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
JapanFUKUOKA 30211070.0047.626.140.435.71
TurkeyBIST 104961131458.2551.395.921.064.85
ArgentinaBUE 37822011559.7950.885.081.513.58
ArgentinaBUE 70513172.8660.783.350.293.06
PakistanKSE 1998114356857.2149.694.391.343.05
Poland GPW 139077239255.7650.583.981.062.92
South KoreaKOSDAQ 50782940158057.9653.694.001.092.91
IndiaNSE 96535468279256.6951.024.071.172.91
USOTC PINK 79975234227065.8443.115.893.012.89
EgyptEGX 122271735058.6748.814.111.292.82
USNASDAQ 135128841469165.5352.983.971.192.78
IndonesiaIDX 75442622456.5052.583.801.042.76
NorwayOSE 65441621063.6150.484.131.382.75
IndiaBSE 158299005424156.9047.094.311.582.74
USAMEX 144888042260.7747.954.071.452.63
Vietnam HOSE 107157428853.5950.173.661.222.43
IsraelTASE 1934105756054.6552.983.350.982.38
BangladeshDSE 122076235262.4646.193.351.092.26
Greece ATHENS 2501577762.8049.043.531.392.14
SpainIBEX 67744925266.3256.122.980.912.07
JapanTOKYO 1791510984586361.3353.363.040.982.05
BrazilBOVESPA 113171934863.5748.403.111.102.01
PortugalLISBON 150944162.6743.622.890.882.01
TurkeyBIST 82473357.3270.212.110.112.00
PhilippinesPSE 62639517963.1045.323.101.131.96
The World 2041161263286343261.9450.173.061.141.92
RussiaMICEX 79543068.3555.562.240.391.85
CanadaCSE 2211355561.9940.156.154.391.77
South KoreaKRX 48422852145758.9051.092.530.791.73
Hong KongHKEX 68063873172056.9144.413.281.551.73
TaiwanTWSE 37122100103156.5749.102.440.781.66
AustraliaASX 63423166.6773.811.710.071.64
SwedenSTOCKHOLM 2713168382762.0349.143.001.361.64
MexicoBMV 62483177.4264.581.790.191.60
DenmarkCOPENHAGEN 46030113965.4346.182.470.881.59
UKLSE 87145581289964.1251.892.410.861.54
USNYSE 1795811845627065.9752.932.350.851.50
JapanNAGOYA 1661055163.2548.572.380.891.50
ChinaSZSE 96105869283161.0748.242.701.241.46
ThailandSET 2052110648253.9043.582.521.071.46
QatarQE 2001225261.0042.622.250.831.42
OmanMSM 76321442.1143.752.411.001.41
CanadaTSX 60493896192564.4249.402.290.891.40
ChileBCS 2417970.8352.942.120.761.35
FrancePARIS 35732243112862.8350.242.120.771.35
KuwaitKSE 2261527267.2647.372.781.441.34
Vietnam HNX 4442209349.5542.273.121.791.33
Saudi ArabiaTADAWUL 105162828659.7545.542.210.881.33
RussiaMICEX 88855326362.5047.392.471.141.33
BelgiumBRUSSELS 45729614164.7747.641.980.671.31
USOTCBB 194121.0525.008.257.001.25
TaiwanGTSM 2965163774755.2145.632.301.071.22
ItalyBORSA 47013109147266.1347.352.180.991.19
AustraliaASX 3135193589461.7246.202.711.531.18
ChinaSSE 68884337208862.9648.142.281.121.17
GermanyXETRA 55093667190966.7151.951.910.761.15
MexicoBMV 92958527662.9747.182.111.011.11
UKLSE 68443364.7175.001.230.161.07
UAEUAE 88543161.3657.411.200.171.04
IndiaNSE 62412566.1360.981.170.151.02
Austria WIENERBORSE 2111357063.9851.851.870.851.02
NorwayOSE 73563976.7169.641.160.161.00
JordanASE 172823347.6740.243.072.130.94
MalaysiaBURSA 2034111644754.8740.052.371.430.94
Vietnam HOSE 95644067.3762.501.080.140.94
NetherlandsAMSTERDAM 104770137666.9553.641.470.550.92
SwitzerlandSIX 1931133170068.9352.591.500.610.89
BrazilBOVESPA 57412871.9368.291.100.240.85
CanadaTSX-V 107666425261.8037.894.223.390.83
MalaysiaBURSA 54372468.5264.861.030.220.81
Poland GPW 85613871.7662.300.950.160.79
IndonesiaIDX 69553479.7161.821.000.220.78
South KoreaKOSDAQ 59473279.6668.090.890.170.72
Hong KongHKEX 80573471.2559.650.840.180.67
TaiwanGTSM 51371972.5551.350.860.220.65
PhilippinesPSE 90613167.7850.820.820.200.62
CanadaTSX 70452964.2964.440.840.240.60
JapanTOKYO 58463079.3165.220.740.150.59
ChinaSSE 68452966.1864.440.730.160.58
SwitzerlandSIX 50351770.0048.570.660.110.54
BangladeshDSE 38331886.8454.550.760.240.52
PakistanKSE 55412474.5558.540.760.270.49
SingaporeSGX 73592980.8249.150.690.250.44
ThailandSET 102733371.5745.210.620.180.44
DenmarkCOPENHAGEN 61462675.4156.520.590.150.43
USFOREX 116734062.9354.790.580.150.42
Greece ATHENS 33191257.5863.160.630.210.42
ChileBCS 68533177.9458.490.660.250.42
FOREXFOREX 96714573.9663.380.660.250.41
USPREFERRED 140996342268.3543.820.840.450.39
SwedenSTOCKHOLM 77603177.9251.670.620.230.38
IsraelTASE 76563173.6855.360.630.270.36
SingaporeSGX 90850419455.5138.491.541.250.29
SpainIBEX 32201262.5060.000.400.250.15
UAEUAE 2101264860.0038.101.561.440.12
Austria WIENERBORSE 29171058.6258.820.350.240.12
ItalyBORSA 31191061.2952.630.320.260.05
NetherlandsAMSTERDAM 30191063.3352.630.320.260.05
GermanyXETRA 30191063.3352.630.320.260.05
FrancePARIS 31191061.2952.630.320.260.05
BelgiumBRUSSELS 30191063.3352.630.320.260.05
PortugalLISBON 32201262.5060.000.300.300.00
USWARRANTS 2313456.5230.771.312.23-0.92
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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