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
Austria WIENERBORSE 2113761.9053.854.540.853.69
USOTCBB 135238.4640.006.402.803.60
ChileBCS 36191252.7863.163.740.423.32
South KoreaKOSDAQ 3398150883844.4155.533.941.242.71
CanadaCSE 3041668654.6151.815.773.092.68
JapanFUKUOKA 219442.8644.444.672.332.33
USNASDAQ 45142055102645.5749.883.581.412.18
ArgentinaBUE 2211005245.2552.003.521.392.13
IndiaBSE 120853326344.1249.343.931.842.09
IsraelTASE 2831267244.5257.142.730.682.05
Poland GPW 31133.33100.002.000.002.00
ChinaSSE 132215.38100.002.000.002.00
South KoreaKRX 3537152582043.1253.772.750.851.89
ChinaSZSE 49042205116944.9653.023.031.141.89
FOREXFOREX 65261340.0050.003.882.001.88
OmanMSM 3211837.5066.671.920.081.83
BrazilBOVESPA 66428613643.3747.222.931.221.72
PhilippinesPSE 74032115243.3847.353.021.311.71
MexicoBMV 179773543.0245.452.490.831.66
Saudi ArabiaTADAWUL 3081317842.5359.542.210.561.66
TaiwanGTSM 2400104250743.4248.662.480.911.57
ChinaSSE 4093185996445.4251.862.641.091.55
IsraelTASE 32166.6750.001.500.001.50
NorwayOSE 51723410545.2644.872.591.091.50
Hong KongHKEX 93924114190443.8046.283.121.631.49
QatarQE 191874845.5555.171.940.481.46
UKLSE 56042220111239.6150.092.541.091.45
IndonesiaIDX 122151523242.1845.052.771.381.39
FrancePARIS 167874938544.6451.402.521.131.39
MalaysiaBURSA 226627.27100.001.330.001.33
SpainIBEX 50424411948.4148.772.251.021.22
GermanyXETRA 185186743146.8949.652.241.011.22
The World 108045483722271544.8246.912.691.481.21
PortugalLISBON 91401743.9642.502.381.181.20
EgyptEGX 66730315345.4350.502.901.741.16
PakistanKSE 195945148.2154.263.262.121.14
JapanNAGOYA 133542341.3541.821.890.761.13
USAMEX 70532113545.5342.062.451.341.11
RussiaMICEX 55525710846.8541.542.281.171.10
CanadaTSX-V 138473936153.4048.854.493.391.10
Poland GPW 123551424741.7047.963.142.061.08
JapanTOKYO 87164043197046.3948.732.151.071.08
USWARRANTS 6026943.3334.624.463.421.04
SwedenSTOCKHOLM 150666328544.0242.992.491.481.01
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
ItalyBORSA 31133.33100.001.000.001.00
Greece ATHENS 31133.33100.001.000.001.00
Vietnam HOSE 31133.33100.001.000.001.00
PortugalLISBON 21150.00100.001.000.001.00
USNYSE 47602192100246.0545.711.840.841.00
NetherlandsAMSTERDAM 2911376548.4546.101.800.820.99
AustraliaASX 4691233399549.7342.652.601.620.98
BelgiumBRUSSELS 3621657345.5844.241.650.720.93
CanadaTSX 3802171372945.0842.532.201.310.89
ItalyBORSA 128453923941.9844.341.840.980.86
Vietnam HOSE 134754624740.5345.242.171.330.83
TaiwanTWSE 3996162273340.5945.191.550.740.82
Vietnam HNX 84035115141.7943.022.341.540.80
ThailandSET 4127184377744.6642.162.741.980.77
USPREFERRED 76230912140.5539.161.250.510.74
USOTC PINK 3392164673049.4143.565.414.740.67
UKLSE 105450.0080.000.800.200.60
SwitzerlandSIX 137064325547.0139.601.330.730.60
TurkeyBIST 66325610438.7640.472.321.730.59
UAEUAE 3631707546.8344.121.691.130.56
MalaysiaBURSA 4116184181144.7344.052.331.770.56
KuwaitKSE 4562058744.9642.441.841.280.56
BelgiumBRUSSELS 62133.3350.000.500.000.50
NetherlandsAMSTERDAM 62133.3350.000.500.000.50
ThailandSET 84250.0050.000.500.000.50
USFOREX 5017834.0047.060.650.180.47
BangladeshDSE 149469929646.7942.351.771.310.46
JordanASE 5172438747.0035.801.611.400.21
DenmarkCOPENHAGEN 4341827341.9440.111.341.190.15
Greece ATHENS 4081515637.0137.092.011.880.13
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
NorwayOSE 1000.000.000.000.000.00
IndiaNSE 1000.000.000.000.000.00
JapanTOKYO 21050.000.000.000.000.00
JapanSAPPORO 1000.000.000.000.000.00
CanadaTSX 1000.000.000.000.000.00
SwitzerlandSIX 1000.000.000.000.000.00
BrazilBOVESPA 1000.000.000.000.000.00
BangladeshDSE 63150.0033.330.000.000.00
SpainIBEX 53160.0033.330.330.330.00
AustraliaASX 32066.670.000.000.50-0.50
SingaporeSGX 182383026945.5332.411.472.24-0.77
IndiaNSE 89542820347.8247.433.924.78-0.86
DenmarkCOPENHAGEN 110100.000.000.001.00-1.00
ArgentinaBUE 42050.000.000.001.00-1.00
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.

Candlesticker.com is an independent and free website and all the Services provided by Americanbulls.com LLC at Candlesticker.com are completely free of charge. Americanbulls.com LLC does not receive compensation by any direct or indirect means from the visitors and users of this website (or of any other bulls.com© family websites), and from the stocks, securities and other institutions or any underwriters or dealers associated with the broader national or international forex, commodity and stock markets.

You agree that Candlesticker.com and Americanbulls.com LLC its parent company, subsidiaries, affiliates, officers and employees shall not be liable for any direct, indirect, incidental, special or consequential damages.