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 1/1/2016
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
USWARRANTS 63150.0033.337.670.677.00
USOTCBB 135238.4640.006.402.803.60
CanadaCSE 128683654.6951.436.934.242.69
South KoreaKOSDAQ 203892551145.4455.183.741.232.51
QatarQE 108503546.3070.002.620.362.26
IndiaBSE 80734617642.8750.874.031.802.23
ChinaSZSE 2453111358245.3752.293.181.142.04
Poland GPW 21150.00100.002.000.002.00
IsraelTASE 140663647.1454.552.680.771.91
ChinaSSE 207698052147.2153.162.951.091.86
USNASDAQ 3240149575046.3649.933.181.341.84
SpainIBEX 3031538150.5052.942.730.911.82
PortugalLISBON 60311351.6741.942.550.741.81
South KoreaKRX 2310101253843.9053.062.490.781.71
ArgentinaBUE 135613245.9351.613.131.451.68
OmanMSM 146542.8683.331.670.001.67
BrazilBOVESPA 3801627342.8944.793.011.361.64
Vietnam HNX 58027512647.4145.823.051.451.60
Hong KongHKEX 60632603121143.0046.453.131.571.56
UKLSE 62233.33100.001.500.001.50
TaiwanGTSM 149266332344.4448.722.390.901.49
Saudi ArabiaTADAWUL 118513543.2268.631.980.511.47
UKLSE 3157122259338.8348.372.551.101.45
IndonesiaIDX 74231414842.3247.132.641.211.43
NorwayOSE 3311537046.2245.752.491.081.41
RussiaMICEX 3791868849.6046.812.371.071.29
MalaysiaBURSA 74457.14100.001.250.001.25
Austria WIENERBORSE 78311439.7445.162.130.901.23
USAMEX 4471969044.5245.232.301.101.20
USOTC PINK 192493842748.9145.385.093.901.18
The World 66257299091405445.2046.932.551.381.17
CanadaTSX-V 94952325055.1147.804.553.391.16
Poland GPW 73529314340.0048.643.081.931.15
ItalyBORSA 69729614642.4749.321.940.891.06
GermanyXETRA 89045320950.9046.141.960.921.04
AustraliaASX 2732135658749.6343.292.391.361.03
PakistanKSE 115563248.7057.143.112.111.00
Vietnam HOSE 31133.33100.001.000.001.00
NetherlandsAMSTERDAM 186884647.3152.271.740.741.00
IndonesiaIDX 53160.0033.331.000.001.00
JapanTOKYO 53252499120646.9348.262.021.040.97
UAEUAE 2471215948.9948.761.971.060.91
USNYSE 3345152069045.5345.311.650.760.89
SwedenSTOCKHOLM 101544019143.3543.412.161.300.86
FrancePARIS 95342421644.4950.942.121.260.86
BelgiumBRUSSELS 171753343.8644.001.680.840.84
CanadaTSX 2332112248148.1142.872.071.240.83
TaiwanTWSE 239699345941.4446.221.540.730.81
USFOREX 2711640.7454.550.910.180.73
MexicoBMV 103401738.8342.501.731.000.73
Vietnam HOSE 85135416141.6045.482.121.420.70
KuwaitKSE 3161526348.1041.452.011.320.70
JapanNAGOYA 86331138.3733.331.450.760.70
ThailandSET 53260.0066.670.670.000.67
DenmarkCOPENHAGEN 2681115341.4247.751.480.930.55
PhilippinesPSE 3901707543.5944.121.841.300.54
JordanASE 3391726050.7434.881.981.470.52
SwitzerlandSIX 80138215947.6941.621.130.650.48
Greece ATHENS 316883227.8536.362.071.590.48
USPREFERRED 57524311242.2646.090.750.310.44
ThailandSET 221399740345.0540.422.291.860.44
MalaysiaBURSA 2471112649345.5743.782.041.610.43
IndiaNSE 59528814648.5750.524.644.330.31
EgyptEGX 3341637648.8046.632.292.010.28
BangladeshDSE 104948319646.0440.581.541.300.24
NetherlandsAMSTERDAM 2000.000.000.000.000.00
PhilippinesPSE 3000.000.000.000.000.00
SingaporeSGX 42150.0050.000.500.500.00
JapanSAPPORO 1000.000.000.000.000.00
JapanTOKYO 21050.000.000.000.000.00
UAEUAE 31033.330.000.000.000.00
FOREXFOREX 1000.000.000.000.000.00
SwitzerlandSIX 1000.000.000.000.000.00
IsraelTASE 21050.000.000.000.000.00
CanadaTSX 1000.000.000.000.000.00
ChinaSSE 6000.000.000.000.000.00
ChileBCS 1000.000.000.000.000.00
BelgiumBRUSSELS 2000.000.000.000.000.00
BangladeshDSE 41025.000.000.000.000.00
SingaporeSGX 120853518444.2934.391.331.46-0.13
TurkeyBIST 4731957441.2337.951.672.05-0.37
SpainIBEX 32066.670.000.000.50-0.50
ArgentinaBUE 220100.000.000.001.00-1.00
AustraliaASX 110100.000.000.001.00-1.00
JapanFUKUOKA 168350.0037.500.882.25-1.38
PakistanKSE 71014.290.000.006.00-6.00
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.

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