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 1/1/2017
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
CanadaCSE 58422772.4164.2910.362.577.79
CanadaTSX-V 2381639168.4955.837.242.934.31
South KoreaKOSDAQ 2086148593671.1963.035.461.314.14
EgyptEGX 48036221775.4259.944.681.273.41
PhilippinesPSE 1661055763.2554.293.870.773.10
USOTC PINK 2363160283468.5651.485.062.023.05
IndonesiaIDX 159760.0077.783.000.003.00
ThailandSET 46030016665.2255.333.830.882.94
IndiaNSE 30872249131472.9558.354.111.222.89
South KoreaKRX 2142144383867.4158.033.770.952.83
IndonesiaIDX 31121713269.7760.833.841.042.80
IndiaBSE 36512641149372.5056.404.091.422.67
QatarQE 44261759.0965.383.380.772.62
ArgentinaBUE 115623853.9161.293.681.082.60
ChinaSZSE 43822900158466.1854.624.091.532.56
NorwayOSE 2651739465.2854.343.551.032.52
Hong KongHKEX 1981137573469.4153.383.801.302.50
PakistanKSE 46834419073.5055.234.071.612.46
Saudi ArabiaTADAWUL 43029217167.9158.563.300.862.43
JapanNAGOYA 3310730.3070.002.700.302.40
ChinaSSE 30161983108565.7554.723.661.282.38
ChileBCS 1712770.5958.334.251.922.33
SwedenSTOCKHOLM 97263034364.8154.443.571.312.26
USNASDAQ 66634342228765.2152.643.511.252.25
BangladeshDSE 48937021475.6657.843.281.112.17
UAEUAE 68472369.1248.943.231.132.11
TaiwanGTSM 88762235270.1256.593.010.922.09
JapanFUKUOKA 54380.0075.002.000.002.00
CanadaTSX 2528165388465.3953.482.870.961.91
The World 89644604723231967.5353.393.011.121.89
SingaporeSGX 1971267663.9660.322.780.931.85
JapanTOKYO 85405812322968.0655.562.971.141.83
DenmarkCOPENHAGEN 1861267567.7459.522.600.791.82
Vietnam HOSE 28119510969.4055.903.011.191.82
BrazilBOVESPA 61440821266.4551.962.951.241.71
USAMEX 91058629264.4049.832.751.051.69
Vietnam HNX 48351772.9248.573.001.311.69
SpainIBEX 27220710976.1052.662.941.271.68
TaiwanTWSE 1662108259765.1055.182.670.991.67
AustraliaASX 146499350667.9050.913.061.411.65
TurkeyBIST 54236218266.7950.282.791.171.62
IsraelTASE 53337521470.3657.072.821.271.55
Poland GPW 40928314369.1950.532.901.381.52
MalaysiaBURSA 43630515469.9550.492.991.501.49
AustraliaASX 33272081.8274.071.520.041.48
JordanASE 33281484.8550.002.681.211.46
USNYSE 112417350369365.4250.222.300.991.31
MexicoBMV 36922911462.0649.782.351.071.29
RussiaMICEX 24161066.6762.501.630.381.25
SwedenSTOCKHOLM 23161269.5775.001.440.191.25
FrancePARIS 1639114760969.9853.102.220.971.24
UKLSE 32782252113368.9750.112.231.031.21
BelgiumBRUSSELS 1851305970.2745.382.130.981.15
RussiaMICEX 2691869169.1448.922.151.011.14
DenmarkCOPENHAGEN 26181369.2372.221.220.171.06
NetherlandsAMSTERDAM 64545523470.5451.431.750.731.02
Greece ATHENS 101603059.4150.002.821.850.97
ItalyBORSA 2338163179070.3248.051.950.980.96
MexicoBMV 27211677.7876.191.190.240.95
UKLSE 29181362.0772.221.170.220.94
GermanyXETRA 32362199108568.0549.271.790.880.90
BangladeshDSE 2110847.6280.000.900.000.90
KuwaitKSE 43291667.4455.172.211.310.90
USWARRANTS 86375.0050.003.172.330.83
SwitzerlandSIX 75471.4380.001.000.200.80
IsraelTASE 20151275.0080.001.000.200.80
Hong KongHKEX 1310576.9250.001.000.200.80
SwitzerlandSIX 89161626469.1442.861.670.870.80
USFOREX 21141366.6792.860.790.070.71
Poland GPW 1912863.1666.670.830.170.67
ThailandSET 2217777.2741.180.880.240.65
IndiaNSE 148657.1475.000.880.250.63
USPREFERRED 44026011659.0944.621.230.610.62
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
Vietnam HOSE 96266.6733.331.000.500.50
PortugalLISBON 1510666.6760.000.700.200.50
PhilippinesPSE 27181366.6772.220.670.170.50
PakistanKSE 2010450.0040.000.900.400.50
JapanTOKYO 1815983.3360.000.800.330.47
CanadaTSX 2114966.6764.290.570.140.43
SpainIBEX 1511673.3354.550.640.270.36
TurkeyBIST 159560.0055.560.560.220.33
South KoreaKOSDAQ 169456.2544.440.670.330.33
TaiwanGTSM 119481.8244.440.330.110.22
NetherlandsAMSTERDAM 1811661.1154.550.640.450.18
ItalyBORSA 1711664.7154.550.640.450.18
BelgiumBRUSSELS 1811661.1154.550.640.450.18
FrancePARIS 1711664.7154.550.640.450.18
GermanyXETRA 1711664.7154.550.640.450.18
Austria WIENERBORSE 64452070.3144.441.691.560.13
SingaporeSGX 1310376.9230.000.300.300.00
USOTCBB 1000.000.000.000.000.00
UAEUAE 2212554.5541.670.330.330.00
NorwayOSE 1814577.7835.710.500.57-0.07
ChileBCS 1312392.3125.000.170.33-0.17
MalaysiaBURSA 167243.7528.570.140.43-0.29
ChinaSSE 1511373.3327.270.090.45-0.36
PortugalLISBON 39241661.5466.672.833.29-0.46
JapanSAPPORO 43275.0066.670.671.33-0.67
ArgentinaBUE 138461.5450.000.381.50-1.13
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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