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 1/1/2015
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
CanadaCSE 179652.9466.6716.892.0014.89
TurkeyBIST 76585.7183.334.170.174.00
USOTC PINK 128980444562.5355.215.781.913.88
Hong KongHKEX 116474743664.1858.374.961.203.77
UAEUAE 48312264.5870.974.000.483.52
EgyptEGX 67301544.7850.004.931.473.47
USWARRANTS 96566.6783.334.331.173.17
South KoreaKOSDAQ 96660535862.6359.174.461.492.97
IndonesiaIDX 35323414466.2961.544.001.212.79
MalaysiaBURSA 48330317862.7358.753.670.902.77
PakistanKSE 30420011765.7958.504.071.342.73
CanadaTSX-V 138874863.0455.175.873.212.67
IsraelTASE 47827716057.9557.763.440.872.57
IndiaNSE 1552101958465.7257.253.801.262.54
Poland GPW 30220212467.5560.783.420.952.48
Austria WIENERBORSE 40271867.5066.672.890.442.44
BelgiumBRUSSELS 124683354.8448.533.471.032.44
DenmarkCOPENHAGEN 104603857.6963.333.421.002.42
NorwayOSE 1931176160.6252.143.601.202.40
USNASDAQ 29741863101962.7854.583.491.192.30
ThailandSET 45130116266.7453.823.270.972.30
UKLSE 1710558.8250.002.400.102.30
ArgentinaBUE 91513056.0458.823.080.802.27
Vietnam HNX 105624059.0564.523.481.262.23
IndiaBSE 2563163389263.7154.623.741.542.20
SwedenSTOCKHOLM 65939120759.3352.943.231.052.18
TaiwanGTSM 108873443867.4659.673.160.992.17
BangladeshDSE 40628217069.4660.283.070.922.15
FrancePARIS 85250628259.3955.732.860.752.11
Saudi ArabiaTADAWUL 42927515364.1055.642.820.722.11
BrazilBOVESPA 36220711157.1853.623.281.212.07
Vietnam HOSE 31420512565.2960.983.191.132.06
TaiwanTWSE 137288150064.2156.752.920.882.04
South KoreaKRX 93556333560.2159.502.950.942.00
ChinaSSE 125872035357.2349.033.301.381.92
Greece ATHENS 52311459.6245.163.481.581.90
The World 45949285611545562.1854.092.991.081.90
KuwaitKSE 3419955.8847.373.421.531.89
RussiaMICEX 16141187.5078.572.000.211.79
RussiaMICEX 2051237060.9856.002.570.781.78
ChinaSZSE 2145132269861.6352.803.391.651.73
TurkeyBIST 62941022465.1854.632.801.111.69
USAMEX 2291417961.5756.033.131.481.66
UKLSE 1947109557556.2452.512.741.111.62
MexicoBMV 20151175.0073.331.800.201.60
QatarQE 51331664.7148.482.180.611.58
JapanTOKYO 38592271119758.8552.712.561.001.56
SingaporeSGX 133855063.9158.822.791.251.54
ItalyBORSA 105272135168.5448.682.631.121.51
SwitzerlandSIX 52240.00100.001.500.001.50
CanadaTSX 137282944160.4253.202.390.941.45
PhilippinesPSE 1921347669.7956.722.941.541.40
AustraliaASX 79447223259.4549.153.011.641.37
USNYSE 42452647134562.3650.812.200.861.34
ThailandSET 116454.5566.671.330.001.33
SpainIBEX 1611145670.8149.122.170.951.22
GermanyXETRA 125783841966.7549.942.050.861.19
BrazilBOVESPA 26151057.6966.671.400.331.07
Poland GPW 42250.00100.001.000.001.00
TaiwanGTSM 332100.0066.671.000.001.00
OmanMSM 31133.33100.001.000.001.00
IndonesiaIDX 64366.6775.001.250.251.00
JapanTOKYO 116554.5583.331.000.001.00
ChinaSSE 126250.0033.331.330.331.00
NetherlandsAMSTERDAM 2161527770.3750.661.720.730.99
DenmarkCOPENHAGEN 157546.6771.430.860.000.86
ChileBCS 187638.8985.710.860.000.86
SwedenSTOCKHOLM 125141.6720.001.400.600.80
South KoreaKOSDAQ 18131072.2276.920.850.080.77
USFOREX 31201264.5260.000.900.150.75
BangladeshDSE 148657.1475.000.750.000.75
SwitzerlandSIX 38722910459.1745.411.590.850.74
USPREFERRED 3091688854.3752.381.100.420.68
AustraliaASX 129575.0055.560.890.220.67
PortugalLISBON 106260.0033.330.670.000.67
FOREXFOREX 2719970.3747.370.790.160.63
ChileBCS 60371861.6748.651.570.950.62
MexicoBMV 2031165557.1447.411.681.070.61
BelgiumBRUSSELS 95155.5620.000.600.000.60
Austria WIENERBORSE 95155.5620.000.600.000.60
Greece ATHENS 95155.5620.000.600.000.60
FrancePARIS 95155.5620.000.600.000.60
SpainIBEX 1610362.5030.000.600.000.60
GermanyXETRA 95155.5620.000.600.000.60
ItalyBORSA 95155.5620.000.600.000.60
NetherlandsAMSTERDAM 95155.5620.000.600.000.60
PortugalLISBON 48341770.8350.001.470.970.50
JordanASE 158453.3350.001.250.750.50
CanadaTSX 138361.5437.500.630.250.38
Vietnam HOSE 28201271.4360.000.600.250.35
UAEUAE 2512748.0058.330.330.000.33
IndiaNSE 774100.0057.140.570.290.29
JapanNAGOYA 2812642.8650.001.251.000.25
Hong KongHKEX 159560.0055.560.330.110.22
SingaporeSGX 105350.0060.000.400.200.20
PhilippinesPSE 1611368.7527.270.270.090.18
PakistanKSE 116254.5533.330.330.170.17
IsraelTASE 137553.8571.430.430.290.14
USOTCBB 1000.000.000.000.000.00
MalaysiaBURSA 2213559.0938.460.230.31-0.08
NorwayOSE 75171.4320.000.200.40-0.20
ArgentinaBUE 199347.3733.330.440.89-0.44
JapanFUKUOKA 54180.0025.000.501.00-0.50
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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