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 1/1/2021
Stock Exchange 
Per Trade 
Total Net% Descending
DenmarkCOPENHAGEN 138461.5450.0010.341.868.48
BrazilBOVESPA 51120.00100.
EgyptEGX 1211791.6763.646.800.945.86
PhilippinesPSE 65383.3360.006.010.335.68
ArgentinaBUE 21150.00100.
MexicoBMV 30211370.0061.906.261.404.87
CanadaTSX-V 333100.00100.004.690.004.69
TaiwanGTSM 42250.00100.004.500.004.50
TurkeyBIST 25191276.0063.165.100.844.26
IsraelTASE 42231254.7652.174.871.123.76
SwitzerlandSIX 42321976.1959.384.350.643.71
Hong KongHKEX 66463069.7065.224.660.983.68
RussiaMICEX 73342.86100.003.330.003.33
BrazilBOVESPA 80532966.2554.724.070.873.20
NorwayOSE 159660.0066.675.532.333.20
USOTC PINK 99663569.7050.725.142.043.10
South KoreaKOSDAQ 118895475.4260.674.551.513.04
UAEUAE 111100.00100.002.840.002.84
PakistanKSE 33251475.7656.003.761.042.72
FrancePARIS 60392165.0053.853.631.042.59
TaiwanTWSE 30241680.0066.673.250.832.42
IndiaNSE 1901387272.6352.173.661.292.37
SpainIBEX 138561.5462.503.280.962.31
JapanTOKYO 37726014768.9756.543.200.932.27
BelgiumBRUSSELS 87387.5042.863.691.452.23
SwedenSTOCKHOLM 71502870.4256.003.501.292.21
TaiwanGTSM 27191170.3757.892.740.602.13
USNASDAQ 44529416366.0755.443.871.752.12
NetherlandsAMSTERDAM 34251373.5352.002.630.602.03
ChinaSSE 24718411074.4959.783.021.002.02
ThailandSET 21150.00100.
JapanTOKYO 41125.00100.
FOREXFOREX 31133.33100.
ChinaSZSE 31222215371.1568.922.920.941.98
ChileBCS 75271.4340.
The World 45983199177770.0755.152.931.181.76
Vietnam HNX 553100.0060.002.701.011.70
MalaysiaBURSA 333100.00100.001.670.001.67
CanadaTSX 70492670.0053.062.981.341.65
ChinaSSE 222100.00100.001.500.001.50
ItalyBORSA 109743767.8950.002.090.681.41
ChileBCS 86475.0066.671.330.001.33
South KoreaKOSDAQ 53360.00100.001.330.001.33
KuwaitKSE 111100.00100.001.330.001.33
Poland GPW 2718866.6744.442.621.501.12
USNYSE 49733816068.0147.342.151.041.11
USAMEX 47361476.6038.892.211.191.02
SwitzerlandSIX 221100.0050.
South KoreaKRX 107754070.0953.332.061.120.94
ArgentinaBUE 73242.8666.672.551.700.85
UAEUAE 75471.4380.
IndiaBSE 2091517872.2551.663.152.370.78
AustraliaASX 443100.0075.
USFOREX 332100.0066.670.670.000.67
UKLSE 1551065268.3949.061.831.290.54
Poland GPW 32266.67100.000.500.000.50
DenmarkCOPENHAGEN 42250.00100.000.500.000.50
SwedenSTOCKHOLM 42250.00100.000.500.000.50
NorwayOSE 442100.0050.000.500.000.50
AustraliaASX 36251169.4444.002.021.630.39
SingaporeSGX 54180.0025.000.500.250.25
Vietnam HOSE 1513686.6746.151.601.450.16
QatarQE 221100.0050.002.452.320.13
BangladeshDSE 1712670.5950.001.611.490.13
Saudi ArabiaTADAWUL 10105100.0050.001.881.780.11
RussiaMICEX 120058.330.
PortugalLISBON 2000.
PortugalLISBON 221100.0050.001.501.500.00
SingaporeSGX 2000.
GermanyXETRA 221100.0050.001.501.500.00
CanadaTSX 41125.00100.
Greece ATHENS 221100.0050.001.501.500.00
FrancePARIS 221100.0050.001.501.500.00
SpainIBEX 221100.0050.001.501.500.00
Austria WIENERBORSE 221100.0050.001.501.500.00
BelgiumBRUSSELS 221100.0050.001.501.500.00
JapanFUKUOKA 1000.
ItalyBORSA 221100.0050.001.501.500.00
IndonesiaIDX 42150.0050.000.500.500.00
IndiaNSE 32266.67100.
NetherlandsAMSTERDAM 221100.0050.001.501.500.00
MexicoBMV 1000.
GermanyXETRA 1671225373.0543.441.341.43-0.09
IsraelTASE 43275.0066.670.330.67-0.33
Greece ATHENS 75271.4340.001.201.57-0.37
CanadaCSE 221100.0050.0016.8517.32-0.47
Vietnam HOSE 53060.
UKLSE 43175.0033.330.331.00-0.67
IndonesiaIDX 110100.
Hong KongHKEX 21050.
PakistanKSE 32066.670.000.001.00-1.00
PhilippinesPSE 220100.
MalaysiaBURSA 21050.
Austria WIENERBORSE 149564.2955.561.614.16-2.55
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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