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
USOTCBB 135238.4640.006.402.803.60
CanadaCSE 2601527558.4649.346.433.572.86
ChileBCS 2714951.8564.293.140.432.71
South KoreaKOSDAQ 3158140176244.4954.233.701.242.46
ArgentinaBUE 188844544.6853.573.691.392.30
IndiaBSE 114850625444.0850.204.091.802.29
IsraelTASE 2511096443.8258.182.890.632.26
PortugalLISBON 86381744.1944.743.471.242.24
USNASDAQ 4170188395045.1650.453.541.432.12
ChinaSSE 122216.67100.002.000.002.00
Poland GPW 31133.33100.002.000.002.00
ChinaSZSE 44111981105644.9153.313.071.161.91
OmanMSM 3211837.5066.671.920.081.83
Saudi ArabiaTADAWUL 2841187141.5560.172.330.531.81
South KoreaKRX 3330142575942.7953.262.660.881.79
MexicoBMV 155652741.9441.542.680.951.72
NorwayOSE 4802129644.1745.282.751.051.70
PhilippinesPSE 66929213643.6546.583.051.391.66
QatarQE 178814845.5159.262.090.461.63
ChinaSSE 3650168188046.0552.352.721.091.62
TaiwanGTSM 220096446843.8248.552.530.911.61
BrazilBOVESPA 58224210741.7544.032.881.291.59
IndonesiaIDX 114148322042.3345.552.881.361.52
Hong KongHKEX 90853975184343.7546.363.121.611.51
UKLSE 72228.57100.001.500.001.50
IsraelTASE 32166.6750.001.500.001.50
UKLSE 51562017100639.1249.882.551.111.45
GermanyXETRA 167378339146.8049.942.341.011.33
MalaysiaBURSA 196631.58100.001.330.001.33
JapanNAGOYA 120461938.3341.302.020.701.33
PakistanKSE 181874948.0756.323.472.161.31
SpainIBEX 45721410246.8347.662.351.051.30
FrancePARIS 152969234745.2650.142.491.201.29
The World 100181447732100644.7146.892.691.491.20
RussiaMICEX 52124710547.4142.512.311.121.19
Poland GPW 114547022241.0547.233.292.121.17
JapanTOKYO 79783706179446.4548.412.201.061.14
NetherlandsAMSTERDAM 2691266146.8448.411.970.871.10
USAMEX 63428612045.1141.962.401.321.08
AustraliaASX 4210206087649.0042.462.601.541.06
SwedenSTOCKHOLM 144663227343.8543.062.531.501.03
USNYSE 4604209796645.5546.071.860.841.02
ItalyBORSA 117448222341.0646.271.980.961.02
PortugalLISBON 111100.00100.001.000.001.00
Vietnam HOSE 31133.33100.001.000.001.00
GermanyXETRA 111100.00100.001.000.001.00
FrancePARIS 31133.33100.001.000.001.00
Greece ATHENS 31133.33100.001.000.001.00
Austria WIENERBORSE 31133.33100.001.000.001.00
ItalyBORSA 31133.33100.001.000.001.00
IndonesiaIDX 63150.0033.331.000.001.00
EgyptEGX 59527414146.0551.462.761.780.97
USPREFERRED 78231212739.9040.711.390.510.89
CanadaTSX-V 125066732453.3648.584.453.560.89
ThailandSET 3806171970045.1740.722.681.800.88
CanadaTSX 3579162569245.4642.532.161.320.83
UAEUAE 3501607245.7145.001.991.160.83
TaiwanTWSE 3650148867240.7745.161.560.760.80
Vietnam HOSE 129752323340.3244.552.101.350.76
Austria WIENERBORSE 158353.3337.501.630.880.75
BelgiumBRUSSELS 3221426044.1042.251.510.780.73
Vietnam HNX 76432713942.8042.512.321.590.72
SwitzerlandSIX 123557423346.4840.591.430.740.69
KuwaitKSE 4191968346.7842.351.931.250.68
MalaysiaBURSA 3709167074845.0344.792.361.700.65
USOTC PINK 3117150667648.5444.685.344.750.59
BelgiumBRUSSELS 62133.3350.000.500.000.50
NetherlandsAMSTERDAM 62133.3350.000.500.000.50
ThailandSET 74257.1450.000.500.000.50
BangladeshDSE 145068129246.9742.881.801.310.49
USFOREX 4416736.3643.750.630.190.44
JordanASE 4802278047.2935.241.621.370.25
Greece ATHENS 3741314735.0335.882.131.910.22
TurkeyBIST 6272419638.4439.831.991.830.16
DenmarkCOPENHAGEN 4111706741.3639.411.231.130.10
SwedenSTOCKHOLM 111100.00100.000.000.000.00
SingaporeSGX 53160.0033.330.330.330.00
JapanSAPPORO 1000.000.000.000.000.00
JapanTOKYO 21050.000.000.000.000.00
IndiaNSE 1000.000.000.000.000.00
PhilippinesPSE 3000.000.000.000.000.00
UAEUAE 51020.000.000.000.000.00
CanadaTSX 1000.000.000.000.000.00
BrazilBOVESPA 1000.000.000.000.000.00
BangladeshDSE 63150.0033.330.000.000.00
SwitzerlandSIX 1000.000.000.000.000.00
SpainIBEX 43175.0033.330.330.330.00
AustraliaASX 32066.670.000.000.50-0.50
SingaporeSGX 172878626245.4933.331.562.27-0.72
FOREXFOREX 147350.0042.860.431.29-0.86
DenmarkCOPENHAGEN 110100.000.000.001.00-1.00
ArgentinaBUE 32066.670.000.001.00-1.00
USWARRANTS 229240.9122.224.225.33-1.11
IndiaNSE 89143320648.6047.584.166.48-2.33
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.

Candlesticker.com is an independent and free website and all the Services provided by Americanbulls.com LLC at Candlesticker.com are completely free of charge. Americanbulls.com LLC does not receive compensation by any direct or indirect means from the visitors and users of this website (or of any other bulls.com© family websites), and from the stocks, securities and other institutions or any underwriters or dealers associated with the broader national or international forex, commodity and stock markets.

You agree that Candlesticker.com and Americanbulls.com LLC its parent company, subsidiaries, affiliates, officers and employees shall not be liable for any direct, indirect, incidental, special or consequential damages.