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 1910852.6380.0017.001.7015.30
CanadaTSX-V 136835061.0360.246.922.404.52
TurkeyBIST 76585.7183.334.170.174.00
USOTC PINK 97460032061.8153.165.602.123.49
Hong KongHKEX 81650330661.6460.834.371.133.23
IndonesiaIDX 29320112168.6060.204.481.363.11
OmanMSM 21150.00100.003.000.003.00
UAEUAE 35231565.7165.224.041.092.96
PakistanKSE 2201368161.8259.564.261.312.95
South KoreaKOSDAQ 77046727860.6559.534.321.432.89
ThailandSET 38325714967.1057.983.680.822.86
Poland GPW 22915310067.6964.523.570.812.75
MalaysiaBURSA 34421412262.2157.013.500.932.57
IndiaNSE 116074943664.5758.213.671.192.48
ArgentinaBUE 82472958.5460.423.100.732.38
SwedenSTOCKHOLM 56833116758.2750.453.341.092.25
IndiaBSE 1913121967863.7255.623.641.402.24
BangladeshDSE 36825115568.2161.753.130.922.20
UKLSE 1912663.1650.002.250.082.17
QatarQE 43311672.0951.612.710.552.16
USNASDAQ 2488149179160.0152.983.411.282.13
NorwayOSE 145823856.5546.343.351.292.06
DenmarkCOPENHAGEN 80422652.5061.903.521.482.05
IsraelTASE 40223312557.9653.653.041.022.02
BrazilBOVESPA 2911708758.4251.183.091.082.01
KuwaitKSE 3217953.1352.943.241.242.00
South KoreaKRX 73942424557.3757.782.830.871.96
FrancePARIS 67239222058.4855.982.770.851.92
Saudi ArabiaTADAWUL 35223113065.6356.282.710.841.87
RussiaMICEX 17151288.2480.002.000.201.80
Austria WIENERBORSE 35261574.2957.692.350.581.77
TaiwanTWSE 109969537763.2454.242.650.921.73
The World 36789222191178860.4253.032.831.121.72
Vietnam HOSE 26317310265.7858.962.851.131.72
TaiwanGTSM 84557632268.1755.902.701.021.68
BelgiumBRUSSELS 104562753.8548.212.681.021.66
Greece ATHENS 49281457.1450.003.111.461.64
MexicoBMV 20151175.0073.331.800.201.60
UKLSE 155384044754.1553.152.641.071.57
PhilippinesPSE 151976164.2462.893.411.861.56
Vietnam HNX 76483263.1666.672.711.171.54
SwitzerlandSIX 62233.33100.001.500.001.50
JapanTOKYO 3177182793957.5151.402.561.061.50
AustraliaASX 66538918758.5048.073.191.711.47
RussiaMICEX 168955257.1454.172.270.801.47
ChinaSZSE 1723104355360.5353.022.901.491.41
USAMEX 1871156361.5054.783.412.031.38
TurkeyBIST 49832416565.0650.932.561.231.34
ChinaSSE 102458528057.1347.862.651.341.31
ThailandSET 138661.5475.001.250.001.25
EgyptEGX 4518840.0044.442.721.501.22
USNYSE 35452098104059.1849.572.150.951.20
ChileBCS 64392160.9453.851.770.621.15
BrazilBOVESPA 27151055.5666.671.400.331.07
SpainIBEX 134934069.4043.012.081.051.02
Poland GPW 42250.00100.001.000.001.00
TaiwanGTSM 332100.0066.671.000.001.00
JapanTOKYO 116554.5583.331.000.001.00
IndonesiaIDX 64366.6775.001.250.251.00
GermanyXETRA 101662630461.6148.561.860.890.96
ItalyBORSA 81955326167.5247.202.221.280.93
SwitzerlandSIX 3071748356.6847.701.660.800.86
DenmarkCOPENHAGEN 157546.6771.430.860.000.86
ChinaSSE 137253.8528.571.140.290.86
ChileBCS 187638.8985.710.860.000.86
SwedenSTOCKHOLM 125141.6720.001.400.600.80
SingaporeSGX 99613561.6257.382.081.300.79
USFOREX 32211365.6361.900.900.140.76
CanadaTSX 105061331858.2951.961.831.130.70
PortugalLISBON 116254.5533.330.670.000.67
FOREXFOREX 2719970.3747.370.790.160.63
NetherlandsAMSTERDAM 1801265870.0046.031.560.940.62
GermanyXETRA 105150.0020.000.600.000.60
Greece ATHENS 105150.0020.000.600.000.60
SpainIBEX 1710358.8230.000.600.000.60
BelgiumBRUSSELS 105150.0020.000.600.000.60
Austria WIENERBORSE 105150.0020.000.600.000.60
FrancePARIS 105150.0020.000.600.000.60
ItalyBORSA 105150.0020.000.600.000.60
NetherlandsAMSTERDAM 105150.0020.000.600.000.60
South KoreaKOSDAQ 21151071.4366.670.730.200.53
PortugalLISBON 37231162.1647.831.390.870.52
BangladeshDSE 1710658.8260.000.600.100.50
AustraliaASX 129575.0055.560.890.440.44
MexicoBMV 161843952.1746.431.541.110.43
CanadaTSX 138361.5437.500.630.250.38
USPREFERRED 2641315649.6242.750.890.550.34
Vietnam HOSE 30221373.3359.090.590.270.32
IndiaNSE 774100.0057.140.570.290.29
UAEUAE 2713748.1553.850.310.080.23
PhilippinesPSE 1611368.7527.270.270.090.18
SingaporeSGX 116454.5566.670.330.170.17
PakistanKSE 116254.5533.330.330.170.17
IsraelTASE 137553.8571.430.430.290.14
Hong KongHKEX 1810555.5650.000.300.200.10
USOTCBB 1000.000.000.000.000.00
MalaysiaBURSA 2314660.8742.860.290.290.00
JapanNAGOYA 2913644.8346.151.151.23-0.08
JapanFUKUOKA 95255.5640.000.600.80-0.20
NorwayOSE 75171.4320.000.200.40-0.20
ArgentinaBUE 2111552.3845.450.450.73-0.27
JordanASE 106260.0033.330.671.00-0.33
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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