BEARISH SHOOTING 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 SHOOTING STAR
Definition
This pattern consists of a white body followed by an Inverted Hammer that is characterized by a long upper shadow and a small body. It is similar in shape to the Bullish Inverted Hammer pattern but unlike it, the Shooting Star appears in an uptrend and signals a bearish reversal.
Recognition Criteria
1. The market is characterized by a prevailing uptrend.
2. The first day of the pattern is a white candlestick.
3. On the second day, a small body at the lower end of the trading range is observed. Color of this body is not important.
4. The upper shadow of this second candlestick should be at least twice as long as the body.
5. There is (almost) no lower shadow.
Pattern Requirements and Flexibility
The body of the Inverted Hammer should be small. The upper shadow must be at least twice as long as the body but not shorter than an average candlestick length. It is desired that there is no or a very tiny lower shadow. The top of the Inverted Hammer’s body should be higher than the preceding candlestick’s body.
Trader’s Behavior
The pattern occurs in a bullish background and the white candlestick that appears on the first day further supports the bullishness. On the second day, in which an Inverted Hammer is seen, market opens at or near its low. Then prices change direction and we see a rally. However, the bulls do not succeed in sustaining the rally during the rest of the day and prices finally close either at or near the low of the day. Certainly, this will cause some concern to any bulls holding profitable positions.
Sell/Stop Loss Levels
The confirmation level is defined as the low of the Inverted Hammer’s body. Prices should cross below this level for confirmation.

The stop loss level is defined as the last high. 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 1/1/2017
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
CanadaCSE 37191351.3568.4212.321.7410.58
USWARRANTS 42150.0050.0012.003.508.50
TurkeyBIST 76585.7183.334.170.174.00
Hong KongHKEX 146791252062.1757.024.521.183.34
USOTC PINK 1751107558362.1453.585.261.933.33
IndonesiaIDX 46630919666.3163.434.341.103.24
CanadaTSX-V 1761086661.3661.116.803.573.22
UAEUAE 57332457.8972.734.000.793.21
EgyptEGX 88381943.1850.004.321.263.05
PakistanKSE 36723714164.5859.494.201.282.92
IndiaNSE 1894124072365.5858.213.981.202.79
Poland GPW 36123814565.9360.923.560.932.63
South KoreaKOSDAQ 122875443661.4857.754.011.432.58
IsraelTASE 59235219959.4656.533.420.882.55
NorwayOSE 2391357156.4952.593.500.962.53
BangladeshDSE 50835021068.9060.003.330.932.40
MalaysiaBURSA 59136620962.2756.793.380.992.39
UKLSE 2313756.5253.852.460.152.31
ArgentinaBUE 113673859.2956.723.301.032.27
IndiaBSE 30591954107163.8854.813.791.542.25
ThailandSET 57439120768.1252.943.230.992.24
Vietnam HOSE 39726616867.0063.163.231.082.15
SwedenSTOCKHOLM 91652128056.8853.743.201.062.15
USNASDAQ 40552526132662.3452.453.311.242.07
Poland GPW 63350.00100.002.000.002.00
BelgiumBRUSSELS 157854154.1448.243.091.121.98
DenmarkCOPENHAGEN 139804957.5561.253.161.191.98
TaiwanGTSM 138393853367.8256.822.951.011.94
FrancePARIS 115866435657.3453.612.730.801.93
PhilippinesPSE 24016610069.1760.243.241.391.86
Austria WIENERBORSE 66372256.0659.462.320.491.84
Vietnam HNX 110624056.3664.523.161.341.82
South KoreaKRX 122372741559.4457.082.801.011.79
TaiwanTWSE 1812114561763.1953.892.680.921.76
RussiaMICEX 19161384.2181.251.940.191.75
The World 61246373201969160.9752.732.831.081.75
ChinaSZSE 2767166487660.1452.643.301.571.73
TurkeyBIST 86353228661.6553.762.891.161.72
Saudi ArabiaTADAWUL 55936519565.3053.422.420.731.69
JapanNAGOYA 3515742.8646.672.671.001.67
SwitzerlandSIX 83337.50100.001.670.001.67
RussiaMICEX 2691598559.1153.462.430.811.62
ChinaSSE 172595545755.3647.852.991.401.59
BrazilBOVESPA 49928013556.1148.212.781.211.58
UKLSE 2469138872456.2652.122.691.141.55
KuwaitKSE 53331662.2648.482.581.061.52
USAMEX 47628414259.6650.002.621.151.47
JapanTOKYO 51493035156758.9451.632.501.061.44
SpainIBEX 2151517870.2351.662.370.941.43
CanadaTSX 1821106455558.4352.162.190.851.34
QatarQE 70452064.2944.442.160.841.31
SingaporeSGX 156985062.8251.022.671.411.27
ItalyBORSA 129085240866.0547.892.331.071.26
AustraliaASX 100961028860.4647.212.791.611.17
USNYSE 58893579174260.7748.672.060.891.17
ThailandSET 159660.0066.671.110.001.11
MexicoBMV 32261481.2553.851.380.351.04
TaiwanGTSM 332100.0066.671.000.001.00
SwedenSTOCKHOLM 146242.8633.331.500.501.00
IndonesiaIDX 158553.3362.501.250.251.00
GermanyXETRA 1729108149962.6446.081.860.870.99
ChileBCS 88502656.8252.001.740.800.94
JapanTOKYO 148657.1475.000.880.000.88
NetherlandsAMSTERDAM 31820910265.7248.801.640.780.87
DenmarkCOPENHAGEN 157546.6771.430.860.000.86
BrazilBOVESPA 32191259.3863.161.260.420.84
USFOREX 35231465.7160.870.870.130.74
PortugalLISBON 57382166.6755.261.470.870.61
ChinaSSE 1710358.8230.000.800.200.60
FOREXFOREX 2820971.4345.000.750.150.60
AustraliaASX 1310676.9260.001.000.400.60
SwitzerlandSIX 55331213856.4244.231.500.910.59
ChileBCS 2411745.8363.640.730.180.55
Greece ATHENS 74451760.8137.782.962.420.53
USPREFERRED 3852099154.2943.541.020.500.53
IsraelTASE 158653.3375.000.750.250.50
CanadaTSX 1710458.8240.000.700.200.50
SpainIBEX 1811361.1127.270.550.090.45
JordanASE 169456.2544.441.110.670.44
PortugalLISBON 137253.8528.570.570.140.43
South KoreaKOSDAQ 25171168.0064.710.650.240.41
Vietnam HOSE 34271579.4155.560.590.220.37
Austria WIENERBORSE 116154.5516.670.500.170.33
BelgiumBRUSSELS 116154.5516.670.500.170.33
GermanyXETRA 116154.5516.670.500.170.33
Greece ATHENS 116154.5516.670.500.170.33
FrancePARIS 116154.5516.670.500.170.33
NetherlandsAMSTERDAM 116154.5516.670.500.170.33
ItalyBORSA 116154.5516.670.500.170.33
PakistanKSE 148357.1437.500.380.130.25
IndiaNSE 98588.8962.500.500.250.25
MexicoBMV 2451466559.5944.521.381.140.23
UAEUAE 2914748.2850.000.290.070.21
PhilippinesPSE 1611368.7527.270.270.090.18
BangladeshDSE 2717762.9641.180.350.240.12
SingaporeSGX 169456.2544.440.220.110.11
Hong KongHKEX 1911657.8954.550.270.180.09
MalaysiaBURSA 2516764.0043.750.380.310.06
USOTCBB 1000.000.000.000.000.00
OmanMSM 62133.3350.000.500.500.00
JapanFUKUOKA 86275.0033.330.500.67-0.17
NorwayOSE 108380.0037.500.130.38-0.25
ArgentinaBUE 2111552.3845.450.450.73-0.27
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

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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