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 1/1/2018
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
CanadaCSE 108634158.3365.0810.412.767.65
CanadaTSX-V 29218511763.3663.247.423.324.10
IndonesiaIDX 57139024268.3062.054.601.213.39
Hong KongHKEX 155495456561.3959.224.461.163.30
USOTC PINK 2334140572660.8051.165.822.603.22
JapanFUKUOKA 1810555.5650.003.600.503.10
South KoreaKOSDAQ 139685450961.2559.534.261.292.97
PhilippinesPSE 27917511662.7266.294.211.332.88
UAEUAE 64331951.5657.583.881.212.67
PakistanKSE 43328116364.9058.014.051.402.65
ThailandSET 74850629067.6557.313.721.092.63
NorwayOSE 2941729158.5052.914.031.472.56
SwedenSTOCKHOLM 124272739958.6254.813.751.202.56
BangladeshDSE 54337222568.5160.483.511.022.49
Poland GPW 41826816764.3562.083.551.132.42
MalaysiaBURSA 72043825260.8357.533.481.122.35
TurkeyBIST 119581.8255.562.780.442.33
IndiaNSE 1989126770063.7055.253.471.302.17
IsraelTASE 86550226058.0351.793.341.192.16
ChileBCS 113663958.4159.092.670.622.05
TurkeyBIST 92358431163.4953.073.201.202.01
KuwaitKSE 93512654.8450.983.001.021.98
BelgiumBRUSSELS 1861015054.3049.503.011.041.97
IndiaBSE 31322008108964.1154.233.541.581.96
South KoreaKRX 128376042659.2456.052.941.011.93
USNASDAQ 49903069156161.5250.853.301.391.92
DenmarkCOPENHAGEN 1921136658.8558.413.141.291.85
TaiwanGTSM 1619107657366.4653.252.831.051.79
QatarQE 92603165.2251.672.530.801.73
EgyptEGX 90412045.5648.783.021.341.68
TaiwanTWSE 2127134670763.2852.532.671.001.67
AustraliaASX 142087642461.6948.403.381.711.66
ChinaSZSE 33742017109859.7854.443.031.391.64
The World 77661469282415460.4951.422.791.161.63
SwedenSTOCKHOLM 178347.0637.502.130.501.63
UKLSE 33211063.6447.621.860.241.62
UKLSE 3089177390757.4951.072.731.141.59
Saudi ArabiaTADAWUL 68843322562.9451.962.430.891.54
JapanTOKYO 58533438179458.7452.182.671.141.53
SpainIBEX 2341577967.0950.322.541.061.47
FrancePARIS 147584342857.1550.772.390.951.44
SingaporeSGX 1731045160.1249.042.631.251.38
Vietnam HOSE 52733317763.1953.152.471.131.34
PortugalLISBON 59372162.7156.762.190.891.30
ChinaSSE 2229126863756.8950.242.571.281.29
Vietnam HNX 140864561.4352.332.591.331.27
BrazilBOVESPA 84448122857.1147.302.671.411.26
Poland GPW 115445.4580.001.200.001.20
ChinaSSE 2212554.5541.671.330.171.17
USWARRANTS 2918862.0744.444.783.671.11
USNYSE 71484289198860.0446.322.070.961.11
ThailandSET 22151068.1866.671.270.201.07
MexicoBMV 38323011860.0551.302.511.471.04
MexicoBMV 41301873.1760.001.370.331.03
ArgentinaBUE 2451436958.3748.252.721.711.01
TaiwanGTSM 43275.0066.671.000.001.00
NetherlandsAMSTERDAM 46029915065.0050.171.750.760.99
CanadaTSX 2148121558556.5648.152.091.110.98
GermanyXETRA 2609161676362.0247.161.860.900.95
USAMEX 66839116958.5343.222.301.400.89
JapanTOKYO 188644.4475.000.880.000.88
ItalyBORSA 1745113151964.8145.891.961.110.85
IndonesiaIDX 2412750.0058.331.080.250.83
RussiaMICEX 3702039157.3042.921.710.880.83
IsraelTASE 2011755.0063.641.180.360.82
BrazilBOVESPA 43241455.8158.331.290.500.79
ChileBCS 2913944.8369.230.920.150.77
RussiaMICEX 31251480.6556.001.440.680.76
DenmarkCOPENHAGEN 178647.0675.000.750.000.75
SwitzerlandSIX 80146020758.5544.141.821.080.74
USFOREX 41261563.4157.690.810.120.69
Greece ATHENS 100582358.0039.662.531.840.69
SwitzerlandSIX 136446.1566.670.830.170.67
Austria WIENERBORSE 123813665.8544.442.221.590.63
AustraliaASX 2114766.6750.000.790.360.43
CanadaTSX 1912663.1650.000.580.170.42
South KoreaKOSDAQ 27181166.6761.110.610.220.39
PakistanKSE 2514756.0050.000.430.070.36
Vietnam HOSE 40291672.5055.170.590.240.34
PortugalLISBON 159360.0033.330.560.220.33
SpainIBEX 2114466.6728.570.500.210.29
NetherlandsAMSTERDAM 138261.5425.000.500.250.25
FrancePARIS 138261.5425.000.500.250.25
ItalyBORSA 138261.5425.000.500.250.25
Austria WIENERBORSE 138261.5425.000.500.250.25
BelgiumBRUSSELS 138261.5425.000.500.250.25
Greece ATHENS 138261.5425.000.500.250.25
GermanyXETRA 138261.5425.000.500.250.25
USPREFERRED 4182258253.8336.440.880.690.19
UAEUAE 3517948.5752.940.240.060.18
PhilippinesPSE 1912363.1625.000.250.170.08
Hong KongHKEX 2615757.6946.670.200.130.07
MalaysiaBURSA 2716759.2643.750.380.310.06
USOTCBB 1000.000.000.000.000.00
FOREXFOREX 40271067.5037.040.630.630.00
JordanASE 137353.8542.860.860.860.00
OmanMSM 62133.3350.000.500.500.00
BangladeshDSE 4328865.1228.570.320.36-0.04
IndiaNSE 1312692.3150.000.330.42-0.08
SingaporeSGX 1911457.8936.360.180.27-0.09
ArgentinaBUE 3112538.7141.670.420.67-0.25
NorwayOSE 1812366.6725.000.080.42-0.33
JapanNAGOYA 50261152.0042.312.043.15-1.12
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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