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 1/1/2016
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
USWARRANTS 63150.0033.337.670.677.00
USOTCBB 135238.4640.006.402.803.60
QatarQE 101493648.5173.472.940.312.63
South KoreaKOSDAQ 185285046445.9554.523.741.182.56
PortugalLISBON 48251252.0848.003.160.682.48
CanadaCSE 100522352.0044.236.584.312.27
PakistanKSE 98483048.9862.503.601.352.25
IndiaBSE 72730715642.2350.813.971.802.16
ChinaSZSE 216298051745.3352.763.071.072.01
Poland GPW 21150.00100.002.000.002.00
USNASDAQ 3016137469345.6950.293.171.291.88
ChinaSSE 182985745246.8652.742.911.071.84
Saudi ArabiaTADAWUL 85372643.5370.272.320.491.84
SpainIBEX 2671357250.5653.332.710.931.79
ArgentinaBUE 122533044.2655.563.071.301.78
Vietnam HNX 53125111647.2746.223.201.431.77
South KoreaKRX 207391047743.9052.422.480.801.67
MalaysiaBURSA 53360.00100.001.670.001.67
TaiwanGTSM 133458229443.6350.522.500.851.65
IsraelTASE 122573046.7252.632.420.861.56
USAMEX 3821657243.1943.642.811.271.55
IndonesiaIDX 65827312941.4947.252.741.211.53
NorwayOSE 2901356346.5546.672.480.971.51
UKLSE 52240.00100.001.500.001.50
UKLSE 2706105451739.0248.962.621.151.46
IndiaNSE 52025212948.4651.194.693.281.42
OmanMSM 125441.6780.001.400.001.40
USOTC PINK 171183838949.2146.205.223.851.37
Hong KongHKEX 54122321105742.8945.542.981.621.36
BrazilBOVESPA 3431476442.8643.542.421.141.28
The World 59251266511254445.0247.032.561.361.19
RussiaMICEX 3441728250.8746.862.251.071.17
AustraliaASX 2424120452949.6743.942.541.381.16
GermanyXETRA 77038617750.2645.742.020.911.10
JapanTOKYO 47752210107646.2848.692.081.031.06
ItalyBORSA 61426612943.3248.501.930.891.03
Poland GPW 67927312840.3546.722.971.951.02
Vietnam HOSE 31133.33100.001.000.001.00
IndonesiaIDX 53160.0033.331.000.001.00
NetherlandsAMSTERDAM 158733746.2050.681.730.740.99
JapanNAGOYA 80321240.0037.501.560.590.97
BelgiumBRUSSELS 137582742.3446.551.840.880.97
FrancePARIS 82735618143.4150.422.211.280.93
Austria WIENERBORSE 62231137.1047.831.740.870.87
TaiwanTWSE 211788441641.7647.061.580.710.87
USNYSE 3014136161745.1645.331.670.800.87
MexicoBMV 94371739.3645.951.861.000.86
CanadaTSX-V 87248522655.6246.604.263.460.80
Vietnam HOSE 76130713640.3444.302.201.430.77
USFOREX 2511644.0054.550.910.180.73
CanadaTSX 207699641848.0741.881.981.260.72
DenmarkCOPENHAGEN 2461005040.6550.001.590.870.72
SwedenSTOCKHOLM 91539517243.1743.541.981.270.71
PhilippinesPSE 3581597244.4145.281.971.260.70
MalaysiaBURSA 2223102045445.8844.512.111.400.70
ThailandSET 53260.0066.670.670.000.67
UAEUAE 2251115249.3346.851.831.160.67
Greece ATHENS 290772726.5535.062.191.620.57
JordanASE 3031615653.1434.782.041.500.54
SwitzerlandSIX 70733614147.5241.961.170.630.54
KuwaitKSE 3031476048.5140.821.881.340.54
USPREFERRED 49821410042.9746.730.800.290.51
ThailandSET 191285535544.7241.522.241.810.43
BangladeshDSE 95142817345.0140.421.621.330.29
SingaporeSGX 42150.0050.000.500.500.00
NetherlandsAMSTERDAM 2000.000.000.000.000.00
PhilippinesPSE 3000.000.000.000.000.00
JapanTOKYO 1000.000.000.000.000.00
JapanSAPPORO 1000.000.000.000.000.00
UAEUAE 31033.330.000.000.000.00
IsraelTASE 21050.000.000.000.000.00
ChinaSSE 6000.000.000.000.000.00
ChileBCS 1000.000.000.000.000.00
BelgiumBRUSSELS 2000.000.000.000.000.00
CanadaTSX 1000.000.000.000.000.00
SwitzerlandSIX 1000.000.000.000.000.00
FOREXFOREX 1000.000.000.000.000.00
BangladeshDSE 41025.000.000.000.000.00
SingaporeSGX 108247116743.5335.461.411.49-0.08
EgyptEGX 2811376148.7544.531.832.23-0.39
TurkeyBIST 4141696640.8239.051.722.15-0.43
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 94144.4425.000.504.50-4.00
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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