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 52362573.0865.7910.261.798.47
CanadaTSX-V 1901347470.5355.227.023.403.63
EgyptEGX 29022514077.5962.224.881.273.60
USWARRANTS 222100.00100.003.500.003.50
USOTC PINK 1467100052568.5852.195.221.983.23
Vietnam HNX 27191070.3752.634.371.163.21
South KoreaKOSDAQ 118783753770.7763.934.221.312.91
IndonesiaIDX 1831297970.4961.244.021.192.83
NorwayOSE 165984959.3950.003.811.032.78
IndiaNSE 1909140681473.6557.893.871.152.72
ArgentinaBUE 63392768.2562.793.420.772.65
PakistanKSE 28721812275.9655.964.121.582.54
IndiaBSE 2401174398372.5956.403.831.322.51
PortugalLISBON 28161057.1462.503.250.882.38
ThailandSET 2431688269.1448.813.240.892.35
ChinaSZSE 2354149382563.4255.263.451.292.16
BangladeshDSE 30322512874.2656.892.920.922.00
JapanFUKUOKA 42250.00100.002.000.002.00
South KoreaKRX 135391751468.0055.872.730.781.95
Hong KongHKEX 114876740567.2552.463.101.161.93
USNASDAQ 42282797142566.3450.803.141.241.90
SwedenSTOCKHOLM 54835119464.0555.273.081.181.90
SingaporeSGX 137925367.1557.612.780.971.82
MalaysiaBURSA 2251608071.1150.003.241.441.80
PhilippinesPSE 100713771.0052.112.771.031.75
Austria WIENERBORSE 61472577.0553.192.430.681.74
Vietnam HOSE 1711246572.5152.422.981.301.68
ChinaSSE 1588104356765.6854.362.751.081.67
UKLSE 2111952.3881.821.730.091.64
IndonesiaIDX 148657.1475.001.630.001.63
Saudi ArabiaTADAWUL 2551769769.0255.112.641.021.61
The World 52417353811872567.5752.872.661.061.59
DenmarkCOPENHAGEN 118804667.8057.502.080.591.49
JapanTOKYO 48823281176867.2153.892.591.131.46
AustraliaASX 29241882.7675.001.500.041.46
AustraliaASX 93764032268.4150.232.671.211.46
CanadaTSX 1574102452065.0650.782.441.001.44
TaiwanGTSM 51636420070.5454.952.400.971.43
RussiaMICEX 2114966.6764.291.790.361.43
TurkeyBIST 34424312670.6451.852.441.031.42
SwedenSTOCKHOLM 19131068.4276.921.620.231.38
BangladeshDSE 167643.7585.711.290.001.29
Poland GPW 2061507372.8248.672.451.231.23
IsraelTASE 29720611669.3656.312.501.281.22
USAMEX 55435717864.4449.862.251.071.18
FrancePARIS 99969637569.6753.881.970.831.15
RussiaMICEX 1701155668.2448.282.181.111.07
MexicoBMV 2121356563.6848.152.071.041.04
GermanyXETRA 1869129368069.4052.431.720.701.02
SpainIBEX 1551125872.2651.792.010.991.02
USNYSE 73664746233564.4349.201.950.951.01
TaiwanTWSE 97965532866.9150.081.990.991.00
South KoreaKOSDAQ 116354.5550.001.000.001.00
BrazilBOVESPA 118572.7362.501.130.131.00
Poland GPW 127658.3385.711.000.001.00
USPREFERRED 2751697561.4544.381.340.410.93
ItalyBORSA 137194547569.0750.161.750.850.89
MexicoBMV 20161180.0068.751.190.310.88
BelgiumBRUSSELS 110742967.2739.191.921.070.85
DenmarkCOPENHAGEN 1912963.1675.001.000.170.83
UKLSE 2014140670869.8150.361.720.930.79
QatarQE 2513952.0069.231.921.150.77
ThailandSET 1813572.2238.460.850.080.77
NetherlandsAMSTERDAM 37626413370.2150.381.380.650.73
IsraelTASE 1611968.7581.820.910.180.73
PhilippinesPSE 2012960.0075.000.830.170.67
IndiaNSE 96566.6783.330.830.170.67
UAEUAE 34231367.6556.521.260.610.65
PakistanKSE 168350.0037.501.130.500.63
BrazilBOVESPA 35622210662.3647.751.921.320.60
USFOREX 18121166.6791.670.670.080.58
JapanTOKYO 1714982.3564.290.860.290.57
Vietnam HOSE 96266.6733.331.000.500.50
FOREXFOREX 26191173.0857.890.840.370.47
Greece ATHENS 117563.6471.430.710.290.43
Austria WIENERBORSE 117563.6471.430.710.290.43
SwitzerlandSIX 51535015567.9644.291.210.810.40
CanadaTSX 1813872.2261.540.540.150.38
PortugalLISBON 138561.5462.500.630.250.38
TurkeyBIST 149564.2955.560.560.220.33
TaiwanGTSM 87287.5028.570.430.140.29
SpainIBEX 139569.2355.560.560.330.22
Hong KongHKEX 107470.0057.140.430.290.14
SingaporeSGX 129375.0033.330.330.220.11
Greece ATHENS 58361762.0747.221.611.580.03
NetherlandsAMSTERDAM 149564.2955.560.560.560.00
USOTCBB 1000.000.000.000.000.00
UAEUAE 2111552.3845.450.360.360.00
JordanASE 2419879.1742.111.631.630.00
ItalyBORSA 149564.2955.560.560.560.00
BelgiumBRUSSELS 149564.2955.560.560.560.00
GermanyXETRA 149564.2955.560.560.560.00
SwitzerlandSIX 53260.0066.670.330.330.00
FrancePARIS 149564.2955.560.560.560.00
NorwayOSE 1714582.3535.710.500.57-0.07
ChileBCS 87287.5028.570.140.43-0.29
MalaysiaBURSA 147250.0028.570.140.43-0.29
ChinaSSE 1310376.9230.000.100.40-0.30
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 205225.0040.001.403.00-1.60
KuwaitKSE 1910352.6330.000.702.90-2.20
ChileBCS 74157.1425.000.252.75-2.50
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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