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 1/1/2021
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
ArgentinaBUE 120965780.0059.383.330.283.05
TurkeyBIST 149976365.1064.952.010.201.81
OmanMSM 151693647.0250.702.651.061.59
ChileBCS 1441046872.2265.381.510.231.28
BrazilBOVESPA 1571299182.1770.541.510.251.26
USOTCBB 194121.0525.008.257.001.25
RussiaMICEX 1811317272.3854.961.560.421.15
AustraliaASX 1621126969.1461.611.310.191.13
JapanTOKYO 1381006172.4661.001.300.241.06
PakistanKSE 134905167.1656.671.370.321.04
IndiaNSE 121845069.4259.521.170.141.02
FOREXFOREX 22518111080.4460.771.290.271.02
MexicoBMV 1941428073.2056.341.240.221.02
UAEUAE 2401728971.6751.741.020.210.81
BangladeshDSE 1421165781.6949.140.950.160.78
Greece ATHENS 87543062.0755.561.000.260.74
Poland GPW 2391668869.4653.010.950.210.73
Vietnam HOSE 2101458169.0555.860.900.180.72
SwedenSTOCKHOLM 26019410374.6253.090.940.230.71
IndonesiaIDX 1501096272.6756.880.960.280.69
NorwayOSE 36126414973.1356.440.890.240.65
SwitzerlandSIX 123934075.6143.010.840.240.60
DenmarkCOPENHAGEN 1451136377.9355.750.760.170.59
MalaysiaBURSA 1331015875.9457.430.840.260.58
ThailandSET 2071467370.5350.000.750.180.58
PortugalLISBON 85563165.8855.360.890.320.57
CanadaTSX 2011277663.1859.840.770.240.53
South KoreaKOSDAQ 1371075878.1054.210.740.210.52
The World 490174246911370360.434.630.570.050.52
SpainIBEX 90603566.6758.330.770.250.52
PhilippinesPSE 1971427872.0854.930.680.180.50
ChinaSSE 1611085467.0850.000.700.200.50
Austria WIENERBORSE 81512862.9654.900.730.270.45
SingaporeSGX 1571095269.4347.710.640.220.42
IsraelTASE 2021467972.2854.110.640.230.40
FrancePARIS 86563065.1253.570.660.270.39
GermanyXETRA 85563065.8853.570.660.270.39
ItalyBORSA 86563065.1253.570.660.270.39
TaiwanGTSM 1521204978.9540.830.580.270.32
USFOREX 2671817967.7943.650.480.230.25
NetherlandsAMSTERDAM 88592967.0549.150.560.320.24
BelgiumBRUSSELS 88592967.0549.150.560.320.24
PortugalLISBON 2306366.521.960.110.000.11
ChileBCS 4472254.590.820.080.000.08
KuwaitKSE 6336460.191.050.070.010.06
JapanFUKUOKA 602165.002.560.040.010.03
IsraelTASE 61279757.420.200.020.000.02
PakistanKSE 33973257.760.100.020.000.02
USWARRANTS 6202152.580.310.030.020.01
Austria WIENERBORSE 10184361.200.480.010.000.01
South KoreaKOSDAQ 132485257.240.030.010.000.00
FrancePARIS 71466461.150.090.000.000.00
TurkeyBIST 28124357.470.190.000.000.00
DenmarkCOPENHAGEN 10663266.140.280.010.010.00
Hong KongHKEX 126478556.390.070.000.000.00
ItalyBORSA 116824263.470.030.000.000.00
IndiaNSE 178733253.210.020.000.000.00
Poland GPW 30721160.810.050.000.000.00
USNYSE 401619663.550.020.000.000.00
NetherlandsAMSTERDAM 29639366.720.150.000.000.00
UKLSE 215041162.300.010.000.000.00
CanadaTSX 132296461.260.050.000.000.00
AustraliaASX 87055360.680.060.000.000.00
ChinaSSE 248625358.320.020.000.000.00
ThailandSET 53756353.990.100.000.000.00
IndiaBSE 335474354.600.020.000.000.00
South KoreaKRX 111426257.200.030.000.000.00
Vietnam HNX 6520053.990.000.000.000.00
NorwayOSE 22650063.710.000.000.000.00
RussiaMICEX 14100063.550.000.000.000.00
USOTC PINK 179750062.400.000.000.000.00
USNASDAQ 344260062.890.000.000.000.00
USAMEX 62560065.070.000.000.000.00
TaiwanTWSE 78910059.030.000.000.000.00
SpainIBEX 13340061.770.000.000.000.00
GermanyXETRA 180930063.960.000.000.000.00
Greece ATHENS 6730061.960.000.000.000.00
SwitzerlandSIX 49200063.660.000.000.000.00
ChinaSZSE 285530058.320.000.000.000.00
ArgentinaBUE 9790062.510.000.000.000.00
BelgiumBRUSSELS 8210060.540.000.000.000.00
BrazilBOVESPA 57870063.020.000.000.000.00
CanadaTSX-V 25920056.370.000.000.000.00
JordanASE 2090044.020.000.000.000.00
Saudi ArabiaTADAWUL 20250061.480.000.000.000.00
MalaysiaBURSA 38050058.000.000.000.000.00
MexicoBMV 24060061.800.000.000.000.00
IndonesiaIDX 27560050.510.000.000.000.00
JapanTOKYO 366502062.690.000.000.000.00
TaiwanGTSM 62445156.970.030.000.000.00
SwedenSTOCKHOLM 60661062.450.000.000.000.00
EgyptEGX 15321052.280.000.000.000.00
USPREFERRED 23827262.300.130.000.000.00
Vietnam HOSE 23246351.510.250.000.010.00
CanadaCSE 8511054.410.000.000.01-0.01
UAEUAE 4634158.530.370.010.01-0.01
QatarQE 4643059.700.000.000.01-0.01
SingaporeSGX 13871054.720.000.000.01-0.01
BangladeshDSE 335710056.540.000.000.02-0.02
JapanNAGOYA 2485164.110.630.010.04-0.03
PhilippinesPSE 12108159.670.140.000.04-0.04
Hong KongHKEX 1901327469.4756.060.870.95-0.08
UKLSE 1761187867.0566.100.911.02-0.11
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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