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 1/1/2020
Stock Exchange 
Per Trade 
Total Net% Descending
BrazilBOVESPA 41125.00100.
ArgentinaBUE 21150.00100.
TaiwanGTSM 42250.00100.004.500.004.50
DenmarkCOPENHAGEN 101160.0016.673.660.003.66
RussiaMICEX 73342.86100.003.330.003.33
ChinaSSE 111100.00100.
JapanTOKYO 41125.00100.
FOREXFOREX 31133.33100.
ThailandSET 21150.00100.
MalaysiaBURSA 333100.00100.001.670.001.67
South KoreaKOSDAQ 53360.00100.001.330.001.33
SwitzerlandSIX 221100.0050.
ChileBCS 75371.4360.
UAEUAE 75471.4380.
USFOREX 332100.0066.670.670.000.67
Poland GPW 32266.67100.000.500.000.50
SwedenSTOCKHOLM 42250.00100.000.500.000.50
NorwayOSE 442100.0050.000.500.000.50
Vietnam HOSE 111181.8211.110.480.000.48
AustraliaASX 332100.0066.670.670.330.33
SingaporeSGX 43175.0033.330.670.330.33
IndiaNSE 1552172.260.890.230.010.23
The World 38531207469.692.760.100.020.08
Greece ATHENS 221100.0050.001.501.500.00
Greece ATHENS 80075.
FrancePARIS 620066.
FrancePARIS 221100.0050.001.501.500.00
SpainIBEX 100060.
SpainIBEX 221100.0050.001.501.500.00
DenmarkCOPENHAGEN 31133.33100.
IndonesiaIDX 100100.
IndonesiaIDX 42150.0050.000.500.500.00
Hong KongHKEX 560067.860.
GermanyXETRA 1340070.900.
GermanyXETRA 221100.0050.001.501.500.00
ChinaSZSE 2390070.
ChinaSSE 1850074.
CanadaTSX 620066.
CanadaTSX 41125.00100.
CanadaCSE 200100.
CanadaTSX-V 100100.
ArgentinaBUE 100070.
SwitzerlandSIX 330075.760.
AustraliaASX 330081.820.
Austria WIENERBORSE 120075.
Austria WIENERBORSE 221100.0050.001.501.500.00
BrazilBOVESPA 600066.670.
BelgiumBRUSSELS 221100.0050.001.501.500.00
BelgiumBRUSSELS 60083.330.
BangladeshDSE 160062.500.
JapanTOKYO 3250070.460.
NetherlandsAMSTERDAM 221100.0050.001.501.500.00
NetherlandsAMSTERDAM 250080.
PhilippinesPSE 40075.
NorwayOSE 130061.540.
RussiaMICEX 110054.550.
SwedenSTOCKHOLM 640065.630.
PortugalLISBON 2000.
PortugalLISBON 221100.0050.001.501.500.00
Poland GPW 170058.820.
EgyptEGX 140085.710.
South KoreaKOSDAQ 930073.
South KoreaKRX 890074.
MalaysiaBURSA 1000.
MexicoBMV 290065.520.
MexicoBMV 1000.
UAEUAE 40050.
Saudi ArabiaTADAWUL 700100.
KuwaitKSE 200100.
IndiaNSE 32266.67100.
IndiaBSE 1590072.960.
IsraelTASE 340044.
ChileBCS 70085.710.
JapanNAGOYA 100100.
ItalyBORSA 840066.670.
ItalyBORSA 221100.0050.001.501.500.00
Vietnam HNX 500100.
PakistanKSE 240087.500.
USAMEX 430065.
UKLSE 1190073.
USOTC PINK 780067.950.
USNYSE 4290066.670.
USNASDAQ 4130066.830.
TaiwanGTSM 210071.430.
TaiwanTWSE 240087.500.
TurkeyBIST 200070.
SingaporeSGX 30033.330.
IsraelTASE 43275.0066.670.330.67-0.33
UKLSE 43175.0033.330.331.00-0.67
Vietnam HOSE 53060.
PhilippinesPSE 220100.
PakistanKSE 32066.670.000.001.00-1.00
Hong KongHKEX 21050.
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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