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
IndonesiaIDX 1810755.5670.002.700.302.40
MexicoBMV 32251978.1376.001.480.201.28
FOREXFOREX 41271865.8566.671.480.221.26
AustraliaASX 42322376.1971.881.310.061.25
SwedenSTOCKHOLM 34261876.4769.
RussiaMICEX 29201268.9760.001.550.551.00
ThailandSET 31241377.4254.
DenmarkCOPENHAGEN 29201468.9770.
Poland GPW 28201471.4370.
Vietnam HOSE 1914873.6857.
USFOREX 28191567.8678.950.890.050.84
BangladeshDSE 2611942.3181.820.820.000.82
TurkeyBIST 2112657.1450.001.080.330.75
SwitzerlandSIX 127558.3371.431.000.290.71
BrazilBOVESPA 1914873.6857.141.140.430.71
IsraelTASE 29231579.3165.220.780.170.61
IndiaNSE 1710758.8270.000.800.200.60
UKLSE 36241666.6766.671.000.420.58
CanadaTSX 26181169.2361.110.720.170.56
Hong KongHKEX 2115971.4360.000.670.130.53
PakistanKSE 2413654.1746.150.770.380.38
PhilippinesPSE 34221564.7168.180.590.230.36
JapanTOKYO 28221178.5750.000.770.500.27
ChileBCS 2015675.0040.000.470.270.20
UAEUAE 2918862.0744.440.560.390.17
ChinaSSE 2519776.0036.840.470.370.11
South KoreaKOSDAQ 2011555.0045.450.550.450.09
PhilippinesPSE 1631167.480.910.060.000.06
ThailandSET 4201166.190.360.050.000.05
The World 88111141782067.911.370.050.020.03
USAMEX 12982265.
NetherlandsAMSTERDAM 7511166.580.
IsraelTASE 7532271.450.370.010.000.01
TaiwanTWSE 16232267.
FrancePARIS 16243369.640.
IndiaNSE 24522172.
AustraliaASX 15113266.980.
JapanTOKYO 74233368.650.
Poland GPW 3680067.930.
NorwayOSE 2920066.
PakistanKSE 4120071.360.
SingaporeSGX 1200063.330.
SingaporeSGX 1712470.5933.330.250.250.00
TurkeyBIST 6080068.420.
USWARRANTS 340067.650.
USOTC PINK 18790068.760.
Vietnam HOSE 3450069.
Vietnam HNX 830068.670.
UKLSE 38840070.
DenmarkCOPENHAGEN 1870064.710.
GermanyXETRA 43780067.840.
ChinaSZSE 45700068.
ChileBCS 460076.
SpainIBEX 2250071.560.
Greece ATHENS 990056.570.
Austria WIENERBORSE 2340068.380.
ArgentinaBUE 3260061.960.
BangladeshDSE 3680075.
BelgiumBRUSSELS 1480068.
SwitzerlandSIX 10130067.
CanadaCSE 910073.630.
CanadaTSX-V 2850067.720.
BrazilBOVESPA 8910069.
MalaysiaBURSA 3730068.900.
MexicoBMV 4280066.
KuwaitKSE 510064.710.
UAEUAE 510076.470.
Saudi ArabiaTADAWUL 2960069.930.
QatarQE 390058.970.
IndonesiaIDX 3220068.
JapanNAGOYA 300060.
JapanFUKUOKA 40025.
EgyptEGX 3650076.710.
JordanASE 180072.
South KoreaKOSDAQ 19760068.
ItalyBORSA 26870069.330.
IndiaBSE 28731073.
ChinaSSE 35512066.770.
CanadaTSX 23001067.960.
Hong KongHKEX 15091069.580.
USNYSE 108541064.650.
TaiwanGTSM 8421069.600.
USNASDAQ 69052067.650.
South KoreaKRX 21441068.980.
RussiaMICEX 2672163.670.590.000.01-0.01
SwedenSTOCKHOLM 9192068.340.000.000.01-0.01
PortugalLISBON 342076.470.000.000.04-0.04
PortugalLISBON 2014670.0042.860.500.57-0.07
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 229340.9133.330.220.67-0.44
JapanSAPPORO 43275.0066.670.671.33-0.67
ArgentinaBUE 179452.9444.440.331.44-1.11
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© family websites


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