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 34261576.4757.6911.271.469.81
South KoreaKOSDAQ 1428103372372.7669.595.021.004.02
ChinaSZSE 27151732109763.7963.345.231.253.98
ArgentinaBUE 69432862.3265.124.560.583.98
USOTC PINK 1556108062669.6057.805.471.523.95
EgyptEGX 33325417376.2868.114.931.043.89
ChinaSSE 1845118974864.4462.914.611.033.58
Saudi ArabiaTADAWUL 31622415470.8968.754.170.593.58
ChileBCS 106360.0050.006.503.003.50
IndiaBSE 27722002131172.2265.484.451.073.38
JapanNAGOYA 288528.5762.503.630.383.25
CanadaTSX-V 1801307672.2258.466.303.063.24
IndiaNSE 22851656113772.5268.624.140.913.23
USAMEX 30921112568.2859.244.381.163.22
PhilippinesPSE 104623859.6261.293.690.553.15
Hong KongHKEX 143097758968.3260.294.331.193.13
PakistanKSE 33223614871.0862.714.281.223.06
IndonesiaIDX 21515610072.5664.103.850.843.01
PortugalLISBON 31171354.8476.473.240.292.94
TaiwanGTSM 59743028672.0366.513.480.692.79
IsraelTASE 33824115771.3065.153.540.882.66
USNASDAQ 45522993181765.8260.653.510.882.63
Poland GPW 29320613470.6564.733.360.752.60
TurkeyBIST 37424915466.5861.853.330.802.53
South KoreaKRX 1545105066467.9663.243.220.762.46
DenmarkCOPENHAGEN 139946667.6370.213.010.552.46
NorwayOSE 2081348364.4261.943.300.872.43
BangladeshDSE 33925916676.4064.093.320.912.41
AustraliaASX 97366538368.4557.513.170.792.38
SwedenSTOCKHOLM 61640524965.7561.483.330.982.35
Vietnam HOSE 1921337969.2759.403.561.252.32
The World 59065402372418068.1660.073.150.872.29
MalaysiaBURSA 31721711968.4554.843.411.132.28
ThailandSET 31021111368.0653.553.060.822.24
USWARRANTS 159660.0066.674.442.222.22
TaiwanTWSE 107970641765.4359.072.900.802.10
BrazilBOVESPA 37824314264.2958.443.030.942.09
JapanTOKYO 56733833229167.6259.722.900.882.02
CanadaTSX 1758114768165.2459.372.650.681.97
Austria WIENERBORSE 47372478.7264.862.300.351.95
QatarQE 27161259.2675.002.380.441.94
IndonesiaIDX 137553.8571.431.860.001.86
SingaporeSGX 1651096366.0657.802.871.061.81
RussiaMICEX 2041458271.0856.552.580.811.77
JordanASE 29261389.6650.002.921.151.77
BangladeshDSE 94344.4475.001.750.001.75
Vietnam HNX 50392478.0061.543.131.381.74
FrancePARIS 111479448871.2761.462.350.661.69
SwedenSTOCKHOLM 1611968.7581.821.820.181.64
SpainIBEX 1881478778.1959.182.671.081.59
AustraliaASX 23191582.6178.951.630.051.58
ItalyBORSA 1539109764271.2858.522.330.751.58
UKLSE 2205153988269.8057.312.290.801.49
MexicoBMV 2341568766.6755.772.210.751.46
BelgiumBRUSSELS 1401015372.1452.482.220.761.46
UKLSE 147550.0071.431.570.141.43
USNYSE 80615359297966.4955.582.160.771.39
MexicoBMV 118772.7387.501.500.131.38
ThailandSET 138461.5450.001.380.001.38
RussiaMICEX 1812766.6758.331.750.421.33
Greece ATHENS 70442462.8654.552.521.201.32
GermanyXETRA 2113148785870.3757.702.000.681.32
NetherlandsAMSTERDAM 42030417272.3856.581.680.481.20
BrazilBOVESPA 76485.7166.671.170.001.17
IndiaNSE 63350.00100.001.000.001.00
South KoreaKOSDAQ 96366.6750.001.000.001.00
DenmarkCOPENHAGEN 1710858.8280.001.100.101.00
Poland GPW 96466.6766.671.000.001.00
SwitzerlandSIX 59043122573.0552.201.530.570.96
CanadaTSX 117663.6485.711.000.140.86
Vietnam HOSE 85262.5040.001.200.400.80
JapanFUKUOKA 54380.0075.000.750.000.75
IsraelTASE 1611968.7581.820.910.180.73
PhilippinesPSE 1710758.8270.000.900.200.70
USPREFERRED 2881758460.7648.001.020.350.66
USFOREX 137653.8585.710.710.140.57
JapanTOKYO 1513886.6761.540.850.310.54
SingaporeSGX 76285.7133.330.500.000.50
TaiwanGTSM 76285.7133.330.500.000.50
Greece ATHENS 107570.0071.430.710.290.43
Austria WIENERBORSE 107570.0071.430.710.290.43
FOREXFOREX 1912763.1658.330.670.250.42
PortugalLISBON 128566.6762.500.630.250.38
UAEUAE 49341769.3950.001.411.090.32
PakistanKSE 127258.3328.570.860.570.29
SpainIBEX 129575.0055.560.560.330.22
TurkeyBIST 138461.5450.000.380.250.13
NorwayOSE 1411578.5745.450.640.550.09
FrancePARIS 129575.0055.560.560.560.00
ItalyBORSA 129575.0055.560.560.560.00
UAEUAE 1711564.7145.450.360.360.00
MalaysiaBURSA 104240.0050.000.250.250.00
BelgiumBRUSSELS 129575.0055.560.560.560.00
GermanyXETRA 129575.0055.560.560.560.00
SwitzerlandSIX 42150.0050.000.500.500.00
USOTCBB 1000.000.000.000.000.00
NetherlandsAMSTERDAM 129575.0055.560.560.560.00
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
KuwaitKSE 2213359.0923.080.692.00-1.31
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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