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 1/1/2022
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
BrazilBOVESPA 51120.00100.008.000.008.00
ArgentinaBUE 21150.00100.005.000.005.00
TaiwanGTSM 53360.00100.003.330.003.33
RussiaMICEX 84450.00100.003.250.003.25
DenmarkCOPENHAGEN 121158.3314.293.130.003.13
JapanTOKYO 41125.00100.002.000.002.00
ThailandSET 21150.00100.002.000.002.00
MalaysiaBURSA 333100.00100.001.670.001.67
ChinaSSE 222100.00100.001.500.001.50
ChileBCS 86475.0066.671.330.001.33
South KoreaKOSDAQ 53360.00100.001.330.001.33
SwitzerlandSIX 221100.0050.002.001.001.00
UAEUAE 75471.4380.001.000.200.80
AustraliaASX 443100.0075.001.000.250.75
USFOREX 332100.0066.670.670.000.67
Poland GPW 32266.67100.000.500.000.50
FOREXFOREX 42150.0050.001.000.500.50
SwedenSTOCKHOLM 42250.00100.000.500.000.50
Vietnam HOSE 151180.008.330.360.000.36
DenmarkCOPENHAGEN 63250.0066.670.330.000.33
SingaporeSGX 54180.0025.000.500.250.25
SwedenSTOCKHOLM 711171.831.960.200.000.20
NorwayOSE 552100.0040.000.400.200.20
The World 47261338170.802.420.080.020.06
IndiaNSE 2182175.690.610.020.000.01
TaiwanGTSM 270074.070.000.000.000.00
TaiwanTWSE 310080.650.000.000.000.00
USWARRANTS 20050.000.000.000.000.00
USPREFERRED 190063.160.000.000.000.00
USOTC PINK 1190068.070.000.000.000.00
USNYSE 5000067.800.000.000.000.00
USNASDAQ 4530069.320.000.000.000.00
TurkeyBIST 260092.310.000.000.000.00
SingaporeSGX 2000.000.000.000.000.00
RussiaMICEX 120058.330.000.000.000.00
Vietnam HNX 500100.000.000.000.000.00
PakistanKSE 280071.430.000.000.000.00
USAMEX 580075.860.000.000.000.00
UKLSE 1640072.560.000.000.000.00
AustraliaASX 380063.160.000.000.000.00
Austria WIENERBORSE 120066.670.000.000.000.00
Austria WIENERBORSE 221100.0050.001.501.500.00
BrazilBOVESPA 860070.930.000.000.000.00
BelgiumBRUSSELS 221100.0050.001.501.500.00
BelgiumBRUSSELS 800100.000.000.000.000.00
BangladeshDSE 120058.330.000.000.000.00
CanadaTSX 770070.130.000.000.000.00
CanadaTSX 41125.00100.000.000.000.00
CanadaCSE 100100.000.000.000.000.00
CanadaTSX-V 400100.000.000.000.000.00
SwitzerlandSIX 410075.610.000.000.000.00
ArgentinaBUE 90055.560.000.000.000.00
IndonesiaIDX 20050.000.000.000.000.00
IndonesiaIDX 42150.0050.000.500.500.00
Hong KongHKEX 670070.150.000.000.000.00
GermanyXETRA 1800072.780.000.000.000.00
GermanyXETRA 221100.0050.001.501.500.00
ChinaSZSE 3140072.930.000.000.000.00
ChinaSSE 2440075.410.000.000.000.00
Greece ATHENS 221100.0050.001.501.500.00
Greece ATHENS 60083.330.000.000.000.00
FrancePARIS 540068.520.000.000.000.00
FrancePARIS 221100.0050.001.501.500.00
SpainIBEX 110063.640.000.000.000.00
SpainIBEX 221100.0050.001.501.500.00
JapanTOKYO 3550067.890.000.000.000.00
NetherlandsAMSTERDAM 221100.0050.001.501.500.00
NetherlandsAMSTERDAM 320071.880.000.000.000.00
EgyptEGX 130092.310.000.000.000.00
South KoreaKOSDAQ 1210072.730.000.000.000.00
South KoreaKRX 930077.420.000.000.000.00
PortugalLISBON 2000.000.000.000.000.00
PortugalLISBON 221100.0050.001.501.500.00
Poland GPW 290068.970.000.000.000.00
PhilippinesPSE 50080.000.000.000.000.00
NorwayOSE 150066.670.000.000.000.00
MalaysiaBURSA 30033.330.000.000.000.00
MexicoBMV 260073.080.000.000.000.00
MexicoBMV 1000.000.000.000.000.00
UAEUAE 100100.000.000.000.000.00
Saudi ArabiaTADAWUL 120083.330.000.000.000.00
QatarQE 400100.000.000.000.000.00
KuwaitKSE 100100.000.000.000.000.00
IndiaBSE 2150073.490.000.000.000.00
IsraelTASE 440052.270.000.000.000.00
ChileBCS 70071.430.000.000.000.00
JapanFUKUOKA 1000.000.000.000.000.00
ItalyBORSA 1220068.850.000.000.000.00
ItalyBORSA 221100.0050.001.501.500.00
IndiaNSE 43275.0066.670.000.33-0.33
IsraelTASE 43275.0066.670.330.67-0.33
Vietnam HOSE 53060.000.000.000.67-0.67
UKLSE 43175.0033.330.331.00-0.67
PhilippinesPSE 220100.000.000.001.00-1.00
PakistanKSE 32066.670.000.001.00-1.00
Hong KongHKEX 21050.000.000.001.00-1.00
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.

Candlesticker.com is an independent and free website and all the Services provided by Americanbulls.com LLC at Candlesticker.com are completely free of charge. Americanbulls.com LLC does not receive compensation by any direct or indirect means from the visitors and users of this website (or of any other bulls.com© family websites), and from the stocks, securities and other institutions or any underwriters or dealers associated with the broader national or international forex, commodity and stock markets.

You agree that Candlesticker.com and Americanbulls.com LLC its parent company, subsidiaries, affiliates, officers and employees shall not be liable for any direct, indirect, incidental, special or consequential damages.