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.
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.
Pattern Performance in Stock Exchanges since 1/1/2020
Stock Exchange 
Per Trade 
Total Net% Descending
USOTCBB 135238.4640.006.402.803.60
Poland GPW 31133.33100.
OmanMSM 3211837.5066.671.920.081.83
Greece ATHENS 63350.00100.001.670.001.67
IsraelTASE 32166.6750.001.500.001.50
ChinaSSE 163318.75100.001.330.001.33
MalaysiaBURSA 2810835.7180.
Vietnam HOSE 31133.33100.
PortugalLISBON 21150.00100.
Austria WIENERBORSE 41125.00100.
FrancePARIS 41125.00100.
IndonesiaIDX 83137.5033.331.000.001.00
GermanyXETRA 111100.00100.
ItalyBORSA 41125.00100.
UAEUAE 62133.3350.
UKLSE 147650.0085.711.000.140.86
NetherlandsAMSTERDAM 73242.8666.670.670.000.67
BelgiumBRUSSELS 73242.8666.670.670.000.67
ThailandSET 84250.0050.000.500.000.50
USFOREX 5420937.0445.000.550.150.40
DenmarkCOPENHAGEN 3572241.461.350.110.000.11
Poland GPW 11783243.210.390.070.000.07
RussiaMICEX 4331139.260.590.030.000.03
Vietnam HOSE 12293239.540.410.030.010.02
EgyptEGX 9474238.440.550.030.010.02
The World 10341499947545.
USAMEX 6492145.450.340.050.030.01
ChinaSSE 51614343.
JapanTOKYO 80511147.
SingaporeSGX 53160.0033.330.330.330.00
PortugalLISBON 1000044.
TaiwanTWSE 40000040.400.
TurkeyBIST 4610036.660.
ThailandSET 44210045.350.
NorwayOSE 4710042.460.
SwedenSTOCKHOLM 111100.00100.
Vietnam HNX 6710042.770.
USOTC PINK 19480051.490.
USNYSE 48180047.
USNASDAQ 41050048.
UKLSE 54310040.550.
PakistanKSE 1830050.820.
BelgiumBRUSSELS 3950048.610.
BangladeshDSE 83137.5033.330.000.000.00
ArgentinaBUE 2650046.420.
Austria WIENERBORSE 2140044.390.
SwitzerlandSIX 12300047.800.
SwitzerlandSIX 2000.
CanadaCSE 4060055.910.
CanadaTSX-V 13350052.730.
BrazilBOVESPA 1000.
BrazilBOVESPA 7310046.
Hong KongHKEX 79780044.790.
IndonesiaIDX 12130042.
SpainIBEX 5180044.400.
SpainIBEX 64166.6725.
Greece ATHENS 3840043.490.
FrancePARIS 16120046.
GermanyXETRA 20120046.420.
ChileBCS 110100.
ChileBCS 880052.
ChinaSZSE 57960044.
Saudi ArabiaTADAWUL 4980042.370.
QatarQE 1360039.710.
MalaysiaBURSA 35710045.
MexicoBMV 1650047.
KuwaitKSE 4490042.980.
PhilippinesPSE 7430045.630.
PhilippinesPSE 3000.
NetherlandsAMSTERDAM 2650049.
IndiaNSE 7090048.520.
IndiaNSE 1000.
IndiaBSE 10680046.720.
IsraelTASE 3110047.
JapanTOKYO 32066.670.
JapanSAPPORO 1000.
JapanNAGOYA 1020044.
JordanASE 4410044.
South KoreaKOSDAQ 33850044.930.
South KoreaKRX 33190043.390.
CanadaTSX 35071045.680.
AustraliaASX 47971049.970.
BangladeshDSE 9951049.
TaiwanGTSM 22572041.960.
ItalyBORSA 13401044.930.
SwedenSTOCKHOLM 12451042.890.
UAEUAE 3081045.
SingaporeSGX 15791048.
JapanFUKUOKA 182038.890.000.000.24-0.24
PakistanKSE 143121.4333.331.672.00-0.33
AustraliaASX 42050.
NorwayOSE 31033.330.000.001.00-1.00
DenmarkCOPENHAGEN 110100.
CanadaTSX 21050.
ArgentinaBUE 42050.
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© family websites


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