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 1/1/2018
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
JapanFUKUOKA 249437.5044.444.670.674.00
ChileBCS 2110947.6290.004.100.203.90
USOTCBB 135238.4640.006.402.803.60
CanadaCSE 2571417356.0350.696.293.532.76
South KoreaKOSDAQ 3041134974544.3655.233.801.232.56
IsraelTASE 2371086545.5760.193.180.722.45
ArgentinaBUE 176794244.8953.163.711.372.34
IndiaBSE 112149124843.8050.514.171.832.34
PortugalLISBON 86381744.1944.743.471.242.24
USNASDAQ 4071185092945.4450.223.521.442.08
ChinaSSE 112218.18100.002.000.002.00
Poland GPW 31133.33100.002.000.002.00
ChinaSZSE 42591899101144.5953.243.061.141.92
Saudi ArabiaTADAWUL 2741157041.9760.872.390.531.86
South KoreaKRX 3221138674543.0353.752.710.871.83
OmanMSM 3211837.5066.671.920.081.83
PhilippinesPSE 63327113042.8147.973.211.421.79
NorwayOSE 4692089844.3547.122.811.021.78
BrazilBOVESPA 55122510041.0244.253.081.311.77
MexicoBMV 150612840.6745.902.570.821.75
ChinaSSE 3477158383845.5352.942.781.081.70
IndonesiaIDX 111547221842.3346.192.901.231.67
QatarQE 176804845.4560.002.110.451.66
TaiwanGTSM 216194546343.7348.992.530.871.66
Hong KongHKEX 88293854179043.6546.453.161.601.56
UKLSE 72228.57100.001.500.001.50
IsraelTASE 32166.6750.001.500.001.50
UKLSE 4960194195939.2749.232.581.111.47
PakistanKSE 173834847.9857.833.592.131.46
GermanyXETRA 157973837546.9350.612.380.991.40
SpainIBEX 43420610147.4749.032.411.031.38
FrancePARIS 148367234445.3151.192.541.201.34
MalaysiaBURSA 196631.58100.001.330.001.33
JapanNAGOYA 110451840.9140.002.020.711.31
SwedenSTOCKHOLM 140860626443.1843.422.621.341.28
Poland GPW 111845421640.6147.583.342.071.27
RussiaMICEX 50623710246.8443.042.351.101.25
The World 96990433442043744.7147.132.721.471.25
AustraliaASX 4033198785049.2742.782.711.501.21
NetherlandsAMSTERDAM 2571226247.4750.822.070.861.20
JapanTOKYO 77293578172746.2948.272.221.071.14
ItalyBORSA 111745421240.8246.492.040.941.10
USNYSE 4496205195645.6246.611.870.821.05
USAMEX 60326811244.4441.792.391.371.02
GermanyXETRA 111100.00100.001.000.001.00
FrancePARIS 31133.33100.001.000.001.00
Greece ATHENS 31133.33100.001.000.001.00
Austria WIENERBORSE 31133.33100.001.000.001.00
IndonesiaIDX 63150.0033.331.000.001.00
ItalyBORSA 31133.33100.001.000.001.00
PortugalLISBON 111100.00100.001.000.001.00
Vietnam HOSE 31133.33100.001.000.001.00
USPREFERRED 79131913340.3341.691.440.460.98
UAEUAE 3381577246.4545.862.021.130.89
CanadaTSX 3439157067245.6542.802.191.300.89
EgyptEGX 56826113545.9551.722.651.780.87
TaiwanTWSE 3549145465740.9745.191.570.750.82
CanadaTSX-V 119863330352.8447.874.453.640.81
Vietnam HOSE 127151323040.3644.832.121.320.80
Vietnam HNX 75932813843.2142.072.351.560.78
SwitzerlandSIX 117254822546.7641.061.470.730.74
BelgiumBRUSSELS 3031355744.5542.221.530.790.73
KuwaitKSE 4171968447.0042.861.951.240.71
MalaysiaBURSA 3596162372645.1344.732.361.710.64
USOTC PINK 3015146666448.6645.265.344.710.63
ThailandSET 3675168068945.7141.012.742.130.60
Austria WIENERBORSE 136246.1533.331.330.830.50
BelgiumBRUSSELS 62133.3350.000.500.000.50
NetherlandsAMSTERDAM 62133.3350.000.500.000.50
ThailandSET 74257.1450.000.500.000.50
BangladeshDSE 141866328246.7642.531.761.300.46
USFOREX 4316737.2143.750.630.190.44
JordanASE 4532137447.0234.741.681.320.35
Greece ATHENS 3691294734.9636.432.161.920.24
DenmarkCOPENHAGEN 3931646841.7341.461.331.130.20
TurkeyBIST 6182379538.3540.081.981.840.14
JapanSAPPORO 1000.000.000.000.000.00
JapanTOKYO 21050.000.000.000.000.00
IndiaNSE 1000.000.000.000.000.00
UAEUAE 51020.000.000.000.000.00
CanadaTSX 1000.000.000.000.000.00
BrazilBOVESPA 1000.000.000.000.000.00
BangladeshDSE 63150.0033.330.000.000.00
SwitzerlandSIX 1000.000.000.000.000.00
SpainIBEX 43175.0033.330.330.330.00
PhilippinesPSE 3000.000.000.000.000.00
SwedenSTOCKHOLM 111100.00100.000.000.000.00
SingaporeSGX 53160.0033.330.330.330.00
IndiaNSE 86341720648.3249.404.354.40-0.05
AustraliaASX 32066.670.000.000.50-0.50
SingaporeSGX 167976725745.6833.511.622.28-0.66
DenmarkCOPENHAGEN 110100.000.000.001.00-1.00
ArgentinaBUE 32066.670.000.001.00-1.00
FOREXFOREX 126250.0033.330.001.50-1.50
USWARRANTS 127158.3314.294.006.86-2.86
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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