BEARISH SHOOTING STAR
The chart showing Series 1 series.
To evaluate the performance of the pattern in your stock exchange within the context of other global markets, please refer to the table below. Locate your stock market to see its ranking among others. This will provide insights into the pattern’s strength and reliability, aiding you in your buying and selling decisions.
BEARISH SHOOTING STAR
Definition
This pattern consists of a bullish (white) body followed by an Inverted Hammer, characterized by a long upper shadow and a small body. It is similar in appearance to the Bullish Inverted Hammer pattern. However, unlike the Bullish Inverted Hammer, the Shooting Star appears during an uptrend and signals a bearish reversal.
Recognition Criteria
1. The market is currently defined by a dominant upward trend.2. The first day of the pattern features a white candlestick.
3. On the second day, a small body appears at the lower end of the trading range. The color of this body is not significant.
4. The upper shadow of the second candlestick should be at least twice the length of the body.
5. The lower shadow is either very short or non-existent.
Pattern Requirements and Flexibility
The body of the Inverted Hammer should be small. The upper shadow must be at least twice the length of the body and not shorter than an average candlestick length. Ideally, there should be no or a very small lower shadow. The top of the Inverted Hammer’s body should be higher than the body of the preceding candlestick.
Trader’s Behavior
The pattern occurs in a bullish market, with the first day’s white candlestick further supporting the bullish sentiment. On the second day, an Inverted Hammer appears, with the market opening at or near its low. Prices then change direction and a rally occurs. However, the bulls fail to sustain the rally throughout the rest of the day, and prices ultimately close at or near the day’s low. This situation is likely to cause concern for bulls holding profitable positions.
Sell/Stop-Loss Levels
The confirmation level is defined by the low of the Inverted Hammer’s body. For confirmation, prices should fall below this level.

The stop-loss level is determined by the last high. If, following the bearish signal, prices rise instead of falling and either close or make two consecutive daily highs above the stop-loss level, without detecting any bullish pattern, the stop-loss is triggered.
Title
Pattern Performance in Stock Exchanges since 1/1/2022
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
CanadaTSXV 33721612864.6958.726.782.484.30
CanadaCSE 110703864.5553.527.923.993.92
Vietnam HNX 2261487066.3746.674.811.433.38
ThailandSET 69946127966.6759.874.351.163.18
South KoreaKOSDAQ 1797112767062.9959.194.221.392.84
Hong KongHKEX 1751106561061.7456.434.401.642.76
IndonesiaIDX 74347626865.0155.494.111.382.73
SwedenOMX STOCKHOLM 156690951158.8855.424.041.352.69
JapanFSE 179352.9433.333.260.602.65
NorwayOSE 41925814262.7753.993.931.362.57
BangladeshDSE 42130016972.2155.593.911.392.53
PhilippinesPSE 2361488463.5656.003.310.872.44
USNASDAQ 59993758197664.1351.364.091.662.43
BelgiumBRUSSELS 1901055855.2655.243.330.922.41
ChinaSZSE 47312526146154.0957.093.571.172.40
USOTC MARKETS 2664161878963.3646.744.732.342.39
UAEDFM-ADX 115693763.4850.683.070.802.27
PakistanPSX 52933219763.8958.283.621.422.19
MalaysiaBURSA MALAYSIA 72944224361.0454.613.351.182.18
TaiwanTPEx 1809115566164.6256.542.981.051.93
ChileBCS 140724152.1456.162.981.051.93
SingaporeSGX 1871005854.0157.432.941.021.91
Saudi ArabiaTADAWUL 73747328464.4559.792.610.741.86
DenmarkOMX COPENHAGEN 2461609465.8558.023.021.171.85
IsraelTASE 139775737655.6248.393.071.231.84
ChinaSSE 40332228124456.0155.072.801.011.80
AustraliaASX 1658104349263.8146.503.381.591.79
IndiaNSE 2609165891164.8953.813.131.351.78
ArgentinaBCBA 40922710958.4445.613.551.771.77
Vietnam HOSE 71744722763.3250.002.831.091.74
QatarQE 146915263.0156.522.430.701.73
South KoreaKRX 1714101452359.9850.882.761.051.72
TurkeyBIST 122078539664.9250.003.181.541.64
The WorldWORLD MARKETS 95994575302982561.4450.572.781.201.58
EgyptEGX 42724812459.4848.823.311.771.54
TaiwanTWSE 2464154184363.6853.732.480.971.51
KuwaitBOURSA KUWAIT 1891205463.4945.002.541.061.48
CanadaTSX 2427137971457.8150.892.531.101.42
SpainBME 2541486858.6645.642.721.311.42
IndiaBSE 38552469130765.2451.973.041.641.41
UKLSE 40352438117062.1346.672.701.311.40
FrancePARIS 1740104353960.7550.992.320.961.36
Austria WIENERBÖRSE 2611467557.0950.342.851.591.26
ItalyMILAN 2325146871465.3347.002.231.021.20
USAMEX 109460025556.7641.062.311.151.16
JapanTSE 63463745194460.1550.932.221.101.12
BrazilBOVESPA 162494244259.4845.762.311.291.03
GermanyXETRA 48973096151264.9047.581.950.931.01
USNYSE 88695282245561.0145.372.041.080.96
Poland GPW 51429414957.7850.172.791.930.85
MexicoBMV 48832215567.2147.262.761.910.85
SwitzerlandSIX 104864428863.1743.501.881.140.74
Greece ATHEX 111633356.7652.381.881.200.68
NetherlandsAMSTERDAM 74848822967.9145.081.621.050.57
PortugalLISBON 58402068.9750.001.400.870.53
JordanASE 106260.0033.330.711.79-1.09
JapanNSE 44231052.2743.481.512.83-1.32
Patterns Total: The number of occurrences of this particular pattern during the specified period.
Confirmed Total: The number of detected patterns that were confirmed and converted into signals.
Profitable Signals: The number of confirmed patterns that resulted in profitable trades.
Confirmation %: The percentage of confirmed patterns relative to the total occurrences of this pattern.
Profitable Signal %: The percentage of successful confirmed patterns relative to the total confirmed patterns.
Per Trade Profit %: Total Profits divided by Total Trades.
Per Trade Loss %: Total Losses divided by Total Trades.
Per Trade Net%: (Total Profits minus Total Losses) divided by the Total Number of Trades.
Samples: Live sample ticker symbols from stock exchanges, with links to the related bulls.com© family websites’ stock pages.

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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