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 48362375.0063.8910.692.538.17
USWARRANTS 333100.00100.006.330.006.33
CanadaTSX-V 2151518570.2356.297.603.174.42
South KoreaKOSDAQ 1945139187971.6763.065.641.314.33
EgyptEGX 43733420576.4361.384.951.203.75
PhilippinesPSE 153985564.0556.124.120.683.44
ArgentinaBUE 97553656.7065.454.040.853.18
USOTC PINK 2081143074069.6351.075.061.943.12
IndiaNSE 28702095123573.0058.954.281.203.09
JapanNAGOYA 318625.8175.003.380.383.00
IndonesiaIDX 159760.0077.783.000.003.00
ThailandSET 43128015464.9755.003.810.872.94
South KoreaKRX 2167145683067.1957.013.760.962.80
IndonesiaIDX 29120212469.4261.393.831.032.80
IndiaBSE 34532517143072.8956.814.211.432.78
PakistanKSE 43731718172.5457.104.191.512.68
ChinaSZSE 40282643142565.6253.924.171.552.62
Hong KongHKEX 1865128368368.9553.113.881.332.55
Saudi ArabiaTADAWUL 40528016769.1459.643.380.852.53
JapanFUKUOKA 54380.0075.002.500.002.50
NorwayOSE 2491628765.0653.703.531.042.49
ChinaSSE 2737178897665.3354.593.771.302.47
ChileBCS 1411678.5754.554.552.092.45
Austria WIENERBORSE 95743677.8948.653.230.802.43
SwedenSTOCKHOLM 87456831864.9955.993.591.262.33
USNASDAQ 62814133216065.8052.263.581.252.33
BangladeshDSE 47135520775.3758.313.261.102.16
UAEUAE 65452269.2348.893.311.162.16
TaiwanGTSM 82858233070.2956.703.060.922.15
The World 80170543702908467.8553.473.121.122.00
CanadaTSX 2363154483465.3454.022.910.921.98
JapanTOKYO 79575403302767.9056.023.051.121.92
DenmarkCOPENHAGEN 1791237568.7260.982.640.771.87
QatarQE 41231556.1065.222.650.781.87
IsraelTASE 46733018670.6656.363.121.271.85
AustraliaASX 133089846667.5251.893.111.341.77
BrazilBOVESPA 55436818866.4351.092.981.251.73
Vietnam HOSE 2571809570.0452.783.061.331.73
USAMEX 82754226865.5449.452.771.061.70
SpainIBEX 25519410276.0852.582.921.231.70
TaiwanTWSE 152899554165.1254.372.711.031.69
SingaporeSGX 1961247263.2758.062.590.931.66
TurkeyBIST 51634516866.8648.702.771.181.59
JordanASE 31271487.1051.852.811.221.59
Vietnam HNX 52391975.0048.722.951.411.54
AustraliaASX 31261983.8773.081.580.041.54
MalaysiaBURSA 39627914170.4550.542.961.461.50
RussiaMICEX 22151068.1866.671.730.331.40
SwedenSTOCKHOLM 21131061.9076.921.620.231.38
UKLSE 30012086104869.5150.242.340.961.38
USNYSE 105456959345865.9949.692.330.981.36
Poland GPW 37625913068.8850.192.601.331.27
FrancePARIS 1546108158269.9253.842.210.991.22
MexicoBMV 33721210562.9149.532.221.061.16
UKLSE 25141056.0071.431.430.291.14
NetherlandsAMSTERDAM 59541321869.4152.781.820.681.14
RussiaMICEX 2541728467.7248.842.191.101.08
ItalyBORSA 2138150173170.2148.702.050.991.06
GermanyXETRA 29091996100968.6150.551.860.851.01
BangladeshDSE 199847.3788.891.000.001.00
MexicoBMV 22161172.7368.751.190.310.88
BelgiumBRUSSELS 1741245471.2643.551.891.020.87
IsraelTASE 20151275.0080.001.000.200.80
SwitzerlandSIX 84760325771.1942.621.610.860.75
Poland GPW 1611868.7572.730.910.180.73
South KoreaKOSDAQ 127358.3342.860.860.140.71
DenmarkCOPENHAGEN 22141063.6471.430.860.140.71
BrazilBOVESPA 139569.2355.561.000.330.67
Greece ATHENS 94582761.7046.552.641.980.66
IndiaNSE 128666.6775.000.880.250.63
USFOREX 20131265.0092.310.690.080.62
PhilippinesPSE 23151165.2273.330.730.130.60
ThailandSET 1914573.6835.710.790.210.57
PakistanKSE 199347.3733.331.000.440.56
USPREFERRED 38123410561.4244.871.150.600.54
Vietnam HOSE 96266.6733.331.000.500.50
FOREXFOREX 26191173.0857.890.840.370.47
JapanTOKYO 1815983.3360.000.800.330.47
CanadaTSX 2114966.6764.290.570.140.43
Greece ATHENS 128566.6762.500.630.250.38
Austria WIENERBORSE 128566.6762.500.630.250.38
PortugalLISBON 149564.2955.560.560.220.33
TurkeyBIST 149564.2955.560.560.220.33
TaiwanGTSM 109490.0044.440.330.110.22
SpainIBEX 1410571.4350.000.500.300.20
KuwaitKSE 3421961.7642.861.901.710.19
Hong KongHKEX 129575.0055.560.330.220.11
SingaporeSGX 1310376.9230.000.300.300.00
USOTCBB 1000.000.000.000.000.00
ItalyBORSA 1610562.5050.000.500.500.00
NetherlandsAMSTERDAM 1610562.5050.000.500.500.00
UAEUAE 2212654.5550.000.330.330.00
SwitzerlandSIX 53260.0066.670.330.330.00
BelgiumBRUSSELS 1610562.5050.000.500.500.00
GermanyXETRA 1610562.5050.000.500.500.00
FrancePARIS 1610562.5050.000.500.500.00
NorwayOSE 1814577.7835.710.500.57-0.07
ChileBCS 1211391.6727.270.180.27-0.09
MalaysiaBURSA 157246.6728.570.140.43-0.29
ChinaSSE 1511373.3327.270.090.45-0.36
PortugalLISBON 38241663.1666.672.833.29-0.46
JapanSAPPORO 43275.0066.670.671.33-0.67
ArgentinaBUE 127358.3342.860.431.71-1.29
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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