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 1/1/2016
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
SingaporeSGX 222100.00100.0011.500.0011.50
ArgentinaBUE 111100.00100.005.000.005.00
TaiwanGTSM 42250.00100.004.500.004.50
Greece ATHENS 332100.0066.675.331.334.00
SwitzerlandSIX 111100.00100.004.000.004.00
PakistanKSE 19161284.2175.005.131.313.81
NorwayOSE 119681.8266.675.221.673.56
USOTC PINK 66462269.7047.835.702.223.48
RussiaMICEX 63350.00100.003.330.003.33
TaiwanTWSE 1912863.1666.674.331.003.33
TaiwanGTSM 136446.1566.674.000.833.17
BelgiumBRUSSELS 111100.00100.003.000.003.00
BelgiumBRUSSELS 552100.0040.003.400.403.00
ArgentinaBUE 221100.0050.003.000.003.00
Austria WIENERBORSE 111100.00100.003.000.003.00
FrancePARIS 111100.00100.003.000.003.00
SpainIBEX 111100.00100.003.000.003.00
GermanyXETRA 111100.00100.003.000.003.00
Greece ATHENS 111100.00100.003.000.003.00
ItalyBORSA 111100.00100.003.000.003.00
NetherlandsAMSTERDAM 111100.00100.003.000.003.00
PortugalLISBON 111100.00100.003.000.003.00
UKLSE 65412163.0851.223.781.002.78
SpainIBEX 1210783.3370.003.200.602.60
IndiaNSE 119845270.5961.903.290.942.35
ChinaSZSE 1861036055.3858.253.651.512.14
ThailandSET 111100.00100.002.000.002.00
JapanTOKYO 31133.33100.002.000.002.00
FrancePARIS 37221559.4668.182.320.411.91
AustraliaASX 24191479.1773.682.110.371.74
GermanyXETRA 59351759.3248.572.891.201.69
MalaysiaBURSA 333100.00100.001.670.001.67
IndiaBSE 1461035870.5556.313.121.531.58
Poland GPW 84350.0075.002.000.501.50
IndonesiaIDX 32166.6750.001.500.001.50
ItalyBORSA 50281556.0053.572.040.611.43
USNASDAQ 2191487367.5849.322.641.251.39
The World 2420161984666.9052.252.521.141.38
South KoreaKOSDAQ 43375.00100.001.330.001.33
USAMEX 2416866.6750.002.751.441.31
CanadaTSX 67482471.6450.002.080.811.27
USNYSE 2771898668.2345.501.990.921.07
PhilippinesPSE 222100.00100.001.000.001.00
UAEUAE 53360.00100.001.000.001.00
IndonesiaIDX 31133.33100.001.000.001.00
SwedenSTOCKHOLM 111100.00100.001.000.001.00
USFOREX 222100.00100.001.000.001.00
South KoreaKRX 57381566.6739.472.211.240.97
South KoreaKOSDAQ 60421770.0040.482.882.000.88
Hong KongHKEX 27201074.0750.002.301.450.85
Vietnam HOSE 86375.0050.002.171.330.83
MexicoBMV 119681.8266.671.000.220.78
JapanTOKYO 2021436770.7946.851.991.230.76
SwedenSTOCKHOLM 2416866.6750.002.251.500.75
BangladeshDSE 53360.00100.000.670.000.67
PortugalLISBON 331100.0033.331.330.670.67
ChinaSSE 116703160.3444.291.901.370.53
SingaporeSGX 32166.6750.001.000.500.50
JapanNAGOYA 32166.6750.001.501.000.50
NorwayOSE 221100.0050.000.500.000.50
Poland GPW 32266.67100.000.500.000.50
Austria WIENERBORSE 443100.0075.001.000.500.50
ChileBCS 43275.0066.670.330.000.33
IsraelTASE 147350.0042.860.430.290.14
UKLSE 1000.000.000.000.000.00
ThailandSET 1000.000.000.000.000.00
PakistanKSE 1000.000.000.000.000.00
IndiaNSE 111100.00100.000.000.000.00
FOREXFOREX 2000.000.000.000.000.00
BrazilBOVESPA 2000.000.000.000.000.00
CanadaTSX 2000.000.000.000.000.00
Hong KongHKEX 1000.000.000.000.000.00
DenmarkCOPENHAGEN 2000.000.000.000.000.00
IsraelTASE 111100.00100.000.000.000.00
NetherlandsAMSTERDAM 1210583.3350.000.300.40-0.10
TurkeyBIST 149464.2944.441.441.56-0.11
Saudi ArabiaTADAWUL 118372.7337.500.750.88-0.13
SwitzerlandSIX 1914673.6842.860.790.93-0.14
RussiaMICEX 105150.0020.001.001.20-0.20
USPREFERRED 148257.1425.000.130.63-0.50
AustraliaASX 221100.0050.000.000.50-0.50
MalaysiaBURSA 32166.6750.000.501.00-0.50
UAEUAE 221100.0050.001.001.50-0.50
Vietnam HOSE 21050.000.000.001.00-1.00
KuwaitKSE 110100.000.000.001.00-1.00
JapanFUKUOKA 110100.000.000.001.00-1.00
BrazilBOVESPA 2120795.2435.001.002.10-1.10
DenmarkCOPENHAGEN 85162.5020.000.201.40-1.20
EgyptEGX 63150.0033.330.331.67-1.33
QatarQE 110100.000.000.002.00-2.00
CanadaTSX-V 442100.0050.006.5010.75-4.25
CanadaCSE 21050.000.000.0027.00-27.00
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.

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