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 55423607244465.0867.766.930.696.25
USOTC PINK 81235130251063.4648.697.882.265.61
ChinaSZSE 78234863325562.1666.936.340.825.52
USWARRANTS 97592960.8249.157.391.905.49
IndiaNSE 85165201324561.0762.395.900.835.07
IndiaBSE 144598584503759.3758.686.151.164.99
South KoreaKOSDAQ 47212839177760.2462.485.000.784.22
ArgentinaBUE 2491599863.8661.645.090.944.15
USAMEX 1997127571563.8556.
RussiaMICEX 84655332065.3757.874.750.843.91
USNASDAQ 147789625581565.1660.394.080.883.20
NorwayOSE 69942123060.6654.254.331.183.15
Greece ATHENS 2601437655.0053.154.461.363.10
The World 1937021193676920361.6557.953.940.903.04
UAEUAE 2791517554.1249.674.061.232.83
Hong KongHKEX 72554122209356.8250.784.121.302.82
IndonesiaIDX 96952127453.7752.593.710.962.75
South KoreaKRX 45932708160158.9859.103.400.672.73
JapanTOKYO 1793210879637760.6858.603.490.782.70
BrazilBOVESPA 111665637559.1456.823.570.892.69
SwedenSTOCKHOLM 2062130671063.5354.203.661.012.65
IsraelTASE 163294455857.8459.113.600.952.64
CanadaTSX-V 91055421660.8838.995.603.002.60
SpainIBEX 66039623260.0058.593.390.812.58
TurkeyBIST 109260032054.9553.333.380.872.52
JapanNAGOYA 149945463.0957.453.010.682.33
EgyptEGX 150980739653.4849.073.651.382.27
BelgiumBRUSSELS 51132321063.2165.022.780.532.25
Saudi ArabiaTADAWUL 103654931252.9956.833.030.852.18
FrancePARIS 35172103125959.8059.872.760.622.14
TaiwanGTSM 2990167286855.9251.912.930.852.07
UKLSE 89055407307460.7556.822.800.732.07
MexicoBMV 84655031565.0157.272.750.712.04
GermanyXETRA 53773500204265.0958.342.720.692.03
USOTCBB 63381460.3236.845.083.052.03
Austria WIENERBORSE 2021458271.7856.552.480.541.94
QatarQE 2151317060.9353.442.520.601.92
AustraliaASX 3003178398059.3754.963.071.161.91
PortugalLISBON 2031105154.1946.363.311.401.91
JapanFUKUOKA 23161169.5768.752.060.191.88
ItalyBORSA 41042509143761.1457.272.640.781.87
USNYSE 1985412916755965.0658.522.480.661.82
CanadaTSX 67774137229161.0455.382.580.821.77
TaiwanTWSE 38302111111155.1252.632.380.681.70
TurkeyBIST 65422964.6269.051.710.101.62
NetherlandsAMSTERDAM 103267340765.2160.482.030.451.58
MalaysiaBURSA 2125120152956.5244.052.751.401.35
SwitzerlandSIX 2031128572163.2756.111.820.511.30
DenmarkCOPENHAGEN 50632616764.4351.232.000.721.28
JordanASE 2331305255.7940.002.841.741.10
OmanMSM 159723045.2841.672.151.141.01
KuwaitKSE 3752016753.6033.333.012.160.85
SingaporeSGX 133868627651.2740.232.231.440.79
USPREFERRED 1494105057370.2854.570.880.300.58
FOREXFOREX 85623572.9456.450.710.180.53
USAMEX 105583355.2456.900.590.120.47
Austria WIENERBORSE 30191163.3357.890.320.320.00
CanadaCSE 48321366.6740.634.384.47-0.09
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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