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 1/1/2016
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
JapanFUKUOKA 33231169.7047.835.610.395.22
TurkeyBIST 111566034659.1952.425.801.024.78
ArgentinaBUE 41624012358.1750.834.991.543.45
ArgentinaBUE 70513172.8660.783.330.293.04
IndiaNSE 100095701294257.0051.574.171.163.01
PakistanKSE 2114119859456.6749.584.311.342.97
South KoreaKOSDAQ 52913073165358.1453.744.011.072.94
Poland GPW 145280541355.6551.113.941.062.88
USOTC PINK 83805502238865.7943.325.853.012.84
IndiaBSE 163269355445657.3147.624.371.562.81
USNASDAQ 142159285497265.3953.493.891.182.72
NorwayOSE 69544022163.3150.234.081.412.68
IndonesiaIDX 79945523356.9551.213.711.052.66
EgyptEGX 130574635657.1647.723.941.302.64
IsraelTASE 2068113760354.9853.033.430.962.47
Vietnam HOSE 111660230153.9450.003.591.212.38
Greece ATHENS 2581638163.1849.693.661.342.32
TurkeyBIST 83473356.6370.212.320.112.21
SpainIBEX 70346926466.7156.293.020.902.12
USAMEX 2042127262362.2948.983.281.202.08
BangladeshDSE 130582136862.9144.823.191.122.08
JapanTOKYO 1889811573611661.2452.853.010.982.03
BrazilBOVESPA 123276637562.2648.893.041.071.96
The World 2140211328466724762.1050.603.091.131.96
PhilippinesPSE 65241018562.8845.123.001.121.89
RussiaMICEX 79543068.3555.562.240.391.85
Hong KongHKEX 71584061181556.8644.593.371.531.84
PortugalLISBON 158984162.0341.842.770.941.83
SwedenSTOCKHOLM 2854176687861.8849.723.151.331.81
ChinaSZSE 99606101299561.2649.092.981.221.76
South KoreaKRX 51433016154758.6451.292.530.791.74
TaiwanTWSE 38882209108956.8249.302.490.781.71
DenmarkCOPENHAGEN 48832315066.1946.442.510.891.62
MexicoBMV 67513476.1266.671.760.181.59
CanadaCSE 2391546165.6938.855.704.111.59
UKLSE 91455886309064.3652.502.390.851.54
USNYSE 1871212440667766.4853.672.370.841.54
QatarQE 2081275661.0644.092.320.801.53
JapanNAGOYA 1721085362.7949.072.350.881.47
ChinaSSE 71204502219963.2348.842.561.091.47
AustraliaASX 68473569.1274.471.530.061.47
BelgiumBRUSSELS 47730815164.5749.032.110.651.46
FrancePARIS 37922401124763.3251.942.190.741.46
OmanMSM 75331644.0048.482.420.971.45
ThailandSET 2134115550754.1243.902.491.061.43
CanadaTSX 63834109204364.3749.722.290.891.40
KuwaitKSE 2371587466.6746.842.801.441.36
Saudi ArabiaTADAWUL 109966129960.1545.232.220.881.34
TaiwanGTSM 3092172279455.6946.112.351.051.30
ChileBCS 2518972.0050.002.000.721.28
RussiaMICEX 95359728162.8546.912.401.141.26
USOTCBB 194121.0525.008.257.001.25
Austria WIENERBORSE 2261427762.8354.232.090.851.25
GermanyXETRA 58023883207966.9853.501.970.731.24
ItalyBORSA 49203259156666.2448.052.190.971.22
Vietnam HNX 4532259549.6742.223.021.801.22
JordanASE 184883447.8338.643.322.101.22
AustraliaASX 3300203895661.7646.912.671.471.20
MexicoBMV 96861028663.0246.892.091.041.04
UKLSE 71473666.2076.601.190.151.04
UAEUAE 94553158.5156.361.180.161.02
MalaysiaBURSA 2149118347755.0540.322.431.411.01
IndiaNSE 63422566.6759.521.140.141.00
NetherlandsAMSTERDAM 110875141367.7854.991.500.530.97
NorwayOSE 78584074.3668.971.140.170.97
SwitzerlandSIX 2028140575469.2853.671.540.600.95
Vietnam HOSE 98654066.3361.541.060.140.92
BrazilBOVESPA 61453073.7766.671.090.220.87
CanadaTSX-V 113970226161.6337.184.193.350.84
Poland GPW 86613870.9362.300.950.160.79
IndonesiaIDX 70563480.0060.710.980.230.75
MalaysiaBURSA 55392470.9161.540.970.230.74
South KoreaKOSDAQ 60483380.0068.750.880.170.71
Hong KongHKEX 81583471.6058.620.830.170.66
TaiwanGTSM 52371971.1551.350.860.220.65
PhilippinesPSE 94623265.9651.610.820.180.65
CanadaTSX 72473065.2863.830.830.230.60
JapanTOKYO 60483180.0064.580.730.150.58
SwitzerlandSIX 53372069.8154.050.680.110.57
ChinaSSE 72473065.2863.830.700.150.55
PakistanKSE 58422472.4157.140.740.260.48
BangladeshDSE 41361887.8050.000.670.220.44
ThailandSET 104753572.1246.670.600.170.43
DenmarkCOPENHAGEN 63472774.6057.450.570.150.43
UAEUAE 2221345360.3639.551.791.370.43
FOREXFOREX 104764873.0863.160.660.240.42
ChileBCS 69533176.8158.490.660.250.42
SingaporeSGX 74612982.4347.540.670.260.41
USFOREX 120744061.6754.050.570.160.41
Greece ATHENS 35201257.1460.000.600.200.40
USPREFERRED 1444100043969.2543.900.830.440.39
SwedenSTOCKHOLM 81643479.0153.130.590.220.38
SingaporeSGX 93151519955.3238.641.581.210.37
IsraelTASE 78573273.0856.140.610.260.35
SpainIBEX 34221364.7159.090.500.230.27
Austria WIENERBORSE 30181060.0055.560.330.220.11
NetherlandsAMSTERDAM 31201064.5250.000.300.250.05
ItalyBORSA 32201062.5050.000.300.250.05
GermanyXETRA 31201064.5250.000.300.250.05
FrancePARIS 32201062.5050.000.300.250.05
BelgiumBRUSSELS 31201064.5250.000.300.250.05
PortugalLISBON 33211263.6457.140.290.290.00
USWARRANTS 2515560.0033.331.132.13-1.00
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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