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)
OmanMSM 73242.8666.677.670.007.67
CanadaCSE 86375.0050.0010.174.176.00
CanadaTSX-V 132875365.9160.928.512.855.66
ChileBCS 129575.0055.565.331.224.11
South KoreaKOSDAQ 135397267072.1468.654.910.933.97
USOTC PINK 125986449968.6357.755.381.433.95
Saudi ArabiaTADAWUL 30322516274.2672.004.280.443.84
PhilippinesPSE 106654161.3263.084.250.493.75
EgyptEGX 28621314674.4868.544.711.033.68
ThailandSET 105450.0080.003.600.003.60
USWARRANTS 1812766.6758.334.500.923.58
ArgentinaBUE 55301954.5563.334.200.673.53
PortugalLISBON 29161255.1775.003.750.383.38
ChinaSZSE 2424154896063.8662.024.551.213.34
ChinaSSE 1599102362363.9860.904.311.043.26
Hong KongHKEX 129888253367.9560.434.321.063.26
BrazilBOVESPA 32321213865.6365.093.970.743.23
USAMEX 39726915467.7657.254.100.963.14
ThailandSET 33823012868.0555.653.900.853.05
IndonesiaIDX 1901419374.2165.963.960.953.01
IndiaNSE 2111149999671.0166.444.051.072.97
IndiaBSE 25281825114272.1962.584.171.202.97
TaiwanGTSM 55338925170.3464.523.550.702.86
Poland GPW 30521213869.5165.093.350.752.60
USNASDAQ 42482761168165.0060.883.460.892.56
BangladeshDSE 28721513674.9163.263.510.962.55
NorwayOSE 2021327865.3559.093.431.092.34
South KoreaKRX 129186653667.0861.893.170.832.34
TurkeyBIST 35123312966.3855.363.050.762.29
BrazilBOVESPA 444100.00100.002.250.002.25
SingaporeSGX 134884565.6751.143.331.092.24
TaiwanTWSE 97367139068.9658.122.940.712.23
The World 53432362882147167.9259.163.080.872.21
JapanFUKUOKA 554100.0080.002.200.002.20
QatarQE 25151260.0080.002.670.532.13
RussiaMICEX 158553.3362.502.250.132.13
JapanTOKYO 51003483207368.2959.522.960.872.09
SpainIBEX 1781368176.4059.563.060.992.07
CanadaTSX 1562102458665.5657.232.770.742.04
AustraliaASX 17131176.4784.622.000.002.00
PakistanKSE 27519511370.9157.953.271.361.90
IndonesiaIDX 148657.1475.002.000.131.88
SwedenSTOCKHOLM 46431619068.1060.132.860.991.87
Vietnam HNX 59462877.9760.872.961.131.83
AustraliaASX 81455831168.5555.732.841.051.79
BangladeshDSE 64366.6775.001.750.001.75
IsraelTASE 27819712170.8661.422.490.751.74
TaiwanGTSM 663100.0050.001.670.001.67
Austria WIENERBORSE 42332278.5766.672.090.421.67
FrancePARIS 89863338070.4960.032.350.691.66
MalaysiaBURSA 31321011467.0954.292.761.141.62
UKLSE 115445.4580.001.600.001.60
MexicoBMV 75471.4380.001.800.201.60
USNYSE 73744919273866.7155.662.330.731.60
ItalyBORSA 125988749870.4556.142.390.811.58
DenmarkCOPENHAGEN 126835265.8762.652.300.731.57
JapanNAGOYA 2618769.2338.892.500.941.56
MexicoBMV 2181498368.3555.702.240.691.55
UKLSE 1924132873369.0255.202.380.841.54
South KoreaKOSDAQ 86475.0066.671.500.001.50
NetherlandsAMSTERDAM 33123813771.9057.561.960.521.44
DenmarkCOPENHAGEN 118772.7387.501.380.001.38
Vietnam HOSE 1621126269.1455.362.541.221.31
RussiaMICEX 1971387770.0555.802.030.801.23
JordanASE 37301481.0846.672.371.171.20
PeruBVL 95355.5660.001.200.001.20
CanadaTSX 96566.6783.331.170.171.00
IsraelTASE 86575.0083.331.170.171.00
SwedenSTOCKHOLM 1210783.3370.001.400.401.00
SingaporeSGX 76385.7150.001.000.001.00
GermanyXETRA 1762119165867.5955.251.720.731.00
PakistanKSE 108480.0050.001.130.250.88
SwitzerlandSIX 48734217470.2350.881.420.560.87
Greece ATHENS 60431971.6744.192.401.560.84
USFOREX 75471.4380.001.000.200.80
BelgiumBRUSSELS 113774168.1453.251.430.730.70
Vietnam HOSE 86275.0033.331.000.330.67
MalaysiaBURSA 105350.0060.000.800.200.60
PortugalLISBON 97577.7871.430.710.140.57
NetherlandsAMSTERDAM 97577.7871.430.710.140.57
GermanyXETRA 97577.7871.430.710.140.57
Greece ATHENS 87587.5071.430.710.140.57
Austria WIENERBORSE 87587.5071.430.710.140.57
BelgiumBRUSSELS 97577.7871.430.710.140.57
ItalyBORSA 97577.7871.430.710.140.57
FrancePARIS 97577.7871.430.710.140.57
UAEUAE 46281360.8746.431.390.820.57
FOREXFOREX 1610562.5050.000.800.300.50
SwitzerlandSIX 64366.6775.001.000.500.50
PhilippinesPSE 158553.3362.500.750.250.50
USPREFERRED 2931697957.6846.750.830.380.45
JapanTOKYO 1110590.9150.000.800.400.40
SpainIBEX 98588.8962.500.630.250.38
IndiaNSE 108580.0062.500.500.130.38
Poland GPW 96366.6750.000.170.000.17
ArgentinaBUE 137553.8571.430.570.430.14
USOTCBB 1000.000.000.000.000.00
Hong KongHKEX 332100.0066.670.000.000.00
UAEUAE 1612475.0033.330.500.58-0.08
ChinaSSE 118272.7325.000.380.50-0.13
TurkeyBIST 106260.0033.330.170.33-0.17
ChileBCS 98388.8937.500.130.38-0.25
NorwayOSE 129475.0044.440.220.56-0.33
JapanSAPPORO 43275.0066.670.671.33-0.67
KuwaitKSE 136146.1516.670.502.83-2.33
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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