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 1/1/2014
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
USWARRANTS 59362561.0269.445.191.004.19
USOTC PINK 54093644195067.5253.405.501.753.75
CanadaCSE 48321766.6753.136.693.133.56
Saudi ArabiaTADAWUL 83950333559.9566.604.130.573.56
South KoreaKOSDAQ 36512451157467.1664.194.230.923.31
PakistanKSE 156980152451.0565.424.020.993.04
IndiaNSE 66554123258662.0662.623.930.913.02
Hong KongHKEX 40852545142462.3055.954.121.152.97
IndiaBSE 102376092372659.5161.164.181.222.96
ChinaSZSE 49483175183164.1757.674.061.102.96
CanadaTSX-V 54238221070.4854.975.462.532.93
Poland GPW 132086954965.9863.033.610.802.82
ChileBCS 22121054.5583.333.170.422.75
JapanSAPPORO 1310776.9270.004.101.402.70
PhilippinesPSE 46831020466.4565.593.330.652.68
ArgentinaBUE 26717411365.1764.943.640.992.64
ChinaSSE 34792234129564.2157.973.580.942.64
IndonesiaIDX 68543724563.8056.063.661.172.49
Vietnam HNX 31119610563.0253.573.931.452.47
TaiwanGTSM 2029115468956.8859.713.200.802.40
OmanMSM 58371963.7951.353.761.382.38
PortugalLISBON 1421006270.4262.002.910.552.36
TurkeyBIST 143691253863.5158.993.080.772.31
EgyptEGX 90947626152.3754.833.761.462.30
NorwayOSE 59640423667.9558.273.531.302.23
UAEUAE 146905361.6458.893.190.992.20
IsraelTASE 125675744760.2759.053.020.852.16
BangladeshDSE 83554931965.7558.112.980.982.00
South KoreaKRX 37772327132461.6456.872.690.692.00
SwedenSTOCKHOLM 1804114865763.7557.133.001.011.99
USAMEX 1553100953265.2352.522.860.871.99
USNASDAQ 1677110844592464.7154.582.620.721.90
BrazilBOVESPA 116071138061.3853.372.810.921.89
The World 1704461065295949962.5455.822.770.901.87
BelgiumBRUSSELS 49632618965.7357.982.240.421.82
KuwaitKSE 2271236654.1953.663.061.241.81
AustraliaASX 2593159584161.5952.662.991.191.80
SingaporeSGX 72845222262.0949.122.831.061.77
QatarQE 122835368.0363.862.240.531.71
TaiwanTWSE 2856169995659.4956.272.340.681.66
CanadaTSX 53893476188264.5054.142.310.661.64
Vietnam HOSE 97055830257.5354.123.011.451.56
SpainIBEX 57636921964.0659.352.300.751.56
JapanTOKYO 134747864420458.3653.462.400.861.53
ItalyBORSA 39412561137264.9853.572.200.671.53
MalaysiaBURSA 142292346964.9150.812.511.001.51
JordanASE 168904453.5748.892.561.081.48
SingaporeSGX 2212654.5550.001.500.081.42
UKLSE 78074651247859.5953.272.120.721.40
USNYSE 147779400512263.6554.461.970.581.38
RussiaMICEX 60540221666.4553.732.170.841.33
FrancePARIS 37062266122861.1454.191.930.641.29
NetherlandsAMSTERDAM 131481544762.0254.851.870.591.28
FOREXFOREX 46332171.7463.641.480.211.27
ThailandSET 150892444561.2748.162.281.021.26
MexicoBMV 76448125463.6152.261.930.711.22
DenmarkCOPENHAGEN 43927414762.4153.652.010.821.18
IsraelTASE 24191579.1778.951.210.051.16
UKLSE 31211567.7471.431.330.191.14
Austria WIENERBORSE 1901156760.5358.261.760.621.14
GermanyXETRA 54793548186965.1052.401.720.641.08
ChileBCS 35251571.4360.001.320.241.08
Vietnam HOSE 42292169.0572.411.170.101.07
Greece ATHENS 2421538163.2252.942.411.351.06
Poland GPW 43311872.0958.061.320.291.03
IndiaNSE 37331889.1954.551.150.121.03
JapanFUKUOKA 51342066.6758.821.710.681.03
SwitzerlandSIX 2316769.5743.751.190.250.94
RussiaMICEX 29261389.6650.001.460.540.92
GermanyXETRA 24201183.3355.001.200.300.90
NetherlandsAMSTERDAM 25211284.0057.141.140.290.86
BelgiumBRUSSELS 25211284.0057.141.140.290.86
Hong KongHKEX 22141063.6471.431.070.210.86
TaiwanGTSM 29241882.7675.000.960.130.83
ChinaSSE 32231371.8856.521.000.170.83
BrazilBOVESPA 38251565.7960.001.200.400.80
SpainIBEX 26201176.9255.001.100.300.80
JapanTOKYO 35241668.5766.671.000.250.75
PortugalLISBON 24191079.1752.631.050.320.74
ArgentinaBUE 42342180.9561.761.180.440.74
PakistanKSE 38291776.3258.620.970.240.72
ItalyBORSA 25211184.0052.381.140.430.71
FrancePARIS 25211184.0052.381.140.430.71
UAEUAE 51412480.3958.540.880.170.71
SwitzerlandSIX 1848119756064.7746.781.270.580.70
USFOREX 46311967.3961.290.940.290.65
USPREFERRED 1600106250366.3847.360.890.300.59
MexicoBMV 48291560.4251.720.900.310.59
MalaysiaBURSA 46331871.7454.550.820.240.58
Greece ATHENS 25201080.0050.001.000.450.55
Austria WIENERBORSE 24201083.3350.001.000.450.55
PhilippinesPSE 36221261.1154.550.640.090.55
SwedenSTOCKHOLM 47261155.3242.310.730.190.54
CanadaTSX 2110647.6260.000.900.400.50
AustraliaASX 42372188.1056.760.700.240.46
South KoreaKOSDAQ 169556.2555.561.000.560.44
IndonesiaIDX 30221273.3354.550.640.230.41
TurkeyBIST 30211170.0052.380.570.240.33
DenmarkCOPENHAGEN 31241577.4262.500.540.250.29
NorwayOSE 27211477.7866.670.670.380.29
BangladeshDSE 22181081.8255.560.390.220.17
JapanNAGOYA 122712658.2036.620.930.770.15
ThailandSET 37281775.6860.710.390.290.11
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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