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 1/1/2016
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
USWARRANTS 83137.5033.337.670.677.00
USOTCBB 135238.4640.006.402.803.60
CanadaCSE 135743956.3051.327.384.123.26
South KoreaKOSDAQ 214696654445.1556.143.971.232.74
IndiaBSE 83536718943.9551.504.181.742.44
QatarQE 115513544.3568.632.490.372.12
ChinaSZSE 2650120865245.5853.973.181.092.09
Poland GPW 21150.00100.002.000.002.00
ArgentinaBUE 135613345.9353.233.371.421.95
ChinaSSE 2202103756447.0954.392.991.051.95
USNASDAQ 3332154277746.5250.133.261.321.94
SpainIBEX 3131568349.8453.212.760.881.88
IsraelTASE 148663644.5954.552.610.771.83
South KoreaKRX 2422107357344.3853.302.560.781.77
PortugalLISBON 65321449.2343.752.811.091.72
PakistanKSE 129633848.8460.323.591.901.68
Hong KongHKEX 63342719128443.0447.103.201.521.67
OmanMSM 146542.8683.331.670.001.67
Vietnam HNX 58527112346.3245.393.021.471.55
BrazilBOVESPA 3931687443.0043.792.861.341.52
UKLSE 62233.33100.001.500.001.50
TaiwanGTSM 155669833944.8648.572.360.931.43
Saudi ArabiaTADAWUL 139593942.4566.101.920.491.42
UKLSE 3319130463139.4148.242.491.091.40
USAMEX 4542049444.9346.082.461.091.36
IndonesiaIDX 77433915643.8046.022.551.221.33
Austria WIENERBORSE 84341640.4847.062.150.881.26
RussiaMICEX 3891929149.8746.912.341.081.26
NorwayOSE 3451627146.9643.832.361.101.25
MalaysiaBURSA 84450.00100.001.250.001.25
The World 69265313761481445.3647.152.571.381.19
Poland GPW 75130614740.8847.883.031.881.15
GermanyXETRA 94648423151.1647.731.980.931.06
ItalyBORSA 73231415443.0348.891.970.921.05
JapanTOKYO 55912631128547.0648.842.071.031.05
FrancePARIS 100345323645.4651.752.201.171.02
Vietnam HOSE 31133.33100.001.000.001.00
IndonesiaIDX 53160.0033.331.000.001.00
NetherlandsAMSTERDAM 194924747.4251.091.740.750.99
AustraliaASX 2851143260750.2342.392.361.390.97
USOTC PINK 200397843849.0344.604.934.010.92
CanadaTSX-V 96653525055.4946.644.413.510.90
USNYSE 3479158471145.6544.771.630.750.88
CanadaTSX 2433116450447.8443.302.091.210.88
BelgiumBRUSSELS 185803643.2445.001.690.840.85
TaiwanTWSE 2486103047841.4346.411.560.730.83
UAEUAE 2601265948.4646.831.901.120.79
KuwaitKSE 3331616948.3542.862.041.270.76
USFOREX 2811639.2954.550.910.180.73
SwedenSTOCKHOLM 104645219443.2142.922.061.350.71
JapanNAGOYA 90331136.6733.331.450.760.70
MexicoBMV 93361438.7138.891.670.970.69
ThailandSET 53260.0066.670.670.000.67
Vietnam HOSE 89737216641.4744.622.021.400.62
EgyptEGX 3481718649.1450.292.551.930.62
PhilippinesPSE 4121778042.9645.201.841.270.56
JordanASE 3501786350.8635.391.991.440.56
SwitzerlandSIX 84239716347.1541.061.180.650.53
ThailandSET 2336106843045.7240.262.331.800.52
USPREFERRED 63026211941.5945.420.740.300.44
MalaysiaBURSA 2572117851445.8043.632.031.600.43
DenmarkCOPENHAGEN 2741135241.2446.021.350.920.42
Greece ATHENS 326923328.2235.871.971.540.42
BangladeshDSE 108450620946.6841.301.611.290.32
SingaporeSGX 125755719744.3135.371.471.420.05
JapanTOKYO 21050.000.000.000.000.00
ItalyBORSA 1000.000.000.000.000.00
JapanSAPPORO 1000.000.000.000.000.00
UAEUAE 31033.330.000.000.000.00
PhilippinesPSE 3000.000.000.000.000.00
NetherlandsAMSTERDAM 3000.000.000.000.000.00
IsraelTASE 21050.000.000.000.000.00
FrancePARIS 1000.000.000.000.000.00
Greece ATHENS 1000.000.000.000.000.00
ChinaSSE 6000.000.000.000.000.00
ChileBCS 2000.000.000.000.000.00
CanadaTSX 1000.000.000.000.000.00
SwitzerlandSIX 1000.000.000.000.000.00
BelgiumBRUSSELS 3000.000.000.000.000.00
Austria WIENERBORSE 1000.000.000.000.000.00
FOREXFOREX 2000.000.000.000.000.00
BangladeshDSE 41025.000.000.000.000.00
SingaporeSGX 53160.0033.330.330.330.00
TurkeyBIST 4982038240.7640.391.911.910.00
SpainIBEX 32066.670.000.000.50-0.50
AustraliaASX 110100.000.000.001.00-1.00
ArgentinaBUE 220100.000.000.001.00-1.00
IndiaNSE 63831316149.2251.274.765.82-1.06
JapanFUKUOKA 178347.0637.500.882.50-1.63
PakistanKSE 71014.290.000.006.00-6.00
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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