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 1/1/2016
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
CanadaCSE 31171354.8476.4716.351.4114.94
CanadaTSX-V 160996361.8863.647.583.014.57
TurkeyBIST 76585.7183.334.170.174.00
USOTC PINK 125278842763.4253.785.631.973.66
PakistanKSE 2431519262.1460.934.551.193.36
IndonesiaIDX 35624514968.8260.824.341.273.07
OmanMSM 21150.00100.003.000.003.00
Hong KongHKEX 101561136160.3958.894.051.182.88
IndiaNSE 138489552464.6758.553.941.162.77
South KoreaKOSDAQ 91955133160.0759.963.981.342.64
ThailandSET 46531918068.6056.433.490.872.62
Poland GPW 25617611269.5362.923.430.842.59
ArgentinaBUE 106603857.5562.303.390.822.57
BangladeshDSE 41728017367.1561.793.430.932.50
IndiaBSE 2192139479063.5956.673.811.382.43
UAEUAE 43251558.1460.003.641.242.40
MalaysiaBURSA 41125414361.8056.303.300.952.35
PhilippinesPSE 1891238265.0866.673.841.522.32
UKLSE 2113761.9053.852.460.152.31
DenmarkCOPENHAGEN 98523453.0665.383.691.422.27
SwedenSTOCKHOLM 70239420556.1352.033.251.052.20
FrancePARIS 86349426957.3654.342.890.832.06
KuwaitKSE 41231256.1052.172.870.832.04
USNASDAQ 32001954102461.3152.193.251.242.01
Poland GPW 63350.00100.002.000.002.00
IsraelTASE 47127814859.0253.242.891.001.89
South KoreaKRX 89451028857.1656.362.760.901.86
Vietnam HOSE 32221513466.7762.332.831.001.84
NorwayOSE 170974457.0645.363.311.471.84
RussiaMICEX 2111196556.8754.172.530.731.81
RussiaMICEX 17151288.2480.002.000.201.80
QatarQE 52361869.2350.002.610.891.72
The World 45470274151438960.3652.432.781.091.70
BrazilBOVESPA 36020810157.7848.562.721.031.69
Saudi ArabiaTADAWUL 41026914665.6154.282.470.841.63
TaiwanTWSE 135286044763.6151.982.520.901.63
TurkeyBIST 62340421464.8552.972.881.261.62
Austria WIENERBORSE 55321958.1859.382.130.561.56
ChinaSZSE 2123125967059.3053.223.001.441.56
TaiwanGTSM 100869437568.8554.032.601.051.55
JapanNAGOYA 3215746.8846.672.671.131.53
JapanTOKYO 39642283118257.5951.772.561.051.50
SwitzerlandSIX 62233.33100.001.500.001.50
UKLSE 1865100953054.1652.482.531.041.49
EgyptEGX 56211037.5047.622.711.331.38
Vietnam HNX 81473258.0268.092.280.961.32
ChileBCS 74422356.7654.761.860.601.26
ThailandSET 138661.5475.001.250.001.25
BelgiumBRUSSELS 119653154.6247.692.431.181.25
AustraliaASX 80948122059.7045.552.831.581.24
MexicoBMV 30241480.0058.331.500.291.21
ChinaSSE 130872534555.4347.592.541.361.19
USNYSE 46752818135360.3447.962.030.911.11
SpainIBEX 1581105369.6248.182.121.031.09
TaiwanGTSM 332100.0066.671.000.001.00
GermanyXETRA 131179436360.5645.721.810.870.94
ItalyBORSA 96062829665.5247.062.021.100.92
USAMEX 34920910159.8948.332.411.490.92
CanadaTSX 132076039157.5851.451.880.990.89
JapanTOKYO 138661.5475.000.880.000.88
DenmarkCOPENHAGEN 157546.6771.430.860.000.86
SwedenSTOCKHOLM 125141.6720.001.400.600.80
NetherlandsAMSTERDAM 2381607667.2347.501.640.860.79
USFOREX 34221464.7163.640.910.140.77
Greece ATHENS 61391663.9341.032.691.950.74
BrazilBOVESPA 30181160.0061.111.170.440.72
SwitzerlandSIX 40922610755.2647.351.560.840.72
IndonesiaIDX 147450.0057.141.000.290.71
PortugalLISBON 126250.0033.330.670.000.67
SingaporeSGX 105643360.9551.561.881.270.61
Austria WIENERBORSE 105150.0020.000.600.000.60
FOREXFOREX 2820971.4345.000.750.150.60
AustraliaASX 1310676.9260.001.000.400.60
BelgiumBRUSSELS 105150.0020.000.600.000.60
FrancePARIS 105150.0020.000.600.000.60
SpainIBEX 1710358.8230.000.600.000.60
Greece ATHENS 105150.0020.000.600.000.60
GermanyXETRA 105150.0020.000.600.000.60
ChinaSSE 1710358.8230.000.800.200.60
NetherlandsAMSTERDAM 105150.0020.000.600.000.60
ItalyBORSA 105150.0020.000.600.000.60
JapanFUKUOKA 137353.8542.861.140.570.57
CanadaTSX 159460.0044.440.780.220.56
ChileBCS 2411745.8363.640.730.180.55
PortugalLISBON 43261360.4750.001.310.770.54
USPREFERRED 3041596352.3039.621.020.500.52
South KoreaKOSDAQ 23161069.5762.500.690.250.44
Vietnam HOSE 33261578.7957.690.620.230.38
IndiaNSE 98588.8962.500.500.250.25
UAEUAE 2813746.4353.850.310.080.23
PhilippinesPSE 1611368.7527.270.270.090.18
PakistanKSE 116254.5533.330.330.170.17
IsraelTASE 147550.0071.430.430.290.14
MexicoBMV 1881034754.7945.631.311.170.14
SingaporeSGX 148457.1450.000.250.130.13
BangladeshDSE 2616761.5443.750.380.250.13
Hong KongHKEX 1911657.8954.550.270.180.09
USOTCBB 1000.000.000.000.000.00
MalaysiaBURSA 2415662.5040.000.270.33-0.07
NorwayOSE 108380.0037.500.130.38-0.25
ArgentinaBUE 2111552.3845.450.450.73-0.27
JordanASE 127258.3328.570.570.86-0.29
USWARRANTS 31033.330.000.007.00-7.00
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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