BEARISH DOJI STAR
The chart showing Series 1 series.
To evaluate the performance of the pattern in your stock exchange within the context of other global markets, please refer to the table below. Locate your stock market to see its ranking among others. This will provide insights into the pattern’s strength and reliability, aiding you in your buying and selling decisions.
BEARISH DOJI STAR
Definition
This pattern appears in an uptrend and signals a potential trend reversal. It consists of a white candlestick and a Doji with a gap up at the opening. If the Doji resembles an Umbrella, the pattern is called a "Bearish Dragonfly Doji". If it resembles an Inverted Umbrella, it is called a "Bearish Gravestone Doji". Regardless of the Doji’s shape, these patterns are collectively referred to as "Bearish Doji Star".
Recognition Criteria
1. The market is currently defined by a dominant upward trend.
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 pattern begins with a normal or long white candlestick. It must then continue with a Doji that gaps up.
Trader’s Behavior
The market is in an uptrend, further confirmed by a strong white candlestick. The next day opens higher with a gap up, and trading occurs within a small range. The day closes at the opening price, forming a Doji. While bulls were in control during the uptrend, the appearance of a Doji star now suggests a shift towards equilibrium between bulls and bears. The upward momentum is waning, indicating unfavorable conditions for the continuation of the 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 rise instead of falling and either close above or make two consecutive daily highs above the stop-loss level, without detecting any bullish pattern, the stop-loss is triggered.
Title
Pattern Performance in Stock Exchanges since 1/1/2022
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
BangladeshDSE 1799109766162.7658.553.991.262.73
JapanFSE 895256.184.000.280.020.25
The WorldWORLD MARKETS 481844235641239160.284.270.150.050.10
NorwayOSE 20353365.700.220.040.000.04
PortugalLISBON 2184256.881.610.030.010.02
Austria WIENERBÖRSE 10622258.660.320.010.000.01
EgyptEGX 16934254.990.210.020.020.01
KuwaitBOURSA KUWAIT 7695264.630.400.010.010.01
USAMEX 78044460.100.090.010.000.01
IsraelTASE 62022257.060.060.010.000.01
Vietnam HOSE 29615453.020.250.010.000.01
South KoreaKOSDAQ 90953263.340.030.010.000.00
South KoreaKRX 110045456.720.060.000.000.00
TaiwanTPEx 63412256.470.060.000.000.00
DenmarkOMX COPENHAGEN 9304264.190.340.010.000.00
FrancePARIS 792815861.290.160.000.000.00
ItalyMILAN 142373360.530.030.000.000.00
SwedenOMX STOCKHOLM 50734164.340.030.000.000.00
QatarQE 3101159.350.540.000.000.00
Hong KongHKEX 848310563.090.090.000.000.00
USNYSE 463594361.200.010.000.000.00
IndiaBSE 323978451.340.020.000.000.00
ChinaSSE 163993261.270.020.000.000.00
JapanTSE 326038461.420.020.000.000.00
TaiwanTWSE 92702155.500.020.000.000.00
UKLSE 239991160.500.010.000.000.00
JapanNSE 2360063.140.000.000.000.00
IndiaNSE 225279255.360.020.000.000.00
Saudi ArabiaTADAWUL 20060060.370.000.000.000.00
JordanASE 1770046.890.000.000.000.00
CanadaCSE 4660070.820.000.000.000.00
CanadaTSXV 18080068.250.000.000.000.00
BrazilBOVESPA 62820063.440.000.000.000.00
BelgiumBRUSSELS 6860063.410.000.000.000.00
SwitzerlandSIX 66340061.590.000.000.000.00
ArgentinaBCBA 15590060.420.000.000.000.00
SpainBME 12270061.940.000.000.000.00
Greece ATHEX 8220063.630.000.000.000.00
GermanyXETRA 233860058.890.000.000.000.00
ChinaSZSE 185532159.650.010.000.000.00
MalaysiaBURSA MALAYSIA 32900063.950.000.000.000.00
MexicoBMV 22470065.240.000.000.000.00
Poland GPW 28550067.850.000.000.000.00
PakistanPSX 29580059.400.000.000.000.00
SingaporeSGX 12270061.210.000.000.000.00
TurkeyBIST 59021154.340.030.000.000.00
Vietnam HNX 7760055.930.000.000.000.00
USOTC MARKETS 141510066.110.000.000.000.00
USNASDAQ 284050064.120.000.000.000.00
CanadaTSX 143263058.490.000.000.000.00
AustraliaASX 84706162.740.020.000.000.00
NetherlandsAMSTERDAM 39367160.650.040.000.000.00
ThailandSET 44234261.520.070.000.000.00
ChileBCS 5033156.260.350.010.010.00
IndonesiaIDX 22731063.440.000.000.01-0.01
PhilippinesPSE 9471065.050.000.000.01-0.01
UAEDFM-ADX 3933061.320.000.000.01-0.01
Patterns Total: The number of occurrences of this particular pattern during the specified period.
Confirmed Total: The number of detected patterns that were confirmed and converted into signals.
Profitable Signals: The number of confirmed patterns that resulted in profitable trades.
Confirmation %: The percentage of confirmed patterns relative to the total occurrences of this pattern.
Profitable Signal %: The percentage of successful confirmed patterns relative to the total confirmed patterns.
Per Trade Profit %: Total Profits divided by Total Trades.
Per Trade Loss %: Total Losses divided by Total Trades.
Per Trade Net%: (Total Profits minus Total Losses) divided by the Total Number of Trades.
Samples: Live sample ticker symbols from stock exchanges, with links to the related bulls.com© family websites’ stock pages.

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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