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 1/1/2018
Stock Exchange 
Per Trade 
Total Net% Descending
USOTCBB 111100.00100.0011.000.0011.00
USWARRANTS 63442068.2546.518.844.424.42
CanadaCSE 123935175.6154.847.443.723.72
JapanSAPPORO 96566.6783.333.670.333.33
Vietnam HNX 29821213371.1462.744.161.003.16
NorwayOSE 54436620967.2857.104.631.533.10
USOTC PINK 43473160174172.7255.
South KoreaKOSDAQ 49683461206269.7159.544.151.212.94
Poland GPW 86763737973.4759.504.001.212.79
PakistanKSE 100375744175.4758.264.131.442.68
JapanNAGOYA 81582971.6050.003.450.882.57
ChileBCS 67402859.7070.003.150.652.50
Hong KongHKEX 45253225172771.2753.553.881.382.50
ChinaSZSE 32542256133369.3359.093.661.192.48
IsraelTASE 120882345368.1355.043.451.002.45
BelgiumBRUSSELS 2231668374.4450.003.430.992.44
UAEUAE 88583065.9151.723.501.092.41
IndiaNSE 58574268236172.8755.323.861.452.41
IndiaBSE 83106152343074.0355.753.961.602.35
DenmarkCOPENHAGEN 2631769766.9255.113.020.752.27
USNASDAQ 69494809253169.2052.633.741.502.24
SwedenSTOCKHOLM 1645113663469.3655.573.611.392.22
ArgentinaBUE 40627615667.9856.523.991.772.22
BangladeshDSE 77557832974.5856.923.211.022.19
TaiwanGTSM 28282039116372.1057.
ChinaSSE 2341157590967.2857.713.080.982.10
PhilippinesPSE 43731417571.8555.733.171.082.09
IndonesiaIDX 82758730470.9851.793.651.612.04
South KoreaKRX 43552968167268.2456.
MexicoBMV 44031716972.0553.313.211.202.01
Saudi ArabiaTADAWUL 49332719266.3358.723.201.192.01
Poland GPW 111100.00100.
TurkeyBIST 120081543967.9253.873.431.441.99
CanadaTSX-V 53038920573.4052.705.483.501.98
The World 124686864274577769.3452.953.171.281.89
BrazilBOVESPA 91662632568.3451.923.041.181.86
MalaysiaBURSA 1972134474168.1555.133.201.381.82
PortugalLISBON 66542781.8250.002.780.981.80
KuwaitKSE 112683860.7155.883.591.901.69
USAMEX 133090846168.2750.772.911.241.67
Vietnam HOSE 116381344269.9154.372.771.161.60
UKLSE 64594265211866.0949.612.611.021.59
FrancePARIS 1876129468068.9852.552.581.031.55
ThailandSET 2614173381966.3047.262.751.201.55
CanadaTSX 3032199296365.7048.342.701.171.53
JapanTOKYO 106697365383669.0352.082.731.211.52
ArgentinaBUE 32266.67100.001.500.001.50
SingaporeSGX 58036817963.4548.642.470.981.50
SpainIBEX 36824912467.6649.802.691.211.48
TaiwanTWSE 38052598136568.2852.542.300.881.42
QatarQE 99724172.7356.942.290.881.42
ItalyBORSA 2510171881268.4547.262.250.911.34
OmanMSM 64452073.4442.552.721.401.32
AustraliaASX 2416166375768.8345.523.231.931.30
JordanASE 64482075.0041.672.271.001.27
RussiaMICEX 60144722774.3850.782.301.121.18
EgyptEGX 90164931972.0349.153.061.911.15
USNYSE 90076100295767.7748.442.161.021.14
Greece ATHENS 1651115267.2746.852.551.461.09
PhilippinesPSE 32166.6750.
NorwayOSE 221100.0050.
GermanyXETRA 40892743133367.1848.531.940.941.00
NetherlandsAMSTERDAM 66843121464.5249.651.690.710.98
BangladeshDSE 119681.8266.671.000.110.89
SwitzerlandSIX 104270932868.0446.261.430.810.62
USPREFERRED 82653422564.6542.131.210.620.59
Austria WIENERBORSE 142854059.8647.061.991.790.20
USFOREX 85262.5040.000.400.200.20
ThailandSET 31033.330.
TaiwanGTSM 1000.
UKLSE 111100.00100.
South KoreaKOSDAQ 1000.
MexicoBMV 1000.
SingaporeSGX 111100.00100.
MalaysiaBURSA 32266.67100.
IndonesiaIDX 85262.5040.000.600.600.00
ChileBCS 1000.
CanadaTSX 21050.
SwitzerlandSIX 21150.00100.
AustraliaASX 54280.0050.
ChinaSSE 63150.0033.330.330.67-0.33
JapanFUKUOKA 1713576.4738.461.081.46-0.38
Vietnam HOSE 42150.0050.000.000.50-0.50
UAEUAE 21050.
PortugalLISBON 110100.
PakistanKSE 42050.
SpainIBEX 110100.
IndiaNSE 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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