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 1/1/2019
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
IndonesiaIDX 1810755.5670.002.700.302.40
RussiaMICEX 28191267.8663.161.740.371.37
AustraliaASX 38312281.5870.971.350.061.29
FOREXFOREX 37241564.8662.501.420.251.17
BrazilBOVESPA 1611668.7554.551.360.271.09
SwedenSTOCKHOLM 33251775.7668.001.200.161.04
DenmarkCOPENHAGEN 28191467.8673.681.160.161.00
Poland GPW 25171368.0076.471.120.121.00
ThailandSET 28231382.1456.521.170.171.00
Vietnam HOSE 1612775.0058.331.170.250.92
MexicoBMV 30231776.6773.911.130.220.91
BangladeshDSE 2210845.4580.000.900.000.90
USFOREX 27181566.6783.330.940.060.89
UKLSE 34221564.7168.181.090.230.86
IndiaNSE 169756.2577.780.890.220.67
IsraelTASE 28231582.1465.220.780.170.61
Hong KongHKEX 1914973.6864.290.710.140.57
CanadaTSX 26181169.2361.110.720.170.56
SwitzerlandSIX 106460.0066.670.830.330.50
PhilippinesPSE 30191463.3373.680.630.160.47
JapanFUKUOKA 51140.0050.000.410.000.41
PakistanKSE 2212554.5541.670.750.420.33
TurkeyBIST 169556.2555.560.560.220.33
Greece ATHENS 1611668.7554.550.640.360.27
Austria WIENERBORSE 1611668.7554.550.640.360.27
PortugalLISBON 1812666.6750.000.580.330.25
JapanTOKYO 2319982.6147.370.630.420.21
UAEUAE 2918862.0744.440.560.390.17
SpainIBEX 1813672.2246.150.540.380.15
South KoreaKOSDAQ 1911557.8945.450.550.450.09
PhilippinesPSE 1601163.130.990.070.000.07
ChinaSSE 2116676.1937.500.380.310.06
ThailandSET 4261165.020.360.050.000.05
The World 89247138381467.861.340.050.020.03
NetherlandsAMSTERDAM 6901170.000.210.010.000.01
FrancePARIS 16082270.150.180.010.000.01
DenmarkCOPENHAGEN 1851168.110.790.010.000.01
IndiaNSE 25891172.420.050.000.000.00
JapanTOKYO 75673368.550.060.000.000.00
RussiaMICEX 2421169.420.600.000.000.00
TaiwanTWSE 15561166.770.100.000.000.00
AustraliaASX 15174267.170.200.000.000.00
SingaporeSGX 1470065.990.000.000.000.00
SingaporeSGX 1611468.7536.360.270.270.00
SwedenSTOCKHOLM 9433167.340.160.010.010.00
Poland GPW 3470070.890.000.000.000.00
PakistanKSE 4290073.430.000.000.000.00
NorwayOSE 2710067.530.000.000.000.00
USWARRANTS 350068.570.000.000.000.00
USPREFERRED 3680064.400.000.000.000.00
USOTC PINK 21940068.090.000.000.000.00
USOTCBB 1000.000.000.000.000.00
Vietnam HOSE 3160067.410.000.000.000.00
Vietnam HNX 800068.750.000.000.000.00
USAMEX 11400065.880.000.000.000.00
UKLSE 35500069.320.000.000.000.00
TurkeyBIST 5710068.650.000.000.000.00
MalaysiaBURSA 3800070.790.000.000.000.00
MexicoBMV 4240065.800.000.000.000.00
UAEUAE 430079.070.000.000.000.00
Saudi ArabiaTADAWUL 3250071.080.000.000.000.00
QatarQE 380063.160.000.000.000.00
NetherlandsAMSTERDAM 2113661.9046.150.540.540.00
JapanNAGOYA 370051.350.000.000.000.00
EgyptEGX 4350078.160.000.000.000.00
JordanASE 150073.330.000.000.000.00
South KoreaKOSDAQ 19700068.380.000.000.000.00
South KoreaKRX 21910068.320.000.000.000.00
IndonesiaIDX 3020067.550.000.000.000.00
IsraelTASE 7250072.000.000.000.000.00
ItalyBORSA 26050069.940.000.000.000.00
ItalyBORSA 2013665.0046.150.540.540.00
BangladeshDSE 3970076.570.000.000.000.00
CanadaCSE 1000071.000.000.000.000.00
CanadaTSX-V 3120068.910.000.000.000.00
SwitzerlandSIX 9890069.160.000.000.000.00
BrazilBOVESPA 8180067.970.000.000.000.00
BelgiumBRUSSELS 2113661.9046.150.540.540.00
BelgiumBRUSSELS 1650067.880.000.000.000.00
ArgentinaBUE 2400063.750.000.000.000.00
Austria WIENERBORSE 1700066.470.000.000.000.00
FrancePARIS 2013665.0046.150.540.540.00
SpainIBEX 2130070.890.000.000.000.00
Greece ATHENS 880059.090.000.000.000.00
ChileBCS 370075.680.000.000.000.00
GermanyXETRA 40620068.340.000.000.000.00
GermanyXETRA 2013665.0046.150.540.540.00
ChinaSZSE 43690067.220.000.000.000.00
IndiaBSE 29761071.940.000.000.000.00
USNYSE 102802064.580.000.000.000.00
ChinaSSE 30712066.880.000.000.000.00
CanadaTSX 23291067.330.000.000.000.00
Hong KongHKEX 15431069.480.000.000.000.00
TaiwanGTSM 8071070.510.000.000.000.00
USNASDAQ 67122067.800.000.000.000.00
KuwaitKSE 551063.640.000.000.01-0.01
PortugalLISBON 271081.480.000.000.04-0.04
ChileBCS 1714582.3535.710.210.29-0.07
TaiwanGTSM 1512680.0050.000.420.50-0.08
NorwayOSE 2520680.0030.000.400.55-0.15
MalaysiaBURSA 209345.0033.330.220.67-0.44
JapanSAPPORO 43275.0066.670.671.33-0.67
ArgentinaBUE 148457.1450.000.381.50-1.13
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.

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