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 91825948291464.9148.898.022.265.76
ChinaSSE 79174951309162.5462.435.330.814.52
ArgentinaBUE 39123414059.8559.835.311.034.27
IndiaBSE 1815110322582756.8856.445.391.174.22
TurkeyBIST 124172440158.3455.394.960.814.15
IndiaNSE 107776217373357.6960.055.020.874.15
ChinaSZSE 109496529407659.6362.435.070.954.12
South KoreaKOSDAQ 57833451212959.7161.664.840.774.08
PakistanKSE 2304133677157.9957.714.940.963.98
JapanFUKUOKA 27181066.6755.564.330.443.89
USWARRANTS 88522759.0951.925.711.853.87
CanadaCSE 1771134864.4142.117.303.753.54
USNASDAQ 1603310338630564.5260.954.320.873.45
NorwayOSE 80150228362.6756.374.441.193.24
Poland GPW 1790101257956.6557.104.070.923.15
Vietnam HOSE 121867637255.5055.034.141.003.14
SpainIBEX 80051731764.6361.323.840.723.13
ArgentinaBUE 59473079.6663.833.320.233.09
RussiaMICEX 98762834563.6354.943.970.923.04
IsraelTASE 2154121772856.5059.823.790.822.97
EgyptEGX 156285844154.9351.404.141.162.97
USAMEX 2347151584264.5555.583.780.892.89
BrazilBOVESPA 137885649962.1258.293.640.762.88
Hong KongHKEX 81374636227456.9749.054.201.402.80
The World 2397301477028415761.6356.963.680.892.79
Greece ATHENS 2651598860.0055.353.961.232.73
PhilippinesPSE 78647023559.8050.003.701.022.68
South KoreaKRX 56853393199959.6858.923.210.632.58
JapanTOKYO 2123013000767061.2359.003.260.752.51
BangladeshDSE 151694246062.1448.833.340.952.39
IndonesiaIDX 98952727253.2951.613.441.062.38
ChileBCS 31231574.1965.222.780.432.35
SwedenSTOCKHOLM 29661842101362.1054.993.241.022.21
JapanNAGOYA 1901217163.6858.682.740.532.21
Austria WIENERBORSE 2221468965.7760.962.710.572.14
DenmarkCOPENHAGEN 58337220563.8155.112.790.692.10
ThailandSET 2346132560756.4845.813.080.992.08
TurkeyBIST 73443060.2768.182.180.112.07
RussiaMICEX 72492768.0655.102.370.391.98
TaiwanTWSE 44212463133555.7154.202.630.651.98
UKLSE 105656583374362.3156.862.650.691.95
MexicoBMV 52412878.8568.292.050.151.90
BelgiumBRUSSELS 57838120965.9254.862.460.571.88
TaiwanGTSM 35281938101554.9352.372.740.861.88
QatarQE 2491568062.6551.282.490.631.86
CanadaTSX 73884680259763.3955.462.560.741.82
USNYSE 2164314249836965.8458.732.460.651.81
FrancePARIS 44362776158162.5856.952.380.611.77
AustraliaASX 35762204114361.6351.863.021.281.74
OmanMSM 105462343.8150.002.761.021.74
MexicoBMV 105768237564.5254.992.450.731.73
AustraliaASX 55362665.4572.221.750.081.67
Saudi ArabiaTADAWUL 132575241456.7555.052.370.711.66
GermanyXETRA 65664370252666.5557.802.260.631.64
ItalyBORSA 54703523191364.4154.302.300.731.57
UAEUAE 2841627457.0445.682.801.241.56
CanadaTSX-V 107967925062.9336.824.362.961.40
PortugalLISBON 2051236060.0048.782.360.971.39
NetherlandsAMSTERDAM 127485349366.9557.801.750.431.31
USOTCBB 194121.0525.008.257.001.25
Vietnam HNX 54927011449.1842.223.382.201.18
KuwaitKSE 3442048359.3040.692.891.741.15
IndiaNSE 57372364.9162.161.240.111.14
MalaysiaBURSA 2317130156456.1543.352.511.391.13
SwitzerlandSIX 2376160289167.4255.621.610.491.12
UKLSE 60382863.3373.681.210.181.03
UAEUAE 81492960.4959.181.180.161.02
Vietnam HOSE 82573769.5164.911.070.140.93
IndonesiaIDX 62513482.2666.671.080.160.92
BrazilBOVESPA 51352468.6368.571.110.230.89
MalaysiaBURSA 50342268.0064.711.090.240.85
South KoreaKOSDAQ 54422877.7866.670.980.170.81
NorwayOSE 64473273.4468.090.940.150.79
TaiwanGTSM 43311872.0958.061.000.230.77
PhilippinesPSE 82543065.8555.560.910.170.74
Poland GPW 82593671.9561.020.900.170.73
FOREXFOREX 95684471.5864.710.870.150.72
Hong KongHKEX 71503270.4264.000.860.140.72
JordanASE 2411224850.6239.342.671.960.71
JapanTOKYO 52402676.9265.000.780.130.65
ChinaSSE 58372563.7967.570.810.160.65
CanadaTSX 65402661.5465.000.900.280.63
BangladeshDSE 34291685.2955.170.830.240.59
USPREFERRED 1580109555069.3050.230.850.330.52
SwitzerlandSIX 40261265.0046.150.620.120.50
ThailandSET 90643171.1148.440.640.160.48
SingaporeSGX 66542681.8248.150.740.260.48
SingaporeSGX 128268827053.6739.241.771.300.48
PakistanKSE 50382276.0057.890.710.240.47
USFOREX 107683963.5557.350.600.130.47
ChileBCS 65523180.0059.620.670.230.44
SwedenSTOCKHOLM 70542877.1451.850.650.240.41
IsraelTASE 67462768.6658.700.650.300.35
Greece ATHENS 33191257.5863.160.530.210.32
DenmarkCOPENHAGEN 55402372.7357.500.450.150.30
SpainIBEX 32201262.5060.000.400.250.15
Austria WIENERBORSE 29171058.6258.820.350.240.12
NetherlandsAMSTERDAM 30191063.3352.630.320.260.05
ItalyBORSA 31191061.2952.630.320.260.05
GermanyXETRA 30191063.3352.630.320.260.05
FrancePARIS 31191061.2952.630.320.260.05
BelgiumBRUSSELS 30191063.3352.630.320.260.05
PortugalLISBON 31191161.2957.890.320.320.00
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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