BEARISH MATCHING HIGH
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.
BEARISH MATCHING HIGH
Definition
This pattern occurs when two white days appear with equal closes in an uptrend. It indicates a top has been reached, even though the new high was tested and there was no follow through, which is indicative of a good resistance price.
Recognition Criteria
1. The market is characterized by a prevailing uptrend.
2. A white body is observed on the first day.
3. The second day follows with another white candlestick whose closing price is exactly equal to the closing price of the first day.
Pattern Requirements and Flexibility
The Bullish Matching High consists of two white candlesticks. The length of the first candlestick should be normal or long. Both candlesticks should close at the same level.
Trader’s Behavior
The market has been higher, as evidenced by another strong white day. The next day opens lower and trade still lower, and then it closes at the same price. This is indicative of short term resistance and will cause much concern with the bulls. The psychology of the market is not necessarily with the action behind the daily trading, but with the fact that both days close at the same level.
Sell/Stop Loss Levels
The confirmation level is defined as the midpoint of the first white body. Prices should cross below this level for confirmation.

The stop loss level is defined as the higher of the last two highs. 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.
Title
Pattern Performance in Stock Exchanges since 1/1/2014
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
Poland GPW 21150.00100.005.000.005.00
Saudi ArabiaTADAWUL 59272345.7685.195.000.154.85
USOTC PINK 151074641349.6755.076.022.353.68
USOTCBB 135238.4640.006.402.803.60
SpainIBEX 2371157648.5266.093.940.633.31
South KoreaKOSDAQ 157269942744.4761.093.890.883.01
OmanMSM 196531.5883.332.830.002.83
QatarQE 106523749.0671.153.120.312.81
Poland GPW 59623112238.9352.593.971.382.59
IndiaBSE 83835419442.2454.804.081.592.49
USAMEX 45021211847.1155.663.551.132.42
USNASDAQ 3200149884346.9156.163.120.862.25
TaiwanGTSM 119953029344.2055.282.950.742.21
ChinaSZSE 118353129044.8954.613.231.022.20
PortugalLISBON 52272051.9274.072.850.672.19
NorwayOSE 2731297447.2557.363.100.962.14
PakistanKSE 136613444.8555.743.211.112.10
DenmarkCOPENHAGEN 2411135946.8952.212.790.712.08
Hong KongHKEX 3987171681143.0447.263.401.461.95
South KoreaKRX 158271941345.4557.442.560.681.88
UKLSE 232388950138.2756.362.820.951.87
ChinaSSE 97547023748.2150.433.001.151.85
Greece ATHENS 184522328.2644.233.121.271.85
USNYSE 2948134974445.7955.112.300.591.70
EgyptEGX 2601216546.5453.723.121.491.64
IndonesiaIDX 58523711940.5150.212.811.211.60
PhilippinesPSE 3341427042.8148.952.430.831.60
ItalyBORSA 4781949840.5950.522.120.551.58
The World 52375235181178944.9450.092.711.141.57
ArgentinaBUE 76322142.1165.632.501.001.50
UKLSE 52240.00100.001.500.001.50
AustraliaASX 182390444549.6449.172.721.241.49
IsraelTASE 102442143.1447.732.591.141.45
IndiaNSE 50322310744.3347.983.572.131.44
JapanTOKYO 53272405121845.1550.642.370.941.43
CanadaTSX 197895548348.2850.582.461.041.42
CanadaTSX-V 63333817053.4050.304.302.961.34
TaiwanTWSE 186777841241.6752.961.940.601.34
BrazilBOVESPA 3211436645.4845.212.751.601.14
Vietnam HOSE 31133.33100.001.000.001.00
NetherlandsAMSTERDAM 103432141.7548.841.740.741.00
BrazilBOVESPA 111100.00100.001.000.001.00
CanadaCSE 3916541.0331.253.002.060.94
RussiaMICEX 2321195151.2942.862.171.240.93
GermanyXETRA 47524212151.3749.591.610.680.93
JapanNAGOYA 78331742.3151.521.730.820.91
FrancePARIS 72531414943.3147.451.931.030.90
ThailandSET 149567728045.2841.361.890.990.90
Vietnam HOSE 78134115943.6646.632.131.240.89
USWARRANTS 106560.0083.332.001.170.83
Austria WIENERBORSE 4112629.2750.001.420.750.67
SwedenSTOCKHOLM 83737416344.9243.351.981.320.66
USFOREX 45171137.7864.710.880.240.65
SwitzerlandSIX 55226411947.8345.081.220.680.54
KuwaitKSE 4402097447.5035.412.101.570.52
Vietnam HNX 4942349047.3738.462.501.980.52
BelgiumBRUSSELS 6621931.8242.861.330.860.48
USPREFERRED 49122710146.2344.490.680.220.46
TurkeyBIST 5532289041.2339.472.071.610.46
UAEUAE 156773549.3645.451.771.320.44
JordanASE 2991455548.4937.931.941.520.41
SingaporeSGX 109350718246.3935.901.791.410.37
MexicoBMV 57251343.8652.001.361.000.36
JapanFUKUOKA 123125.0033.331.331.000.33
MalaysiaBURSA 207791735744.1538.931.701.380.31
BangladeshDSE 94438913941.2135.731.591.570.02
TurkeyBIST 1000.000.000.000.000.00
MexicoBMV 1000.000.000.000.000.00
UAEUAE 126050.000.000.000.000.00
JapanSAPPORO 1000.000.000.000.000.00
PakistanKSE 2000.000.000.000.000.00
PhilippinesPSE 3000.000.000.000.000.00
NetherlandsAMSTERDAM 2000.000.000.000.000.00
MalaysiaBURSA 62233.33100.000.000.000.00
IndonesiaIDX 21050.000.000.000.000.00
IsraelTASE 21050.000.000.000.000.00
SwitzerlandSIX 3000.000.000.000.000.00
ChinaSSE 5000.000.000.000.000.00
ChileBCS 1000.000.000.000.000.00
FOREXFOREX 1000.000.000.000.000.00
BelgiumBRUSSELS 2000.000.000.000.000.00
BangladeshDSE 21050.000.000.000.000.00
SingaporeSGX 42050.000.000.000.50-0.50
ArgentinaBUE 220100.000.000.001.00-1.00
SpainIBEX 21050.000.000.001.00-1.00
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 bulls.com© family websites

Disclaimers:

Government regulations require disclosure of the fact that while these methods may have worked in the past, past results are not necessarily indicative of future results. While there is a potential for profits there is also a risk of loss. There is substantial risk in security trading. Losses incurred in connection with trading stocks or futures contracts can be significant. You should therefore carefully consider whether such trading is suitable for you in the light of your financial condition since all speculative trading is inherently risky and should only be undertaken by individuals with adequate risk capital. Neither Americanbulls.com LLC, nor Candlesticker.com makes any claims whatsoever regarding past or future performance. All examples, charts, histories, tables, commentaries, or recommendations are for educational or informational purposes only.

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