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 buying decisions.
This pattern appears in a downtrend and warns that the trend will change. It consists of a black candlestick and a Doji with a downward gap at the opening. When the Doji is in the form of an Umbrella the pattern is called “Bullish Dragonfly Doji”, and in case of an Inverted Umbrella it is called “Bullish Gravestone Doji”. Here, all these patterns are subsumed, under the name: “Bullish Doji Star”, regardless of the shape of the Doji.
Recognition Criteria
1. The market is characterized by a prevailing downtrend.
2. On the first day a black candlestick is observed.
3. Then we see a Doji on the second day that gaps down.
Pattern Requirements and Flexibility
The Bullish Doji Star should start with a normal or long black candlestick. It must continue with a Doji gapping down.
Trader’s Behavior
The market is in a downtrend and a strong black candlestick further confirms it. The next day opens lower with a gap down, and the trading is in a small range. The day closes at the opening price, causing the formation of a Doji. Bears were in control during the downtrend but now a change is implied by the appearance of a Doji Star, which shows that the bulls and the bears are in equilibrium. The downward energy is dissipating. Things are not favorable for the continuation of a bear market.
Buy/Stop Loss Levels
The confirmation level is defined as the midpoint of the gap between the Doji and the previous candlestick. Prices should cross above this level for confirmation.

The stop loss level is defined as the lower of the last two lows. Following the BUY, if prices go down instead of going up, and close or make two consecutive daily lows below the stop loss level, while no bearish pattern is detected, then the stop loss is triggered.
Pattern Performance in Stock Exchanges since 1/1/2014
Stock Exchange
Per Trade
Total Net%(Descending)
JapanSAPPORO 136446.1566.6710.170.1710.00
ChinaSSE 48623244227266.7270.047.530.676.86
ChinaSZSE 69634444303563.8468.286.760.835.93
USOTC PINK 74704710229263.2048.557.962.295.66
IndiaNSE 79564835301860.7762.426.000.845.15
IndiaBSE 134287941466359.1458.726.231.185.05
USWARRANTS 92562860.8750.006.951.955.00
South KoreaKOSDAQ 43592606161659.7862.015.130.794.34
ArgentinaBUE 2271458763.8860.
RussiaMICEX 77051929967.4057.614.880.884.01
USAMEX 1867118766963.5856.365.001.013.99
USNASDAQ 137158976545365.4760.734.150.893.26
The World 1794391106116421961.6658.044.000.913.09
UAEUAE 2661417153.0150.354.261.203.06
Hong KongHKEX 67393812196056.5751.424.261.302.96
Greece ATHENS 2481357154.4452.594.311.422.89
SwedenSTOCKHOLM 1881120766164.1754.763.871.002.87
NorwayOSE 65540321861.5354.094.281.462.82
SpainIBEX 61736321458.8358.953.600.812.79
IndonesiaIDX 90548725853.8152.983.710.962.75
South KoreaKRX 42832515146858.7258.373.430.692.75
BrazilBOVESPA 105062335559.3356.983.570.882.69
JapanTOKYO 1666010195596961.1958.553.450.792.67
TurkeyBIST 103156930155.1952.903.420.892.54
IsraelTASE 150686651157.5059.013.470.982.49
Saudi ArabiaTADAWUL 94850228552.9556.773.250.892.36
CanadaTSX-V 83850119260.0238.175.212.962.25
USOTCBB 53321260.3837.505.413.162.25
MexicoBMV 76049629665.2659.682.850.662.19
BelgiumBRUSSELS 47729819362.4764.772.690.552.15
EgyptEGX 144175436152.3247.883.541.432.11
JapanNAGOYA 130854965.3857.652.840.732.11
TaiwanGTSM 2802156081255.6752.052.920.862.07
UKLSE 82064938277760.1856.242.820.762.06
QatarQE 1981206560.6154.172.640.582.06
GermanyXETRA 49023174185564.7558.442.730.712.02
FrancePARIS 32731915113258.5159.112.650.632.02
AustraliaASX 2827166791358.9754.773.111.181.93
ItalyBORSA 37432259130360.6757.382.670.771.90
Austria WIENERBORSE 1861347572.0455.972.440.541.90
USNYSE 1847712066708365.3058.702.500.661.84
CanadaTSX 62993837211760.9155.172.610.811.80
TaiwanTWSE 35391949102355.0752.492.430.681.75
TurkeyBIST 58392867.2471.791.850.101.74
CanadaCSE 33231069.7043.485.483.741.74
NetherlandsAMSTERDAM 94660836864.2760.532.080.461.63
PortugalLISBON 189994552.3845.452.911.511.40
DenmarkCOPENHAGEN 48431116064.2651.452.060.701.36
MalaysiaBURSA 1978110148455.6643.962.761.441.32
SwitzerlandSIX 1906119266862.5456.041.810.531.28
OmanMSM 146672845.8941.792.301.061.24
JapanFUKUOKA 2114866.6757.141.360.211.14
SingaporeSGX 127465526351.4140.152.301.400.91
JordanASE 2161184554.6338.142.631.790.84
KuwaitKSE 3381836154.1433.332.892.140.74
USPREFERRED 140698554070.0654.820.910.320.59
USAMEX 94503353.1966.000.680.120.56
FOREXFOREX 80593373.7555.930.710.190.53
Austria WIENERBORSE 27181066.6755.560.330.330.00
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
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