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 158553.3362.5012.881.0011.88
USOTC PINK 122674944361.0959.156.231.454.79
Hong KongHKEX 112872245964.0163.575.290.924.37
TurkeyBIST 76585.7183.334.170.174.00
UAEUAE 48312264.5870.974.320.353.97
EgyptEGX 65291644.6255.175.311.383.93
USWARRANTS 1610862.5080.004.300.803.50
South KoreaKOSDAQ 91257237362.7265.214.671.173.50
PakistanKSE 29719512965.6666.154.421.033.38
IndiaNSE 147197263666.0865.434.170.933.24
ArgentinaBUE 84473555.9574.473.680.473.21
IndonesiaIDX 32821313564.9463.384.241.103.15
IndiaBSE 24651580100164.1063.354.231.133.10
NorwayOSE 1861116559.6858.563.980.923.06
Poland GPW 29419713267.6966.333.800.773.03
SwitzerlandSIX 31133.33100.003.000.003.00
BrazilBOVESPA 33219212157.8363.023.840.932.91
DenmarkCOPENHAGEN 100594059.0067.803.760.862.90
USNASDAQ 28671785108862.4060.823.710.832.88
IsraelTASE 46126216356.8362.213.550.692.85
MalaysiaBURSA 45928317061.6660.073.630.822.81
ChinaSZSE 1932121975863.1062.183.981.202.79
ChinaSSE 111666139359.2359.463.670.962.71
TaiwanGTSM 101769746868.5367.143.470.782.70
BangladeshDSE 37826317069.5864.643.410.732.68
Greece ATHENS 47281459.5750.003.861.252.61
CanadaTSX-V 127804262.9952.505.482.902.58
Saudi ArabiaTADAWUL 39625817265.1566.673.060.522.55
South KoreaKRX 88552934659.7765.413.160.662.50
Vietnam HOSE 29919412764.8865.463.420.922.49
RussiaMICEX 1931157559.5965.223.000.572.43
Vietnam HNX 104604057.6966.673.451.032.42
SwedenSTOCKHOLM 61336021258.7358.893.290.892.39
ThailandSET 43729216066.8254.793.250.882.37
The World 43607270121615261.9659.783.170.852.32
UKLSE 1710558.8250.002.400.102.30
KuwaitKSE 32191159.3857.893.681.422.26
TurkeyBIST 60639022864.3658.463.220.982.24
BelgiumBRUSSELS 122663554.1053.033.020.802.21
USAMEX 29918011460.2063.333.070.912.17
TaiwanTWSE 126081249764.4461.212.890.742.15
FrancePARIS 80847728259.0359.122.720.612.11
Austria WIENERBORSE 37241864.8675.002.460.422.04
AustraliaASX 75545024859.6055.113.221.241.98
UKLSE 1853101658054.8357.092.920.961.96
QatarQE 49312063.2764.522.450.551.90
ItalyBORSA 98566735667.7253.372.770.911.86
PhilippinesPSE 1871328470.5963.643.141.331.81
RussiaMICEX 16141187.5078.572.000.211.79
CanadaTSX 132078746659.6259.212.520.771.75
SingaporeSGX 129834764.3456.632.841.231.61
JapanTOKYO 36172085116957.6456.072.460.861.60
USNYSE 40772540142562.3056.102.290.721.56
SpainIBEX 1561106170.5155.452.230.791.44
GermanyXETRA 117277543066.1355.482.040.701.34
ThailandSET 96466.6766.671.330.001.33
IndonesiaIDX 43275.0066.671.670.331.33
NetherlandsAMSTERDAM 2081467570.1951.371.860.581.28
ChileBCS 58362162.0758.331.970.691.28
BrazilBOVESPA 2213859.0961.541.620.381.23
USPREFERRED 3081649153.2555.491.530.351.18
PortugalLISBON 45331973.3357.581.850.761.09
MexicoBMV 20151075.0066.671.270.201.07
TaiwanGTSM 332100.0066.671.000.001.00
Poland GPW 42250.00100.001.000.001.00
ChinaSSE 126250.0033.331.330.331.00
OmanMSM 31133.33100.001.000.001.00
South KoreaKOSDAQ 1611968.7581.820.910.000.91
MexicoBMV 1911096157.0755.961.770.900.87
DenmarkCOPENHAGEN 157546.6771.430.860.000.86
ChileBCS 157646.6785.710.860.000.86
FOREXFOREX 2617965.3852.940.880.060.82
SwedenSTOCKHOLM 125141.6720.001.400.600.80
JapanTOKYO 95455.5680.000.800.000.80
BangladeshDSE 148657.1475.000.750.000.75
AustraliaASX 118572.7362.501.000.250.75
JapanNAGOYA 2712644.4450.001.580.830.75
SwitzerlandSIX 36621410258.4747.661.440.700.74
USFOREX 28191167.8657.890.840.160.68
SpainIBEX 159360.0033.330.670.000.67
PortugalLISBON 106260.0033.330.670.000.67
JordanASE 158553.3362.501.380.750.63
BelgiumBRUSSELS 95155.5620.000.600.000.60
Austria WIENERBORSE 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
NetherlandsAMSTERDAM 95155.5620.000.600.000.60
ItalyBORSA 95155.5620.000.600.000.60
IndiaNSE 664100.0066.670.670.170.50
CanadaTSX 127358.3342.860.710.290.43
Vietnam HOSE 26191273.0863.160.630.210.42
UAEUAE 2211650.0054.550.360.000.36
SingaporeSGX 84250.0050.000.500.250.25
Hong KongHKEX 138561.5462.500.380.130.25
JapanFUKUOKA 54180.0025.000.500.250.25
IsraelTASE 126450.0066.670.500.330.17
PakistanKSE 116254.5533.330.330.170.17
USOTCBB 1000.000.000.000.000.00
PhilippinesPSE 138261.5425.000.130.130.00
MalaysiaBURSA 2213559.0938.460.230.31-0.08
NorwayOSE 75171.4320.000.200.40-0.20
ArgentinaBUE 199347.3733.330.440.89-0.44
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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