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 1/1/2016
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
USWARRANTS 83137.5033.337.670.677.00
CanadaCSE 146784254.7952.507.583.963.61
USOTCBB 135238.4640.006.402.803.60
South KoreaKOSDAQ 2279102457745.0656.183.851.202.65
IndiaBSE 86937619343.2751.334.241.792.45
ArgentinaBUE 139623345.3252.383.621.432.19
ChinaSZSE 2800128269245.7953.983.111.092.02
Poland GPW 21150.00100.002.000.002.00
USNASDAQ 3426157979946.3550.313.291.321.97
ChinaSSE 2297108358647.1554.112.921.051.87
QatarQE 132583543.9460.342.190.411.78
SpainIBEX 3231598349.2352.202.650.901.75
PortugalLISBON 71341547.8944.122.791.121.68
South KoreaKRX 2579112459843.6653.112.470.801.67
Hong KongHKEX 66202856134343.2646.893.191.541.65
IsraelTASE 155683743.8754.412.400.751.65
Vietnam HNX 59627612546.3145.292.971.421.55
BrazilBOVESPA 4101727742.2044.512.901.361.53
UKLSE 62233.33100.001.500.001.50
PakistanKSE 139664047.4860.613.552.061.48
Saudi ArabiaTADAWUL 155694444.5263.771.930.481.45
OmanMSM 157546.6771.431.430.001.43
TaiwanGTSM 161072735545.1648.832.300.911.39
Austria WIENERBORSE 94381940.4350.002.180.821.37
IndonesiaIDX 81435416443.3746.462.521.201.32
UKLSE 3453136165639.5648.022.391.081.31
RussiaMICEX 3901908949.2346.352.311.031.28
NorwayOSE 3621717447.2443.272.291.041.25
MalaysiaBURSA 84450.00100.001.250.001.25
USAMEX 4752149845.0545.792.321.111.21
Poland GPW 76031214941.1847.603.071.891.18
The World 72390327811545745.3647.072.551.401.16
FrancePARIS 106448024845.4951.242.281.131.15
JapanNAGOYA 93351337.6337.141.830.711.11
USOTC PINK 2076101245749.1344.805.003.931.06
NetherlandsAMSTERDAM 204985048.0451.021.780.721.05
GermanyXETRA 98348923549.7548.061.930.931.00
CanadaTSX-V 97853425254.7047.104.473.461.00
Vietnam HOSE 31133.33100.001.000.001.00
IndonesiaIDX 53160.0033.331.000.001.00
JapanTOKYO 58722760133447.0048.332.041.041.00
CanadaTSX 2554121753747.6544.122.131.150.99
ItalyBORSA 78833516142.6447.921.880.940.93
AustraliaASX 3009150363849.9842.422.301.410.89
EgyptEGX 3721809248.3951.112.731.860.88
USNYSE 3633166475145.9145.021.600.750.85
KuwaitKSE 3401657248.5343.642.061.250.81
TaiwanTWSE 2616108349541.4045.711.520.720.80
BelgiumBRUSSELS 201883843.7843.181.590.810.78
SwedenSTOCKHOLM 110347320342.8842.922.111.340.77
UAEUAE 2721295947.4345.741.871.120.74
USFOREX 2811639.2954.550.910.180.73
MexicoBMV 97371538.1440.541.620.950.68
ThailandSET 53260.0066.670.670.000.67
PhilippinesPSE 4421878742.3146.521.871.210.65
Vietnam HOSE 93439017341.7644.361.961.380.58
ThailandSET 2485116346546.8039.982.301.740.56
SwitzerlandSIX 87740917046.6441.561.190.640.55
JordanASE 3651836450.1434.971.961.410.55
USPREFERRED 65426812440.9846.270.820.300.51
Greece ATHENS 322963529.8136.462.041.600.44
DenmarkCOPENHAGEN 2861195341.6144.541.340.930.41
BangladeshDSE 111252321947.0341.871.681.310.38
MalaysiaBURSA 2681123253445.9543.342.021.850.17
TurkeyBIST 5232088439.7740.382.021.940.08
SingaporeSGX 131759921045.4835.061.451.400.05
CanadaTSX 1000.000.000.000.000.00
SwitzerlandSIX 1000.000.000.000.000.00
BelgiumBRUSSELS 3000.000.000.000.000.00
Austria WIENERBORSE 1000.000.000.000.000.00
FOREXFOREX 1000.000.000.000.000.00
BangladeshDSE 41025.000.000.000.000.00
IsraelTASE 21050.000.000.000.000.00
FrancePARIS 1000.000.000.000.000.00
Greece ATHENS 1000.000.000.000.000.00
ChinaSSE 6000.000.000.000.000.00
ChileBCS 1000.000.000.000.000.00
ItalyBORSA 1000.000.000.000.000.00
JapanTOKYO 21050.000.000.000.000.00
JapanSAPPORO 1000.000.000.000.000.00
UAEUAE 31033.330.000.000.000.00
PhilippinesPSE 3000.000.000.000.000.00
NetherlandsAMSTERDAM 3000.000.000.000.000.00
SingaporeSGX 53160.0033.330.330.330.00
SpainIBEX 32066.670.000.000.50-0.50
AustraliaASX 110100.000.000.001.00-1.00
ArgentinaBUE 220100.000.000.001.00-1.00
JapanFUKUOKA 178347.0637.500.882.50-1.63
IndiaNSE 67233317149.7051.204.796.96-2.17
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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