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 1/1/2014
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
CanadaCSE 106460.0066.6710.332.178.17
ChileBCS 95355.5660.007.800.607.20
South KoreaKOSDAQ 109278955072.6269.365.010.984.03
ChinaSZSE 2010131380665.3261.395.281.313.97
Saudi ArabiaTADAWUL 25718112970.4371.274.490.553.94
EgyptEGX 24017111671.2567.844.751.113.65
PhilippinesPSE 84503359.5266.004.160.523.64
ChinaSSE 136388253464.7160.544.761.133.62
CanadaTSX-V 117774465.8157.146.613.003.61
ThailandSET 105450.0080.003.600.003.60
USOTC PINK 110278142971.1454.725.021.593.43
IndonesiaIDX 1611167572.0564.664.190.823.37
PortugalLISBON 24121050.0083.333.670.423.25
ArgentinaBUE 43211148.8452.384.381.143.24
Hong KongHKEX 113877545268.1058.324.461.283.17
JapanNAGOYA 187438.8957.143.570.433.14
IndiaBSE 2196155897670.9562.644.131.162.96
TaiwanGTSM 45832721471.4065.443.640.722.93
Poland GPW 26618512269.5565.953.620.742.88
IndiaNSE 1813129286571.2666.953.810.992.82
PakistanKSE 24617810872.3660.674.011.242.77
BangladeshDSE 26620112875.5663.683.490.962.53
BrazilBOVESPA 28017610262.8657.953.371.052.32
USAMEX 41527314665.7853.483.301.002.30
South KoreaKRX 114176646867.1361.103.150.872.28
BrazilBOVESPA 444100.00100.002.250.002.25
IsraelTASE 24016410768.3365.242.930.682.25
TaiwanTWSE 79452230665.7458.622.970.802.17
ThailandSET 2511718768.1350.883.030.892.13
NorwayOSE 1811116862.4360.183.381.262.12
QatarQE 19121063.1683.332.580.502.08
TurkeyBIST 28319211267.8458.332.920.842.08
The World 48820332271931468.1058.102.960.892.07
AustraliaASX 74150228767.8857.062.840.822.02
DenmarkCOPENHAGEN 114755365.7970.672.630.612.01
AustraliaASX 17131176.4784.622.000.002.00
CanadaTSX 137190152165.7257.822.730.741.99
JapanTOKYO 43762975174467.9858.622.830.911.93
Austria WIENERBORSE 33251875.7672.002.200.281.92
USNASDAQ 55673700207166.5555.902.770.861.92
IndonesiaIDX 158653.3375.002.000.131.88
USWARRANTS 148557.1462.502.881.001.88
MexicoBMV 1861226965.5956.562.510.701.81
RussiaMICEX 169556.2555.562.000.221.78
BangladeshDSE 64366.6775.001.750.001.75
Vietnam HNX 47362176.6058.333.111.361.75
MalaysiaBURSA 2531719167.5953.222.891.141.75
SpainIBEX 1461136677.4058.412.971.271.70
TaiwanGTSM 663100.0050.001.670.001.67
JordanASE 26231188.4647.832.871.221.65
RussiaMICEX 1551116471.6157.662.320.701.61
UKLSE 115445.4580.001.600.001.60
MexicoBMV 75471.4380.001.800.201.60
SwedenSTOCKHOLM 42428116466.2758.362.641.061.58
SingaporeSGX 129854565.8952.942.671.131.54
South KoreaKOSDAQ 86475.0066.671.500.001.50
ItalyBORSA 114882346671.6956.622.290.811.48
FrancePARIS 80356734070.6159.962.190.721.47
UKLSE 1656115362969.6354.552.330.901.43
DenmarkCOPENHAGEN 118772.7387.501.380.001.38
NetherlandsAMSTERDAM 31222712772.7655.951.850.491.36
USNYSE 62124166223167.0653.552.110.801.31
Vietnam HOSE 144995668.7556.572.481.191.29
GermanyXETRA 1498104758070.0355.291.780.771.01
SwedenSTOCKHOLM 1210783.3370.001.400.401.00
SingaporeSGX 76385.7150.001.000.001.00
CanadaTSX 96566.6783.331.170.171.00
IsraelTASE 96566.6783.331.170.171.00
Greece ATHENS 48281458.3350.002.501.540.96
PakistanKSE 108480.0050.001.130.250.88
USFOREX 75471.4380.001.000.200.80
SwitzerlandSIX 41430214772.9548.681.350.580.76
JapanFUKUOKA 443100.0075.000.750.000.75
BelgiumBRUSSELS 105743870.4851.351.510.810.70
Vietnam HOSE 86275.0033.331.000.330.67
MalaysiaBURSA 125341.6760.000.800.200.60
PortugalLISBON 97577.7871.430.710.140.57
NetherlandsAMSTERDAM 97577.7871.430.710.140.57
GermanyXETRA 97577.7871.430.710.140.57
Greece ATHENS 87587.5071.430.710.140.57
Austria WIENERBORSE 87587.5071.430.710.140.57
BelgiumBRUSSELS 97577.7871.430.710.140.57
FrancePARIS 97577.7871.430.710.140.57
ItalyBORSA 97577.7871.430.710.140.57
PhilippinesPSE 169656.2566.670.780.220.56
FOREXFOREX 1610562.5050.000.800.300.50
SwitzerlandSIX 64366.6775.001.000.500.50
Poland GPW 107470.0057.140.430.000.43
JapanTOKYO 1210583.3350.000.800.400.40
USPREFERRED 2681556957.8444.520.850.460.39
SpainIBEX 98588.8962.500.630.250.38
IndiaNSE 108580.0062.500.500.130.38
ArgentinaBUE 147550.0071.430.570.430.14
UAEUAE 40261265.0046.151.421.310.12
USOTCBB 1000.000.000.000.000.00
Hong KongHKEX 332100.0066.670.000.000.00
UAEUAE 1612475.0033.330.500.58-0.08
ChinaSSE 129375.0033.330.330.44-0.11
TurkeyBIST 117363.6442.860.140.29-0.14
ChileBCS 98388.8937.500.130.38-0.25
NorwayOSE 1310476.9240.000.300.60-0.30
JapanSAPPORO 43275.0066.670.671.33-0.67
KuwaitKSE 147150.0014.290.432.57-2.14
OmanMSM 32066.670.000.007.00-7.00
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.

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.