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 96466.6766.6719.501.6717.83
South KoreaKOSDAQ 110066945760.8268.318.090.797.29
KuwaitKSE 165131.2520.008.801.807.00
ArgentinaBUE 38221557.8968.187.911.056.86
JordanASE 1910652.6360.007.801.106.70
NorwayOSE 147915561.9060.447.141.335.81
ChinaSZSE 19821449107873.1174.406.450.785.67
Greece ATHENS 48352572.9271.435.910.435.49
IndiaBSE 1767114776764.9166.876.350.925.43
ChinaSSE 136497972571.7774.066.070.685.39
IndiaNSE 155199167863.8968.425.660.635.03
MalaysiaBURSA 2321498864.2259.065.100.874.23
Hong KongHKEX 108966038560.6158.334.961.023.94
IndonesiaIDX 122744260.6656.764.570.923.65
TurkeyBIST 2221348160.3660.454.400.803.60
CanadaTSX-V 111482243.2445.835.672.173.50
EgyptEGX 2141407765.4255.004.741.293.46
Saudi ArabiaTADAWUL 2301529566.0962.504.130.743.39
RussiaMICEX 149986665.7767.353.890.573.32
SpainIBEX 131895967.9466.293.880.673.20
South KoreaKRX 103265040862.9862.773.730.653.07
The World 40245267911710466.5963.833.760.773.00
JapanNAGOYA 26181269.2366.673.500.562.94
UAEUAE 25181272.0066.673.941.002.94
BrazilBOVESPA 30419412263.8262.893.770.852.93
JapanTOKYO 40162640158765.7460.113.680.832.85
USNASDAQ 34952300147265.8963.923.570.852.72
PortugalLISBON 33191357.5868.423.160.472.68
QatarQE 1611668.7554.553.180.642.55
USOTC PINK 113371238362.8453.794.211.732.48
GermanyXETRA 125087656070.0863.932.710.562.15
AustraliaASX 58537520464.1054.403.161.022.14
NetherlandsAMSTERDAM 2141509770.0964.672.690.582.11
FrancePARIS 61542728269.4366.042.690.612.08
UKLSE 137391558166.6463.502.770.682.08
MexicoBMV 136945869.1261.702.820.742.07
CanadaTSX 131784851164.4660.192.810.742.07
ItalyBORSA 89559536766.5961.582.830.772.06
SwedenSTOCKHOLM 39523813060.2554.623.291.242.05
SingaporeSGX 119583448.7458.622.670.642.03
OmanMSM 21150.00100.002.000.002.00
TaiwanGTSM 43024213556.2855.792.900.912.00
TaiwanTWSE 65140922762.8355.502.670.731.93
DenmarkCOPENHAGEN 103634061.1763.492.590.681.90
USNYSE 60854218269569.3263.892.530.681.85
IsraelTASE 2321589568.1060.132.871.031.84
BelgiumBRUSSELS 81573570.3761.402.440.671.77
USAMEX 28918710564.7156.152.921.321.60
SwitzerlandSIX 41728417168.1160.211.870.511.36
Austria WIENERBORSE 42271664.2959.261.960.741.22
JapanFUKUOKA 31133.33100.001.000.001.00
USWARRANTS 118372.7337.501.880.881.00
TurkeyBIST 149664.2966.670.780.000.78
Austria WIENERBORSE 117463.6457.140.860.140.71
USPREFERRED 2211579071.0457.320.940.340.61
FOREXFOREX 179352.9433.330.670.440.22
USAMEX 1311584.6245.450.550.450.09
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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