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Meeting Lines Bearish
Trend: Bearish
Reliability: Moderate
How to Identify it
- The first day is a long white day, and has a body that is above the previous trend
- The second day is a long black day, and has a body that is also above the previous trend.
- Both days have identical closes
What it Means
In an uptrend two days open above the previous trend. Even though the second day opens high, it rallies to close at the close of the previous day. This typically means a benchmark has be defined by traders, and a reversal is likely. The bearish Meeting Lines pattern is similar to, but less reliable than the Dark Cloud Cover pattern.
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