BULLISH MORNING DOJI 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 DOJI STAR
Definition
This is a three candlestick pattern signaling a major bottom reversal. It is composed of a black candlestick followed by a Doji, which characteristically gaps down to form a Doji Star. Then, we have a third white candlestick whose closing is well into the first session’s black real body. This is a distinctive 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 Doji 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 Doji Star starts with a black candlestick and it should continue with a doji that causes a gap opening lower than the close of the first day. The third day of the pattern is a white candlestick, which has the same or higher opening price with the Doji, 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 already established, and the black candlestick confirms the continuation of the downtrend. The appearance of the Doji that causes a gap indicates that bears are still pushing down the price. However, this tight price action between the open and the close shows indecision as well. On the third day, the body of the candlestick is above the previous day, trying to cover some of the ground from the down day. A significant trend reversal 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)
KuwaitKSE 111100.00100.0022.000.0022.00
MalaysiaBURSA 41125.00100.0012.000.0012.00
USAMEX 16121075.0083.3311.420.4211.00
South KoreaKRX 25181572.0083.3310.720.5010.22
TurkeyBIST 52240.00100.0010.000.0010.00
Poland GPW 123325.00100.009.670.009.67
SpainIBEX 42250.00100.008.500.008.50
PakistanKSE 1613981.2569.238.380.467.92
TaiwanGTSM 105450.0080.005.400.205.20
IndiaBSE 100623762.0059.685.450.774.68
Hong KongHKEX 2112757.1458.336.331.754.58
IsraelTASE 98688.8975.004.380.004.38
Saudi ArabiaTADAWUL 76385.7150.005.170.834.33
IndiaNSE 88483254.5566.674.560.524.04
CanadaTSX 111100.00100.004.000.004.00
ChinaSZSE 113775168.1466.234.661.133.53
MexicoBMV 106660.00100.003.330.003.33
USOTC PINK 38261268.4246.156.693.383.31
SwedenSTOCKHOLM 128766.6787.503.380.133.25
ChinaSSE 71483567.6172.924.501.293.21
RussiaMICEX 41125.00100.003.000.003.00
BrazilBOVESPA 21150.00100.003.000.003.00
SwitzerlandSIX 10106100.0060.003.100.202.90
USNASDAQ 1591056866.0464.763.480.632.85
AustraliaASX 128466.6750.004.381.752.63
JapanTOKYO 222100.00100.002.500.002.50
BelgiumBRUSSELS 665100.0083.332.830.332.50
The World 1761117472266.6761.503.240.812.43
ItalyBORSA 27231185.1947.833.040.702.35
USWARRANTS 111100.00100.002.000.002.00
IndonesiaIDX 332100.0066.672.000.002.00
Hong KongHKEX 222100.00100.002.000.002.00
CanadaTSX 37211456.7666.672.140.142.00
NorwayOSE 31133.33100.002.000.002.00
JapanFUKUOKA 111100.00100.002.000.002.00
TaiwanTWSE 1410771.4370.002.200.301.90
BrazilBOVESPA 1910652.6360.002.400.601.80
JapanTOKYO 114814671.0556.792.700.931.78
USNYSE 25317810870.3660.672.280.671.61
South KoreaKOSDAQ 34231267.6552.172.651.261.39
UKLSE 222100.00100.001.000.001.00
CanadaCSE 111100.00100.001.000.001.00
BangladeshDSE 63250.0066.671.330.331.00
SwitzerlandSIX 111100.00100.001.000.001.00
NorwayOSE 111100.00100.001.000.001.00
MexicoBMV 111100.00100.001.000.001.00
UAEUAE 54380.0075.001.000.001.00
USPREFERRED 148457.1450.000.880.130.75
NetherlandsAMSTERDAM 1410571.4350.001.000.400.60
UKLSE 58412170.6951.221.540.980.56
IndonesiaIDX 32166.6750.001.000.500.50
GermanyXETRA 49311363.2741.941.190.870.32
FrancePARIS 2315865.2253.330.870.670.20
Vietnam HOSE 2000.000.000.000.000.00
TurkeyBIST 32166.6750.000.000.000.00
ThailandSET 1000.000.000.000.000.00
TaiwanGTSM 110100.000.000.000.000.00
SingaporeSGX 1000.000.000.000.000.00
SingaporeSGX 1000.000.000.000.000.00
ItalyBORSA 1000.000.000.000.000.00
South KoreaKOSDAQ 1000.000.000.000.000.00
QatarQE 1000.000.000.000.000.00
UAEUAE 1000.000.000.000.000.00
PortugalLISBON 1000.000.000.000.000.00
Poland GPW 31133.33100.000.000.000.00
SwedenSTOCKHOLM 220100.000.000.000.000.00
MalaysiaBURSA 111100.00100.000.000.000.00
PakistanKSE 1000.000.000.000.000.00
PhilippinesPSE 1000.000.000.000.000.00
NetherlandsAMSTERDAM 1000.000.000.000.000.00
CanadaTSX-V 4000.000.000.000.000.00
ChileBCS 110100.000.000.000.000.00
Austria WIENERBORSE 1000.000.000.000.000.00
AustraliaASX 21050.000.000.000.000.00
BelgiumBRUSSELS 1000.000.000.000.000.00
BangladeshDSE 1000.000.000.000.000.00
GermanyXETRA 1000.000.000.000.000.00
FrancePARIS 1000.000.000.000.000.00
Greece ATHENS 1000.000.000.000.000.00
SpainIBEX 1000.000.000.000.000.00
DenmarkCOPENHAGEN 220100.000.000.000.50-0.50
ThailandSET 331100.0033.330.000.67-0.67
FOREXFOREX 332100.0066.670.331.00-0.67
RussiaMICEX 1412585.7141.670.671.58-0.92
IndiaNSE 31033.330.000.001.00-1.00
Vietnam HNX 32166.6750.004.005.50-1.50
Austria WIENERBORSE 31033.330.000.002.00-2.00
EgyptEGX 53160.0033.330.335.33-5.00
Greece ATHENS 110100.000.000.005.00-5.00
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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