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 1/1/2020
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
JapanSAPPORO 1310776.9270.004.101.402.70
RussiaMICEX 91663672.5354.552.320.471.85
OmanMSM 118693460.1747.892.901.321.58
ChileBCS 86613870.9362.301.280.211.07
UKLSE 103714368.9360.561.270.251.01
SwitzerlandSIX 74533671.6267.921.170.210.96
JapanFUKUOKA 625362.907.690.970.010.95
IsraelTASE 82603673.1760.000.980.100.88
JapanTOKYO 91573662.6463.161.160.280.88
Hong KongHKEX 68523776.4771.150.960.130.83
BrazilBOVESPA 106653361.3250.771.150.400.75
MexicoBMV 105693965.7156.521.000.290.71
UAEUAE 120875772.5065.520.860.210.66
PortugalLISBON 81634177.7865.080.790.190.60
SingaporeSGX 71502870.4256.000.820.220.60
NorwayOSE 99704170.7158.570.930.330.60
PakistanKSE 119864572.2752.330.900.300.59
TaiwanGTSM 97754477.3258.670.810.230.59
Poland GPW 118864572.8852.330.850.270.58
Vietnam HOSE 109794372.4854.430.760.190.57
IndiaNSE 88583565.9160.340.810.240.57
GermanyXETRA 79624078.4864.520.760.190.56
FOREXFOREX 124864869.3555.811.220.670.55
NetherlandsAMSTERDAM 79613977.2263.930.720.200.52
BelgiumBRUSSELS 79613977.2263.930.720.200.52
ItalyBORSA 80634078.7563.490.750.240.51
FrancePARIS 80634078.7563.490.750.240.51
ChinaSSE 96693571.8850.720.780.280.51
SpainIBEX 84623973.8162.900.710.210.50
DenmarkCOPENHAGEN 121915375.2158.240.690.200.49
USFOREX 123815065.8561.730.720.230.48
South KoreaKOSDAQ 61452873.7762.220.760.290.47
Austria WIENERBORSE 76593777.6362.710.710.250.46
Greece ATHENS 76593777.6362.710.710.250.46
PhilippinesPSE 110754068.1853.330.630.190.44
ArgentinaBUE 124783962.9050.000.810.400.41
TurkeyBIST 105723468.5747.221.070.720.35
AustraliaASX 104824478.8553.660.560.220.34
IndonesiaIDX 70522974.2955.770.600.270.33
MalaysiaBURSA 112773968.7550.650.570.250.32
ThailandSET 101733772.2850.680.480.230.25
CanadaTSX 71572880.2849.120.610.370.25
BangladeshDSE 82663580.4953.030.450.210.24
SwedenSTOCKHOLM 134854263.4349.410.450.330.12
PortugalLISBON 1873258.291.830.100.000.10
USWARRANTS 3871168.730.380.070.000.07
EgyptEGX 13193356.180.400.060.000.06
The World 3681555773329160.331.480.050.020.03
RussiaMICEX 14983261.280.220.030.000.02
NorwayOSE 15123364.290.310.020.000.02
USOTC PINK 98632265.580.030.010.000.01
DenmarkCOPENHAGEN 8252263.880.380.010.000.01
South KoreaKRX 87711157.670.020.000.000.00
ChinaSSE 110736560.760.070.000.000.00
Vietnam HOSE 24203251.240.160.000.000.00
USAMEX 52674261.970.060.010.010.00
TaiwanGTSM 48574256.210.070.000.000.00
IndiaBSE 2161012851.240.070.000.000.00
TaiwanTWSE 72526456.120.100.000.000.00
FrancePARIS 638111660.150.160.000.000.00
SwedenSTOCKHOLM 43224162.490.040.010.000.00
Poland GPW 22532167.640.070.000.000.00
USPREFERRED 27758265.370.110.000.000.00
JapanTOKYO 258503361.240.020.000.000.00
UKLSE 167471159.840.010.000.000.00
USNASDAQ 239135164.280.010.000.000.00
IndiaNSE 149873153.810.010.000.000.00
ItalyBORSA 100832161.260.020.000.000.00
USNYSE 366923261.810.010.000.000.00
Vietnam HNX 6650054.140.000.000.000.00
PakistanKSE 21700060.090.000.000.000.00
TurkeyBIST 41790054.100.000.000.000.00
CanadaCSE 5060070.750.000.000.000.00
CanadaTSX-V 17610069.220.000.000.000.00
BrazilBOVESPA 40220063.800.000.000.000.00
SwitzerlandSIX 48870061.470.000.000.000.00
ArgentinaBUE 16680054.380.000.000.000.00
Austria WIENERBORSE 5710056.740.000.000.000.00
BelgiumBRUSSELS 5900063.560.000.000.000.00
ChileBCS 2950056.950.000.000.000.00
GermanyXETRA 154960059.670.000.000.000.00
ChinaSZSE 136590058.500.000.000.000.00
SpainIBEX 9260059.940.000.000.000.00
Greece ATHENS 5510068.240.000.000.000.00
Saudi ArabiaTADAWUL 14490059.210.000.000.000.00
QatarQE 2500057.600.000.000.000.00
MalaysiaBURSA 29840063.540.000.000.000.00
MexicoBMV 18510065.690.000.000.000.00
JordanASE 1660042.770.000.000.000.00
South KoreaKOSDAQ 75080061.810.000.000.000.00
JapanNAGOYA 2110065.400.000.000.000.00
IsraelTASE 46853157.290.040.000.000.00
CanadaTSX 115854059.230.000.000.000.00
AustraliaASX 70965162.230.020.000.000.00
PhilippinesPSE 9022167.520.160.010.010.00
Hong KongHKEX 72004163.970.020.000.000.00
NetherlandsAMSTERDAM 26537261.250.120.000.000.00
ThailandSET 37285259.840.090.000.010.00
UAEUAE 2702160.000.620.000.010.00
IndonesiaIDX 17391064.230.000.000.01-0.01
KuwaitKSE 5753065.910.000.000.01-0.01
BangladeshDSE 16893161.340.100.010.02-0.01
SingaporeSGX 11422062.260.000.000.02-0.02
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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