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 1/1/2019
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
USWARRANTS 94391741.4943.599.002.926.08
CanadaCSE 39222413157.1458.487.162.584.58
USOTCBB 135238.4640.006.402.803.60
JapanFUKUOKA 2110447.6240.004.100.603.50
Austria WIENERBORSE 33221366.6759.094.321.323.00
EgyptEGX 78432517641.4554.154.331.402.93
South KoreaKOSDAQ 3491163394646.8657.824.061.172.89
MexicoBMV 170743943.5352.703.270.772.50
USNASDAQ 44112047102546.4150.073.931.462.47
BrazilBOVESPA 69230115543.5051.503.451.002.45
ChileBCS 62311750.0054.843.160.812.35
CanadaTSX-V 150781644054.1553.925.252.962.28
IndiaBSE 115252926746.0150.384.061.882.18
Saudi ArabiaTADAWUL 41318010843.5860.002.690.562.14
ChinaSZSE 63122787152844.1554.833.071.002.07
IsraelTASE 3111418245.3458.162.750.682.07
South KoreaKRX 3573157386844.0255.182.900.842.06
Poland GPW 127853728042.0252.143.821.812.01
Greece ATHENS 52240.00100.002.000.002.00
Poland GPW 31133.33100.002.000.002.00
OmanMSM 3211837.5066.671.920.081.83
USAMEX 70332515446.2347.383.031.231.81
UKLSE 57282289116539.9650.902.770.971.80
TaiwanGTSM 2478106853543.1050.092.610.851.76
PhilippinesPSE 79136217045.7646.963.041.331.71
FrancePARIS 176080742945.8553.162.701.011.69
Hong KongHKEX 91534071193344.4847.483.251.571.68
ChinaSSE 53172319123943.7553.272.600.951.65
ArgentinaBUE 2551135644.3149.563.181.551.63
RussiaMICEX 4492109646.7745.712.701.101.61
IsraelTASE 32166.6750.001.500.001.50
The World 111515503162452345.1648.702.871.371.50
AustraliaASX 50002477112149.5645.243.061.621.44
QatarQE 158683543.0451.471.930.491.44
IndonesiaIDX 123052323442.4444.832.801.371.43
SwedenSTOCKHOLM 143263028743.9945.562.821.421.40
USNYSE 47942249108146.9148.072.090.711.37
ChinaSSE 143321.43100.001.330.001.33
Vietnam HOSE 130552224540.0046.932.511.181.33
GermanyXETRA 206396047646.5349.582.311.001.31
JapanTOKYO 90684190210346.2150.192.250.971.28
SpainIBEX 53123911645.0148.542.231.051.18
CanadaTSX 3835176380545.9745.662.431.261.17
KuwaitKSE 4231888644.4445.742.110.991.11
ThailandSET 4338197082145.4141.682.661.551.11
Vietnam HNX 75831513541.5642.862.611.571.04
TaiwanTWSE 4169171480041.1146.671.720.711.01
GermanyXETRA 111100.00100.001.000.001.00
FrancePARIS 41125.00100.001.000.001.00
Austria WIENERBORSE 41125.00100.001.000.001.00
ItalyBORSA 41125.00100.001.000.001.00
IndonesiaIDX 73142.8633.331.000.001.00
Vietnam HOSE 31133.33100.001.000.001.00
PortugalLISBON 21150.00100.001.000.001.00
BangladeshDSE 120559529049.3848.742.141.150.99
ItalyBORSA 136861828045.1845.311.910.950.95
JapanNAGOYA 134522038.8138.461.750.810.94
USOTC PINK 3109152769450.0544.605.344.390.94
MalaysiaBURSA 268730.7787.501.000.130.88
TurkeyBIST 5491998036.2540.202.691.830.86
NetherlandsAMSTERDAM 3011396646.1847.481.710.870.83
UKLSE 136546.1583.331.000.170.83
USPREFERRED 72630812842.4241.561.300.470.83
BelgiumBRUSSELS 4312049447.3346.081.580.770.81
NorwayOSE 54024210744.8144.212.341.600.74
PakistanKSE 196984850.0048.982.912.200.70
SwitzerlandSIX 137264326746.8741.521.400.720.67
MalaysiaBURSA 4026181083944.9646.352.601.980.63
UAEUAE 3311476444.4143.541.781.220.56
JordanASE 4892238245.6036.771.921.420.51
ThailandSET 84250.0050.000.500.000.50
BelgiumBRUSSELS 62133.3350.000.500.000.50
NetherlandsAMSTERDAM 62133.3350.000.500.000.50
USFOREX 5320937.7445.000.550.150.40
DenmarkCOPENHAGEN 4231786842.0838.201.481.080.39
Greece ATHENS 4131666440.1938.552.171.810.37
PortugalLISBON 99481948.4839.581.151.020.13
IndiaNSE 1000.000.000.000.000.00
JapanTOKYO 21050.000.000.000.000.00
JapanSAPPORO 1000.000.000.000.000.00
UAEUAE 51020.000.000.000.000.00
BangladeshDSE 63150.0033.330.000.000.00
CanadaTSX 1000.000.000.000.000.00
SwitzerlandSIX 2000.000.000.000.000.00
BrazilBOVESPA 1000.000.000.000.000.00
SpainIBEX 53160.0033.330.330.330.00
ChileBCS 110100.000.000.000.000.00
SwedenSTOCKHOLM 111100.00100.000.000.000.00
SingaporeSGX 53160.0033.330.330.330.00
PhilippinesPSE 3000.000.000.000.000.00
AustraliaASX 42050.000.000.000.50-0.50
SingaporeSGX 179383227946.4033.531.381.95-0.57
FOREXFOREX 3013543.3338.462.693.31-0.62
IndiaNSE 79938319447.9350.654.114.94-0.83
DenmarkCOPENHAGEN 110100.000.000.001.00-1.00
ArgentinaBUE 42050.000.000.001.00-1.00
NorwayOSE 21050.000.000.001.00-1.00
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.

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