BULLISH DOJI STAR
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.
BULLISH DOJI STAR
Definition
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.
Title
Pattern Performance in Stock Exchanges since 1/1/2016
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
JapanSAPPORO 136446.1566.6710.170.1710.00
TurkeyBIST 129874139757.0953.585.880.994.89
JapanFUKUOKA 38261168.4242.314.960.504.46
PakistanKSE 2372132664855.9048.874.431.423.01
ArgentinaBUE 45225313157.9650.004.771.802.97
South KoreaKOSDAQ 62043606191558.2453.004.001.122.88
IndiaNSE 119376562331455.0150.473.981.212.77
Poland GPW 159689946056.5251.003.801.102.71
EgyptEGX 148884240756.5948.343.961.292.68
Greece ATHENS 2801739161.7952.603.951.282.68
IndonesiaIDX 95854528056.8951.383.731.062.68
IndiaBSE 1894910627499456.0946.984.231.612.63
ArgentinaBUE 78593475.6457.632.930.312.63
USNASDAQ 1662810761570265.1152.673.721.222.50
Vietnam HOSE 129470835354.7149.863.611.112.49
USOTC PINK 102596675286465.4442.665.543.052.49
NorwayOSE 80449124361.1949.393.801.332.47
IsraelTASE 2343127066454.2052.283.420.962.47
TurkeyBIST 89513657.3070.592.330.102.24
BrazilBOVESPA 139688144863.4750.563.161.022.14
SpainIBEX 82654729466.2253.753.020.902.12
OmanMSM 89432248.3151.162.930.842.09
JapanTOKYO 2183413321700361.0152.572.960.991.97
BangladeshDSE 154294341761.1544.223.101.151.95
SwedenSTOCKHOLM 33632115105962.8950.073.241.351.89
The World 2486261529277683161.6050.173.001.151.85
PhilippinesPSE 76447921662.7045.092.961.161.80
USAMEX 2503158677063.3648.552.921.201.73
RussiaMICEX 84583269.0555.172.120.401.72
ChinaSZSE 117187028344159.9848.962.931.221.71
Hong KongHKEX 83984711208356.3144.053.261.601.67
MexicoBMV 69523575.3667.311.830.171.65
TaiwanTWSE 44882584126957.5849.112.390.771.61
South KoreaKRX 62023588181757.9850.532.370.811.56
CanadaCSE 3291987762.6137.385.624.071.54
PortugalLISBON 1801114661.6741.442.581.041.54
DenmarkCOPENHAGEN 57837717865.2247.212.430.901.53
AustraliaASX 74493666.2273.471.590.061.53
UKLSE 103326647344364.4251.732.350.851.51
USNYSE 2177214380766866.1353.262.280.851.43
RussiaMICEX 112670133462.4347.512.501.081.41
BelgiumBRUSSELS 55735816964.2747.212.120.721.40
AustraliaASX 38812408114062.0747.322.821.441.38
JapanNAGOYA 1871175662.5747.862.250.871.38
QatarQE 2531597262.8545.282.210.841.37
ChinaSSE 83635176251161.8948.512.481.121.35
FrancePARIS 43532772143063.7051.572.130.781.35
CanadaTSX 75494761235263.1349.352.230.891.34
ThailandSET 2593138559753.4143.102.431.101.33
Vietnam HNX 4812369549.0640.253.171.841.33
BrazilBOVESPA 66503575.7670.001.500.201.30
Saudi ArabiaTADAWUL 128575735159.2246.122.150.881.27
TaiwanGTSM 3609201191855.7245.652.301.041.25
USOTCBB 194121.0525.008.257.001.25
Austria WIENERBORSE 30518710061.3153.482.030.811.22
ItalyBORSA 54553600175566.0948.682.050.901.15
GermanyXETRA 66664442235466.7152.931.900.771.13
NorwayOSE 88674676.1468.661.270.161.10
NetherlandsAMSTERDAM 128285848266.9356.181.570.521.04
MalaysiaBURSA 2494137856655.2541.072.491.461.03
MexicoBMV 108067632562.5948.082.061.051.02
ChileBCS 29211072.4147.621.760.761.00
SwitzerlandSIX 2336160486868.6654.111.550.570.99
UKLSE 74503667.5772.001.140.200.94
JordanASE 2091033849.2836.892.932.010.92
IndiaNSE 70482868.5758.331.080.170.92
UAEUAE 108663461.1151.521.060.200.86
UAEUAE 2461565863.4137.182.251.430.82
MalaysiaBURSA 60422670.0061.901.050.240.81
IndonesiaIDX 75613681.3359.021.020.230.79
Vietnam HOSE 109744267.8956.760.950.180.77
Poland GPW 98684269.3961.760.930.160.76
KuwaitKSE 2932008668.2643.002.271.640.63
ChinaSSE 78523166.6759.620.750.130.62
South KoreaKOSDAQ 69553479.7161.820.760.180.58
TaiwanGTSM 59442074.5845.450.750.200.55
PhilippinesPSE 104723469.2347.220.720.180.54
IsraelTASE 94653969.1560.000.770.230.54
Hong KongHKEX 93674072.0459.700.720.190.52
CanadaTSX 84543464.2962.960.720.220.50
JapanTOKYO 67533279.1060.380.660.170.49
ChileBCS 73563376.7158.930.710.230.48
SwitzerlandSIX 63452371.4351.110.600.130.47
SwedenSTOCKHOLM 87703680.4651.430.640.200.44
DenmarkCOPENHAGEN 70533075.7156.600.580.170.42
ThailandSET 122873971.3144.830.570.160.41
SingaporeSGX 78622979.4946.770.660.260.40
USPREFERRED 1585110850269.9145.310.830.430.39
Greece ATHENS 39231358.9756.520.570.170.39
PakistanKSE 61452673.7757.780.690.310.38
BangladeshDSE 50402080.0050.000.600.230.38
SingaporeSGX 104356922154.5538.841.521.160.36
USFOREX 140874262.1448.280.490.180.31
FOREXFOREX 114894978.0755.060.570.280.29
SpainIBEX 38251465.7956.000.480.200.28
CanadaTSX-V 124975327160.6135.803.693.450.24
Austria WIENERBORSE 34211161.7652.380.330.190.14
NetherlandsAMSTERDAM 35231165.7147.830.300.220.09
ItalyBORSA 36231163.8947.830.300.220.09
GermanyXETRA 35231165.7147.830.300.220.09
FrancePARIS 36231163.8947.830.300.220.09
BelgiumBRUSSELS 35231165.7147.830.300.220.09
PortugalLISBON 37241364.8654.170.290.250.04
USWARRANTS 2615657.6940.001.932.20-0.27
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

Disclaimers:

Government regulations require disclosure of the fact that while these methods may have worked in the past, past results are not necessarily indicative of future results. While there is a potential for profits there is also a risk of loss. There is substantial risk in security trading. Losses incurred in connection with trading stocks or futures contracts can be significant. You should therefore carefully consider whether such trading is suitable for you in the light of your financial condition since all speculative trading is inherently risky and should only be undertaken by individuals with adequate risk capital. Neither Americanbulls.com LLC, nor Candlesticker.com makes any claims whatsoever regarding past or future performance. All examples, charts, histories, tables, commentaries, or recommendations are for educational or informational purposes only.

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