BEARISH EVENING STAR
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 EVENING STAR
Definition
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.
Title
Pattern Performance in Stock Exchanges since 1/1/2014
Country
Stock Exchange
Website
Patterns
Total
Confirmed
Total
Profitable
Signals
Confirmation
%
Profitable
Signal%
Per Trade
Samples
Profit%
Loss%
Total Net%(Descending)
CanadaCSE 97477.7857.1412.714.438.29
OmanMSM 95455.5680.005.600.005.60
USWARRANTS 1710758.8270.005.200.904.30
EgyptEGX 34125217773.9070.245.201.054.15
USOTC PINK 141997857569.1358.615.441.354.09
Saudi ArabiaTADAWUL 30322916375.5871.184.310.433.88
South KoreaKOSDAQ 1419100067470.6867.204.720.893.83
PortugalLISBON 34181452.9477.784.110.333.78
Hong KongHKEX 135092556368.5260.864.581.033.55
QatarQE 33241872.7375.003.960.633.33
BrazilBOVESPA 36423815765.3865.973.980.703.29
ChinaSZSE 27021729104563.9960.444.311.233.07
ChinaSSE 1761111769163.4361.863.960.972.99
USAMEX 43529317867.3660.753.910.922.98
ArgentinaBUE 59342057.6358.823.760.852.91
IndiaNSE 22401592104171.0765.393.831.032.79
IndiaBSE 27011912118070.7961.724.031.272.76
NorwayOSE 2151398664.6561.873.620.912.71
IndonesiaIDX 2001499374.5062.423.821.152.67
TaiwanGTSM 62143427669.8963.593.410.802.61
USNASDAQ 45553036183566.7260.383.450.892.56
SpainIBEX 1951468674.8758.903.360.912.45
CanadaTSX-V 1795114765464.0156.923.320.952.37
TaiwanTWSE 104772944969.6361.593.010.642.36
TurkeyBIST 39326314466.9254.752.980.742.24
IsraelTASE 29821313371.4862.442.810.602.21
The World 57086386622280867.7558.973.040.862.18
South KoreaKRX 134790554967.3360.533.050.872.18
JapanTOKYO 54203667218967.6859.683.020.882.14
JapanNAGOYA 2515760.0046.672.930.802.13
CanadaTSX 1656105660163.7756.912.840.742.11
SingaporeSGX 1511025467.5552.943.040.992.05
MalaysiaBURSA 36423913265.6655.232.740.941.80
FrancePARIS 98469543170.6362.012.420.641.78
SwedenSTOCKHOLM 49133219667.6259.042.730.951.77
AustraliaASX 83557233068.5057.692.791.031.76
Austria WIENERBORSE 48352572.9271.432.140.431.71
DenmarkCOPENHAGEN 134885665.6763.642.400.701.69
USNYSE 78495271290967.1655.192.280.731.56
UKLSE 2024141579969.9156.472.370.821.55
JordanASE 34281482.3550.002.541.041.50
MexicoBMV 2221528768.4757.242.160.671.49
NetherlandsAMSTERDAM 34724214269.7458.681.970.511.45
ItalyBORSA 133093751270.5354.582.200.831.37
RussiaMICEX 2201528369.0954.612.090.821.27
Greece ATHENS 67502574.6350.002.901.641.26
GermanyXETRA 1935130870667.6053.981.820.771.05
JapanFUKUOKA 443100.0075.001.000.001.00
BelgiumBRUSSELS 111784370.2755.131.670.720.95
SwitzerlandSIX 52337419871.5152.941.470.590.88
TurkeyBIST 107470.0057.140.860.140.71
Austria WIENERBORSE 149664.2966.671.000.330.67
USAMEX 137753.85100.000.570.000.57
FOREXFOREX 1814777.7850.000.860.290.57
UAEUAE 52361669.2344.441.721.220.50
USPREFERRED 3341938757.7845.080.700.350.35
USOTCBB 107570.0071.435.866.29-0.43
JapanSAPPORO 43275.0066.670.671.33-0.67
KuwaitKSE 168250.0025.001.252.88-1.63
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
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