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
USOTCBB 135238.4640.006.402.803.60
Greece ATHENS 52240.00100.002.000.002.00
Poland GPW 31133.33100.002.000.002.00
OmanMSM 3211837.5066.671.920.081.83
IsraelTASE 32166.6750.001.500.001.50
ChinaSSE 153320.00100.001.330.001.33
Vietnam HOSE 31133.33100.001.000.001.00
PortugalLISBON 21150.00100.001.000.001.00
Austria WIENERBORSE 41125.00100.001.000.001.00
FrancePARIS 41125.00100.001.000.001.00
GermanyXETRA 111100.00100.001.000.001.00
ItalyBORSA 41125.00100.001.000.001.00
IndonesiaIDX 83137.5033.331.000.001.00
MalaysiaBURSA 268730.7787.501.000.130.88
UKLSE 136546.1583.331.000.170.83
BelgiumBRUSSELS 73242.8666.670.670.000.67
NetherlandsAMSTERDAM 73242.8666.670.670.000.67
ThailandSET 84250.0050.000.500.000.50
USFOREX 5320937.7445.000.550.150.40
NorwayOSE 5753244.350.780.210.010.21
DenmarkCOPENHAGEN 4562242.321.040.080.000.08
RussiaMICEX 4851145.150.460.020.000.02
EgyptEGX 9574239.600.530.030.010.02
The World 118917100147145.010.880.040.030.02
Vietnam HOSE 13782139.840.180.020.010.01
PortugalLISBON 1071146.732.000.010.000.01
USAMEX 7733146.830.280.040.030.01
ChinaSSE 58503243.620.080.010.000.00
JapanTOKYO 97771146.790.020.000.000.00
PakistanKSE 2110049.290.000.000.000.00
SingaporeSGX 19110046.780.000.000.000.00
SingaporeSGX 53160.0033.330.330.330.00
TurkeyBIST 5650036.640.000.000.000.00
ThailandSET 47120045.540.000.000.000.00
SwedenSTOCKHOLM 111100.00100.000.000.000.00
Vietnam HNX 8310040.910.000.000.000.00
UKLSE 60570040.020.000.000.000.00
USNYSE 57950046.210.000.000.000.00
USNASDAQ 49610047.030.000.000.000.00
USOTC PINK 18950049.820.000.000.000.00
USWARRANTS 1000044.000.000.000.000.00
BelgiumBRUSSELS 4540048.240.000.000.000.00
BangladeshDSE 73142.8633.330.000.000.00
ArgentinaBUE 2910045.700.000.000.000.00
FOREXFOREX 1000.000.000.000.000.00
Austria WIENERBORSE 310070.970.000.000.000.00
CanadaTSX 1000.000.000.000.000.00
CanadaCSE 3950057.720.000.000.000.00
CanadaTSX-V 15690054.050.000.000.000.00
BrazilBOVESPA 1000.000.000.000.000.00
BrazilBOVESPA 7780044.730.000.000.000.00
SwitzerlandSIX 14590046.680.000.000.000.00
SwitzerlandSIX 2000.000.000.000.000.00
ChileBCS 110100.000.000.000.000.00
ChileBCS 740052.700.000.000.000.00
IndiaNSE 8400047.980.000.000.000.00
IndiaNSE 1000.000.000.000.000.00
IndiaBSE 12500045.680.000.000.000.00
IsraelTASE 3280046.040.000.000.000.00
Hong KongHKEX 96020044.970.000.000.000.00
Greece ATHENS 4360039.910.000.000.000.00
FrancePARIS 18730045.540.000.000.000.00
SpainIBEX 5650044.600.000.000.000.00
SpainIBEX 53160.0033.330.330.330.00
GermanyXETRA 22620046.070.000.000.000.00
ChinaSZSE 68220043.700.000.000.000.00
Saudi ArabiaTADAWUL 4530042.600.000.000.000.00
QatarQE 1670043.710.000.000.000.00
MalaysiaBURSA 43860045.030.000.000.000.00
MexicoBMV 1850044.320.000.000.000.00
NetherlandsAMSTERDAM 3110046.950.000.000.000.00
PhilippinesPSE 8640045.950.000.000.000.00
PhilippinesPSE 3000.000.000.000.000.00
JapanTOKYO 32166.6750.000.000.000.00
IndonesiaIDX 13240042.070.000.000.000.00
JapanSAPPORO 1000.000.000.000.000.00
UAEUAE 51020.000.000.000.000.00
JordanASE 5260047.150.000.000.000.00
South KoreaKOSDAQ 38650046.030.000.000.000.00
South KoreaKRX 39510043.250.000.000.000.00
KuwaitKSE 4611044.690.000.000.000.00
CanadaTSX 40051045.870.000.000.000.00
AustraliaASX 52531049.190.000.000.000.00
Poland GPW 13811042.430.000.000.000.00
USPREFERRED 7591042.290.000.000.000.00
BangladeshDSE 12391049.310.000.000.000.00
SwedenSTOCKHOLM 15001044.000.000.000.000.00
TaiwanGTSM 27083042.540.000.000.000.00
UAEUAE 3581044.970.000.000.000.00
TaiwanTWSE 46402040.820.000.000.01-0.01
ItalyBORSA 14734044.530.000.000.01-0.01
JapanNAGOYA 1321039.390.000.000.04-0.04
JapanFUKUOKA 223045.450.000.000.20-0.20
PakistanKSE 123125.0033.331.672.00-0.33
AustraliaASX 42050.000.000.000.50-0.50
NorwayOSE 21050.000.000.001.00-1.00
DenmarkCOPENHAGEN 110100.000.000.001.00-1.00
ArgentinaBUE 42050.000.000.001.00-1.00
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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