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 32251778.1368.009.922.007.92
USOTC PINK 57703859218367.0756.416.001.684.32
USWARRANTS 66392559.0964.104.900.674.23
Saudi ArabiaTADAWUL 86948931256.2763.803.900.673.23
South KoreaKOSDAQ 37302405153964.6163.864.170.953.22
PortugalLISBON 1471036970.0766.993.700.653.05
IndiaNSE 73494396274659.8262.474.091.093.00
EgyptEGX 94654531557.6157.804.091.172.92
Hong KongHKEX 42442625148061.9256.324.141.232.92
IndiaBSE 118746654400256.0460.144.231.362.87
NorwayOSE 65641825463.7260.773.961.252.71
JapanSAPPORO 1310776.9270.004.101.402.70
USOTCBB 33231469.7060.875.612.912.70
USNASDAQ 112117281437165.0559.933.420.782.64
CanadaTSX-V 52535619468.0054.345.062.452.61
ChinaSZSE 55183306186859.9156.503.671.082.59
OmanMSM 90553661.1165.453.871.312.56
TaiwanGTSM 2191127078857.9662.053.330.782.55
Greece ATHENS 2541619464.9656.973.841.332.50
USAMEX 143995953866.6456.103.310.892.42
ArgentinaBUE 2531468759.6857.623.501.112.38
ChinaSSE 36082156124959.7657.933.180.922.27
BrazilBOVESPA 106565237761.4157.653.110.882.23
South KoreaKRX 38032287137260.1459.992.940.712.22
UAEUAE 164965358.5455.213.291.092.20
IndonesiaIDX 81252429364.5355.923.301.112.19
MalaysiaBURSA 149690848860.7053.743.120.942.18
IsraelTASE 122072842460.0057.922.960.832.14
TurkeyBIST 146489550361.1356.202.880.822.06
RussiaMICEX 60740723267.0557.002.800.772.02
SpainIBEX 62339625063.5663.132.700.702.00
QatarQE 1521005865.7958.002.440.501.94
SwedenSTOCKHOLM 1739107260161.6456.062.870.941.93
The World 1646131009595718461.3756.602.921.021.90
TaiwanTWSE 30711784101958.0957.122.550.651.90
CanadaTSX 56263605196164.1554.342.360.621.74
JapanFUKUOKA 41231356.1056.522.040.301.74
BelgiumBRUSSELS 53937822270.1358.732.170.461.71
AustraliaASX 2643161286861.0353.812.791.141.65
JapanTOKYO 145068487456758.5153.812.540.911.63
SingaporeSGX 88554827761.9250.552.731.111.61
ItalyBORSA 38782390124561.7352.012.150.681.47
DenmarkCOPENHAGEN 45428014561.6751.792.330.861.47
USNYSE 1847011479629662.1854.821.990.591.40
Austria WIENERBORSE 2231327359.1955.301.990.601.39
MexicoBMV 76849125863.9352.552.110.731.37
JordanASE 1951055153.8548.572.501.131.36
NetherlandsAMSTERDAM 122175040261.4353.601.920.571.35
FrancePARIS 35912175118060.5754.252.020.701.32
GermanyXETRA 57923660189763.2351.801.890.671.23
FOREXFOREX 35261874.2969.231.350.151.19
SwitzerlandSIX 1951122361362.6950.121.490.530.96
USAMEX 34251873.5372.000.840.160.68
JapanNAGOYA 128812963.2835.801.370.850.52
USPREFERRED 1928126860065.7747.320.820.310.51
Austria WIENERBORSE 2517968.0052.940.590.290.29
KuwaitKSE 196973549.4936.081.971.740.23
TurkeyBIST 26161061.5462.500.560.440.13
UKLSE 79364670258658.8655.362.302.48-0.18
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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