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 94563459.5760.7110.023.216.80
CanadaTSX-V 28117911263.7062.577.573.494.08
IndonesiaIDX 53937223369.0262.634.731.183.54
Hong KongHKEX 149791053660.7958.904.281.163.12
USOTC PINK 2173131867560.9850.945.572.463.11
JapanFUKUOKA 1510566.6750.003.600.503.10
PhilippinesPSE 26817011363.4366.474.281.362.92
South KoreaKOSDAQ 132780447060.7458.314.081.332.76
UAEUAE 59321854.2456.253.971.252.72
ThailandSET 71548627867.9757.203.671.072.60
Poland GPW 39725516064.4862.503.671.122.55
PakistanKSE 41426315463.5358.563.921.412.51
SwedenSTOCKHOLM 120270238158.4054.273.721.242.48
KuwaitKSE 80462557.5054.353.300.852.46
BangladeshDSE 51034821168.2460.633.471.052.42
TurkeyBIST 119581.8255.562.780.442.33
NorwayOSE 2791658759.1452.733.771.452.32
MalaysiaBURSA 68841823960.7657.183.461.172.29
IndiaNSE 1912121867963.7055.753.511.292.21
IsraelTASE 83349025258.8251.433.291.202.09
BelgiumBRUSSELS 178985055.0651.023.081.032.05
IndiaBSE 30431944105663.8854.323.581.562.02
ChileBCS 109653859.6358.462.580.631.95
TurkeyBIST 88356129463.6552.313.141.211.93
USNASDAQ 46742851146561.0251.373.321.391.93
South KoreaKRX 122472640459.3155.652.891.001.88
DenmarkCOPENHAGEN 1821056157.6958.103.141.371.77
QatarQE 91593064.8450.852.560.811.75
TaiwanGTSM 1561104755767.0753.202.781.041.74
UKLSE 2933166885856.9751.352.771.111.66
ChinaSZSE 32431939105559.7954.413.061.411.65
TaiwanTWSE 2088132569363.4652.302.661.011.65
The World 74333447812309760.2951.532.781.151.63
AustraliaASX 135082739561.5647.533.351.721.63
SwedenSTOCKHOLM 178347.0637.502.130.501.63
SpainIBEX 2261527867.2651.322.621.031.59
EgyptEGX 85371843.5348.652.971.411.57
JapanTOKYO 56633331174058.8252.242.691.131.55
Vietnam HOSE 49031317463.8855.592.621.071.55
FrancePARIS 140179841156.9651.502.450.941.51
Poland GPW 94444.44100.001.500.001.50
UKLSE 3018860.0044.441.780.281.50
Saudi ArabiaTADAWUL 67642221562.4350.952.350.921.43
ChinaSSE 2143121260956.5650.252.621.291.34
PortugalLISBON 56362064.2955.562.220.891.33
BrazilBOVESPA 78844221356.8547.542.691.411.28
Vietnam HNX 125743959.2052.702.431.201.23
ArgentinaBUE 2151205856.2847.932.831.611.21
USNYSE 67013974186759.3646.932.140.961.17
ChinaSSE 2212554.5541.671.330.171.17
ThailandSET 2113961.9069.231.310.151.15
MexicoBMV 35921110858.7751.182.641.531.10
USAMEX 60234215856.8146.202.541.461.08
MexicoBMV 38301878.9560.001.370.331.03
TaiwanGTSM 43275.0066.671.000.001.00
NetherlandsAMSTERDAM 43028114265.3550.531.740.750.99
GermanyXETRA 2472153671962.1846.781.870.920.95
CanadaTSX 2050116155956.6348.152.041.110.93
JapanTOKYO 188644.4475.000.880.000.88
ItalyBORSA 1663107749364.7645.781.991.120.87
BrazilBOVESPA 41231456.1060.871.350.480.87
DenmarkCOPENHAGEN 167543.7571.430.860.000.86
RussiaMICEX 3391888556.9344.041.770.920.85
SingaporeSGX 161934357.7646.242.221.370.85
IndonesiaIDX 2412750.0058.331.080.250.83
SwitzerlandSIX 75743519657.7344.851.851.030.82
IsraelTASE 2011755.0063.641.180.360.82
ChileBCS 2913944.8369.230.920.150.77
RussiaMICEX 31251480.6556.001.440.680.76
USFOREX 40261565.0057.690.810.120.69
SwitzerlandSIX 136446.1566.670.830.170.67
Austria WIENERBORSE 108712965.7440.852.271.700.56
Greece ATHENS 98572258.1638.602.441.880.56
AustraliaASX 1912763.1658.330.920.420.50
CanadaTSX 1710558.8250.000.700.200.50
South KoreaKOSDAQ 27181166.6761.110.610.220.39
SpainIBEX 2013465.0030.770.540.150.38
PakistanKSE 2514756.0050.000.430.070.36
Vietnam HOSE 39291674.3655.170.590.240.34
PortugalLISBON 159360.0033.330.560.220.33
FrancePARIS 138261.5425.000.500.250.25
ItalyBORSA 138261.5425.000.500.250.25
BelgiumBRUSSELS 138261.5425.000.500.250.25
Austria WIENERBORSE 138261.5425.000.500.250.25
Greece ATHENS 138261.5425.000.500.250.25
GermanyXETRA 138261.5425.000.500.250.25
NetherlandsAMSTERDAM 138261.5425.000.500.250.25
USWARRANTS 3218756.2538.893.723.500.22
USPREFERRED 4182217952.8735.750.890.700.19
UAEUAE 3417950.0052.940.240.060.18
PhilippinesPSE 1812366.6725.000.250.170.08
Hong KongHKEX 2515760.0046.670.200.130.07
MalaysiaBURSA 2716759.2643.750.380.310.06
BangladeshDSE 4126863.4130.770.350.310.04
USOTCBB 1000.000.000.000.000.00
OmanMSM 62133.3350.000.500.500.00
FOREXFOREX 38261068.4238.460.650.650.00
IndiaNSE 1312692.3150.000.330.42-0.08
SingaporeSGX 1911457.8936.360.180.27-0.09
ArgentinaBUE 2912541.3841.670.420.67-0.25
NorwayOSE 1812366.6725.000.080.42-0.33
JordanASE 126250.0033.330.671.00-0.33
JapanNAGOYA 49261153.0642.312.043.15-1.12
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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