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 46322273.9164.719.211.387.82
EgyptEGX 27421013276.6462.864.681.223.46
CanadaTSX-V 1811287070.7254.697.033.693.34
USOTC PINK 133290747168.3951.705.312.103.21
Vietnam HNX 29201068.9750.004.351.303.05
PortugalLISBON 2513952.0069.233.770.773.00
South KoreaKOSDAQ 112378851270.4464.734.221.322.90
PakistanKSE 27120611776.0156.804.231.532.70
ArgentinaBUE 60402768.3365.853.510.832.68
IndonesiaIDX 1731247471.6859.683.871.232.64
IndiaNSE 1823133877173.4557.583.681.152.53
ThailandSET 2231567669.9648.723.310.852.46
IndiaBSE 2269165192572.7656.033.731.302.43
ChinaSZSE 2167135073862.3054.673.511.312.20
NorwayOSE 149864157.7247.673.091.052.05
JapanFUKUOKA 42250.00100.002.000.002.00
USNASDAQ 38032542130666.8951.343.141.221.91
South KoreaKRX 128686748567.4255.942.700.791.91
Hong KongHKEX 109573338867.3152.653.081.191.89
DenmarkCOPENHAGEN 105694165.7159.422.360.491.87
BangladeshDSE 27920811774.5556.252.770.931.84
MalaysiaBURSA 2101487370.4849.323.251.421.83
AustraliaASX 89760530867.5650.832.881.131.75
SwedenSTOCKHOLM 49131517064.1553.973.011.301.70
UKLSE 189750.0077.781.780.111.67
ChinaSSE 148296752065.2553.772.721.081.64
IndonesiaIDX 148657.1475.001.630.001.63
Vietnam HOSE 1571135971.9752.213.001.411.59
The World 48269326431727867.6752.902.671.081.59
SingaporeSGX 129895268.9958.432.631.061.57
Saudi ArabiaTADAWUL 2331608768.6754.382.611.061.55
SwedenSTOCKHOLM 18121066.6783.331.670.171.50
Poland GPW 2001437471.5051.752.621.131.48
TaiwanGTSM 47734219071.7055.562.430.951.47
JapanTOKYO 44833021163567.3954.122.621.151.47
TurkeyBIST 31622811872.1551.752.481.021.46
AustraliaASX 29241882.7675.001.500.041.46
CanadaTSX 146594247664.3050.532.471.021.45
RussiaMICEX 1912763.1658.331.750.421.33
BangladeshDSE 136546.1583.331.330.001.33
Austria WIENERBORSE 49361973.4752.781.860.531.33
IsraelTASE 28219811470.2157.582.541.251.28
FrancePARIS 90462233768.8154.182.050.861.19
TaiwanTWSE 91361031366.8151.312.090.971.12
MexicoBMV 15121080.0083.331.250.171.08
USAMEX 49332316365.5250.462.171.091.08
GermanyXETRA 1669116361269.6852.621.800.751.04
ItalyBORSA 126387544569.2850.861.910.871.04
USPREFERRED 2431547063.3745.451.440.411.03
USNYSE 66604342213465.2049.151.990.971.02
MexicoBMV 1951286065.6446.882.091.071.02
Poland GPW 127658.3385.711.000.001.00
BrazilBOVESPA 98588.8962.501.130.131.00
South KoreaKOSDAQ 106360.0050.001.000.001.00
BelgiumBRUSSELS 103712868.9339.441.991.010.97
RussiaMICEX 1641125468.9047.792.171.200.96
PhilippinesPSE 90643371.1151.561.951.000.95
SpainIBEX 1401014972.1448.511.901.010.89
UKLSE 1842127164369.0050.591.861.010.85
DenmarkCOPENHAGEN 1912963.1675.001.000.170.83
ThailandSET 1813572.2238.460.850.080.77
IndiaNSE 74457.14100.000.750.000.75
IsraelTASE 1611968.7581.820.910.180.73
UAEUAE 30201166.6755.001.350.650.70
BrazilBOVESPA 3211999661.9948.242.051.370.68
PhilippinesPSE 1912963.1675.000.830.170.67
PakistanKSE 158353.3337.501.130.500.63
JapanTOKYO 1614987.5064.290.860.290.57
NetherlandsAMSTERDAM 33824111971.3049.381.230.670.56
USFOREX 17111064.7190.910.640.090.55
FOREXFOREX 23171073.9158.820.820.290.53
Vietnam HOSE 96266.6733.331.000.500.50
Greece ATHENS 117563.6471.430.710.290.43
Austria WIENERBORSE 117563.6471.430.710.290.43
SwitzerlandSIX 46132614570.7244.481.210.810.40
CanadaTSX 1813872.2261.540.540.150.38
PortugalLISBON 138561.5462.500.630.250.38
QatarQE 2312852.1766.671.581.250.33
TaiwanGTSM 87287.5028.570.430.140.29
SingaporeSGX 87287.5028.570.430.140.29
SpainIBEX 139569.2355.560.560.330.22
Greece ATHENS 51331764.7151.521.761.550.21
TurkeyBIST 138461.5450.000.380.250.13
ItalyBORSA 149564.2955.560.560.560.00
UAEUAE 1911557.8945.450.360.360.00
JordanASE 2319882.6142.111.631.630.00
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
NetherlandsAMSTERDAM 149564.2955.560.560.560.00
USOTCBB 1000.000.000.000.000.00
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 139269.2322.220.110.44-0.33
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 205225.0040.001.403.00-1.60
KuwaitKSE 2010350.0030.000.702.90-2.20
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.

Candlesticker.com is an independent and free website and all the Services provided by Americanbulls.com LLC at Candlesticker.com are completely free of charge. Americanbulls.com LLC does not receive compensation by any direct or indirect means from the visitors and users of this website (or of any other bulls.com© family websites), and from the stocks, securities and other institutions or any underwriters or dealers associated with the broader national or international forex, commodity and stock markets.

You agree that Candlesticker.com and Americanbulls.com LLC its parent company, subsidiaries, affiliates, officers and employees shall not be liable for any direct, indirect, incidental, special or consequential damages.