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.
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.
Pattern Performance in Stock Exchanges since 1/1/2014
Stock Exchange
Per Trade
Total Net%(Descending)
CanadaCSE 30241780.0070.8311.002.088.92
USOTC PINK 59573979225166.9056.495.911.664.25
USWARRANTS 70402657.1465.004.800.654.15
South KoreaKOSDAQ 38402473158164.4063.934.170.973.21
Saudi ArabiaTADAWUL 90150832856.3864.573.850.673.19
PortugalLISBON 1531067069.2866.043.780.633.15
IndiaNSE 76104558283759.8962.
EgyptEGX 98055432156.5357.944.121.192.94
Hong KongHKEX 43952704151361.5255.954.101.222.87
IndiaBSE 122646884415456.1360.344.201.352.85
USOTCBB 34231467.6560.875.742.912.83
NorwayOSE 66943426864.8761.753.981.212.77
JapanSAPPORO 1310776.9270.004.101.402.70
Greece ATHENS 2541639464.1757.673.881.332.56
USNASDAQ 117737606453164.6259.563.330.782.56
ChinaSZSE 57073436192160.2155.913.571.072.50
TaiwanGTSM 2259130080457.5561.853.300.802.50
CanadaTSX-V 53036319968.4954.825.072.582.48
ArgentinaBUE 2611549059.0058.443.471.142.33
USAMEX 149399755166.7855.273.210.912.30
IndonesiaIDX 82853629864.7355.603.411.132.27
South KoreaKRX 38992344139460.1259.472.910.712.20
OmanMSM 93573561.2961.403.681.512.18
ChinaSSE 37852235126759.0556.693.070.922.15
IsraelTASE 125474643459.7357.942.960.852.11
BrazilBOVESPA 112869339661.4457.142.990.882.11
UAEUAE 1701015559.4154.463.201.112.09
MalaysiaBURSA 155495350261.3352.683.020.952.06
QatarQE 1581036165.1959.222.530.492.05
TurkeyBIST 154194352661.1955.782.840.842.01
SpainIBEX 65341225763.0962.382.640.701.94
SwedenSTOCKHOLM 1822111762061.3155.512.860.951.91
RussiaMICEX 60341223068.3355.832.690.791.91
The World 1703851040635856161.0956.262.881.011.87
TaiwanTWSE 31951834103757.4056.542.490.651.85
BelgiumBRUSSELS 55838622669.1858.552.170.461.72
CanadaTSX 58163718201063.9354.062.320.621.70
AustraliaASX 2720165888560.9653.382.841.171.68
JapanTOKYO 149798742468558.3653.592.500.911.59
JapanFUKUOKA 44261559.0957.691.810.311.50
DenmarkCOPENHAGEN 47029215062.1351.372.320.871.46
ItalyBORSA 40372464128061.2351.782.130.681.45
MexicoBMV 78549726263.3152.722.170.731.44
SingaporeSGX 90256127462.2048.842.641.211.43
JordanASE 2031095453.6949.542.541.131.41
USNYSE 1888511666638761.7754.751.990.591.40
FrancePARIS 37682244120459.5553.652.010.701.30
Austria WIENERBORSE 2341377558.5554.741.890.591.30
NetherlandsAMSTERDAM 130078140760.0852.111.870.581.30
GermanyXETRA 60503775193162.4051.151.850.671.18
FOREXFOREX 39282071.7971.431.290.141.14
SwitzerlandSIX 2038127162162.3748.861.420.530.89
KuwaitKSE 2201084349.0939.812.441.610.82
USAMEX 35261874.2969.230.810.150.65
JapanNAGOYA 136843061.7635.711.330.850.49
USPREFERRED 1964129961366.1447.190.770.310.46
Austria WIENERBORSE 2618969.2350.000.560.330.22
TurkeyBIST 26161061.5462.500.560.440.13
UKLSE 82084795260858.4254.392.232.44-0.21
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© family websites
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