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 1/1/2016
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
CanadaCSE 2011319366.1769.9210.342.847.50
USOTCBB 106460.0066.676.831.335.50
PakistanKSE 177892554152.0258.494.381.283.10
Poland GPW 139293053566.9557.403.690.992.70
JapanSAPPORO 1310776.9270.004.101.402.70
KuwaitKSE 30318210560.0757.693.741.052.69
Vietnam HNX 33220712162.3558.453.971.402.57
CanadaTSX-V 87262434571.5655.295.522.992.53
IndiaBSE 121747214404159.2756.003.941.412.53
IndiaNSE 84355223294462.0056.293.691.182.51
EgyptEGX 97458531960.0654.533.851.392.46
South KoreaKOSDAQ 44342958170166.7657.473.631.172.46
USOTC PINK 79275308257267.1348.344.962.562.41
IndonesiaIDX 92159934165.0456.933.551.222.34
ChileBCS 36241566.6762.502.830.502.33
UAEUAE 1521035667.7654.373.010.792.22
ArgentinaBUE 41824814659.8158.403.241.102.14
TurkeyBIST 1843117564363.7554.723.121.022.10
QatarQE 1641055964.6355.662.740.732.01
Hong KongHKEX 48963065155762.6650.753.271.291.99
SwedenSTOCKHOLM 2645167886963.4451.793.131.181.95
USWARRANTS 2313856.5261.542.921.081.85
USNASDAQ 146749452475264.5550.172.871.131.73
Saudi ArabiaTADAWUL 104766437463.4256.332.590.871.72
ChinaSZSE 71954607235764.0351.162.991.281.72
IsraelTASE 1777105756459.4853.362.731.021.71
MalaysiaBURSA 1792116459164.9650.772.911.211.70
PhilippinesPSE 59040022167.8055.252.691.021.67
JordanASE 151803852.9847.503.031.361.66
Vietnam HOSE 128276540959.6753.463.121.501.62
BangladeshDSE 114172839663.8054.402.771.271.50
TaiwanGTSM 2630157582059.8952.062.481.021.46
The World 2147621345266679562.6749.632.491.071.42
NorwayOSE 75647824963.2352.093.221.811.41
ChinaSSE 51533350165765.0149.462.461.081.39
PortugalLISBON 151984564.9045.922.150.851.31
SpainIBEX 71547523166.4348.632.220.941.28
ChileBCS 48332268.7566.671.450.181.27
South KoreaKRX 51883111158660.0050.952.100.881.21
USAMEX 2350148666063.2344.412.170.971.20
JapanTOKYO 1816910861532459.7749.022.291.101.19
ThailandSET 1913118556461.9447.592.251.071.18
SingaporeSGX 3217953.1352.941.290.121.18
UKLSE 52302057.6966.671.330.201.13
Greece ATHENS 3041969164.4746.432.531.421.10
BrazilBOVESPA 1601100145162.7744.882.271.171.09
TaiwanTWSE 38972399118161.5649.231.930.851.08
BelgiumBRUSSELS 51732815763.4447.871.730.651.08
RussiaMICEX 40331882.5054.551.580.521.06
JapanNAGOYA 1671104665.8741.822.020.961.05
IsraelTASE 41302173.1770.001.070.071.00
SwitzerlandSIX 44311970.4561.291.260.290.97
RussiaMICEX 81453826166.3448.331.981.010.96
DenmarkCOPENHAGEN 52133915765.0746.312.001.040.96
UAEUAE 54372868.5275.681.110.160.95
USNYSE 2382514959695362.8246.461.740.800.94
IndiaNSE 46311967.3961.291.130.190.94
CanadaTSX 69114394206763.5847.041.790.860.93
UKLSE 102906215283760.4145.641.810.890.92
AustraliaASX 37802352107262.2245.582.391.470.91
FrancePARIS 45212823132162.4446.791.730.830.91
FOREXFOREX 67422562.6959.521.140.260.88
ItalyBORSA 55713520161863.1845.971.710.860.85
Vietnam HOSE 68452766.1860.000.930.130.80
TaiwanGTSM 41342382.9367.650.940.150.79
MexicoBMV 58372163.7956.761.080.300.78
MexicoBMV 95961829064.4446.931.801.030.78
ArgentinaBUE 44321972.7359.381.190.440.75
OmanMSM 67391858.2146.152.331.590.74
GermanyXETRA 77194924221863.8245.031.460.750.71
NetherlandsAMSTERDAM 45352177.7860.000.910.260.66
BelgiumBRUSSELS 45352177.7860.000.910.260.66
GermanyXETRA 45352177.7860.000.910.260.66
Hong KongHKEX 35231665.7169.570.830.170.65
JapanTOKYO 43281765.1260.711.000.360.64
PortugalLISBON 46352176.0960.000.890.260.63
Poland GPW 57402270.1855.000.930.300.63
Austria WIENERBORSE 2501526960.8045.391.410.800.62
DenmarkCOPENHAGEN 59412769.4965.850.830.220.61
NorwayOSE 43332176.7463.640.970.360.61
SpainIBEX 48352172.9260.000.860.260.60
ItalyBORSA 46362178.2658.330.890.330.56
FrancePARIS 46362178.2658.330.890.330.56
ChinaSSE 44331975.0057.580.700.150.55
PhilippinesPSE 61392463.9361.540.690.150.54
USFOREX 58362362.0763.890.780.280.50
MalaysiaBURSA 65472572.3153.190.660.170.49
Austria WIENERBORSE 45352077.7857.140.800.340.46
Greece ATHENS 45352077.7857.140.800.340.46
IndonesiaIDX 40271567.5055.560.630.190.44
BrazilBOVESPA 52271551.9255.560.850.410.44
SingaporeSGX 76347118661.7339.491.701.270.44
SwitzerlandSIX 2642166770063.1041.991.140.710.43
NetherlandsAMSTERDAM 1702105945762.2243.151.220.790.42
PakistanKSE 58452477.5953.330.670.290.38
South KoreaKOSDAQ 30221373.3359.090.770.410.36
SwedenSTOCKHOLM 71411857.7543.900.560.220.34
AustraliaASX 59472579.6653.190.600.260.34
CanadaTSX 37261670.2761.540.650.350.31
BangladeshDSE 37321986.4959.380.500.220.28
TurkeyBIST 47331570.2145.450.670.480.18
ThailandSET 53422379.2554.760.380.210.17
USPREFERRED 1751117345166.9938.450.630.480.16
JapanFUKUOKA 59361561.0241.670.472.00-1.53
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

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.

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