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 1/1/2019
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
RussiaMICEX 63350.00100.003.330.003.33
DenmarkCOPENHAGEN 111163.6414.293.140.003.14
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
Poland GPW 32266.67100.000.500.000.50
NorwayOSE 442100.0050.000.500.000.50
SwedenSTOCKHOLM 42250.00100.000.500.000.50
Vietnam HOSE 101190.0011.110.480.000.48
AustraliaASX 332100.0066.670.670.330.33
SingaporeSGX 43175.0033.330.670.330.33
IndiaNSE 1592171.070.880.230.010.23
USNYSE 3522267.330.840.170.000.17
The World 38701267868.582.940.120.020.09
IndonesiaIDX 100100.000.000.000.000.00
IndonesiaIDX 42150.0050.000.500.500.00
Hong KongHKEX 470070.210.000.000.000.00
Hong KongHKEX 1000.000.000.000.000.00
Greece ATHENS 221100.0050.001.501.500.00
Greece ATHENS 80062.500.000.000.000.00
FrancePARIS 640070.310.000.000.000.00
FrancePARIS 221100.0050.001.501.500.00
SpainIBEX 120050.000.000.000.000.00
SpainIBEX 221100.0050.001.501.500.00
DenmarkCOPENHAGEN 31133.33100.000.000.000.00
GermanyXETRA 1080065.740.000.000.000.00
GermanyXETRA 221100.0050.001.501.500.00
ChinaSZSE 2060071.360.000.000.000.00
ChinaSSE 1510070.860.000.000.000.00
IndiaNSE 32266.67100.000.000.000.00
IndiaBSE 1740074.140.000.000.000.00
IsraelTASE 390048.720.000.000.000.00
ChileBCS 80087.500.000.000.000.00
CanadaTSX 550070.910.000.000.000.00
CanadaTSX 31133.33100.000.000.000.00
CanadaCSE 40075.000.000.000.000.00
CanadaTSX-V 200100.000.000.000.000.00
ArgentinaBUE 60066.670.000.000.000.00
SwitzerlandSIX 370067.570.000.000.000.00
AustraliaASX 390082.050.000.000.000.00
Austria WIENERBORSE 50080.000.000.000.000.00
Austria WIENERBORSE 221100.0050.001.501.500.00
BrazilBOVESPA 680067.650.000.000.000.00
BelgiumBRUSSELS 221100.0050.001.501.500.00
BelgiumBRUSSELS 500100.000.000.000.000.00
BangladeshDSE 130061.540.000.000.000.00
PhilippinesPSE 30066.670.000.000.000.00
NorwayOSE 140050.000.000.000.000.00
PortugalLISBON 40050.000.000.000.000.00
PortugalLISBON 221100.0050.001.501.500.00
Poland GPW 160062.500.000.000.000.00
RussiaMICEX 120075.000.000.000.000.00
SwedenSTOCKHOLM 650063.080.000.000.000.00
TurkeyBIST 200070.000.000.000.000.00
SingaporeSGX 30033.330.000.000.000.00
JapanTOKYO 2940070.410.000.000.000.00
NetherlandsAMSTERDAM 221100.0050.001.501.500.00
NetherlandsAMSTERDAM 220068.180.000.000.000.00
MalaysiaBURSA 1000.000.000.000.000.00
MexicoBMV 220068.180.000.000.000.00
MexicoBMV 1000.000.000.000.000.00
UAEUAE 400100.000.000.000.000.00
Saudi ArabiaTADAWUL 700100.000.000.000.000.00
KuwaitKSE 200100.000.000.000.000.00
EgyptEGX 170088.240.000.000.000.00
South KoreaKOSDAQ 790069.620.000.000.000.00
South KoreaKRX 760075.000.000.000.000.00
JapanFUKUOKA 100100.000.000.000.000.00
ItalyBORSA 221100.0050.001.501.500.00
TaiwanGTSM 230069.570.000.000.000.00
TaiwanTWSE 180072.220.000.000.000.00
USAMEX 300063.330.000.000.000.00
UKLSE 1090069.720.000.000.000.00
USNASDAQ 3810066.400.000.000.000.00
USWARRANTS 20050.000.000.000.000.00
USPREFERRED 200060.000.000.000.000.00
USOTC PINK 1010071.290.000.000.000.00
Vietnam HNX 200100.000.000.000.000.00
PakistanKSE 210085.710.000.000.000.00
ItalyBORSA 761063.160.000.000.02-0.02
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 110100.000.000.001.00-1.00
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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