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
CanadaCSE 2011559277.1159.357.803.244.56
NorwayOSE 95968139871.2258.274.691.263.43
Poland GPW 96570941873.4758.964.471.093.38
JapanSAPPORO 96566.6783.333.670.333.33
USOTC PINK 48303477191073.7953.595.862.613.25
CanadaTSX-V 74254829873.8554.386.133.053.08
South KoreaKOSDAQ 56523997235370.8858.744.281.302.99
TurkeyBIST 142696955267.9556.974.461.472.99
USNASDAQ 93446568356870.3454.284.611.652.96
SwedenSTOCKHOLM 2205152690169.3458.934.261.462.80
IndonesiaIDX 109677341970.5354.204.181.482.70
Hong KongHKEX 52093745205171.9154.754.161.532.64
IsraelTASE 1748120971369.2858.883.580.952.63
Vietnam HNX 39027815771.2856.474.141.522.62
PakistanKSE 105177945974.1258.924.111.572.54
ChileBCS 1821106960.4462.733.390.892.50
BelgiumBRUSSELS 28419910470.0752.263.440.942.50
ChinaSZSE 53523703215169.1958.093.631.152.48
KuwaitKSE 2261538767.7056.863.811.382.43
MexicoBMV 56340621272.1152.223.701.332.37
JapanNAGOYA 83573168.6754.393.160.832.34
BangladeshDSE 100975542674.8356.423.501.222.28
PortugalLISBON 92653270.6549.233.110.902.21
DenmarkCOPENHAGEN 38325613666.8453.
EgyptEGX 136792549967.6753.953.811.672.14
PhilippinesPSE 51737120771.7655.803.291.162.13
TaiwanGTSM 36192566145971.1256.683.121.022.10
ChinaSSE 43613040170969.7156.
Vietnam HOSE 1900132074269.4756.213.331.252.08
IndiaNSE 80225874318373.2454.183.531.472.06
IndiaBSE 125539461513375.3754.253.741.682.06
FrancePARIS 2458169191468.9653.922.970.912.05
South KoreaKRX 53833660205368.0356.
Poland GPW 111100.00100.
The World 1688581166116267869.8353.
Saudi ArabiaTADAWUL 74052330470.6858.132.870.951.92
MalaysiaBURSA 1837128368569.8453.393.351.431.92
QatarQE 1461035970.5557.282.590.701.88
ThailandSET 34822299113366.0349.282.941.211.73
BrazilBOVESPA 1699116361468.5752.702.871.191.68
UKLSE 90236214314568.8850.602.731.071.66
TaiwanTWSE 47963223170267.2052.812.500.891.61
JapanTOKYO 127688874478269.5053.892.691.101.59
AustraliaASX 37002500124167.5749.643.401.831.58
USAMEX 2047143370070.0048.852.771.221.55
CanadaTSX 41162709137365.8250.682.801.261.54
JapanTOKYO 222100.00100.001.500.001.50
ArgentinaBUE 32266.67100.001.500.001.50
Austria WIENERBORSE 45531716269.6751.102.701.231.46
SpainIBEX 49335318771.6052.972.561.101.46
Greece ATHENS 27020911077.4152.632.731.291.44
USNYSE 136299183463667.3850.482.361.001.35
OmanMSM 64452073.4442.552.721.401.32
ItalyBORSA 38692717136170.2250.092.210.911.30
JordanASE 62441970.9743.182.210.911.30
SwitzerlandSIX 1501105653570.3550.662.080.801.29
GermanyXETRA 66844566231968.3150.792.080.881.20
NetherlandsAMSTERDAM 100267634467.4750.892.020.831.19
SingaporeSGX 61940718465.7545.
ArgentinaBUE 101063030862.6748.663.142.061.08
PhilippinesPSE 42150.0050.
UKLSE 222100.00100.
NorwayOSE 331100.0033.330.670.000.67
UAEUAE 1401004571.4345.002.181.550.63
BangladeshDSE 2014970.0064.290.860.290.57
USFOREX 137253.8528.570.290.290.00
ThailandSET 31033.330.
TaiwanGTSM 1000.
SingaporeSGX 111100.00100.
RussiaMICEX 6540069.
IndonesiaIDX 85262.5040.000.600.600.00
ItalyBORSA 110100.
South KoreaKOSDAQ 1000.
MexicoBMV 1000.
FrancePARIS 110100.
Greece ATHENS 110100.
ChileBCS 1000.
CanadaTSX 21050.
SwitzerlandSIX 21150.00100.
Austria WIENERBORSE 110100.
AustraliaASX 54280.0050.
USPREFERRED 8871066.850.
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
IndiaNSE 110100.
SpainIBEX 110100.
UAEUAE 31033.330.000.001.00-1.00
PortugalLISBON 110100.
JapanFUKUOKA 1813472.2230.770.331.74-1.41
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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