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 96466.6766.6719.503.1716.33
South KoreaKOSDAQ 112067946560.8068.287.980.767.22
JordanASE 1910652.6360.007.801.106.70
ArgentinaBUE 42241657.1466.677.290.966.33
NorwayOSE 152935561.1859.146.951.405.55
IndiaBSE 1825118279364.7767.096.430.915.52
ChinaSZSE 20251472108572.6973.716.260.805.46
ChinaSSE 1402100273671.4773.456.060.695.37
Greece ATHENS 51372672.5570.275.780.435.35
KuwaitKSE 176135.2916.677.332.175.17
IndiaNSE 1582101870464.3569.165.730.635.10
MalaysiaBURSA 2391549264.4459.745.150.864.29
Hong KongHKEX 110866938960.3858.154.981.013.97
IndonesiaIDX 125764460.8057.894.590.893.70
TurkeyBIST 2271368259.9160.294.350.753.60
EgyptEGX 2221468165.7755.484.811.273.53
Saudi ArabiaTADAWUL 23915810266.1164.564.130.703.43
RussiaMICEX 1531016766.0166.343.910.603.31
SpainIBEX 134926468.6669.573.950.653.29
JapanNAGOYA 26171165.3864.713.650.593.06
South KoreaKRX 105966741963.0862.723.660.653.01
The World 42538284801826266.9964.083.730.772.97
BrazilBOVESPA 30919512263.1162.563.650.832.82
JapanTOKYO 40972708162666.1759.983.650.832.81
USNASDAQ 35742376153466.5664.483.680.872.80
PortugalLISBON 34201458.8270.003.100.452.65
USOTC PINK 117674339563.2753.094.421.782.63
QatarQE 1611668.7554.553.180.642.55
UAEUAE 26191273.0863.163.741.212.53
CanadaTSX-V 145691655263.1260.073.120.822.30
CanadaTSX 133987253265.2060.942.880.752.13
UKLSE 141294460166.8663.672.790.682.11
DenmarkCOPENHAGEN 104654262.5064.622.800.692.11
AustraliaASX 60538421063.4754.693.111.012.11
FrancePARIS 63045030671.4368.002.700.602.10
ItalyBORSA 91763139668.9262.662.840.752.09
GermanyXETRA 126993461473.6065.742.630.552.08
NetherlandsAMSTERDAM 21915810672.1567.092.610.562.06
SwedenSTOCKHOLM 41325213961.0255.163.201.192.01
OmanMSM 21150.00100.002.000.002.00
IsraelTASE 23916510269.0461.822.980.981.99
SingaporeSGX 122603649.1860.002.580.621.97
TaiwanGTSM 44525014156.1856.402.890.941.96
TaiwanTWSE 68142423562.2655.422.660.731.92
USNYSE 62144341280269.8664.552.540.671.87
MexicoBMV 141985969.5060.202.710.911.81
BelgiumBRUSSELS 84603771.4361.672.370.651.72
USAMEX 29518610463.0555.912.831.331.50
SwitzerlandSIX 42429817970.2860.071.830.501.33
Austria WIENERBORSE 42271664.2959.261.960.741.22
JapanFUKUOKA 31133.33100.001.000.001.00
USWARRANTS 118372.7337.501.880.881.00
TurkeyBIST 159660.0066.670.780.000.78
USPREFERRED 2261619671.2459.631.040.330.71
Austria WIENERBORSE 117463.6457.140.860.140.71
FOREXFOREX 189350.0033.330.670.440.22
USAMEX 1412685.7150.000.500.420.08
JapanSAPPORO 221100.0050.001.001.000.00
USOTCBB 31033.330.000.008.00-8.00
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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