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
QatarQE 102493648.0473.472.940.312.63
South KoreaKOSDAQ 195789449545.7355.313.721.202.53
PortugalLISBON 52271251.9244.442.930.782.15
CanadaCSE 113592952.2149.157.054.972.08
IndiaBSE 77032916542.7350.153.811.782.02
Poland GPW 21150.00100.002.000.002.00
IsraelTASE 131613346.5654.102.790.801.98
ArgentinaBUE 128573245.3155.173.241.291.95
PakistanKSE 105523149.5259.623.331.421.90
ChinaSZSE 2319104554845.0652.443.001.131.87
USNASDAQ 3113142171245.8749.863.131.341.79
SpainIBEX 2821478152.1355.102.630.891.74
South KoreaKRX 219996850844.0252.482.470.801.67
MalaysiaBURSA 53360.00100.001.670.001.67
ChinaSSE 194890946746.6651.382.781.121.66
Vietnam HNX 55826411947.3145.083.151.491.66
OmanMSM 125441.6780.001.600.001.60
USAMEX 3931667542.2445.182.831.271.55
IndonesiaIDX 68529013842.3447.592.701.191.51
UKLSE 52240.00100.001.500.001.50
Saudi ArabiaTADAWUL 98443144.9070.452.000.521.48
TaiwanGTSM 140562030744.1349.522.380.901.47
BrazilBOVESPA 3611596944.0443.402.801.341.46
UKLSE 2947113554938.5148.372.561.131.43
Hong KongHKEX 57822464111942.6745.362.981.611.37
NorwayOSE 3101396444.8446.042.411.041.37
RussiaMICEX 3631818650.4146.992.351.091.26
USOTC PINK 181488440548.9545.615.043.901.14
The World 62764282511322945.0446.802.521.381.14
AustraliaASX 2587128355949.5943.572.451.361.09
Poland GPW 71328713840.3947.923.011.931.08
ItalyBORSA 65927913942.3449.821.940.871.07
GermanyXETRA 83041819250.3645.931.950.911.04
Vietnam HOSE 31133.33100.001.000.001.00
IndonesiaIDX 53160.0033.331.000.001.00
JapanTOKYO 50652355113146.5048.032.021.040.98
FrancePARIS 89139319944.1150.642.221.250.97
CanadaTSX-V 92851624155.6046.714.343.390.95
BelgiumBRUSSELS 150653043.3346.151.750.830.92
USNYSE 3201145266145.3645.521.680.780.90
CanadaTSX 2211107145848.4442.762.071.220.85
TaiwanTWSE 222792843041.6746.341.540.720.82
MexicoBMV 99381738.3844.741.821.000.82
JapanNAGOYA 82321139.0234.381.560.750.81
UAEUAE 2421185848.7649.151.871.090.78
NetherlandsAMSTERDAM 173814046.8249.381.580.800.78
USFOREX 2511644.0054.550.910.180.73
SwedenSTOCKHOLM 97842118343.0543.471.981.290.70
Vietnam HOSE 80832914540.7244.072.141.470.67
ThailandSET 53260.0066.670.670.000.67
PhilippinesPSE 3671637444.4145.401.941.280.66
KuwaitKSE 3091476047.5740.821.981.360.62
IndiaNSE 56026913348.0449.444.493.880.61
DenmarkCOPENHAGEN 2591054940.5446.671.500.960.53
JordanASE 3131635652.0834.362.021.520.50
Austria WIENERBORSE 69271139.1340.741.481.000.48
USPREFERRED 53622910542.7245.850.790.310.48
ThailandSET 202890837844.7741.632.291.810.48
SwitzerlandSIX 75536314748.0840.501.100.650.45
MalaysiaBURSA 2356107947545.7644.062.051.610.44
Greece ATHENS 313873127.8035.632.031.630.40
BangladeshDSE 97744418245.4540.991.621.310.31
JapanSAPPORO 1000.000.000.000.000.00
JapanTOKYO 1000.000.000.000.000.00
UAEUAE 31033.330.000.000.000.00
SingaporeSGX 42150.0050.000.500.500.00
PhilippinesPSE 3000.000.000.000.000.00
NetherlandsAMSTERDAM 2000.000.000.000.000.00
IsraelTASE 21050.000.000.000.000.00
ChinaSSE 6000.000.000.000.000.00
ChileBCS 1000.000.000.000.000.00
BelgiumBRUSSELS 2000.000.000.000.000.00
CanadaTSX 1000.000.000.000.000.00
SwitzerlandSIX 1000.000.000.000.000.00
FOREXFOREX 1000.000.000.000.000.00
BangladeshDSE 41025.000.000.000.000.00
SingaporeSGX 113849917243.8534.471.351.48-0.13
EgyptEGX 2981506850.3445.331.922.12-0.20
TurkeyBIST 4381797140.8739.661.712.11-0.40
SpainIBEX 32066.670.000.000.50-0.50
AustraliaASX 110100.000.000.001.00-1.00
ArgentinaBUE 220100.000.000.001.00-1.00
JapanFUKUOKA 125141.6720.000.603.60-3.00
PakistanKSE 61016.670.000.006.00-6.00
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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