BEARISH EVENING 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 EVENING STAR
Definition
This is a three-candlestick pattern signaling a major top reversal. It is composed of a white candlestick followed by a short candlestick, which characteristically gaps up to form a star. Then we have a third black candlestick whose closing is well into the first session’s white body. This is a meaningful top pattern.
Recognition Criteria
1. The market is characterized by a prevailing uptrend.
2. We see a white candlestick on the first day.
3. Then, we see a short candlestick on the second day that gaps in the direction of the uptrend.
4. A black candlestick is observed on the third day.
Pattern Requirements and Flexibility
The Bearish Evening Star starts with a white candlestick and it should continue with a short candlestick (white or black) that opens with a gap up. The black candlestick appearing on the third day should open at or lower than the highest level of the body of the second candlestick, and it should close well into the white candlestick that appears at the beginning of the pattern. The extent of how low this candlestick must close is defined according to the other candlesticks belonging to the pattern. The third day’s closing must reach the midpoint between the first day’s opening and the second day’s highest body level.
Trader’s Behavior
An uptrend is being observed, and the white candlestick confirms the continuation of the uptrend. The appearance of the short candlestick that makes a gap indicates that bulls are still pushing up the price. However, the tight price action on the second day between the open and the close shows indecision. The third day is a black body that moves into the first day’s white body. A significant trend reversal has occurred.
Sell/Stop Loss Levels
The confirmation level is defined as the last close. Prices should cross below this level for confirmation.

The stop loss level is defined as the higher of the last two highs. 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 90623668.8958.069.403.246.16
CanadaTSX-V 29219410866.4455.677.382.634.75
South KoreaKOSDAQ 1990137987869.4063.585.341.274.07
Vietnam HNX 51311960.7861.295.101.104.00
UAEUAE 52382273.0857.894.130.663.47
JapanFUKUOKA 53360.00100.003.330.003.33
USOTC PINK 2305153580567.5551.705.492.393.11
EgyptEGX 49338321477.6955.874.741.663.08
IndonesiaIDX 169756.2577.783.000.003.00
IndonesiaIDX 29720111967.6859.204.121.242.89
South KoreaKRX 2130142084266.6759.303.690.832.86
ThailandSET 43229215267.5952.053.670.992.68
NorwayOSE 2531588162.4551.273.991.302.68
IndiaNSE 27802012114072.3756.663.861.272.59
IndiaBSE 33002362131771.6155.733.731.412.32
MalaysiaBURSA 38727314470.5452.753.611.322.30
ChinaSZSE 41802754159565.8957.923.551.272.28
USNASDAQ 67054418232765.9552.623.571.342.24
PakistanKSE 44233118374.8955.293.851.632.23
PhilippinesPSE 1661145968.6751.753.251.032.22
Hong KongHKEX 1728117963768.2354.033.311.132.18
SwedenSTOCKHOLM 90560131266.7451.663.491.432.06
ChinaSSE 28681901106866.2856.182.981.051.93
BangladeshDSE 43932918374.9455.623.011.121.89
SpainIBEX 2301608869.5755.002.951.081.87
Poland GPW 36726013470.8451.543.391.671.72
Vietnam HOSE 30620911268.3053.593.191.491.70
The World 88048589023086066.9652.352.831.131.70
DenmarkCOPENHAGEN 1771106162.1555.452.570.891.68
TaiwanGTSM 83958631269.8553.242.650.981.66
ChileBCS 29201368.9765.002.500.851.65
JapanTOKYO 76965240282568.0953.912.781.161.62
CanadaTSX 2370153276564.6449.932.681.071.61
BrazilBOVESPA 66942923064.2853.492.901.321.59
TurkeyBIST 56939420869.2452.792.831.331.50
TaiwanTWSE 1579105755966.9452.892.390.901.49
USAMEX 99362530862.9449.282.621.141.48
AustraliaASX 1524101349666.4748.963.061.611.45
SingaporeSGX 1731186868.2157.632.571.181.39
Saudi ArabiaTADAWUL 35123812967.8154.202.391.011.38
RussiaMICEX 31020810769.6849.542.320.961.36
AustraliaASX 36292080.5668.971.410.071.34
BelgiumBRUSSELS 1631155470.5546.962.240.971.27
Austria WIENERBORSE 129864566.6752.332.220.991.23
USNYSE 105026733337264.1350.072.181.021.17
RussiaMICEX 27181166.6761.111.560.391.17
IsraelTASE 61242722869.7753.402.561.441.12
MexicoBMV 40025412463.5048.822.351.231.12
ArgentinaBUE 1761035558.5253.402.581.481.11
UKLSE 34032329111868.4747.982.151.051.10
FOREXFOREX 33241572.7362.501.580.501.08
DenmarkCOPENHAGEN 27191470.3773.681.160.161.00
Poland GPW 22151168.1873.331.130.131.00
Vietnam HOSE 128466.6750.001.380.381.00
SwedenSTOCKHOLM 28201371.4365.001.150.200.95
MexicoBMV 28221678.5772.731.140.230.91
FrancePARIS 1649113254268.6547.881.880.980.91
UKLSE 32201462.5070.001.100.200.90
BangladeshDSE 2210845.4580.000.900.000.90
ItalyBORSA 2390163272968.2844.671.800.960.84
Greece ATHENS 90502956.6756.862.221.390.82
SwitzerlandSIX 85462.5080.001.000.200.80
QatarQE 45291964.4465.522.281.480.79
ThailandSET 25201080.0050.000.950.200.75
USFOREX 23151465.2293.330.800.070.73
USPREFERRED 3552179761.1344.701.360.690.68
IsraelTASE 27221581.4868.180.820.180.64
GermanyXETRA 35152356107667.0345.671.460.840.63
IndiaNSE 148657.1475.000.880.250.63
SwitzerlandSIX 90759324766.0441.241.570.960.61
BrazilBOVESPA 1510566.6750.000.900.300.60
CanadaTSX 25181172.0061.110.720.170.56
Hong KongHKEX 1611668.7554.550.730.180.55
NetherlandsAMSTERDAM 61441719067.9245.561.240.720.52
PhilippinesPSE 30191463.3373.680.630.160.47
JapanTOKYO 1916984.2156.250.750.310.44
PakistanKSE 2111452.3836.360.820.450.36
TurkeyBIST 159560.0055.560.560.220.33
UAEUAE 2413654.1746.150.620.310.31
Austria WIENERBORSE 1511673.3354.550.640.360.27
Greece ATHENS 1511673.3354.550.640.360.27
PortugalLISBON 1712670.5950.000.580.330.25
JordanASE 30221073.3345.451.681.450.23
SpainIBEX 1713676.4746.150.540.380.15
South KoreaKOSDAQ 1911557.8945.450.550.450.09
USOTCBB 1000.000.000.000.000.00
SingaporeSGX 1510366.6730.000.300.300.00
NetherlandsAMSTERDAM 2013665.0046.150.540.540.00
BelgiumBRUSSELS 2013665.0046.150.540.540.00
ChinaSSE 1914573.6835.710.360.360.00
FrancePARIS 1913668.4246.150.540.540.00
GermanyXETRA 1913668.4246.150.540.540.00
JapanNAGOYA 3414541.1835.711.711.710.00
ItalyBORSA 1913668.4246.150.540.540.00
ChileBCS 1613481.2530.770.230.31-0.08
NorwayOSE 2420683.3330.000.400.55-0.15
TaiwanGTSM 1411578.5745.450.360.55-0.18
MalaysiaBURSA 177241.1828.570.140.43-0.29
JapanSAPPORO 43275.0066.670.671.33-0.67
KuwaitKSE 49311463.2745.161.262.06-0.81
PortugalLISBON 35231465.7160.873.003.96-0.96
ArgentinaBUE 148457.1450.000.381.50-1.13
USWARRANTS 1914573.6835.714.576.00-1.43
OmanMSM 54180.0025.000.504.00-3.50
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.

Candlesticker.com is an independent and free website and all the Services provided by Americanbulls.com LLC at Candlesticker.com are completely free of charge. Americanbulls.com LLC does not receive compensation by any direct or indirect means from the visitors and users of this website (or of any other bulls.com© family websites), and from the stocks, securities and other institutions or any underwriters or dealers associated with the broader national or international forex, commodity and stock markets.

You agree that Candlesticker.com and Americanbulls.com LLC its parent company, subsidiaries, affiliates, officers and employees shall not be liable for any direct, indirect, incidental, special or consequential damages.