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
Vietnam HNX 39241661.5466.677.330.676.67
CanadaCSE 79533067.0956.609.153.665.49
CanadaTSX-V 26517810367.1757.877.372.654.72
South KoreaKOSDAQ 1829127381569.6064.025.461.274.19
EgyptEGX 44233819376.4757.104.891.463.43
UAEUAE 53372269.8159.464.110.703.41
JapanFUKUOKA 53360.00100.003.330.003.33
USOTC PINK 2120142874967.5052.345.512.293.22
IndonesiaIDX 169756.2577.783.000.003.00
NorwayOSE 2261417262.3951.064.161.202.96
IndonesiaIDX 27719011368.5959.474.121.182.94
South KoreaKRX 1899128374767.5658.223.750.852.90
ThailandSET 38926013766.8452.693.670.902.77
IndiaNSE 25871871107372.3257.354.011.252.76
IndiaBSE 30912226124572.0255.933.831.392.44
ChinaSZSE 37672476142565.7357.553.511.272.24
USNASDAQ 60763994209165.8052.303.601.362.24
PhilippinesPSE 1491025368.4651.963.271.092.19
PakistanKSE 40630316274.6353.473.881.792.10
BangladeshDSE 39929917174.9457.193.060.982.09
Hong KongHKEX 1626111158968.3353.023.181.112.07
SwedenSTOCKHOLM 84155629066.1152.163.561.512.05
Vietnam HOSE 26118210069.7354.953.251.242.01
USWARRANTS 118472.7350.007.255.252.00
ChinaSSE 2558169893766.3855.183.011.081.93
MalaysiaBURSA 35024712370.5749.803.441.541.90
ArgentinaBUE 122714458.2061.973.111.301.82
Poland GPW 33423411670.0649.573.321.501.81
The World 80778542042850667.1352.572.871.131.74
CanadaTSX 2227143772664.5350.522.771.071.69
JapanTOKYO 70754819261468.1154.242.841.171.67
AustraliaASX 138293146767.3750.163.241.601.65
TaiwanGTSM 75452528569.6354.292.620.981.64
SingaporeSGX 1621086466.6759.262.641.011.63
BrazilBOVESPA 57936619263.7352.032.861.241.62
DenmarkCOPENHAGEN 1601035864.3856.312.500.891.61
USAMEX 88456128163.5750.002.661.121.54
TaiwanTWSE 141594750066.9352.802.410.911.50
SpainIBEX 2181568171.5651.922.651.151.49
AustraliaASX 34282082.3571.431.460.041.43
RussiaMICEX 2611819070.1149.182.341.021.32
Saudi ArabiaTADAWUL 33322411967.2753.132.351.041.32
BelgiumBRUSSELS 1491014767.7946.532.290.981.31
SwedenSTOCKHOLM 24161266.6775.001.440.191.25
RussiaMICEX 25161064.0062.501.630.381.25
TurkeyBIST 50234117367.9350.732.631.401.23
MexicoBMV 35622511063.2048.892.451.261.20
UKLSE 29882049100068.5748.802.261.071.18
USNYSE 97086236309764.2649.652.211.021.18
QatarQE 39241761.5470.832.671.581.08
DenmarkCOPENHAGEN 27191470.3773.681.160.161.00
Vietnam HOSE 117363.6442.861.430.431.00
FrancePARIS 1451100049568.9249.501.991.000.99
MexicoBMV 27211677.7876.191.190.240.95
UKLSE 31191461.2973.681.160.210.95
Poland GPW 2013965.0069.231.080.150.92
ItalyBORSA 2141150168570.1145.641.880.970.92
IsraelTASE 52436819770.8053.102.401.490.91
BangladeshDSE 2110847.6280.000.900.000.90
SwitzerlandSIX 75471.4380.001.000.200.80
GermanyXETRA 2983202596167.8847.461.620.850.78
USPREFERRED 37423010761.5046.521.430.660.77
ThailandSET 25201080.0050.000.950.200.75
NetherlandsAMSTERDAM 54937918169.0347.761.460.720.74
Greece ATHENS 82452554.8855.562.291.560.73
USFOREX 22141363.6492.860.790.070.71
IsraelTASE 22171377.2776.470.940.240.71
CanadaTSX 23161169.5768.750.810.130.69
SwitzerlandSIX 78853221867.6440.901.660.990.67
IndiaNSE 148657.1475.000.880.250.63
BrazilBOVESPA 1510566.6750.000.900.300.60
Greece ATHENS 139669.2366.670.780.220.56
Austria WIENERBORSE 139669.2366.670.780.220.56
FOREXFOREX 29201268.9760.000.900.350.55
Hong KongHKEX 1411678.5754.550.730.180.55
PortugalLISBON 1510666.6760.000.700.200.50
PhilippinesPSE 29181362.0772.220.670.170.50
PakistanKSE 2010450.0040.000.900.400.50
JapanTOKYO 1815983.3360.000.800.330.47
Austria WIENERBORSE 103673265.0547.761.631.160.46
SpainIBEX 1511673.3354.550.640.270.36
TurkeyBIST 159560.0055.560.560.220.33
South KoreaKOSDAQ 169456.2544.440.670.330.33
UAEUAE 2313656.5246.150.620.310.31
PortugalLISBON 33201360.6165.004.554.300.25
JapanNAGOYA 3112538.7141.672.001.750.25
JordanASE 29221075.8645.451.681.450.23
BelgiumBRUSSELS 1811661.1154.550.640.450.18
FrancePARIS 1711664.7154.550.640.450.18
GermanyXETRA 1711664.7154.550.640.450.18
ItalyBORSA 1711664.7154.550.640.450.18
NetherlandsAMSTERDAM 1811661.1154.550.640.450.18
USOTCBB 1000.000.000.000.000.00
SingaporeSGX 1310376.9230.000.300.300.00
NorwayOSE 2016680.0037.500.500.500.00
ChileBCS 2114866.6757.141.071.070.00
ChinaSSE 1814577.7835.710.360.360.00
ChileBCS 1413492.8630.770.150.31-0.15
MalaysiaBURSA 167243.7528.570.140.43-0.29
TaiwanGTSM 1210483.3340.000.300.60-0.30
KuwaitKSE 39241061.5441.671.171.71-0.54
JapanSAPPORO 43275.0066.670.671.33-0.67
ArgentinaBUE 138461.5450.000.381.50-1.13
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.

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.