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 1/1/2019
Stock Exchange 
Per Trade 
Total Net% Descending
JapanSAPPORO 136446.1566.6710.170.1710.00
ArgentinaBUE 109844977.0658.332.450.272.18
TurkeyBIST 119735161.3469.862.050.101.96
OmanMSM 151693647.0250.702.651.061.59
USOTCBB 194121.0525.
BrazilBOVESPA 108865779.6366.281.360.261.10
RussiaMICEX 1531105771.9051.821.540.451.09
AustraliaASX 122865670.4965.
MexicoBMV 1271056282.6859.
PakistanKSE 99694069.7057.971.260.290.97
IndiaNSE 90593465.5657.631.100.150.95
Poland GPW 1461035870.5556.311.130.190.93
ChileBCS 105764772.3861.841.130.210.92
FOREXFOREX 1761438581.2559.441.130.260.87
JapanTOKYO 103764773.7961.841.010.170.84
UAEUAE 1591055766.0454.
BangladeshDSE 95733376.8445.210.950.210.74
NorwayOSE 1871318170.0561.830.920.210.72
Vietnam HOSE 1771216468.3652.890.820.180.64
SwitzerlandSIX 102793577.4544.300.800.180.62
IndonesiaIDX 119895074.7956.180.870.250.62
South KoreaKOSDAQ 107844778.5055.950.760.210.55
ChinaSSE 132884566.6751.140.750.220.53
SwedenSTOCKHOLM 1671326579.0449.240.730.200.52
CanadaTSX 147925762.5961.960.720.220.50
DenmarkCOPENHAGEN 96774380.2155.840.620.140.48
ThailandSET 1681155768.4549.570.640.170.47
MalaysiaBURSA 95693672.6352.170.740.290.45
Greece ATHENS 67442565.6756.820.660.230.43
PhilippinesPSE 137924267.1545.650.630.210.42
SingaporeSGX 127914371.6547.250.640.220.42
SpainIBEX 67482871.6458.330.600.230.38
IsraelTASE 1521065769.7453.770.590.230.37
NetherlandsAMSTERDAM 66472571.2153.190.550.230.32
BelgiumBRUSSELS 66472571.2153.190.550.230.32
Austria WIENERBORSE 61422368.8554.760.550.240.31
TaiwanGTSM 112853375.8938.820.640.330.31
ItalyBORSA 65462470.7752.170.500.240.26
GermanyXETRA 64462471.8852.170.500.240.26
FrancePARIS 65462470.7752.170.500.240.26
USFOREX 2061335864.5643.610.450.230.23
PortugalLISBON 66472571.2153.190.490.300.19
PortugalLISBON 2077463.773.
Vietnam HOSE 23645351.350.
KuwaitKSE 5456460.
The World 4173286743368859.221.490.070.020.05
JapanFUKUOKA 645271.884.350.050.030.02
USWARRANTS 5982152.680.320.030.020.01
IsraelTASE 50614256.370.
ItalyBORSA 89923262.390.
GermanyXETRA 124954263.
TurkeyBIST 24032155.640.
DenmarkCOPENHAGEN 9683163.
PakistanKSE 34842155.510.
IndiaBSE 285255353.970.
USNASDAQ 279199662.390.
FrancePARIS 63724161.
Poland GPW 27853255.910.
TaiwanGTSM 57243154.790.
USNYSE 305985462.
Hong KongHKEX 124415354.650.
CanadaTSX 120206459.940.
IndiaNSE 169201152.
SingaporeSGX 15390054.
NorwayOSE 17570060.330.
TaiwanTWSE 71370056.
Vietnam HNX 7110050.910.
ChileBCS 2950049.490.
SwitzerlandSIX 40540063.860.
SpainIBEX 11360061.530.
Greece ATHENS 5680060.740.
ChinaSZSE 212780054.810.
ArgentinaBUE 13400062.
Austria WIENERBORSE 5370062.760.
BelgiumBRUSSELS 8100058.770.
BrazilBOVESPA 43720063.310.
CanadaCSE 9731055.
CanadaTSX-V 26470057.650.
MalaysiaBURSA 46390054.370.
MexicoBMV 22310061.950.
UAEUAE 3720062.900.
Saudi ArabiaTADAWUL 18840059.340.
QatarQE 4000063.
JordanASE 2720051.470.
IndonesiaIDX 22330052.
JapanTOKYO 332912059.660.
ChinaSSE 156313156.
UKLSE 166201061.350.
ThailandSET 48104153.350.
EgyptEGX 20277254.760.
AustraliaASX 78096259.
South KoreaKRX 91791056.490.
NetherlandsAMSTERDAM 20802164.860.
South KoreaKOSDAQ 100591056.420.
RussiaMICEX 179011561.400.450.010.010.00
USOTC PINK 185102062.640.
USAMEX 48231060.900.
SwedenSTOCKHOLM 54463061.460.
USPREFERRED 23267262.680.
BangladeshDSE 28168159.340.060.000.01-0.01
PhilippinesPSE 12946159.740.130.000.03-0.03
JapanNAGOYA 2548263.391.240.030.07-0.04
UKLSE 143976967.8371.130.991.20-0.21
Hong KongHKEX 1511035968.2157.280.731.18-0.46
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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