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 1/1/2019
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
USOTCBB 135238.4640.006.402.803.60
USWARRANTS 88361440.9138.896.643.063.58
JapanFUKUOKA 2010450.0040.004.100.603.50
CanadaCSE 34819210855.1756.256.312.973.34
Austria WIENERBORSE 2816757.1443.753.750.882.88
South KoreaKOSDAQ 3159143482145.4657.174.031.162.86
ChileBCS 45211246.6757.143.240.712.52
USNASDAQ 3997181890545.6149.643.771.412.36
IndiaBSE 109150425546.3850.404.121.922.21
ChinaSZSE 57522525141043.9055.843.120.982.14
ArgentinaBUE 2331025243.7850.983.471.342.13
MexicoBMV 160673441.8850.752.880.782.10
PhilippinesPSE 70731015143.8548.713.331.302.03
ChinaSSE 132215.38100.002.000.002.00
Poland GPW 31133.33100.002.000.002.00
South KoreaKRX 3254139576242.9654.512.820.851.97
EgyptEGX 66528114242.5650.183.481.521.96
BrazilBOVESPA 63327113043.1347.623.011.111.90
OmanMSM 3211837.5066.671.920.081.83
IsraelTASE 2661196744.7456.302.430.711.71
TaiwanGTSM 228296647942.3349.592.560.851.71
FrancePARIS 160973638845.7452.722.701.021.68
ChinaSSE 47702088112043.7753.642.630.951.68
Hong KongHKEX 85783827179844.6146.983.241.591.65
Saudi ArabiaTADAWUL 3861669643.0157.832.240.611.63
RussiaMICEX 4612119246.4242.992.681.111.57
QatarQE 151653443.0552.312.020.461.55
IsraelTASE 32166.6750.001.500.001.50
UKLSE 54092129106239.3649.882.511.011.50
CanadaTSX-V 140574638953.1052.144.553.071.47
Poland GPW 116049924843.0249.703.442.021.42
The World 103131461392214444.8047.922.751.411.34
IndonesiaIDX 111947221242.1844.922.741.401.33
JapanTOKYO 82373809192046.2450.412.290.971.32
FOREXFOREX 67311346.2741.943.261.941.32
NorwayOSE 49922110144.2945.702.461.151.31
PakistanKSE 175844448.0052.383.191.991.20
GermanyXETRA 194289843946.2948.832.191.011.18
USAMEX 65730113145.8143.522.471.301.17
USNYSE 4550210098146.1546.711.890.731.16
MalaysiaBURSA 247629.1785.711.140.001.14
SwedenSTOCKHOLM 137460125743.9642.552.501.391.11
SpainIBEX 47521610345.4747.692.091.071.02
KuwaitKSE 3911667442.4644.582.061.041.02
Vietnam HOSE 118747521940.0246.112.241.241.00
ItalyBORSA 31133.33100.001.000.001.00
Greece ATHENS 31133.33100.001.000.001.00
Austria WIENERBORSE 31133.33100.001.000.001.00
GermanyXETRA 111100.00100.001.000.001.00
IndonesiaIDX 63150.0033.331.000.001.00
FrancePARIS 31133.33100.001.000.001.00
PortugalLISBON 21150.00100.001.000.001.00
Vietnam HOSE 31133.33100.001.000.001.00
BangladeshDSE 112656526950.1847.612.161.170.99
CanadaTSX 3687167875045.5744.642.241.260.98
NetherlandsAMSTERDAM 2911366548.1146.431.740.800.94
TaiwanTWSE 3774149768939.6746.031.630.700.93
ItalyBORSA 127856524844.2143.891.800.920.88
AustraliaASX 4567223795949.1142.762.541.660.88
JapanNAGOYA 122501940.9838.001.700.840.86
Vietnam HNX 68327811840.7042.452.371.580.79
TurkeyBIST 5151897636.8940.002.591.850.74
USPREFERRED 71128911240.6538.751.220.490.73
BelgiumBRUSSELS 4011918647.6345.031.490.820.68
UAEUAE 3221396643.1747.481.821.170.65
ThailandSET 3894176472345.3040.992.652.020.64
MalaysiaBURSA 3646164575045.1245.592.551.930.61
SwitzerlandSIX 127058623546.2240.031.300.700.61
USOTC PINK 2984145964549.8043.415.254.650.61
UKLSE 105450.0080.000.800.200.60
BelgiumBRUSSELS 62133.3350.000.500.000.50
DenmarkCOPENHAGEN 4011666541.4039.161.551.050.50
NetherlandsAMSTERDAM 62133.3350.000.500.000.50
ThailandSET 84250.0050.000.500.000.50
USFOREX 5118835.2944.440.610.170.44
JordanASE 4562077645.3936.711.711.430.28
PortugalLISBON 90431647.7837.211.191.090.09
Greece ATHENS 3921585640.3135.441.931.880.05
SwedenSTOCKHOLM 111100.00100.000.000.000.00
SingaporeSGX 53160.0033.330.330.330.00
UAEUAE 51020.000.000.000.000.00
PhilippinesPSE 3000.000.000.000.000.00
IndiaNSE 1000.000.000.000.000.00
JapanTOKYO 21050.000.000.000.000.00
JapanSAPPORO 1000.000.000.000.000.00
BangladeshDSE 63150.0033.330.000.000.00
CanadaTSX 1000.000.000.000.000.00
SwitzerlandSIX 2000.000.000.000.000.00
BrazilBOVESPA 1000.000.000.000.000.00
SpainIBEX 53160.0033.330.330.330.00
AustraliaASX 42050.000.000.000.50-0.50
SingaporeSGX 165176424946.2732.591.382.01-0.63
IndiaNSE 78237518648.2149.344.004.86-0.86
DenmarkCOPENHAGEN 110100.000.000.001.00-1.00
ArgentinaBUE 42050.000.000.001.00-1.00
NorwayOSE 21050.000.000.001.00-1.00
PakistanKSE 81012.500.000.006.00-6.00
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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