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 43312176.7463.649.211.427.79
CanadaTSX-V 1761246870.4554.847.123.693.44
EgyptEGX 25819812276.7461.624.631.283.34
USOTC PINK 125285444768.2952.285.222.093.13
Vietnam HNX 28201071.4350.004.351.303.05
South KoreaKOSDAQ 108876049570.1364.884.161.292.87
IndonesiaIDX 1641167070.7360.343.991.182.81
ArgentinaBUE 59392767.8067.503.550.802.75
PortugalLISBON 2412850.0066.673.420.832.58
ThailandSET 2181547670.6449.353.360.842.52
PakistanKSE 25318910574.7055.564.141.632.51
IndiaBSE 2200159188772.3255.753.601.322.28
IndiaNSE 1766129073373.0556.823.371.172.20
USAMEX 2391679269.8755.093.751.592.16
DenmarkCOPENHAGEN 98634064.2963.492.520.482.05
ChinaSZSE 2041123867360.6654.363.361.322.04
JapanFUKUOKA 42250.00100.002.000.002.00
BangladeshDSE 26219611374.8157.652.890.931.96
Hong KongHKEX 104970037467.0253.203.131.171.96
South KoreaKRX 123683347067.3956.422.750.801.95
Vietnam HOSE 1541115872.0852.253.341.411.93
MalaysiaBURSA 2061447169.9049.313.321.401.92
USNASDAQ 35652373121066.5650.993.161.261.89
SwedenSTOCKHOLM 47530416464.0053.953.071.291.78
NorwayOSE 138793757.2546.842.801.101.70
AustraliaASX 85957828867.4049.742.831.151.68
SwedenSTOCKHOLM 1711964.7181.821.820.181.64
IndonesiaIDX 148657.1475.001.630.001.63
UKLSE 158653.3375.001.750.131.63
Saudi ArabiaTADAWUL 2221548469.3754.552.731.111.62
BangladeshDSE 115445.4580.001.600.001.60
SingaporeSGX 123844868.2957.142.701.121.58
AustraliaASX 26211680.7776.191.620.051.57
Austria WIENERBORSE 46341973.9155.882.000.441.56
IsraelTASE 26218510670.6157.302.791.251.55
The World 45838309021626067.4452.602.631.091.54
TurkeyBIST 29921511471.9153.022.541.041.50
ChinaSSE 139789647664.1453.132.601.101.50
JapanTOKYO 42582852153766.9853.892.631.151.48
TaiwanGTSM 45632817771.9353.962.410.981.43
Poland GPW 1971417271.5751.062.511.111.40
CanadaTSX 140589845563.9150.672.381.021.36
RussiaMICEX 1912763.1658.331.750.421.33
TaiwanTWSE 84356329166.7951.692.140.931.21
MexicoBMV 129775.0077.781.330.221.11
FrancePARIS 87660332368.8453.571.990.871.11
USPREFERRED 2281456563.6044.831.510.431.08
BelgiumBRUSSELS 102692767.6539.132.091.031.06
ItalyBORSA 120084042570.0050.601.910.861.04
RussiaMICEX 1581105370.2547.752.191.151.04
GermanyXETRA 1615112358669.5452.181.770.761.02
ThailandSET 1510466.6740.001.100.101.00
Poland GPW 106560.0083.331.000.001.00
South KoreaKOSDAQ 106360.0050.001.000.001.00
DenmarkCOPENHAGEN 1810855.5680.001.100.101.00
MexicoBMV 1841225666.3045.902.051.110.93
PakistanKSE 138361.5437.501.380.500.88
UKLSE 1770121861968.8150.821.891.020.86
BrazilBOVESPA 87487.5057.141.000.140.86
USNYSE 63224100196464.8547.901.840.990.85
SpainIBEX 137984771.5347.961.820.980.84
BrazilBOVESPA 3051929562.9549.482.131.300.82
IndiaNSE 74457.14100.000.750.000.75
PhilippinesPSE 1811861.1172.730.910.180.73
USFOREX 17111064.7190.910.820.090.73
IsraelTASE 1611968.7581.820.910.180.73
PhilippinesPSE 83572868.6749.121.721.020.70
FOREXFOREX 2115871.4353.331.000.330.67
JapanTOKYO 1513886.6761.540.850.310.54
UAEUAE 28191067.8652.631.210.680.53
NetherlandsAMSTERDAM 33123511471.0048.511.200.690.51
CanadaTSX 1510766.6770.000.700.200.50
Vietnam HOSE 96266.6733.331.000.500.50
SingaporeSGX 76285.7133.330.500.000.50
Greece ATHENS 107570.0071.430.710.290.43
Austria WIENERBORSE 107570.0071.430.710.290.43
SwitzerlandSIX 43631213871.5644.231.230.830.40
PortugalLISBON 128566.6762.500.630.250.38
QatarQE 2212854.5566.671.581.250.33
TaiwanGTSM 87287.5028.570.430.140.29
SpainIBEX 129575.0055.560.560.330.22
TurkeyBIST 138461.5450.000.380.250.13
Greece ATHENS 52341765.3850.001.711.620.09
JordanASE 2218881.8244.441.721.670.06
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
UAEUAE 1911557.8945.450.360.360.00
NorwayOSE 1613581.2538.460.540.62-0.08
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
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 195226.3240.001.403.00-1.60
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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