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)
USWARRANTS 111100.00100.0053.000.0053.00
KuwaitKSE 111100.00100.0022.000.0022.00
USOTCBB 111100.00100.0021.000.0021.00
USAMEX 128766.6787.5013.130.0013.13
MalaysiaBURSA 21150.00100.0012.000.0012.00
SpainIBEX 42250.00100.008.500.008.50
TurkeyBIST 73242.8666.676.670.676.00
IndiaBSE 91512956.0456.866.240.805.43
TaiwanGTSM 95355.5660.005.200.205.00
ChinaSZSE 108765470.3771.055.841.144.70
IsraelTASE 98788.8987.504.380.004.38
USOTC PINK 3018760.0038.898.284.064.22
ChinaSSE 65493575.3871.435.431.334.10
Saudi ArabiaTADAWUL 87487.5057.144.570.713.86
SwedenSTOCKHOLM 138661.5475.003.880.133.75
Hong KongHKEX 2919965.5247.375.111.373.74
SwitzerlandSIX 109590.0055.563.780.113.67
South KoreaKOSDAQ 34241470.5958.334.541.133.42
AustraliaASX 138461.5450.005.001.633.38
IndiaNSE 79422753.1664.293.900.553.36
MexicoBMV 95555.56100.002.600.002.60
The World 1593107867167.6762.243.350.832.52
South KoreaKRX 20141270.0085.713.000.502.50
USNASDAQ 146976266.4463.923.330.842.49
CanadaTSX 33231569.7065.222.870.482.39
ItalyBORSA 31241277.4250.002.750.632.13
NorwayOSE 31133.33100.002.000.002.00
IndonesiaIDX 21150.00100.002.000.002.00
JapanFUKUOKA 111100.00100.002.000.002.00
USNYSE 26719812974.1665.152.270.581.69
BrazilBOVESPA 2212754.5558.332.420.751.67
JapanTOKYO 118814468.6454.322.490.911.58
TaiwanTWSE 118572.7362.501.880.381.50
USPREFERRED 1410771.4370.001.400.001.40
CanadaCSE 111100.00100.001.000.001.00
NetherlandsAMSTERDAM 129575.0055.561.220.330.89
BelgiumBRUSSELS 664100.0066.671.330.500.83
UKLSE 46311467.3945.161.771.390.39
GermanyXETRA 3723862.1634.781.170.830.35
TurkeyBIST 110100.000.000.000.000.00
UAEUAE 2000.000.000.000.000.00
QatarQE 2000.000.000.000.000.00
CanadaTSX-V 31133.33100.000.000.000.00
FrancePARIS 2416866.6750.000.750.81-0.06
FOREXFOREX 332100.0066.670.331.00-0.67
DenmarkCOPENHAGEN 110100.000.000.001.00-1.00
RussiaMICEX 148357.1437.500.632.13-1.50
Austria WIENERBORSE 31033.330.000.002.00-2.00
EgyptEGX 53160.0033.330.334.00-3.67
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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Government regulations require disclosure of the fact that while these methods may have worked in the past, past results are not necessarily indicative of future results. While there is a potential for profits there is also a risk of loss. There is substantial risk in security trading. Losses incurred in connection with trading stocks or futures contracts can be significant. You should therefore carefully consider whether such trading is suitable for you in the light of your financial condition since all speculative trading is inherently risky and should only be undertaken by individuals with adequate risk capital. Neither Americanbulls.com LLC, nor Candlesticker.com makes any claims whatsoever regarding past or future performance. All examples, charts, histories, tables, commentaries, or recommendations are for educational or informational purposes only.

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