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 1/1/2018
Stock Exchange 
Per Trade 
Total Net% Descending
USWARRANTS 111100.00100.0022.000.0022.00
UAEUAE 443100.0075.009.500.758.75
BrazilBOVESPA 31133.33100.
EgyptEGX 1511773.3363.647.820.827.00
SingaporeSGX 21150.00100.
CanadaTSX-V 221100.0050.
MexicoBMV 18141077.7871.436.570.645.93
ArgentinaBUE 21150.00100.
TaiwanGTSM 42250.00100.004.500.004.50
Austria WIENERBORSE 221100.0050.005.501.004.50
Poland GPW 147550.0071.434.860.574.29
IsraelTASE 2413554.1738.464.690.624.08
SwitzerlandSIX 111100.00100.
IndiaNSE 1651156969.7060.004.300.943.36
FrancePARIS 61412867.2168.294.100.763.34
RussiaMICEX 63350.00100.003.330.003.33
TurkeyBIST 2115871.4353.334.531.273.27
NetherlandsAMSTERDAM 1713876.4761.543.460.313.15
ArgentinaBUE 221100.0050.
Austria WIENERBORSE 111100.00100.
BelgiumBRUSSELS 111100.00100.
GermanyXETRA 111100.00100.
ChinaSSE 111100.00100.
Greece ATHENS 111100.00100.
SpainIBEX 111100.00100.
ItalyBORSA 111100.00100.
FrancePARIS 111100.00100.
PortugalLISBON 111100.00100.
NetherlandsAMSTERDAM 111100.00100.
South KoreaKOSDAQ 82632876.8344.444.651.782.87
Greece ATHENS 65383.3360.003.601.002.60
SwitzerlandSIX 32221168.7550.002.910.552.36
PakistanKSE 24191479.1773.683.531.322.21
UKLSE 109733566.9747.953.110.932.18
TaiwanTWSE 25171168.0064.712.820.712.12
USOTC PINK 104753972.1252.005.403.292.11
ChinaSZSE 27517310862.9162.433.521.492.03
ThailandSET 111100.00100.
TaiwanGTSM 2013865.0061.543.081.082.00
JapanTOKYO 41125.00100.
BelgiumBRUSSELS 772100.0028.572.430.432.00
SpainIBEX 1712770.5958.332.671.001.67
MalaysiaBURSA 333100.00100.001.670.001.67
The World 39402642142667.0853.952.721.141.57
IndiaBSE 1831257168.3156.802.981.421.56
Hong KongHKEX 40311777.5054.842.871.321.55
IndonesiaIDX 32166.6750.001.500.001.50
CanadaTSX 91663372.5350.003.171.711.45
SwedenSTOCKHOLM 50311962.0061.292.350.941.42
AustraliaASX 34271779.4162.962.040.631.41
ChinaSSE 1691065562.7251.892.571.181.39
JapanTOKYO 31221211467.9553.772.431.081.36
South KoreaKOSDAQ 53360.00100.001.330.001.33
USNYSE 39126613368.0350.002.170.881.29
Vietnam HOSE 119581.8255.562.671.441.22
GermanyXETRA 94552758.5149.092.040.951.09
USNASDAQ 36523611664.6649.152.611.531.08
NorwayOSE 1410571.4350.003.302.301.00
IndonesiaIDX 31133.33100.
ChileBCS 442100.0050.
SwedenSTOCKHOLM 111100.00100.
ItalyBORSA 83522662.6550.001.670.810.87
BrazilBOVESPA 48361675.0044.441.891.170.72
USFOREX 332100.0066.670.670.000.67
PortugalLISBON 43175.0033.331.330.670.67
UAEUAE 64366.6775.000.750.250.50
JapanNAGOYA 221100.0050.001.501.000.50
NorwayOSE 442100.0050.000.500.000.50
Poland GPW 32266.67100.000.500.000.50
South KoreaKRX 80522365.0044.231.381.000.38
SingaporeSGX 43175.0033.330.670.330.33
PhilippinesPSE 43275.0066.670.670.330.33
BangladeshDSE 97577.7871.432.292.000.29
RussiaMICEX 118372.7337.501.130.880.25
ChileBCS 64266.6750.
USAMEX 3224978.1336.002.081.920.16
IndiaNSE 111100.00100.
MexicoBMV 1000.
CanadaTSX 31133.33100.
Hong KongHKEX 1000.
DenmarkCOPENHAGEN 31133.33100.
USPREFERRED 198342.1137.500.380.380.00
ThailandSET 1000.
UKLSE 32166.6750.000.500.500.00
IsraelTASE 332100.0066.670.330.67-0.33
AustraliaASX 221100.0050.000.000.50-0.50
MalaysiaBURSA 32166.6750.000.501.00-0.50
Saudi ArabiaTADAWUL 1512580.0041.670.921.50-0.58
Vietnam HOSE 21050.
KuwaitKSE 110100.
JapanFUKUOKA 110100.
PakistanKSE 21050.
QatarQE 110100.
DenmarkCOPENHAGEN 118172.7312.500.132.63-2.50
CanadaCSE 64166.6725.000.7519.50-18.75
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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