Pattern Detail

Bullish Doji Star

Two-candle bottom: a down candle, then a doji that gaps below it, hinting selling has stalled.

A real Bullish Doji Star on NQ daily bars, Dec 7, 2022. Price then followed through 3.1% over the next 5 bars. The bright candles are the pattern; the dimmed bars are surrounding context.
A real Bullish Doji Star on NQ daily bars, Dec 7, 2022. Price then followed through 3.1% over the next 5 bars. The bright candles are the pattern; the dimmed bars are surrounding context.

Shown only on the markets where this pattern occurs.

i

How to read this

Everything here is in R, the setup's own risk. 1R is the distance from the entry (the pattern's closing price) to where it would be proven wrong — its lowest low over the 2 bars that form it. So "offered 2R" means price ran twice that distance in your favor at some point before the stop. It does not assume you took profit there: a target is a strategy choice.

Room offered (≥ 1R)

26.7%

Too few to trust

Offered at least 1× its risk before the stop, vs 41.8% for a random long entry (-15.1 pts).

Move size vs normal

3.23×

Realized range over the next 20 bars vs a random bar. Precedes a bigger move.

Typical room (20-bar)

0.71R

Average run in favor (capped at 3R), vs 1.09R for a random long entry.

Summary

Offered ≥1R 26.7% of the time vs 41.8% for a random long entry. The 15.1-point gap is no bigger than the ±25.0-point margin of error you would get by chance from 15 occurrences. Not a reliable edge.

Room offered, this setup vs a random long entry

Only 15 occurrences. The breakdown below is shown in full, but a sample this small is anecdotal, a hint, not a measured edge. That is usually a limit of available history, not a flaw in the pattern. For a firmer read, try a lower timeframe or a more active instrument.

Outcome This setup Random entry Edge
Offered ≥ 1R 26.7% 41.8% -15.1
Offered ≥ 2R 20.0% 28.0% -8.0
Offered ≥ 3R 13.3% 19.9% -6.5
Stopped < 1R 73.3% 56.4% +16.9
Went sideways 0.0% 1.8% -1.8

15 occurrences · 355,242 random-entry controls · 20-bar horizon

A bullish doji star is an early warning of a bottom. A long down candle comes first, in line with the fall. The next candle is a doji that gaps below it, a bar that opens and closes at nearly the same price. The big down day showed sellers in charge. The doji that gaps lower but then goes nowhere shows their momentum stalling, a hint that the slide may be done.

Steve Nison covers the doji star in Japanese Candlestick Charting Techniques (1991) as the two-candle precursor that warns of a possible turn.

How to spot it

  • The market is falling into the pattern.
  • The first candle is a down (red) candle that fits the decline.
  • The second candle is a doji, opening and closing at nearly the same level.
  • That doji gaps below the first candle’s close.
  • The tighter the doji and the cleaner the gap, the clearer the stall.

The dashed box on the chart above marks the two candles on a real occurrence, with the decline before and the move after.

The psychology

The long down candle is the sellers at work, closing the bar near its lows with momentum behind them. The next session gaps lower still, which looks like the slide accelerating, exactly what a falling market wants to see. So far the sellers have every reason to feel in control.

Then the second bar goes nowhere. It opens and closes at almost the same price, so the push that created the gap simply stalls. Buyers met the early selling and held the line, and for a full session neither side gained ground. That stall does not yet hand control to the buyers, but it stops the sellers cold and plants the first doubt that the decline is running out of supply. A tight doji on a clean gap makes that hesitation harder to ignore.

A hint of hesitation is not the same as a turn, and the numbers below weigh how often it amounts to one.

Does it actually work?

A pattern is a setup, not a trade, so the honest question is not “did it win” but “how much room did it tend to offer before it was proven wrong.” The tabs below answer that across five futures markets (Nasdaq, S&P 500, gold, crude oil, natural gas) and seven timeframes from one minute to one day.

For each occurrence we measure the room the move offered in units of the pattern’s own risk, then set it against what a random entry on the same market would have done. When the pattern offers more room more often than chance, that shows up as a real edge. When it does not, the page says so plainly.

Read it with the sample size in view. On the faster timeframes a pattern can fire thousands of times, enough to trust. On the daily chart it is far rarer, so treat those numbers as a hint rather than a verdict. Thin samples are flagged for you on the page.

How we measured it

  • Entry is the close of the final candle of the pattern.
  • One unit of risk, 1R, is the distance from that close down to the pattern’s invalidation point: the lowest low of the two candles that form it. If price trades through there, the setup is wrong.
  • We then follow the next 20 bars and record how far price ran in your favor, in multiples of that risk, before the stop was hit.
  • Every figure is set against a random entry on the same market and timeframe, so the market’s own drift is accounted for.
  • No profit target and no position sizing. Where you take profit is a strategy choice; this measures only the room the pattern tends to give.

What this page does not cover

  • Volume on the pattern’s candles.
  • Whether the pattern forms at a meaningful support level.
  • Pairing it with a trend filter or a confirming signal.
  • A profit target or position sizing. We use the pattern’s own invalidation point as the stop to define risk, but where you take profit, and how much you put on, are strategy decisions this page leaves to you.

Sample Bullish Doji Star Firings (16)

Based on data through Apr 29, 2026

Time Risk (pts) Room offered Result
Nov 3, 2022, 8:30 AM CDT 37 0.19R Stopped
Jan 24, 2022, 8:30 AM CST 46.5 1.43R Ran ≥1R
Jun 11, 2020, 8:30 AM CDT 19.25 0.00R Stopped
Feb 28, 2020, 2:05 PM CST 20 3.00R Ran ≥1R
May 9, 2019, 8:30 AM CDT 14.5 0.00R Stopped
Jul 11, 2017, 8:30 AM CDT 5.75 0.00R Stopped
Sep 22, 2011, 11:15 AM CDT 4 0.00R Stopped
Mar 24, 2009, 11:05 AM CDT Open
Mar 6, 2009, 2:00 PM CST 1.5 0.00R Stopped
Dec 29, 2008, 11:45 AM CST 0.5 2.50R Ran ≥1R
Dec 5, 2008, 9:00 AM CST 1.75 0.00R Stopped
Dec 4, 2008, 12:15 PM CST 2 0.00R Stopped
Nov 18, 2008, 11:55 AM CST 1.75 0.00R Stopped
Oct 9, 2008, 1:35 PM CDT 2.25 3.00R Ran ≥1R
Oct 6, 2008, 8:30 AM CDT 10.75 0.58R Stopped
Apr 17, 2008, 1:00 PM CDT 1 0.00R Stopped

Sample backtest

Real backtested runs of this pattern, with commissions and slippage. Open one for the full equity curve and metrics, or backtest it yourself on your own contract and dates.

Backtest this pattern

Run it on your contracts, timeframes, and dates.