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 1/1/2017
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
USOTCBB 106460.0066.676.831.335.50
CanadaCSE 34123414668.6262.399.624.794.82
CanadaTSX-V 134096752972.1654.715.772.922.85
IndiaNSE 145428393474557.7856.474.021.202.82
South KoreaKOSDAQ 79885090286363.7256.254.081.322.77
JapanSAPPORO 1310776.9270.004.101.402.70
IndonesiaIDX 1564101155564.6454.903.811.252.56
IndiaBSE 2048211705644057.2054.974.101.542.56
EgyptEGX 173296352155.6054.103.971.432.54
USOTC PINK 135688884440366.4048.875.052.552.49
Vietnam HNX 49228917258.7459.523.781.302.48
PakistanKSE 2876154386253.6555.873.861.422.44
Poland GPW 2412158790065.8456.683.681.282.40
Hong KongHKEX 86315414282162.7952.063.761.392.37
Saudi ArabiaTADAWUL 1862110061859.0856.182.910.832.08
USNASDAQ 2357415093767364.0650.813.261.202.06
BangladeshDSE 1803116367264.5057.783.241.202.03
TurkeyBIST 36902146111558.1651.963.381.352.03
ChinaSZSE 138828476434261.0651.233.441.432.01
SwedenSTOCKHOLM 44312791143362.9951.343.341.351.99
ArgentinaBUE 77443523156.3352.983.741.771.97
PortugalLISBON 2531718867.5951.462.750.811.94
UAEUAE 29718910263.6453.972.931.011.92
JordanASE 2221145951.3551.753.191.331.86
ChinaSSE 98316147312362.5350.812.981.161.83
TaiwanGTSM 50042817150256.2953.322.781.011.76
ChileBCS 111764868.4763.162.450.681.76
Vietnam HOSE 2254127265956.4351.813.131.381.76
MalaysiaBURSA 33142101106563.4050.693.111.421.69
The World 37278922880211490361.4550.162.751.111.64
PhilippinesPSE 100766936066.4353.812.741.101.63
DenmarkCOPENHAGEN 91657028362.2349.652.661.061.60
IsraelTASE 33761925101657.0252.782.771.171.60
SpainIBEX 116573939363.4353.182.530.941.58
South KoreaKRX 84284958252958.9550.912.560.981.58
OmanMSM 118693460.1747.892.901.321.58
ThailandSET 35642149104360.3848.472.741.181.56
NorwayOSE 124879441063.6251.643.111.551.56
JapanTOKYO 2971517707893759.5950.472.601.071.54
USAMEX 41492496113160.1645.312.541.011.53
Greece ATHENS 51834316066.2246.653.081.591.49
KuwaitKSE 54132616360.2650.002.791.331.46
QatarQE 28518110063.5155.252.170.731.44
TaiwanTWSE 72684199213957.7750.942.250.861.40
CanadaTSX 119867401356961.7648.222.280.901.38
BrazilBOVESPA 2925183684162.9445.682.471.161.31
BelgiumBRUSSELS 84153826563.9749.262.040.751.28
UKLSE 168539968473659.3547.352.060.851.21
USNYSE 37009228761084861.8347.412.020.821.20
SingaporeSGX 137785137361.8043.832.461.281.18
AustraliaASX 65834036186861.3446.262.691.531.16
ChileBCS 64453070.3166.671.310.181.13
MexicoBMV 1662108452565.2248.432.141.031.10
FrancePARIS 75474618223161.2448.271.920.871.05
JapanFUKUOKA 76532469.7445.282.281.251.04
IsraelTASE 53402775.4767.501.080.081.00
ItalyBORSA 93585871268763.0545.541.790.850.94
JapanNAGOYA 2461576663.8242.041.961.020.94
SingaporeSGX 47301663.8353.331.130.200.93
Austria WIENERBORSE 2261215753.5447.112.091.170.93
UAEUAE 66473671.2176.601.020.130.89
GermanyXETRA 133238253378762.0345.831.720.830.89
UKLSE 76493264.4765.311.100.240.86
RussiaMICEX 145695244765.3846.951.951.130.82
NetherlandsAMSTERDAM 2812169177160.1445.591.580.780.80
MexicoBMV 73513169.8660.781.060.270.78
SwitzerlandSIX 57432775.4462.791.020.260.77
BrazilBOVESPA 72361850.0050.001.170.420.75
FOREXFOREX 85593669.4161.021.050.320.73
Hong KongHKEX 42281966.6767.860.860.140.71
TaiwanGTSM 55462983.6463.040.910.220.70
ArgentinaBUE 67462868.6660.871.130.430.70
NetherlandsAMSTERDAM 57422673.6861.900.900.210.69
GermanyXETRA 56422675.0061.900.900.210.69
BelgiumBRUSSELS 57422673.6861.900.900.210.69
RussiaMICEX 54411875.9343.901.270.590.68
JapanTOKYO 55372467.2764.860.950.270.68
PortugalLISBON 56422675.0061.900.880.210.67
IndiaNSE 62442770.9761.360.910.250.66
Poland GPW 76582976.3250.000.860.240.62
FrancePARIS 57432675.4460.470.880.280.60
SpainIBEX 60432671.6760.470.840.230.60
ItalyBORSA 57432675.4460.470.880.280.60
Vietnam HOSE 87603368.9755.000.780.180.60
SwitzerlandSIX 44172742117862.0842.961.320.750.57
DenmarkCOPENHAGEN 75553473.3361.820.750.200.55
Austria WIENERBORSE 55422576.3659.520.810.290.52
Greece ATHENS 55422576.3659.520.810.290.52
NorwayOSE 58442675.8659.090.860.360.50
USPREFERRED 2968192777264.9340.060.970.490.49
USFOREX 74473263.5168.090.720.260.47
PhilippinesPSE 77502964.9458.000.600.140.46
South KoreaKOSDAQ 39291674.3655.170.830.410.41
PakistanKSE 74543072.9755.560.690.280.41
IndonesiaIDX 47321968.0959.380.590.190.41
MalaysiaBURSA 81572970.3750.880.630.260.37
TurkeyBIST 74502267.5744.000.800.460.34
CanadaTSX 45352177.7860.000.600.310.29
BangladeshDSE 50412482.0058.540.460.200.27
ChinaSSE 63452271.4348.890.560.290.27
AustraliaASX 76613280.2652.460.510.260.25
SwedenSTOCKHOLM 87552363.2241.820.470.270.20
ThailandSET 71512771.8352.940.390.200.20
USWARRANTS 61381262.3031.582.112.55-0.45
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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