Candlesticker, BEARISH SHOOTING STAR PATTERN.

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INTRODUCTION

BASIC CANDLESTICKS

http://www.candlesticker.com/Pattern.aspx?lang=en&Pattern=2204

BULLISH PATTERNS

BEARISH PATTERNS

BEARISH SHOOTING STAR

Definition

This pattern consists of a white body followed by an Inverted Hammer that is characterized by a long upper
shadow and a small body. It is similar in shape to the Bullish Inverted Hammer pattern but unlike it, the Shooting
Star appears in an uptrend and signals a bearish reversal.
Recognition Criteria

1. The market is characterized by a prevailing uptrend.

2. The first day of the pattern is a white candlestick.

3. On the second day, a small body at the lower end of the trading range is observed. Color of this body is not
important.

4. The upper shadow of this second candlestick should be at least twice as long as the body.
5. There is (almost) no lower shadow.
Pattern Requirements and Flexibility
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 patterns strength
and reliability and help you in your selling decisions.

The body of the Inverted Hammer should be small. The upper shadow must be at least twice as long as the body

but not shorter than an average candlestick length. It is desired that there is no or a very tiny lower shadow. The
top of the Inverted Hammers body should be higher than the preceding candlesticks body.
Traders Behavior

The pattern occurs in a bullish background and the white candlestick that appears on the first day further supports
the bullishness. On the second day, in which an Inverted Hammer is seen, market opens at or near its low. Then
prices change direction and we see a rally. However, the bulls do not succeed in sustaining the rally during the rest

of the day and prices finally close either at or near the low of the day. Certainly, this will cause some concern to
any bulls holding profitable positions.
Sell/Stop Loss Levels

The confirmation level is defined as the low of the Inverted Hammers body. Prices should cross below this level for
confirmation.

The stop loss level is defined as the last high. 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 1/1/2013

Patterns
Total

Confirmed
Total

Profitable
Signals

Confirmation
%

Profitable
Signal%

Profit%

Per Trade

Country

Stock Exchange

Website

Loss%

Total Net%

Samples

US

OTCBB

Americanbulls

10

60.00

66.67

9.83

1.50

8.33

Jordan

ASE

Middleeastbulls

20

15

12

75.00

80.00

4.60

0.13

4.47

US

OTC PINK

Americanbulls

1168

727

424

62.24

58.32

5.66

1.60

4.06

Kuwait

KSE

Middleeastbulls

12

33.33

75.00

5.00

1.25

3.75

Hong Kong

HKEX

HongKongbulls

893

560

335

62.71

59.82

4.72

1.08

3.65

Brazil

BOVESPA

Brasilbulls

249

156

109

62.65

69.87

4.10

0.54

3.55

Indonesia

IDX

Indonesianbulls

257

159

106

61.87

66.67

4.05

0.62

3.43

Singapore

SGX

Singaporebulls

173

108

56

62.43

51.85

4.41

1.10

3.31

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http://www.candlesticker.com/Pattern.aspx?lang=en&Pattern=2204

Canada

TSX-V

Canadabulls

90

48

25

53.33

52.08

5.65

2.44

3.21

China

SSE

Chinesebulls

769

433

263

56.31

60.74

4.06

0.96

3.10

US

AMEX

Americanbulls

267

158

104

59.55

65.41

4.16

1.08

3.08

Saudi Arabia

TADAWUL

Middleeastbulls

258

154

102

59.69

66.23

3.49

0.42

3.07

South Korea

KOSDAQ

Koreanbulls

787

500

327

63.53

65.40

3.99

0.99

3.00

Taiwan

GTSM

Taiwanesebulls

951

655

413

68.87

63.05

3.70

0.76

2.94

Japan

NAGOYA

Japanesebulls

22

13

59.09

69.23

3.08

0.15

2.92

US

NASDAQ

Americanbulls

2344

1419

886

60.54

62.44

3.72

0.85

2.88

Austria

WIENERBORSE

Austrianbulls

25

15

11

60.00

73.33

3.27

0.40

2.87

Oman

MSM

Middleeastbulls

66.67

100.00

2.83

0.00

2.83

India

BSE

Hindustanbulls

1903

1221

757

64.16

62.00

3.98

1.21

2.76

India

NSE

Hindustanbulls

1262

816

510

64.66

62.50

3.79

1.13

2.66

UAE

UAE

Middleeastbulls

50

31

19

62.00

61.29

3.13

0.52

2.61

UK

LSE

Britishbulls

1532

812

486

53.00

59.85

3.27

0.69

2.58

Belgium

BRUSSELS

Belgianbulls

85

47

28

55.29

59.57

3.06

0.53

2.53

China

SZSE

Chinesebulls

1411

824

486

58.40

58.98

3.60

1.21

2.40

South Korea

KRX

Koreanbulls

690

405

231

58.70

57.04

3.20

0.83

2.37

Australia

ASX

Aussiebulls

588

375

209

63.78

55.73

3.51

1.17

2.34

Malaysia

BURSA

Malaysianbulls

462

288

171

62.34

59.38

3.32

1.02

2.30

Denmark

COPENHAGEN

Danskbulls

99

54

37

54.55

68.52

2.83

0.57

2.26

34299

20783

12339

60.60

59.36

3.13

0.87

2.26

The World
Israel

TASE

Israelibulls

335

185

110

55.22

59.46

3.02

0.80

2.22

Norway

OSE

Norskbulls

172

102

56

59.30

54.90

3.53

1.36

2.17

Japan

TOKYO

Japanesebulls

2672

1539

885

57.60

57.50

3.14

0.98

2.17

Turkey

BIST

Turkishbulls

496

337

211

67.94

62.61

3.12

0.96

2.16

Greece

ATHENS

Greecebulls

47

26

13

57.45

48.15

3.19

1.11

2.07

Egypt

EGX

Middleeastbulls

71

41

20

57.75

48.78

3.27

1.20

2.07

Taiwan

TWSE

Taiwanesebulls

1162

775

463

66.70

59.74

2.69

0.70

1.99

Qatar

QE

Middleeastbulls

51

24

14

47.06

58.33

2.46

0.50

1.96

Sweden

STOCKHOLM

Swedishbulls

387

216

129

55.81

59.72

2.66

0.80

1.86

Italy

BORSA

Italianbulls

810

514

289

63.46

56.23

2.59

0.73

1.86

US

WARRANTS

Americanbulls

27

16

10

59.26

62.50

2.50

0.69

1.81

France

PARIS

Francaisbulls

664

378

224

56.93

59.26

2.39

0.61

1.78

Russia

MICEX

Russianbulls

151

83

55

54.97

66.27

2.71

1.01

1.70

US

NYSE

Americanbulls

3735

2322

1318

62.17

56.76

2.25

0.65

1.60

VILR

PWZ

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Canada

TSX

Canadabulls

US

AMEX

Americanbulls

Portugal

LISBON

Portuguesebulls

Netherlands

AMSTERDAM

Dutchbulls

Argentina

BUE

Argentinianbulls

Germany

XETRA

Deutschebulls

FOREX

FOREX

Mexico

BMV

Switzerland

http://www.candlesticker.com/Pattern.aspx?lang=en&Pattern=2204

1274

747

414

58.63

55.42

2.17

0.74

1.43

62.50

100.00

1.40

0.00

1.40

47

22

15

46.81

68.18

2.09

0.73

1.36

186

126

67

67.74

53.17

1.86

0.54

1.32

53

34

17

64.15

50.00

2.53

1.32

1.21

1161

729

383

62.79

52.54

1.81

0.75

1.05

40.00

50.00

1.00

0.00

1.00

Mexicanobulls

164

112

66

68.29

58.93

1.95

1.00

0.95

SIX

Swissbulls

360

197

101

54.72

51.27

1.54

0.78

0.76

Spain

IBEX

Espanolbulls

103

64

39

62.14

60.94

2.56

1.86

0.70

US

PREFERRED

Americanbulls

354

195

101

55.08

51.79

0.96

0.28

0.69

Japan

FUKUOKA

Japanesebulls

0.00

0.00

0.00

0.00

0.00

Canada

CSE

Canadabulls

0.00

0.00

0.00

0.00

0.00

Turkey

BIST

Turkishbulls

57.14

25.00

0.00

0.50

-0.50

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 ProfitsTotal 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

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