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 1/1/2018
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
CanadaCSE 84573367.8657.899.323.375.95
CanadaTSX-V 27218110466.5457.467.432.674.75
Vietnam HNX 43281865.1264.295.500.964.54
South KoreaKOSDAQ 1894131583469.5963.285.271.283.99
JapanFUKUOKA 53360.00100.003.330.003.33
UAEUAE 54382270.3757.894.000.683.32
EgyptEGX 46936120476.9756.514.831.623.21
IndonesiaIDX 28219411768.7960.314.241.183.06
USOTC PINK 2163145675867.7351.745.462.413.05
IndonesiaIDX 169756.2577.783.000.003.00
NorwayOSE 2411507862.2452.004.091.182.91
South KoreaKRX 2002134678867.2358.543.660.852.81
ThailandSET 41027614567.3252.543.680.972.71
IndiaNSE 26731933109972.3556.833.931.272.66
IndiaBSE 31972291127971.6655.833.761.412.34
USNASDAQ 63664181218965.7652.293.591.332.26
ChinaSZSE 39712610149765.7357.363.481.282.20
MalaysiaBURSA 36625913470.7751.743.581.412.16
PhilippinesPSE 1581075467.7250.473.201.092.10
Vietnam HOSE 28820110969.7954.233.331.282.05
SwedenSTOCKHOLM 87057429965.9852.093.531.502.03
PakistanKSE 41731116574.5853.053.801.782.02
Hong KongHKEX 1664113460268.1553.093.141.132.01
BangladeshDSE 41931317574.7055.913.001.041.96
ChinaSSE 2675177798766.4355.542.961.071.89
TaiwanGTSM 80656430369.9853.722.740.971.77
The World 84227564492945367.0752.132.821.131.69
USWARRANTS 159460.0044.446.444.781.67
Poland GPW 35124912970.9451.813.371.711.66
JapanTOKYO 73345012270968.3454.052.791.171.63
ArgentinaBUE 145835258.6261.182.861.251.61
CanadaTSX 2284147373564.4949.902.691.081.61
SpainIBEX 2251588370.2252.532.711.141.57
BrazilBOVESPA 62439520964.2652.122.811.241.57
AustraliaASX 144596848066.9949.593.151.621.54
USAMEX 93759229063.2948.902.641.131.51
DenmarkCOPENHAGEN 1701075862.9454.212.400.921.49
TaiwanTWSE 149899952666.6952.652.390.911.48
RussiaMICEX 2821929870.2149.492.410.931.48
SingaporeSGX 1651126567.8858.042.551.121.44
TurkeyBIST 53436618968.5451.642.771.341.43
AustraliaASX 36292080.5668.971.410.071.34
Saudi ArabiaTADAWUL 33922912267.5553.282.341.041.30
RussiaMICEX 26171165.3864.711.650.351.29
USNYSE 100706473322664.3049.822.191.021.17
BelgiumBRUSSELS 1581104969.6244.552.181.021.16
MexicoBMV 37824011663.4948.332.391.231.15
FOREXFOREX 32231471.8860.871.650.521.13
UKLSE 31912194104768.7947.702.151.051.10
IsraelTASE 57339821269.9852.872.491.421.07
Austria WIENERBORSE 117753964.1052.002.121.081.04
SwedenSTOCKHOLM 27191370.3768.421.210.211.00
Vietnam HOSE 117363.6442.861.430.431.00
DenmarkCOPENHAGEN 27191470.3773.681.160.161.00
MexicoBMV 27211677.7876.191.190.240.95
Poland GPW 2013965.0069.231.080.150.92
BangladeshDSE 2110847.6280.000.900.000.90
UKLSE 32201462.5070.001.100.200.90
ItalyBORSA 2272157071269.1045.351.850.960.89
QatarQE 43271862.7966.672.411.520.89
ChileBCS 2315965.2260.001.871.000.87
FrancePARIS 1557107650969.1147.301.850.990.86
SwitzerlandSIX 85462.5080.001.000.200.80
ThailandSET 25201080.0050.000.950.200.75
USPREFERRED 3632229861.1644.141.410.690.72
Greece ATHENS 83462655.4256.522.241.520.72
USFOREX 22141363.6492.860.790.070.71
IsraelTASE 24191379.1768.420.840.210.63
IndiaNSE 148657.1475.000.880.250.63
GermanyXETRA 3277218598466.8044.951.460.840.62
BrazilBOVESPA 1510566.6750.000.900.300.60
SwitzerlandSIX 85056323066.5940.641.570.980.59
CanadaTSX 24171170.8364.710.760.180.59
Hong KongHKEX 1511673.3354.550.730.180.55
NetherlandsAMSTERDAM 58439618467.8146.461.250.730.52
PhilippinesPSE 29181362.0772.220.670.170.50
JapanTOKYO 1916984.2156.250.750.310.44
PakistanKSE 2111452.3836.360.820.450.36
TurkeyBIST 159560.0055.560.560.220.33
UAEUAE 2413654.1746.150.620.310.31
South KoreaKOSDAQ 1810555.5650.000.600.300.30
Austria WIENERBORSE 1511673.3354.550.640.360.27
Greece ATHENS 1511673.3354.550.640.360.27
PortugalLISBON 1712670.5950.000.580.330.25
JapanNAGOYA 3112538.7141.672.001.750.25
JordanASE 29221075.8645.451.681.450.23
SpainIBEX 1713676.4746.150.540.380.15
USOTCBB 1000.000.000.000.000.00
SingaporeSGX 1410371.4330.000.300.300.00
NetherlandsAMSTERDAM 2013665.0046.150.540.540.00
ItalyBORSA 1913668.4246.150.540.540.00
BelgiumBRUSSELS 2013665.0046.150.540.540.00
ChinaSSE 1914573.6835.710.360.360.00
FrancePARIS 1913668.4246.150.540.540.00
GermanyXETRA 1913668.4246.150.540.540.00
ChileBCS 1613481.2530.770.230.31-0.08
NorwayOSE 2319682.6131.580.420.58-0.16
TaiwanGTSM 1411578.5745.450.360.55-0.18
KuwaitKSE 44291365.9144.831.311.59-0.28
MalaysiaBURSA 177241.1828.570.140.43-0.29
JapanSAPPORO 43275.0066.670.671.33-0.67
PortugalLISBON 33211463.6466.673.244.10-0.86
ArgentinaBUE 148457.1450.000.381.50-1.13
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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