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 1/1/2015
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
CanadaCSE 1481017168.9269.6110.972.308.67
USWARRANTS 75453260.0071.116.380.585.80
USOTCBB 106460.0066.676.831.335.50
USOTC PINK 77955202284866.8954.625.521.793.74
IndiaBSE 137618127514359.0763.284.551.133.42
IndiaNSE 91895696368061.9964.614.260.863.41
South KoreaKOSDAQ 49373305215267.0465.024.220.933.29
ChinaSZSE 69814534271264.9559.814.241.003.23
Saudi ArabiaTADAWUL 115770146160.5965.763.670.563.11
ArgentinaBUE 41125317261.5667.984.030.933.09
Poland GPW 1624108468866.7563.473.870.783.09
PakistanKSE 2002106668553.2564.264.081.003.08
Hong KongHKEX 54563433194862.9256.744.131.103.03
ChileBCS 31201564.5275.003.400.403.00
CanadaTSX-V 84060333971.7956.225.412.432.98
ChinaSSE 49023218195265.6560.663.610.812.80
JapanSAPPORO 1310776.9270.004.101.402.70
EgyptEGX 113063435556.1155.993.991.322.66
Vietnam HNX 41325715162.2358.754.041.382.66
PhilippinesPSE 62341827467.0965.553.300.672.64
IndonesiaIDX 95962035864.6557.743.651.052.60
TurkeyBIST 1932122073663.1560.333.340.812.53
KuwaitKSE 32618910657.9856.083.661.162.50
TaiwanGTSM 2813164998258.6259.553.220.822.40
USNASDAQ 149729759567565.2358.113.190.822.37
SwedenSTOCKHOLM 2609165996063.5957.873.240.942.29
BangladeshDSE 113975746766.4661.693.260.972.29
UAEUAE 1831227466.6760.663.120.862.26
OmanMSM 68412060.2948.783.541.292.24
IsraelTASE 1782108065060.6160.193.010.792.22
NorwayOSE 81852130363.9457.933.301.112.18
PortugalLISBON 1891287767.7260.162.700.552.14
QatarQE 1811217766.8563.642.620.552.07
The World 2220781401457934163.1256.602.880.822.05
BrazilBOVESPA 151096854964.1156.712.860.822.04
USAMEX 2114138372965.4252.712.800.782.02
MalaysiaBURSA 1895122964364.8552.323.011.081.93
Greece ATHENS 32720812163.6158.173.021.121.90
Vietnam HOSE 135278744258.2156.163.201.311.88
South KoreaKRX 53183268186061.4556.922.570.721.85
AustraliaASX 36572276119562.2452.502.901.181.72
TaiwanTWSE 39532392135360.5156.562.380.691.69
BelgiumBRUSSELS 57037421165.6156.422.070.431.64
SingaporeSGX 89555426461.9047.652.620.991.63
JapanTOKYO 1871810958596958.5454.472.470.851.62
CanadaTSX 70924635249865.3753.882.200.651.55
JordanASE 2011085253.7348.152.801.261.54
SpainIBEX 75749029164.7359.392.240.721.52
RussiaMICEX 81256030469.0954.192.330.831.50
ItalyBORSA 55513658195965.9053.552.100.641.46
DenmarkCOPENHAGEN 56335519862.8855.932.160.781.38
ChileBCS 44302068.1866.671.570.201.37
USNYSE 2404315482837864.3954.111.910.581.33
UKLSE 107616488342860.2952.842.010.691.32
SingaporeSGX 2713648.1546.151.380.081.31
ThailandSET 2001123259461.5748.212.331.031.31
FrancePARIS 48913095166463.2853.761.930.621.31
IsraelTASE 33241972.7379.171.290.001.29
Austria WIENERBORSE 2531629464.0358.021.770.571.20
MexicoBMV 103566434664.1552.111.950.781.17
UKLSE 43241755.8170.831.330.171.17
GermanyXETRA 77815160269266.3252.171.750.611.14
IndiaNSE 39281771.7960.711.210.141.07
RussiaMICEX 39331884.6254.551.580.521.06
FOREXFOREX 60372461.6764.861.300.241.05
NetherlandsAMSTERDAM 1749112059364.0452.951.670.621.05
SwitzerlandSIX 33241372.7354.171.330.331.00
UAEUAE 53362767.9275.001.110.170.94
TaiwanGTSM 38312381.5874.191.030.100.94
Vietnam HOSE 56402571.4362.501.030.130.90
JapanNAGOYA 1841104259.7838.181.530.680.85
GermanyXETRA 37291978.3865.521.070.240.83
BelgiumBRUSSELS 37291978.3865.521.070.240.83
NetherlandsAMSTERDAM 37291978.3865.521.070.240.83
SpainIBEX 40291972.5065.521.000.240.76
ArgentinaBUE 42321976.1959.381.190.440.75
PortugalLISBON 37281875.6864.290.960.250.71
ItalyBORSA 38301978.9563.331.030.330.70
FrancePARIS 38301978.9563.331.030.330.70
PhilippinesPSE 55332260.0066.670.850.150.70
MexicoBMV 51321862.7556.250.970.280.69
Hong KongHKEX 29191365.5268.420.890.210.68
Poland GPW 49341869.3952.941.000.320.68
ChinaSSE 35271777.1462.960.780.110.67
USFOREX 48302062.5066.670.930.270.67
SwitzerlandSIX 2599165377663.6046.941.230.580.64
BrazilBOVESPA 44231452.2760.870.960.350.61
Greece ATHENS 37291878.3862.070.930.340.59
Austria WIENERBORSE 37291878.3862.070.930.340.59
DenmarkCOPENHAGEN 45311968.8961.290.840.290.55
USPREFERRED 1894126258766.6346.510.870.330.54
JapanTOKYO 36241466.6758.330.920.380.54
MalaysiaBURSA 51331964.7157.580.700.180.52
PakistanKSE 49362073.4755.560.780.280.50
IndonesiaIDX 32231371.8856.520.570.090.48
South KoreaKOSDAQ 24171070.8358.820.880.410.47
SwedenSTOCKHOLM 60341656.6747.060.590.150.44
AustraliaASX 51442486.2754.550.610.230.39
NorwayOSE 34281782.3560.710.790.430.36
BangladeshDSE 31271687.1059.260.480.190.30
CanadaTSX 29191165.5257.890.630.370.26
ThailandSET 45352077.7857.140.370.230.14
TurkeyBIST 37281375.6846.430.610.500.11
JapanFUKUOKA 66412062.1248.781.171.71-0.54
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.

Candlesticker.com is an independent and free website and all the Services provided by Americanbulls.com LLC at Candlesticker.com are completely free of charge. Americanbulls.com LLC does not receive compensation by any direct or indirect means from the visitors and users of this website (or of any other bulls.com© family websites), and from the stocks, securities and other institutions or any underwriters or dealers associated with the broader national or international forex, commodity and stock markets.

You agree that Candlesticker.com and Americanbulls.com LLC its parent company, subsidiaries, affiliates, officers and employees shall not be liable for any direct, indirect, incidental, special or consequential damages.