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 1731158567.6372.6510.812.388.44
USOTCBB 106460.0066.676.831.335.50
KuwaitKSE 2671579658.8061.154.041.003.04
PakistanKSE 168186149651.2257.614.131.312.82
JapanSAPPORO 1310776.9270.004.101.402.70
Poland GPW 129586649867.0357.373.611.002.60
Vietnam HNX 31720211863.7258.423.941.342.60
IndiaNSE 76464763268662.3656.333.671.172.50
South KoreaKOSDAQ 40262693154766.9257.423.651.182.47
IndiaBSE 111486613370559.3456.013.881.412.47
CanadaTSX-V 81657231870.1055.595.342.992.35
USOTC PINK 69194583221866.6348.114.882.582.30
ChileBCS 34221464.7163.642.680.412.27
ArgentinaBUE 37021712959.1958.903.371.112.26
UAEUAE 143965367.1355.213.020.782.24
IndonesiaIDX 81253430565.7657.123.451.232.22
EgyptEGX 91354128859.2653.233.601.442.16
USAMEX 114174438965.2152.283.441.352.09
USWARRANTS 1912763.1658.333.251.172.08
SwedenSTOCKHOLM 2321147577063.5552.203.151.122.03
Hong KongHKEX 43762732137262.4350.223.171.251.92
TurkeyBIST 1670106557763.7754.182.971.061.91
QatarQE 144955265.9754.742.640.771.87
MalaysiaBURSA 1600102953264.3151.703.061.201.85
ChinaSZSE 58923861198365.5351.363.041.241.80
USNASDAQ 131958390419063.6849.862.851.151.70
Vietnam HOSE 116869136359.1652.533.231.561.67
Saudi ArabiaTADAWUL 97261633563.3754.382.590.931.66
JordanASE 139753553.9646.673.041.441.60
IsraelTASE 158693948159.2151.222.661.071.59
TaiwanGTSM 2341138973059.3352.562.601.041.56
PhilippinesPSE 51735319668.2855.522.581.031.54
BangladeshDSE 102865635763.8154.422.751.251.50
ChinaSSE 42462793138765.7849.662.481.031.45
The World 1908971195475953362.6649.772.501.071.43
PortugalLISBON 139944467.6346.812.200.861.34
ChileBCS 47322268.0968.751.500.191.31
OmanMSM 54301555.5650.002.531.301.23
ThailandSET 1701105651762.0848.962.311.081.23
South KoreaKRX 45332743139260.5150.752.100.891.22
BelgiumBRUSSELS 47630714764.5047.881.840.631.21
JapanTOKYO 164499695475558.9749.022.311.111.20
SingaporeSGX 2916855.1750.001.310.131.19
Greece ATHENS 2831848765.0247.282.571.401.16
TaiwanTWSE 34442125105961.7049.841.980.871.11
IsraelTASE 39282171.7975.001.140.041.11
NorwayOSE 68343122963.1053.132.901.821.08
RussiaMICEX 40331882.5054.551.580.521.06
SpainIBEX 64042420066.2547.172.040.981.05
UKLSE 48271856.2566.671.220.191.04
USNYSE 2127613330619562.7046.441.770.810.96
FrancePARIS 40182523119562.8247.351.780.810.96
SwitzerlandSIX 36261572.2257.691.270.310.96
UKLSE 92275562255360.3145.881.840.890.95
AustraliaASX 3330208294462.5245.342.461.510.95
UAEUAE 54372868.5275.681.110.160.95
CanadaTSX 60733892182364.1246.821.810.870.94
IndiaNSE 45311968.8961.291.130.190.94
ItalyBORSA 49633150146263.4746.411.780.860.92
BrazilBOVESPA 140187339462.3145.132.181.270.91
TaiwanGTSM 38312281.5870.971.030.130.90
FOREXFOREX 61402465.5760.001.150.250.90
Vietnam HOSE 58412670.6963.411.000.120.88
DenmarkCOPENHAGEN 45229413865.0446.941.861.010.85
JapanNAGOYA 154993964.2939.391.841.000.84
RussiaMICEX 70747622767.7547.391.861.060.80
MexicoBMV 56372166.0756.761.080.300.78
ArgentinaBUE 43321974.4259.381.190.440.75
Austria WIENERBORSE 1891195562.9646.221.510.760.75
MexicoBMV 84954325263.9646.411.761.060.69
GermanyXETRA 68734441198964.6344.781.460.770.69
JapanTOKYO 41281868.2964.291.000.320.68
BelgiumBRUSSELS 43342179.0761.760.940.260.68
GermanyXETRA 43342179.0761.760.940.260.68
NetherlandsAMSTERDAM 43342179.0761.760.940.260.68
PortugalLISBON 44342177.2761.760.910.260.65
Poland GPW 53361967.9252.780.970.330.64
Hong KongHKEX 32221568.7568.180.820.180.64
SpainIBEX 46342173.9161.760.880.260.62
ItalyBORSA 44352179.5560.000.910.340.57
FrancePARIS 44352179.5560.000.910.340.57
PhilippinesPSE 61392463.9361.540.720.150.56
BrazilBOVESPA 50251550.0060.000.920.360.56
SingaporeSGX 67541617361.6341.591.781.220.56
USFOREX 53342164.1561.760.820.290.53
ChinaSSE 40311777.5054.840.680.160.52
DenmarkCOPENHAGEN 54372468.5264.860.760.240.51
Austria WIENERBORSE 43342079.0758.820.820.350.47
Greece ATHENS 43342079.0758.820.820.350.47
MalaysiaBURSA 56392269.6456.410.640.180.46
SwitzerlandSIX 2294146061463.6442.051.140.720.42
PakistanKSE 54402174.0752.500.700.300.40
NorwayOSE 40311877.5058.060.770.390.39
IndonesiaIDX 36261472.2253.850.580.190.38
South KoreaKOSDAQ 29211272.4157.140.810.430.38
NetherlandsAMSTERDAM 150595141163.1943.221.190.820.37
AustraliaASX 54462585.1954.350.610.240.37
SwedenSTOCKHOLM 67401859.7045.000.530.180.35
BangladeshDSE 36311986.1161.290.520.190.32
TurkeyBIST 42301571.4350.000.730.470.27
USPREFERRED 150899139465.7239.760.730.480.26
CanadaTSX 35241468.5758.330.630.380.25
ThailandSET 46362078.2655.560.360.220.14
JapanFUKUOKA 55341361.8238.240.292.12-1.82
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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