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 1/1/2020
Stock Exchange 
Per Trade 
Total Net% Descending
JapanSAPPORO 136446.1566.6710.170.1710.00
ArgentinaBUE 112875277.6859.772.590.262.32
TurkeyBIST 124775362.1068.831.960.121.84
OmanMSM 151693647.0250.702.651.061.59
BrazilBOVESPA 112906180.3667.781.500.241.26
USOTCBB 194121.0525.
PakistanKSE 108774671.3059.741.440.301.14
RussiaMICEX 1551125872.2651.791.530.451.08
MexicoBMV 1371096379.5657.801.260.211.05
AustraliaASX 129895668.9962.921.220.191.03
IndiaNSE 94613664.8959.
Poland GPW 1601126270.0055.361.140.190.96
BangladeshDSE 103803977.6748.751.140.190.95
ChileBCS 108774871.3062.341.140.210.94
FOREXFOREX 1831478980.3360.541.160.240.91
JapanTOKYO 108805074.0762.501.050.160.89
UAEUAE 1701156567.6556.521.100.220.89
IndonesiaIDX 122925375.4157.611.080.240.84
NorwayOSE 2051479071.7161.220.910.210.70
Vietnam HOSE 1821266969.2354.760.870.170.69
SwitzerlandSIX 109843977.0646.430.800.170.63
South KoreaKOSDAQ 114875076.3257.470.820.210.61
CanadaTSX 155976162.5862.890.820.220.61
ThailandSET 1771216168.3650.410.700.170.54
SwedenSTOCKHOLM 1791407278.2151.430.740.200.54
ChinaSSE 134884565.6751.140.750.220.53
DenmarkCOPENHAGEN 104834779.8156.630.660.160.51
PhilippinesPSE 1471014968.7148.510.660.200.47
SingaporeSGX 133954571.4347.370.660.210.45
MalaysiaBURSA 101723871.2952.780.720.280.44
Greece ATHENS 70462665.7156.520.650.220.43
SpainIBEX 69492971.0159.180.610.220.39
IsraelTASE 1581115870.2552.250.590.230.37
BelgiumBRUSSELS 69492671.0153.060.550.220.33
NetherlandsAMSTERDAM 69492671.0153.060.550.220.33
Austria WIENERBORSE 63432468.2555.810.560.230.33
TaiwanGTSM 119903575.6338.890.610.310.30
USFOREX 2141416565.8946.100.520.220.30
ItalyBORSA 67472570.1553.190.510.230.28
FrancePARIS 67472570.1553.190.510.230.28
GermanyXETRA 66472571.2153.190.510.230.28
PortugalLISBON 69492771.0155.100.510.290.22
PortugalLISBON 1735364.162.700.150.000.15
Vietnam HOSE 21975349.890.
KuwaitKSE 5356457.201.310.080.010.07
The World 3856156878380159.161.670.070.020.05
USWARRANTS 6202152.580.310.030.020.01
RussiaMICEX 16189662.670.590.020.010.01
JapanFUKUOKA 614167.212.440.040.030.01
GermanyXETRA 122382261.430.
IsraelTASE 48614256.
NetherlandsAMSTERDAM 19964264.580.
EgyptEGX 16612151.
TurkeyBIST 22812154.980.
PakistanKSE 30251155.
ItalyBORSA 86113261.470.
IndiaNSE 156414452.
USNASDAQ 2771812762.450.
SwedenSTOCKHOLM 49072161.500.
FrancePARIS 58024160.
USAMEX 49273162.740.
USNYSE 312477362.340.
Hong KongHKEX 109355355.820.
CanadaTSX 110226459.730.
ChinaSSE 166444257.
IndiaBSE 266744353.800.
Poland GPW 24853257.630.
JordanASE 2260048.
MalaysiaBURSA 36830055.740.
MexicoBMV 20920061.
Saudi ArabiaTADAWUL 16500059.520.
JapanNAGOYA 2130063.380.
IndonesiaIDX 22630051.790.
SpainIBEX 10020060.
Greece ATHENS 5360061.
ChileBCS 3230050.460.
SwitzerlandSIX 37570062.790.
ChinaSZSE 204190056.520.
ArgentinaBUE 14220063.
Austria WIENERBORSE 5580063.
BelgiumBRUSSELS 6880057.410.
BrazilBOVESPA 39730061.
CanadaCSE 9111054.880.
CanadaTSX-V 24920057.
TaiwanTWSE 64000057.
Vietnam HNX 6180051.940.
SingaporeSGX 13190053.
JapanTOKYO 312181060.
ThailandSET 44384153.670.
AustraliaASX 74716258.960.
UKLSE 155651061.
TaiwanGTSM 52242055.
South KoreaKOSDAQ 98162057.
South KoreaKRX 87692056.560.
DenmarkCOPENHAGEN 9013163.
USOTC PINK 121372062.
NorwayOSE 17411060.940.
USPREFERRED 23827262.300.
UAEUAE 3662162.020.440.000.010.00
BangladeshDSE 24908158.
QatarQE 3733063.540.000.000.01-0.01
PhilippinesPSE 11188159.
UKLSE 1491017167.7970.300.991.16-0.17
Hong KongHKEX 1591116469.8157.660.811.11-0.30
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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