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 82635349261864.8348.878.242.265.98
ChinaSSE 70714457281863.0763.185.710.804.91
JapanFUKUOKA 1912763.1658.335.170.504.67
ChinaSZSE 96865860371360.5063.365.380.964.42
IndiaNSE 95935625342958.6460.965.200.854.35
IndiaBSE 163309376537057.4257.275.461.164.29
PakistanKSE 2115124973159.0558.535.100.924.17
ArgentinaBUE 32519611960.3160.715.020.874.15
South KoreaKOSDAQ 53063193195560.2361.174.880.774.12
TurkeyBIST 114866436558.0154.804.790.784.01
USAMEX 1690105559562.4356.404.731.023.71
USWARRANTS 81522564.2048.085.692.103.60
USNASDAQ 146729495579764.7661.014.380.883.50
EgyptEGX 151182342754.4751.884.421.153.27
Poland GPW 167395655457.2057.894.170.933.23
RussiaMICEX 90458733064.9356.224.090.893.21
SpainIBEX 75548929964.7761.153.910.743.17
NorwayOSE 70745325764.2156.614.351.233.12
Greece ATHENS 2481488459.6856.764.281.163.11
BrazilBOVESPA 123876345161.6359.113.760.753.01
IsraelTASE 1955111267156.8860.343.700.802.90
Hong KongHKEX 72884190207957.4949.624.241.352.89
The World 2181511350897739861.9557.273.750.892.86
PhilippinesPSE 72543121759.4550.353.871.022.85
Vietnam HOSE 113862132954.5752.983.851.042.81
CanadaCSE 135833561.4842.176.453.732.71
ChileBCS 26201376.9265.003.000.302.70
South KoreaKRX 51463092181460.1258.633.210.642.57
JapanTOKYO 1914411744696061.3559.263.290.752.55
IndonesiaIDX 90248225053.4451.873.411.062.36
ArgentinaBUE 58462979.3163.042.540.242.30
JapanNAGOYA 1691076463.3159.812.850.552.30
BangladeshDSE 139888243463.0949.213.230.932.29
Austria WIENERBORSE 2021358366.8361.482.770.602.17
ThailandSET 2185123756856.6145.923.120.982.15
SwedenSTOCKHOLM 2662166491162.6254.653.151.032.12
MexicoBMV 49382877.5573.682.210.112.11
RussiaMICEX 70472767.1457.452.470.382.09
BelgiumBRUSSELS 56336821065.3657.072.640.562.08
TaiwanTWSE 40432274123956.2554.492.690.632.06
QatarQE 2301457563.0451.722.630.612.02
TaiwanGTSM 3192177694955.6453.432.850.842.01
UKLSE 97086054343062.3656.662.710.712.00
CanadaTSX 68834376245063.5855.992.620.751.87
OmanMSM 100452345.0051.112.820.981.84
FrancePARIS 40962573147262.8257.212.450.611.84
USNYSE 1997313175771866.0058.552.490.661.83
MexicoBMV 95061634265.3755.072.500.701.81
Saudi ArabiaTADAWUL 121969038656.6055.942.470.711.76
DenmarkCOPENHAGEN 55035319564.1855.242.430.691.75
UAEUAE 2671537157.3046.412.891.151.74
AustraliaASX 32551998103061.3851.552.991.271.72
GermanyXETRA 60024036234967.2858.172.320.631.69
ItalyBORSA 50203224177064.3454.802.390.721.67
AustraliaASX 53352566.0471.431.690.091.60
PortugalLISBON 1881165961.7050.862.490.911.58
CanadaTSX-V 100163123863.0437.724.392.871.52
NetherlandsAMSTERDAM 117178745867.2158.201.790.431.36
TurkeyBIST 69422860.8766.671.450.121.33
USOTCBB 194121.0525.008.257.001.25
KuwaitKSE 3201897759.0640.742.971.781.19
SwitzerlandSIX 2161146282867.6556.631.670.481.18
IndiaNSE 55352163.6460.001.290.111.17
UAEUAE 76462760.5358.701.260.171.09
MalaysiaBURSA 2139119752655.9643.942.471.391.08
UKLSE 58362762.0775.001.190.171.03
Vietnam HNX 51925210548.5541.673.312.291.02
Vietnam HOSE 77523467.5365.381.150.151.00
BrazilBOVESPA 49352471.4368.571.110.200.91
South KoreaKOSDAQ 50402780.0067.501.030.150.88
IndonesiaIDX 60483280.0066.671.040.170.88
MalaysiaBURSA 48332168.7563.641.090.240.85
PhilippinesPSE 77502964.9458.000.960.160.80
FOREXFOREX 92654370.6566.150.910.140.77
TaiwanGTSM 42301771.4356.670.970.230.73
Hong KongHKEX 67483071.6462.500.880.150.73
Poland GPW 80593673.7561.020.860.170.69
ChinaSSE 55352463.6468.570.830.140.69
NorwayOSE 60442973.3365.910.840.160.68
CanadaTSX 61392663.9366.670.900.280.62
JapanTOKYO 46362278.2661.110.750.140.61
JordanASE 2311174550.6538.462.441.840.60
BangladeshDSE 34291685.2955.170.830.240.59
USFOREX 99603460.6156.670.670.150.52
ThailandSET 82602973.1748.330.670.150.52
SingaporeSGX 61512483.6147.060.760.270.49
PakistanKSE 48372177.0856.760.730.240.49
SingaporeSGX 121165125453.7639.021.771.300.47
SwitzerlandSIX 37241064.8641.670.580.130.46
USPREFERRED 141697750469.0051.590.800.340.45
ChileBCS 64523181.2559.620.670.230.44
SwedenSTOCKHOLM 69532776.8150.940.640.230.42
IsraelTASE 64452670.3157.780.640.310.33
DenmarkCOPENHAGEN 51372172.5556.760.430.160.27
SpainIBEX 31191261.2963.160.420.260.16
Austria WIENERBORSE 28161057.1462.500.380.250.13
Greece ATHENS 30171156.6764.710.350.240.12
NetherlandsAMSTERDAM 29181062.0755.560.330.280.06
ItalyBORSA 30181060.0055.560.330.280.06
BelgiumBRUSSELS 29181062.0755.560.330.280.06
GermanyXETRA 29181062.0755.560.330.280.06
FrancePARIS 30181060.0055.560.330.280.06
PortugalLISBON 29181162.0761.110.330.330.00
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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