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 1/1/2018
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
JapanFUKUOKA 208440.0050.005.250.634.63
ChileBCS 2814950.0064.294.070.433.64
USOTCBB 135238.4640.006.402.803.60
CanadaCSE 2771568256.3252.566.263.033.23
South KoreaKOSDAQ 3277145879444.5254.423.711.242.47
IndiaBSE 118151926143.9550.294.081.852.23
IsraelTASE 2681187044.4058.822.820.612.20
PortugalLISBON 90401844.4445.003.351.202.15
ArgentinaBUE 206924844.6652.173.551.412.14
USNASDAQ 4320196398445.5150.053.561.432.13
ChinaSSE 122216.67100.002.000.002.00
Poland GPW 31133.33100.002.000.002.00
ChinaSZSE 46592098112345.0353.533.081.131.94
OmanMSM 3211837.5066.671.920.081.83
South KoreaKRX 3420146978442.9553.372.680.871.82
FOREXFOREX 3917943.5952.944.182.471.71
MexicoBMV 169723042.6041.672.580.891.69
Saudi ArabiaTADAWUL 2951237141.6957.722.240.581.66
PhilippinesPSE 70130114142.9446.843.011.371.64
ChinaSSE 3862177892946.0452.252.701.091.61
TaiwanGTSM 2294100048743.5948.702.490.911.58
QatarQE 181834845.8657.832.040.471.57
NorwayOSE 4972229944.6744.592.611.091.53
Hong KongHKEX 91644024186543.9146.353.161.641.52
UKLSE 72228.57100.001.500.001.50
IsraelTASE 32166.6750.001.500.001.50
BrazilBOVESPA 63326011641.3944.272.761.291.48
IndonesiaIDX 119050222942.1845.622.821.351.46
UKLSE 53632103104139.2349.482.501.101.40
FrancePARIS 159071636845.0351.402.521.161.36
MalaysiaBURSA 216628.57100.001.330.001.33
Austria WIENERBORSE 1710558.8250.002.000.701.30
JapanNAGOYA 118482040.6841.671.960.671.29
CanadaTSX-V 131771435554.2149.724.643.371.28
GermanyXETRA 172780639646.7349.072.260.991.27
SpainIBEX 48523211247.8448.282.271.031.25
The World 103676463892178644.7846.932.691.501.19
USAMEX 65929812545.2241.952.491.341.15
RussiaMICEX 53525110746.9242.632.271.141.14
PakistanKSE 189914948.1553.853.292.161.12
JapanTOKYO 83353858188346.2948.812.161.051.11
Poland GPW 118548723141.1847.343.192.101.09
NetherlandsAMSTERDAM 2811346447.6947.761.900.831.07
AustraliaASX 4447220294049.5842.632.621.591.04
USNYSE 4638213098145.9546.031.850.841.02
ItalyBORSA 31133.33100.001.000.001.00
Greece ATHENS 31133.33100.001.000.001.00
GermanyXETRA 111100.00100.001.000.001.00
IndonesiaIDX 63150.0033.331.000.001.00
FrancePARIS 31133.33100.001.000.001.00
Austria WIENERBORSE 31133.33100.001.000.001.00
PortugalLISBON 21150.00100.001.000.001.00
Vietnam HOSE 31133.33100.001.000.001.00
SwedenSTOCKHOLM 148565227944.0442.662.451.480.97
Vietnam HNX 79533314541.8943.542.471.510.95
BelgiumBRUSSELS 3391516844.5445.031.690.750.94
EgyptEGX 62628614645.6951.052.701.780.92
ItalyBORSA 121850822841.7144.881.900.990.91
UAEUAE 3631717847.1145.611.981.120.86
Vietnam HOSE 130352923740.6044.802.171.360.81
TaiwanTWSE 3825154669640.4245.021.550.750.80
CanadaTSX 3652164170144.9942.672.141.340.80
USPREFERRED 75929811639.2638.931.300.560.74
KuwaitKSE 4322008646.3043.001.921.280.64
MalaysiaBURSA 3903175478844.9444.932.351.720.63
SwitzerlandSIX 131461124146.5039.441.360.750.61
ThailandSET 3987178974044.8741.362.722.150.57
USOTC PINK 3174154368648.9944.125.294.720.57
BelgiumBRUSSELS 62133.3350.000.500.000.50
NetherlandsAMSTERDAM 62133.3350.000.500.000.50
ThailandSET 84250.0050.000.500.000.50
TurkeyBIST 64725210238.9540.482.211.710.50
BangladeshDSE 147669129246.8242.261.781.320.46
USFOREX 4816733.3343.750.630.190.44
Greece ATHENS 3901395235.6437.412.101.830.27
USWARRANTS 4222752.3831.823.863.680.18
JordanASE 4832318047.8334.631.501.400.10
DenmarkCOPENHAGEN 4201756941.6739.431.231.160.07
SwedenSTOCKHOLM 111100.00100.000.000.000.00
SingaporeSGX 53160.0033.330.330.330.00
UAEUAE 51020.000.000.000.000.00
PhilippinesPSE 3000.000.000.000.000.00
IndiaNSE 1000.000.000.000.000.00
JapanTOKYO 21050.000.000.000.000.00
JapanSAPPORO 1000.000.000.000.000.00
CanadaTSX 1000.000.000.000.000.00
SwitzerlandSIX 1000.000.000.000.000.00
BrazilBOVESPA 1000.000.000.000.000.00
BangladeshDSE 63150.0033.330.000.000.00
SpainIBEX 53160.0033.330.330.330.00
AustraliaASX 32066.670.000.000.50-0.50
SingaporeSGX 174779726145.6232.751.512.27-0.76
DenmarkCOPENHAGEN 110100.000.000.001.00-1.00
ArgentinaBUE 32066.670.000.001.00-1.00
IndiaNSE 89743320548.3847.244.086.45-2.38
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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