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 50342372.0063.8910.391.758.64
USWARRANTS 222100.00100.004.000.004.00
CanadaTSX-V 2041468271.5756.166.842.863.98
EgyptEGX 40330419075.4362.504.751.203.55
PhilippinesPSE 133874865.4155.173.890.723.16
USOTC PINK 2028139373069.3851.884.941.823.12
JapanNAGOYA 308626.6775.003.380.383.00
South KoreaKOSDAQ 1715124377272.4862.114.211.342.88
ChileBCS 96266.6733.336.333.502.83
IndonesiaIDX 26919111771.0061.263.841.042.80
ArgentinaBUE 81472958.0261.703.640.892.74
IndiaNSE 27141979115973.1058.423.851.162.68
ChinaSZSE 35802334123965.2053.084.221.592.63
Saudi ArabiaTADAWUL 38426816169.7960.073.460.842.62
PakistanKSE 40529717073.3357.244.071.492.58
IndiaBSE 33422429137672.6856.653.971.412.56
ThailandSET 38425613766.6753.523.400.842.56
ChinaSSE 2420157985265.2553.963.791.352.44
Hong KongHKEX 1720118562668.9052.833.801.372.43
QatarQE 38201352.6365.002.700.452.25
NorwayOSE 2351518264.2654.303.171.002.17
BangladeshDSE 43833119375.5758.313.211.072.14
USNASDAQ 58693852201465.7052.233.241.162.08
TaiwanGTSM 76554230770.8556.642.810.891.92
Austria WIENERBORSE 77613379.2254.102.510.621.89
SwedenSTOCKHOLM 79251829365.4056.563.031.171.86
South KoreaKRX 1906130572368.4755.402.750.951.80
IsraelTASE 41329117170.4658.762.921.131.80
The World 75405511832735567.9153.422.791.071.72
Vietnam HOSE 2311618369.7051.553.041.331.71
SingaporeSGX 1871206964.1757.502.650.941.71
DenmarkCOPENHAGEN 1691187269.8261.022.430.751.69
MalaysiaBURSA 36625913370.7751.353.031.351.68
TurkeyBIST 46631215566.9549.682.741.061.68
IndonesiaIDX 148657.1475.001.630.001.63
JapanTOKYO 73294970276667.8155.652.721.101.62
Poland GPW 34224412371.3550.412.721.111.61
CanadaTSX 2190143777165.6253.652.480.891.59
UKLSE 22121054.5583.331.670.081.58
AustraliaASX 121282442967.9952.062.651.081.58
Vietnam HNX 52391975.0048.722.951.411.54
JordanASE 32281487.5050.002.711.211.50
AustraliaASX 29241882.7675.001.500.041.46
RussiaMICEX 2114966.6764.291.790.361.43
SwedenSTOCKHOLM 19131068.4276.921.620.231.38
USAMEX 76049224064.7448.782.341.031.31
TaiwanTWSE 140191749065.4553.442.301.011.29
BangladeshDSE 177641.1885.711.290.001.29
MexicoBMV 3031949564.0348.972.100.911.19
FrancePARIS 1413100654671.2054.271.990.831.16
BrazilBOVESPA 49832216264.6650.312.401.251.14
USNYSE 101116619329665.4649.802.060.931.14
SpainIBEX 2391809275.3151.112.371.271.10
Poland GPW 127658.3385.711.000.001.00
NetherlandsAMSTERDAM 54238720371.4052.451.610.650.97
ItalyBORSA 1920134567370.0550.041.860.910.94
RussiaMICEX 2291597569.4347.172.041.110.93
IsraelTASE 18131172.2284.621.080.150.92
GermanyXETRA 2642185194070.1050.761.690.790.90
MexicoBMV 21161176.1968.751.190.310.88
UKLSE 2717188894069.4949.791.780.930.85
DenmarkCOPENHAGEN 2012960.0075.001.000.170.83
BelgiumBRUSSELS 1651185171.5243.221.791.000.79
ThailandSET 1813572.2238.460.850.080.77
South KoreaKOSDAQ 127358.3342.860.860.140.71
BrazilBOVESPA 139569.2355.561.000.330.67
IndiaNSE 106560.0083.330.830.170.67
USPREFERRED 3712249860.3843.751.060.400.66
PakistanKSE 168350.0037.501.130.500.63
USFOREX 19131268.4292.310.690.080.62
PhilippinesPSE 23151165.2273.330.730.130.60
JapanTOKYO 1714982.3564.290.860.290.57
SwitzerlandSIX 77154724270.9544.241.280.750.53
Vietnam HOSE 96266.6733.331.000.500.50
JapanFUKUOKA 54380.0075.000.500.000.50
FOREXFOREX 26191173.0857.890.840.370.47
CanadaTSX 2114966.6764.290.570.140.43
Greece ATHENS 128566.6762.500.630.250.38
Austria WIENERBORSE 128566.6762.500.630.250.38
PortugalLISBON 149564.2955.560.560.220.33
TurkeyBIST 149564.2955.560.560.220.33
Greece ATHENS 91572562.6443.862.302.020.28
TaiwanGTSM 98388.8937.500.380.130.25
SpainIBEX 1410571.4350.000.500.300.20
Hong KongHKEX 107470.0057.140.430.290.14
SingaporeSGX 129375.0033.330.330.220.11
UAEUAE 2111552.3845.450.360.360.00
NetherlandsAMSTERDAM 1510566.6750.000.500.500.00
ItalyBORSA 1510566.6750.000.500.500.00
SwitzerlandSIX 53260.0066.670.330.330.00
BelgiumBRUSSELS 1510566.6750.000.500.500.00
GermanyXETRA 1510566.6750.000.500.500.00
FrancePARIS 1510566.6750.000.500.500.00
USOTCBB 1000.000.000.000.000.00
UAEUAE 60401866.6745.001.181.20-0.03
NorwayOSE 1714582.3535.710.500.57-0.07
ChileBCS 109290.0022.220.110.33-0.22
MalaysiaBURSA 147250.0028.570.140.43-0.29
ChinaSSE 1310376.9230.000.100.40-0.30
JapanSAPPORO 43275.0066.670.671.33-0.67
PortugalLISBON 35221562.8668.182.773.50-0.73
KuwaitKSE 2917758.6241.181.121.88-0.76
ArgentinaBUE 127358.3342.860.431.71-1.29
OmanMSM 43075.000.000.005.33-5.33
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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