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Japanese name: doji bike
Forecast: bearish reversal
Trend prior to the pattern: uptrend
Opposite pattern: Bullish Doji Star
Construction:
- First candle
- a candle in an uptrend
- white body
- Second candle
- a doji candle
- a body above the first candle's body
This article is devoted to the Bearish Doji Star two-line pattern.
The first line of Bearish Doji Star has to be a white candle appearing as a long line (White Candle, Long White Candle, White Marubozu, Opening White Marubozu or Closing White Marubozu). The following candle is any doji candle, except the Four-Price Doji. The doji's body is located above the previous candle's body. Length of the doji shadows does not matter.
The Bearish Doji Star appears in an uptrend and belongs to the bearish reversal patterns group. Its occurrence should be confirmed on the following candles.
This pattern is distinguished by a gap between the first candle's high and the following candle's low or between bodies of these two candles. First confirmation is when the gap is covered on the candle following pattern. It can be a black candle which body is located wholly below the doji's body. Other, stronger type of confirmation, is when an uptrend line or a support zone gets broken.
Bearish Doji Star statistics
Below you can find some Bearish Doji Star pattern statistics calculated by CandleScanner software. To see more detailed statistics, for other markets and periodicity try our CandleScanner software. Prices start at only $99, and you can see more detailed statistics, for other markets and periodicity. Click here to find out more!
Scanner settings: daily stocks
Group: S&P500
Number of symbols: 502
Date range: 7/1/1995 - 6/30/2015
Time interval: daily candles
Total number of candlesticks: 2,236,421
Number of occurrences (Bearish Doji Star): 2,933
Number of occurrences (all candlestick patterns): 638,570
% of occurrences (Bearish Doji Star): 0.46 %
Average frequency: 762.5
Efficiency statistics (5 candlesticks testing period)
Efficiency | NO DATA | FALSE | LOW | MEDIUM | HIGH |
---|---|---|---|---|---|
Number of Occurrences |
0 | 421 | 1,040 | 628 | 844 |
% of Occurrences |
0.00 % | 14.35 % | 35.46 % | 21.41 % | 28.78 % |
Efficiency | NO DATA | FALSE | LOW | MEDIUM | HIGH |
---|---|---|---|---|---|
Number of Occurrences |
14 | 387 | 836 | 569 | 1,127 |
% of Occurrences |
0.48 % | 12.71 % | 28.50 % | 19.40 % | 38.91 % |
Occurrences Statistics | 5 candlesticks testing period (HIGH efficiency) |
10 candlesticks testing period (HIGH efficiency) |
||||
---|---|---|---|---|---|---|
Symbol | Number of Occurrences |
Average Frequency |
Number of Occurrences |
% of Occurrences |
Number of Occurrences |
% of Occurrences |
CBS | 9 | 559.3 | 6 | 66.67 % | 7 | 77.78 % |
FFIV | 8 | 505.5 | 6 | 75.00 % | 6 | 75.00 % |
HAS | 8 | 629.3 | 4 | 50.00 % | 5 | 75.00 % |
TSS | 11 | 457.5 | 8 | 72.73 % | 8 | 72.73 % |
VTR | 11 | 457.6 | 5 | 45.46 % | 8 | 72.73 % |
EXC | 7 | 719.1 | 3 | 42.86 % | 5 | 71.43 % |
MCHP | 7 | 719.1 | 5 | 71.43 % | 5 | 71.43 % |
RL | 7 | 648.9 | 5 | 71.43 % | 5 | 71.43 % |
LLTC | 7 | 719.1 | 5 | 71.42 % | 5 | 71.42 % |
NOV | 7 | 671.1 | 5 | 71.42 % | 5 | 71.42 % |
Occurrences Statistics | 5 candlesticks testing period (FALSE efficiency) |
10 candlesticks testing period (FALSE efficiency) |
||||
---|---|---|---|---|---|---|
Symbol | Number of Occurrences |
Average Frequency |
Number of Occurrences |
% of Occurrences |
Number of Occurrences |
% of Occurrences |
WFM | 8 | 629.3 | 5 | 62.50 % | 5 | 62.50 % |
VRSN | 7 | 626.0 | 4 | 57.14 % | 4 | 57.14 % |
C | 8 | 629.3 | 4 | 50.00 % | 4 | 50.00 % |
IVZ | 9 | 554.2 | 4 | 44.44 % | 4 | 44.44 % |
FAST | 7 | 719.1 | 3 | 42.86 % | 3 | 42.86 % |
GIS | 7 | 719.1 | 4 | 57.14 % | 3 | 42.86 % |
SYY | 7 | 719.1 | 3 | 42.86 % | 3 | 42.86 % |
BWA | 10 | 503.4 | 4 | 40.00 % | 4 | 40.00 % |
CAH | 8 | 629.3 | 3 | 37.50 % | 3 | 37.50 % |
HOT | 8 | 629.3 | 3 | 37.50 % | 3 | 37.50 % |
Scanner settings: daily stocks
Group: S&P500
Number of symbols: 502
Date range: 7/1/2010 - 6/30/2015
Time interval: daily candles
Total number of candlesticks: 614,034
Number of occurrences (Bearish Doji Star): 829
Number of occurrences (all candlestick patterns): 166,328
% of occurrences (Bearish Doji Star): 0.50 %
Average frequency: 740.7
Efficiency statistics (5 candlesticks testing period)
Efficiency | NO DATA | FALSE | LOW | MEDIUM | HIGH |
---|---|---|---|---|---|
Number of Occurrences |
0 | 97 | 382 | 193 | 157 |
% of Occurrences |
0.00 % | 11.70 % | 46.08 % | 23.28 % | 18.94 % |
Efficiency | NO DATA | FALSE | LOW | MEDIUM | HIGH |
---|---|---|---|---|---|
Number of Occurrences |
14 | 79 | 295 | 179 | 262 |
% of Occurrences |
1.69 % | 7.84 % | 35.59 % | 21.59 % | 33.29 % |
Occurrences Statistics | 5 candlesticks testing period (HIGH efficiency) |
10 candlesticks testing period (HIGH efficiency) |
||||
---|---|---|---|---|---|---|
Symbol | Number of Occurrences |
Average Frequency |
Number of Occurrences |
% of Occurrences |
Number of Occurrences |
% of Occurrences |
AIG | 4 | 314.5 | 2 | 50.00 % | 4 | 100.00 % |
CBS | 4 | 314.5 | 3 | 75.00 % | 4 | 100.00 % |
ETN | 4 | 314.5 | 2 | 50.00 % | 4 | 100.00 % |
LLL | 3 | 419.3 | 0 | 0.01 % | 3 | 100.00 % |
SWKS | 3 | 419.3 | 1 | 33.33 % | 3 | 100.00 % |
TGNA | 3 | 419.3 | 2 | 66.67 % | 3 | 100.00 % |
GWW | 4 | 314.5 | 2 | 50.00 % | 3 | 75.00 % |
OI | 4 | 314.5 | 3 | 75.00 % | 3 | 75.00 % |
ABT | 3 | 419.3 | 0 | 0.00 % | 2 | 66.67 % |
AIV | 3 | 419.3 | 0 | 0.00 % | 2 | 66.67 % |
Occurrences Statistics | 5 candlesticks testing period (FALSE efficiency) |
10 candlesticks testing period (FALSE efficiency) |
||||
---|---|---|---|---|---|---|
Symbol | Number of Occurrences |
Average Frequency |
Number of Occurrences |
% of Occurrences |
Number of Occurrences |
% of Occurrences |
COST | 3 | 419.3 | 2 | 66.67 % | 2 | 66.67 % |
DFS | 3 | 419.3 | 2 | 66.67 % | 2 | 66.67 % |
GIS | 3 | 419.3 | 2 | 66.67 % | 2 | 66.67 % |
UNP | 4 | 314.5 | 2 | 50.00 % | 2 | 50.00 % |
ADM | 5 | 251.6 | 2 | 40.00 % | 2 | 40.00 % |
MS | 5 | 251.6 | 2 | 40.00 % | 2 | 40.00 % |
AIZ | 3 | 419.3 | 1 | 33.33 % | 1 | 33.33 % |
AMP | 3 | 419.3 | 1 | 33.33 % | 1 | 33.33 % |
AVGO | 3 | 419.3 | 1 | 33.33 % | 1 | 33.33 % |
C | 3 | 419.3 | 1 | 33.33 % | 1 | 33.33 % |