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 1/1/2018
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
USWARRANTS 21150.00100.0022.000.0022.00
CanadaTSX-V 43275.0066.6714.670.6714.00
UAEUAE 443100.0075.009.500.758.75
BrazilBOVESPA 41125.00100.008.000.008.00
SingaporeSGX 31133.33100.006.000.006.00
EgyptEGX 1613881.2561.547.151.156.00
MexicoBMV 21151071.4366.676.130.805.33
ArgentinaBUE 21150.00100.005.000.005.00
TaiwanGTSM 42250.00100.004.500.004.50
Poland GPW 168650.0075.004.630.504.13
TurkeyBIST 2316969.5756.255.061.193.88
IsraelTASE 2714551.8535.714.360.793.57
RussiaMICEX 63350.00100.003.330.003.33
South KoreaKOSDAQ 99723672.7350.004.721.583.14
IndiaNSE 1791277570.9559.064.080.953.13
ChinaSSE 111100.00100.003.000.003.00
ArgentinaBUE 32166.6750.003.000.003.00
SpainIBEX 20151075.0066.673.600.802.80
FrancePARIS 71482967.6160.423.500.772.73
NetherlandsAMSTERDAM 2016980.0056.253.000.312.69
ChileBCS 553100.0060.003.601.002.60
Greece ATHENS 65383.3360.003.601.002.60
BrazilBOVESPA 57442077.1945.453.521.232.30
Hong KongHKEX 54382170.3755.263.531.422.11
PakistanKSE 25201480.0070.003.251.252.00
ThailandSET 111100.00100.002.000.002.00
JapanTOKYO 41125.00100.002.000.002.00
ChinaSZSE 30018811562.6761.173.451.471.98
SwitzerlandSIX 35251271.4348.002.600.641.96
BelgiumBRUSSELS 883100.0037.502.250.381.88
TaiwanTWSE 29221475.8663.642.590.731.86
UKLSE 122843968.8546.432.851.011.83
MalaysiaBURSA 333100.00100.001.670.001.67
IndiaBSE 2001397969.5056.833.001.441.56
The World 43462939156867.6753.322.681.181.51
IndonesiaIDX 32166.6750.001.500.001.50
ChinaSSE 1851166162.7052.592.591.191.41
USNYSE 42428814667.9250.692.180.841.35
CanadaTSX 92683373.9148.533.071.741.34
South KoreaKOSDAQ 53360.00100.001.330.001.33
SwedenSTOCKHOLM 57342059.6558.822.241.001.24
Vietnam HOSE 119581.8255.562.671.441.22
USOTC PINK 112804273.2151.224.713.511.20
JapanTOKYO 34223312168.1351.932.271.101.17
USNASDAQ 41127513866.9150.182.651.511.14
SwitzerlandSIX 221100.0050.002.001.001.00
NorwayOSE 1410571.4350.003.302.301.00
ItalyBORSA 95602963.1648.331.720.770.95
GermanyXETRA 119733261.3443.841.881.120.75
USFOREX 332100.0066.670.670.000.67
PortugalLISBON 53160.0033.331.330.670.67
AustraliaASX 37301681.0853.331.871.230.63
Poland GPW 32266.67100.000.500.000.50
SwedenSTOCKHOLM 32266.67100.000.500.000.50
NorwayOSE 442100.0050.000.500.000.50
UAEUAE 64366.6775.000.750.250.50
JapanNAGOYA 32166.6750.001.501.000.50
FOREXFOREX 42250.00100.000.500.000.50
TaiwanGTSM 2517868.0047.062.351.880.47
SingaporeSGX 43175.0033.330.670.330.33
RussiaMICEX 129475.0044.441.110.780.33
BangladeshDSE 107570.0071.432.292.000.29
South KoreaKRX 93582562.3743.101.291.020.28
ChileBCS 64266.6750.000.250.000.25
USAMEX 3625969.4436.002.201.960.24
FrancePARIS 221100.0050.001.501.500.00
IndonesiaIDX 42150.0050.000.500.500.00
IndiaNSE 32266.67100.000.000.000.00
ItalyBORSA 221100.0050.001.501.500.00
MexicoBMV 1000.000.000.000.000.00
NetherlandsAMSTERDAM 221100.0050.001.501.500.00
KuwaitKSE 221100.0050.000.500.500.00
BelgiumBRUSSELS 221100.0050.001.501.500.00
AustraliaASX 332100.0066.670.330.330.00
Austria WIENERBORSE 221100.0050.001.501.500.00
CanadaTSX 31133.33100.000.000.000.00
Hong KongHKEX 1000.000.000.000.000.00
Greece ATHENS 221100.0050.001.501.500.00
SpainIBEX 221100.0050.001.501.500.00
DenmarkCOPENHAGEN 31133.33100.000.000.000.00
GermanyXETRA 221100.0050.001.501.500.00
PhilippinesPSE 54280.0050.000.500.500.00
PortugalLISBON 221100.0050.001.501.500.00
ThailandSET 1000.000.000.000.000.00
USPREFERRED 1910352.6330.000.300.300.00
IsraelTASE 332100.0066.670.330.67-0.33
Saudi ArabiaTADAWUL 1714682.3542.860.931.43-0.50
MalaysiaBURSA 42150.0050.000.501.00-0.50
UKLSE 43175.0033.330.331.00-0.67
JapanFUKUOKA 110100.000.000.001.00-1.00
PhilippinesPSE 110100.000.000.001.00-1.00
PakistanKSE 21050.000.000.001.00-1.00
Vietnam HOSE 32066.670.000.001.00-1.00
QatarQE 110100.000.000.002.00-2.00
DenmarkCOPENHAGEN 107170.0014.290.142.29-2.14
Austria WIENERBORSE 54280.0050.002.758.25-5.50
CanadaCSE 65283.3340.007.4015.60-8.20
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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