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.
This is a three-candlestick pattern signaling a major top reversal. It is composed of a white candlestick followed by a short candlestick, which characteristically gaps up to form a star. Then we have a third black candlestick whose closing is well into the first session’s white body. This is a meaningful top pattern.
Recognition Criteria
1. The market is characterized by a prevailing uptrend.
2. We see a white candlestick on the first day.
3. Then, we see a short candlestick on the second day that gaps in the direction of the uptrend.
4. A black candlestick is observed on the third day.
Pattern Requirements and Flexibility
The Bearish Evening Star starts with a white candlestick and it should continue with a short candlestick (white or black) that opens with a gap up. The black candlestick appearing on the third day should open at or lower than the highest level of the body of the second candlestick, and it should close well into the white candlestick that appears at the beginning of the pattern. The extent of how low this candlestick must close is defined according to the other candlesticks belonging to the pattern. The third day’s closing must reach the midpoint between the first day’s opening and the second day’s highest body level.
Trader’s Behavior
An uptrend is being observed, and the white candlestick confirms the continuation of the uptrend. The appearance of the short candlestick that makes a gap indicates that bulls are still pushing up the price. However, the tight price action on the second day between the open and the close shows indecision. The third day is a black body that moves into the first day’s white body. A significant trend reversal has occurred.
Sell/Stop Loss Levels
The confirmation level is defined as the last close. 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.
Pattern Performance in Stock Exchanges since 1/1/2014
Stock Exchange
Per Trade
Total Net%(Descending)
CanadaCSE 97477.7857.1412.714.438.29
OmanMSM 63250.0066.677.670.007.67
CanadaTSX-V 141955767.3860.008.262.945.33
USWARRANTS 1710758.8270.005.200.904.30
USOTC PINK 1473101660168.9759.155.501.364.13
EgyptEGX 34625717974.2869.655.101.064.04
Saudi ArabiaTADAWUL 31323616975.4071.614.270.413.86
PortugalLISBON 36181450.0077.784.110.333.78
South KoreaKOSDAQ 1435101667970.8066.834.640.903.74
ThailandSET 105450.0080.003.600.003.60
Hong KongHKEX 137094257368.7660.834.561.023.54
BrazilBOVESPA 37724816465.7866.133.920.713.21
QatarQE 34251973.5376.003.800.603.20
ChinaSZSE 27671774108664.1161.224.361.203.16
ChinaSSE 1819116072163.7762.163.990.983.01
ArgentinaBUE 59342057.6358.823.760.852.91
IndiaNSE 22911624106570.8965.583.861.022.84
IndiaBSE 27631962121371.0161.824.061.272.80
TaiwanGTSM 63444228369.7264.033.490.782.70
IndonesiaIDX 2031529474.8861.843.811.192.62
NorwayOSE 2131378464.3261.313.510.922.59
USNASDAQ 46553091187066.4760.443.460.882.59
USAMEX 44329517567.4958.533.580.992.59
SpainIBEX 2011508974.6359.333.340.912.43
TaiwanTWSE 107874945969.4861.282.970.642.33
BrazilBOVESPA 444100.00100.
The World 56418383312264567.9559.073.050.862.19
South KoreaKRX 137492656267.3960.693.000.872.13
RussiaMICEX 148557.1462.502.250.132.13
TurkeyBIST 40627215067.0055.152.920.812.11
JapanTOKYO 55303746223367.7459.612.980.882.10
CanadaTSX 1706109462264.1356.862.810.722.09
JapanNAGOYA 2616861.5450.002.750.752.00
IsraelTASE 30621913471.5761.192.630.691.94
SingaporeSGX 1561075668.5952.342.901.011.89
IndonesiaIDX 148657.1475.
MalaysiaBURSA 37324613965.9556.502.760.911.86
SwedenSTOCKHOLM 50734320567.6559.772.720.931.79
FrancePARIS 100971344070.6661.712.430.651.78
DenmarkCOPENHAGEN 137915966.4264.842.440.681.76
BangladeshDSE 64366.6775.001.750.001.75
AustraliaASX 86559434868.6758.592.751.001.75
USOTCBB 43275.0066.672.330.671.67
TaiwanGTSM 663100.0050.001.670.001.67
Austria WIENERBORSE 50362572.0069.442.080.441.64
UKLSE 105450.0080.001.600.001.60
MexicoBMV 75471.4380.001.800.201.60
MexicoBMV 2311609269.2657.502.240.661.58
USNYSE 80175388297167.2155.142.270.731.55
RussiaMICEX 2271598970.0455.972.330.791.55
UKLSE 2071144680469.8255.602.340.841.50
South KoreaKOSDAQ 86475.0066.671.500.001.50
NetherlandsAMSTERDAM 35324714769.9759.511.950.501.45
ItalyBORSA 135495652470.6154.812.260.831.43
AustraliaASX 1710858.8280.001.400.001.40
Greece ATHENS 67492573.1351.022.961.591.37
DenmarkCOPENHAGEN 107570.0071.431.290.001.29
PeruBVL 95355.5660.
JordanASE 34281382.3546.432.431.251.18
GermanyXETRA 1959132672067.6954.301.860.761.11
IsraelTASE 76585.7183.331.170.171.00
JapanFUKUOKA 443100.0075.
CanadaTSX 86575.0083.331.170.171.00
SwedenSTOCKHOLM 119681.8266.671.440.441.00
SingaporeSGX 76385.7150.
BelgiumBRUSSELS 118834570.3454.221.610.720.89
SwitzerlandSIX 53237920271.2453.301.460.580.88
PakistanKSE 87387.5042.861.140.290.86
NetherlandsAMSTERDAM 65483.3380.
ItalyBORSA 65483.3380.
Austria WIENERBORSE 65483.3380.
BelgiumBRUSSELS 65483.3380.
Greece ATHENS 65483.3380.
FrancePARIS 65483.3380.
GermanyXETRA 65483.3380.
USFOREX 75471.4380.
PortugalLISBON 75471.4380.
Vietnam HOSE 86275.0033.331.000.330.67
MalaysiaBURSA 105350.0060.000.800.200.60
PhilippinesPSE 158553.3362.500.750.250.50
SpainIBEX 76485.7166.670.830.330.50
SwitzerlandSIX 64366.6775.001.000.500.50
FOREXFOREX 1510566.6750.000.800.300.50
UAEUAE 52361669.2344.441.721.220.50
JapanTOKYO 1110590.9150.000.800.400.40
USPREFERRED 3271898457.8044.440.690.350.34
Poland GPW 96366.6750.
IndiaNSE 97477.7857.
TurkeyBIST 106260.0033.330.170.170.00
ArgentinaBUE 126450.0066.670.500.500.00
Hong KongHKEX 332100.0066.670.000.000.00
UAEUAE 1612475.0033.330.500.58-0.08
NorwayOSE 108380.0037.500.250.38-0.13
ChileBCS 98388.8937.500.130.38-0.25
ChinaSSE 107170.0014.290.140.57-0.43
JapanSAPPORO 43275.0066.670.671.33-0.67
KuwaitKSE 189250.0022.221.112.67-1.56
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© family websites
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