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 1/1/2017
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
ChileBCS 31133.33100.008.000.008.00
USWARRANTS 83137.5033.337.670.677.00
USOTCBB 135238.4640.006.402.803.60
CanadaCSE 161904757.1451.096.883.912.97
South KoreaKOSDAQ 2934133475545.5056.553.901.252.65
IndiaBSE 131057428843.8250.174.191.932.27
USNASDAQ 44102018104545.7651.783.441.272.17
OmanMSM 2811839.2972.732.180.092.09
SpainIBEX 4121929946.6051.562.890.882.02
Poland GPW 21150.00100.002.000.002.00
ChinaSZSE 3258143473744.0151.393.231.232.00
ArgentinaBUE 152733748.0350.683.551.631.92
Saudi ArabiaTADAWUL 2291036544.9863.112.400.511.88
Hong KongHKEX 79843486165543.6947.453.441.621.82
ChinaSSE 2591123263147.5551.223.001.221.78
Poland GPW 103941620840.0450.003.541.771.77
PortugalLISBON 93432146.2448.842.791.161.63
South KoreaKRX 3168141475044.6353.042.490.871.62
EgyptEGX 57027614648.4252.903.181.581.61
IsraelTASE 204884843.1454.552.420.821.60
TaiwanGTSM 213994946444.3748.892.500.951.55
UKLSE 62233.33100.001.500.001.50
NorwayOSE 4692129645.2045.282.501.031.48
BrazilBOVESPA 59825211142.1444.052.831.381.46
QatarQE 200925146.0055.431.910.491.42
CanadaTSX-V 114062031454.3950.654.743.351.39
Austria WIENERBORSE 119462038.6643.482.150.781.37
IndonesiaIDX 116749422642.3345.752.601.231.37
PakistanKSE 2261015844.6957.433.161.841.32
UKLSE 4674184189139.4148.372.331.031.30
CanadaTSX 3450163276247.3046.692.371.081.29
JapanTOKYO 86684042201446.6349.832.291.001.29
USAMEX 66330814946.4648.382.661.381.27
MalaysiaBURSA 104440.00100.001.250.001.25
The World 95270430652048845.2347.542.641.401.23
JapanNAGOYA 135552340.7441.822.110.911.20
KuwaitKSE 61528612946.5045.102.391.201.20
USNYSE 50842360113946.4248.261.850.701.15
AustraliaASX 3706182180249.1644.022.461.341.12
PhilippinesPSE 65628813543.9046.882.261.171.08
NetherlandsAMSTERDAM 2311125648.4850.001.820.781.04
FrancePARIS 150268734545.7450.222.091.041.04
Vietnam HNX 77934615044.4243.352.461.461.00
ItalyBORSA 21150.00100.001.000.001.00
Greece ATHENS 21150.00100.001.000.001.00
NetherlandsAMSTERDAM 41125.00100.001.000.001.00
BelgiumBRUSSELS 41125.00100.001.000.001.00
Austria WIENERBORSE 21150.00100.001.000.001.00
GermanyXETRA 111100.00100.001.000.001.00
FrancePARIS 21150.00100.001.000.001.00
IndonesiaIDX 63150.0033.331.000.001.00
PortugalLISBON 111100.00100.001.000.001.00
Vietnam HOSE 31133.33100.001.000.001.00
ItalyBORSA 100243120843.0148.261.770.800.97
DenmarkCOPENHAGEN 3871678043.1547.901.860.920.94
MexicoBMV 120492240.8344.902.021.080.94
TaiwanTWSE 3477144866641.6545.991.680.750.93
GermanyXETRA 125862930450.1648.181.860.970.89
RussiaMICEX 4212088949.4142.792.031.220.82
Vietnam HOSE 136958126542.4445.612.121.300.82
ThailandSET 3132149762547.8041.752.331.600.73
USFOREX 3011636.6754.550.910.180.73
SwedenSTOCKHOLM 149764226542.8941.282.091.380.71
UAEUAE 3141516548.0943.051.891.210.68
ThailandSET 53260.0066.670.670.000.67
USOTC PINK 2901139663948.6445.294.814.170.64
JordanASE 4962418948.5936.932.061.430.63
BelgiumBRUSSELS 2531054441.5041.901.430.820.61
USPREFERRED 82635416542.8646.610.900.310.59
SwitzerlandSIX 110050820546.1840.351.200.720.48
TurkeyBIST 84433613539.8140.182.321.850.48
BangladeshDSE 155770128945.0241.231.771.380.40
MalaysiaBURSA 3708166672744.9843.592.091.720.37
JapanFUKUOKA 2711440.7436.361.000.730.27
Greece ATHENS 3761204531.9137.501.831.760.07
SingaporeSGX 53160.0033.330.330.330.00
PhilippinesPSE 3000.000.000.000.000.00
IsraelTASE 21050.000.000.000.000.00
IndiaNSE 1000.000.000.000.000.00
JapanTOKYO 21050.000.000.000.000.00
UAEUAE 31033.330.000.000.000.00
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
FOREXFOREX 41125.00100.000.000.000.00
BangladeshDSE 41025.000.000.000.000.00
ChinaSSE 6000.000.000.000.000.00
SpainIBEX 43175.0033.330.330.330.00
SingaporeSGX 188586330745.7835.571.561.79-0.24
AustraliaASX 21050.000.000.001.00-1.00
ArgentinaBUE 32066.670.000.001.00-1.00
IndiaNSE 94445522048.4148.144.116.86-2.74
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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