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 1/1/2015
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
USOTC PINK 99816375309364.1148.347.862.305.56
ChinaSSE 85555327333562.2762.615.230.814.42
IndiaBSE 1925110948618856.9056.505.351.174.18
IndiaNSE 115546605396957.2460.014.990.874.12
ChinaSZSE 118337093445159.9462.755.030.944.09
TurkeyBIST 135478442857.9054.594.940.874.07
ArgentinaBUE 43925515058.0958.825.151.114.04
South KoreaKOSDAQ 62803664224058.3961.094.760.803.96
PakistanKSE 2481141280256.9156.804.931.013.92
JapanFUKUOKA 30201166.6755.004.050.403.65
USNASDAQ 1720810980662363.8760.264.260.893.36
Poland GPW 1891107361356.8557.024.240.923.32
ArgentinaBUE 65483073.8562.503.440.273.17
NorwayOSE 83851229161.1056.844.281.153.12
USAMEX 1863115564262.0055.584.151.033.12
CanadaCSE 2161325662.5041.486.653.563.09
EgyptEGX 164590247254.8352.334.211.153.06
SpainIBEX 86755033863.4461.453.760.733.03
RussiaMICEX 104365635762.9054.423.840.922.93
BrazilBOVESPA 145290352462.1958.033.670.772.91
IsraelTASE 2315129176155.7758.953.700.822.88
Vietnam HOSE 131372639455.2954.273.931.052.87
The World 2561441560048828860.9456.563.640.912.73
Hong KongHKEX 86434877237556.4348.704.111.412.70
Greece ATHENS 2851729360.3554.073.941.272.66
BangladeshDSE 162599449161.1749.403.500.932.57
PhilippinesPSE 83549624459.4049.193.591.032.56
South KoreaKRX 61143595210058.8058.413.170.632.54
JapanTOKYO 2280813725797860.1958.123.180.782.40
IndonesiaIDX 105256029153.2351.963.361.042.33
SwedenSTOCKHOLM 32321996109661.7654.913.301.022.29
ChileBCS 33251775.7668.002.680.402.28
DenmarkCOPENHAGEN 62038621362.2655.182.730.682.05
TurkeyBIST 77453158.4468.892.160.112.04
JapanNAGOYA 2051297562.9358.142.610.592.02
Saudi ArabiaTADAWUL 137377143156.1555.902.650.671.98
TaiwanTWSE 47802622140754.8553.662.640.671.97
Austria WIENERBORSE 2511659665.7458.182.580.631.95
ThailandSET 2567141963555.2844.752.931.021.92
BelgiumBRUSSELS 61339321864.1155.472.480.571.91
RussiaMICEX 77532968.8354.722.280.401.89
UKLSE 112556943389461.7156.062.580.701.87
USWARRANTS 90532658.8949.063.751.891.87
TaiwanGTSM 37812042106854.0152.302.740.891.85
MexicoBMV 57443077.1968.181.930.141.80
CanadaTSX 79974973272662.2254.782.520.751.77
USNYSE 2320914962869464.4758.102.420.671.75
FrancePARIS 46802880163161.5856.592.370.621.74
QatarQE 2631678463.5050.302.370.621.74
OmanMSM 108472443.5251.062.721.001.72
AustraliaASX 39082373122160.7251.452.951.261.70
MexicoBMV 112772139563.9854.792.400.751.65
AustraliaASX 61413067.2173.171.680.071.61
GermanyXETRA 70324622264365.8157.112.210.641.57
UAEUAE 2991717957.1946.202.751.201.55
ItalyBORSA 58383739201664.0553.922.280.741.54
PortugalLISBON 2161316460.6548.852.420.931.49
CanadaTSX-V 118674128362.5638.144.262.961.30
NetherlandsAMSTERDAM 134589351966.3958.121.720.441.28
USOTCBB 194121.0525.008.257.001.25
KuwaitKSE 3542118659.6040.762.861.731.12
UKLSE 63413165.0875.611.270.171.10
SwitzerlandSIX 2553170094366.6355.441.590.511.08
UAEUAE 85533262.3560.381.230.151.08
MalaysiaBURSA 2564141859955.3042.242.471.421.05
IndiaNSE 61402465.5760.001.150.151.00
Vietnam HNX 55227611850.0042.753.182.200.99
Vietnam HOSE 89613868.5462.301.080.130.95
NorwayOSE 69523775.3671.151.060.130.92
IndonesiaIDX 65523480.0065.381.060.170.88
BrazilBOVESPA 57402770.1867.501.130.250.88
MalaysiaBURSA 51352368.6365.711.090.230.86
South KoreaKOSDAQ 58453177.5968.890.930.160.78
Poland GPW 83603772.2961.670.930.170.77
PhilippinesPSE 87573065.5252.630.880.160.72
FOREXFOREX 98714572.4563.380.860.140.72
TaiwanGTSM 48341870.8352.940.910.240.68
JapanTOKYO 53412777.3665.850.780.120.66
Hong KongHKEX 76553372.3760.000.800.150.65
ChinaSSE 63412865.0868.290.780.150.63
CanadaTSX 69442963.7765.910.860.250.61
JordanASE 2571284749.8136.722.541.950.59
SwitzerlandSIX 49341769.3950.000.680.120.56
BangladeshDSE 36311786.1154.840.770.230.55
SingaporeSGX 134871127952.7439.241.801.310.49
USFOREX 112704062.5057.140.590.130.46
ThailandSET 98713372.4546.480.630.180.45
PakistanKSE 53402375.4757.500.730.280.45
SingaporeSGX 70582882.8648.280.710.260.45
Greece ATHENS 33191257.5863.160.630.210.42
ChileBCS 66533180.3058.490.660.250.42
IsraelTASE 69492971.0159.180.690.290.41
SwedenSTOCKHOLM 76593077.6350.850.630.240.39
USPREFERRED 1718116556767.8148.670.710.330.39
DenmarkCOPENHAGEN 59442574.5856.820.450.140.32
SpainIBEX 32201262.5060.000.400.250.15
Austria WIENERBORSE 29171058.6258.820.350.240.12
NetherlandsAMSTERDAM 30191063.3352.630.320.260.05
ItalyBORSA 31191061.2952.630.320.260.05
GermanyXETRA 30191063.3352.630.320.260.05
FrancePARIS 31191061.2952.630.320.260.05
BelgiumBRUSSELS 30191063.3352.630.320.260.05
PortugalLISBON 32201262.5060.000.350.300.05
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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