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.
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.
Pattern Performance in Stock Exchanges since 1/1/2020
Stock Exchange 
Per Trade 
Total Net% Descending
JapanFUKUOKA 41125.00100.005.750.005.75
JapanNAGOYA 30181060.0055.566.390.845.55
South KoreaKOSDAQ 2085143788968.9261.865.571.334.24
Vietnam HNX 86604069.7766.675.591.404.20
UAEUAE 57422373.6854.764.850.684.16
CanadaCSE 98724473.4761.116.782.684.09
CanadaTSX-V 29219811767.8159.
RussiaMICEX 2351499763.4065.104.771.093.68
IndonesiaIDX 35423713966.9558.654.781.263.52
SwedenSTOCKHOLM 97267039468.9358.814.691.293.39
USNASDAQ 71734891277568.1956.744.541.313.23
ThailandSET 44129316466.4455.974.150.993.15
EgyptEGX 37528816076.8055.564.811.723.10
South KoreaKRX 2282157994369.1959.723.810.852.96
USOTC PINK 2024138274569.2753.144.922.122.80
NorwayOSE 30920210966.0253.434.261.522.74
IndiaNSE 26231879106371.7156.513.951.242.71
PhilippinesPSE 1631136369.3355.753.781.102.68
PakistanKSE 41329616971.6757.094.111.432.68
Austria WIENERBORSE 2381659469.3356.973.510.832.68
Hong KongHKEX 1621112962069.6554.923.831.172.66
Vietnam HOSE 36925714569.6556.423.991.352.64
Poland GPW 38025813467.8951.943.731.432.30
IndiaBSE 31012252124272.6555.133.791.512.28
SpainIBEX 2341679371.3755.693.311.042.26
Saudi ArabiaTADAWUL 31222313771.4761.432.810.592.22
ChinaSZSE 48313301195368.3359.163.301.122.18
IndonesiaIDX 1911857.8972.732.450.272.18
ChinaSSE 38352594156867.6460.453.130.952.18
BelgiumBRUSSELS 1591075667.3052.342.930.792.14
The World 93156632643505868.2255.
QatarQE 42251859.5272.002.640.632.01
BrazilBOVESPA 95666235969.2554.
TaiwanGTSM 88961633369.5253.882.920.922.00
UKLSE 41702938160870.4654.732.900.941.96
MalaysiaBURSA 37725712868.1749.813.231.271.96
ChileBCS 48372377.0862.162.690.751.94
SingaporeSGX 129824963.5759.762.620.741.88
CanadaTSX 2413163990667.9255.282.800.991.81
USNYSE 113527404408465.2255.162.771.011.76
TurkeyBIST 66845423467.9651.543.451.721.74
JapanTOKYO 78935406302068.4955.862.831.101.73
USAMEX 137389648665.2654.242.670.971.70
BangladeshDSE 38629115475.3952.923.131.471.66
AustraliaASX 1631110456967.6951.543.371.731.64
Greece ATHENS 101572756.4447.373.051.481.57
IsraelTASE 80956830870.2154.232.891.331.57
DenmarkCOPENHAGEN 2011286963.6853.912.771.321.44
MexicoBMV 43828614865.3051.753.031.591.44
TaiwanTWSE 1743117563667.4154.132.350.951.40
SwitzerlandSIX 107572635567.5348.902.280.901.38
KuwaitKSE 53362067.9255.562.661.331.33
FrancePARIS 1694119158170.3148.782.310.991.32
JordanASE 1713776.4753.851.890.591.29
FOREXFOREX 43291967.4465.521.520.241.28
MexicoBMV 34272079.4174.071.440.191.26
AustraliaASX 43322374.4271.881.310.061.25
ItalyBORSA 2859198996269.7148.272.030.821.21
GermanyXETRA 46703183156468.1649.141.930.791.14
RussiaMICEX 31221470.9763.641.590.501.09
SwedenSTOCKHOLM 34261876.4769.
Poland GPW 29211572.4171.431.050.100.95
NetherlandsAMSTERDAM 80453926767.0449.541.710.780.93
DenmarkCOPENHAGEN 30211570.0071.431.050.140.90
USFOREX 30201666.6780.000.900.050.85
BangladeshDSE 28131046.4376.920.850.000.85
ThailandSET 35261474.2953.851.040.190.85
Vietnam HOSE 2116876.1950.
UKLSE 41271965.8570.371.110.370.74
SwitzerlandSIX 127558.3371.431.000.290.71
TurkeyBIST 2213659.0946.151.000.310.69
BrazilBOVESPA 2015875.0053.331.070.400.67
IsraelTASE 31231574.1965.220.780.170.61
IndiaNSE 1710758.8270.000.800.200.60
PakistanKSE 2514756.0050.000.930.360.57
CanadaTSX 26181169.2361.110.720.170.56
Hong KongHKEX 2115971.4360.000.670.130.53
ArgentinaBUE 37623511062.5046.812.442.060.38
PhilippinesPSE 35231565.7165.220.570.220.35
JapanTOKYO 29231279.3152.170.740.480.26
ChileBCS 2015675.0040.000.470.270.20
UAEUAE 2918862.0744.440.560.390.17
SingaporeSGX 2014670.0042.860.360.210.14
South KoreaKOSDAQ 2011555.0045.450.550.450.09
USWARRANTS 340067.650.
PortugalLISBON 2216772.7343.750.500.500.00
Austria WIENERBORSE 1914773.6850.000.570.570.00
Greece ATHENS 1914773.6850.000.570.570.00
ChinaSSE 2721877.7838.100.430.430.00
SpainIBEX 2116776.1943.750.500.56-0.06
ItalyBORSA 2316769.5743.750.500.69-0.19
NetherlandsAMSTERDAM 2416766.6743.750.500.69-0.19
BelgiumBRUSSELS 2416766.6743.750.500.69-0.19
GermanyXETRA 2316769.5743.750.500.69-0.19
FrancePARIS 2316769.5743.750.500.69-0.19
NorwayOSE 2721677.7828.570.380.57-0.19
TaiwanGTSM 1815783.3346.670.330.53-0.20
MalaysiaBURSA 229340.9133.330.220.67-0.44
JapanSAPPORO 43275.0066.670.671.33-0.67
ArgentinaBUE 1911557.8945.450.451.27-0.82
PortugalLISBON 34251073.5340.002.013.67-1.66
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© family websites


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