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 94144.4425.005.750.755.00
USOTCBB 135238.4640.006.402.803.60
CanadaCSE 157864557.3250.006.433.472.97
PortugalLISBON 106452342.4551.113.530.802.73
South KoreaKOSDAQ 3552157492444.3458.673.871.182.69
USNASDAQ 49932310122646.2653.073.521.212.31
BrazilBOVESPA 75532115942.5249.533.421.182.24
Poland GPW 121750625641.5850.593.711.682.03
Poland GPW 21150.00100.002.000.002.00
SpainIBEX 49221810844.3149.542.940.961.98
CanadaTSX-V 123468635755.5952.045.013.081.93
ChinaSZSE 43001890100043.9552.913.061.131.93
IndiaBSE 163171935544.0849.374.002.081.92
Saudi ArabiaTADAWUL 3141459146.1862.762.400.521.88
Hong KongHKEX 95904193200343.7447.753.361.581.77
IsraelTASE 2331005742.9257.002.650.921.73
South KoreaKRX 42691895101644.3953.612.580.861.72
ChinaSSE 3637165884845.5951.152.721.111.61
TaiwanGTSM 2314103551244.7349.472.570.981.59
OmanMSM 43231653.4969.571.780.221.57
UKLSE 62233.33100.001.500.001.50
USAMEX 80237318846.5150.402.721.251.47
EgyptEGX 63930815648.2050.653.061.671.40
KuwaitKSE 78836116245.8144.882.641.251.39
ItalyBORSA 113548924443.0849.902.140.761.38
NorwayOSE 57625211443.7545.242.421.061.37
UKLSE 54052147106039.7449.352.401.041.36
IndonesiaIDX 145362728043.1544.662.411.111.30
The World 112855508352435345.0747.882.631.341.29
QatarQE 209894642.5851.691.790.511.28
NetherlandsAMSTERDAM 2631215746.0147.112.040.781.26
MalaysiaBURSA 84450.00100.001.250.001.25
Vietnam HNX 86038316344.5342.562.701.491.21
CanadaTSX 4379209198047.7546.872.241.051.19
USNYSE 61182851137246.6048.121.790.651.14
AustraliaASX 4222204190348.3444.242.471.331.14
FrancePARIS 171878639045.7549.622.161.031.14
JapanNAGOYA 151592439.0740.682.070.931.14
RussiaMICEX 4522249949.5644.202.271.141.13
JapanTOKYO 101354662225846.0048.432.151.031.11
GermanyXETRA 141869033448.6648.412.081.001.09
Austria WIENERBORSE 135542340.0042.591.830.761.07
USOTC PINK 3400164077548.7446.774.773.711.06
DenmarkCOPENHAGEN 4581959142.5846.671.940.891.05
TaiwanTWSE 3972166777841.9746.671.740.731.01
NetherlandsAMSTERDAM 41125.00100.001.000.001.00
Greece ATHENS 21150.00100.001.000.001.00
ItalyBORSA 21150.00100.001.000.001.00
Austria WIENERBORSE 21150.00100.001.000.001.00
GermanyXETRA 111100.00100.001.000.001.00
BelgiumBRUSSELS 41125.00100.001.000.001.00
IndonesiaIDX 53160.0033.331.000.001.00
FrancePARIS 21150.00100.001.000.001.00
PortugalLISBON 111100.00100.001.000.001.00
Vietnam HOSE 31133.33100.001.000.001.00
ArgentinaBUE 181843746.4144.052.851.860.99
UAEUAE 3521587444.8946.842.211.250.96
PakistanKSE 3081478147.7355.102.541.710.84
BelgiumBRUSSELS 2641135142.8045.131.590.790.81
Vietnam HOSE 157168430443.5444.442.181.420.76
USFOREX 2911637.9354.550.910.180.73
PhilippinesPSE 72231213643.2143.592.041.310.72
ThailandSET 3505164066346.7940.432.291.590.70
Greece ATHENS 4401535834.7737.912.391.700.69
ThailandSET 53260.0066.670.670.000.67
SwedenSTOCKHOLM 179375431142.0541.252.141.500.64
BangladeshDSE 175979834745.3743.481.911.270.64
MexicoBMV 148552637.1647.271.691.130.56
USPREFERRED 89237716842.2644.560.850.290.56
SwitzerlandSIX 137763126345.8241.681.180.630.55
MalaysiaBURSA 4501198887744.1744.112.141.590.55
TurkeyBIST 101941217440.4342.232.151.660.49
JordanASE 5512759849.9135.641.881.450.43
JapanFUKUOKA 2710437.0440.001.100.700.40
SingaporeSGX 53160.0033.330.330.330.00
PhilippinesPSE 3000.000.000.000.000.00
UAEUAE 31033.330.000.000.000.00
JapanTOKYO 21050.000.000.000.000.00
IsraelTASE 21050.000.000.000.000.00
JapanSAPPORO 1000.000.000.000.000.00
CanadaTSX 1000.000.000.000.000.00
SwitzerlandSIX 1000.000.000.000.000.00
FOREXFOREX 2000.000.000.000.000.00
BangladeshDSE 41025.000.000.000.000.00
SpainIBEX 43175.0033.330.330.330.00
ChinaSSE 6000.000.000.000.000.00
ChileBCS 1000.000.000.000.000.00
SingaporeSGX 2220103837346.7635.931.611.71-0.11
AustraliaASX 110100.000.000.001.00-1.00
ArgentinaBUE 220100.000.000.001.00-1.00
IndiaNSE 111152526347.3450.004.075.52-1.44
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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