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 83237.5066.6713.000.0013.00
USOTC PINK 114269340660.6858.596.141.404.74
USWARRANTS 159860.0088.894.780.334.44
Hong KongHKEX 105067241264.0061.315.220.944.28
UAEUAE 47302263.8373.334.470.374.10
TurkeyBIST 76585.7183.334.170.174.00
South KoreaKOSDAQ 83652433962.6864.694.621.213.41
PakistanKSE 27718111865.3465.194.291.013.28
IndonesiaIDX 29418611963.2763.984.321.103.23
IndiaNSE 135788757365.3664.604.010.973.04
SwitzerlandSIX 31133.33100.003.000.003.00
Poland GPW 27518612467.6466.673.760.782.98
BrazilBOVESPA 29817010857.0563.533.860.902.96
USNASDAQ 2533157995862.3460.673.760.852.91
DenmarkCOPENHAGEN 92563960.8769.643.550.662.89
EgyptEGX 59261344.0750.004.381.502.88
IndiaBSE 2287146091163.8462.404.041.172.87
IsraelTASE 41223014455.8362.613.520.682.84
NorwayOSE 1751056060.0057.143.760.952.81
ChinaSSE 100257633757.5858.413.780.982.80
TaiwanGTSM 93063241967.9666.303.470.752.72
KuwaitKSE 2514856.0057.144.501.792.71
Vietnam HOSE 25417111767.3268.423.560.852.70
BelgiumBRUSSELS 111603354.0555.003.420.732.68
BangladeshDSE 34023515269.1264.683.350.672.68
ChinaSZSE 1716105664161.5460.703.931.252.68
ArgentinaBUE 80422952.5069.053.310.692.62
USAMEX 2141278659.3567.723.651.062.60
RussiaMICEX 1761067060.2366.043.160.572.59
South KoreaKRX 76746229860.2364.503.260.702.56
UKLSE 169556.2555.562.670.112.56
Saudi ArabiaTADAWUL 36523815765.2165.973.060.552.51
MalaysiaBURSA 40124914762.0959.043.220.862.36
SwedenSTOCKHOLM 51930818159.3458.773.260.932.33
QatarQE 43251758.1468.002.840.562.28
The World 39285242251437161.6759.323.150.872.28
ThailandSET 39426514867.2655.853.140.882.25
TurkeyBIST 55035220564.0058.243.220.972.25
Austria WIENERBORSE 31221770.9777.272.680.452.23
TaiwanTWSE 112671843963.7761.142.880.722.15
PhilippinesPSE 1731217869.9464.463.331.192.14
Greece ATHENS 43261060.4738.463.651.622.04
Vietnam HNX 98553756.1267.273.020.982.04
UKLSE 168591752254.4256.922.960.942.03
ItalyBORSA 89960833067.6354.282.840.871.97
FrancePARIS 74343325458.2858.662.540.631.91
AustraliaASX 68040122458.9755.863.101.221.88
CanadaTSX-V 120794265.8353.164.943.131.81
RussiaMICEX 15141193.3378.572.000.211.79
CanadaTSX 119171241159.7857.722.480.761.72
SingaporeSGX 124824666.1356.102.781.161.62
USNYSE 36432261125862.0655.642.310.751.57
JapanTOKYO 3146177297456.3354.972.460.901.56
TaiwanGTSM 222100.00100.001.500.001.50
ChileBCS 51321962.7559.382.130.721.41
SpainIBEX 133925069.1754.352.170.801.37
ThailandSET 96466.6766.671.330.001.33
IndonesiaIDX 43275.0066.671.670.331.33
GermanyXETRA 107071938967.2054.101.980.711.27
MexicoBMV 1511773.3363.641.550.271.27
BrazilBOVESPA 1911757.8963.641.730.451.27
PortugalLISBON 38261668.4261.542.000.771.23
USPREFERRED 2801558855.3656.771.460.281.18
ChinaSSE 116254.5533.331.330.331.00
OmanMSM 31133.33100.001.000.001.00
Poland GPW 42250.00100.001.000.001.00
NetherlandsAMSTERDAM 1901326469.4748.481.590.630.96
JapanNAGOYA 2411545.8345.451.730.820.91
South KoreaKOSDAQ 1611968.7581.820.910.000.91
FOREXFOREX 2316969.5756.250.940.060.88
JordanASE 137553.8571.431.570.710.86
DenmarkCOPENHAGEN 157546.6771.430.860.000.86
ChileBCS 147650.0085.710.860.000.86
BangladeshDSE 137553.8571.430.860.000.86
SwedenSTOCKHOLM 125141.6720.001.400.600.80
JapanTOKYO 85462.5080.000.800.000.80
USFOREX 25171068.0058.820.940.180.76
AustraliaASX 96366.6750.001.000.330.67
SpainIBEX 159360.0033.330.670.000.67
JapanFUKUOKA 331100.0033.330.670.000.67
PortugalLISBON 106260.0033.330.670.000.67
NetherlandsAMSTERDAM 95155.5620.000.600.000.60
ItalyBORSA 95155.5620.000.600.000.60
GermanyXETRA 95155.5620.000.600.000.60
Greece ATHENS 95155.5620.000.600.000.60
FrancePARIS 95155.5620.000.600.000.60
BelgiumBRUSSELS 95155.5620.000.600.000.60
Austria WIENERBORSE 95155.5620.000.600.000.60
SwitzerlandSIX 3271929058.7246.881.320.730.59
IndiaNSE 664100.0066.670.670.170.50
CanadaTSX 96366.6750.000.830.330.50
Vietnam HOSE 24171170.8364.710.710.240.47
MexicoBMV 169995559.1755.001.420.960.46
IsraelTASE 105450.0080.000.600.200.40
UAEUAE 199447.3744.440.330.000.33
SingaporeSGX 84250.0050.000.500.250.25
Hong KongHKEX 138561.5462.500.380.130.25
PakistanKSE 106260.0033.330.330.170.17
PhilippinesPSE 107270.0028.570.140.140.00
USOTCBB 1000.000.000.000.000.00
MalaysiaBURSA 2012560.0041.670.250.33-0.08
NorwayOSE 75171.4320.000.200.40-0.20
ArgentinaBUE 188344.4437.500.500.75-0.25
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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