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 50935022468.7664.0010.063.606.46
USOTCBB 106460.0066.676.831.335.50
CanadaTSX-V 1607113263670.4456.186.092.973.12
JapanSAPPORO 1310776.9270.004.101.402.70
USOTC PINK 149109854486466.7748.855.482.842.65
South KoreaKOSDAQ 80055026281162.8755.853.851.302.54
PakistanKSE 2855150484152.6855.923.961.452.50
IndonesiaIDX 1715109761563.9756.063.861.412.46
Vietnam HNX 57331918355.6757.373.741.312.43
IndiaNSE 155628599477655.3555.443.731.292.43
EgyptEGX 171097352256.9053.653.921.582.34
IndiaBSE 2168011747643254.1954.753.861.572.29
Poland GPW 2487166492967.0355.733.621.332.29
Hong KongHKEX 82705169270162.5052.253.571.352.22
SwedenSTOCKHOLM 46842933153662.6852.323.481.322.16
TurkeyBIST 38362202114657.9551.553.501.462.05
ChileBCS 1991247962.3163.712.760.801.96
JordanASE 2191055947.9556.193.381.441.94
USNASDAQ 2586416428833863.6350.673.221.281.94
ChinaSZSE 137148432446861.4852.993.181.251.92
BangladeshDSE 1906119266962.5456.123.151.321.82
UAEUAE 2881749160.4252.302.750.991.76
PortugalLISBON 2311447162.3449.312.540.791.75
MalaysiaBURSA 35452270116064.0351.103.191.441.74
Vietnam HOSE 2485131669152.9652.513.061.371.69
TaiwanGTSM 51742929153756.6152.482.701.051.64
ChinaSSE 100716280324462.3651.662.651.041.61
OmanMSM 118693460.1747.892.901.321.58
Greece ATHENS 56738118767.9048.572.921.351.57
IsraelTASE 41332343117956.6950.322.641.091.55
The World 40186824427112039860.8649.232.621.141.48
South KoreaKRX 87195080257358.2650.652.400.941.46
QatarQE 2941849662.5952.172.200.761.44
TaiwanTWSE 77194425223157.3350.422.320.881.44
PhilippinesPSE 103968736266.1252.692.581.161.41
DenmarkCOPENHAGEN 93458227962.3147.942.511.111.40
Saudi ArabiaTADAWUL 1826113360862.0553.662.310.911.40
KuwaitKSE 60437118161.4248.792.651.271.38
SpainIBEX 111170835263.7349.722.330.951.38
ThailandSET 38632314111959.9048.362.551.191.36
NorwayOSE 139988243963.0549.772.841.501.35
JapanTOKYO 3070218323911359.6849.742.471.121.35
USAMEX 50653006128959.4142.842.260.961.30
ArgentinaBUE 114661429053.7547.082.941.691.25
BrazilBOVESPA 37682397109563.7745.572.441.231.21
MexicoBMV 1895121057763.8547.692.201.091.11
Austria WIENERBORSE 43625112157.5748.212.221.111.11
CanadaTSX 126617658348560.5145.492.101.001.10
ChileBCS 74503267.5764.001.240.181.06
UKLSE 1826910780489859.0345.411.960.911.05
BelgiumBRUSSELS 79750723863.6146.941.840.791.04
AustraliaASX 73364559207062.1545.402.651.631.02
USNYSE 39677241581105360.9245.731.890.871.02
IsraelTASE 63493177.7863.271.000.100.90
JapanNAGOYA 2601757467.3142.291.981.090.89
FrancePARIS 77464726218461.0146.211.730.890.84
SingaporeSGX 54351964.8154.291.000.170.83
RussiaMICEX 1766106751963.4846.301.841.020.82
SwitzerlandSIX 65462970.7763.041.040.240.80
UKLSE 87583766.6763.791.030.240.79
FOREXFOREX 103684066.0258.821.070.310.76
UAEUAE 85594369.4172.880.920.150.76
RussiaMICEX 68502473.5348.001.320.560.76
Hong KongHKEX 49322265.3168.750.880.130.75
ItalyBORSA 104766472281361.7843.461.590.850.74
BrazilBOVESPA 89492455.0648.981.060.390.67
GermanyXETRA 150869175395060.8743.011.470.810.67
NorwayOSE 72513170.8360.781.000.330.67
MexicoBMV 87583466.6758.620.950.290.66
TaiwanGTSM 70543277.1459.260.850.200.65
Vietnam HOSE 96694071.8857.970.800.170.62
USWARRANTS 2011325965.6744.704.964.350.61
Poland GPW 90673674.4453.730.850.240.61
IndiaNSE 77533268.8360.380.850.260.58
SingaporeSGX 131982434462.4741.751.921.340.57
PortugalLISBON 68533177.9458.490.750.230.53
ArgentinaBUE 83573168.6754.390.930.400.53
NetherlandsAMSTERDAM 69543178.2657.410.740.220.52
GermanyXETRA 68543179.4157.410.740.220.52
BelgiumBRUSSELS 69543178.2657.410.740.220.52
JapanTOKYO 70492970.0059.180.800.310.49
FrancePARIS 69553179.7156.360.730.270.45
ItalyBORSA 69553179.7156.360.730.270.45
SpainIBEX 71533074.6556.600.700.250.45
TurkeyBIST 85562765.8848.210.890.450.45
PhilippinesPSE 86573266.2856.140.580.140.44
NetherlandsAMSTERDAM 2914173472659.6841.751.200.770.43
SwitzerlandSIX 49973042125661.2641.031.210.780.43
CanadaTSX 52402376.9257.500.750.330.43
South KoreaKOSDAQ 48362175.0058.330.780.360.42
USFOREX 93583662.3762.070.670.260.41
DenmarkCOPENHAGEN 93673772.0455.220.610.220.39
Austria WIENERBORSE 66522978.7955.770.670.290.38
Greece ATHENS 66522978.7955.770.670.290.38
USPREFERRED 2727176268264.6138.710.880.500.37
MalaysiaBURSA 98683469.3950.000.570.240.34
PakistanKSE 91663472.5351.520.640.300.33
IndonesiaIDX 52362169.2358.330.610.280.33
ChinaSSE 75532770.6750.940.600.280.32
BangladeshDSE 60492781.6755.100.470.200.27
JapanFUKUOKA 82552567.0745.452.201.950.25
AustraliaASX 86673677.9153.730.480.240.24
SwedenSTOCKHOLM 104693366.3547.830.490.260.23
ThailandSET 87602968.9748.330.330.280.05
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.