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 1/1/2015
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
CanadaCSE 34261776.4765.3811.191.659.54
EgyptEGX 33425516276.3563.534.641.153.49
USOTC PINK 1592110357869.5452.215.111.933.19
South KoreaKOSDAQ 1460106067572.8863.444.411.293.13
ArgentinaBUE 74442759.4661.364.020.913.11
Saudi ArabiaTADAWUL 31922514170.5362.673.770.812.96
JapanNAGOYA 288528.5762.503.250.382.88
CanadaTSX-V 1831347473.2255.226.373.492.87
ChinaSZSE 2786178592864.0751.994.571.712.86
IndonesiaIDX 2201579771.3661.783.871.032.84
ChileBCS 106260.0033.336.333.502.83
ChinaSSE 1885121665364.5153.704.031.412.62
Hong KongHKEX 1452100254369.0154.194.031.412.62
PhilippinesPSE 106643460.3853.133.340.812.53
PortugalLISBON 31171254.8470.592.880.352.53
IndiaBSE 28312041116772.0957.183.911.402.51
IndiaNSE 2333169299072.5758.483.611.192.43
ThailandSET 31321311168.0552.113.240.892.35
USAMEX 31221411668.5954.213.851.532.32
PakistanKSE 33724213671.8156.203.861.562.30
TaiwanGTSM 62044626571.9459.423.100.862.24
MalaysiaBURSA 32022012268.7555.453.461.252.21
IsraelTASE 33924214471.3959.503.261.082.18
TurkeyBIST 37825113466.4053.393.100.962.14
USNASDAQ 46533067162065.9852.773.241.122.12
DenmarkCOPENHAGEN 140956067.8663.162.740.652.08
Poland GPW 29520811370.8554.073.061.012.05
NorwayOSE 2091357264.5953.333.021.071.96
South KoreaKRX 1561105859567.7856.242.870.951.92
AustraliaASX 100268936368.8652.612.911.011.90
BangladeshDSE 34526416076.5260.612.981.101.88
IndonesiaIDX 137553.8571.431.860.001.86
SwedenSTOCKHOLM 62440823165.3856.623.011.211.81
The World 60325412182222768.3653.902.881.081.80
Vietnam HOSE 1911336869.6351.133.281.491.79
TaiwanTWSE 110672740865.7356.122.650.951.70
Vietnam HNX 49381877.5547.373.131.451.68
CanadaTSX 1804118164665.4754.702.540.881.67
JapanTOKYO 58734016224368.4355.812.691.051.65
SwedenSTOCKHOLM 1611968.7581.821.820.181.64
QatarQE 28161057.1462.502.190.561.63
SingaporeSGX 1691126466.2757.142.711.121.60
AustraliaASX 23191582.6178.951.630.051.58
JordanASE 29261389.6650.002.851.271.58
Austria WIENERBORSE 49371975.5151.352.050.491.57
UKLSE 147550.0071.431.570.141.43
BangladeshDSE 115345.4560.001.400.001.40
FrancePARIS 113281145571.6456.102.200.811.39
MexicoBMV 118772.7387.501.500.131.38
RussiaMICEX 1812766.6758.331.750.421.33
BrazilBOVESPA 39025213064.6251.592.621.291.33
ItalyBORSA 1558110858871.1253.072.120.921.20
BrazilBOVESPA 76485.7166.671.170.001.17
RussiaMICEX 2041437371.0850.342.231.081.16
UKLSE 2232155880869.8051.862.140.991.15
MexicoBMV 2381597866.8149.062.030.901.13
ThailandSET 1510466.6740.001.100.001.10
USNYSE 82335493273466.7349.762.030.931.10
SpainIBEX 1891477677.7851.702.371.321.05
GermanyXETRA 2155151778970.3952.011.830.831.00
Poland GPW 96566.6783.331.000.001.00
South KoreaKOSDAQ 106360.0050.001.000.001.00
IndiaNSE 63350.00100.001.000.001.00
DenmarkCOPENHAGEN 1710858.8280.001.100.101.00
NetherlandsAMSTERDAM 43231516672.9252.701.560.610.95
BelgiumBRUSSELS 1421034472.5442.721.961.020.94
Vietnam HOSE 85262.5040.001.200.400.80
CanadaTSX 138661.5475.000.880.130.75
USFOREX 148757.1487.500.880.130.75
IsraelTASE 1611968.7581.820.910.180.73
PhilippinesPSE 1710758.8270.000.900.200.70
Greece ATHENS 72462263.8947.832.411.720.70
SwitzerlandSIX 60043620672.6747.251.410.720.69
USPREFERRED 2981837961.4143.171.070.390.68
JapanTOKYO 1513886.6761.540.850.310.54
SingaporeSGX 76285.7133.330.500.000.50
JapanFUKUOKA 54380.0075.000.500.000.50
Austria WIENERBORSE 107570.0071.430.710.290.43
Greece ATHENS 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
MalaysiaBURSA 115245.4540.000.200.200.00
UAEUAE 1811561.1145.450.360.360.00
FrancePARIS 129575.0055.560.560.560.00
ItalyBORSA 129575.0055.560.560.560.00
BelgiumBRUSSELS 129575.0055.560.560.560.00
GermanyXETRA 129575.0055.560.560.560.00
SwitzerlandSIX 53260.0066.670.330.330.00
NorwayOSE 1411578.5745.450.640.640.00
NetherlandsAMSTERDAM 129575.0055.560.560.560.00
USOTCBB 1000.000.000.000.000.00
UAEUAE 49341469.3941.181.151.29-0.15
Hong KongHKEX 85362.5060.000.000.20-0.20
ChileBCS 87287.5028.570.140.43-0.29
ChinaSSE 118172.7312.500.130.50-0.38
JapanSAPPORO 43275.0066.670.671.33-0.67
ArgentinaBUE 106360.0050.000.501.50-1.00
USWARRANTS 106460.0066.671.833.33-1.50
KuwaitKSE 2213459.0930.770.542.46-1.92
OmanMSM 43075.000.000.005.33-5.33
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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