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 2031359767.9870.2910.332.687.64
USOTCBB 106460.0066.676.831.335.50
PakistanKSE 181594755552.1858.614.451.283.17
Poland GPW 141594154666.7157.843.680.892.79
KuwaitKSE 33420411861.0857.843.781.012.76
JapanSAPPORO 1310776.9270.004.101.402.70
IndiaBSE 124627412418159.4956.394.051.392.66
CanadaTSX-V 90964936171.7355.375.512.852.66
IndiaNSE 86625383306462.2356.853.801.182.62
South KoreaKOSDAQ 45813053174966.6957.253.741.172.57
Vietnam HNX 33020211961.2158.913.851.332.52
USOTC PINK 82455551273767.5849.125.022.522.50
ChileBCS 62432669.3560.472.980.492.49
EgyptEGX 100360132459.9253.913.851.392.47
IndonesiaIDX 95662535365.3856.483.501.242.26
ArgentinaBUE 42825114959.8158.203.241.092.16
UAEUAE 1591065766.6753.772.930.822.11
TurkeyBIST 1922123067064.0054.473.131.022.11
QatarQE 1711086163.1656.482.790.722.06
Hong KongHKEX 50653174162162.7451.013.331.282.05
SwedenSTOCKHOLM 2746174790363.6251.693.091.181.91
IsraelTASE 1854109358058.9553.062.781.031.75
ChinaSZSE 75364806245563.7751.083.021.271.75
USNASDAQ 152929838489564.5149.622.871.131.75
Saudi ArabiaTADAWUL 108168738563.5556.042.570.871.70
NorwayOSE 78149025863.1252.333.141.461.68
JordanASE 156824052.5648.783.051.381.67
PhilippinesPSE 62942923768.2055.242.661.001.66
MalaysiaBURSA 1843120460065.3349.832.871.221.65
Vietnam HOSE 131778942359.9153.613.101.501.60
BangladeshDSE 118876141964.0655.062.811.251.56
USWARRANTS 169556.2555.562.781.221.56
PortugalLISBON 1551004664.5246.002.350.841.51
TaiwanGTSM 2798167587959.8652.482.490.991.49
ChinaSSE 54113503174564.7449.812.531.061.47
The World 2233431402446965762.8449.632.511.061.46
SpainIBEX 73448924266.6249.492.270.951.32
BelgiumBRUSSELS 52833816464.0248.521.910.641.27
ThailandSET 1992124860062.6548.082.321.051.27
USAMEX 2469156168563.2243.882.210.951.26
South KoreaKRX 53613209164059.9051.072.130.881.25
JapanTOKYO 1896911388559460.0349.122.331.091.23
ChileBCS 53372369.8162.161.350.191.16
BrazilBOVESPA 1695106047862.8944.842.261.141.12
TaiwanTWSE 41212532125061.4449.371.970.851.12
Greece ATHENS 3212079864.4947.342.511.411.11
RussiaMICEX 41331880.4954.551.580.521.06
JapanNAGOYA 1711124665.5041.071.960.961.00
UKLSE 57332157.8963.641.210.211.00
RussiaMICEX 86256827566.3648.081.980.990.99
DenmarkCOPENHAGEN 53434716064.9846.112.021.030.99
IsraelTASE 42312273.8170.971.030.060.97
USNYSE 2477815582716562.9345.951.750.800.95
CanadaTSX 71734560212563.5746.601.810.870.94
SwitzerlandSIX 46332071.7460.611.210.270.94
UKLSE 107636549300360.9045.811.810.880.92
FrancePARIS 46852954140563.0947.531.730.810.92
AustraliaASX 39582473112562.4845.492.361.450.91
UAEUAE 57402970.1872.501.030.150.88
SingaporeSGX 35201057.1450.001.150.300.85
FOREXFOREX 68432563.2458.141.120.280.84
ItalyBORSA 58263704169463.6145.711.700.860.83
MexicoBMV 97262629264.4046.651.810.990.82
IndiaNSE 49342069.3958.821.030.240.79
MexicoBMV 58382265.5257.891.080.290.79
Vietnam HOSE 69472868.1259.570.910.150.77
GermanyXETRA 81325233238264.3845.501.490.730.75
TaiwanGTSM 44362381.8263.890.890.190.69
OmanMSM 74421856.7642.862.171.480.69
Austria WIENERBORSE 2791768063.0845.451.450.780.67
NetherlandsAMSTERDAM 46352176.0960.000.910.260.66
GermanyXETRA 46352176.0960.000.910.260.66
BelgiumBRUSSELS 46352176.0960.000.910.260.66
ArgentinaBUE 47342072.3458.821.120.470.65
JapanTOKYO 46301965.2263.330.970.330.63
PortugalLISBON 47352174.4760.000.890.260.63
Hong KongHKEX 36241666.6766.670.790.170.63
DenmarkCOPENHAGEN 61432870.4965.120.810.210.60
SpainIBEX 49352171.4360.000.860.260.60
Poland GPW 61432270.4951.160.860.300.56
ItalyBORSA 47362176.6058.330.890.330.56
FrancePARIS 47362176.6058.330.890.330.56
NorwayOSE 46342173.9161.760.940.410.53
PhilippinesPSE 65402561.5462.500.680.150.53
NetherlandsAMSTERDAM 1762110648062.7743.401.280.790.49
USFOREX 60382463.3363.160.740.260.47
SingaporeSGX 78148619462.2339.921.721.240.47
MalaysiaBURSA 65482573.8552.080.650.190.46
Austria WIENERBORSE 46352076.0957.140.800.340.46
ChinaSSE 47352074.4757.140.690.230.46
Greece ATHENS 46352076.0957.140.800.340.46
SwitzerlandSIX 2770175674763.3942.541.150.700.45
BrazilBOVESPA 53271550.9455.560.850.410.44
IndonesiaIDX 40281570.0053.570.610.210.39
South KoreaKOSDAQ 31231474.1960.870.780.390.39
PakistanKSE 58452477.5953.330.670.290.38
TurkeyBIST 56392069.6451.280.770.440.33
AustraliaASX 63492677.7853.060.570.240.33
SwedenSTOCKHOLM 73431958.9044.190.530.260.28
BangladeshDSE 38331986.8457.580.480.210.27
CanadaTSX 38271671.0559.260.590.370.22
ThailandSET 53422379.2554.760.380.210.17
USPREFERRED 1878124947766.5138.190.610.470.14
JapanFUKUOKA 60361460.0038.890.442.86-2.42
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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