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 1/1/2017
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
CanadaCSE 48352272.9262.8610.742.608.14
USWARRANTS 333100.00100.006.330.006.33
South KoreaKOSDAQ 1813132184872.8664.195.771.264.51
CanadaTSX-V 2111518571.5656.297.382.984.40
EgyptEGX 42031919975.9562.385.041.193.85
PhilippinesPSE 140915065.0054.954.190.693.49
USOTC PINK 2048140674169.4852.075.281.803.48
ArgentinaBUE 87493156.3263.274.140.863.29
IndiaNSE 27752033120773.2659.374.361.163.20
ThailandSET 40226514765.9255.473.940.823.12
JapanNAGOYA 318625.8175.003.380.383.00
South KoreaKRX 2035139581268.5558.213.880.892.99
IndonesiaIDX 27319412071.0661.863.921.042.89
Austria WIENERBORSE 82663580.4953.033.550.682.86
IndiaBSE 34122493142173.0757.004.271.412.86
ChileBCS 107370.0042.865.863.002.86
PakistanKSE 41530317673.0158.094.331.492.83
ChinaSZSE 38162489135565.2354.444.291.562.74
Saudi ArabiaTADAWUL 39327416569.7260.223.510.822.69
Hong KongHKEX 1780122765868.9353.634.001.342.67
NorwayOSE 2451578664.0854.783.590.992.61
ChinaSSE 2607170794465.4855.303.901.292.60
SwedenSTOCKHOLM 82654631066.1056.783.681.142.54
USNASDAQ 60003955208365.9252.673.681.172.52
UAEUAE 64442268.7550.003.391.092.30
TaiwanGTSM 78355732071.1457.453.150.892.26
QatarQE 39211453.8566.672.620.432.19
BangladeshDSE 47035520775.5358.313.281.102.17
IsraelTASE 43030317670.4758.093.281.152.14
The World 77697529262864868.1454.113.171.062.11
CanadaTSX 2247147079665.4254.152.990.892.09
AustraliaASX 125184844867.7952.833.221.132.09
USAMEX 78651426165.3950.783.000.962.04
JapanTOKYO 75885188293468.3756.553.101.082.02
DenmarkCOPENHAGEN 1731197368.7961.342.710.741.97
Vietnam HOSE 2381689070.5953.573.231.261.97
BrazilBOVESPA 51834217666.0251.463.031.211.82
TaiwanTWSE 143695052166.1654.842.800.991.81
TurkeyBIST 47932216167.2250.002.841.041.80
SingaporeSGX 1901227164.2158.202.690.931.76
MalaysiaBURSA 37726913971.3551.673.061.311.74
IndonesiaIDX 148657.1475.001.630.001.63
Poland GPW 34924512470.2050.612.751.131.62
SpainIBEX 2441869676.2351.612.861.261.60
Vietnam HNX 51391976.4748.722.951.411.54
UKLSE 28371995101270.3250.732.440.901.54
JordanASE 32281487.5050.002.711.211.50
RussiaMICEX 2114966.6764.291.790.361.43
USNYSE 103046754340065.5650.332.340.931.41
AustraliaASX 30251883.3372.001.440.041.40
SwedenSTOCKHOLM 19131068.4276.921.620.231.38
FrancePARIS 1466104356571.1554.172.260.881.38
BangladeshDSE 177641.1885.711.290.001.29
NetherlandsAMSTERDAM 56440121371.1053.121.860.641.22
ItalyBORSA 2022142671170.5249.862.140.941.21
UKLSE 2313956.5269.231.460.311.15
MexicoBMV 3152019963.8149.252.131.001.14
GermanyXETRA 2733191397070.0050.711.890.781.10
RussiaMICEX 2381657869.3347.272.121.071.04
SwitzerlandSIX 80857825671.5344.291.800.781.02
Poland GPW 127658.3385.711.000.001.00
IsraelTASE 18131172.2284.621.080.150.92
BelgiumBRUSSELS 1701215371.1843.801.911.020.89
MexicoBMV 21161176.1968.751.190.310.88
DenmarkCOPENHAGEN 2012960.0075.001.000.170.83
ThailandSET 1813572.2238.460.850.080.77
South KoreaKOSDAQ 127358.3342.860.860.140.71
BrazilBOVESPA 139569.2355.561.000.330.67
JapanFUKUOKA 43275.0066.670.670.000.67
Greece ATHENS 91572662.6445.612.672.020.65
PakistanKSE 168350.0037.501.130.500.63
USFOREX 19131268.4292.310.690.080.62
PhilippinesPSE 23151165.2273.330.730.130.60
JapanTOKYO 1714982.3564.290.860.290.57
USPREFERRED 3652219660.5543.441.130.600.52
Vietnam HOSE 96266.6733.331.000.500.50
FOREXFOREX 26191173.0857.890.840.370.47
IndiaNSE 117563.6471.430.710.290.43
CanadaTSX 2114966.6764.290.570.140.43
Greece ATHENS 128566.6762.500.630.250.38
Austria WIENERBORSE 128566.6762.500.630.250.38
PortugalLISBON 149564.2955.560.560.220.33
TurkeyBIST 149564.2955.560.560.220.33
KuwaitKSE 3119961.2947.372.001.680.32
TaiwanGTSM 109490.0044.440.330.110.22
SpainIBEX 1410571.4350.000.500.300.20
Hong KongHKEX 107470.0057.140.430.290.14
SingaporeSGX 129375.0033.330.330.220.11
ItalyBORSA 1610562.5050.000.500.500.00
NetherlandsAMSTERDAM 1610562.5050.000.500.500.00
UAEUAE 2111552.3845.450.360.360.00
SwitzerlandSIX 53260.0066.670.330.330.00
BelgiumBRUSSELS 1610562.5050.000.500.500.00
GermanyXETRA 1610562.5050.000.500.500.00
FrancePARIS 1610562.5050.000.500.500.00
USOTCBB 1000.000.000.000.000.00
NorwayOSE 1714582.3535.710.500.57-0.07
ChileBCS 109290.0022.220.110.33-0.22
MalaysiaBURSA 147250.0028.570.140.43-0.29
ChinaSSE 1310376.9230.000.100.40-0.30
JapanSAPPORO 43275.0066.670.671.33-0.67
PortugalLISBON 35221562.8668.182.773.50-0.73
ArgentinaBUE 127358.3342.860.431.71-1.29
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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