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 1/1/2021
Stock Exchange 
Per Trade 
Total Net% Descending
MexicoBMV 111100.00100.
CanadaCSE 43325514158.8955.296.753.143.61
USOTCBB 135238.4640.006.402.803.60
JapanFUKUOKA 2510440.0040.004.180.713.47
CanadaTSX-V 143875240652.2953.995.812.842.97
USNASDAQ 45722164111447.4451.364.231.632.60
South KoreaKOSDAQ 3906176799045.2456.033.831.242.59
EgyptEGX 122643221635.2450.003.911.522.40
IsraelTASE 3411568645.7555.132.900.682.22
MexicoBMV 167784146.7152.563.141.102.05
Poland GPW 31133.33100.
Hong KongHKEX 85313883187945.5248.393.461.531.94
USOTC PINK 2674131363251.1246.235.723.841.88
BrazilBOVESPA 96742022543.4353.573.331.461.87
OmanMSM 3211837.5066.671.920.081.83
South KoreaKRX 3646157184543.0953.792.760.941.81
USAMEX 80936317144.8747.113.131.341.80
ChileBCS 112573250.8956.142.550.831.72
ChinaSZSE 67443012160444.6653.252.821.121.71
Greece ATHENS 93333.33100.001.670.001.67
JapanNAGOYA 130512739.2352.942.681.041.64
PhilippinesPSE 84238818446.0847.422.871.291.58
AustraliaASX 53672681123449.9546.033.221.751.47
ChinaSSE 61102660139743.5452.522.400.941.45
USNYSE 54482568123147.1447.942.150.771.38
CanadaTSX 3948178385445.1647.902.531.181.35
TaiwanGTSM 2467104148642.3646.512.270.991.28
KuwaitKSE 4802129144.1742.922.220.981.24
The World 117567396541936045.1636.462.171.091.09
Vietnam HOSE 136356025741.0945.892.211.131.08
JapanTOKYO 92054335217347.0950.
Vietnam HNX 75132113142.7440.812.701.631.07
Austria WIENERBORSE 71114.29100.
FrancePARIS 71114.29100.
ChinaSSE 184322.2275.
GermanyXETRA 31133.33100.
MalaysiaBURSA 3211834.3872.731.090.091.00
UAEUAE 62133.3350.
ItalyBORSA 71114.29100.
IndonesiaIDX 83137.5033.331.000.001.00
IsraelTASE 53160.0033.331.000.001.00
PortugalLISBON 41125.00100.
UKLSE 169756.2577.781.110.111.00
TaiwanTWSE 4651190184140.8744.241.630.760.87
ArgentinaBUE 3291446644.6844.902.491.690.79
BangladeshDSE 92443518747.0842.991.991.260.72
USFOREX 64261440.6353.850.810.120.69
PakistanKSE 2371094845.9944.042.872.220.64
BelgiumBRUSSELS 134230.7750.000.500.000.50
NetherlandsAMSTERDAM 134230.7750.000.500.000.50
JordanASE 5172218242.7537.102.051.560.48
QatarQE 165612836.9745.901.050.620.43
ThailandSET 116354.5550.000.500.170.33
DenmarkCOPENHAGEN 4312243.621.
Poland GPW 13343244.150.340.060.000.06
PortugalLISBON 1191147.061.790.010.000.01
IndiaNSE 7190048.960.
IndiaNSE 1000.
IndiaBSE 11800045.760.
IndonesiaIDX 15330042.660.
JapanTOKYO 42050.
ItalyBORSA 15300043.920.
JapanSAPPORO 1000.
NetherlandsAMSTERDAM 2990047.490.
NorwayOSE 5660042.
Saudi ArabiaTADAWUL 5880044.560.
Austria WIENERBORSE 2790042.650.
BelgiumBRUSSELS 4470049.890.
BrazilBOVESPA 1000.
ChileBCS 110100.
SwitzerlandSIX 14720047.690.
SwitzerlandSIX 5000.
GermanyXETRA 22160045.490.
SpainIBEX 6170044.410.
Greece ATHENS 4210042.
FrancePARIS 17550046.720.
UKLSE 61040041.
Vietnam HOSE 42150.0050.000.500.500.00
TurkeyBIST 4700035.960.
TurkeyBIST 1000.
ThailandSET 52940045.
SingaporeSGX 63150.0033.330.330.330.00
PhilippinesPSE 3000.
SwedenSTOCKHOLM 111100.00100.
RussiaMICEX 3720039.520.
UAEUAE 3625145.030.610.020.020.00
SwedenSTOCKHOLM 14511042.660.
SpainIBEX 95155.5620.000.200.40-0.20
BangladeshDSE 104140.0025.000.000.25-0.25
PakistanKSE 143121.4333.331.672.00-0.33
AustraliaASX 42050.
SingaporeSGX 175783030247.2436.391.642.26-0.62
DenmarkCOPENHAGEN 331100.0033.330.000.67-0.67
MalaysiaBURSA 4196190777745.4540.742.213.09-0.88
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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