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
USWARRANTS 111100.00100.0022.000.0022.00
UAEUAE 332100.0066.6712.330.3312.00
CanadaTSX-V 333100.00100.0010.670.0010.67
BrazilBOVESPA 31133.33100.
QatarQE 331100.0033.338.331.337.00
IndonesiaIDX 554100.0080.006.800.006.80
SingaporeSGX 21150.00100.
ArgentinaBUE 111100.00100.
TaiwanGTSM 42250.00100.004.500.004.50
Austria WIENERBORSE 221100.0050.005.501.004.50
MexicoBMV 1714982.3564.294.570.364.21
SwitzerlandSIX 111100.00100.
TaiwanTWSE 34241470.5958.335.211.293.92
ChinaSZSE 31618411457.9162.305.131.583.54
Greece ATHENS 86575.0083.333.500.003.50
TurkeyBIST 1411678.5754.554.090.643.45
ChileBCS 333100.00100.003.330.003.33
RussiaMICEX 63350.00100.003.330.003.33
Saudi ArabiaTADAWUL 138561.5462.503.630.383.25
FrancePARIS 76554072.3772.733.580.363.22
South KoreaKOSDAQ 102754273.5356.004.731.533.20
NorwayOSE 106460.0066.674.671.503.17
PortugalLISBON 111100.00100.
Austria WIENERBORSE 111100.00100.
BelgiumBRUSSELS 111100.00100.
GermanyXETRA 111100.00100.
ChinaSSE 111100.00100.
SpainIBEX 111100.00100.
Greece ATHENS 111100.00100.
FrancePARIS 111100.00100.
ItalyBORSA 111100.00100.
JapanNAGOYA 111100.00100.
NetherlandsAMSTERDAM 111100.00100.
IndiaNSE 1921317468.2356.494.211.252.95
USAMEX 33251375.7652.004.641.802.84
NetherlandsAMSTERDAM 24221591.6768.183.140.362.77
ChinaSSE 1961135457.6547.793.821.052.77
IsraelTASE 3318854.5544.443.440.722.72
BelgiumBRUSSELS 1312592.3141.673.170.502.67
BrazilBOVESPA 47352074.4757.143.370.802.57
SpainIBEX 1510866.6780.002.900.402.50
PakistanKSE 26211480.7766.674.242.102.14
ThailandSET 111100.00100.
ArgentinaBUE 32166.6750.
JapanTOKYO 41125.00100.
SwitzerlandSIX 33221066.6745.452.770.821.95
IndiaBSE 2251538368.0054.253.651.721.93
The World 43962898158166.0454.463.001.131.86
Poland GPW 2012860.0066.673.001.171.83
BangladeshDSE 85362.5060.
JapanTOKYO 36222712862.7156.392.751.031.72
TaiwanGTSM 24161066.6762.502.691.001.69
MalaysiaBURSA 333100.00100.001.670.001.67
AustraliaASX 31241677.4266.672.210.671.54
USOTC PINK 111783972.9748.154.723.201.52
USNASDAQ 37924011863.3249.172.881.391.49
GermanyXETRA 115703960.8755.712.341.001.34
South KoreaKOSDAQ 53360.00100.001.330.001.33
ItalyBORSA 100683768.0054.411.960.651.31
USNYSE 50534617268.5149.712.180.891.29
Vietnam HOSE 119581.8255.562.671.441.22
South KoreaKRX 99653266.6748.482.231.031.20
UKLSE 135924469.6346.812.090.951.14
CanadaTSX 107733668.2249.322.661.631.03
Hong KongHKEX 51411980.3946.342.981.951.02
SwedenSTOCKHOLM 111100.00100.
MalaysiaBURSA 43175.0033.332.001.001.00
IndonesiaIDX 31133.33100.
SwedenSTOCKHOLM 46271558.7055.562.301.480.81
USFOREX 332100.0066.670.670.000.67
PortugalLISBON 65383.3360.001.801.200.60
Poland GPW 32266.67100.000.500.000.50
UAEUAE 64366.6775.000.750.250.50
SingaporeSGX 32166.6750.001.000.500.50
ChileBCS 43275.0066.670.330.000.33
NorwayOSE 331100.0033.330.330.000.33
RussiaMICEX 199347.3733.331.441.220.22
IndiaNSE 111100.00100.
MexicoBMV 1000.
PhilippinesPSE 43275.0066.670.330.330.00
CanadaTSX 31133.33100.
Hong KongHKEX 1000.
DenmarkCOPENHAGEN 2000.
UKLSE 32166.6750.000.500.500.00
ThailandSET 1000.
USPREFERRED 2712544.4441.670.330.42-0.08
AustraliaASX 221100.0050.000.000.50-0.50
EgyptEGX 107270.0028.572.713.43-0.71
Vietnam HOSE 21050.
JapanFUKUOKA 110100.
IsraelTASE 221100.0050.000.001.00-1.00
PakistanKSE 21050.
DenmarkCOPENHAGEN 1310276.9220.000.302.90-2.60
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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