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.
This is a three-candlestick pattern signaling a major top reversal. It is composed of a white candlestick followed by a Doji, which characteristically gaps up to form a Doji Star. Then, we have a third black candlestick whose closing is well into the first session’s white real body. This is a meaningful top pattern.
Recognition Criteria
1. The market is characterized by a prevailing uptrend.
2. We see a white candlestick on the first day.
3. Then, we see a Doji on the second day that gaps in the direction of the uptrend.
4. A black candlestick is observed on the third day.
Pattern Requirements and Flexibility
The Bearish Evening Doji Star starts with a white candlestick and it should continue with a doji accompanied by a gap opening higher than the close of the first day. The third day of the pattern is a black candlestick, which has the same or lower opening price with the Doji, and it should close well into the white candlestick that appears at the beginning of the pattern. The extent of how low this candlestick must close is defined according to the other candlesticks belonging to the pattern. The third day’s closing must reach the midpoint between the first day’s opening and the second day’s highest body level.
Trader’s Behavior
An uptrend is being observed, and the white candlestick confirms the continuation of the uptrend. The appearance of the Doji accompanied by a gap indicates that bulls are still pushing up the price. However, this tight price action between the open and the close also shows indecision. On the third day, prices gap lower on the open and then close much lower. Bears have taken control of the market.
Sell/Stop Loss Levels
The confirmation level is defined as the last close. 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.
Pattern Performance in Stock Exchanges since 1/1/2014
Stock Exchange 
Per Trade 
Total Net% Descending
NorwayOSE 32266.67100.008.500.008.50
QatarQE 332100.0066.678.671.007.67
IndonesiaIDX 555100.00100.007.600.007.60
ChinaSZSE 156765548.7272.376.861.045.82
BelgiumBRUSSELS 87687.5085.715.860.145.71
USAMEX 27191170.3757.895.680.585.11
ChinaSSE 97523353.6163.465.310.524.79
TaiwanTWSE 2115771.4346.676.131.874.27
BrazilBOVESPA 2013965.0069.235.691.544.15
Saudi ArabiaTADAWUL 127558.3371.434.290.144.14
USOTC PINK 50352370.0065.715.311.314.00
SwedenSTOCKHOLM 127658.3385.714.290.294.00
Austria WIENERBORSE 222100.00100.003.500.003.50
ArgentinaBUE 43375.00100.003.330.003.33
South KoreaKOSDAQ 68473369.1270.214.190.873.32
PakistanKSE 1612775.0058.336.173.083.08
IndiaBSE 147976065.9961.864.201.203.00
USWARRANTS 111100.00100.
UAEUAE 111100.00100.
RussiaMICEX 52240.00100.
TaiwanGTSM 128666.6775.003.130.502.63
ItalyBORSA 55422976.3669.052.860.452.40
Hong KongHKEX 36261572.2257.693.811.502.31
South KoreaKRX 56382267.8657.892.950.682.26
FrancePARIS 36272275.0081.482.480.222.26
The World 2535165799865.3360.273.110.852.26
AustraliaASX 20161280.0075.
MalaysiaBURSA 21150.00100.
TaiwanGTSM 222100.00100.
BangladeshDSE 21150.00100.
IndiaNSE 111754766.6763.513.041.051.99
GermanyXETRA 67442765.6761.362.950.981.98
USNASDAQ 32521412165.8556.542.890.941.95
SpainIBEX 97677.7885.711.860.001.86
MalaysiaBURSA 43275.0066.672.330.671.67
EgyptEGX 53160.0033.335.674.001.67
UKLSE 74482664.8654.172.310.691.63
NetherlandsAMSTERDAM 1715988.2460.002.070.471.60
Poland GPW 1411778.5763.642.360.821.55
Vietnam HOSE 54280.0050.002.000.501.50
CanadaTSX 70492970.0059.182.140.651.49
JapanTOKYO 1751025758.2955.882.410.951.46
RussiaMICEX 156240.0033.332.331.001.33
USNYSE 32121810967.9150.002.050.721.33
PortugalLISBON 443100.0075.002.751.501.25
IsraelTASE 1811761.1163.641.640.451.18
USFOREX 111100.00100.
PhilippinesPSE 222100.00100.
TurkeyBIST 76385.7150.
SwedenSTOCKHOLM 111100.00100.
SwitzerlandSIX 159760.0077.781.330.331.00
South KoreaKOSDAQ 221100.0050.001.500.501.00
ChileBCS 222100.00100.000.500.000.50
Poland GPW 32266.67100.000.500.000.50
NorwayOSE 221100.0050.000.500.000.50
USPREFERRED 1811661.1154.550.640.270.36
IsraelTASE 111100.00100.
IndonesiaIDX 1000.
UAEUAE 2000.
JapanTOKYO 1000.
BrazilBOVESPA 2000.
DenmarkCOPENHAGEN 2000.
CanadaTSX 2000.
UKLSE 1000.
MexicoBMV 773100.0042.860.290.57-0.29
JapanFUKUOKA 110100.
CanadaTSX-V 443100.0075.008.7511.00-2.25
DenmarkCOPENHAGEN 74157.1425.000.002.50-2.50
CanadaCSE 110100.000.000.0027.00-27.00
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© family websites


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