BEARISH EVENING DOJI STAR
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.
BEARISH EVENING DOJI STAR
Definition
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.
Title
Pattern Performance in Stock Exchanges since 1/1/2021
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
CanadaCSE 221100.0050.0016.775.1211.65
DenmarkCOPENHAGEN 116354.5550.0011.671.999.68
BrazilBOVESPA 51120.00100.008.000.008.00
EgyptEGX 1110690.9160.006.891.065.83
SingaporeSGX 31133.33100.005.760.005.76
NorwayOSE 127558.3371.436.941.715.23
ArgentinaBUE 21150.00100.005.000.005.00
PhilippinesPSE 76385.7150.004.970.394.59
TaiwanGTSM 42250.00100.004.500.004.50
MexicoBMV 31201464.5270.005.481.124.37
Vietnam HNX 665100.0083.334.240.134.12
South KoreaKOSDAQ 123935975.6163.445.181.174.01
TurkeyBIST 23161069.5762.504.950.944.01
Hong KongHKEX 62443070.9768.184.890.913.97
CanadaTSX-V 222100.00100.003.570.003.57
RussiaMICEX 73342.86100.003.330.003.33
BrazilBOVESPA 79543068.3555.564.070.863.21
TaiwanTWSE 30261886.6769.233.560.493.07
USOTC PINK 94663674.4751.435.062.222.84
UAEUAE 31133.33100.002.840.002.84
SwedenSTOCKHOLM 66452968.1864.443.770.952.81
Greece ATHENS 86475.0066.673.680.882.81
IndiaNSE 1841327571.7456.823.851.302.55
FrancePARIS 63432368.2553.493.551.012.55
SpainIBEX 106360.0050.003.761.292.48
CanadaTSX 74512568.9249.023.741.352.39
Poland GPW 2315865.2253.333.260.972.29
JapanTOKYO 38626714769.1755.063.220.992.24
AustraliaASX 36261472.2253.853.721.502.22
PakistanKSE 28231382.1456.523.120.982.14
NetherlandsAMSTERDAM 29241282.7650.002.590.512.08
ChinaSSE 23017410475.6559.773.081.032.05
ChinaSZSE 29821114470.8168.253.020.982.03
ThailandSET 21150.00100.002.000.002.00
JapanTOKYO 41125.00100.002.000.002.00
FOREXFOREX 31133.33100.002.000.002.00
USNASDAQ 44230016367.8754.333.721.722.00
ChileBCS 76385.7150.002.961.041.92
The World 44703127175370.4955.632.971.141.82
SwitzerlandSIX 38291676.3255.172.340.641.70
MalaysiaBURSA 333100.00100.001.670.001.67
South KoreaKRX 109794372.4854.432.510.961.55
ChinaSSE 222100.00100.001.500.001.50
IsraelTASE 38191050.0052.632.751.261.49
BelgiumBRUSSELS 119381.8233.332.871.421.45
South KoreaKOSDAQ 53360.00100.001.330.001.33
USAMEX 42301171.4336.672.421.101.32
USNYSE 48132415767.3648.462.261.011.24
TaiwanGTSM 29221175.8650.001.880.781.11
ItalyBORSA 97653167.0147.691.860.781.08
ChileBCS 75371.4360.001.000.001.00
SwitzerlandSIX 221100.0050.002.001.001.00
BangladeshDSE 1712770.5958.332.161.340.82
UKLSE 1431015270.6351.491.971.160.81
UAEUAE 75471.4380.001.000.200.80
AustraliaASX 443100.0075.001.000.250.75
QatarQE 332100.0066.672.271.550.72
USFOREX 332100.0066.670.670.000.67
Vietnam HOSE 1211591.6745.451.751.170.58
DenmarkCOPENHAGEN 42250.00100.000.500.000.50
Poland GPW 32266.67100.000.500.000.50
NorwayOSE 442100.0050.000.500.000.50
SwedenSTOCKHOLM 42250.00100.000.500.000.50
IndiaBSE 1911377371.7353.282.792.300.49
KuwaitKSE 221100.0050.000.660.360.31
SingaporeSGX 54180.0025.000.500.250.25
Saudi ArabiaTADAWUL 109590.0055.561.981.880.10
USWARRANTS 20050.000.000.000.000.00
USPREFERRED 190063.160.000.000.000.00
RussiaMICEX 120058.330.000.000.000.00
PortugalLISBON 2000.000.000.000.000.00
PortugalLISBON 221100.0050.001.501.500.00
CanadaTSX 41125.00100.000.000.000.00
Austria WIENERBORSE 221100.0050.001.501.500.00
BelgiumBRUSSELS 221100.0050.001.501.500.00
GermanyXETRA 221100.0050.001.501.500.00
Greece ATHENS 221100.0050.001.501.500.00
FrancePARIS 221100.0050.001.501.500.00
SpainIBEX 221100.0050.001.501.500.00
ItalyBORSA 221100.0050.001.501.500.00
IndonesiaIDX 42150.0050.000.500.500.00
IndiaNSE 32266.67100.000.000.000.00
NetherlandsAMSTERDAM 221100.0050.001.501.500.00
MexicoBMV 1000.000.000.000.000.00
GermanyXETRA 1681235273.2142.281.381.47-0.09
IsraelTASE 43275.0066.670.330.67-0.33
UKLSE 43175.0033.330.331.00-0.67
Vietnam HOSE 53060.000.000.000.67-0.67
ArgentinaBUE 1410471.4340.001.372.05-0.68
IndonesiaIDX 110100.000.000.000.92-0.92
Hong KongHKEX 21050.000.000.001.00-1.00
PhilippinesPSE 220100.000.000.001.00-1.00
PakistanKSE 32066.670.000.001.00-1.00
Austria WIENERBORSE 1411778.5763.642.263.38-1.12
JapanNAGOYA 110100.000.000.002.05-2.05
MalaysiaBURSA 21050.000.000.002.05-2.05
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 bulls.com© family websites

Disclaimers:

Government regulations require disclosure of the fact that while these methods may have worked in the past, past results are not necessarily indicative of future results. While there is a potential for profits there is also a risk of loss. There is substantial risk in security trading. Losses incurred in connection with trading stocks or futures contracts can be significant. You should therefore carefully consider whether such trading is suitable for you in the light of your financial condition since all speculative trading is inherently risky and should only be undertaken by individuals with adequate risk capital. Neither Americanbulls.com LLC, nor Candlesticker.com makes any claims whatsoever regarding past or future performance. All examples, charts, histories, tables, commentaries, or recommendations are for educational or informational purposes only.

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