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 1/1/2015
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
CanadaCSE 1812866.6766.6711.421.759.67
ChinaSZSE 2153141687965.7762.085.381.284.10
South KoreaKOSDAQ 124289761872.2268.904.791.013.79
Saudi ArabiaTADAWUL 28320113971.0269.154.230.563.67
ArgentinaBUE 52281753.8560.714.540.893.64
ChinaSSE 145894757564.9560.724.721.113.61
CanadaTSX-V 138945668.1259.576.843.233.61
PhilippinesPSE 89523458.4365.384.130.583.56
ChileBCS 106360.0050.006.503.003.50
USOTC PINK 122384547069.0955.625.091.623.47
EgyptEGX 27520313773.8267.494.471.143.33
PortugalLISBON 26131150.0084.623.620.383.23
JapanNAGOYA 227431.8257.143.570.433.14
Hong KongHKEX 121483048968.3758.924.401.273.13
IndiaBSE 23881707108071.4863.274.191.143.04
PakistanKSE 27920312672.7662.074.171.212.96
IndiaNSE 1959140395171.6267.783.900.952.95
IndonesiaIDX 1721227770.9363.113.610.842.76
TaiwanGTSM 49535623371.9265.453.490.732.76
USNASDAQ 38592550154566.0860.593.600.892.70
Poland GPW 28219712969.8665.483.400.702.70
IsraelTASE 27419612471.5363.273.400.872.53
BangladeshDSE 29022014275.8664.553.400.902.50
BrazilBOVESPA 29518010661.0258.893.321.002.32
South KoreaKRX 124083251267.1061.543.150.842.30
USWARRANTS 137553.8571.432.710.432.29
ThailandSET 2771879767.5151.873.070.872.21
USAMEX 43028515266.2853.333.160.962.20
The World 49337336671976768.2458.713.090.912.18
IndonesiaIDX 126550.0083.332.170.002.17
DenmarkCOPENHAGEN 123815665.8569.142.720.582.14
AustraliaASX 82155931668.0956.532.930.862.07
QatarQE 24151262.5080.002.530.472.07
TaiwanTWSE 87157132865.5657.442.850.802.05
Austria WIENERBORSE 38302078.9566.672.370.332.03
TurkeyBIST 31921412567.0858.412.860.842.02
CanadaTSX 148096856365.4158.162.740.732.01
NorwayOSE 1941247363.9258.873.291.301.99
AustraliaASX 20161480.0087.501.880.001.88
JapanTOKYO 47703225188267.6358.342.810.941.87
MalaysiaBURSA 27418810368.6154.793.041.181.86
Vietnam HNX 48382279.1757.893.131.291.84
ThailandSET 136446.1566.671.830.001.83
SwedenSTOCKHOLM 49032519166.3358.772.801.021.77
BangladeshDSE 74357.1475.001.750.001.75
BrazilBOVESPA 64366.6775.001.750.001.75
MexicoBMV 1981297465.1557.362.380.671.71
SingaporeSGX 139935066.9153.762.891.241.66
RussiaMICEX 1731206969.3657.502.370.721.65
JordanASE 26231188.4647.832.871.261.61
SpainIBEX 1641277477.4458.272.781.171.61
UKLSE 105450.0080.001.600.001.60
FrancePARIS 88163138371.6260.702.250.701.55
ItalyBORSA 126291152172.1957.192.360.811.55
UKLSE 1785124768169.8654.612.390.871.52
Vietnam HOSE 1661156469.2855.652.921.431.50
RussiaMICEX 1611668.7554.551.910.451.45
USNYSE 66644467239167.0353.532.120.781.34
MexicoBMV 97677.7885.711.430.141.29
NetherlandsAMSTERDAM 32723813372.7855.881.740.491.25
SwedenSTOCKHOLM 139769.2377.781.440.221.22
Greece ATHENS 56321757.1453.132.591.381.22
Poland GPW 85462.5080.001.200.001.20
GermanyXETRA 1677119367271.1456.331.890.731.16
DenmarkCOPENHAGEN 149764.2977.781.220.111.11
IndiaNSE 32266.67100.001.000.001.00
South KoreaKOSDAQ 96366.6750.001.000.001.00
CanadaTSX 106560.0083.331.170.171.00
USFOREX 94344.4475.001.250.251.00
BelgiumBRUSSELS 115814270.4351.851.680.770.91
IsraelTASE 118672.7375.001.130.250.88
SwitzerlandSIX 46033216972.3950.751.400.580.81
Vietnam HOSE 65283.3340.001.200.400.80
JapanFUKUOKA 54380.0075.000.750.000.75
PhilippinesPSE 1710758.8270.000.900.200.70
Austria WIENERBORSE 76585.7183.330.830.170.67
BelgiumBRUSSELS 86575.0083.330.830.170.67
Greece ATHENS 76585.7183.330.830.170.67
GermanyXETRA 86575.0083.330.830.170.67
FrancePARIS 86575.0083.330.830.170.67
ItalyBORSA 86575.0083.330.830.170.67
PakistanKSE 86275.0033.331.000.330.67
NetherlandsAMSTERDAM 86575.0083.330.830.170.67
SingaporeSGX 65283.3340.000.600.000.60
TaiwanGTSM 65283.3340.000.600.000.60
USPREFERRED 2621506957.2546.000.990.410.57
PortugalLISBON 97577.7871.430.710.140.57
JapanTOKYO 1412785.7158.330.750.330.42
FOREXFOREX 1912763.1658.330.670.250.42
SpainIBEX 98588.8962.500.630.250.38
TurkeyBIST 138461.5450.000.380.250.13
UAEUAE 40261265.0046.151.421.310.12
NorwayOSE 119481.8244.440.780.670.11
ArgentinaBUE 95355.5660.000.600.600.00
SwitzerlandSIX 42150.0050.000.500.500.00
UAEUAE 129375.0033.330.440.440.00
MalaysiaBURSA 104240.0050.000.250.250.00
USOTCBB 1000.000.000.000.000.00
Hong KongHKEX 74257.1450.000.000.25-0.25
ChinaSSE 107170.0014.290.140.43-0.29
ChileBCS 87287.5028.570.140.43-0.29
JapanSAPPORO 43275.0066.670.671.33-0.67
KuwaitKSE 147150.0014.290.432.57-2.14
OmanMSM 43075.000.000.005.33-5.33
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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