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 50823393233166.7768.707.190.676.52
USOTC PINK 78204939240963.3448.648.042.275.77
ChinaSZSE 72204609313763.8268.086.580.825.76
USWARRANTS 95582861.0548.287.481.935.55
IndiaNSE 82655037312760.9462.085.860.845.02
IndiaBSE 139878267482559.1058.366.111.174.94
South KoreaKOSDAQ 45712724169259.5962.115.060.794.27
ArgentinaBUE 2371509063.2960.005.160.994.17
USAMEX 1952124569863.7856.064.931.013.92
RussiaMICEX 81053730966.3057.544.750.893.87
USNASDAQ 142949372569065.6260.664.100.883.22
The World 1865561151206674661.7457.953.950.903.05
Greece ATHENS 2531397454.9453.244.371.382.99
UAEUAE 2731467353.4850.
Hong KongHKEX 69723956202756.7451.
NorwayOSE 67540922160.7453.904.341.462.88
IndonesiaIDX 94250826953.9352.953.700.952.75
South KoreaKRX 44632619153558.6858.613.400.682.72
SwedenSTOCKHOLM 1985126468763.6854.353.711.032.68
BrazilBOVESPA 108865337060.0256.663.530.892.64
JapanTOKYO 1720810502611561.0358.233.420.792.63
SpainIBEX 63237722059.6558.363.350.802.55
CanadaTSX-V 87252320060.2138.105.522.972.55
TurkeyBIST 106858630954.8752.733.390.882.52
IsraelTASE 158491053357.4558.573.460.972.49
EgyptEGX 149178938452.9248.673.741.402.34
BelgiumBRUSSELS 49231020163.0164.842.790.542.25
Saudi ArabiaTADAWUL 99153030353.4857.173.090.862.23
JapanNAGOYA 136875063.9757.472.850.712.14
MexicoBMV 80051530164.3858.452.810.682.12
FrancePARIS 33942002119558.9959.692.700.622.08
UKLSE 85535157292560.3256.702.810.752.07
TaiwanGTSM 2894161584155.8152.072.910.852.05
QatarQE 2031226660.1054.102.590.592.00
USOTCBB 58351360.3437.
GermanyXETRA 51553330193764.6258.152.670.701.97
AustraliaASX 2929173095159.0654.973.101.181.92
ItalyBORSA 39242375136960.8357.352.650.761.89
PortugalLISBON 1961054953.5746.673.311.441.88
Austria WIENERBORSE 1961417971.9456.032.400.551.85
USNYSE 1927212613740065.4558.672.480.661.82
CanadaTSX 65623998221261.0855.192.580.801.77
TaiwanTWSE 36642010105754.8652.592.410.671.74
TurkeyBIST 59402867.8070.001.800.101.70
NetherlandsAMSTERDAM 99063938564.5560.252.070.461.61
MalaysiaBURSA 2050115150756.1544.052.751.421.32
DenmarkCOPENHAGEN 50132316664.4751.392.020.721.30
SwitzerlandSIX 1973123869762.7556.301.810.521.29
JapanFUKUOKA 2114966.6764.291.500.211.29
CanadaCSE 39271269.2344.444.743.561.19
OmanMSM 150682845.3341.
JordanASE 2231234855.1639.022.631.760.87
SingaporeSGX 130767427351.5740.502.261.430.84
USPREFERRED 1458102456070.2354.690.890.290.59
KuwaitKSE 3521906253.9832.632.782.200.58
FOREXFOREX 83613573.4957.380.700.180.52
USAMEX 100543454.0062.960.630.110.52
Austria WIENERBORSE 28181064.2955.560.330.330.00
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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