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 1/1/2018
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
CanadaCSE 72462765.2857.459.113.026.09
Vietnam HNX 33211363.6461.905.760.765.00
CanadaTSX-V 2501669766.4058.437.462.724.75
South KoreaKOSDAQ 1765124079670.2564.195.461.284.18
UAEUAE 52362269.2361.114.220.693.53
JapanFUKUOKA 53360.00100.003.330.003.33
EgyptEGX 42432518976.6558.154.731.423.31
USOTC PINK 2051138972967.7252.485.452.253.21
NorwayOSE 2131326961.9752.274.361.233.13
South KoreaKRX 1827123172267.4358.603.820.813.01
IndonesiaIDX 169756.2577.783.000.003.00
IndonesiaIDX 26518110768.3059.124.151.222.93
ThailandSET 37024613166.4953.253.780.892.89
IndiaNSE 24931805103372.4057.234.021.252.77
IndiaBSE 29892140119671.6055.893.901.372.52
ChinaSZSE 35872338134865.1857.663.561.262.31
ArgentinaBUE 110644158.1864.063.311.112.20
USNASDAQ 58133831199665.9452.073.531.382.15
PakistanKSE 39629515674.4952.883.941.802.14
Hong KongHKEX 1576108357968.7253.463.221.112.11
SwedenSTOCKHOLM 81752927965.1252.443.621.522.10
BangladeshDSE 38829216675.2656.853.050.982.07
Vietnam HOSE 2411689469.7155.953.301.232.07
ChinaSSE 2433161990366.5455.783.071.052.01
MalaysiaBURSA 33323611670.8749.153.391.531.86
PhilippinesPSE 144994968.7549.492.981.121.86
CanadaTSX 2137138470164.7650.652.871.081.80
The World 77731522322765567.2252.932.891.121.77
SingaporeSGX 1611076466.4659.812.680.971.71
BrazilBOVESPA 53334918565.4853.012.981.281.70
JapanTOKYO 68834673252467.8954.012.861.181.68
AustraliaASX 133690345667.5950.503.181.571.61
TaiwanGTSM 72150127269.4954.292.600.981.61
Poland GPW 31422210970.7049.103.071.501.57
DenmarkCOPENHAGEN 150985565.3356.122.460.921.54
Saudi ArabiaTADAWUL 32621811666.8753.212.531.001.53
SpainIBEX 2111507771.0951.332.681.161.52
TaiwanTWSE 135890348066.4953.162.430.921.51
AustraliaASX 33272081.8274.071.520.041.48
USAMEX 83453626764.2749.812.651.171.48
BelgiumBRUSSELS 145974566.9046.392.360.981.38
RussiaMICEX 2471718568.8350.002.351.011.34
UKLSE 2881199499369.3249.722.311.051.26
SwedenSTOCKHOLM 23161269.5775.001.440.191.25
RussiaMICEX 25161064.0062.501.630.381.25
USNYSE 93026001301964.5850.262.251.011.24
MexicoBMV 33420810162.2848.562.371.241.13
QatarQE 37231662.1669.572.781.651.13
FrancePARIS 137995448969.1851.262.021.011.02
Vietnam HOSE 117363.6442.861.430.431.00
IsraelTASE 49034318670.0054.232.451.451.00
DenmarkCOPENHAGEN 27191370.3768.421.160.161.00
ItalyBORSA 2043144267070.5846.461.920.970.96
TurkeyBIST 49033216567.7649.702.391.440.95
MexicoBMV 27211677.7876.191.190.240.95
UKLSE 31191461.2973.681.160.210.95
BangladeshDSE 2110847.6280.000.900.000.90
Greece ATHENS 77432455.8455.812.071.260.81
GermanyXETRA 2850193194967.7949.121.660.850.81
SwitzerlandSIX 75471.4380.001.000.200.80
USPREFERRED 38524011462.3447.501.400.630.78
ThailandSET 25201080.0050.000.950.200.75
NetherlandsAMSTERDAM 52636617569.5847.811.510.760.75
SwitzerlandSIX 75651321167.8641.131.680.960.73
USFOREX 21141366.6792.860.790.070.71
IsraelTASE 22171377.2776.470.940.240.71
KuwaitKSE 38261268.4246.152.271.580.69
Poland GPW 1912863.1666.670.830.170.67
CanadaTSX 23161169.5768.750.750.130.63
IndiaNSE 148657.1475.000.880.250.63
BrazilBOVESPA 1510566.6750.000.900.300.60
Greece ATHENS 139669.2366.670.780.220.56
Austria WIENERBORSE 139669.2366.670.780.220.56
FOREXFOREX 28201271.4360.000.900.350.55
Hong KongHKEX 1411678.5754.550.730.180.55
PortugalLISBON 1510666.6760.000.700.200.50
PhilippinesPSE 29181362.0772.220.670.170.50
PakistanKSE 2010450.0040.000.900.400.50
JapanTOKYO 1815983.3360.000.800.330.47
SpainIBEX 1511673.3354.550.640.270.36
TurkeyBIST 159560.0055.560.560.220.33
South KoreaKOSDAQ 169456.2544.440.670.330.33
UAEUAE 2313656.5246.150.620.310.31
PortugalLISBON 33201360.6165.004.554.300.25
JapanNAGOYA 3112538.7141.672.001.750.25
JordanASE 28221078.5745.451.681.450.23
Austria WIENERBORSE 83542465.0644.441.561.370.19
ItalyBORSA 1711664.7154.550.640.450.18
NetherlandsAMSTERDAM 1811661.1154.550.640.450.18
FrancePARIS 1711664.7154.550.640.450.18
GermanyXETRA 1711664.7154.550.640.450.18
BelgiumBRUSSELS 1811661.1154.550.640.450.18
ChileBCS 2014970.0064.291.141.000.14
USOTCBB 1000.000.000.000.000.00
SingaporeSGX 1310376.9230.000.300.300.00
NorwayOSE 2016680.0037.500.500.500.00
ChinaSSE 1713576.4738.460.380.380.00
ChileBCS 1312392.3125.000.170.33-0.17
MalaysiaBURSA 167243.7528.570.140.43-0.29
TaiwanGTSM 1210483.3340.000.300.60-0.30
JapanSAPPORO 43275.0066.670.671.33-0.67
ArgentinaBUE 138461.5450.000.381.50-1.13
USWARRANTS 86275.0033.334.837.00-2.17
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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