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 47332374.4765.719.091.347.74
USWARRANTS 21150.00100.005.000.005.00
CanadaTSX-V 1861307269.8955.387.083.643.44
EgyptEGX 27921513277.0661.404.651.303.35
USOTC PINK 138593649067.9452.075.172.043.14
South KoreaKOSDAQ 115981853270.8464.804.311.313.01
Vietnam HNX 28201071.4350.004.151.302.85
IndonesiaIDX 1791277670.9559.843.961.202.76
IndiaNSE 1871137379973.4458.153.861.132.73
PakistanKSE 27521011976.3656.674.241.552.70
PortugalLISBON 2715955.5660.003.270.802.47
IndiaBSE 2328169695072.8556.013.741.292.45
ArgentinaBUE 60372568.3360.983.200.802.39
ThailandSET 2341627869.2348.153.240.852.39
NorwayOSE 156904457.6948.893.221.042.18
ChinaSZSE 2250140777162.5354.803.501.332.18
Austria WIENERBORSE 53402175.4752.502.600.552.05
JapanFUKUOKA 42250.00100.002.000.002.00
South KoreaKRX 132089450867.7356.822.790.792.00
Hong KongHKEX 111574939967.6252.923.161.171.99
SwedenSTOCKHOLM 51333118364.5255.293.141.221.92
BangladeshDSE 28521412075.0956.072.840.951.88
USNASDAQ 39882639133466.2750.473.111.241.87
MalaysiaBURSA 2201557770.4549.683.191.441.75
PhilippinesPSE 93663570.9753.032.700.971.73
SingaporeSGX 133915368.4258.242.700.981.73
Vietnam HOSE 1661196271.6952.102.991.311.68
ChinaSSE 152499153565.0353.992.761.091.67
UKLSE 189750.0077.781.780.111.67
DenmarkCOPENHAGEN 110734166.3656.162.220.591.63
IndonesiaIDX 148657.1475.001.630.001.63
The World 50233339091792867.5652.832.671.071.60
JapanTOKYO 46893155171467.2954.332.631.141.49
AustraliaASX 92262531667.9050.482.671.191.48
TurkeyBIST 32823212270.7352.592.471.011.46
AustraliaASX 29241882.7675.001.500.041.46
Saudi ArabiaTADAWUL 2441658967.6253.942.541.081.45
CanadaTSX 151897849464.4350.512.461.011.45
TaiwanGTSM 50235419470.5254.802.420.971.44
IsraelTASE 29520511869.4957.562.591.201.39
Poland GPW 2061487671.8451.352.541.161.39
SwedenSTOCKHOLM 19131068.4276.921.620.231.38
BangladeshDSE 157646.6785.711.290.001.29
RussiaMICEX 2013765.0053.851.620.381.23
USAMEX 52233616964.3750.302.231.061.17
FrancePARIS 95166235869.6154.082.010.841.16
RussiaMICEX 1661145669.2848.702.201.111.09
TaiwanTWSE 94463232066.9550.632.071.001.07
SpainIBEX 1491085472.4850.002.010.961.05
MexicoBMV 2001306265.0047.692.111.061.05
ItalyBORSA 133492747569.6451.131.890.841.05
GermanyXETRA 1787124764769.8451.841.750.721.02
USNYSE 69614497218664.6048.611.980.971.01
BrazilBOVESPA 108580.0062.501.130.131.00
South KoreaKOSDAQ 116354.5550.001.000.001.00
Poland GPW 127658.3385.711.000.001.00
USPREFERRED 2611617161.6944.101.400.420.98
BelgiumBRUSSELS 108742968.5239.191.921.070.85
UKLSE 1936134867869.6350.301.810.970.84
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
MexicoBMV 17141082.3571.431.070.360.71
UAEUAE 31221270.9754.551.320.640.68
PhilippinesPSE 1912963.1675.000.830.170.67
PakistanKSE 158353.3337.501.130.500.63
BrazilBOVESPA 3302039661.5247.291.981.370.60
JapanTOKYO 1614987.5064.290.860.290.57
NetherlandsAMSTERDAM 34824912471.5549.801.200.660.55
USFOREX 17111064.7190.910.640.090.55
FOREXFOREX 24171070.8358.820.820.290.53
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 49234515370.1244.351.210.820.40
CanadaTSX 1813872.2261.540.540.150.38
PortugalLISBON 138561.5462.500.630.250.38
QatarQE 2412850.0066.671.581.250.33
Hong KongHKEX 96466.6766.670.500.170.33
SingaporeSGX 119381.8233.330.440.110.33
TaiwanGTSM 87287.5028.570.430.140.29
SpainIBEX 139569.2355.560.560.330.22
Greece ATHENS 54331761.1151.521.761.550.21
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
NetherlandsAMSTERDAM 149564.2955.560.560.560.00
BelgiumBRUSSELS 149564.2955.560.560.560.00
SwitzerlandSIX 53260.0066.670.330.330.00
GermanyXETRA 149564.2955.560.560.560.00
FrancePARIS 149564.2955.560.560.560.00
USOTCBB 1000.000.000.000.000.00
NorwayOSE 1714582.3535.710.500.57-0.07
MalaysiaBURSA 136246.1533.330.170.33-0.17
ChileBCS 87287.5028.570.140.43-0.29
ChinaSSE 1310376.9230.000.100.40-0.30
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
ChileBCS 106160.0016.670.172.17-2.00
KuwaitKSE 2010350.0030.000.702.90-2.20
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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