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 86523060.4757.6910.583.387.19
CanadaTSX-V 26917010663.2062.357.383.383.99
IndonesiaIDX 49835021870.2862.294.741.223.52
JapanFUKUOKA 1410571.4350.003.600.503.10
USOTC PINK 2099127165060.6051.105.492.463.03
Hong KongHKEX 145088151360.7658.234.161.153.02
South KoreaKOSDAQ 126876845660.5759.384.201.322.89
PakistanKSE 38124214563.5259.924.101.222.88
PhilippinesPSE 25916510763.7164.854.191.412.78
UAEUAE 55311756.3654.844.061.292.77
TurkeyBIST 108580.0062.503.130.382.75
Poland GPW 38324515563.9763.273.761.102.66
ThailandSET 68246226367.7456.933.661.032.63
BangladeshDSE 49433820668.4260.953.520.962.56
IndiaNSE 1826116766163.9156.643.681.242.44
SwedenSTOCKHOLM 113566536558.5954.893.711.272.44
NorwayOSE 2571527959.1451.973.801.502.30
IsraelTASE 78845923958.2552.073.431.212.22
MalaysiaBURSA 65640122461.1355.863.421.212.21
BelgiumBRUSSELS 166914754.8251.653.211.022.19
IndiaBSE 28981851101863.8755.003.691.532.17
USNASDAQ 44532710139060.8851.273.341.401.95
TurkeyBIST 85854428163.4051.653.131.221.92
South KoreaKRX 118369839059.0055.872.851.001.84
DenmarkCOPENHAGEN 172975556.4056.703.231.431.79
TaiwanGTSM 1514102055267.3754.122.831.041.79
QatarQE 89572864.0449.122.540.821.72
The World 70800426282208960.2351.802.811.151.66
ChinaSZSE 3103185299859.6853.893.031.391.64
TaiwanTWSE 1998127166263.6152.082.671.031.64
UKLSE 2763157280656.8951.272.801.161.63
AustraliaASX 125977136561.4047.223.311.681.63
SwedenSTOCKHOLM 178347.0637.502.130.501.63
JapanTOKYO 54293181165358.5951.962.721.141.58
EgyptEGX 82371845.1248.652.971.411.57
FrancePARIS 132275740057.2652.842.520.971.54
ArgentinaBUE 1901065455.7950.943.141.601.54
SpainIBEX 2151477568.3751.022.541.031.51
UKLSE 2918862.0744.441.780.281.50
Poland GPW 94444.44100.001.500.001.50
Saudi ArabiaTADAWUL 66241321362.3951.572.390.921.47
Vietnam HOSE 46930116964.1856.152.531.111.42
ChileBCS 104603357.6955.002.070.651.42
KuwaitKSE 73371850.6848.652.351.051.30
ChinaSSE 2047114857456.0850.002.591.301.29
BrazilBOVESPA 68938417956.0246.372.751.471.28
MexicoBMV 3221889758.3951.602.681.431.24
USNYSE 64483783178658.7247.172.180.961.21
ChinaSSE 2112557.1441.671.330.171.17
ThailandSET 2113961.9069.231.310.151.15
PortugalLISBON 55341761.8250.002.120.971.15
Vietnam HNX 109653559.6353.852.451.401.05
USAMEX 56632114556.8945.032.541.501.03
MexicoBMV 38301878.9560.001.370.331.03
TaiwanGTSM 43275.0066.671.000.001.00
GermanyXETRA 2314144170662.2748.991.920.920.99
ItalyBORSA 1551100547264.8046.972.091.130.96
NetherlandsAMSTERDAM 39926113365.4150.961.750.810.94
RussiaMICEX 3241797955.8643.651.850.960.88
CanadaTSX 1980111353956.2148.432.011.130.88
SwitzerlandSIX 71141619158.7945.691.941.060.88
RussiaMICEX 31241477.4258.331.500.630.88
JapanTOKYO 168650.0075.000.880.000.88
BrazilBOVESPA 41231456.1060.871.350.480.87
DenmarkCOPENHAGEN 167543.7571.430.860.000.86
IndonesiaIDX 2412750.0058.331.080.250.83
IsraelTASE 2011755.0063.641.180.360.82
SingaporeSGX 157934559.2448.392.151.350.80
ChileBCS 2813946.4369.230.920.150.77
USFOREX 39251464.1056.000.800.120.68
SwitzerlandSIX 126450.0066.670.830.170.67
AustraliaASX 1812766.6758.330.920.420.50
CanadaTSX 1710558.8250.000.700.200.50
FOREXFOREX 34251073.5340.000.680.280.40
South KoreaKOSDAQ 27181166.6761.110.610.220.39
SpainIBEX 2013465.0030.770.540.150.38
PortugalLISBON 159360.0033.330.560.220.33
Austria WIENERBORSE 95642767.3742.192.111.780.33
Greece ATHENS 90521957.7836.542.382.060.33
Vietnam HOSE 38281573.6853.570.570.250.32
USPREFERRED 4342298652.7637.550.990.690.30
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
GermanyXETRA 138261.5425.000.500.250.25
Greece ATHENS 138261.5425.000.500.250.25
PakistanKSE 179352.9433.330.330.110.22
UAEUAE 3215746.8846.670.270.070.20
PhilippinesPSE 1711364.7127.270.270.090.18
BangladeshDSE 3824863.1633.330.380.250.13
Hong KongHKEX 2313656.5246.150.230.150.08
MalaysiaBURSA 2716759.2643.750.380.310.06
USOTCBB 1000.000.000.000.000.00
IndiaNSE 1110690.9160.000.400.400.00
OmanMSM 62133.3350.000.500.500.00
USWARRANTS 2513452.0030.775.545.62-0.08
SingaporeSGX 1911457.8936.360.180.27-0.09
NorwayOSE 1610362.5030.000.100.30-0.20
ArgentinaBUE 2812542.8641.670.420.67-0.25
JordanASE 126250.0033.330.671.00-0.33
JapanNAGOYA 47251153.1944.002.123.24-1.12
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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