BEARISH DOJI STAR
The chart showing Series 1 series.
To evaluate the performance of the pattern in your stock exchange within the context of other global markets, please refer to the table below. Locate your stock market to see its ranking among others. This will provide insights into the pattern’s strength and reliability, aiding you in your buying and selling decisions.
BEARISH DOJI STAR
Definition
This pattern appears in an uptrend and signals a potential trend reversal. It consists of a white candlestick and a Doji with a gap up at the opening. If the Doji resembles an Umbrella, the pattern is called a "Bearish Dragonfly Doji". If it resembles an Inverted Umbrella, it is called a "Bearish Gravestone Doji". Regardless of the Doji’s shape, these patterns are collectively referred to as "Bearish Doji Star".
Recognition Criteria
1. The market is currently defined by a dominant upward trend.
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 pattern begins with a normal or long white candlestick. It must then continue with a Doji that gaps up.
Trader’s Behavior
The market is in an uptrend, further confirmed by a strong white candlestick. The next day opens higher with a gap up, and trading occurs within a small range. The day closes at the opening price, forming a Doji. While bulls were in control during the uptrend, the appearance of a Doji star now suggests a shift towards equilibrium between bulls and bears. The upward momentum is waning, indicating unfavorable conditions for the continuation of the 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 rise instead of falling and either close above or make two consecutive daily highs above the stop-loss level, without detecting any bullish pattern, the stop-loss is triggered.
Title
Pattern Performance in Stock Exchanges since 1/1/2022
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
CanadaCSE 45931820171.6861.099.622.946.67
CanadaTSXV 1820119868467.8055.436.302.343.97
IndonesiaIDX 2308142879363.2654.324.281.253.03
Vietnam HNX 78142623255.7053.334.441.453.00
BangladeshDSE 1799109766162.7658.553.991.262.73
USOTC MARKETS 142688810445965.8547.465.092.442.66
SwedenOMX STOCKHOLM 51303188174164.3952.713.911.342.57
Hong KongHKEX 85425217283962.9752.783.881.402.47
South KoreaKOSDAQ 91475605308363.0853.433.871.462.41
USNASDAQ 2892817757912964.2249.143.661.362.30
ChinaSZSE 1862110728600059.7353.943.281.042.25
DenmarkOMX COPENHAGEN 94558530364.2349.923.131.092.04
NorwayOSE 2065127965665.9148.203.361.352.01
TurkeyBIST 56123018154555.2449.843.761.752.01
ChinaSSE 166949893543161.2053.162.940.942.00
ChileBCS 51328216055.9555.752.890.951.94
JordanASE 174854850.0055.172.800.861.93
Poland GPW 28461879101668.5552.083.311.391.92
JapanFSE 91522358.2443.402.520.611.92
Vietnam HOSE 2998155881053.5050.502.951.191.76
MalaysiaBURSA MALAYSIA 33062073105163.8549.793.251.491.76
IndiaNSE 2255612318661856.3252.093.161.411.75
IndiaBSE 3222016067857151.6051.553.381.641.74
PakistanPSX 2782155082358.2350.803.181.481.70
ThailandSET 43972644132461.2249.182.861.171.69
PhilippinesPSE 93359031365.2751.402.721.051.67
IsraelTASE 61843392168257.4547.342.580.981.61
Saudi ArabiaTADAWUL 2056119164959.7352.852.470.891.58
TaiwanTPEx 63203468184756.4151.812.611.041.57
South KoreaKRX 111706086309056.4149.042.460.901.57
UAEDFM-ADX 40423912260.6449.802.591.091.50
The WorldWORLD MARKETS 47902727481013671560.4247.232.621.131.49
EgyptEGX 170091747854.7651.343.261.811.45
TaiwanTWSE 92725039260655.8150.362.330.921.41
BrazilBOVESPA 62993799184963.6346.132.370.961.41
SpainBME 124674539062.2050.322.280.941.34
MexicoBMV 2228139764266.0243.642.741.401.34
Austria WIENERBÖRSE 107861229858.7247.082.501.231.27
PortugalLISBON 2231246557.4050.782.040.771.27
AustraliaASX 86045188245162.9645.252.811.571.24
JapanNSE 2251286760.4449.262.000.771.23
JapanTSE 3250219118948261.3247.582.241.021.21
FrancePARIS 79044642220961.7245.282.010.811.21
QatarQE 31718010358.9955.081.810.671.14
CanadaTSX 145108052370158.3643.712.090.971.11
BelgiumBRUSSELS 70042820763.1446.831.980.871.11
SingaporeSGX 123573833461.3844.062.331.251.08
USNYSE 47763277841300361.5544.231.940.901.04
UKLSE 2386313783615061.4441.952.071.071.00
KuwaitBOURSA KUWAIT 78649623564.6346.261.971.000.97
Greece ATHEX 79948224063.3347.432.161.210.95
USAMEX 81364559190160.4138.681.730.870.86
GermanyXETRA 2382613442595459.7941.801.500.780.71
ItalyMILAN 137497966343061.7940.371.570.910.66
NetherlandsAMSTERDAM 3963226999461.5240.771.460.820.64
SwitzerlandSIX 67453922167162.0639.921.450.810.64
ArgentinaBCBA 177199544060.4241.122.462.170.29
Patterns Total: The number of occurrences of this particular pattern during the specified period.
Confirmed Total: The number of detected patterns that were confirmed and converted into signals.
Profitable Signals: The number of confirmed patterns that resulted in profitable trades.
Confirmation %: The percentage of confirmed patterns relative to the total occurrences of this pattern.
Profitable Signal %: The percentage of successful confirmed patterns relative to the total confirmed patterns.
Per Trade Profit %: Total Profits divided by Total Trades.
Per Trade Loss %: Total Losses divided by Total Trades.
Per Trade Net%: (Total Profits minus Total Losses) divided by the Total Number of Trades.
Samples: Live sample ticker symbols from stock exchanges, with links to the related bulls.com© family websites’ stock pages.

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.

Candlesticker.com is an independent and free website and all the Services provided by Americanbulls.com LLC at Candlesticker.com are completely free of charge. Americanbulls.com LLC does not receive compensation by any direct or indirect means from the visitors and users of this website (or of any other bulls.com© family websites), and from the stocks, securities and other institutions or any underwriters or dealers associated with the broader national or international forex, commodity and stock markets.

You agree that Candlesticker.com and Americanbulls.com LLC its parent company, subsidiaries, affiliates, officers and employees shall not be liable for any direct, indirect, incidental, special or consequential damages.