BEARISH DOJI 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 DOJI STAR
Definition
This pattern appears in an uptrend and warns that the trend will change. It consists of a white candlestick and a Doji with a gap up at the opening. If the Doji is in the form of an Umbrella the pattern is called “Bearish Dragonfly Doji”. In case of an Inverted Umbrella it is called “Bearish Gravestone Doji”. Here, all these patterns are subsumed under the name: “Bearish Doji Star”, regardless of the shape of the Doji.
Recognition Criteria
1. The market is characterized by a prevailing uptrend.
2. On the first day a white candlestick is observed.
3. Then, we see a Doji on the second day that gaps up.
Pattern Requirements and Flexibility
The Bearish Doji Star should start with a normal or long white candlestick. It must continue with a Doji gapping up.
Trader’s Behavior
The market is in an uptrend and a strong white candlestick further confirms it. The next day opens higher with a gap up, and the trading is in a small range. The day closes at the opening price, leading to the formation of a Doji. Bulls were in control during the uptrend but now a change is implied by the appearance of a Doji star, which shows that the bulls and the bears are in equilibrium. The upward energy is dissipating. Things are not favorable for the continuation of a bull market.
Sell/Stop Loss Levels
The confirmation level is defined as the midpoint of the gap between the Doji and the previous candlestick. 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 1/1/2014
Country
Stock Exchange
Website
Patterns
Total
Confirmed
Total
Profitable
Signals
Confirmation
%
Profitable
Signal%
Per Trade
Samples
Profit%
Loss%
Total Net%(Descending)
CanadaCSE 33241772.7370.8311.002.088.92
USWARRANTS 72412756.9465.854.980.634.34
USOTC PINK 62254155234366.8856.285.881.654.23
South KoreaKOSDAQ 40002583165064.5863.884.170.943.23
Saudi ArabiaTADAWUL 92351933656.2364.743.860.653.21
PortugalLISBON 1581117170.2563.963.660.623.04
USOTCBB 37251667.5764.005.602.682.92
IndiaNSE 78324719293960.2562.283.981.072.91
NorwayOSE 68544427664.9662.024.051.172.87
CanadaTSX-V 54837821368.9856.355.342.482.86
Hong KongHKEX 45482794156461.4355.984.061.212.84
IndiaBSE 126167127429256.4960.224.171.342.83
EgyptEGX 102957533055.8857.394.021.202.82
JapanSAPPORO 1310776.9270.004.101.402.70
USNASDAQ 121657891470264.9759.503.320.782.55
TaiwanGTSM 2330133982857.4761.843.290.812.48
ArgentinaBUE 2691599559.1159.753.571.102.47
Greece ATHENS 2611679663.9857.493.741.302.44
ChinaSZSE 58713577200360.9356.003.451.062.40
USAMEX 1559104157466.7755.143.260.922.34
South KoreaKRX 40842470146860.4859.432.880.702.18
IndonesiaIDX 85455430764.8755.423.291.112.18
ChinaSSE 39102353135160.1857.423.050.892.16
UAEUAE 1721035659.8854.373.241.092.16
OmanMSM 94573460.6459.653.671.532.14
IsraelTASE 131178246059.8858.602.980.842.14
BrazilBOVESPA 116871841461.6457.503.000.882.12
QatarQE 1651076464.8559.812.510.482.04
TurkeyBIST 159597954861.3855.982.820.822.01
SwedenSTOCKHOLM 1888116465361.6556.102.930.931.99
MalaysiaBURSA 1644100552761.1352.442.950.971.98
RussiaMICEX 61642523968.9956.242.680.781.90
The World 1765151082006083761.3256.212.851.001.85
TaiwanTWSE 33001912108257.9456.592.480.651.83
SpainIBEX 68043326663.6861.432.540.731.81
AustraliaASX 2837171491660.4253.442.941.171.77
BelgiumBRUSSELS 58140123569.0258.602.170.451.72
CanadaTSX 60423864207864.0053.742.320.621.70
JapanTOKYO 155069094484558.6553.282.460.911.55
DenmarkCOPENHAGEN 49330716062.2752.122.360.861.50
JordanASE 2101135653.8149.562.631.161.47
MexicoBMV 81051727263.8352.612.180.731.45
SingaporeSGX 93357828261.9548.792.591.181.41
ItalyBORSA 42342591134261.3851.642.090.681.41
USNYSE 1956512115663161.9254.731.980.591.39
JapanFUKUOKA 47281559.5753.571.680.361.32
NetherlandsAMSTERDAM 136282243060.3552.311.880.591.29
Austria WIENERBORSE 2391407758.5855.001.880.591.29
FrancePARIS 39322342124959.5953.311.970.701.27
KuwaitKSE 2341144748.7241.232.691.541.16
FOREXFOREX 40282070.0071.431.290.141.14
GermanyXETRA 63213967203062.7651.171.810.671.14
SwitzerlandSIX 2130133464562.6348.351.410.550.86
JapanNAGOYA 143883461.5438.641.450.810.65
USAMEX 37271872.9766.670.780.220.56
USPREFERRED 2024133362265.8646.660.720.310.41
Austria WIENERBORSE 2618969.2350.000.560.330.22
TurkeyBIST 26161061.5462.500.560.440.13
UKLSE 85284975269958.3454.252.222.38-0.15
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
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