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 41302175.6167.749.351.527.84
CanadaTSX-V 1741236870.6955.287.213.683.53
EgyptEGX 24819011776.6161.584.591.323.28
USOTC PINK 119881943068.6152.315.332.123.20
Vietnam HNX 26201076.9250.004.351.303.05
South KoreaKOSDAQ 105374048370.5665.014.231.322.91
PortugalLISBON 2311747.8363.643.640.912.73
IndonesiaIDX 1551106670.9760.003.831.222.61
IndiaBSE 2092152286172.7556.573.721.292.44
USAMEX 2271619070.9355.904.011.592.42
PakistanKSE 24918710475.1055.614.101.682.42
ThailandSET 2051477271.7148.983.160.842.32
IndiaNSE 1676122670473.1557.423.481.172.31
ChinaSZSE 1838111261560.5055.313.621.332.29
ArgentinaBUE 58362468.9760.003.080.852.23
Hong KongHKEX 98365536066.6354.963.221.122.10
MalaysiaBURSA 1981407270.7151.433.401.352.05
JapanFUKUOKA 42250.00100.002.000.002.00
DenmarkCOPENHAGEN 92603765.2261.672.420.501.92
South KoreaKRX 117779844767.8056.022.710.801.91
SwedenSTOCKHOLM 44628415263.6853.523.181.301.88
USNASDAQ 33872240114366.2250.963.121.241.88
Vietnam HOSE 1431025271.3350.983.331.471.86
AustraliaASX 79954027567.7150.832.891.161.73
ChinaSSE 124181044465.2754.812.791.071.72
Austria WIENERBORSE 42311873.8158.062.130.421.71
BangladeshDSE 25518910774.1256.612.580.921.66
Saudi ArabiaTADAWUL 2171518469.5955.632.761.121.64
SwedenSTOCKHOLM 1611968.7581.821.820.181.64
NorwayOSE 136793758.0946.842.711.081.63
UKLSE 158653.3375.001.750.131.63
Poland GPW 1871337171.1253.382.741.141.61
SingaporeSGX 121844869.4257.142.731.121.61
BangladeshDSE 115445.4580.001.600.001.60
IsraelTASE 24917410069.8857.472.801.261.54
TaiwanGTSM 42430716872.4154.722.520.981.54
TurkeyBIST 29120811171.4853.372.571.041.53
AustraliaASX 25201580.0075.001.550.051.50
JapanTOKYO 39862698145867.7953.962.641.161.49
CanadaTSX 133985843964.0851.172.451.021.43
RussiaMICEX 1912763.1658.331.750.421.33
TaiwanTWSE 79353127966.9652.542.240.941.31
MexicoBMV 129775.0077.781.330.111.22
RussiaMICEX 1531055169.2848.112.331.131.20
BrazilBOVESPA 76485.7166.671.170.001.17
FrancePARIS 84458431069.1953.081.990.891.10
BelgiumBRUSSELS 97672669.0738.812.121.031.09
ItalyBORSA 113979440369.7150.761.930.881.06
USPREFERRED 2191416364.3844.681.430.401.03
GermanyXETRA 1541106355768.9852.401.780.761.02
Poland GPW 96566.6783.331.000.001.00
ThailandSET 1510466.6740.001.100.101.00
South KoreaKOSDAQ 106360.0050.001.000.001.00
DenmarkCOPENHAGEN 1710858.8280.001.100.101.00
UKLSE 1699117060168.9251.321.941.010.93
MexicoBMV 1731165467.0546.552.041.110.93
USNYSE 60283928189065.1648.121.850.980.87
SpainIBEX 131934570.9948.391.871.010.86
Vietnam HOSE 95255.5640.001.200.400.80
IndiaNSE 74457.14100.000.750.000.75
IsraelTASE 1611968.7581.820.910.180.73
PhilippinesPSE 1710758.8270.000.900.200.70
USFOREX 169856.2588.890.780.110.67
BrazilBOVESPA 2891818862.6348.621.981.340.64
UAEUAE 26181069.2355.561.280.670.61
NetherlandsAMSTERDAM 31322110770.6148.421.240.650.58
JapanTOKYO 1513886.6761.540.850.310.54
PhilippinesPSE 76522668.4250.001.621.080.54
SingaporeSGX 76285.7133.330.500.000.50
CanadaTSX 1510766.6770.000.700.200.50
SwitzerlandSIX 42330313471.6344.221.230.800.43
Greece ATHENS 107570.0071.430.710.290.43
Austria WIENERBORSE 107570.0071.430.710.290.43
PortugalLISBON 128566.6762.500.630.250.38
TaiwanGTSM 87287.5028.570.430.140.29
PakistanKSE 127258.3328.570.860.570.29
FOREXFOREX 1913668.4246.150.620.380.23
SpainIBEX 129575.0055.560.560.330.22
TurkeyBIST 138461.5450.000.380.250.13
Greece ATHENS 49341769.3950.001.711.620.09
JordanASE 2218881.8244.441.721.670.06
NorwayOSE 1512580.0041.670.580.580.00
NetherlandsAMSTERDAM 139569.2355.560.560.560.00
USOTCBB 1000.000.000.000.000.00
BelgiumBRUSSELS 139569.2355.560.560.560.00
GermanyXETRA 139569.2355.560.560.560.00
SwitzerlandSIX 53260.0066.670.330.330.00
FrancePARIS 139569.2355.560.560.560.00
ItalyBORSA 139569.2355.560.560.560.00
IndonesiaIDX 14000.000.000.000.000.00
UAEUAE 1911557.8945.450.360.360.00
MalaysiaBURSA 126250.0033.330.170.33-0.17
Hong KongHKEX 85362.5060.000.000.20-0.20
ChileBCS 87287.5028.570.140.43-0.29
ChinaSSE 129275.0022.220.110.44-0.33
QatarQE 1811761.1163.640.911.36-0.45
JapanSAPPORO 43275.0066.670.671.33-0.67
OmanMSM 32066.670.000.001.00-1.00
ArgentinaBUE 117363.6442.860.431.71-1.29
JapanNAGOYA 185227.7840.001.403.00-1.60
KuwaitKSE 1910352.6330.000.703.00-2.30
USWARRANTS 443100.0075.002.004.50-2.50
ChileBCS 84150.0025.000.252.75-2.50
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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