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.
This is a three-candlestick pattern signaling a major bottom reversal. It is composed of a black candlestick followed by a short candlestick, which characteristically gaps down to form a Star. Then we have a third white candlestick whose closing is well into the first session’s black body. This is a meaningful bottom pattern.
Recognition Criteria
1. The market is characterized by a prevailing downtrend.
2. We see a black candlestick on the first day.
3. Then, we see a short candlestick on the second day that gaps in the direction of the downtrend.
4. A white candlestick is observed on the third day.
Pattern Requirements and Flexibility
The Bullish Morning Star starts with a black candlestick and it should continue with a short candlestick (white or black) that opens with a gap down. The white candlestick appearing on the third day should open at or higher than the lowest level of the body of the second candlestick, and it should close well into the black candlestick that appears at the beginning of the pattern. The extent of how high this candlestick must close is defined according to the other candlesticks belonging to the pattern. The third day’s closing must reach the midpoint between the first day’s opening and the second day’s lowest body level.
Trader’s Behavior
A downtrend is in progress and the black candlestick confirms the continuation of the downtrend. The appearance of the short candlestick that causes a gap indicates that bears are still pushing down the price. However, the tight price action on the second day between the open and the close shows indecision. The third day is a white body that moves into the first day’s black body. A significant trend has occurred.
Buy/Stop Loss Levels
The confirmation level is defined as the last close. 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.
Pattern Performance in Stock Exchanges since 1/1/2014
Stock Exchange
Per Trade
Total Net%(Descending)
CanadaCSE 107570.0071.4317.002.7114.29
OmanMSM 32266.67100.0010.000.0010.00
South KoreaKOSDAQ 115770348160.7668.427.930.777.16
JordanASE 2110747.6270.007.801.106.70
Greece ATHENS 55392870.9171.796.260.415.85
ArgentinaBUE 43271862.7966.676.590.965.63
IndiaBSE 1906123282264.6466.726.300.915.39
ChinaSZSE 21031528112272.6673.436.140.805.34
KuwaitKSE 197236.8428.577.141.865.29
NorwayOSE 159975761.0158.766.791.525.28
ChinaSSE 1457104776071.8672.595.960.695.27
IndiaNSE 1634105372064.4468.385.630.664.97
MalaysiaBURSA 2461619665.4559.635.220.894.33
Hong KongHKEX 115368739959.5858.084.981.013.97
TurkeyBIST 2321418660.7860.994.650.743.91
IndonesiaIDX 129804662.0257.504.500.983.53
EgyptEGX 2271518466.5255.634.731.233.50
SwedenSTOCKHOLM 15121180.0091.673.580.083.50
JapanNAGOYA 26171265.3870.593.880.473.41
Saudi ArabiaTADAWUL 24716310565.9964.424.040.693.36
SpainIBEX 140956767.8670.533.890.633.26
South KoreaKRX 109468843462.9862.993.690.663.03
BangladeshDSE 32266.67100.
The World 42812287371844367.1464.173.720.762.96
BrazilBOVESPA 31120012764.3163.503.680.812.87
USNASDAQ 36882446158166.3864.583.730.882.85
JapanTOKYO 42052791169166.3760.593.660.822.84
RussiaMICEX 1591076867.3063.553.610.782.83
CanadaTSX-V 128552742.9749.
PortugalLISBON 37221659.4672.733.140.412.73
USOTC PINK 121877341063.4653.044.381.782.61
JapanTOKYO 86475.0066.672.670.172.50
NorwayOSE 1611668.7554.552.820.362.45
QatarQE 1712770.5958.333.000.582.42
SingaporeSGX 124643851.6159.382.920.592.33
IndonesiaIDX 64466.67100.
UAEUAE 28211275.0057.143.381.142.24
FrancePARIS 66647732071.6267.092.750.582.18
IsraelTASE 25017110868.4063.163.120.952.17
UKLSE 148799864467.1864.462.800.652.15
AustraliaASX 62039021562.9055.
CanadaTSX 139789854264.2860.362.850.732.12
DenmarkCOPENHAGEN 108674362.0464.182.730.672.06
SwedenSTOCKHOLM 42325914361.2355.
ItalyBORSA 96867542069.7362.222.740.742.00
TaiwanTWSE 70543624461.8455.962.660.721.94
TaiwanGTSM 46126214956.8356.872.850.921.94
USAMEX 30018710562.3356.152.860.931.93
NetherlandsAMSTERDAM 23016811073.0465.482.470.541.93
GermanyXETRA 133698863273.9563.972.480.551.93
USNYSE 64674505290169.6664.402.530.661.86
MexicoBMV 1481036369.5961.172.650.871.78
ChinaSSE 95455.5680.001.800.201.60
BelgiumBRUSSELS 88623770.4559.682.290.691.60
MalaysiaBURSA 14149100.0064.291.710.211.50
FOREXFOREX 1611568.7545.451.730.271.45
BrazilBOVESPA 1612775.0058.331.750.331.42
ThailandSET 1510966.6790.001.400.001.40
DenmarkCOPENHAGEN 1310776.9270.001.500.101.40
PeruBVL 128666.6775.001.500.131.38
SwitzerlandSIX 44331518971.1160.001.810.471.33
USWARRANTS 107370.0042.862.140.861.29
UKLSE 137453.8557.141.860.571.29
MexicoBMV 75371.4360.001.600.401.20
Austria WIENERBORSE 43281665.1257.141.890.711.18
CanadaTSX 96466.6766.671.500.331.17
RussiaMICEX 157146.6714.291.710.571.14
UAEUAE 138761.5487.501.130.001.13
ArgentinaBUE 1310776.9270.
JapanFUKUOKA 31133.33100.
IsraelTASE 114436.36100.
South KoreaKOSDAQ 86575.0083.330.830.000.83
AustraliaASX 1512580.0041.671.250.420.83
IndiaNSE 135438.4680.001.200.400.80
SingaporeSGX 74357.1475.
NetherlandsAMSTERDAM 1612975.0075.000.830.080.75
FrancePARIS 1612975.0075.000.830.080.75
GermanyXETRA 1612975.0075.000.830.080.75
BelgiumBRUSSELS 1612975.0075.000.830.080.75
ItalyBORSA 1612975.0075.000.830.080.75
USPREFERRED 2331659970.8260.001.030.320.71
Austria WIENERBORSE 1410771.4370.000.800.100.70
Greece ATHENS 1612875.0066.670.750.080.67
PhilippinesPSE 138461.5450.000.750.130.63
TurkeyBIST 117463.6457.141.000.430.57
SpainIBEX 1612775.0058.330.670.170.50
Hong KongHKEX 74257.1450.000.750.250.50
Vietnam HOSE 82225.00100.000.500.000.50
PortugalLISBON 1612775.0058.330.670.170.50
Poland GPW 127458.3357.140.710.290.43
USFOREX 1411878.5772.730.640.270.36
TaiwanGTSM 1512580.0041.670.670.500.17
JapanSAPPORO 221100.0050.
PakistanKSE 31033.330.
ChileBCS 1210583.3350.000.300.300.00
SwitzerlandSIX 86275.0033.330.331.00-0.67
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
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