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 38292076.3268.979.722.557.17
USWARRANTS 72432859.7265.125.230.914.33
USOTC PINK 65164366244767.2255.875.831.644.19
South KoreaKOSDAQ 41682701171464.8563.414.080.943.14
Saudi ArabiaTADAWUL 97856236457.4664.773.740.653.10
PortugalLISBON 1661147368.6764.043.610.613.00
CanadaTSX-V 57339422369.2856.175.382.422.96
USOTCBB 37241564.8662.505.672.792.88
NorwayOSE 71545328164.4860.953.951.082.87
EgyptEGX 105759234256.0157.774.041.182.87
IndiaNSE 82204950307560.2162.133.931.062.87
Hong KongHKEX 46862869161161.2256.154.041.202.83
IndiaBSE 131987453446156.4759.864.091.342.76
JapanSAPPORO 1310776.9270.004.101.402.70
USNASDAQ 126248186490164.8459.873.360.782.59
ChinaSZSE 60663702209461.0356.563.611.042.57
TaiwanGTSM 2419139485657.6361.413.280.802.48
ArgentinaBUE 28717010259.2360.003.521.112.41
ChinaSSE 40602450142060.3457.963.170.872.30
USAMEX 1622108559966.8955.213.190.892.29
IndonesiaIDX 87957031864.8555.793.421.122.29
UAEUAE 1761055959.6656.193.351.072.29
OmanMSM 99603660.6160.003.731.532.20
IsraelTASE 138982247859.1858.152.950.862.09
South KoreaKRX 42972590151960.4158.512.750.692.06
Greece ATHENS 28518310164.2155.193.441.382.06
BrazilBOVESPA 124075443061.0556.802.920.872.05
SwedenSTOCKHOLM 2004121768060.8355.782.990.942.05
RussiaMICEX 64543925468.0657.862.770.781.99
QatarQE 1701106564.7159.092.450.461.99
TurkeyBIST 1666101356960.8056.172.750.801.95
MalaysiaBURSA 1740107055461.4951.782.860.991.87
TaiwanTWSE 34231994113358.2556.822.490.641.86
The World 1839251125466308961.2156.042.840.991.85
SpainIBEX 70544527263.1261.122.530.761.78
AustraliaASX 2928176694660.3153.572.901.131.77
BelgiumBRUSSELS 60241424168.7758.212.130.451.68
CanadaTSX 62513987214063.7853.672.300.621.68
JordanASE 2211196053.8550.422.711.131.57
JapanTOKYO 163279435499757.8152.952.460.921.55
JapanFUKUOKA 50311762.0054.841.810.321.48
DenmarkCOPENHAGEN 51032016662.7551.882.320.871.45
ItalyBORSA 44712745141861.4051.662.120.681.44
SingaporeSGX 97060229562.0649.002.581.151.42
USNYSE 2023312524683861.9054.601.970.581.38
MexicoBMV 84854228663.9252.772.120.741.38
KuwaitKSE 2411175048.5542.742.851.531.32
NetherlandsAMSTERDAM 142685944360.2451.571.850.581.27
FrancePARIS 41242447128759.3452.601.940.701.24
Austria WIENERBORSE 2501457758.0053.101.810.591.23
GermanyXETRA 66364157210962.6450.731.790.671.12
FOREXFOREX 41292170.7372.411.240.141.10
SwitzerlandSIX 2229140667363.0847.871.370.550.82
JapanNAGOYA 152903459.2137.781.460.820.63
USAMEX 42302071.4366.670.770.200.57
USPREFERRED 2091137264165.6146.720.710.310.40
TurkeyBIST 28171160.7164.710.590.410.18
Austria WIENERBORSE 2719970.3747.370.530.370.16
UKLSE 88815196278958.5153.682.202.30-0.10
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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