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 1/1/2016
Stock Exchange 
Per Trade 
Total Net% Descending
QatarQE 664100.0066.679.330.838.50
SingaporeSGX 43275.0066.677.670.337.33
IndonesiaIDX 32166.6750.
NorwayOSE 1711864.7172.736.550.456.09
Greece ATHENS 43375.00100.005.330.005.33
ArgentinaBUE 111100.00100.
USOTC PINK 96643966.6760.946.732.094.64
TaiwanGTSM 42250.00100.004.500.004.50
PakistanKSE 36312286.1170.975.971.524.45
USAMEX 36221161.1150.005.591.324.27
MalaysiaBURSA 443100.0075.004.750.504.25
SpainIBEX 19121063.1683.334.250.084.17
SwitzerlandSIX 111100.00100.
Saudi ArabiaTADAWUL 139569.2355.563.890.333.56
RussiaMICEX 63350.00100.003.330.003.33
ChinaSZSE 31618511558.5462.164.421.383.04
ItalyBORSA 111100.00100.
NetherlandsAMSTERDAM 111100.00100.
PortugalLISBON 111100.00100.
Austria WIENERBORSE 111100.00100.
BelgiumBRUSSELS 111100.00100.
SpainIBEX 111100.00100.
Greece ATHENS 111100.00100.
FrancePARIS 111100.00100.
GermanyXETRA 111100.00100.
Vietnam HOSE 97577.7871.433.430.712.71
TaiwanTWSE 33241272.7350.003.540.882.67
ChinaSSE 1911236364.4051.223.610.952.66
BangladeshDSE 96466.6766.672.670.172.50
IndiaNSE 2211528568.7855.923.731.302.43
ThailandSET 111100.00100.
JapanTOKYO 31133.33100.
UAEUAE 21150.00100.
TaiwanGTSM 35181151.4361.112.830.891.94
FrancePARIS 63443069.8468.182.340.411.93
BelgiumBRUSSELS 1211691.6754.552.360.451.91
The World 43412873155066.1853.952.831.101.73
IndiaBSE 2541759468.9053.713.411.691.72
MalaysiaBURSA 333100.00100.001.670.001.67
NetherlandsAMSTERDAM 28211375.0061.902.000.381.62
CanadaTSX 109683762.3954.412.370.761.60
South KoreaKOSDAQ 98653566.3353.853.081.491.58
GermanyXETRA 107653460.7552.312.721.201.52
JapanTOKYO 35122812264.9653.512.641.161.48
TurkeyBIST 159460.0044.441.780.331.44
South KoreaKRX 105723668.5750.002.430.991.44
UKLSE 125854968.0057.652.260.821.44
USNASDAQ 41526513063.8649.062.781.351.43
South KoreaKOSDAQ 43375.00100.001.330.001.33
USNYSE 56538318567.7948.302.170.931.24
BrazilBOVESPA 49331567.3545.452.120.911.21
Poland GPW 29211172.4152.382.140.951.19
SwedenSTOCKHOLM 111100.00100.
IndonesiaIDX 31133.33100.
USFOREX 222100.00100.
ItalyBORSA 102693967.6556.521.650.680.97
Hong KongHKEX 59442174.5847.732.771.950.82
SwitzerlandSIX 37261270.2746.151.350.540.81
EgyptEGX 128266.6725.003.382.750.63
SingaporeSGX 32166.6750.001.000.500.50
Poland GPW 32266.67100.000.500.000.50
NorwayOSE 221100.0050.000.500.000.50
UAEUAE 64366.6775.000.750.250.50
SwedenSTOCKHOLM 41251460.9856.001.681.240.44
Austria WIENERBORSE 87487.5057.140.860.430.43
AustraliaASX 34261576.4757.691.150.770.38
USPREFERRED 3019963.3347.370.680.320.37
PhilippinesPSE 332100.0066.670.670.330.33
PortugalLISBON 663100.0050.001.501.170.33
ChileBCS 43275.0066.670.330.000.33
IsraelTASE 3015750.0046.670.670.600.07
UKLSE 1000.
ThailandSET 1000.
BrazilBOVESPA 2000.
CanadaTSX 2000.
ArgentinaBUE 1000.
Hong KongHKEX 1000.
IsraelTASE 111100.00100.
DenmarkCOPENHAGEN 2000.
ChileBCS 1000.
MexicoBMV 1000.
IndiaNSE 111100.00100.
MexicoBMV 1613481.2530.770.310.62-0.31
AustraliaASX 221100.0050.000.000.50-0.50
CanadaTSX-V 65483.3380.007.408.20-0.80
Vietnam HOSE 21050.
PakistanKSE 21050.
JapanNAGOYA 110100.
JapanFUKUOKA 110100.
DenmarkCOPENHAGEN 128466.6750.000.381.88-1.50
RussiaMICEX 2011355.0027.270.552.82-2.27
CanadaCSE 42150.0050.000.0013.50-13.50
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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