BEARISH MATCHING HIGH
The chart showing Series 1 series.
To evaluate the performance of the pattern in your stock exchange within the context of other global markets, please refer to the table below. Locate your stock market to see its ranking among others. This will provide insights into the pattern’s strength and reliability, aiding you in your buying and selling decisions.
BEARISH MATCHING HIGH
Definition
This pattern occurs when two consecutive white candlesticks appear in an uptrend, both having equal closing prices. It signals that a top has been reached, as the new high was tested but failed to hold, indicating a strong resistance level.
Recognition Criteria
1. The market is currently defined by a dominant upward trend.
2. A white body is observed on the first day.
3. On the second day, another white candlestick forms, with its closing price exactly matching the closing price of the first day.
Pattern Requirements and Flexibility
The Bullish Matching High pattern is composed of two white candlesticks. The first candlestick should have a normal or long body, and both candlesticks should close at the same level.
Trader’s Behavior
The market has been rising, as indicated by another strong white candlestick day. On the following day, the market opens lower, trades even lower, but closes at the same price as the previous day. This pattern suggests short-term resistance and is likely to cause concern among bullish traders. The market psychology here is not just influenced by the daily trading actions, but by the fact that both days close at the same level.
Sell/Stop-Loss Levels
The confirmation level is determined as the midpoint of the first white candlestick. For confirmation, prices must move below this level.

The stop-loss level is defined as the higher of the last two highs. Following the bearish signal, if prices rise instead of falling and either close above or make two consecutive daily highs above the stop-loss level, without detecting any bullish pattern, the stop-loss is triggered.
Title
Pattern Performance in Stock Exchanges since 1/1/2022
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
JapanFSE 244116.6725.008.741.017.73
CanadaCSE 40722512456.0254.397.523.184.34
CanadaTSXV 149873837350.8049.015.422.802.62
JapanNSE 108493048.1557.693.280.672.61
USNASDAQ 44712010101845.9649.544.461.872.60
IsraelTASE 3641638845.6053.013.120.852.27
South KoreaKOSDAQ 3920172297444.6755.633.411.162.24
FrancePARIS 163371636245.1349.123.071.141.93
Hong KongHKEX 78863502166045.1846.593.391.591.79
MexicoBMV 152764250.6654.552.841.061.78
USAMEX 83034917543.7348.212.891.131.76
South KoreaKRX 3531146579742.2353.452.680.931.75
BrazilBOVESPA 115348725344.1549.712.991.291.71
TurkeyBIST 3251356841.5450.373.501.821.67
USOTC MARKETS 3140147168549.6543.945.814.181.63
ChinaSZSE 70823154165245.2751.532.731.121.61
SwedenOMX STOCKHOLM 151665731844.4647.183.271.651.61
IndonesiaIDX 171470931342.4243.052.831.241.59
TaiwanTPEx 2619107153941.8949.132.400.861.53
PhilippinesPSE 87839819746.0148.762.671.201.48
EgyptEGX 118638016832.4643.643.492.041.45
ChileBCS 164784548.1756.962.451.011.44
IndiaNSE 4111868845.7446.813.271.841.44
CanadaTSX 3630157773144.9044.852.601.161.43
Saudi ArabiaTADAWUL 63427415444.0155.202.100.681.42
ChinaSSE 66122900152644.3652.032.290.921.38
Austria WIENERBÖRSE 3281427044.8247.622.270.961.31
Poland GPW 144763231144.7847.992.971.671.29
Vietnam HOSE 132552824540.9845.122.331.081.25
AustraliaASX 51442536113950.4943.863.211.991.22
BangladeshDSE 83138718948.0147.372.331.141.20
USNYSE 50832360107748.0244.122.020.881.14
JapanTSE 91294105202646.2448.002.151.031.12
The WorldWORLD MARKETS 115751507312432545.2146.482.761.651.11
Vietnam HNX 78635014345.1740.282.591.481.10
ItalyMILAN 139461528245.5544.412.050.961.09
KuwaitBOURSA KUWAIT 5472339343.8838.752.111.081.03
NorwayOSE 58123910242.3441.462.531.630.90
TaiwanTWSE 4700189785541.3044.051.680.790.89
GermanyXETRA 218994843245.8243.071.941.110.83
BelgiumBRUSSELS 4312138651.2838.911.650.870.78
SpainBME 63927112143.0444.001.821.080.74
NetherlandsAMSTERDAM 2851376650.8845.521.430.790.64
ArgentinaBCBA 3461576547.6939.392.622.000.61
UAEDFM-ADX 3951627341.5244.511.560.950.61
ThailandSET 53882444107546.3143.092.622.120.51
SwitzerlandSIX 151466926845.6438.781.290.860.44
PortugalLISBON 97431844.3341.861.411.020.39
Greece ATHEX 3751536841.0744.161.711.350.36
QatarQE 156602540.3839.680.900.740.17
IndiaBSE 94440418643.8644.932.612.460.15
SingaporeSGX 164275327246.7135.461.501.500.00
JordanASE 5242047440.0835.241.641.75-0.11
DenmarkOMX COPENHAGEN 4231906945.8635.571.611.85-0.25
PakistanPSX 3351455143.8834.691.702.51-0.82
MalaysiaBURSA MALAYSIA 4431201781546.2639.762.263.46-1.20
UKLSE 50382024103641.2149.902.925.26-2.34
Patterns Total: The number of occurrences of this particular pattern during the specified period.
Confirmed Total: The number of detected patterns that were confirmed and converted into signals.
Profitable Signals: The number of confirmed patterns that resulted in profitable trades.
Confirmation %: The percentage of confirmed patterns relative to the total occurrences of this pattern.
Profitable Signal %: The percentage of successful confirmed patterns relative to the total confirmed patterns.
Per Trade Profit %: Total Profits divided by Total Trades.
Per Trade Loss %: Total Losses divided by Total Trades.
Per Trade Net%: (Total Profits minus Total Losses) divided by the Total Number of Trades.
Samples: Live sample ticker symbols from stock exchanges, with links to the related bulls.com© family websites’ stock pages.

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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