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 1511973.3381.8211.270.4510.82
SpainIBEX 42250.00100.008.500.008.50
IndiaBSE 105603557.1458.336.200.755.45
TaiwanGTSM 105350.0060.005.200.205.00
IsraelTASE 98788.8987.504.380.004.38
TurkeyBIST 74257.1450.005.000.754.25
ChinaSSE 71513771.8372.555.411.274.14
CanadaTSX 111100.00100.004.000.004.00
IndiaNSE 95503352.6366.004.500.543.96
ChinaSZSE 122835468.0365.065.121.193.93
Saudi ArabiaTADAWUL 87487.5057.144.570.713.86
Hong KongHKEX 30201066.6750.005.051.303.75
SwedenSTOCKHOLM 148657.1475.003.880.253.63
USOTC PINK 3522962.8640.916.953.503.45
SwitzerlandSIX 1110690.9160.003.500.103.40
USNASDAQ 1641097566.4668.813.750.743.01
BrazilBOVESPA 21150.00100.003.000.003.00
RussiaMICEX 41125.00100.003.000.003.00
South KoreaKOSDAQ 40281570.0053.574.181.292.89
South KoreaKRX 24181575.0083.333.170.502.67
MexicoBMV 95555.56100.002.600.002.60
JapanTOKYO 222100.00100.002.500.002.50
The World 1808121976467.4262.673.240.802.44
CanadaTSX 41271765.8562.962.630.442.19
ItalyBORSA 31241277.4250.002.750.632.13
AustraliaASX 139469.2344.443.891.782.11
TaiwanTWSE 129675.0066.672.330.332.00
NorwayOSE 31133.33100.002.000.002.00
Hong KongHKEX 222100.00100.002.000.002.00
IndonesiaIDX 21150.00100.002.000.002.00
IndonesiaIDX 332100.0066.672.000.002.00
JapanFUKUOKA 111100.00100.002.000.002.00
USNYSE 29821814573.1566.512.330.551.78
BrazilBOVESPA 2212754.5558.332.420.751.67
JapanTOKYO 124854668.5554.122.580.951.62
USPREFERRED 1511873.3372.731.360.001.36
MexicoBMV 111100.00100.001.000.001.00
UAEUAE 54380.0075.001.000.001.00
NorwayOSE 111100.00100.001.000.001.00
UKLSE 222100.00100.001.000.001.00
SwitzerlandSIX 111100.00100.001.000.001.00
CanadaCSE 111100.00100.001.000.001.00
BelgiumBRUSSELS 664100.0066.671.330.500.83
GermanyXETRA 45301366.6743.331.600.770.83
NetherlandsAMSTERDAM 1310576.9250.001.100.400.70
UKLSE 54361866.6750.001.781.250.53
FrancePARIS 26181069.2355.560.940.720.22
QatarQE 2000.000.000.000.000.00
UAEUAE 2000.000.000.000.000.00
Poland GPW 21150.00100.000.000.000.00
PakistanKSE 1000.000.000.000.000.00
PhilippinesPSE 1000.000.000.000.000.00
MalaysiaBURSA 111100.00100.000.000.000.00
SingaporeSGX 1000.000.000.000.000.00
SingaporeSGX 1000.000.000.000.000.00
SwedenSTOCKHOLM 220100.000.000.000.000.00
TaiwanGTSM 110100.000.000.000.000.00
TurkeyBIST 221100.0050.000.000.000.00
ChileBCS 110100.000.000.000.000.00
BangladeshDSE 1000.000.000.000.000.00
AustraliaASX 21050.000.000.000.000.00
CanadaTSX-V 3000.000.000.000.000.00
South KoreaKOSDAQ 1000.000.000.000.000.00
FOREXFOREX 332100.0066.670.331.00-0.67
ThailandSET 220100.000.000.001.00-1.00
IndiaNSE 31033.330.000.001.00-1.00
DenmarkCOPENHAGEN 110100.000.000.001.00-1.00
RussiaMICEX 1610462.5040.000.601.80-1.20
Austria WIENERBORSE 31033.330.000.002.00-2.00
EgyptEGX 74157.1425.000.254.25-4.00
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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