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 1/1/2016
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
CanadaCSE 50372578.0064.1011.512.089.44
CanadaTSX-V 2251649772.8959.158.152.645.51
OmanMSM 106460.0066.674.670.334.33
EgyptEGX 52239425275.4863.964.761.283.48
PhilippinesPSE 1661136968.0761.064.020.653.37
PortugalLISBON 42241857.1475.003.500.293.21
USOTC PINK 2421165289168.9453.394.861.803.06
Saudi ArabiaTADAWUL 45533420873.4162.283.580.672.91
QatarQE 52332263.4666.673.450.612.85
JapanNAGOYA 3513837.1461.543.380.542.85
South KoreaKOSDAQ 2070147089971.0661.114.111.292.82
Hong KongHKEX 2031140976969.3754.583.861.202.66
PakistanKSE 47134720273.6758.214.101.452.65
ArgentinaBUE 98633864.2960.323.591.002.59
IndiaNSE 32592365136972.6057.863.761.252.52
ThailandSET 49133518268.2354.333.310.862.45
IndonesiaIDX 31922914271.7962.013.581.212.38
IndiaBSE 39892891161272.4755.763.821.512.31
ChinaSZSE 44612860154564.1154.023.721.432.29
Poland GPW 41329516071.4354.243.180.912.27
ChinaSSE 29731935106965.0955.253.401.172.23
NorwayOSE 28719210566.9054.693.160.932.23
BangladeshDSE 51838922775.1058.353.281.122.16
BrazilBOVESPA 58838121464.8056.173.060.942.11
SingaporeSGX 2241458464.7357.932.900.901.99
USNASDAQ 68714537232366.0751.173.111.201.91
Vietnam HOSE 27319111169.9658.123.151.251.91
SwedenSTOCKHOLM 86757231665.9755.242.991.111.88
TaiwanGTSM 95267138270.4856.932.820.941.88
TurkeyBIST 58939720367.4051.132.720.941.78
South KoreaKRX 2198149585368.0257.062.720.961.77
The World 87815594933205467.7853.852.791.041.75
CanadaTSX 2525163186664.5953.102.500.841.66
JapanTOKYO 86855868326767.5655.672.731.091.64
UKLSE 2111952.3881.821.730.091.64
IndonesiaIDX 148657.1475.001.630.001.63
AustraliaASX 137194049568.7152.552.711.111.60
DenmarkCOPENHAGEN 2021418369.8058.872.350.771.59
TaiwanTWSE 1727117264267.8654.782.490.911.59
MalaysiaBURSA 48332416667.0851.232.781.241.55
SpainIBEX 28420810873.2451.922.691.151.54
Austria WIENERBORSE 90703477.7848.572.210.691.53
IsraelTASE 46933719071.8656.382.621.131.49
FrancePARIS 1650115964270.2455.392.220.741.48
AustraliaASX 29241882.7675.001.500.041.46
RussiaMICEX 2114966.6764.291.790.361.43
USAMEX 84755427065.4148.742.461.041.42
SwedenSTOCKHOLM 19131068.4276.921.620.231.38
BangladeshDSE 167643.7585.711.290.001.29
USNYSE 119037768393065.2650.592.100.861.24
MexicoBMV 35724012067.2350.001.940.791.15
JordanASE 43351781.4048.572.291.141.14
Vietnam HNX 66502575.7650.002.661.541.12
NetherlandsAMSTERDAM 59841422169.2353.381.690.611.07
ItalyBORSA 2217154376869.6049.771.940.921.02
Poland GPW 127658.3385.711.000.001.00
South KoreaKOSDAQ 116354.5550.001.000.001.00
IsraelTASE 17121070.5983.331.170.171.00
UKLSE 32292245114069.5650.761.880.890.98
GermanyXETRA 30582099108268.6451.551.740.750.98
RussiaMICEX 2851989669.4748.482.061.110.95
MexicoBMV 21161176.1968.751.190.310.88
Greece ATHENS 111793871.1748.102.651.780.86
DenmarkCOPENHAGEN 1912963.1675.001.000.170.83
ChileBCS 1411478.5736.363.823.000.82
ThailandSET 1813572.2238.460.850.080.77
IndiaNSE 96566.6783.330.830.170.67
BrazilBOVESPA 129575.0055.561.000.330.67
SwitzerlandSIX 89262630270.1848.241.370.710.65
PakistanKSE 168350.0037.501.130.500.63
USFOREX 19131268.4292.310.690.080.62
PhilippinesPSE 2113961.9069.230.770.150.62
USPREFERRED 39723910560.2043.931.000.380.61
JapanTOKYO 1714982.3564.290.860.290.57
Vietnam HOSE 96266.6733.331.000.500.50
JapanFUKUOKA 54280.0050.000.500.000.50
BelgiumBRUSSELS 1791245169.2741.131.561.060.49
FOREXFOREX 26191173.0857.890.840.370.47
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
UAEUAE 69492171.0142.861.611.310.31
TaiwanGTSM 87287.5028.570.430.140.29
CanadaTSX 2114866.6757.140.500.210.29
SpainIBEX 1410571.4350.000.500.300.20
Hong KongHKEX 107470.0057.140.430.290.14
SingaporeSGX 129375.0033.330.330.220.11
FrancePARIS 1510566.6750.000.500.500.00
ItalyBORSA 1510566.6750.000.500.500.00
UAEUAE 2111552.3845.450.360.360.00
NetherlandsAMSTERDAM 1510566.6750.000.500.500.00
BelgiumBRUSSELS 1510566.6750.000.500.500.00
GermanyXETRA 1510566.6750.000.500.500.00
SwitzerlandSIX 53260.0066.670.330.330.00
USOTCBB 1000.000.000.000.000.00
USWARRANTS 1000.000.000.000.000.00
NorwayOSE 1714582.3535.710.500.57-0.07
ChileBCS 87287.5028.570.140.43-0.29
MalaysiaBURSA 147250.0028.570.140.43-0.29
ChinaSSE 1310376.9230.000.100.40-0.30
KuwaitKSE 3217753.1341.181.412.06-0.65
JapanSAPPORO 43275.0066.670.671.33-0.67
ArgentinaBUE 117363.6442.860.431.71-1.29
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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