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 1/1/2017
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
ChileBCS 179852.9488.894.330.224.11
USOTCBB 135238.4640.006.402.803.60
JapanFUKUOKA 2411545.8345.454.090.733.36
CanadaCSE 2141206556.0754.176.453.333.12
ChinaSSE 101110.00100.003.000.003.00
South KoreaKOSDAQ 3299148183344.8956.253.961.282.68
USNASDAQ 47142142109745.4451.213.631.322.31
Saudi ArabiaTADAWUL 2961257942.2363.202.820.532.29
PortugalLISBON 100462346.0050.003.391.132.26
IndiaBSE 144264232144.5250.004.161.962.20
IsraelTASE 2541116643.7059.462.930.752.18
ArgentinaBUE 173793845.6648.103.701.562.14
Poland GPW 31133.33100.002.000.002.00
ChinaSZSE 4038178892144.2851.513.161.271.88
Hong KongHKEX 91734005191643.7547.743.481.601.88
PhilippinesPSE 77033416243.3848.503.201.361.84
OmanMSM 3211837.5066.671.920.081.83
South KoreaKRX 3506154182544.0453.432.710.901.81
TaiwanGTSM 2481107452543.2948.882.700.931.77
IndonesiaIDX 132455025441.5446.182.991.251.75
SpainIBEX 46621510746.1449.772.690.971.72
Poland GPW 123649925540.3751.103.551.861.69
ChinaSSE 3210148474946.2350.472.901.221.68
MexicoBMV 149602740.2745.002.450.781.67
NorwayOSE 53223211043.6147.412.711.051.66
UKLSE 54292106105538.8750.002.631.021.62
QatarQE 215965444.6556.252.070.481.59
USAMEX 71632915545.9547.112.981.411.57
PakistanKSE 2341076245.7357.943.461.901.56
IsraelTASE 32166.6750.001.500.001.50
UKLSE 72228.57100.001.500.001.50
EgyptEGX 66831116246.5652.093.121.621.50
BrazilBOVESPA 66226711340.7941.852.841.411.43
JapanTOKYO 97444501225846.1950.172.421.001.42
MalaysiaBURSA 165531.25100.001.400.001.40
The World 108442486152326144.8947.782.801.441.36
CanadaTSX-V 125767133553.3849.934.823.461.36
FrancePARIS 170777939645.8150.642.451.131.32
GermanyXETRA 163979639948.5750.132.311.011.30
KuwaitKSE 61929113147.0145.022.441.151.29
AustraliaASX 4310211494549.1044.662.751.471.28
USNYSE 55002542124446.2448.922.000.741.25
Austria WIENERBORSE 104240.0050.002.000.751.25
CanadaTSX 3846178881446.4945.532.461.231.23
NetherlandsAMSTERDAM 2651236546.4252.852.050.821.23
RussiaMICEX 4692269848.1943.362.351.211.14
SwedenSTOCKHOLM 168372330642.9642.322.511.421.09
JapanNAGOYA 144612642.3642.622.000.931.07
ItalyBORSA 120649423041.2946.181.920.871.04
Vietnam HOSE 31133.33100.001.000.001.00
PortugalLISBON 111100.00100.001.000.001.00
Austria WIENERBORSE 21150.00100.001.000.001.00
BelgiumBRUSSELS 41125.00100.001.000.001.00
Greece ATHENS 21150.00100.001.000.001.00
FrancePARIS 21150.00100.001.000.001.00
GermanyXETRA 111100.00100.001.000.001.00
NetherlandsAMSTERDAM 41125.00100.001.000.001.00
ItalyBORSA 21150.00100.001.000.001.00
IndonesiaIDX 63150.0033.331.000.001.00
TaiwanTWSE 4074167277141.0446.111.740.750.99
USPREFERRED 92438416741.5643.491.370.410.96
Vietnam HOSE 155665130141.8446.242.181.280.89
USOTC PINK 3478168178549.2845.804.944.160.78
SwitzerlandSIX 126158924146.7140.921.530.750.78
ThailandSET 3877180474746.5641.392.681.910.77
Vietnam HNX 88038716343.9842.122.241.480.76
UAEUAE 3551637245.9244.171.981.250.73
BelgiumBRUSSELS 3101315442.2641.221.550.830.72
DenmarkCOPENHAGEN 4551918841.9846.071.761.070.69
ThailandSET 63250.0066.670.670.000.67
JordanASE 5152499548.3538.152.021.390.63
USFOREX 3713635.1446.150.770.150.62
MalaysiaBURSA 4289190984744.5144.372.331.810.52
BangladeshDSE 169776632945.1442.951.861.360.50
TurkeyBIST 89735714139.8039.502.311.860.45
Greece ATHENS 3631355037.1937.042.102.060.04
SwedenSTOCKHOLM 111100.00100.000.000.000.00
SingaporeSGX 53160.0033.330.330.330.00
JapanSAPPORO 1000.000.000.000.000.00
JapanTOKYO 21050.000.000.000.000.00
IndiaNSE 1000.000.000.000.000.00
UAEUAE 51020.000.000.000.000.00
PhilippinesPSE 3000.000.000.000.000.00
CanadaTSX 1000.000.000.000.000.00
BrazilBOVESPA 1000.000.000.000.000.00
BangladeshDSE 63150.0033.330.000.000.00
SwitzerlandSIX 1000.000.000.000.000.00
SpainIBEX 43175.0033.330.330.330.00
IndiaNSE 102048624747.9450.514.334.71-0.38
AustraliaASX 32066.670.000.000.50-0.50
SingaporeSGX 205895433246.3634.801.742.40-0.66
DenmarkCOPENHAGEN 110100.000.000.001.00-1.00
ArgentinaBUE 32066.670.000.001.00-1.00
FOREXFOREX 63250.0066.670.001.67-1.67
PakistanKSE 81012.500.000.006.00-6.00
USWARRANTS 103030.000.000.0012.33-12.33
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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