Bearish Separating Lines

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Figure 1. Bearish Separating Lines pattern.

Figure 1. Bearish Separating Lines pattern.

Japanese name: iki chigai sen
Forecast: bearish continuation
Trend prior to the pattern: uptrend
Opposite pattern: Bullish Separating Lines

Construction:

  • First candle
    • a candle in a downtrend
    • white body
    • appears as a long line
  • Second candle
    • black body
    • the opening price is equal to the previous opening price

 

The Bearish Separating Lines is classified as a bearish continuation pattern. The first line is a white candle appearing as a long line in a downtrend. The second line is a candle of black body appearing as a long line. Both candles open at the same price level, and then the prices are separating.

The pattern appears very rarely on the candlestick charts.

 

Figure 2.

Figure 2. A Black Spinning Top basic candle confirms bearish forecast of a Bearish Separating Lines. A Bullish Belt Hold pattern appears, but the bears quickly retake control by forming an Opening Black Marubozu basic candle. In the future, it acts as a resistance zone what is visible on the chart.

 

Bearish Separating Lines statistics

Below you can find some Bearish Separating Lines pattern statistics calculated by CandleScanner software. To see more detailed statistics, for other markets and periodicity try our CandleScanner software. Prices start at only $10, and you can see more detailed statistics, for other markets and periodicity. Click here to find out more!

Pattern name: Bearish Separating Lines
Scanner settings: daily stocks
Group: S&P500
Number of symbols: 502
Date range: 7/1/1995 - 6/30/2015
Time interval: daily candles
Total number of candlesticks: 2,236,421
Number of occurrences (Bearish Separating Lines): 94
Number of occurrences (all candlestick patterns): 638,570
% of occurrences (Bearish Separating Lines): 0.01 %
Average frequency: 23,791.7
Efficiency statistics (5 candlesticks testing period)

Efficiency NO DATA FALSE LOW MEDIUM HIGH
Number of
Occurrences
0 22 21 15 36
% of
Occurrences
0.00 % 23.40 % 22.34 % 15.96 % 38.30 %

 

Efficiency statistics (10 candlesticks testing period)

Efficiency NO DATA FALSE LOW MEDIUM HIGH
Number of
Occurrences
0 22 18 11 43
% of
Occurrences
0.00 % 23.40 % 19.15 % 11.70 % 45.75 %

 

10 top best performing symbols

Occurrences Statistics 5 candlesticks testing period
(HIGH efficiency)
10 candlesticks testing period
(HIGH efficiency)
Symbol Number of
Occurrences
Average
Frequency
Number of
Occurrences
% of
Occurrences
Number of
Occurrences
% of
Occurrences
APH 1 5,032.0 1 100.00 % 1 100.00 %
CCI 1 4,244.0 1 100.00 % 1 100.00 %
CI 1 5,034.0 1 100.00 % 1 100.00 %
COP 1 5,034.0 0 0.00 % 1 100.00 %
DVN 1 5,034.0 1 100.00 % 1 100.00 %
EXC 1 5,034.0 0 0.00 % 1 100.00 %
FAST 2 2,517.0 2 100.00 % 2 100.00 %
FCX 2 2,515.0 2 100.00 % 2 100.00 %
FIS 1 3,528.0 0 0.00 % 1 100.00 %
FOXA 2 2,430.0 1 50.00 % 2 100.00 %

 

10 top worst performing symbols

Occurrences Statistics 5 candlesticks testing period
(FALSE efficiency)
10 candlesticks testing period
(FALSE efficiency)
Symbol Number of
Occurrences
Average
Frequency
Number of
Occurrences
% of
Occurrences
Number of
Occurrences
% of
Occurrences
INTC 1 5,034.0 1 100.00 % 1 100.00 %
JCI 1 5,034.0 1 100.00 % 1 100.00 %
MKC 2 2,517.0 2 100.00 % 2 100.00 %
PEG 1 5,034.0 1 100.00 % 1 100.00 %
PRGO 2 2,517.0 2 100.00 % 2 100.00 %
ROK 1 5,034.0 1 100.00 % 1 100.00 %
STI 1 5,034.0 1 100.00 % 1 100.00 %
TJX 1 5,034.0 1 100.00 % 1 100.00 %
TSCO 1 5,003.0 1 100.00 % 1 100.00 %
TSS 2 2,516.5 2 100.00 % 2 100.00 %
Pattern name: Bearish Separating Lines
Scanner settings: daily stocks
Group: S&P500
Number of symbols: 502
Date range: 7/1/2010 - 6/30/2015
Time interval: daily candles
Total number of candlesticks: 614,034
Number of occurrences (Bearish Separating Lines): 11
Number of occurrences (all candlestick patterns): 166,328
% of occurrences (Bearish Separating Lines): 0.01 %
Average frequency: 55,821.3
Efficiency statistics (5 candlesticks testing period)

Efficiency NO DATA FALSE LOW MEDIUM HIGH
Number of
Occurrences
0 1 4 1 5
% of
Occurrences
0.00 % 9.09 % 36.36 % 9.09 % 45.46 %

 

Efficiency statistics (10 candlesticks testing period)

Efficiency NO DATA FALSE LOW MEDIUM HIGH
Number of
Occurrences
0 1 3 1 6
% of
Occurrences
0.00 % 9.09 % 27.27 % 9.09 % 54.55 %

 

10 top best performing symbols

Occurrences Statistics 5 candlesticks testing period
(HIGH efficiency)
10 candlesticks testing period
(HIGH efficiency)
Symbol Number of
Occurrences
Average
Frequency
Number of
Occurrences
% of
Occurrences
Number of
Occurrences
% of
Occurrences
EMC 1 1,258.0 1 100.00 % 1 100.00 %
FOXA 1 1,258.0 0 0.00 % 1 100.00 %
GLW 1 1,258.0 1 100.00 % 1 100.00 %
JNPR 1 1,258.0 1 100.00 % 1 100.00 %

 

10 top worst performing symbols

Occurrences Statistics 5 candlesticks testing period
(FALSE efficiency)
10 candlesticks testing period
(FALSE efficiency)
Symbol Number of
Occurrences
Average
Frequency
Number of
Occurrences
% of
Occurrences
Number of
Occurrences
% of
Occurrences
L 2 629.0 1 50.00 % 1 50.00 %

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