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 1/1/2017
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
USWARRANTS 111100.00100.0022.000.0022.00
UAEUAE 333100.00100.0012.670.0012.67
NorwayOSE 85562.50100.008.400.008.40
ChileBCS 111100.00100.007.000.007.00
QatarQE 331100.0033.338.331.337.00
IndonesiaIDX 554100.0080.006.800.006.80
SingaporeSGX 21150.00100.006.000.006.00
Greece ATHENS 53360.00100.005.330.005.33
ArgentinaBUE 111100.00100.005.000.005.00
TaiwanGTSM 42250.00100.004.500.004.50
TurkeyBIST 129575.0055.564.780.444.33
MexicoBMV 1614987.5064.294.570.364.21
TaiwanTWSE 33231469.7060.875.431.354.09
SwitzerlandSIX 111100.00100.004.000.004.00
ChinaSZSE 30617510857.1961.715.311.583.73
South KoreaKOSDAQ 97704172.1658.575.031.573.46
RussiaMICEX 63350.00100.003.330.003.33
FrancePARIS 68473469.1272.343.640.363.28
Saudi ArabiaTADAWUL 138561.5462.503.630.383.25
USAMEX 35261474.2953.854.961.733.23
PakistanKSE 27221581.4868.185.232.003.23
IndiaNSE 1831227066.6757.384.371.253.12
Austria WIENERBORSE 111100.00100.003.000.003.00
BelgiumBRUSSELS 111100.00100.003.000.003.00
GermanyXETRA 111100.00100.003.000.003.00
Greece ATHENS 111100.00100.003.000.003.00
SpainIBEX 111100.00100.003.000.003.00
FrancePARIS 111100.00100.003.000.003.00
NetherlandsAMSTERDAM 111100.00100.003.000.003.00
PortugalLISBON 111100.00100.003.000.003.00
JapanNAGOYA 111100.00100.003.000.003.00
ItalyBORSA 111100.00100.003.000.003.00
ChinaSSE 1861045055.9148.084.031.102.93
NetherlandsAMSTERDAM 24221591.6768.183.140.362.77
IsraelTASE 3018860.0044.443.440.722.72
BelgiumBRUSSELS 1312592.3141.673.170.502.67
SpainIBEX 1410871.4380.002.900.402.50
IndiaBSE 2101448068.5755.563.841.702.14
BrazilBOVESPA 43311672.0951.613.000.902.10
ThailandSET 111100.00100.002.000.002.00
JapanTOKYO 41125.00100.002.000.002.00
ArgentinaBUE 32166.6750.002.000.002.00
The World 39362606142366.2354.583.151.151.99
SwitzerlandSIX 32221068.7545.452.770.821.95
USOTC PINK 91663473.6350.755.133.271.87
BangladeshDSE 85362.5060.002.000.201.80
JapanTOKYO 33921111762.2455.452.801.031.76
TaiwanGTSM 24161066.6762.502.691.001.69
USNASDAQ 35222711264.4949.342.971.291.68
MalaysiaBURSA 333100.00100.001.670.001.67
South KoreaKRX 103713568.9349.302.520.971.55
Austria WIENERBORSE 443100.0075.001.750.251.50
CanadaTSX 99693469.7049.282.591.121.48
GermanyXETRA 108683962.9657.352.410.991.43
ItalyBORSA 97673769.0755.221.990.631.36
AustraliaASX 30241680.0066.672.000.671.33
South KoreaKOSDAQ 53360.00100.001.330.001.33
UKLSE 116803968.9748.752.301.001.30
Poland GPW 1811761.1163.642.551.271.27
USNYSE 47732815668.7647.562.100.951.15
Vietnam HOSE 119581.8255.562.671.561.11
IndonesiaIDX 31133.33100.001.000.001.00
Hong KongHKEX 51401878.4345.003.002.001.00
MalaysiaBURSA 43175.0033.332.001.001.00
SwedenSTOCKHOLM 111100.00100.001.000.001.00
USFOREX 222100.00100.001.000.001.00
SwedenSTOCKHOLM 37211356.7661.902.101.330.76
PortugalLISBON 553100.0060.001.801.200.60
SingaporeSGX 32166.6750.001.000.500.50
UAEUAE 64366.6775.000.750.250.50
Poland GPW 32266.67100.000.500.000.50
ChileBCS 43275.0066.670.330.000.33
NorwayOSE 332100.0066.670.330.000.33
RussiaMICEX 198242.1125.001.631.380.25
IsraelTASE 111100.00100.000.000.000.00
IndiaNSE 111100.00100.000.000.000.00
PhilippinesPSE 332100.0066.670.330.330.00
MexicoBMV 1000.000.000.000.000.00
BrazilBOVESPA 2000.000.000.000.000.00
CanadaTSX 31133.33100.000.000.000.00
FOREXFOREX 2000.000.000.000.000.00
Hong KongHKEX 1000.000.000.000.000.00
DenmarkCOPENHAGEN 2000.000.000.000.000.00
ThailandSET 1000.000.000.000.000.00
UKLSE 32166.6750.000.500.500.00
USPREFERRED 2312452.1733.330.330.50-0.17
EgyptEGX 85162.5020.003.203.60-0.40
AustraliaASX 221100.0050.000.000.50-0.50
Vietnam HOSE 21050.000.000.001.00-1.00
PakistanKSE 21050.000.000.001.00-1.00
JapanFUKUOKA 110100.000.000.001.00-1.00
CanadaTSX-V 443100.0075.008.0010.25-2.25
DenmarkCOPENHAGEN 1310276.9220.000.302.90-2.60
CanadaCSE 221100.0050.000.0013.50-13.50
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 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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