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 1/1/2015
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
CanadaCSE 55241243.6450.0014.174.889.29
Greece ATHENS 46332171.7463.647.790.856.94
EgyptEGX 23617310073.3157.806.541.105.45
OmanMSM 75471.4380.005.800.605.20
South KoreaKOSDAQ 136480653659.3166.256.020.965.07
KuwaitKSE 208440.0050.007.002.005.00
NorwayOSE 1971298266.5062.605.881.034.85
IndiaBSE 24001532103063.8367.235.570.884.69
ChinaSZSE 24631748123870.9770.825.330.844.49
ChinaSSE 1670120081471.8667.835.240.864.38
Vietnam HNX 37241364.8654.176.001.634.38
JapanFUKUOKA 43375.00100.004.330.004.33
ArgentinaBUE 63402463.4960.005.100.784.33
IndiaNSE 1987124882262.8165.874.990.764.23
TurkeyBIST 1712870.5966.674.420.334.08
PhilippinesPSE 89533059.5556.604.960.894.08
ChileBCS 53260.0066.674.330.334.00
PakistanKSE 33120011260.4256.005.151.213.94
USAMEX 2691649660.9758.544.810.933.88
Hong KongHKEX 132378846959.5659.524.901.033.87
TurkeyBIST 28517611061.7562.504.450.633.83
Vietnam HOSE 1791017056.4269.314.310.673.63
BrazilBOVESPA 32319413460.0669.074.230.663.57
SwedenSTOCKHOLM 58736523562.1864.384.380.863.52
CanadaTSX-V 169803647.3445.006.032.603.43
Saudi ArabiaTADAWUL 27018112267.0467.403.660.443.22
USNASDAQ 39012534165965.0365.394.070.913.16
MexicoBMV 1971399070.5664.753.750.633.12
RussiaMICEX 2031308064.0461.543.850.773.08
ThailandSET 35721912461.3456.623.760.822.94
USOTC PINK 153296150962.8652.865.102.202.91
IndonesiaIDX 138815958.7072.843.410.602.80
JapanTOKYO 52933439212964.9961.893.570.812.76
MalaysiaBURSA 2421518662.4056.953.931.192.74
SpainIBEX 1631057264.4268.573.480.752.72
The World 51858343392155066.2562.723.510.812.71
DenmarkCOPENHAGEN 137835660.5867.473.340.652.69
USWARRANTS 103230.0066.672.670.002.67
PakistanKSE 95355.5660.003.000.402.60
SingaporeSGX 135664348.8965.152.950.442.52
South KoreaKRX 142589955463.0961.623.190.712.48
IsraelTASE 34222113964.6262.903.330.872.47
IndonesiaIDX 97777.78100.002.430.002.43
TaiwanGTSM 52229716856.9056.573.240.882.36
TaiwanTWSE 80850128662.0057.092.900.752.15
QatarQE 2114966.6764.292.360.212.14
BangladeshDSE 2411417558.5153.193.331.192.14
PortugalLISBON 37241464.8658.332.460.382.08
Poland GPW 2091307563.1656.822.820.772.05
BrazilBOVESPA 1410771.4370.002.200.202.00
SwedenSTOCKHOLM 19131168.4284.621.920.081.85
FrancePARIS 97667842569.4762.682.390.591.81
USNYSE 67394633290268.7962.602.460.681.78
AustraliaASX 79450627763.7354.742.841.121.72
JapanTOKYO 1412785.7158.331.830.171.67
JapanNAGOYA 36231463.8960.872.430.781.65
CanadaTSX 1561102558665.7357.122.410.791.61
Austria WIENERBORSE 51351968.6354.292.140.571.57
BangladeshDSE 107670.0085.711.710.141.57
BelgiumBRUSSELS 98684369.3963.242.070.531.54
UKLSE 2039138482167.8859.322.310.781.53
ItalyBORSA 140799659270.7959.442.290.771.52
NorwayOSE 1914773.6850.001.860.361.50
GermanyXETRA 1774132179274.4659.951.980.651.33
UAEUAE 159760.0077.781.220.001.22
IndiaNSE 167643.7585.711.430.291.14
ThailandSET 22151368.1886.671.130.001.13
RussiaMICEX 178447.0650.001.500.381.13
NetherlandsAMSTERDAM 34224514671.6459.591.650.561.09
SwitzerlandSIX 61343125570.3159.161.630.571.06
FOREXFOREX 2819967.8647.371.320.261.05
MalaysiaBURSA 1714882.3557.141.210.290.93
Hong KongHKEX 138661.5475.001.000.130.88
ChinaSSE 117563.6471.431.000.140.86
Vietnam HOSE 125441.6780.001.000.200.80
IsraelTASE 2213959.0969.230.920.150.77
ArgentinaBUE 1713876.4761.540.920.150.77
UAEUAE 34211161.7652.382.241.480.76
UKLSE 2112857.1466.671.170.420.75
USPREFERRED 2441559663.5261.940.950.210.74
MexicoBMV 1511773.3363.641.270.550.73
DenmarkCOPENHAGEN 1410671.4360.000.800.100.70
SingaporeSGX 135438.4680.000.800.200.60
USFOREX 18131072.2276.920.770.230.54
TaiwanGTSM 86275.0033.331.170.670.50
South KoreaKOSDAQ 18131172.2284.620.540.080.46
CanadaTSX 1711664.7154.550.910.450.45
SwitzerlandSIX 97477.7857.140.570.140.43
ItalyBORSA 1813872.2261.540.540.150.38
NetherlandsAMSTERDAM 1813872.2261.540.540.150.38
GermanyXETRA 1813872.2261.540.540.150.38
FrancePARIS 1813872.2261.540.540.150.38
BelgiumBRUSSELS 1813872.2261.540.540.150.38
PhilippinesPSE 2114766.6750.000.500.140.36
Greece ATHENS 1712770.5958.330.500.170.33
Austria WIENERBORSE 1510666.6760.000.500.200.30
AustraliaASX 1713676.4746.150.620.380.23
Poland GPW 1812766.6758.330.420.250.17
PortugalLISBON 1712670.5950.000.420.250.17
SpainIBEX 1712670.5950.000.420.250.17
ChileBCS 2015775.0046.670.330.270.07
JordanASE 164225.0050.001.751.750.00
JapanSAPPORO 221100.0050.001.001.000.00
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

Disclaimers:

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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