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
QatarQE 331100.0033.338.331.337.00
IndonesiaIDX 554100.0080.006.800.006.80
SingaporeSGX 111100.00100.
NorwayOSE 85462.5080.
USAMEX 25181272.0066.676.330.785.56
ArgentinaBUE 111100.00100.
Greece ATHENS 222100.00100.
ChinaSZSE 2281247954.3963.716.121.514.61
TaiwanGTSM 32266.67100.004.500.004.50
TaiwanTWSE 25181072.0055.566.061.724.33
SwitzerlandSIX 111100.00100.
BelgiumBRUSSELS 109590.0055.564.220.443.78
USOTC PINK 71522673.2450.005.962.273.69
Saudi ArabiaTADAWUL 127458.3357.144.000.433.57
ChinaSSE 136743554.4147.304.461.073.39
SpainIBEX 128766.6787.503.500.133.38
RussiaMICEX 63350.00100.003.330.003.33
PakistanKSE 25211484.0066.675.382.103.29
Austria WIENERBORSE 111100.00100.
BelgiumBRUSSELS 111100.00100.
GermanyXETRA 111100.00100.
SpainIBEX 111100.00100.
Greece ATHENS 111100.00100.
FrancePARIS 111100.00100.
ItalyBORSA 111100.00100.
JapanNAGOYA 21150.00100.
NetherlandsAMSTERDAM 111100.00100.
PortugalLISBON 111100.00100.
GermanyXETRA 86553463.9561.823.111.042.07
South KoreaKOSDAQ 81573470.3759.653.541.512.04
ThailandSET 111100.00100.
ArgentinaBUE 43275.0066.672.000.002.00
FrancePARIS 49352671.4374.292.310.312.00
UAEUAE 111100.00100.
JapanTOKYO 31133.33100.
IndiaBSE 1841287069.5754.693.641.801.84
ItalyBORSA 75533170.6758.492.380.551.83
IndiaNSE 1471015868.7157.433.181.361.82
The World 31602083112565.9254.012.871.141.73
USNASDAQ 2821798863.4849.162.931.241.69
Austria WIENERBORSE 332100.0066.672.000.331.67
MalaysiaBURSA 333100.00100.001.670.001.67
South KoreaKRX 81572770.3747.372.671.001.67
TaiwanGTSM 158553.3362.502.500.881.63
AustraliaASX 28221578.5768.181.860.271.59
BrazilBOVESPA 28231282.1452.173.041.521.52
South KoreaKOSDAQ 43375.00100.001.330.001.33
BangladeshDSE 63250.0066.671.330.001.33
Hong KongHKEX 40301475.0046.673.232.001.23
UKLSE 89603167.4251.672.170.951.22
CanadaTSX 89613268.5452.462.150.931.21
JapanTOKYO 2531598062.8550.312.191.161.03
MalaysiaBURSA 43175.0033.332.001.001.00
USFOREX 222100.00100.
SwedenSTOCKHOLM 111100.00100.
USWARRANTS 111100.00100.
UAEUAE 53360.00100.
NetherlandsAMSTERDAM 16169100.0056.251.440.500.94
Vietnam HOSE 86375.0050.002.171.330.83
SwedenSTOCKHOLM 2415962.5060.002.331.530.80
USNYSE 43429813068.6643.621.691.010.68
PortugalLISBON 553100.0060.001.801.200.60
SingaporeSGX 32166.6750.001.000.500.50
ChileBCS 32266.67100.000.500.000.50
NorwayOSE 221100.0050.000.500.000.50
PhilippinesPSE 222100.00100.000.500.000.50
Poland GPW 32266.67100.000.500.000.50
MexicoBMV 10105100.0050.000.800.500.30
TurkeyBIST 107370.0042.860.860.570.29
RussiaMICEX 198242.1125.001.631.380.25
IsraelTASE 2413754.1753.850.770.540.23
Vietnam HOSE 1000.
UKLSE 1000.
ThailandSET 1000.
USPREFERRED 2213659.0946.150.380.380.00
BrazilBOVESPA 2000.
CanadaTSX 2000.
Hong KongHKEX 1000.
IsraelTASE 111100.00100.
IndonesiaIDX 2000.
DenmarkCOPENHAGEN 2000.
IndiaNSE 111100.00100.
EgyptEGX 85162.5020.003.203.60-0.40
Poland GPW 1511673.3354.550.911.36-0.45
AustraliaASX 221100.0050.000.000.50-0.50
SwitzerlandSIX 2314560.8735.710.641.36-0.71
JapanFUKUOKA 110100.
DenmarkCOPENHAGEN 95155.5620.000.202.20-2.00
CanadaTSX-V 54380.0075.008.0010.25-2.25
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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