302.48
JapanNAGOYA 81542966.6753.703.010.642.36
BangladeshDSE 93269639474.6856.613.571.262.31
PhilippinesPSE 50435820271.0356.423.391.122.27
EgyptEGX 138392349466.7453.523.841.652.19
ChinaSSE 45253144177269.4856.363.201.042.16
Vietnam HNX 39129115574.4253.263.581.582.00
Poland GPW 21150.00100.
TaiwanGTSM 36452565146870.5357.
ChileBCS 1911176961.2658.972.930.951.97
South KoreaKRX 54923741208268.1255.652.951.021.93
Vietnam HOSE 1971136675369.3055.
QatarQE 1561086469.2359.262.610.711.89
MalaysiaBURSA 1597111258869.6352.883.321.511.81
JapanTOKYO 133119235497369.3853.852.651.081.57
BrazilBOVESPA 1738119061468.4751.602.771.201.57
TaiwanTWSE 49373348175667.8152.452.440.891.56
JapanTOKYO 222100.00100.001.500.001.50
ArgentinaBUE 32266.67100.001.500.001.50
CanadaTSX 41882763138865.9750.242.731.241.49
AustraliaASX 36942473121066.9548.933.331.851.47
USAMEX 2078144969369.7347.832.611.231.38
OmanMSM 64452073.4442.552.721.401.32
ArgentinaBUE 115572036362.8650.003.281.991.29
The World 173273769704142869.7834.262.100.811.29
USNYSE 141849580475067.5449.582.261.001.26
SingaporeSGX 62040718265.6544.722.301.131.18
PhilippinesPSE 42150.0050.
UKLSE 222100.00100.
JordanASE 51391776.4743.591.880.900.98
NorwayOSE 331100.0033.330.670.000.67
BangladeshDSE 2014970.0064.290.860.290.57
DenmarkCOPENHAGEN 3682166.850.410.110.000.11
PortugalLISBON 1013167.331.470.050.030.02
ThailandSET 34963265.850.
ItalyBORSA 40163169.950.
FrancePARIS 24363168.970.
SingaporeSGX 111100.00100.
SwedenSTOCKHOLM 22410069.520.
SwedenSTOCKHOLM 1000.
RussiaMICEX 6540069.
ThailandSET 31033.330.
USFOREX 148257.1425.
UKLSE 93390068.920.
TaiwanGTSM 1000.
Poland GPW 9380073.990.
NorwayOSE 9500070.630.
MexicoBMV 1000.
UAEUAE 1450071.
Saudi ArabiaTADAWUL 7430070.660.
South KoreaKOSDAQ 1000.
CanadaTSX 21050.
ChileBCS 1000.
SwitzerlandSIX 15980069.960.
SwitzerlandSIX 21150.00100.
Austria WIENERBORSE 110100.
AustraliaASX 54280.0050.
BelgiumBRUSSELS 2840068.660.
GermanyXETRA 69540068.
FrancePARIS 110100.
SpainIBEX 5050070.890.
ItalyBORSA 110100.
IndiaBSE 133202175.
IndonesiaIDX 10760071.
IndonesiaIDX 85262.5040.000.600.600.00
Greece ATHENS 110100.
Greece ATHENS 2850075.790.
USPREFERRED 8871066.850.
IndiaNSE 84093073.530.
NetherlandsAMSTERDAM 10225367.610.430.000.000.00
TurkeyBIST 14441067.940.
Austria WIENERBORSE 4641067.890.
ChinaSSE 117363.6442.860.430.57-0.14
Vietnam HOSE 75371.4360.000.000.20-0.20
MalaysiaBURSA 53260.0066.670.000.33-0.33
PakistanKSE 75171.4320.000.801.20-0.40
RussiaMICEX 86175.0016.670.170.83-0.67
SpainIBEX 110100.
IndiaNSE 110100.
UAEUAE 31033.330.000.001.00-1.00
PortugalLISBON 110100.
JapanFUKUOKA 1611368.7527.270.321.52-1.20
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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