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
USWARRANTS 93133.3333.337.670.677.00
ChileBCS 52240.00100.005.000.005.00
CanadaCSE 162935057.4153.767.433.753.68
USOTCBB 135238.4640.006.402.803.60
South KoreaKOSDAQ 3001137478945.7857.424.151.262.89
USNASDAQ 44482038105845.9351.793.751.242.51
Saudi ArabiaTADAWUL 2501117244.4064.862.980.502.49
IndiaBSE 132058329444.1750.434.371.892.48
ArgentinaBUE 151733848.3452.054.001.632.37
PhilippinesPSE 69230915144.6548.873.391.192.20
OmanMSM 3011836.6772.732.180.092.09
JapanFUKUOKA 2211550.0045.454.092.002.09
Hong KongHKEX 82833637176043.9148.393.661.602.07
SpainIBEX 4161939946.3951.302.950.902.05
Poland GPW 106342721440.1750.123.791.762.03
ChinaSZSE 3451152978544.3151.343.281.262.01
Poland GPW 21150.00100.002.000.002.00
USAMEX 66731315546.9349.523.241.251.99
IsraelTASE 206884942.7255.682.720.821.90
TaiwanGTSM 218897148444.3849.852.820.941.88
South KoreaKRX 3257145878744.7753.982.740.861.88
IndonesiaIDX 115449923643.2447.293.051.191.86
ChinaSSE 2779131867347.4351.063.061.221.84
PakistanKSE 2281026044.7458.823.581.771.80
BrazilBOVESPA 60725311441.6845.063.141.401.74
MexicoBMV 123502340.6546.002.781.061.72
PortugalLISBON 93442247.3150.002.841.141.70
EgyptEGX 59728615347.9153.503.221.541.68
UKLSE 4789189293639.5149.472.651.011.64
NorwayOSE 4792149744.6845.332.701.081.62
CanadaTSX 3501166478747.5347.302.641.061.58
CanadaTSX-V 114962431754.3150.804.903.361.54
KuwaitKSE 57427312647.5646.152.701.161.54
QatarQE 202935246.0455.912.020.481.54
JapanTOKYO 87924119207946.8550.472.490.991.51
The World 97568442702136545.4048.232.911.411.50
UKLSE 62233.33100.001.500.001.50
AustraliaASX 3769185783849.3045.102.801.321.48
USNYSE 51212400117146.8748.792.140.701.44
GermanyXETRA 131966032850.0449.702.350.931.41
MalaysiaBURSA 125541.67100.001.400.001.40
Austria WIENERBORSE 120462038.3343.482.150.781.37
FrancePARIS 152670135745.9450.932.451.091.36
SwedenSTOCKHOLM 152966227943.3042.152.711.371.33
Vietnam HNX 79335315644.5144.192.671.391.28
NetherlandsAMSTERDAM 2361155848.7350.432.120.881.24
ThailandSET 3315158068247.6643.162.951.721.23
USPREFERRED 80934716242.8946.691.500.311.19
ItalyBORSA 102843621042.4148.171.980.851.13
JapanNAGOYA 145602541.3841.671.980.871.12
RussiaMICEX 4302099248.6044.022.331.231.10
TaiwanTWSE 3560148369441.6646.801.830.741.09
Vietnam HOSE 140260027742.8046.172.331.281.05
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
NetherlandsAMSTERDAM 41125.00100.001.000.001.00
ItalyBORSA 21150.00100.001.000.001.00
IndonesiaIDX 63150.0033.331.000.001.00
PortugalLISBON 111100.00100.001.000.001.00
Vietnam HOSE 31133.33100.001.000.001.00
DenmarkCOPENHAGEN 4021728242.7947.671.850.930.92
USOTC PINK 2987144966549.1545.305.064.230.83
UAEUAE 3241546747.5343.511.961.200.76
MalaysiaBURSA 3828171277144.7245.042.441.680.76
SwitzerlandSIX 113252921346.7340.261.500.740.76
ThailandSET 53260.0066.670.670.000.67
USFOREX 3112638.7150.000.830.170.67
TurkeyBIST 85933813539.3539.942.421.830.59
BelgiumBRUSSELS 2611084441.3840.741.390.810.58
JordanASE 5032468948.9136.182.021.450.57
BangladeshDSE 163874832045.6742.781.921.360.56
Greece ATHENS 3811264833.0738.102.201.720.48
SingaporeSGX 188586431545.8436.461.861.780.08
JapanSAPPORO 1000.000.000.000.000.00
JapanTOKYO 21050.000.000.000.000.00
IsraelTASE 21050.000.000.000.000.00
IndiaNSE 1000.000.000.000.000.00
UAEUAE 31033.330.000.000.000.00
PhilippinesPSE 3000.000.000.000.000.00
CanadaTSX 1000.000.000.000.000.00
BrazilBOVESPA 1000.000.000.000.000.00
FOREXFOREX 41125.00100.000.000.000.00
BangladeshDSE 41025.000.000.000.000.00
SpainIBEX 43175.0033.330.330.330.00
ChinaSSE 6000.000.000.000.000.00
SwitzerlandSIX 1000.000.000.000.000.00
SingaporeSGX 53160.0033.330.330.330.00
AustraliaASX 32066.670.000.000.50-0.50
ArgentinaBUE 32066.670.000.001.00-1.00
IndiaNSE 97547823549.0349.164.337.31-2.97
PakistanKSE 71014.290.000.006.00-6.00
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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