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 1/1/2015
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 173836047.9872.297.300.986.33
USOTC PINK 60412668.3363.416.981.345.63
BelgiumBRUSSELS 98788.8987.505.130.135.00
ChinaSSE 105573554.2961.405.160.494.67
USAMEX 32231471.8860.875.350.744.61
TaiwanGTSM 222100.00100.004.500.004.50
Saudi ArabiaTADAWUL 127558.3371.434.290.144.14
TaiwanTWSE 2316869.5750.005.811.754.06
SwedenSTOCKHOLM 169856.2588.893.890.223.67
PakistanKSE 1713876.4761.546.462.853.62
Austria WIENERBORSE 222100.00100.003.500.003.50
BrazilBOVESPA 2115971.4360.004.931.473.47
RussiaMICEX 63350.00100.003.330.003.33
ArgentinaBUE 43375.00100.003.330.003.33
South KoreaKOSDAQ 73513569.8668.634.081.003.08
USWARRANTS 111100.00100.
UAEUAE 111100.00100.
South KoreaKOSDAQ 21150.00100.
IndiaBSE 1551046466.4562.
TaiwanGTSM 138661.5475.003.130.502.63
FrancePARIS 42292469.0582.762.830.212.62
USNASDAQ 2271428563.0059.443.521.002.52
ItalyBORSA 61453173.7768.892.800.442.36
The World 26101690103064.7560.953.190.862.33
AustraliaASX 20161280.0075.002.440.132.31
Hong KongHKEX 39291774.3658.623.861.622.24
GermanyXETRA 72452962.5064.443.090.892.20
IndiaNSE 119805267.2365.003.050.982.08
ThailandSET 111100.00100.
BangladeshDSE 21150.00100.
JapanTOKYO 31133.33100.
SpainIBEX 107670.0085.711.860.001.86
South KoreaKRX 64452570.3155.562.530.761.78
MalaysiaBURSA 333100.00100.001.670.001.67
MalaysiaBURSA 43275.0066.672.330.671.67
EgyptEGX 63150.0033.335.674.001.67
RussiaMICEX 167343.7542.862.430.861.57
CanadaTSX 73513169.8660.782.140.611.53
UKLSE 81532865.4352.832.230.721.51
JapanTOKYO 1921136358.8555.752.420.951.48
NetherlandsAMSTERDAM 1514893.3357.141.860.501.36
USNYSE 37125913069.8150.191.950.761.20
IsraelTASE 2113861.9061.541.380.381.00
UAEUAE 42250.00100.
PhilippinesPSE 222100.00100.
SwedenSTOCKHOLM 111100.00100.
PortugalLISBON 554100.0080.
USFOREX 111100.00100.
TurkeyBIST 87387.5042.861.000.140.86
Vietnam HOSE 65283.3340.001.600.800.80
ChileBCS 222100.00100.000.500.000.50
NorwayOSE 221100.0050.000.500.000.50
Poland GPW 32266.67100.000.500.000.50
SwitzerlandSIX 1911857.8972.731.180.820.36
USPREFERRED 1912663.1650.000.580.330.25
Poland GPW 1511673.3354.551.000.910.09
IsraelTASE 111100.00100.
IndonesiaIDX 2000.
BrazilBOVESPA 2000.
DenmarkCOPENHAGEN 2000.
CanadaTSX 2000.
UKLSE 1000.
ThailandSET 1000.
MexicoBMV 772100.0028.570.290.57-0.29
SingaporeSGX 110100.
JapanFUKUOKA 110100.
DenmarkCOPENHAGEN 85262.5040.000.202.00-1.80
CanadaTSX-V 443100.0075.008.7511.00-2.25
CanadaCSE 21050.000.000.0027.00-27.00
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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