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 1/1/2017
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
ChileBCS 138761.5487.504.630.254.38
USOTCBB 135238.4640.006.402.803.60
JapanFUKUOKA 2611542.3145.454.090.643.45
ChinaSSE 91111.11100.003.000.003.00
CanadaCSE 1911035453.9352.436.443.682.76
South KoreaKOSDAQ 3210144881645.1156.354.011.272.74
USNASDAQ 46462117110545.5752.203.681.282.40
IndiaBSE 138561430844.3350.164.241.902.35
ArgentinaBUE 164763846.3450.003.841.552.29
Saudi ArabiaTADAWUL 2801227643.5762.302.750.542.21
IsraelTASE 2411076244.4057.942.880.782.10
PhilippinesPSE 74332215943.3449.383.301.242.06
OmanMSM 3212937.5075.002.080.082.00
Poland GPW 21150.00100.002.000.002.00
Hong KongHKEX 89163892186643.6547.943.541.601.94
ChinaSZSE 3874172089044.4051.743.181.271.91
MexicoBMV 137562640.8846.432.590.711.88
South KoreaKRX 3392149981044.1954.042.760.911.85
Poland GPW 117347423540.4149.583.621.791.83
SpainIBEX 45220910346.2449.282.780.971.80
TaiwanGTSM 2391104351143.6248.992.710.941.77
IndonesiaIDX 127753524941.9046.542.961.221.74
ChinaSSE 3102144273046.4950.622.921.211.71
NorwayOSE 51822810944.0247.812.741.051.69
PortugalLISBON 99452245.4548.892.781.161.62
USAMEX 69332215446.4647.833.001.391.61
QatarQE 212965445.2856.252.070.481.59
UKLSE 52672048102538.9250.002.621.031.58
EgyptEGX 64430516147.3652.793.111.571.54
UKLSE 62233.33100.001.500.001.50
IsraelTASE 32166.6750.001.500.001.50
BrazilBOVESPA 63926111440.8543.682.921.421.50
PakistanKSE 2301066346.0959.433.321.871.45
JapanTOKYO 94704347217845.9050.102.441.001.44
MalaysiaBURSA 155533.33100.001.400.001.40
The World 105037471902262144.9647.912.821.441.38
CanadaTSX 3765176181146.7746.052.501.131.38
KuwaitKSE 61428613446.5846.852.481.141.34
CanadaTSX-V 121865232553.5349.854.833.521.32
FrancePARIS 162775338246.2850.732.421.131.29
USNYSE 54172510122746.3448.882.020.721.29
GermanyXETRA 152674536348.8248.722.270.991.28
Austria WIENERBORSE 94244.4450.002.000.751.25
AustraliaASX 4122202789849.1844.302.701.461.25
ItalyBORSA 115548022841.5647.501.960.851.11
Vietnam HNX 87338216543.7643.192.521.471.05
RussiaMICEX 4472189248.7742.202.291.251.04
SwedenSTOCKHOLM 162869529042.6941.732.461.441.02
USPREFERRED 92138717842.0245.991.410.411.00
FrancePARIS 21150.00100.001.000.001.00
IndonesiaIDX 63150.0033.331.000.001.00
GermanyXETRA 111100.00100.001.000.001.00
BelgiumBRUSSELS 41125.00100.001.000.001.00
Austria WIENERBORSE 21150.00100.001.000.001.00
ItalyBORSA 21150.00100.001.000.001.00
JapanNAGOYA 147602540.8241.671.950.951.00
Greece ATHENS 21150.00100.001.000.001.00
NetherlandsAMSTERDAM 41125.00100.001.000.001.00
PortugalLISBON 111100.00100.001.000.001.00
Vietnam HOSE 31133.33100.001.000.001.00
TaiwanTWSE 3899159473540.8846.111.760.761.00
NetherlandsAMSTERDAM 2561196046.4850.421.991.040.95
Vietnam HOSE 153564329341.8945.572.191.330.86
DenmarkCOPENHAGEN 4431858841.7647.571.820.960.86
ThailandSET 3707173472946.7842.042.741.910.83
SwitzerlandSIX 123257223146.4340.381.540.750.79
JordanASE 5182549649.0337.802.091.380.71
ThailandSET 53260.0066.670.670.000.67
UAEUAE 3431596946.3643.401.921.280.65
USFOREX 3713635.1446.150.770.150.62
BelgiumBRUSSELS 2991275042.4739.371.460.860.60
USOTC PINK 3347163575349.6645.314.924.340.58
BangladeshDSE 167675832545.2342.881.911.360.54
MalaysiaBURSA 4140184381944.5244.442.331.810.52
TurkeyBIST 88835214039.6439.772.351.870.49
Greece ATHENS 3471345038.6237.312.122.070.05
SingaporeSGX 53160.0033.330.330.330.00
IndiaNSE 1000.000.000.000.000.00
JapanTOKYO 21050.000.000.000.000.00
JapanSAPPORO 1000.000.000.000.000.00
UAEUAE 51020.000.000.000.000.00
PhilippinesPSE 3000.000.000.000.000.00
CanadaTSX 1000.000.000.000.000.00
SwitzerlandSIX 1000.000.000.000.000.00
BrazilBOVESPA 1000.000.000.000.000.00
BangladeshDSE 62033.330.000.000.000.00
SpainIBEX 43175.0033.330.330.330.00
AustraliaASX 32066.670.000.000.50-0.50
SingaporeSGX 202993533546.0835.831.782.39-0.61
IndiaNSE 98547624148.3250.634.335.07-0.74
DenmarkCOPENHAGEN 110100.000.000.001.00-1.00
ArgentinaBUE 32066.670.000.001.00-1.00
FOREXFOREX 63250.0066.670.001.67-1.67
PakistanKSE 81012.500.000.006.00-6.00
USWARRANTS 103030.000.000.0012.33-12.33
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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