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
USWARRANTS 95255.5640.004.800.604.20
USOTCBB 135238.4640.006.402.803.60
Saudi ArabiaTADAWUL 109523747.7171.153.350.293.06
CanadaCSE 96522554.1748.086.633.603.04
OmanMSM 217633.3385.712.860.002.86
South KoreaKOSDAQ 2225103057546.2955.833.891.192.70
SpainIBEX 3411679448.9756.293.320.812.51
ChinaSZSE 2211101352745.8252.023.381.182.20
USNASDAQ 3793175091846.1952.403.401.212.19
QatarQE 144684547.2266.182.600.442.16
PakistanKSE 162754546.3060.003.371.232.15
PortugalLISBON 64372057.8154.052.860.842.03
Poland GPW 21150.00100.002.000.002.00
ChinaSSE 182888645348.4751.133.251.281.97
IndiaBSE 109545522341.5549.014.002.041.96
Hong KongHKEX 59682596123543.5047.573.451.591.86
ArgentinaBUE 132643748.4857.813.111.271.84
Poland GPW 87134617440.0749.863.621.791.82
TaiwanGTSM 170874437743.5650.672.740.921.82
IndonesiaIDX 90036917441.0047.152.881.211.68
South KoreaKRX 2391108256945.2552.592.510.851.66
USAMEX 51722911344.2949.343.071.561.51
UKLSE 3381132366839.1350.492.611.101.50
MalaysiaBURSA 42250.00100.001.500.001.50
UKLSE 52240.00100.001.500.001.50
JapanTOKYO 69593204164446.0651.292.420.961.46
NorwayOSE 3661708146.7247.372.461.001.46
Vietnam HNX 68132014446.9945.002.841.401.43
AustraliaASX 2858142565549.8645.962.751.321.42
The World 73754335541621445.5248.292.721.351.36
USNYSE 4132194196946.9749.921.980.701.27
BrazilBOVESPA 4602098945.4342.582.571.321.26
IsraelTASE 144633244.4450.002.301.051.25
MexicoBMV 97432344.3353.492.261.021.23
NetherlandsAMSTERDAM 166754045.1853.332.000.771.23
DenmarkCOPENHAGEN 3211387042.9950.722.040.861.19
CanadaTSX 2694132861049.3745.862.351.161.19
KuwaitKSE 54325511346.9644.312.371.241.13
PhilippinesPSE 49922410444.8946.432.311.181.13
GermanyXETRA 88445821451.9246.622.141.021.12
TaiwanTWSE 2670111653741.8048.121.850.741.11
ItalyBORSA 72831616043.4150.631.910.811.09
FrancePARIS 110648624144.2149.282.121.081.05
Austria WIENERBORSE 76271135.5340.741.810.781.04
BelgiumBRUSSELS 156622839.7445.161.810.771.03
CanadaTSX-V 96752526054.5049.344.403.391.01
Vietnam HOSE 31133.33100.001.000.001.00
IndonesiaIDX 53160.0033.331.000.001.00
EgyptEGX 3941949849.2450.522.671.740.93
MalaysiaBURSA 2931133560045.5544.942.231.330.90
JordanASE 4052078251.1139.612.361.490.86
RussiaMICEX 3521788151.1445.002.101.260.84
USFOREX 2511644.0054.550.910.180.73
USOTC PINK 2218112152850.6846.984.914.220.69
ThailandSET 53260.0066.670.670.000.67
ThailandSET 2219102543246.1942.152.291.640.65
Vietnam HOSE 108746120942.4145.342.001.380.62
SwitzerlandSIX 83640016747.8541.751.290.690.60
SwedenSTOCKHOLM 120251821743.0941.891.911.360.55
USPREFERRED 64029514146.0947.800.780.270.51
IndiaNSE 68831015345.0649.353.813.310.50
BangladeshDSE 122454322744.3641.801.831.330.50
UAEUAE 2471235249.8042.281.791.300.49
JapanNAGOYA 107461942.9941.301.330.910.41
TurkeyBIST 66928811143.0538.542.181.900.29
Greece ATHENS 301883029.2434.091.891.810.08
SingaporeSGX 42150.0050.000.500.500.00
PhilippinesPSE 3000.000.000.000.000.00
NetherlandsAMSTERDAM 2000.000.000.000.000.00
UAEUAE 31033.330.000.000.000.00
JapanTOKYO 1000.000.000.000.000.00
JapanSAPPORO 1000.000.000.000.000.00
CanadaTSX 1000.000.000.000.000.00
SwitzerlandSIX 1000.000.000.000.000.00
BelgiumBRUSSELS 2000.000.000.000.000.00
FOREXFOREX 1000.000.000.000.000.00
BangladeshDSE 41025.000.000.000.000.00
ChinaSSE 6000.000.000.000.000.00
ChileBCS 1000.000.000.000.000.00
IsraelTASE 21050.000.000.000.000.00
SingaporeSGX 148267824645.7536.281.711.94-0.24
SpainIBEX 32066.670.000.000.50-0.50
AustraliaASX 110100.000.000.001.00-1.00
ArgentinaBUE 220100.000.000.001.00-1.00
JapanFUKUOKA 135138.4620.000.804.20-3.40
PakistanKSE 61016.670.000.006.00-6.00
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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