BEARISH EVENING 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 EVENING DOJI STAR
Definition
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.
Title
Pattern Performance in Stock Exchanges since 1/1/2020
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
BrazilBOVESPA 41125.00100.008.000.008.00
ArgentinaBUE 21150.00100.005.000.005.00
TaiwanGTSM 42250.00100.004.500.004.50
DenmarkCOPENHAGEN 101160.0016.673.660.003.66
RussiaMICEX 73342.86100.003.330.003.33
ChinaSSE 111100.00100.003.000.003.00
JapanTOKYO 41125.00100.002.000.002.00
ThailandSET 21150.00100.002.000.002.00
FOREXFOREX 31133.33100.002.000.002.00
MalaysiaBURSA 333100.00100.001.670.001.67
South KoreaKOSDAQ 53360.00100.001.330.001.33
ChileBCS 75371.4360.001.000.001.00
SwitzerlandSIX 221100.0050.002.001.001.00
UAEUAE 75471.4380.001.000.200.80
USFOREX 332100.0066.670.670.000.67
Vietnam HOSE 91188.8912.500.540.000.54
Poland GPW 32266.67100.000.500.000.50
NorwayOSE 442100.0050.000.500.000.50
SwedenSTOCKHOLM 42250.00100.000.500.000.50
AustraliaASX 332100.0066.670.670.330.33
SingaporeSGX 43175.0033.330.670.330.33
IndiaNSE 1422171.830.980.260.010.25
The World 35631197469.442.990.110.020.09
IndonesiaIDX 100100.000.000.000.000.00
IndonesiaIDX 42150.0050.000.500.500.00
Hong KongHKEX 520067.310.000.000.000.00
Hong KongHKEX 1000.000.000.000.000.00
Greece ATHENS 221100.0050.001.501.500.00
Greece ATHENS 70071.430.000.000.000.00
FrancePARIS 610065.570.000.000.000.00
FrancePARIS 221100.0050.001.501.500.00
SpainIBEX 100060.000.000.000.000.00
SpainIBEX 221100.0050.001.501.500.00
DenmarkCOPENHAGEN 31133.33100.000.000.000.00
GermanyXETRA 1250067.200.000.000.000.00
GermanyXETRA 221100.0050.001.501.500.00
ChinaSZSE 2210071.040.000.000.000.00
ChinaSSE 1630071.780.000.000.000.00
IndiaNSE 32266.67100.000.000.000.00
IndiaBSE 1470072.790.000.000.000.00
IsraelTASE 310045.160.000.000.000.00
ChileBCS 70085.710.000.000.000.00
CanadaTSX 560067.860.000.000.000.00
CanadaTSX 41125.00100.000.000.000.00
CanadaCSE 300100.000.000.000.000.00
CanadaTSX-V 100100.000.000.000.000.00
ArgentinaBUE 60066.670.000.000.000.00
SwitzerlandSIX 310074.190.000.000.000.00
AustraliaASX 320078.130.000.000.000.00
Austria WIENERBORSE 50080.000.000.000.000.00
Austria WIENERBORSE 221100.0050.001.501.500.00
BrazilBOVESPA 580067.240.000.000.000.00
BelgiumBRUSSELS 221100.0050.001.501.500.00
BelgiumBRUSSELS 400100.000.000.000.000.00
BangladeshDSE 150060.000.000.000.000.00
PhilippinesPSE 40075.000.000.000.000.00
NorwayOSE 120058.330.000.000.000.00
PortugalLISBON 2000.000.000.000.000.00
PortugalLISBON 221100.0050.001.501.500.00
Poland GPW 140057.140.000.000.000.00
RussiaMICEX 60050.000.000.000.000.00
SwedenSTOCKHOLM 600066.670.000.000.000.00
TurkeyBIST 190073.680.000.000.000.00
SingaporeSGX 30033.330.000.000.000.00
JapanTOKYO 3080071.430.000.000.000.00
NetherlandsAMSTERDAM 221100.0050.001.501.500.00
NetherlandsAMSTERDAM 200080.000.000.000.000.00
MalaysiaBURSA 1000.000.000.000.000.00
MexicoBMV 270062.960.000.000.000.00
MexicoBMV 1000.000.000.000.000.00
UAEUAE 40050.000.000.000.000.00
Saudi ArabiaTADAWUL 600100.000.000.000.000.00
KuwaitKSE 200100.000.000.000.000.00
EgyptEGX 130092.310.000.000.000.00
South KoreaKOSDAQ 860072.090.000.000.000.00
South KoreaKRX 810074.070.000.000.000.00
JapanNAGOYA 100100.000.000.000.000.00
ItalyBORSA 770063.640.000.000.000.00
ItalyBORSA 221100.0050.001.501.500.00
TaiwanGTSM 200070.000.000.000.000.00
TaiwanTWSE 210085.710.000.000.000.00
USWARRANTS 20050.000.000.000.000.00
USPREFERRED 190063.160.000.000.000.00
USOTC PINK 700070.000.000.000.000.00
USNYSE 3830065.800.000.000.000.00
USNASDAQ 3820068.590.000.000.000.00
Vietnam HNX 500100.000.000.000.000.00
PakistanKSE 240087.500.000.000.000.00
USAMEX 350062.860.000.000.000.00
UKLSE 1040070.190.000.000.000.00
IsraelTASE 332100.0066.670.330.67-0.33
Vietnam HOSE 53060.000.000.000.67-0.67
UKLSE 43175.0033.330.331.00-0.67
PhilippinesPSE 220100.000.000.001.00-1.00
PakistanKSE 32066.670.000.001.00-1.00
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 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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