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
MexicoBMV 111100.00100.
JapanFUKUOKA 207435.0057.145.960.605.36
CanadaCSE 44325614957.7958.206.922.634.29
USOTCBB 135238.4640.006.402.803.60
South KoreaKOSDAQ 3713165494544.6856.963.941.242.69
CanadaTSX-V 139773739052.7652.925.693.012.68
USNASDAQ 44472146108848.3250.634.201.552.65
EgyptEGX 112641121536.5052.314.051.502.55
IsraelTASE 3371569046.2957.692.950.622.33
SwedenSTOCKHOLM 136758528342.7948.383.741.512.23
BrazilBOVESPA 85538520845.0354.033.501.382.12
MexicoBMV 170784145.8852.563.231.142.09
USAMEX 74133916745.7549.263.391.362.03
Poland GPW 31133.33100.
Hong KongHKEX 85123832184945.0248.253.451.511.94
UKLSE 59052379123340.4751.592.911.011.90
South KoreaKRX 3578156083743.6053.652.790.911.88
Poland GPW 129056528543.8050.443.281.411.88
PhilippinesPSE 80237218346.3849.
FrancePARIS 175382643347.1252.422.901.061.85
OmanMSM 3211837.5066.671.920.081.83
IndonesiaIDX 141860026342.3143.833.001.221.78
NorwayOSE 53422410241.9545.543.011.261.75
ChinaSZSE 62492792147944.6852.972.821.091.73
USOTC PINK 2362117655851.3146.045.513.791.72
ChileBCS 99533053.5456.602.430.751.67
Greece ATHENS 73342.86100.001.670.001.67
Saudi ArabiaTADAWUL 54623213842.4959.482.230.561.66
Austria WIENERBORSE 2461044942.2847.122.580.921.65
JapanNAGOYA 117482341.0347.922.500.891.62
AustraliaASX 51892589118949.8945.933.301.721.59
TurkeyBIST 4821748036.1045.983.211.661.56
IsraelTASE 32166.6750.001.500.001.50
Vietnam HNX 71930412842.2842.113.101.601.50
ChinaSSE 55642422127243.5352.522.440.951.49
USNYSE 51622442119847.3749.002.240.761.48
The World 112286503602451645.2348.272.871.391.48
TaiwanGTSM 240499747941.6447.852.421.001.42
IndiaBSE 118254826246.3647.813.412.001.42
ChinaSSE 173317.65100.001.330.001.33
CanadaTSX 3747171180145.6646.812.541.241.30
KuwaitKSE 4902119543.0645.022.100.831.27
ArgentinaBUE 3011416846.8448.232.901.641.26
Vietnam HOSE 130152224740.1247.322.421.171.25
GermanyXETRA 2159100650646.6950.202.331.081.25
ThailandSET 4872222296045.6143.202.661.521.14
JapanTOKYO 88224139206346.9249.842.181.061.12
MalaysiaBURSA 3110832.2680.
SpainIBEX 56625812045.5846.512.131.071.07
BelgiumBRUSSELS 4332139349.1943.661.760.701.05
PortugalLISBON 31133.33100.
Vietnam HOSE 31133.33100.
IndonesiaIDX 83137.5033.331.000.001.00
ItalyBORSA 51120.00100.
UAEUAE 62133.3350.
GermanyXETRA 21150.00100.
FrancePARIS 51120.00100.
Austria WIENERBORSE 51120.00100.
TaiwanTWSE 4347175978840.4644.801.670.760.91
DenmarkCOPENHAGEN 4131766342.6235.802.051.160.88
ItalyBORSA 145965630444.9646.341.860.990.88
UKLSE 147650.0085.711.000.140.86
BangladeshDSE 99848021648.1045.
NetherlandsAMSTERDAM 2941467249.6649.321.700.950.75
RussiaMICEX 3701465539.4637.672.151.400.75
JordanASE 4992259145.0940.442.051.340.71
BelgiumBRUSSELS 83237.5066.670.670.000.67
NetherlandsAMSTERDAM 83237.5066.670.670.000.67
Greece ATHENS 4021727342.7942.442.261.610.66
UAEUAE 3451506543.4843.331.610.970.63
PakistanKSE 2131074950.2345.792.802.230.58
SwitzerlandSIX 137665426347.5340.211.380.800.58
ThailandSET 84250.0050.000.500.000.50
QatarQE 148562637.8446.431.140.660.47
USFOREX 59231238.9852.170.520.130.39
PortugalLISBON 113501944.2538.
IndiaNSE 1000.
JapanSAPPORO 1000.
JapanTOKYO 32066.670.
BangladeshDSE 93133.3333.330.000.000.00
SwitzerlandSIX 2000.
BrazilBOVESPA 1000.
SpainIBEX 74157.1425.
ChileBCS 110100.
SwedenSTOCKHOLM 111100.00100.
SingaporeSGX 63150.0033.330.330.330.00
PhilippinesPSE 3000.
IndiaNSE 74035718148.2450.704.494.76-0.27
PakistanKSE 143121.4333.331.672.00-0.33
DenmarkCOPENHAGEN 221100.0050.000.000.50-0.50
AustraliaASX 42050.
SingaporeSGX 168079529147.3236.601.662.16-0.51
MalaysiaBURSA 4000184379746.0843.242.412.96-0.55
CanadaTSX 21050.
ArgentinaBUE 52040.
NorwayOSE 31033.330.000.001.00-1.00
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© family websites


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