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 1/1/2018
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
CanadaCSE 42327117365.0162.919.754.135.62
USOTCBB 106460.0066.676.831.335.50
CanadaTSX-V 134094552270.5255.245.873.072.80
South KoreaKOSDAQ 69974433252663.3656.983.971.272.71
JapanSAPPORO 1310776.9270.004.101.402.70
IndiaNSE 132307423415856.1156.023.861.252.61
PakistanKSE 2534131573451.8955.824.031.452.58
USOTC PINK 128258475413766.0848.815.292.822.47
IndiaBSE 1831710156560055.4555.143.971.512.46
Poland GPW 2178144681466.3956.293.731.302.43
EgyptEGX 151286946457.4753.393.951.552.40
Vietnam HNX 40724113959.2157.683.641.352.29
IndonesiaIDX 142992350964.5955.153.671.412.27
Hong KongHKEX 74874655239962.1751.543.441.362.08
SwedenSTOCKHOLM 41482598134262.7551.563.381.332.06
UAEUAE 2481588663.7154.432.940.922.01
ChileBCS 134895766.4264.042.690.672.01
BangladeshDSE 1592102057964.0756.763.211.251.96
ChinaSZSE 120277379385661.3552.263.181.271.91
USNASDAQ 2241414155711863.1750.273.161.281.88
ArgentinaBUE 78143823056.0852.513.631.761.87
JordanASE 181935051.3853.763.391.531.86
Greece ATHENS 48332015766.2549.063.171.351.82
Vietnam HOSE 2127116360754.6852.193.201.391.81
MalaysiaBURSA 3069195799863.7751.003.191.441.75
TurkeyBIST 34631993100257.5550.283.231.531.70
KuwaitKSE 49931616263.3351.272.881.191.69
ChinaSSE 86625376276362.0651.402.691.031.66
QatarQE 2471558262.7552.902.370.761.61
IsraelTASE 3260185195456.7851.542.731.151.58
PortugalLISBON 2101356464.2947.412.350.771.58
OmanMSM 118693460.1747.892.901.321.58
DenmarkCOPENHAGEN 80750323762.3347.122.621.091.53
TaiwanGTSM 44442515132156.5952.522.551.041.52
South KoreaKRX 74664345222558.2151.202.430.921.51
The World 34949721327310556961.0449.492.641.131.51
PhilippinesPSE 91461132466.8553.032.691.191.50
ThailandSET 3311199296760.1648.542.671.191.47
Saudi ArabiaTADAWUL 1645100954261.3453.722.360.901.46
SpainIBEX 102566533264.8849.922.400.971.44
USAMEX 41442461107659.3943.722.401.011.40
JapanTOKYO 2734616315808659.6649.562.511.131.38
NorwayOSE 116872436561.9950.412.961.611.35
BrazilBOVESPA 2886182383263.1745.642.491.161.33
TaiwanTWSE 66013808191757.6950.342.180.861.32
UKLSE 154679187430059.4446.772.080.891.19
CanadaTSX 111056779312861.0446.142.180.991.18
ChileBCS 64453070.3166.671.310.181.13
BelgiumBRUSSELS 71745822263.8848.471.910.811.10
MexicoBMV 151898248164.6948.982.171.071.10
USNYSE 3442020975967460.9846.091.950.871.08
Austria WIENERBORSE 2671487355.4349.322.181.190.99
IsraelTASE 54412775.9365.851.050.100.95
AustraliaASX 62183839172561.7444.932.621.670.95
SingaporeSGX 50321764.0053.131.090.190.91
JapanNAGOYA 2301516365.6541.722.051.170.88
FrancePARIS 67774144193061.1546.571.810.930.87
SwitzerlandSIX 61442872.1363.641.090.250.84
UAEUAE 69503772.4674.000.980.140.84
RussiaMICEX 140490442864.3947.351.881.050.84
UKLSE 79523465.8265.381.080.250.83
ItalyBORSA 88205456241261.9344.161.710.890.82
MexicoBMV 78543369.2361.111.020.260.76
RussiaMICEX 63482376.1947.921.310.580.73
GermanyXETRA 127757785344661.0144.211.550.830.72
BrazilBOVESPA 77392050.6551.281.130.410.72
Hong KongHKEX 42281966.6767.860.860.140.71
FOREXFOREX 89613668.5459.021.020.340.67
ArgentinaBUE 69472868.1259.571.110.450.66
JapanFUKUOKA 70461865.7139.132.221.570.65
GermanyXETRA 58432674.1460.470.880.230.65
BelgiumBRUSSELS 59432672.8860.470.880.230.65
NetherlandsAMSTERDAM 59432672.8860.470.880.230.65
TaiwanGTSM 58482982.7660.420.880.230.65
IndiaNSE 66472871.2159.570.890.260.64
JapanTOKYO 57382466.6763.160.920.290.63
PortugalLISBON 58432674.1460.470.860.230.63
Poland GPW 80593073.7550.850.850.240.61
Vietnam HOSE 89633570.7955.560.780.190.59
SingaporeSGX 116172129362.1040.641.941.360.59
FrancePARIS 59442674.5859.090.860.300.57
SpainIBEX 62442670.9759.090.820.250.57
ItalyBORSA 59442674.5859.090.860.300.57
NetherlandsAMSTERDAM 2550153665160.2442.381.340.820.52
DenmarkCOPENHAGEN 76563473.6860.710.730.210.52
SwitzerlandSIX 41432557108061.7242.241.290.780.51
TurkeyBIST 77532568.8347.170.940.430.51
Greece ATHENS 57432575.4458.140.790.300.49
Austria WIENERBORSE 57432575.4458.140.790.300.49
PhilippinesPSE 78502964.1058.000.600.140.46
NorwayOSE 62462674.1956.520.830.370.46
South KoreaKOSDAQ 42311773.8154.840.840.390.45
USFOREX 83523462.6565.380.710.270.44
PakistanKSE 79573172.1554.390.680.280.40
USPREFERRED 2737178371065.1439.820.900.520.39
MalaysiaBURSA 84593070.2450.850.610.250.36
IndonesiaIDX 49331967.3557.580.580.300.27
ChinaSSE 65462270.7747.830.540.280.26
AustraliaASX 77623380.5253.230.520.260.26
BangladeshDSE 53442483.0254.550.430.180.25
CanadaTSX 47372178.7256.760.570.320.24
SwedenSTOCKHOLM 93582562.3743.100.480.280.21
ThailandSET 74532771.6250.940.380.250.13
USWARRANTS 83491759.0434.695.246.61-1.37
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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