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 1/1/2014
Stock Exchange 
Per Trade 
Total Net% Descending
JapanSAPPORO 136446.1566.6710.170.1710.00
USOTC PINK 62894071198664.8948.668.882.256.63
ChinaSSE 52903512229466.3965.326.520.775.75
ChinaSZSE 73004628302463.4065.346.100.935.17
IndiaNSE 71194316268160.6862.065.420.814.60
PakistanKSE 1746102762458.8260.765.400.854.55
IndiaBSE 121997194417158.9757.985.631.134.50
USWARRANTS 64401862.5045.
NorwayOSE 60137921863.5657.
ArgentinaBUE 2271368459.9161.764.710.853.85
South KoreaKOSDAQ 43782675161561.1060.374.580.783.80
RussiaMICEX 72345926063.4956.644.610.883.73
EgyptEGX 117163632554.3151.104.661.183.47
Greece ATHENS 1751046159.4358.654.641.193.45
USAMEX 1792117664765.8554.834.290.923.37
PhilippinesPSE 54632117058.9752.804.170.963.20
Poland GPW 138079246357.4658.394.110.943.17
Hong KongHKEX 58843411172757.9750.634.471.333.14
BrazilBOVESPA 92056633961.9659.473.850.793.06
IsraelTASE 143783150357.8360.533.760.842.92
The World 1818511139886550762.7357.433.760.872.89
ChileBCS 22171177.2764.713.180.352.82
TurkeyBIST 87452027959.5053.653.490.792.70
USNASDAQ 1735311383663465.6858.203.500.842.66
South KoreaKRX 40902431143059.4958.783.280.652.63
JapanTOKYO 152649345549461.2258.793.300.742.56
MexicoBMV 41372790.2472.972.620.142.49
ThailandSET 170098747158.0647.723.370.902.47
Austria WIENERBORSE 1571096669.4360.552.960.502.46
BangladeshDSE 107467833463.1349.263.390.962.43
JapanFUKUOKA 1912863.1666.672.580.172.42
IndonesiaIDX 73637819251.3650.793.421.102.33
Vietnam HOSE 85546424054.2751.723.411.102.31
CanadaTSX-V 74546217962.0138.745.042.732.31
UAEUAE 2161256158.3348.413.391.092.30
SwedenSTOCKHOLM 1956122266662.6354.373.271.012.25
PortugalLISBON 1651065464.2450.943.281.052.24
BelgiumBRUSSELS 46630017664.3858.672.740.522.22
ArgentinaBUE 61453073.7766.672.270.182.09
UKLSE 77284840272862.6356.362.790.732.06
TaiwanTWSE 3193181499156.8154.632.660.622.04
SpainIBEX 60036921161.5057.182.800.802.01
TaiwanGTSM 2522139673355.3552.512.820.871.95
MexicoBMV 76450128366.1056.042.610.681.93
JapanNAGOYA 123774462.6057.142.480.561.92
FrancePARIS 33132039118361.5558.022.490.601.89
CanadaTSX 56933569197762.6955.392.660.771.88
RussiaMICEX 61432270.4951.162.280.401.88
USNYSE 1657111037645466.6558.442.550.671.87
AustraliaASX 2536155482161.3252.803.001.161.84
AustraliaASX 45282162.2275.001.930.111.82
ItalyBORSA 39752571141064.6854.842.510.761.74
GermanyXETRA 48473225190466.8558.772.360.631.73
TurkeyBIST 67392858.2171.791.790.081.72
Saudi ArabiaTADAWUL 94851427454.2253.312.500.831.67
DenmarkCOPENHAGEN 44427815262.6154.682.300.651.65
OmanMSM 86381944.1950.002.551.111.45
Vietnam HNX 3941978650.0043.653.742.341.40
QatarQE 1781085360.6749.071.960.611.35
NetherlandsAMSTERDAM 100168139268.0357.561.810.471.33
USOTCBB 194121.0525.
BrazilBOVESPA 50352170.0060.001.460.231.23
SwitzerlandSIX 1736117765167.8055.311.710.501.21
Vietnam HOSE 66452968.1864.441.330.181.16
ChinaSSE 43281865.1264.291.360.211.14
UKLSE 49292359.1879.311.240.101.14
MalaysiaBURSA 159592940958.2444.032.431.331.10
TaiwanGTSM 39301976.9263.331.330.271.07
UAEUAE 87553163.2256.361.200.201.00
MalaysiaBURSA 45312168.8967.741.190.191.00
Hong KongHKEX 60432771.6762.791.140.210.93
IndonesiaIDX 73613983.5663.931.050.160.89
IndiaNSE 55351663.6445.711.030.170.86
JapanTOKYO 40331882.5054.550.940.120.82
KuwaitKSE 2661495156.0234.232.701.970.73
NorwayOSE 54392572.2264.100.850.150.69
ThailandSET 65492275.3844.900.840.160.67
PhilippinesPSE 67392258.2156.410.870.230.64
SingaporeSGX 47361876.6050.000.890.250.64
Poland GPW 67492973.1359.180.840.200.63
South KoreaKOSDAQ 51432784.3162.790.840.210.63
FOREXFOREX 87653874.7158.460.780.170.62
JordanASE 183943351.3735.112.361.780.59
SingaporeSGX 101455723454.9342.011.891.310.58
CanadaTSX 55342261.8264.710.880.320.56
USPREFERRED 121483842969.0351.190.910.370.54
PakistanKSE 41291870.7362.070.690.170.52
USFOREX 102674065.6959.700.610.100.51
DenmarkCOPENHAGEN 46341873.9152.940.620.150.47
SwedenSTOCKHOLM 56422375.0054.760.640.210.43
BangladeshDSE 37331989.1957.580.610.180.42
ChileBCS 61452673.7757.780.600.220.38
SwitzerlandSIX 3425873.5332.000.480.240.24
IsraelTASE 54352164.8160.000.490.290.20
SpainIBEX 31201164.5255.000.350.350.00
GermanyXETRA 3019963.3347.370.260.32-0.05
NetherlandsAMSTERDAM 2918962.0750.000.280.33-0.06
ItalyBORSA 3018960.0050.000.280.33-0.06
Austria WIENERBORSE 2918962.0750.000.280.33-0.06
BelgiumBRUSSELS 2918962.0750.000.280.33-0.06
FrancePARIS 3018960.0050.000.280.33-0.06
Greece ATHENS 2817960.7152.940.290.35-0.06
PortugalLISBON 30201166.6755.000.300.40-0.10
CanadaCSE 53381471.7036.843.504.00-0.50
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


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.