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
SingaporeSGX 222100.00100.0011.500.0011.50
ArgentinaBUE 111100.00100.
Poland GPW 105450.0080.005.200.404.80
NorwayOSE 118672.7375.005.881.134.75
TaiwanGTSM 42250.00100.004.500.004.50
Greece ATHENS 43275.0066.675.331.334.00
SwitzerlandSIX 111100.00100.
PakistanKSE 20171385.0076.474.941.243.71
RussiaMICEX 63350.00100.003.330.003.33
ArgentinaBUE 221100.0050.
Austria WIENERBORSE 111100.00100.
BelgiumBRUSSELS 111100.00100.
SpainIBEX 111100.00100.
GermanyXETRA 111100.00100.
FrancePARIS 111100.00100.
Greece ATHENS 111100.00100.
ItalyBORSA 111100.00100.
NetherlandsAMSTERDAM 111100.00100.
PortugalLISBON 111100.00100.
TaiwanTWSE 2114966.6764.293.710.862.86
USOTC PINK 73512669.8650.986.063.272.78
IndiaNSE 136965870.5960.423.600.952.66
SpainIBEX 1310776.9270.003.200.602.60
UKLSE 75492565.3351.023.390.882.51
BelgiumBRUSSELS 662100.0033.332.830.502.33
TaiwanGTSM 1710658.8260.
ThailandSET 111100.00100.
Vietnam HOSE 108580.0062.503.001.002.00
JapanTOKYO 31133.33100.
ChinaSZSE 2091257459.8159.203.461.541.93
FrancePARIS 43271862.7966.672.330.411.93
IndiaBSE 1581126270.8955.363.191.461.72
MalaysiaBURSA 333100.00100.001.670.001.67
Hong KongHKEX 29211172.4152.383.001.381.62
USNASDAQ 2621759067.5650.852.641.141.51
IndonesiaIDX 32166.6750.001.500.001.50
The World 2725184298367.7453.252.551.141.41
BangladeshDSE 75471.4380.001.600.201.40
CanadaTSX 67472470.1551.062.130.771.36
South KoreaKOSDAQ 43375.00100.001.330.001.33
USNYSE 30520910368.5249.282.160.841.32
South KoreaKOSDAQ 64462071.8843.483.151.891.26
AustraliaASX 24191479.1773.682.110.891.21
ItalyBORSA 59341957.6355.881.850.651.21
SwitzerlandSIX 2215868.1853.331.530.471.07
SwedenSTOCKHOLM 111100.00100.
USFOREX 222100.00100.
MexicoBMV 108680.0075.
IndonesiaIDX 31133.33100.
GermanyXETRA 67432164.1848.842.091.140.95
ChinaSSE 129814062.7949.382.191.270.91
South KoreaKRX 67441867.1640.001.961.070.89
JapanTOKYO 2231577670.4048.412.021.200.82
PortugalLISBON 331100.0033.331.330.670.67
Austria WIENERBORSE 554100.0080.001.000.400.60
SingaporeSGX 32166.6750.001.000.500.50
JapanNAGOYA 221100.0050.001.501.000.50
IsraelTASE 1710458.8240.001.000.500.50
UAEUAE 64366.6775.000.750.250.50
NorwayOSE 221100.0050.000.500.000.50
Poland GPW 32266.67100.000.500.000.50
ChileBCS 43275.0066.670.330.000.33
PhilippinesPSE 332100.0066.670.670.330.33
TurkeyBIST 1610562.5050.001.701.400.30
SwedenSTOCKHOLM 2615857.6953.331.731.530.20
USAMEX 2821875.0038.
NetherlandsAMSTERDAM 1311684.6254.550.450.360.09
UKLSE 1000.
ThailandSET 1000.
BrazilBOVESPA 2000.
CanadaTSX 2000.
Hong KongHKEX 1000.
IsraelTASE 111100.00100.
DenmarkCOPENHAGEN 2000.
IndiaNSE 111100.00100.
BrazilBOVESPA 30241083.3340.001.721.84-0.12
RussiaMICEX 105150.0020.001.001.20-0.20
Saudi ArabiaTADAWUL 129375.0033.330.670.89-0.22
USPREFERRED 178247.0625.000.130.63-0.50
AustraliaASX 221100.0050.000.000.50-0.50
MalaysiaBURSA 32166.6750.000.501.00-0.50
UAEUAE 221100.0050.001.001.50-0.50
Vietnam HOSE 21050.
KuwaitKSE 110100.
JapanFUKUOKA 110100.
PakistanKSE 21050.
DenmarkCOPENHAGEN 75171.4320.000.201.40-1.20
EgyptEGX 63150.0033.330.331.67-1.33
QatarQE 110100.
CanadaTSX-V 442100.0050.006.5010.75-4.25
CanadaCSE 32066.670.000.0021.50-21.50
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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