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 22515010868.0070.5911.252.488.77
USOTCBB 106460.0066.676.831.335.50
PakistanKSE 188297557151.8158.564.401.303.09
CanadaTSX-V 90966237372.9456.265.802.832.97
JapanSAPPORO 1310776.9270.004.101.402.70
Poland GPW 145296656166.6757.953.660.972.69
IndiaBSE 129287646431159.1756.364.071.402.68
KuwaitKSE 34421112161.3457.353.701.042.65
IndiaNSE 90045541315061.5956.803.821.182.64
USOTC PINK 87145843289267.4249.235.132.502.63
South KoreaKOSDAQ 47973179181866.3357.133.681.162.52
EgyptEGX 104462333959.6754.413.861.382.48
Vietnam HNX 33220512161.7559.023.841.372.47
USWARRANTS 148557.1462.503.631.252.38
ArgentinaBUE 44025014858.1857.813.361.112.25
ChileBCS 36261672.2261.542.690.462.23
UAEUAE 1641095966.4654.133.050.822.23
IndonesiaIDX 100565536765.1756.033.491.262.23
TurkeyBIST 2030129570263.7954.213.081.052.03
Hong KongHKEX 52893319170162.8351.193.301.282.02
QatarQE 1801136262.7854.872.680.731.95
SwedenSTOCKHOLM 2911185596363.7251.913.101.181.92
USNASDAQ 1608510309518064.3850.022.891.121.77
ChinaSZSE 80425125262163.7351.142.981.261.71
Saudi ArabiaTADAWUL 111270239363.4955.672.550.861.69
BangladeshDSE 122678844164.2755.962.931.241.69
JordanASE 154824153.2550.003.051.381.67
IsraelTASE 1920113359759.0152.692.711.061.66
MalaysiaBURSA 1926125863065.3250.082.851.231.63
Vietnam HOSE 136681943959.9653.603.071.461.62
NorwayOSE 81151726764.1251.353.011.391.61
PhilippinesPSE 66545524868.4254.512.631.031.60
The World 2341101465757296662.6849.722.501.051.45
ChinaSSE 57853725187164.3950.232.501.061.44
TaiwanGTSM 2916175392560.1252.772.421.001.43
ThailandSET 2090131163262.7348.212.351.041.31
USAMEX 2633165274462.7445.042.250.961.29
SpainIBEX 76751125166.6249.122.220.961.26
PortugalLISBON 1651064964.2446.232.060.801.25
BelgiumBRUSSELS 54434716863.7948.411.880.641.24
JapanTOKYO 2000511927584059.6248.962.301.091.21
South KoreaKRX 56523370171059.7050.682.080.881.21
DenmarkCOPENHAGEN 56636716964.8446.052.171.031.14
Greece ATHENS 32821510365.5547.912.491.391.11
TaiwanTWSE 43592674131161.3449.031.950.841.10
ChileBCS 56402571.4362.501.300.201.10
BrazilBOVESPA 1761110649263.1544.242.181.131.05
RussiaMICEX 43341879.0752.941.530.501.03
CanadaTSX 76164818225963.2946.871.810.860.95
USNYSE 2617816362760762.5446.461.740.800.94
UKLSE 58342158.6261.761.180.240.94
IsraelTASE 43322274.4268.751.000.060.94
UKLSE 111616802316161.0446.401.790.860.93
SwitzerlandSIX 47342072.3458.821.180.290.88
FrancePARIS 48953100147863.4347.601.680.810.88
RussiaMICEX 90559728766.4147.751.941.070.88
JapanNAGOYA 1691114665.6841.441.961.090.87
AustraliaASX 41732590117262.1145.222.341.470.87
SingaporeSGX 38221157.8950.001.140.270.86
UAEUAE 59413069.4973.171.000.150.85
MexicoBMV 101766130665.0046.291.830.990.84
FOREXFOREX 72462763.8958.701.110.280.83
MexicoBMV 59382264.4157.891.080.290.79
OmanMSM 76452159.2146.672.181.400.78
ItalyBORSA 60683867175763.7645.411.590.820.77
TaiwanGTSM 48402583.3362.500.980.230.75
GermanyXETRA 85085475248864.4345.381.450.740.72
Vietnam HOSE 72492968.0659.180.880.160.71
Austria WIENERBORSE 3021918863.2546.071.480.790.69
JapanTOKYO 47312065.9664.521.000.320.68
GermanyXETRA 47352174.4760.000.910.260.66
BelgiumBRUSSELS 47352174.4760.000.910.260.66
NetherlandsAMSTERDAM 47352174.4760.000.910.260.66
IndiaNSE 51372072.5554.050.950.300.65
PortugalLISBON 48352172.9260.000.890.260.63
Hong KongHKEX 37241664.8666.670.790.170.63
SpainIBEX 50352170.0060.000.860.260.60
DenmarkCOPENHAGEN 63452971.4364.440.780.200.58
NorwayOSE 49372375.5162.160.950.380.57
ArgentinaBUE 50372174.0056.761.030.460.57
Poland GPW 61432270.4951.160.860.300.56
FrancePARIS 48362175.0058.330.890.330.56
ItalyBORSA 48362175.0058.330.890.330.56
PhilippinesPSE 66402560.6162.500.680.150.53
NetherlandsAMSTERDAM 1849116450762.9543.561.260.780.48
USFOREX 61382462.3063.160.740.260.47
MalaysiaBURSA 69502772.4654.000.640.180.46
ChinaSSE 51372172.5556.760.680.220.46
Austria WIENERBORSE 47352074.4757.140.800.340.46
Greece ATHENS 47352074.4757.140.800.340.46
SwitzerlandSIX 2847180477063.3642.681.130.680.45
BrazilBOVESPA 57291650.8855.170.860.410.45
SingaporeSGX 78949419662.6139.681.641.200.44
IndonesiaIDX 42291669.0555.170.590.210.38
TurkeyBIST 59402167.8052.500.800.430.38
PakistanKSE 59462577.9754.350.650.280.37
South KoreaKOSDAQ 32241475.0058.330.750.420.33
AustraliaASX 63492677.7853.060.570.240.33
CanadaTSX 41301873.1760.000.600.330.27
BangladeshDSE 39341987.1855.880.470.210.26
SwedenSTOCKHOLM 75461961.3341.300.500.300.20
ThailandSET 54432379.6353.490.370.230.14
USPREFERRED 1957129848666.3337.440.580.480.10
JapanFUKUOKA 62381561.2939.470.552.71-2.16
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.

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.