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 1/1/2019
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
CanadaCSE 124714657.2664.799.722.427.30
CanadaTSX-V 28518211464.5661.967.712.665.05
JordanASE 96466.6766.674.830.174.67
Vietnam HNX 136874963.9756.325.251.184.07
USWARRANTS 41271665.8559.266.412.673.74
PhilippinesPSE 24015710165.4264.334.531.013.52
Hong KongHKEX 132780847960.8959.284.611.243.37
UAEUAE 56341960.7155.883.910.793.12
IndonesiaIDX 51035421769.4161.304.351.303.05
JapanFUKUOKA 1710458.8240.003.500.503.00
PakistanKSE 36425014768.6858.804.361.412.95
SwedenSTOCKHOLM 115769740660.4158.083.891.092.80
South KoreaKOSDAQ 119972642360.6358.184.171.392.78
KuwaitKSE 112623755.3659.683.450.692.76
USOTC PINK 2103127064361.2049.965.462.712.75
ThailandSET 61241323867.4857.633.831.092.74
MalaysiaBURSA 63238122560.2859.063.851.232.62
ChileBCS 93533356.9962.263.260.662.60
BangladeshDSE 43331319372.2961.663.741.152.59
Poland GPW 36922914462.0662.883.761.262.51
TurkeyBIST 119581.8255.562.780.442.33
IndiaBSE 2452156987064.0355.413.811.502.31
TurkeyBIST 81848926560.0253.973.341.182.15
USNASDAQ 44992755142361.3951.523.451.352.10
SpainIBEX 2021347466.3455.222.870.802.07
IsraelTASE 84349525258.8450.813.211.162.05
ChinaSZSE 2616153689158.7258.013.211.172.05
IndiaNSE 156899955263.7855.203.351.352.00
BelgiumBRUSSELS 168874151.7947.132.830.851.98
NorwayOSE 2671537757.3050.333.541.621.92
TaiwanGTSM 143893250464.8154.082.881.071.81
SingaporeSGX 147944763.9550.002.771.001.77
TaiwanTWSE 1912120463862.9752.992.680.921.75
Saudi ArabiaTADAWUL 59038720965.5954.012.430.681.75
Vietnam HOSE 48431316864.6753.672.781.041.74
South KoreaKRX 112168937461.5554.202.731.031.71
The World 71542433422244860.6851.712.761.081.68
JapanTOKYO 51203061166059.7954.232.651.001.65
SwedenSTOCKHOLM 178347.0637.502.130.501.63
FrancePARIS 147685443757.8651.172.430.851.58
UKLSE 2845169787159.7551.242.641.071.57
AustraliaASX 129481038162.6047.043.171.651.51
UKLSE 35221062.8645.451.770.271.50
QatarQE 82502260.9844.002.320.841.48
ChinaSSE 1813101953156.2152.112.541.071.47
CanadaTSX 2029115358356.8850.522.280.951.33
DenmarkCOPENHAGEN 1721025559.3053.922.611.321.28
BrazilBOVESPA 84447322856.8747.502.551.351.20
Poland GPW 136546.1583.331.170.001.17
USNYSE 66753995183359.9345.832.020.901.12
MexicoBMV 37324111964.6149.382.681.581.11
Austria WIENERBORSE 138894264.4947.192.621.561.06
RussiaMICEX 3251898860.3144.901.930.881.06
NetherlandsAMSTERDAM 47630115163.2450.171.720.681.04
GermanyXETRA 2831178487063.0548.741.820.781.04
MexicoBMV 41301873.1760.001.370.331.03
ItalyBORSA 1820115852063.6844.872.010.991.02
ThailandSET 24161066.6762.501.190.191.00
TaiwanGTSM 43275.0066.671.000.001.00
ChinaSSE 2313556.5238.461.230.231.00
USAMEX 65337816257.8942.862.171.220.95
SwitzerlandSIX 79845221657.7746.851.900.980.91
EgyptEGX 100582858.0048.282.331.430.90
JapanTOKYO 188644.4475.000.880.000.88
ArgentinaBUE 2531426756.1347.182.701.870.84
IsraelTASE 2111752.3863.641.180.360.82
ChileBCS 2913944.8369.230.920.150.77
BrazilBOVESPA 45251455.5656.001.240.480.76
PortugalLISBON 47321568.0946.881.841.130.72
RussiaMICEX 32261481.2553.851.380.690.69
IndonesiaIDX 2614853.8557.140.930.290.64
USPREFERRED 3742088555.6140.871.250.620.63
USFOREX 43271562.7955.560.780.150.63
SwitzerlandSIX 147550.0071.430.710.140.57
DenmarkCOPENHAGEN 189650.0066.670.670.110.56
AustraliaASX 2114766.6750.000.790.360.43
CanadaTSX 1912663.1650.000.580.170.42
South KoreaKOSDAQ 28181164.2961.110.610.220.39
Vietnam HOSE 40291672.5055.170.590.240.34
SpainIBEX 2215468.1826.670.470.270.20
PakistanKSE 2615757.6946.670.400.200.20
PortugalLISBON 1610362.5030.000.500.300.20
UAEUAE 3517948.5752.940.240.060.18
NetherlandsAMSTERDAM 149264.2922.220.440.330.11
Austria WIENERBORSE 149264.2922.220.440.330.11
BelgiumBRUSSELS 149264.2922.220.440.330.11
FrancePARIS 149264.2922.220.440.330.11
GermanyXETRA 149264.2922.220.440.330.11
ItalyBORSA 149264.2922.220.440.330.11
Greece ATHENS 149264.2922.220.440.330.11
Greece ATHENS 114702661.4037.141.711.630.09
PhilippinesPSE 1912363.1625.000.250.170.08
JapanNAGOYA 45251155.5644.003.002.920.08
Hong KongHKEX 2715755.5646.670.200.130.07
USOTCBB 1000.000.000.000.000.00
FOREXFOREX 40271067.5037.040.630.630.00
OmanMSM 62133.3350.000.500.500.00
MalaysiaBURSA 3019763.3336.840.320.37-0.05
BangladeshDSE 4630865.2226.670.300.37-0.07
IndiaNSE 1413692.8646.150.310.46-0.15
SingaporeSGX 2012460.0033.330.170.33-0.17
ArgentinaBUE 3313639.3946.150.380.62-0.23
NorwayOSE 1812366.6725.000.080.42-0.33
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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