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 36241166.6745.835.380.464.92
TurkeyBIST 124971537757.2552.735.791.014.78
South KoreaKOSDAQ 60003489185558.2753.063.961.122.84
PakistanKSE 2310129562756.0648.424.241.432.81
IndiaNSE 114766316316255.1150.003.961.212.74
EgyptEGX 142881139556.7948.713.991.272.72
ArgentinaBUE 44825312858.4848.854.541.842.69
Poland GPW 158388545156.1050.793.751.112.64
ArgentinaBUE 77583375.3256.902.950.312.64
NorwayOSE 78148023961.5949.693.911.312.60
IndiaBSE 1826710229478456.0146.764.191.602.59
IndonesiaIDX 90651326356.6251.273.661.082.58
Vietnam HOSE 123566933754.1750.373.651.122.53
USNASDAQ 1593610346549065.2052.843.751.222.53
USOTC PINK 97336363270765.6542.365.543.042.50
Greece ATHENS 2771738762.4550.293.721.292.43
IsraelTASE 2291124264654.2152.013.350.972.38
SpainIBEX 79652228665.5854.793.160.902.26
TurkeyBIST 85483456.4770.832.310.102.21
BangladeshDSE 145191340962.9244.803.171.132.04
OmanMSM 88422247.7352.382.950.932.02
JapanTOKYO 2107412830673160.8852.462.960.991.96
SwedenSTOCKHOLM 32111999100062.2550.033.281.341.93
BrazilBOVESPA 135784542162.8649.362.981.051.93
PhilippinesPSE 72945720962.6945.733.071.161.91
The World 2395291473287392961.5950.123.001.151.85
RussiaMICEX 82563168.2955.362.180.391.79
USAMEX 2378151473363.6748.412.961.221.74
ChinaSZSE 113056805332860.1948.912.901.221.68
Hong KongHKEX 80834523199556.1743.943.291.611.68
TaiwanTWSE 43112471122157.3249.412.420.771.65
MexicoBMV 69523575.3667.311.830.171.65
CanadaCSE 2961776962.1637.505.644.031.61
PortugalLISBON 1781094461.2440.372.641.061.59
South KoreaKRX 59883450173857.7050.302.400.821.58
AustraliaASX 69473568.1274.471.640.061.57
UKLSE 100636457337764.2452.242.400.851.55
RussiaMICEX 107466731362.2946.792.621.131.49
USNYSE 2084113802735866.3053.252.300.851.45
DenmarkCOPENHAGEN 54535316464.7746.462.290.881.42
ThailandSET 2444129656753.0343.752.451.081.37
FrancePARIS 41912653136863.3351.542.120.761.36
CanadaTSX 71474541224763.5449.482.230.881.35
ChinaSSE 80625018242962.2448.412.471.121.35
BelgiumBRUSSELS 53534216263.9347.372.030.691.34
JapanNAGOYA 1851155362.1646.092.210.901.31
Saudi ArabiaTADAWUL 121472532959.7245.382.170.891.28
AustraliaASX 36812284108262.0547.372.751.481.28
USOTCBB 194121.0525.008.257.001.25
TaiwanGTSM 3470192688155.5045.742.291.061.23
QatarQE 2451506761.2244.672.080.851.23
BrazilBOVESPA 65493475.3869.391.390.201.18
Austria WIENERBORSE 2791698960.5752.662.020.851.17
Vietnam HNX 4672279348.6140.973.001.851.15
GermanyXETRA 64704303228166.5552.971.910.771.14
ItalyBORSA 54663596172565.8847.902.120.991.13
JordanASE 203973747.7838.143.052.001.05
NetherlandsAMSTERDAM 123382546566.9156.361.570.521.05
MexicoBMV 105766431562.8247.442.051.041.02
MalaysiaBURSA 2400132454055.1740.792.441.450.99
NorwayOSE 87664575.8668.181.150.170.98
UKLSE 72483566.6772.921.150.170.98
ChileBCS 46311567.3948.391.680.710.97
IndiaNSE 67442665.6759.091.110.160.95
UAEUAE 102603258.8253.331.120.170.95
SwitzerlandSIX 2263154683368.3253.881.540.590.95
Vietnam HOSE 105704266.6760.001.000.140.86
KuwaitKSE 2851918467.0243.982.451.640.81
Poland GPW 93664270.9763.640.940.150.79
IndonesiaIDX 72583580.5660.340.970.220.74
MalaysiaBURSA 58402568.9762.500.950.230.73
South KoreaKOSDAQ 62493379.0367.350.860.160.69
ChinaSSE 75493065.3361.220.780.140.63
TaiwanGTSM 55402072.7350.000.830.200.63
Hong KongHKEX 89623769.6659.680.770.180.60
PhilippinesPSE 100683268.0047.060.750.180.57
UAEUAE 2311405660.6140.001.891.370.51
SwitzerlandSIX 61432370.4953.490.630.120.51
CanadaTSX 83533463.8664.150.740.230.51
IsraelTASE 91643870.3359.380.730.230.50
JapanTOKYO 66523278.7961.540.670.170.50
ChileBCS 73563376.7158.930.710.230.48
DenmarkCOPENHAGEN 67513076.1258.820.610.140.47
SwedenSTOCKHOLM 86693680.2352.170.650.200.45
SingaporeSGX 102556422055.0239.011.591.140.45
PakistanKSE 59432572.8858.140.720.280.44
ThailandSET 118853872.0344.710.590.150.44
BangladeshDSE 46371880.4348.650.650.220.43
SingaporeSGX 77612979.2247.540.670.260.41
Greece ATHENS 38221357.8959.090.590.180.41
CanadaTSX-V 122174126961.4335.873.803.390.40
USPREFERRED 1555108949070.0345.000.810.440.36
USFOREX 133814060.9049.380.520.170.35
FOREXFOREX 111844875.6857.140.600.260.33
SpainIBEX 37241464.8658.330.500.210.29
Austria WIENERBORSE 33201160.6155.000.350.200.15
NetherlandsAMSTERDAM 34221164.7150.000.320.230.09
ItalyBORSA 35221162.8650.000.320.230.09
GermanyXETRA 34221164.7150.000.320.230.09
FrancePARIS 35221162.8650.000.320.230.09
BelgiumBRUSSELS 34221164.7150.000.320.230.09
PortugalLISBON 36231363.8956.520.300.260.04
USWARRANTS 2413554.1738.461.311.92-0.62
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.

Candlesticker.com is an independent and free website and all the Services provided by Americanbulls.com LLC at Candlesticker.com are completely free of charge. Americanbulls.com LLC does not receive compensation by any direct or indirect means from the visitors and users of this website (or of any other bulls.com© family websites), and from the stocks, securities and other institutions or any underwriters or dealers associated with the broader national or international forex, commodity and stock markets.

You agree that Candlesticker.com and Americanbulls.com LLC its parent company, subsidiaries, affiliates, officers and employees shall not be liable for any direct, indirect, incidental, special or consequential damages.