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 1/1/2020
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
IndonesiaIDX 1810755.5670.002.700.302.40
FOREXFOREX 40261765.0065.381.540.231.31
AustraliaASX 41312275.6170.971.350.061.29
RussiaMICEX 28191267.8663.161.630.371.26
SwedenSTOCKHOLM 34261876.4769.231.190.151.04
MexicoBMV 31241877.4275.001.210.211.00
Poland GPW 26181369.2372.221.110.111.00
ThailandSET 29231379.3156.521.170.171.00
DenmarkCOPENHAGEN 29201568.9775.001.100.150.95
Vietnam HOSE 1712770.5958.331.170.250.92
BangladeshDSE 2510840.0080.000.900.000.90
USFOREX 27181566.6783.330.940.060.89
BrazilBOVESPA 1813772.2253.851.150.460.69
IndiaNSE 169756.2577.780.890.220.67
UKLSE 35231565.7165.221.040.430.61
IsraelTASE 29231579.3165.220.780.170.61
Hong KongHKEX 2014970.0064.290.710.140.57
CanadaTSX 26181169.2361.110.720.170.56
PhilippinesPSE 32201562.5075.000.650.150.50
SwitzerlandSIX 116454.5566.670.830.330.50
JapanTOKYO 26201076.9250.000.750.400.35
PakistanKSE 2312552.1741.670.750.420.33
TurkeyBIST 1910552.6350.000.500.300.20
UAEUAE 2918862.0744.440.560.390.17
ChinaSSE 2519776.0036.840.530.370.16
South KoreaKOSDAQ 2011555.0045.450.550.450.09
PhilippinesPSE 1521167.110.980.070.000.07
ThailandSET 4011165.840.380.050.000.05
The World 81845137880267.571.450.050.020.03
USAMEX 11431163.520.140.020.000.02
NetherlandsAMSTERDAM 6691165.170.230.020.000.02
TaiwanTWSE 14822267.480.200.010.000.01
IsraelTASE 7242271.270.390.010.000.01
FrancePARIS 15353369.380.280.010.000.01
IndiaNSE 22911172.460.060.010.000.01
AustraliaASX 14183267.350.210.000.000.00
JapanTOKYO 68782268.740.040.000.000.00
Poland GPW 3380068.640.000.000.000.00
NorwayOSE 2670068.910.000.000.000.00
PakistanKSE 3840070.830.000.000.000.00
SingaporeSGX 1220063.110.000.000.000.00
SingaporeSGX 1611468.7536.360.270.270.00
TurkeyBIST 5530068.540.000.000.000.00
USWARRANTS 340067.650.000.000.000.00
USPREFERRED 3640064.010.000.000.000.00
USOTC PINK 16630069.030.000.000.000.00
USOTCBB 1000.000.000.000.000.00
Vietnam HOSE 3110069.450.000.000.000.00
Vietnam HNX 770067.530.000.000.000.00
UKLSE 35260069.630.000.000.000.00
DenmarkCOPENHAGEN 1740064.370.000.000.000.00
GermanyXETRA 39980066.210.000.000.000.00
ChinaSZSE 41830067.540.000.000.000.00
ChileBCS 420076.190.000.000.000.00
SpainIBEX 2060071.840.000.000.000.00
Greece ATHENS 920058.700.000.000.000.00
Austria WIENERBORSE 1710067.840.000.000.000.00
ArgentinaBUE 2780063.670.000.000.000.00
BangladeshDSE 3560075.280.000.000.000.00
BelgiumBRUSSELS 1400067.140.000.000.000.00
SwitzerlandSIX 9440067.160.000.000.000.00
CanadaCSE 950070.530.000.000.000.00
CanadaTSX-V 2780067.630.000.000.000.00
BrazilBOVESPA 8130069.250.000.000.000.00
MalaysiaBURSA 3560069.100.000.000.000.00
MexicoBMV 4060065.760.000.000.000.00
KuwaitKSE 480062.500.000.000.000.00
UAEUAE 490077.550.000.000.000.00
Saudi ArabiaTADAWUL 2700070.370.000.000.000.00
QatarQE 380060.530.000.000.000.00
IndonesiaIDX 3040068.090.000.000.000.00
IndiaBSE 26820073.010.000.000.000.00
JapanNAGOYA 300060.000.000.000.000.00
JapanFUKUOKA 40025.000.000.000.000.00
EgyptEGX 3560076.400.000.000.000.00
JordanASE 150073.330.000.000.000.00
South KoreaKOSDAQ 18350068.280.000.000.000.00
ItalyBORSA 24670068.420.000.000.000.00
ChinaSSE 32722066.200.000.000.000.00
CanadaTSX 21431067.620.000.000.000.00
Hong KongHKEX 14211069.460.000.000.000.00
USNYSE 101071064.240.000.000.000.00
TaiwanGTSM 7631070.250.000.000.000.00
USNASDAQ 65212067.180.000.000.000.00
South KoreaKRX 20191069.490.000.000.000.00
RussiaMICEX 2372165.820.640.010.01-0.01
SwedenSTOCKHOLM 8622068.560.000.000.01-0.01
PortugalLISBON 302076.670.000.000.05-0.05
ChileBCS 1814577.7835.710.210.29-0.07
PortugalLISBON 1913668.4246.150.540.62-0.08
Austria WIENERBORSE 1712670.5950.000.580.67-0.08
Greece ATHENS 1712670.5950.000.580.67-0.08
SpainIBEX 1914673.6842.860.500.64-0.14
NorwayOSE 2620676.9230.000.400.55-0.15
TaiwanGTSM 1613681.2546.150.380.54-0.15
ItalyBORSA 2114666.6742.860.500.79-0.29
NetherlandsAMSTERDAM 2214663.6442.860.500.79-0.29
BelgiumBRUSSELS 2214663.6442.860.500.79-0.29
GermanyXETRA 2114666.6742.860.500.79-0.29
FrancePARIS 2114666.6742.860.500.79-0.29
MalaysiaBURSA 219342.8633.330.220.67-0.44
JapanSAPPORO 43275.0066.670.671.33-0.67
ArgentinaBUE 169456.2544.440.331.44-1.11
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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