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 48463228223266.6169.147.500.676.82
ChinaSZSE 68724350292263.3067.176.760.855.91
USOTC PINK 73394612221863.0547.947.812.335.48
IndiaNSE 77234689292160.7162.296.050.855.20
IndiaBSE 130567708451959.0458.636.281.205.08
USWARRANTS 90552861.1150.916.671.934.75
South KoreaKOSDAQ 42242497155059.2361.955.200.794.42
ArgentinaBUE 2211418664.7160.145.270.984.29
RussiaMICEX 77451529666.5457.485.020.864.16
USAMEX 1816115364463.4955.854.871.023.86
UAEUAE 2541347052.7652.244.491.183.31
USNASDAQ 133288632521664.9460.274.170.903.27
The World 1758741077966226561.3457.724.000.913.08
Hong KongHKEX 66233726190856.3051.174.261.312.95
Greece ATHENS 2511346953.7851.114.211.392.83
SpainIBEX 60635621058.7558.993.630.812.82
South KoreaKRX 41842441143058.3458.583.450.692.77
SwedenSTOCKHOLM 1815115963463.8654.703.721.002.72
NorwayOSE 64239621661.6854.554.151.462.68
JapanTOKYO 162939887578060.6858.463.440.792.65
IndonesiaIDX 89948525853.9553.203.580.952.63
CanadaCSE 35251271.4348.005.683.082.60
BrazilBOVESPA 103360934558.9556.653.490.902.59
IsraelTASE 146283148857.1158.443.390.972.41
TurkeyBIST 101155829355.1952.513.250.902.36
Saudi ArabiaTADAWUL 91848527652.8356.913.230.912.33
MexicoBMV 72347328365.4259.832.860.632.23
CanadaTSX-V 83850519360.2638.
BelgiumBRUSSELS 46229118862.9964.602.740.562.18
JapanNAGOYA 127834765.3556.632.880.752.13
EgyptEGX 138372234552.2147.783.521.442.08
USOTCBB 51321262.7537.505.413.342.06
UKLSE 80584817269359.7855.912.830.772.06
FrancePARIS 31881854109058.1658.792.650.642.01
GermanyXETRA 48103070176863.8357.592.750.742.01
TaiwanGTSM 2754152978955.5251.602.870.872.00
QatarQE 1911156160.2153.042.560.601.96
AustraliaASX 2779163289158.7354.603.091.201.89
ItalyBORSA 36612197125860.2057.082.660.771.88
Austria WIENERBORSE 1801256969.4455.202.430.561.87
USNYSE 1825511885694865.1358.442.510.661.84
CanadaTSX 61733723204360.5254.682.620.801.82
TurkeyBIST 57382866.6773.681.890.081.82
NetherlandsAMSTERDAM 93858635662.4760.752.160.451.72
TaiwanTWSE 3494191699754.8452.042.340.691.65
DenmarkCOPENHAGEN 47430215563.7151.322.020.721.30
MalaysiaBURSA 1970109747955.6943.662.731.451.28
PortugalLISBON 183964552.4646.882.741.501.24
SwitzerlandSIX 1876115964061.7855.221.780.541.23
JapanFUKUOKA 2013865.0061.541.460.231.23
OmanMSM 144652645.1440.
SingaporeSGX 126264325650.9539.812.321.410.91
KuwaitKSE 3071756057.0034.292.912.010.90
JordanASE 2091164555.5038.792.671.780.89
USPREFERRED 140097253469.4354.940.900.320.58
USAMEX 92462950.0063.040.700.130.57
FOREXFOREX 79593374.6855.930.710.190.53
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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