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 1/1/2015
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
Saudi ArabiaTADAWUL 64292445.3182.764.790.174.62
USOTC PINK 174486148449.3756.216.112.273.84
USOTCBB 135238.4640.006.402.803.60
SpainIBEX 2681298348.1364.343.680.702.98
South KoreaKOSDAQ 175878047344.3760.643.840.912.92
OmanMSM 196531.5883.332.830.002.83
QatarQE 114543947.3772.223.040.302.74
ChinaSZSE 135561735445.5457.373.670.932.74
PortugalLISBON 52282253.8578.573.180.572.61
USNASDAQ 3038138382845.5259.873.520.942.58
IndiaBSE 91137520741.1655.204.111.562.55
Poland GPW 67626514139.2053.213.861.342.52
ChinaSSE 114255430348.5154.693.441.022.42
PakistanKSE 145603541.3858.333.331.052.28
CanadaCSE 63321150.7934.384.812.562.25
TaiwanGTSM 132057232043.3355.942.870.752.12
USAMEX 50323412846.5254.703.341.242.10
UKLSE 256097355638.2056.852.880.901.98
DenmarkCOPENHAGEN 2771256445.1351.202.660.701.96
Hong KongHKEX 4628197194042.5947.693.361.451.91
NorwayOSE 3161458045.8955.172.890.981.91
South KoreaKRX 180481746945.2957.412.570.691.88
IsraelTASE 112502644.6452.002.780.981.80
The World 58093260771319944.9050.602.761.131.62
USNYSE 3490162986946.6853.352.200.581.62
AustraliaASX 2116104852349.5349.902.791.241.55
IndonesiaIDX 68528213841.1748.942.721.201.52
UKLSE 52240.00100.001.500.001.50
MalaysiaBURSA 32266.67100.001.500.001.50
JapanTOKYO 58312637133745.2250.702.370.931.43
CanadaTSX 2201104752747.5750.332.451.021.43
ItalyBORSA 53022111141.7050.232.030.601.43
PhilippinesPSE 3841728744.7950.582.451.051.40
Greece ATHENS 216632629.1741.272.761.381.38
BrazilBOVESPA 3661667545.6344.912.661.311.35
TaiwanTWSE 204586846442.4453.461.930.621.31
CanadaTSX-V 73739419853.4650.254.242.941.29
IndiaNSE 54924411844.4448.363.442.161.28
EgyptEGX 2981477849.3353.062.931.661.27
NetherlandsAMSTERDAM 118472339.8348.941.850.701.15
GermanyXETRA 59730615851.2651.631.870.731.14
ThailandSET 165575731045.7440.952.020.991.03
FrancePARIS 84136818243.7649.462.010.991.02
Vietnam HOSE 31133.33100.001.000.001.00
Austria WIENERBORSE 4616834.7850.001.810.811.00
Vietnam HOSE 83135917243.2047.912.191.200.99
BelgiumBRUSSELS 88331637.5048.481.580.700.88
ArgentinaBUE 95372238.9559.462.051.190.86
MexicoBMV 68311845.5958.061.770.940.84
JapanNAGOYA 90391943.3348.721.540.740.79
SwedenSTOCKHOLM 93841518644.4644.602.031.280.76
RussiaMICEX 2591305850.1944.621.911.160.75
USFOREX 2210545.4550.000.900.200.70
KuwaitKSE 4782258347.0736.892.101.510.59
Vietnam HNX 58127410447.1637.962.602.020.58
SwitzerlandSIX 63229413546.5245.921.210.650.56
UAEUAE 184894048.3744.941.781.250.53
JordanASE 3241606049.3837.502.011.540.47
MalaysiaBURSA 2364104742844.2940.881.821.350.47
USPREFERRED 52424111345.9946.890.710.260.45
USWARRANTS 137553.8571.431.711.290.43
SingaporeSGX 120155119245.8834.851.771.400.37
TurkeyBIST 5842409241.1038.332.021.650.37
BangladeshDSE 103743816742.2438.131.761.490.27
JapanSAPPORO 1000.000.000.000.000.00
UAEUAE 21050.000.000.000.000.00
Poland GPW 1000.000.000.000.000.00
PakistanKSE 1000.000.000.000.000.00
PhilippinesPSE 3000.000.000.000.000.00
NetherlandsAMSTERDAM 2000.000.000.000.000.00
IndonesiaIDX 32066.670.000.000.000.00
IsraelTASE 110100.000.000.000.000.00
SwitzerlandSIX 1000.000.000.000.000.00
CanadaTSX 1000.000.000.000.000.00
ChinaSSE 4000.000.000.000.000.00
ChileBCS 1000.000.000.000.000.00
FOREXFOREX 4000.000.000.000.000.00
BelgiumBRUSSELS 2000.000.000.000.000.00
BangladeshDSE 21050.000.000.000.000.00
SpainIBEX 32066.670.000.000.50-0.50
SingaporeSGX 31033.330.000.001.00-1.00
ArgentinaBUE 220100.000.000.001.00-1.00
JapanFUKUOKA 134130.7725.001.004.50-3.50
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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