BULLISH MORNING 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 MORNING STAR
Definition
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.
Title
Pattern Performance in Stock Exchanges since 1/1/2014
Country
Stock Exchange
Website
Patterns
Total
Confirmed
Total
Profitable
Signals
Confirmation
%
Profitable
Signal%
Per Trade
Samples
Profit%
Loss%
Total Net%(Descending)
CanadaCSE 117363.6442.8614.434.2910.14
PhilippinesPSE 61302050.8264.528.970.658.32
JordanASE 209745.0077.789.001.227.78
Greece ATHENS 48372777.0872.977.490.417.08
OmanMSM 43375.00100.007.000.007.00
South KoreaKOSDAQ 106966244262.0266.676.700.825.87
ChinaSSE 131293768571.4273.116.110.705.41
IndiaBSE 1813114277762.9968.046.210.845.37
PakistanKSE 26116510163.2261.216.231.045.19
KuwaitKSE 156240.0033.338.333.175.17
ChinaSZSE 19381381100171.2672.485.980.835.15
IndiaNSE 150695964763.6867.475.520.664.87
ArgentinaBUE 43251658.1464.005.520.724.80
Vietnam HOSE 141815657.4569.145.220.674.56
Hong KongHKEX 110365338059.2058.195.290.964.32
IndonesiaIDX 117754764.1062.675.200.894.31
Vietnam HNX 32181056.2555.566.061.784.28
TurkeyBIST 1971277264.4756.694.940.794.16
EgyptEGX 2061437769.4253.855.241.194.06
NorwayOSE 1521015966.4558.424.981.393.59
SwedenSTOCKHOLM 15121180.0091.673.580.083.50
MalaysiaBURSA 2171398364.0659.714.340.913.43
ThailandSET 32220212162.7359.904.180.763.43
SpainIBEX 125865968.8068.603.840.583.26
Saudi ArabiaTADAWUL 2281468964.0460.963.930.743.19
BangladeshDSE 1741005457.4754.003.970.843.13
BrazilBOVESPA 26416410062.1260.984.040.943.10
Poland GPW 1961196960.7157.983.810.763.04
JapanTOKYO 38632525154965.3661.353.780.802.98
USNASDAQ 34542286146966.1864.263.820.862.96
The World 41373276341759566.8163.663.700.772.93
USOTC PINK 109870738864.3954.884.731.802.92
SingaporeSGX 120664155.0062.123.390.502.89
South KoreaKRX 110571145264.3463.573.460.642.82
BangladeshDSE 43375.00100.002.670.002.67
JapanTOKYO 86475.0066.672.670.172.50
IsraelTASE 24317011269.9665.883.320.942.39
CanadaTSX-V 121542344.6342.594.912.572.33
RussiaMICEX 148976165.5462.893.230.972.26
IndonesiaIDX 75571.43100.002.200.002.20
ChileBCS 552100.0040.002.800.602.20
USAMEX 2871829663.4152.753.191.032.16
UKLSE 140894659467.1962.792.870.712.16
TaiwanTWSE 65140523362.3757.392.780.662.13
JapanNAGOYA 2416966.6756.253.061.002.06
SwedenSTOCKHOLM 39623813560.1056.723.331.282.05
CanadaTSX 135286251563.7659.742.780.752.03
AustraliaASX 61538821563.0955.413.041.042.00
MexicoBMV 139966169.0663.542.780.821.96
FrancePARIS 62042727968.8765.342.510.591.93
DenmarkCOPENHAGEN 105654261.9064.622.680.781.89
NorwayOSE 1914773.6850.002.210.361.86
PortugalLISBON 30191363.3368.422.210.371.84
USNYSE 60184218266670.1163.192.500.691.81
ItalyBORSA 92863837568.7558.782.620.861.76
GermanyXETRA 116886455674.0664.282.310.561.75
QatarQE 1510466.6740.002.300.601.70
UAEUAE 29211272.4157.142.711.051.67
TaiwanGTSM 42524413357.4154.512.621.001.62
ChinaSSE 95455.5680.001.800.201.60
FOREXFOREX 1712670.5950.001.830.251.58
BelgiumBRUSSELS 77543170.1357.412.260.701.56
MalaysiaBURSA 14149100.0064.291.710.211.50
ThailandSET 1510966.6790.001.400.001.40
DenmarkCOPENHAGEN 1310776.9270.001.500.101.40
NetherlandsAMSTERDAM 2231669874.4459.042.050.661.39
PeruBVL 138661.5475.001.500.131.38
BrazilBOVESPA 1812666.6750.001.750.421.33
UAEUAE 149864.2988.891.330.001.33
UKLSE 137453.8557.141.860.571.29
SwitzerlandSIX 42629918070.1960.201.700.491.21
MexicoBMV 75371.4360.001.600.401.20
CanadaTSX 96466.6766.671.500.331.17
USWARRANTS 117363.6442.862.000.861.14
IsraelTASE 136646.15100.001.000.001.00
South KoreaKOSDAQ 1310976.9290.001.000.001.00
JapanFUKUOKA 21150.00100.001.000.001.00
ArgentinaBUE 1310776.9270.001.100.101.00
RussiaMICEX 168250.0025.001.500.501.00
PakistanKSE 42150.0050.001.000.001.00
Austria WIENERBORSE 42301671.4353.331.570.630.93
USPREFERRED 2091489970.8166.891.140.300.84
AustraliaASX 1612575.0041.671.250.420.83
IndiaNSE 135438.4680.001.200.400.80
SingaporeSGX 74357.1475.001.000.250.75
FrancePARIS 1612975.0075.000.830.080.75
GermanyXETRA 1612975.0075.000.830.080.75
BelgiumBRUSSELS 1612975.0075.000.830.080.75
NetherlandsAMSTERDAM 1612975.0075.000.830.080.75
ItalyBORSA 1612975.0075.000.830.080.75
Austria WIENERBORSE 1410771.4370.000.800.100.70
Greece ATHENS 1612875.0066.670.750.080.67
PhilippinesPSE 138461.5450.000.750.130.63
USFOREX 1512980.0075.000.830.250.58
TurkeyBIST 117463.6457.141.000.430.57
SpainIBEX 1612775.0058.330.670.170.50
Vietnam HOSE 82225.00100.000.500.000.50
PortugalLISBON 1612775.0058.330.670.170.50
Poland GPW 127458.3357.140.710.290.43
Hong KongHKEX 85362.5060.000.600.200.40
TaiwanGTSM 1512580.0041.670.670.500.17
JapanSAPPORO 221100.0050.001.001.000.00
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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