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 1/1/2017
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
CanadaCSE 52372471.1564.8610.922.308.62
USWARRANTS 333100.00100.006.330.006.33
South KoreaKOSDAQ 2017143089070.9062.245.541.334.21
CanadaTSX-V 2301598769.1354.727.233.184.05
EgyptEGX 46235021075.7660.004.801.313.49
PhilippinesPSE 1571005663.6956.004.050.723.33
USOTC PINK 2298157081469.4551.005.181.993.20
IndonesiaIDX 159760.0077.783.000.003.00
IndiaNSE 29842178127272.9958.404.141.222.92
ThailandSET 44729216165.3255.143.750.892.86
South KoreaKRX 2089140481067.2157.693.780.952.83
ArgentinaBUE 108613856.4862.303.791.032.75
IndiaBSE 35442578146172.7456.674.161.432.72
IndonesiaIDX 30421312770.0759.623.781.072.71
JapanNAGOYA 339727.2777.783.000.332.67
ChinaSZSE 42582803152265.8354.304.111.552.56
Hong KongHKEX 1942134271469.1053.203.851.312.54
NorwayOSE 2581679064.7353.893.541.022.52
PakistanKSE 45233118373.2355.294.041.572.46
Saudi ArabiaTADAWUL 42428916868.1658.133.290.872.43
ChinaSSE 29101912104465.7054.603.681.292.39
SwedenSTOCKHOLM 91759432964.7855.393.611.262.34
ChileBCS 1512780.0058.334.251.922.33
USNASDAQ 65014269224565.6752.593.551.242.31
UAEUAE 67462368.6650.003.301.132.17
TaiwanGTSM 85360134270.4656.913.060.932.13
BangladeshDSE 47335820875.6958.103.241.122.12
CanadaTSX 2436158685865.1154.102.900.921.98
The World 82943561562995867.7453.323.091.131.96
JapanTOKYO 82515604312867.9255.823.001.131.87
DenmarkCOPENHAGEN 1831247467.7659.682.610.781.83
SingaporeSGX 1991267463.3258.732.730.941.79
Vietnam HOSE 2611839970.1154.103.021.261.76
IsraelTASE 50235019869.7256.573.021.271.75
QatarQE 43241555.8162.502.540.831.71
AustraliaASX 139694448367.6251.173.111.401.71
TurkeyBIST 52535017466.6749.712.831.131.70
BrazilBOVESPA 58738820366.1052.322.931.241.70
SpainIBEX 26620310676.3252.222.921.241.68
TaiwanTWSE 1608104157164.7454.852.681.011.66
USAMEX 85856027565.2749.112.701.081.62
JapanFUKUOKA 65483.3380.001.600.001.60
AustraliaASX 31261983.8773.081.580.041.54
MalaysiaBURSA 41429114770.2950.522.971.471.50
JordanASE 33291587.8851.722.621.171.45
RussiaMICEX 23151065.2266.671.730.331.40
Poland GPW 40127513668.5849.452.791.411.38
UKLSE 31412169108969.0550.212.310.981.33
USNYSE 108647121353265.5549.602.290.991.31
SwedenSTOCKHOLM 22151168.1873.331.470.201.27
MexicoBMV 35422311162.9949.782.271.031.24
FrancePARIS 1591111459270.0253.142.180.971.21
RussiaMICEX 2551738467.8448.552.141.061.08
ItalyBORSA 2254158377070.2348.642.030.971.06
MexicoBMV 25191476.0073.681.320.261.05
Vietnam HNX 49361773.4747.222.531.501.03
BangladeshDSE 199847.3788.891.000.001.00
NetherlandsAMSTERDAM 62544022170.4050.231.690.730.96
UKLSE 29181362.0772.221.170.220.94
BelgiumBRUSSELS 1781255470.2243.201.951.020.94
GermanyXETRA 31292153105068.9048.701.770.870.91
DenmarkCOPENHAGEN 25171268.0070.591.060.180.88
IsraelTASE 20151275.0080.001.000.200.80
USPREFERRED 44127012261.2245.191.340.580.76
Poland GPW 1611868.7572.730.910.180.73
Greece ATHENS 94582761.7046.552.641.910.72
SwitzerlandSIX 88461926470.0242.651.590.890.70
BrazilBOVESPA 149564.2955.561.000.330.67
PhilippinesPSE 25161264.0075.000.750.130.63
IndiaNSE 128666.6775.000.880.250.63
USFOREX 21141366.6792.860.640.070.57
Greece ATHENS 139669.2366.670.780.220.56
Austria WIENERBORSE 139669.2366.670.780.220.56
FOREXFOREX 27201274.0760.000.900.350.55
Austria WIENERBORSE 53371769.8145.951.891.350.54
ThailandSET 2015675.0040.000.730.200.53
SwitzerlandSIX 64366.6775.000.750.250.50
Vietnam HOSE 96266.6733.331.000.500.50
PortugalLISBON 1510666.6760.000.700.200.50
PakistanKSE 2010450.0040.000.900.400.50
JapanTOKYO 1815983.3360.000.800.330.47
CanadaTSX 2114966.6764.290.570.140.43
South KoreaKOSDAQ 138361.5437.500.750.380.38
SpainIBEX 1511673.3354.550.640.270.36
TurkeyBIST 159560.0055.560.560.220.33
TaiwanGTSM 119481.8244.440.330.110.22
KuwaitKSE 35231065.7143.481.871.650.22
BelgiumBRUSSELS 1711664.7154.550.640.450.18
GermanyXETRA 1711664.7154.550.640.450.18
FrancePARIS 1711664.7154.550.640.450.18
ItalyBORSA 1711664.7154.550.640.450.18
NetherlandsAMSTERDAM 1711664.7154.550.640.450.18
Hong KongHKEX 129475.0044.440.330.220.11
SingaporeSGX 1310376.9230.000.300.300.00
USOTCBB 1000.000.000.000.000.00
UAEUAE 2212554.5541.670.330.330.00
NorwayOSE 1814577.7835.710.500.57-0.07
ChileBCS 1211391.6727.270.180.27-0.09
MalaysiaBURSA 157246.6728.570.140.43-0.29
ChinaSSE 1511373.3327.270.090.45-0.36
PortugalLISBON 39241661.5466.672.833.29-0.46
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.

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