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
TurkeyBIST 1966108656255.2451.754.841.013.83
ArgentinaBUE 57634518259.9052.755.331.703.63
ChinaSSE 120797516413062.2254.954.481.003.47
ChinaSZSE 1695110151558159.8854.984.431.143.29
South KoreaKOSDAQ 89805297286259.0453.984.361.093.27
IndiaNSE 174259824510056.4251.874.451.223.23
USOTC PINK 153439688417863.7642.716.082.963.12
IndiaBSE 2817116100775957.1548.194.721.653.07
PakistanKSE 3522201497957.1848.614.451.472.97
JapanFUKUOKA 53372069.8154.053.320.412.92
ArgentinaBUE 80603575.0058.332.880.302.58
USNASDAQ 2475416042852764.8553.123.761.202.56
SpainIBEX 121877141163.3053.313.470.952.51
IndonesiaIDX 170295147655.8850.053.561.082.48
Poland GPW 2631152577357.9650.693.641.212.42
RussiaMICEX 152297948964.3249.953.481.122.36
Vietnam HOSE 1900105352455.4249.763.591.242.35
Greece ATHENS 45226213857.9652.673.791.452.34
IsraelTASE 3383187998355.6052.263.381.072.31
BrazilBOVESPA 2086129068661.8453.183.200.952.25
USAMEX 36912343115463.4849.253.411.202.22
NorwayOSE 119070333759.0847.943.431.232.20
JapanNAGOYA 2631648762.3653.052.900.712.19
TurkeyBIST 93543958.0672.222.240.092.15
ThailandSET 3979220597855.4244.353.241.092.14
JapanTOKYO 33029199911067460.5353.393.060.972.10
Hong KongHKEX 129887331331956.4445.273.691.602.09
SwedenSTOCKHOLM 46242906145462.8550.033.411.322.08
EgyptEGX 2473134762354.4746.253.461.412.05
BangladeshDSE 2696163472660.6144.433.131.122.01
PhilippinesPSE 115369331460.1045.313.011.111.90
South KoreaKRX 91525367277358.6451.672.720.841.87
MexicoBMV 69523575.3667.311.830.171.65
RussiaMICEX 87613270.1152.462.020.411.61
Saudi ArabiaTADAWUL 2009113556456.5049.692.400.841.56
UAEUAE 42925210058.7439.683.021.501.52
AustraliaASX 74503767.5774.001.580.061.52
QatarQE 40525711263.4643.582.360.841.52
TaiwanTWSE 70533927191355.6848.712.310.801.50
DenmarkCOPENHAGEN 90158628165.0447.952.430.931.50
UKLSE 153739523493961.9651.852.350.851.50
FrancePARIS 65084021210261.7952.282.270.771.49
BelgiumBRUSSELS 85854027862.9451.482.210.721.49
AustraliaASX 55713394167261.0549.162.841.401.45
USNYSE 32486210541140764.8154.182.220.781.45
OmanMSM 2401125046.6744.642.521.101.42
MexicoBMV 1560100451164.3650.902.340.921.42
TaiwanGTSM 55893095142555.3846.042.471.061.41
CanadaTSX 116387133359861.2950.442.250.901.35
BrazilBOVESPA 69533876.8171.701.530.191.34
GermanyXETRA 95066230329365.5452.862.070.771.30
Austria WIENERBORSE 44729915666.8952.172.100.821.28
USOTCBB 194121.0525.008.257.001.25
MalaysiaBURSA 4068223794154.9942.072.671.451.23
Vietnam HNX 64233513452.1840.003.342.131.21
PortugalLISBON 2951777560.0042.372.691.531.16
ItalyBORSA 77854952251163.6150.712.030.871.16
NetherlandsAMSTERDAM 1859122467065.8454.741.650.531.12
ChileBCS 51392076.4751.281.790.691.10
NorwayOSE 91694775.8268.121.230.161.07
SwitzerlandSIX 36202370127465.4753.761.580.571.01
JordanASE 3682018054.6239.802.821.840.98
KuwaitKSE 56834013959.8640.882.691.730.96
UKLSE 74503667.5772.001.140.200.94
IndiaNSE 72502969.4458.001.080.160.92
UAEUAE 113703661.9551.431.030.210.81
Vietnam HOSE 111754367.5757.330.960.170.79
MalaysiaBURSA 61432770.4962.791.000.230.77
Poland GPW 98694270.4160.870.910.160.75
IndonesiaIDX 77633781.8258.730.980.240.75
ChileBCS 74573477.0359.650.860.230.63
CanadaCSE 3572268366.1135.174.804.190.61
South KoreaKOSDAQ 71573580.2861.400.770.180.60
ChinaSSE 81543366.6761.110.760.170.59
SingaporeSGX 186498537552.8438.071.881.300.58
Hong KongHKEX 95694172.6359.420.750.200.55
PhilippinesPSE 105733569.5247.950.710.180.53
TaiwanGTSM 64482275.0045.830.750.230.52
CanadaTSX 84543464.2962.960.720.220.50
IsraelTASE 99673967.6858.210.750.250.49
JapanTOKYO 67533279.1060.380.660.170.49
CanadaTSX-V 159597436161.1337.033.953.480.47
SwitzerlandSIX 63452371.4351.110.600.130.47
SwedenSTOCKHOLM 91723679.1250.000.630.190.43
ThailandSET 123884071.5445.450.580.160.42
DenmarkCOPENHAGEN 70533075.7156.600.580.170.42
Greece ATHENS 41251560.9860.000.560.160.40
SingaporeSGX 79633079.7547.620.650.250.40
BangladeshDSE 51402078.4350.000.600.230.38
USPREFERRED 2183148970768.2147.480.730.360.37
USFOREX 145904462.0748.890.500.180.32
FOREXFOREX 119945378.9956.380.570.270.31
SpainIBEX 40271667.5059.260.480.190.30
Austria WIENERBORSE 36231363.8956.520.350.170.17
NetherlandsAMSTERDAM 37251367.5752.000.320.200.12
ItalyBORSA 38251365.7952.000.320.200.12
GermanyXETRA 37251367.5752.000.320.200.12
FrancePARIS 38251365.7952.000.320.200.12
BelgiumBRUSSELS 37251367.5752.000.320.200.12
PortugalLISBON 39261566.6757.690.310.230.08
PakistanKSE 610073.770.000.000.000.00
USWARRANTS 3119861.2942.112.002.32-0.32
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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