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 1/1/2021
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
CanadaCSE 85583968.2467.247.812.685.14
CanadaTSX-V 30520912468.5259.336.402.204.19
South KoreaKOSDAQ 2248155594869.1760.965.371.294.08
Vietnam HNX 93654069.8961.544.971.583.38
USOTC PINK 2229148680268.3352.665.142.093.05
EgyptEGX 37928415174.9353.174.811.783.04
USNASDAQ 75095098288567.9956.514.341.372.97
Hong KongHKEX 1710119166969.6556.173.921.212.72
South KoreaKRX 2365161394068.2058.283.660.972.70
Vietnam HOSE 38826515468.3058.113.781.312.47
PhilippinesPSE 1691176269.2352.993.561.142.42
ChinaSZSE 52153617214769.3659.363.521.142.37
PakistanKSE 44432618273.4255.833.631.322.31
ChinaSSE 42002873173868.4060.493.200.932.28
ChileBCS 60442873.3363.643.080.822.26
QatarQE 46281960.8767.862.840.682.17
BangladeshDSE 40130016374.8154.333.301.451.85
USAMEX 143490848463.3253.302.810.971.84
BrazilBOVESPA 107774238968.9052.433.101.261.84
KuwaitKSE 56392269.6456.412.610.901.71
TaiwanGTSM 94464733168.7551.002.701.021.68
JapanTOKYO 82375678316568.9355.742.781.101.68
USNYSE 117517752424665.9754.772.661.001.66
MexicoBMV 45328915063.8051.903.041.391.64
CanadaTSX 2537168690866.4653.862.621.031.59
IsraelTASE 84759431670.2553.112.821.311.50
IndonesiaIDX 2214963.6464.291.930.431.50
The World 98647478692684468.0639.982.260.781.47
AustraliaASX 1724116459367.5250.953.071.681.39
TaiwanTWSE 1853125166967.5153.482.320.941.38
MalaysiaBURSA 39427112768.7846.862.781.421.36
MexicoBMV 34272079.4174.071.440.191.26
AustraliaASX 47332370.2169.701.270.061.21
SingaporeSGX 135834661.4855.422.170.971.20
FOREXFOREX 46312067.3964.521.390.261.13
IndiaNSE 1811861.1172.731.270.181.09
RussiaMICEX 32231471.8860.871.520.521.00
DenmarkCOPENHAGEN 32231671.8869.571.090.130.96
Poland GPW 29211572.4171.431.050.100.95
BrazilBOVESPA 2116976.1956.251.250.380.88
SwedenSTOCKHOLM 37291878.3862.071.070.210.86
ThailandSET 37281675.6857.141.040.180.86
BangladeshDSE 29131044.8376.920.850.000.85
Vietnam HOSE 2116976.1956.251.060.250.81
USFOREX 31211767.7480.950.860.050.81
SwitzerlandSIX 149664.2966.671.000.220.78
UKLSE 41271965.8570.371.110.370.74
TurkeyBIST 2414658.3342.860.930.290.64
IsraelTASE 31231574.1965.220.780.170.61
PakistanKSE 2514756.0050.000.930.360.57
JapanNAGOYA 3118658.0633.331.781.210.57
Hong KongHKEX 2115971.4360.000.670.130.53
CanadaTSX 28191167.8657.890.680.160.53
ArgentinaBUE 45928113261.4446.812.552.030.52
JordanASE 1813672.2246.151.250.800.45
PhilippinesPSE 37231562.1665.220.570.220.35
JapanTOKYO 29231279.3152.170.740.480.26
UAEUAE 2918862.0744.440.560.390.17
UAEUAE 591166.102.560.100.000.10
SingaporeSGX 2216772.7343.750.310.250.06
Austria WIENERBORSE 2116876.1950.000.560.500.06
Greece ATHENS 2116876.1950.000.560.500.06
ChileBCS 2216672.7337.500.440.380.06
PortugalLISBON 2418875.0044.440.500.440.06
ThailandSET 4901165.920.310.040.000.04
NetherlandsAMSTERDAM 8991166.300.170.010.000.01
FrancePARIS 17183369.560.250.010.000.01
IndiaNSE 28122170.840.050.000.000.00
USWARRANTS 340067.650.000.000.000.00
USPREFERRED 3640064.010.000.000.000.00
USOTCBB 1000.000.000.000.000.00
UKLSE 45580069.680.000.000.000.00
Poland GPW 3860066.320.000.000.000.00
RussiaMICEX 2390063.180.000.000.000.00
TurkeyBIST 7500065.600.000.000.000.00
SwitzerlandSIX 11450067.250.000.000.000.00
BelgiumBRUSSELS 1680068.450.000.000.000.00
Austria WIENERBORSE 2450069.390.000.000.000.00
DenmarkCOPENHAGEN 2000066.000.000.000.000.00
GermanyXETRA 50260067.330.000.000.000.00
ChinaSSE 2822878.5736.360.410.410.00
SpainIBEX 2510068.920.000.000.000.00
SpainIBEX 2419879.1742.110.470.470.00
Greece ATHENS 970056.700.000.000.000.00
Saudi ArabiaTADAWUL 3330071.170.000.000.000.00
NorwayOSE 3230067.490.000.000.000.00
ItalyBORSA 30820069.010.000.000.000.00
JapanFUKUOKA 3000.000.000.000.000.00
IndonesiaIDX 3670067.570.000.000.000.00
IndiaBSE 33721071.650.000.000.000.00
SwedenSTOCKHOLM 10071068.720.000.000.01-0.01
PortugalLISBON 302073.330.000.000.05-0.05
South KoreaKOSDAQ 2414558.3335.710.430.50-0.07
FrancePARIS 2518872.0044.440.500.61-0.11
GermanyXETRA 2518872.0044.440.500.61-0.11
BelgiumBRUSSELS 2618869.2344.440.500.61-0.11
NetherlandsAMSTERDAM 2618869.2344.440.500.61-0.11
ItalyBORSA 2518872.0044.440.500.61-0.11
NorwayOSE 3024780.0029.170.420.58-0.17
TaiwanGTSM 1815783.3346.670.330.53-0.20
MalaysiaBURSA 2310443.4840.000.200.60-0.40
JapanSAPPORO 43275.0066.670.671.33-0.67
ArgentinaBUE 2011555.0045.450.451.27-0.82
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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