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 1/1/2015
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
USOTCBB 135238.4640.006.402.803.60
Saudi ArabiaTADAWUL 103493647.5773.473.760.183.57
South KoreaKOSDAQ 214697560945.4362.464.320.943.38
USOTC PINK 2185109760850.3455.275.732.403.33
CanadaCSE 92502354.3546.005.942.643.30
USWARRANTS 169756.2577.784.111.003.11
IndiaBSE 106944625041.7256.054.561.513.04
ChinaSZSE 212593956244.1959.853.820.842.98
OmanMSM 217633.3385.712.860.002.86
SpainIBEX 33616610449.4062.653.520.672.86
PakistanKSE 159724845.2866.673.710.902.81
ChinaSSE 176483847347.5156.443.630.942.69
USNASDAQ 37481716103845.8460.423.620.942.68
QatarQE 140654646.4370.772.890.312.58
Poland GPW 84633618240.0753.693.921.442.49
ArgentinaBUE 124583746.7763.793.591.122.47
TaiwanGTSM 165372341143.7456.852.960.722.24
IndiaNSE 66530415845.7151.974.051.832.21
Hong KongHKEX 58082514124043.2949.323.601.392.21
USAMEX 50422412544.4455.803.451.262.19
South KoreaKRX 2296104760245.6057.502.800.672.13
PortugalLISBON 64372457.8164.862.760.652.11
UKLSE 3315128673938.7957.472.930.872.06
Poland GPW 21150.00100.002.000.002.00
IndonesiaIDX 87435617840.7350.003.081.131.95
AustraliaASX 2775138971150.0551.192.961.161.80
The World 72100326451694445.3051.882.891.101.79
NorwayOSE 3591678946.8052.982.610.891.71
CanadaTSX-V 95351726454.4650.874.512.811.71
BrazilBOVESPA 4442049845.9548.042.781.081.70
IsraelTASE 141603243.2652.462.610.921.69
NetherlandsAMSTERDAM 160703843.7554.292.230.561.67
MexicoBMV 96432644.7960.472.490.861.63
JapanTOKYO 68663154166645.9552.812.500.891.61
PhilippinesPSE 47221711445.9752.532.601.001.60
USNYSE 40631903103046.8154.152.110.561.55
Austria WIENERBORSE 76271635.5359.262.070.561.52
MalaysiaBURSA 32266.67100.001.500.001.50
UKLSE 52240.00100.001.500.001.50
DenmarkCOPENHAGEN 3161367243.0452.942.180.681.50
CanadaTSX 2653129764948.9649.962.420.981.44
TaiwanTWSE 2582107656641.6752.602.030.601.43
ItalyBORSA 71130916843.4654.372.060.651.41
GermanyXETRA 86544923951.9153.232.180.771.41
RussiaMICEX 3481798851.4449.162.431.021.41
ThailandSET 216198942345.7742.772.340.951.39
BelgiumBRUSSELS 148612841.2245.901.930.661.28
EgyptEGX 3791889949.6052.662.761.571.19
FrancePARIS 108247224143.9050.742.070.881.18
Vietnam HOSE 31133.33100.001.000.001.00
IndonesiaIDX 53160.0033.331.000.001.00
Greece ATHENS 291833328.5239.762.401.401.00
SwedenSTOCKHOLM 117349823542.4647.192.091.130.96
JordanASE 3992038050.8839.412.311.420.89
UAEUAE 2431215749.7947.111.901.110.79
KuwaitKSE 5372539847.1138.742.231.430.79
Vietnam HOSE 104744521242.5047.642.041.310.73
USFOREX 2411645.8354.550.910.180.73
Vietnam HNX 67732112747.4239.562.591.870.72
ThailandSET 53260.0066.670.670.000.67
TurkeyBIST 66828211042.2239.012.261.600.66
MalaysiaBURSA 2871129355545.0442.922.001.370.63
JapanNAGOYA 111492244.1444.901.350.710.63
USPREFERRED 63528914745.5150.870.820.210.60
SwitzerlandSIX 82339217747.6345.151.170.590.58
BangladeshDSE 119252521144.0440.191.901.380.53
SingaporeSGX 145066423845.7935.841.761.440.32
UAEUAE 31033.330.000.000.000.00
JapanTOKYO 1000.000.000.000.000.00
JapanSAPPORO 1000.000.000.000.000.00
PhilippinesPSE 3000.000.000.000.000.00
NetherlandsAMSTERDAM 2000.000.000.000.000.00
CanadaTSX 1000.000.000.000.000.00
SwitzerlandSIX 1000.000.000.000.000.00
BelgiumBRUSSELS 2000.000.000.000.000.00
FOREXFOREX 2000.000.000.000.000.00
BangladeshDSE 41025.000.000.000.000.00
IsraelTASE 21050.000.000.000.000.00
ChinaSSE 6000.000.000.000.000.00
ChileBCS 1000.000.000.000.000.00
SpainIBEX 32066.670.000.000.50-0.50
SingaporeSGX 31033.330.000.001.00-1.00
AustraliaASX 110100.000.000.001.00-1.00
ArgentinaBUE 220100.000.000.001.00-1.00
JapanFUKUOKA 135138.4620.000.803.80-3.00
PakistanKSE 61016.670.000.006.00-6.00
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.