BULLISH DOJI STAR
The chart showing Series 1 series.
To evaluate the performance of the pattern in your stock exchange within the context of other global markets, please refer to the table below. Locate your stock market to see its ranking among others. This will provide insights into the pattern’s strength and reliability, aiding you in your buying and selling decisions.
BULLISH DOJI STAR
Definition
This pattern emerges in a downtrend and signals a potential trend reversal. It comprises a black candlestick followed by a Doji that gaps downward at the opening. When the Doji resembles an Umbrella, it is termed a "Bullish Dragonfly Doji". Conversely, if it takes the form of an Inverted Umbrella, it is called a "Bullish Gravestone Doji". Collectively, these patterns are referred to as a "Bullish Doji Star", irrespective of the Doji’s shape.
Recognition Criteria
1. The market is currently defined by a dominant downward trend.
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 pattern should begin with a normal or long black candlestick. This must be followed by a Doji that gaps downward.
Trader’s Behavior
The market is in a downtrend, confirmed by a strong black candlestick. The next day, the market opens lower with a gap down and trades within a narrow range. The day closes at the opening price, forming a Doji. While bears were in control during the downtrend, the appearance of a Doji Star implies a shift, indicating equilibrium between bulls and bears. The bearish momentum is waning, suggesting unfavorable conditions for the continuation of the bear market.
Buy/Stop-Loss Levels
The confirmation level is set at the midpoint of the gap between the Doji and the preceding candlestick. For confirmation, prices must exceed this level.

The stop-loss level is set at the lower of the last two lows. After a BUY signal, the stop-loss is triggered if prices decline instead of rising and either close below the stop-loss level or record two consecutive daily lows below it, without any bearish pattern being detected.
Title
Pattern Performance in Stock Exchanges since 1/1/2022
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
BangladeshDSE 3391183082856.1843.463.461.242.22
The WorldWORLD MARKETS 502431220061197060.513.940.550.050.50
PortugalLISBON 2146467.292.780.090.000.09
ChileBCS 4782253.770.780.070.000.07
Vietnam HOSE 24057451.730.320.080.010.07
IsraelTASE 62369858.270.220.020.000.02
JapanFSE 743172.971.850.030.010.02
Austria WIENERBÖRSE 10494360.630.470.010.000.01
Poland GPW 32142260.730.100.010.000.01
ArgentinaBCBA 15131163.910.100.000.000.00
South KoreaKOSDAQ 136935257.200.030.010.000.00
FrancePARIS 71386461.420.090.000.000.00
TurkeyBIST 29744357.830.170.000.000.00
PakistanPSX 35071159.280.050.000.000.00
Hong KongHKEX 124128557.110.070.000.000.00
IndiaNSE 189604354.390.030.000.000.00
USNYSE 408398662.980.020.000.000.00
KuwaitBOURSA KUWAIT 6173259.810.540.010.010.00
ItalyMILAN 122485263.850.030.000.000.00
ChinaSZSE 297155458.670.020.000.000.00
NetherlandsAMSTERDAM 31678366.280.140.000.000.00
IndiaBSE 352795454.890.020.000.000.00
UKLSE 228802161.960.010.000.000.00
ThailandSET 55526353.870.100.000.000.00
AustraliaASX 88525360.990.060.000.000.00
ChinaSSE 258594258.630.010.000.000.00
South KoreaKRX 111816258.020.030.000.000.00
CanadaTSX 131392261.520.020.000.000.00
Saudi ArabiaTADAWUL 21980061.010.000.000.000.00
MalaysiaBURSA MALAYSIA 38810057.410.000.000.000.00
MexicoBMV 24970063.040.000.000.000.00
Vietnam HNX 6810055.650.000.000.000.00
TaiwanTWSE 83590057.910.000.000.000.00
SingaporeSGX 13960055.300.000.000.000.00
USOTC MARKETS 182910062.330.000.000.000.00
USNASDAQ 352190062.530.000.000.000.00
USAMEX 66700064.410.000.000.000.00
SpainBME 13030061.780.000.000.000.00
Greece ATHEX 7030063.580.000.000.000.00
GermanyXETRA 191930064.200.000.000.000.00
CanadaCSE 8190055.430.000.000.000.00
CanadaTSXV 25880056.490.000.000.000.00
BrazilBOVESPA 61120062.780.000.000.000.00
BelgiumBRUSSELS 8280059.420.000.000.000.00
SwitzerlandSIX 51640064.160.000.000.000.00
JapanNSE 2570064.200.000.000.000.00
IndonesiaIDX 27500050.620.000.000.000.00
JordanASE 2130043.660.000.000.000.00
JapanTSE 363972062.810.000.000.000.00
TaiwanTPEx 65385156.150.030.000.000.00
DenmarkOMX COPENHAGEN 10554265.120.290.010.010.00
SwedenOMX STOCKHOLM 62512061.670.000.000.000.00
EgyptEGX 14571054.500.000.000.000.00
QatarQE 4441060.360.000.000.000.00
NorwayOSE 23045164.060.070.010.010.00
UAEDFM-ADX 5054158.220.340.010.03-0.02
PhilippinesPSE 11955160.500.140.000.03-0.02
Patterns Total: The number of occurrences of this particular pattern during the specified period.
Confirmed Total: The number of detected patterns that were confirmed and converted into signals.
Profitable Signals: The number of confirmed patterns that resulted in profitable trades.
Confirmation %: The percentage of confirmed patterns relative to the total occurrences of this pattern.
Profitable Signal %: The percentage of successful confirmed patterns relative to the total confirmed patterns.
Per Trade Profit %: Total Profits divided by Total Trades.
Per Trade Loss %: Total Losses divided by Total Trades.
Per Trade Net%: (Total Profits minus Total Losses) divided by the Total Number of Trades.
Samples: Live sample ticker symbols from stock exchanges, with links to the related bulls.com© family websites’ stock pages.

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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