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 1/1/2021
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
MexicoBMV 111100.00100.009.000.009.00
JapanFUKUOKA 298427.5950.004.490.494.00
USOTCBB 135238.4640.006.402.803.60
CanadaCSE 43924813856.4955.656.663.213.44
JapanNAGOYA 111492844.1457.143.680.702.98
CanadaTSX-V 141473938852.2652.505.752.802.95
USNASDAQ 45192120108146.9150.994.361.712.65
South KoreaKOSDAQ 3847172597744.8956.573.571.222.35
EgyptEGX 130946122535.2248.813.841.722.11
USOTC PINK 3023153672450.8847.076.194.152.04
FrancePARIS 170879640946.6051.383.181.182.00
Poland GPW 31133.33100.002.000.002.00
Hong KongHKEX 83253773182145.3248.263.531.551.98
TurkeyBIST 4351536835.1744.443.541.591.95
USAMEX 81835617143.5248.033.091.241.86
UKLSE 59952477127741.3351.532.881.031.85
OmanMSM 3211837.5066.671.920.081.83
IsraelTASE 3511618445.8752.172.720.891.83
BrazilBOVESPA 105148225146.1551.753.291.501.79
South KoreaKRX 3605153082042.4453.592.690.971.72
MexicoBMV 162783948.1550.002.961.251.71
ChinaSZSE 66913014159245.0552.822.821.141.68
Greece ATHENS 93333.33100.001.670.001.67
Saudi ArabiaTADAWUL 59626115243.7958.242.260.631.63
ChileBCS 138714051.4556.342.480.881.60
SwedenSTOCKHOLM 148064830343.7846.763.401.811.59
ChinaSSE 60882682144144.0553.732.470.931.54
Poland GPW 135160030144.4150.173.011.531.48
IndonesiaIDX 165370430042.5942.612.741.291.45
PhilippinesPSE 85038718245.5347.032.711.271.44
Vietnam HOSE 138956827340.8948.062.501.071.43
Austria WIENERBORSE 3091366344.0146.322.361.011.36
The World 117579525782517845.1647.422.811.481.32
TaiwanGTSM 2530105549341.7046.732.321.001.32
USNYSE 52862490114847.1146.102.110.821.29
CanadaTSX 3828172780545.1146.612.511.231.27
Vietnam HNX 76433313843.5941.442.731.511.22
NorwayOSE 61025811742.3045.352.631.451.18
MalaysiaBURSA 3312936.3675.001.170.081.08
AustraliaASX 53382693118950.4544.153.031.951.08
JapanTOKYO 90374219206746.6948.992.121.091.03
BangladeshDSE 87940719146.3046.932.301.291.00
RussiaMICEX 111100.00100.001.000.001.00
UAEUAE 62133.3350.001.000.001.00
IndonesiaIDX 83137.5033.331.000.001.00
ItalyBORSA 71114.29100.001.000.001.00
GermanyXETRA 31133.33100.001.000.001.00
FrancePARIS 71114.29100.001.000.001.00
ChinaSSE 194321.0575.001.000.001.00
Austria WIENERBORSE 71114.29100.001.000.001.00
IndiaBSE 112952423946.4145.613.302.340.96
KuwaitKSE 55023910043.4541.842.001.040.96
SpainIBEX 63427212642.9046.321.981.040.94
UKLSE 1810755.5670.001.000.100.90
ItalyBORSA 158570131244.2344.511.911.030.88
GermanyXETRA 220299847445.3247.492.021.150.87
TaiwanTWSE 4616188582140.8443.551.590.810.78
UAEUAE 3881667542.7845.181.740.960.78
BelgiumBRUSSELS 4282148750.0040.651.630.920.71
NetherlandsAMSTERDAM 2811366948.4050.741.490.830.67
USFOREX 72281638.8957.140.750.110.64
ThailandSET 55052521108745.7943.122.511.870.64
JordanASE 5222108040.2338.102.191.580.61
SwitzerlandSIX 150470827647.0738.981.420.840.58
Greece ATHENS 4221758041.4745.711.921.410.51
PortugalLISBON 52240.00100.000.500.000.50
IsraelTASE 118372.7337.500.630.130.50
PakistanKSE 2731215144.3242.152.532.080.46
DenmarkCOPENHAGEN 4532067945.4738.351.611.150.46
ArgentinaBUE 130622547.6940.322.882.430.46
ThailandSET 116354.5550.000.500.170.33
NetherlandsAMSTERDAM 156240.0033.330.330.000.33
BelgiumBRUSSELS 156240.0033.330.330.000.33
PortugalLISBON 115512044.3539.221.551.310.24
QatarQE 167662639.5239.390.870.680.19
Vietnam HOSE 42150.0050.000.500.500.00
USWARRANTS 1000044.000.000.000.000.00
TurkeyBIST 1000.000.000.000.000.00
SwedenSTOCKHOLM 21150.00100.000.000.000.00
RussiaMICEX 3720039.520.000.000.000.00
SingaporeSGX 63150.0033.330.330.330.00
PhilippinesPSE 4000.000.000.000.000.00
ChileBCS 110100.000.000.000.000.00
CanadaTSX 32166.6750.000.500.500.00
SwitzerlandSIX 5000.000.000.000.000.00
BrazilBOVESPA 1000.000.000.000.000.00
JapanSAPPORO 1000.000.000.000.000.00
JapanTOKYO 42050.000.000.000.000.00
IndiaNSE 1000.000.000.000.000.00
USPREFERRED 7591042.290.000.000.000.00
SpainIBEX 95155.5620.000.200.40-0.20
SingaporeSGX 173981930047.1036.631.601.80-0.21
PakistanKSE 154226.6750.001.251.50-0.25
BangladeshDSE 196231.5833.330.000.33-0.33
AustraliaASX 42050.000.000.000.50-0.50
IndiaNSE 64932415449.9247.534.234.88-0.65
DenmarkCOPENHAGEN 331100.0033.330.000.67-0.67
NorwayOSE 31033.330.000.001.00-1.00
FOREXFOREX 51020.000.000.001.00-1.00
ArgentinaBUE 52040.000.000.001.00-1.00
MalaysiaBURSA 4335198779545.8440.012.213.43-1.22
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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