Pattern Detail

Bearish Evening Doji Star

Three-candle bearish top: an up candle, a gapped-up doji that stalls, then a down candle that takes price back.

A real Bearish Evening Doji Star on NQ daily bars, Jun 30, 2009. Price then followed through 5.1% over the next 5 bars. The bright candles are the pattern; the dimmed bars are surrounding context.
A real Bearish Evening Doji Star on NQ daily bars, Jun 30, 2009. Price then followed through 5.1% over the next 5 bars. The bright candles are the pattern; the dimmed bars are surrounding context.

Shown only on the markets where this pattern occurs.

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How to read this

Everything here is in R, the setup's own risk. 1R is the distance from the entry (the pattern's closing price) to where it would be proven wrong — its highest high over the 3 bars that form it. So "offered 2R" means price ran twice that distance in your favor at some point before the stop. It does not assume you took profit there: a target is a strategy choice.

Room offered (≥ 1R)

44.4%

Too few to trust

Offered at least 1× its risk before the stop, vs 40.9% for a random short entry (+3.6 pts).

Move size vs normal

1.90×

Realized range over the next 20 bars vs a random bar. Precedes a bigger move.

Typical room (20-bar)

1.11R

Average run in favor (capped at 3R), vs 1.07R for a random short entry.

Summary

Offered ≥1R 44.4% of the time vs 40.9% for a random short entry. The 3.6-point gap is no bigger than the ±32.1-point margin of error you would get by chance from 9 occurrences. Not a reliable edge.

Room offered, this setup vs a random short entry

Only 9 occurrences. The breakdown below is shown in full, but a sample this small is anecdotal, a hint, not a measured edge. That is usually a limit of available history, not a flaw in the pattern. For a firmer read, try a lower timeframe or a more active instrument.

Outcome This setup Random entry Edge
Offered ≥ 1R 44.4% 40.9% +3.6
Offered ≥ 2R 22.2% 26.8% -4.5
Offered ≥ 3R 22.2% 18.8% +3.4
Stopped < 1R 55.6% 56.5% -0.9
Went sideways 0.0% 2.7% -2.7

9 occurrences · 356,238 random-entry controls · 20-bar horizon

A bearish evening doji star is a three-candle top. A long up candle runs with the trend, then a doji gaps higher and stalls right at the highs, and a down candle follows to drag price back. The doji is the star: buyers gapped price up but could not hold the gain, and the next session hands control to sellers. It is the evening star with a doji in the middle, which makes the stall cleaner.

Steve Nison documents the evening doji star in Japanese Candlestick Charting Techniques (1991), an evening star whose middle candle is a doji.

How to spot it

  • The market is rising into the pattern.
  • The first candle is a long up (green) candle that fits the advance.
  • The second candle is a doji that gaps above the first. This is the star.
  • The doji shows a standoff, with the open and close at nearly the same price.
  • The third candle is a down (red) candle that pushes price back down.

The dashed box on the chart above marks the 3 candles on a real occurrence, with the advance before and the move after.

The psychology

The long up candle is the rally in full stride, with buyers in command and closing the market near its highs. Then the doji gaps above it, which at first looks like one more leg up. But the bar closes where it opened. The market gapped higher and then could not go anywhere. All that buying pressure, the same force that drove the advance, has run into sellers willing to meet it, and the push stalls dead at the top.

That stall right at the highs is the warning. Buyers spent their momentum to make the gap and got nothing for it, while sellers quietly stood firm. The third candle confirms the shift: price closes down and drags the market off its peak. Latecomers who bought the gap are now underwater, and as some of them sell to get out, the move down gains weight. Control has passed from buyers to sellers at the top of the run.

Whether that turn travels or stalls is what the figures below weigh.

Does it actually work?

A pattern is a setup, not a trade, so the honest question is not “did it win” but “how much room did it tend to offer before it was proven wrong.” The tabs below answer that across five futures markets (Nasdaq, S&P 500, gold, crude oil, natural gas) and seven timeframes from one minute to one day.

For each occurrence we measure the room the move offered in units of the pattern’s own risk, then set it against what a random entry on the same market would have done. When the pattern offers more room more often than chance, that shows up as a real edge. When it does not, the page says so plainly.

Read it with the sample size in view. On the faster timeframes a pattern can fire thousands of times, enough to trust. On the daily chart it is far rarer, so treat those numbers as a hint rather than a verdict. Thin samples are flagged for you on the page.

How we measured it

  • Entry is the close of the final candle of the pattern.
  • One unit of risk, 1R, is the distance from that close up to the pattern’s invalidation point: the highest high of the three candles that form it. If price trades through there, the setup is wrong.
  • We then follow the next 20 bars and record how far price ran in your favor, in multiples of that risk, before the stop was hit.
  • Every figure is set against a random entry on the same market and timeframe, so the market’s own drift is accounted for.
  • No profit target and no position sizing. Where you take profit is a strategy choice; this measures only the room the pattern tends to give.

What this page does not cover

  • Volume on the pattern’s candles.
  • Whether the pattern forms at a meaningful resistance level.
  • Pairing it with a trend filter or a confirming signal.
  • A profit target or position sizing. We use the pattern’s own invalidation point as the stop to define risk, but where you take profit, and how much you put on, are strategy decisions this page leaves to you.

Sample Bearish Evening Doji Star Firings (9)

Based on data through Apr 29, 2026

Time Risk (pts) Room offered Result
Jan 7, 2020, 8:35 AM CST 32.75 0.33R Stopped
Jun 1, 2017, 8:35 AM CDT 4.75 0.74R Stopped
Dec 7, 2011, 2:50 PM CST 5.5 3.00R Ran ≥1R
May 6, 2011, 1:20 PM CDT 6.5 1.77R Ran ≥1R
Jan 28, 2009, 11:30 AM CST 1.75 1.14R Ran ≥1R
Jan 26, 2009, 9:15 AM CST 3.5 0.00R Stopped
Jan 15, 2009, 12:45 PM CST 2.5 0.00R Stopped
Dec 8, 2008, 2:15 PM CST 4.25 3.00R Ran ≥1R
Nov 24, 2008, 2:15 PM CST 3.5 0.00R Stopped

Sample backtest

Real backtested runs of this pattern, with commissions and slippage. Open one for the full equity curve and metrics, or backtest it yourself on your own contract and dates.

Backtest this pattern

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