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Matching High Candlestick Pattern

Published by Ali Muhammad
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Matching high is a bearish reversal candlestick pattern consisting of two bullish candlesticks with the same high and no shadows on the upper side.

The second candlestick opens with a gap down in this pattern. The Matching high pattern shows that the trend of buyers is about to end, and sellers are preparing to decrease the price of a specific asset/currency.

matching high candlestick pattern

The opposite of matching high is the matching low candlestick pattern

How to identify matching high candlesticks on the chart?

The matching high pattern consists of two bullish candles with a gap.

Here is the guide to the structure of this pattern

  1. The first candlestick will be a big bullish candle, forming at the top of the chart.
  2. The second candle will open, with a gap down and it will close at the same level as the previous candle closed. it will open above the open of previous candlestick.
matching high pattern

It has a simple structure, but it isn’t easy to find it on the chart because it is a rare candlestick pattern and will form mostly in stocks and indices.

Matching High Pattern: Information Table

Features Explanation
Number of Candlesticks 2
Prediction Bearish trend reversal
Prior Trend Bullish trend
Relevant Pattern Matching low candlestick

What does a matching high pattern tell traders?

There’s a psychology behind every candlestick pattern that shows the activity of big traders and institutions.

Let’s read the price action

When a big bullish candlestick forms at the top of the bullish trend, it shows that buyers are stronger than sellers.

After the first bullish candlestick, the next candle will open with a gap down and above the opening price of the previous candle. A sudden gap shows the high momentum of sellers from a key level. When the second candle will fail to make a new higher high then it shows that the buyers are failed to break the fundamental level created by the sellers. Now sellers are controlling the market, and the price will decrease.

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Best trading conditions for matching high pattern

To increase the probability of winning a candlestick pattern, you should add other technical tools. Here I have added two technical tools.

matching high candlestick

The Bottom Line

In this post, I have explained the matching high pattern with a few strategies used in trading. Reading the price action is the way to success in trading. That’s why you should try to read the price in trading.

It would be best to trade this candlestick pattern on a daily and H4 timeframe for best results.

Do you want to get success in Trading?

Here's the Roadmap:

1. Learn supply and demand from the cheat sheet here
2. Get access the Supply & Demand Indicator here
3. Understand the fair value gap here
4. Use the set and forget strategy here
5. Follow the risk management plan here

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