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
CanadaCSE 26318312970.3469.7311.443.158.30
USOTCBB 106460.0066.676.831.335.50
CanadaTSX-V 110180344972.9355.926.072.793.28
South KoreaKOSDAQ 68914518259065.5657.334.271.243.03
IndiaNSE 123417499426260.7656.834.151.172.98
USOTC PINK 113917614385867.5450.155.302.372.93
ArgentinaBUE 53132319260.8359.444.101.192.91
IndiaBSE 1795110600589259.0555.584.291.492.79
EgyptEGX 148283946256.6155.074.111.372.74
Vietnam HNX 44326916560.7261.344.011.312.70
JapanSAPPORO 1310776.9270.004.101.402.70
IndonesiaIDX 133087048365.4155.523.861.192.67
PakistanKSE 2594139178953.6256.724.071.402.67
Poland GPW 2017133076465.9457.443.721.052.67
ChileBCS 55372167.2756.763.190.622.57
Hong KongHKEX 76264806251063.0252.233.861.362.50
Saudi ArabiaTADAWUL 155593955160.3958.683.100.772.34
UAEUAE 2381578565.9754.143.200.892.31
TurkeyBIST 3000183097061.0053.013.441.142.29
SwedenSTOCKHOLM 37752398124663.5251.963.411.252.17
USNASDAQ 2093213532687964.6850.813.231.122.11
ChinaSZSE 118267297368261.7050.463.531.462.08
BangladeshDSE 1677109563165.3057.633.221.192.03
JordanASE 2221166052.2551.723.221.202.03
PhilippinesPSE 87859233367.4356.252.960.981.98
IsraelTASE 2525149380859.1354.122.991.011.98
NorwayOSE 108469736164.3051.793.261.301.96
MalaysiaBURSA 2658170687164.1851.063.211.261.95
TaiwanGTSM 41082388130358.1354.562.910.971.94
Vietnam HOSE 1848110158059.5852.683.301.381.92
ChinaSSE 83285264264863.2150.303.061.181.88
PortugalLISBON 2301567967.8350.642.650.791.86
ThailandSET 2897181088762.4849.012.851.041.81
The World 31602619729910000662.4650.662.851.051.80
OmanMSM 98633164.2949.213.081.301.78
USAMEX 34452169100762.9646.432.690.931.76
KuwaitKSE 42024712758.8151.422.981.281.69
Greece ATHENS 45430014566.0848.333.261.581.68
QatarQE 2391518963.1858.942.360.691.68
South KoreaKRX 78634716242259.9851.362.600.931.67
JapanTOKYO 2608615583795059.7451.022.671.021.65
SpainIBEX 104267035264.3052.542.560.931.64
CanadaTSX 103086548321463.5249.082.390.821.57
TaiwanTWSE 59273546180059.8350.762.340.811.52
DenmarkCOPENHAGEN 79450024662.9749.202.561.061.51
BrazilBOVESPA 2377150969063.4845.732.641.141.50
USWARRANTS 3221965.6342.862.951.521.43
SingaporeSGX 115071931962.5244.372.561.141.42
AustraliaASX 53923340155061.9646.392.741.341.40
Austria WIENERBORSE 44427513761.9449.822.140.761.38
BelgiumBRUSSELS 74948223564.3548.762.020.691.33
USNYSE 33578211601011563.0447.792.080.761.32
UKLSE 147968952429260.5047.942.150.831.32
FrancePARIS 67194225207862.8849.181.970.821.14
ItalyBORSA 81415252246964.5147.011.900.801.11
ChileBCS 63442969.8465.911.270.181.09
JapanNAGOYA 2281485964.9139.861.950.861.09
MexicoBMV 140793444066.3847.112.040.961.08
IsraelTASE 49362673.4772.221.110.061.06
GermanyXETRA 112447220336764.2146.631.760.751.01
UKLSE 64392660.9466.671.210.211.00
RussiaMICEX 46351876.0951.431.490.510.97
NetherlandsAMSTERDAM 2456152670262.1346.001.650.740.91
UAEUAE 62443370.9775.001.020.140.89
RussiaMICEX 121281437667.1646.192.031.140.88
MexicoBMV 64422665.6361.901.140.260.88
SingaporeSGX 40251362.5052.001.120.240.88
SwitzerlandSIX 52382373.0860.531.130.290.84
FOREXFOREX 78523166.6759.621.060.290.77
TaiwanGTSM 51432784.3162.790.950.210.74
Hong KongHKEX 40261865.0069.230.880.150.73
Vietnam HOSE 77533168.8358.490.870.170.70
SwitzerlandSIX 38492401104862.3843.651.340.670.67
JapanTOKYO 49322165.3165.630.970.310.66
GermanyXETRA 48372277.0859.460.890.240.65
BelgiumBRUSSELS 49372275.5159.460.890.240.65
NetherlandsAMSTERDAM 49372275.5159.460.890.240.65
IndiaNSE 53382171.7055.260.920.290.63
PortugalLISBON 49372275.5159.460.860.240.62
SpainIBEX 51372272.5559.460.840.240.59
ItalyBORSA 49382277.5557.890.870.320.55
FrancePARIS 49382277.5557.890.870.320.55
ArgentinaBUE 53392373.5858.970.970.440.54
USPREFERRED 2516167966566.7339.610.970.430.53
DenmarkCOPENHAGEN 67493173.1363.270.760.220.53
PhilippinesPSE 69422660.8761.900.670.140.52
USFOREX 66422863.6466.670.740.240.50
Poland GPW 69512573.9149.020.760.270.49
NorwayOSE 52392375.0058.970.870.410.46
Austria WIENERBORSE 48372177.0856.760.780.320.46
Greece ATHENS 48372177.0856.760.780.320.46
MalaysiaBURSA 74532771.6250.940.660.210.45
PakistanKSE 67512976.1256.860.710.270.43
IndonesiaIDX 44311870.4558.060.610.190.42
BrazilBOVESPA 63321650.7950.000.780.440.34
ChinaSSE 58412170.6951.220.610.290.32
TurkeyBIST 64432167.1948.840.740.440.30
South KoreaKOSDAQ 35281580.0053.570.710.430.29
BangladeshDSE 43372286.0559.460.460.190.27
CanadaTSX 42311873.8158.060.580.320.26
AustraliaASX 71572880.2849.120.490.280.21
SwedenSTOCKHOLM 81502061.7340.000.460.300.16
ThailandSET 64472573.4453.190.340.210.13
JapanFUKUOKA 82542465.8544.441.911.98-0.07
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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