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 74457.14100.0029.250.0029.25
South KoreaKOSDAQ 105964744461.1068.628.230.787.45
KuwaitKSE 165131.2520.008.801.807.00
JordanASE 199547.3755.567.891.226.67
NorwayOSE 136815059.5661.737.671.156.52
ArgentinaBUE 37211456.7666.678.191.716.48
ChinaSZSE 19301417105673.4274.526.560.795.77
ChinaSSE 131394670772.1274.666.290.695.60
IndiaBSE 1706112075165.6567.056.420.925.50
Greece ATHENS 48352572.9271.435.910.435.49
IndiaNSE 148796366064.7668.545.620.644.98
MalaysiaBURSA 2251468864.8960.275.270.854.42
CanadaTSX-V 107452242.0648.896.041.734.31
Hong KongHKEX 105464137260.8258.034.931.043.88
TurkeyBIST 2141287859.8160.944.380.793.59
IndonesiaIDX 121734160.3356.164.520.933.59
RussiaMICEX 142956666.9069.474.010.463.55
Saudi ArabiaTADAWUL 2181469366.9763.704.130.723.41
SpainIBEX 126865768.2566.283.840.703.14
South KoreaKRX 99462839463.1862.743.780.653.12
BrazilBOVESPA 29118812064.6063.833.860.823.04
The World 38910260531669066.9764.053.800.773.03
JapanNAGOYA 24171170.8364.713.590.593.00
UAEUAE 25181272.0066.674.001.003.00
EgyptEGX 2071347564.7355.974.141.282.86
JapanTOKYO 39342606156866.2460.173.690.842.85
USNASDAQ 33982251144566.3064.143.590.852.74
PortugalLISBON 33191357.5868.423.160.472.68
USOTC PINK 109069237363.4953.904.301.742.56
QatarQE 1611668.7554.553.180.642.55
GermanyXETRA 116584454972.4565.052.780.562.22
NetherlandsAMSTERDAM 2061469570.8765.072.770.572.20
AustraliaASX 56936219763.6254.423.211.022.18
MexicoBMV 130905569.2361.112.900.742.16
FrancePARIS 58140727670.0567.812.710.582.12
SwedenSTOCKHOLM 36623012462.8453.913.351.232.12
CanadaTSX 127383250365.3660.462.860.752.12
UKLSE 132888556566.6463.842.790.682.11
SingaporeSGX 120593549.1759.322.680.632.05
OmanMSM 21150.00100.002.000.002.00
TaiwanGTSM 41322912755.4555.462.940.951.99
IsraelTASE 2211519268.3360.932.981.021.96
ItalyBORSA 85758035767.7961.452.740.811.93
DenmarkCOPENHAGEN 98613962.2463.932.620.701.92
BelgiumBRUSSELS 78553470.5161.822.580.691.89
USNYSE 59044100262469.4464.002.550.671.88
TaiwanTWSE 63239822062.9755.282.560.741.82
USAMEX 28118110264.4156.352.941.361.58
SwitzerlandSIX 40027916469.7558.781.880.491.38
Austria WIENERBORSE 40261565.0057.691.960.771.19
JapanFUKUOKA 31133.33100.001.000.001.00
USWARRANTS 118372.7337.501.880.881.00
Austria WIENERBORSE 117463.6457.140.860.140.71
TurkeyBIST 138561.5462.500.630.000.63
USPREFERRED 2081478270.6755.780.920.350.57
FOREXFOREX 169356.2533.330.670.440.22
USAMEX 1310476.9240.000.600.500.10
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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