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 53360.00100.0029.330.0029.33
South KoreaKOSDAQ 102962143060.6468.918.490.777.72
ArgentinaBUE 35201357.1465.008.551.756.80
JordanASE 179552.9455.567.891.226.67
NorwayOSE 128774760.1661.047.131.126.01
Greece ATHENS 48352672.9274.296.310.405.91
ChinaSZSE 18971382102772.8574.316.560.815.74
ChinaSSE 129493169571.9574.656.340.715.63
IndiaBSE 1649108072165.4966.766.500.935.57
IndiaNSE 143992763564.4268.505.670.645.03
MalaysiaBURSA 2221448764.8660.425.340.854.49
CanadaTSX-V 106452242.4548.895.961.764.20
Hong KongHKEX 103162036160.1458.234.921.053.87
TurkeyBIST 2061227659.2262.304.630.763.87
RussiaMICEX 140946767.1471.284.150.413.73
Saudi ArabiaTADAWUL 2041378867.1664.234.290.763.53
IndonesiaIDX 118744162.7155.414.420.993.43
SpainIBEX 124855668.5565.883.890.713.19
South KoreaKRX 96261138563.5163.013.810.663.15
The World 37629251321608866.8363.983.820.783.05
BrazilBOVESPA 28518211763.8664.293.870.833.04
JapanNAGOYA 24171170.8364.713.590.593.00
UAEUAE 22161072.7362.504.061.132.94
QatarQE 1510666.6760.003.500.602.90
EgyptEGX 1921256965.1055.204.181.302.88
JapanTOKYO 37922501150365.9560.103.720.852.87
USNASDAQ 32342127135065.9263.323.620.882.74
PortugalLISBON 33191357.5868.423.160.472.68
KuwaitKSE 155133.3320.004.401.802.60
USOTC PINK 105166835963.5653.744.241.792.44
MexicoBMV 122865370.4961.633.010.762.26
GermanyXETRA 113081152971.7765.232.810.572.24
FrancePARIS 55939227170.1369.132.770.592.18
CanadaTSX 121979447765.3059.922.880.752.14
NetherlandsAMSTERDAM 1981399070.2064.752.710.602.11
AustraliaASX 54834518862.9654.493.081.042.04
SingaporeSGX 117573348.7257.892.680.652.04
OmanMSM 21150.00100.002.000.002.00
DenmarkCOPENHAGEN 94593762.7762.712.660.691.97
UKLSE 128185654066.8263.082.680.711.96
SwedenSTOCKHOLM 35222112062.7854.303.231.271.96
ItalyBORSA 82655834167.6861.002.780.821.96
TaiwanGTSM 40022312455.7555.612.910.961.96
IsraelTASE 2111448768.2560.422.991.061.94
USNYSE 57143953254469.2064.342.570.661.91
TaiwanTWSE 61738721262.7254.782.510.751.77
BelgiumBRUSSELS 74523170.2759.622.380.731.65
USAMEX 27718010064.9855.562.961.391.56
SwitzerlandSIX 38526615669.0958.651.940.521.42
Austria WIENERBORSE 34211361.7661.902.240.861.38
USWARRANTS 128366.6737.501.880.881.00
JapanFUKUOKA 31133.33100.001.000.001.00
Austria WIENERBORSE 97477.7857.140.860.140.71
TurkeyBIST 128566.6762.500.630.000.63
USPREFERRED 2111488070.1454.050.900.380.52
FOREXFOREX 159360.0033.330.670.440.22
USAMEX 1210483.3340.000.700.500.20
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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