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
JapanFUKUOKA 2110547.6250.004.500.603.90
USOTCBB 135238.4640.006.402.803.60
ChileBCS 106560.0083.333.500.333.17
CanadaCSE 170965156.4753.136.263.292.97
South KoreaKOSDAQ 3113140379145.1756.264.011.272.74
ArgentinaBUE 157743947.1352.703.971.472.50
USNASDAQ 45442082107545.8251.633.741.292.45
IndiaBSE 134259329844.1950.254.181.932.24
Saudi ArabiaTADAWUL 2651207445.2861.672.780.552.23
PhilippinesPSE 72031615643.8949.373.391.222.16
SpainIBEX 42419810046.7050.512.950.952.00
OmanMSM 3212937.5075.002.080.082.00
Poland GPW 21150.00100.002.000.002.00
ChinaSZSE 3684163883844.4651.163.251.271.97
Hong KongHKEX 86523764180443.5547.883.541.611.92
Poland GPW 111244822140.2949.333.681.811.87
IsraelTASE 216945243.5255.322.730.871.86
South KoreaKRX 3378149679544.2953.142.690.871.82
TaiwanGTSM 2304101650044.1049.212.750.951.80
IndonesiaIDX 121352024742.8747.502.981.191.78
ChinaSSE 2969139270246.8850.432.981.221.77
PortugalLISBON 93442247.3150.002.841.141.70
USAMEX 68031415046.1847.773.111.421.70
NorwayOSE 49622210244.7645.952.721.091.63
UKLSE 5011196397839.3549.592.651.031.63
QatarQE 209955445.4556.842.090.471.62
MexicoBMV 130522440.0046.152.671.061.62
EgyptEGX 62229615747.5953.043.181.571.61
BrazilBOVESPA 61025611341.9744.143.011.411.61
PakistanKSE 2191036147.0359.223.381.851.52
JapanTOKYO 90944208211746.2750.312.490.981.50
UKLSE 62233.33100.001.500.001.50
IsraelTASE 32166.6750.001.500.001.50
CanadaTSX 3629171079747.1246.612.561.081.48
KuwaitKSE 60828912947.5344.642.641.191.45
The World 101144456022184645.1347.862.851.411.43
CanadaTSX-V 116763031753.9850.324.903.471.43
MalaysiaBURSA 145535.71100.001.400.001.40
AustraliaASX 3920194386949.5744.722.761.421.35
USNYSE 52262447118946.8248.592.080.731.34
GermanyXETRA 139968834049.1849.422.330.991.34
Austria WIENERBORSE 125472037.6042.552.110.771.34
FrancePARIS 157772737146.1051.032.401.121.28
Vietnam HNX 83337216044.6643.012.591.451.14
SwedenSTOCKHOLM 157967928543.0041.972.531.431.10
ItalyBORSA 109746222142.1147.841.920.841.09
JapanNAGOYA 142602442.2540.001.950.901.05
NetherlandsAMSTERDAM 2491186047.3950.852.091.051.04
TaiwanTWSE 3757154171041.0246.071.780.771.01
Austria WIENERBORSE 21150.00100.001.000.001.00
BelgiumBRUSSELS 41125.00100.001.000.001.00
GermanyXETRA 111100.00100.001.000.001.00
FrancePARIS 21150.00100.001.000.001.00
Greece ATHENS 21150.00100.001.000.001.00
IndonesiaIDX 63150.0033.331.000.001.00
ItalyBORSA 21150.00100.001.000.001.00
NetherlandsAMSTERDAM 41125.00100.001.000.001.00
Vietnam HOSE 31133.33100.001.000.001.00
PortugalLISBON 111100.00100.001.000.001.00
RussiaMICEX 4352118948.5142.182.241.241.00
USPREFERRED 82534515541.8244.931.370.390.98
Vietnam HOSE 146862328642.4445.912.271.330.94
ThailandSET 3554166470346.8242.252.811.900.91
DenmarkCOPENHAGEN 4191768442.0047.731.800.950.85
SwitzerlandSIX 116455122647.3441.021.580.740.84
USOTC PINK 3045147467449.1345.054.934.180.74
UAEUAE 3281556847.2643.871.941.190.74
BelgiumBRUSSELS 2791205043.0141.671.530.800.73
JordanASE 4932429149.0937.602.111.420.69
ThailandSET 53260.0066.670.670.000.67
USFOREX 3613636.1146.150.770.150.62
MalaysiaBURSA 4013177978544.3344.132.351.810.54
BangladeshDSE 163374231645.6242.421.901.360.54
TurkeyBIST 89435614139.8239.612.321.880.44
Greece ATHENS 3951365134.4337.502.102.040.06
SingaporeSGX 192387431045.4535.471.821.770.05
JapanTOKYO 21050.000.000.000.000.00
JapanSAPPORO 1000.000.000.000.000.00
IndiaNSE 1000.000.000.000.000.00
UAEUAE 51020.000.000.000.000.00
CanadaTSX 1000.000.000.000.000.00
BrazilBOVESPA 1000.000.000.000.000.00
FOREXFOREX 52240.00100.000.000.000.00
BangladeshDSE 52040.000.000.000.000.00
ChinaSSE 8000.000.000.000.000.00
SwitzerlandSIX 1000.000.000.000.000.00
SpainIBEX 43175.0033.330.330.330.00
PhilippinesPSE 3000.000.000.000.000.00
SingaporeSGX 53160.0033.330.330.330.00
AustraliaASX 32066.670.000.000.50-0.50
IndiaNSE 96646523548.1450.544.445.16-0.72
DenmarkCOPENHAGEN 110100.000.000.001.00-1.00
ArgentinaBUE 32066.670.000.001.00-1.00
PakistanKSE 81012.500.000.006.00-6.00
USWARRANTS 93033.330.000.0012.33-12.33
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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