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 1/1/2017
Stock Exchange 
Per Trade 
Total Net% Descending
NorwayOSE 85562.50100.008.400.008.40
ChileBCS 111100.00100.
QatarQE 331100.0033.338.331.337.00
IndonesiaIDX 554100.0080.006.800.006.80
SingaporeSGX 21150.00100.
Greece ATHENS 53360.00100.005.330.005.33
ArgentinaBUE 111100.00100.
TaiwanGTSM 42250.00100.004.500.004.50
SwitzerlandSIX 111100.00100.
ChinaSZSE 28616610458.0462.655.421.463.96
TaiwanTWSE 31211267.7457.145.291.483.81
Saudi ArabiaTADAWUL 138561.5462.503.750.383.38
RussiaMICEX 63350.00100.003.330.003.33
PakistanKSE 26221584.6268.
USAMEX 35251371.4352.004.601.443.16
SpainIBEX 139869.2388.893.220.113.11
PortugalLISBON 111100.00100.
ItalyBORSA 111100.00100.
SpainIBEX 111100.00100.
JapanNAGOYA 21150.00100.
NetherlandsAMSTERDAM 111100.00100.
Austria WIENERBORSE 111100.00100.
BelgiumBRUSSELS 111100.00100.
ChinaSSE 173984856.6548.984.041.043.00
GermanyXETRA 111100.00100.
Greece ATHENS 111100.00100.
FrancePARIS 111100.00100.
BelgiumBRUSSELS 1211591.6745.453.450.552.91
South KoreaKOSDAQ 87623671.2658.064.051.552.50
IndiaNSE 1771226768.9354.923.381.302.08
ThailandSET 111100.00100.
Vietnam HOSE 108580.0062.503.001.002.00
ArgentinaBUE 32166.6750.
UAEUAE 111100.00100.
JapanTOKYO 31133.33100.
FrancePARIS 59413069.4973.172.200.321.88
BangladeshDSE 85362.5060.
IndiaBSE 2111477869.6753.063.511.731.78
BrazilBOVESPA 42311673.8151.613.001.291.71
The World 37992526136266.5253.902.851.141.70
USOTC PINK 90623170.0049.214.703.001.70
MalaysiaBURSA 333100.00100.001.670.001.67
USNASDAQ 34221810763.7449.082.951.311.65
CanadaTSX 97643465.9853.132.560.921.64
Austria WIENERBORSE 443100.0075.001.750.251.50
South KoreaKRX 99693369.7047.832.491.001.49
GermanyXETRA 97633764.9558.732.380.971.41
UKLSE 109753768.8149.332.391.001.39
South KoreaKOSDAQ 43375.00100.001.330.001.33
JapanTOKYO 31419810763.0654.042.361.081.29
ItalyBORSA 95663669.4754.551.970.701.27
Hong KongHKEX 49381777.5544.743.132.031.11
Poland GPW 1812766.6758.332.331.251.08
AustraliaASX 30241680.0066.671.750.671.08
SwedenSTOCKHOLM 111100.00100.
USFOREX 222100.00100.
IndonesiaIDX 31133.33100.
NetherlandsAMSTERDAM 21191290.4863.161.420.421.00
MalaysiaBURSA 43175.0033.332.001.001.00
USNYSE 46631914968.4546.711.940.980.96
TaiwanGTSM 2314860.8757.
MexicoBMV 1312792.3158.331.080.420.67
SwitzerlandSIX 28191067.8652.631.320.680.63
TurkeyBIST 118472.7350.001.130.500.63
PortugalLISBON 553100.0060.001.801.200.60
SwedenSTOCKHOLM 31171154.8464.711.881.350.53
NorwayOSE 221100.0050.000.500.000.50
Poland GPW 32266.67100.000.500.000.50
UAEUAE 64366.6775.000.750.250.50
SingaporeSGX 32166.6750.001.000.500.50
IsraelTASE 2817860.7147.061.000.650.35
ChileBCS 43275.0066.670.330.000.33
RussiaMICEX 198242.1125.001.631.380.25
MexicoBMV 1000.
PhilippinesPSE 332100.0066.670.330.330.00
IndiaNSE 111100.00100.
BrazilBOVESPA 2000.
CanadaTSX 2000.
Hong KongHKEX 1000.
IsraelTASE 111100.00100.
DenmarkCOPENHAGEN 2000.
ThailandSET 1000.
USPREFERRED 2413554.1738.460.310.46-0.15
EgyptEGX 85162.5020.003.203.60-0.40
UKLSE 32166.6750.000.000.50-0.50
AustraliaASX 221100.0050.000.000.50-0.50
Vietnam HOSE 21050.
PakistanKSE 21050.
JapanFUKUOKA 110100.
DenmarkCOPENHAGEN 107270.0028.570.432.14-1.71
CanadaTSX-V 443100.0075.008.0010.25-2.25
CanadaCSE 32166.6750.000.0013.50-13.50
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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