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 1/1/2017
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
Greece ATHENS 75492965.3359.187.391.226.16
TurkeyBIST 43028418466.0564.796.450.735.73
ChileBCS 129775.0077.785.780.335.44
OmanMSM 75471.4380.005.800.605.20
South KoreaKOSDAQ 1977120071060.8559.026.001.224.78
SingaporeSGX 1831037056.2867.965.130.544.58
ArgentinaBUE 95603363.1655.005.781.274.52
CanadaCSE 95422344.2154.768.074.024.05
TurkeyBIST 1913968.4269.234.310.314.00
EgyptEGX 37326114369.9754.795.341.383.96
PhilippinesPSE 138804157.9751.254.851.113.74
IndiaBSE 32742056116762.8056.764.821.283.54
SwedenSTOCKHOLM 87455932263.9657.604.691.183.50
IndiaNSE 2697167695762.1457.104.421.093.32
Vietnam HOSE 2561559560.5561.294.120.873.25
NorwayOSE 2641709664.3956.474.611.373.24
CanadaTSX-V 2171044547.9343.276.273.093.18
ChinaSZSE 40792892169870.9058.714.331.173.16
Vietnam HNX 43271262.7944.445.071.933.15
Hong KongHKEX 1829110860260.5854.334.331.283.05
IndonesiaIDX 2191257457.0859.203.960.943.02
ChinaSSE 26691867106669.9557.104.121.152.97
IsraelTASE 49833219366.6758.133.981.022.95
BrazilBOVESPA 48729617560.7859.123.971.022.95
QatarQE 35221362.8659.093.360.452.91
ThailandSET 44427614962.1653.993.700.922.78
PakistanKSE 43827514062.7950.914.231.452.78
USNASDAQ 58423792220664.9158.183.901.162.74
MexicoBMV 30621711870.9254.383.650.962.69
SpainIBEX 2291398560.7061.153.600.922.68
Poland GPW 2931859563.1451.353.661.012.65
Saudi ArabiaTADAWUL 36024515468.0662.863.230.612.62
JapanTOKYO 77785045286764.8656.833.481.032.46
DenmarkCOPENHAGEN 1691046161.5458.653.150.802.36
The World 74544498232824666.8656.673.281.032.26
RussiaMICEX 28718710265.1654.553.241.052.19
MalaysiaBURSA 33119710259.5251.783.501.342.16
South KoreaKRX 2104136576064.8855.682.960.882.07
PakistanKSE 1811861.1172.732.270.272.00
TaiwanGTSM 73943923559.4053.532.931.051.88
USOTC PINK 2158137165864.2347.474.442.631.81
TaiwanTWSE 122277941663.7553.402.690.961.73
CanadaTSX 2138141776366.2853.852.520.881.64
BangladeshDSE 3431969757.1449.493.141.511.63
USNYSE 93056475373769.5957.712.490.871.61
Austria WIENERBORSE 114804070.1850.002.530.911.61
MexicoBMV 40281970.0067.862.040.431.61
KuwaitKSE 3717745.9541.183.882.291.59
BangladeshDSE 117663.6485.711.710.141.57
TaiwanGTSM 1211691.6754.552.090.551.55
IndonesiaIDX 1311884.6272.731.820.271.55
FrancePARIS 1411100156170.9456.042.270.731.54
BrazilBOVESPA 20151175.0073.331.730.201.53
JapanNAGOYA 41261463.4153.852.380.881.50
USAMEX 71547526966.4356.632.521.021.50
ArgentinaBUE 20161180.0068.751.560.131.44
BelgiumBRUSSELS 137925367.1557.612.080.651.42
JapanTOKYO 21161076.1962.501.500.131.38
AustraliaASX 118075639764.0752.512.751.451.30
SwedenSTOCKHOLM 35221562.8668.181.360.141.23
GermanyXETRA 25881928107174.5055.551.930.711.23
UKLSE 28602026109370.8453.952.160.941.23
NorwayOSE 2116776.1943.751.630.441.19
NetherlandsAMSTERDAM 54240323474.3558.061.850.671.18
IsraelTASE 25151060.0066.671.270.201.07
ThailandSET 30191663.3384.211.000.001.00
USWARRANTS 42150.0050.001.500.501.00
UAEUAE 2013965.0069.231.150.151.00
USPREFERRED 32121711267.6051.611.350.360.99
ItalyBORSA 1957141778572.4155.401.920.940.98
SwitzerlandSIX 83160432672.6853.971.600.690.91
FOREXFOREX 31211067.7447.621.190.290.90
South KoreaKOSDAQ 29181562.0783.330.940.060.89
PortugalLISBON 46301565.2250.001.770.970.80
MalaysiaBURSA 23191182.6157.891.160.370.79
JapanFUKUOKA 64366.6775.003.002.250.75
Vietnam HOSE 1910652.6360.001.200.500.70
IndiaNSE 2613850.0061.541.000.380.62
UKLSE 28181164.2961.110.940.330.61
SingaporeSGX 2112857.1466.670.830.250.58
Poland GPW 2316969.5756.250.880.310.56
USFOREX 25171168.0064.710.760.240.53
FrancePARIS 25191276.0063.160.630.160.47
GermanyXETRA 25191276.0063.160.630.160.47
BelgiumBRUSSELS 25191276.0063.160.630.160.47
NetherlandsAMSTERDAM 25191276.0063.160.630.160.47
ItalyBORSA 25191276.0063.160.630.160.47
Austria WIENERBORSE 22161072.7362.500.630.190.44
Greece ATHENS 25191276.0063.160.580.160.42
DenmarkCOPENHAGEN 21161076.1962.500.500.130.38
RussiaMICEX 2414758.3350.001.000.640.36
ChileBCS 26201176.9255.000.600.250.35
PortugalLISBON 24181075.0055.560.560.220.33
SpainIBEX 26191173.0857.890.530.210.32
AustraliaASX 2517868.0047.060.650.350.29
ChinaSSE 1711564.7145.450.640.360.27
CanadaTSX 2819967.8647.370.790.530.26
SwitzerlandSIX 119581.8255.560.440.220.22
PhilippinesPSE 2719870.3742.110.370.210.16
JapanSAPPORO 221100.0050.001.001.000.00
Hong KongHKEX 2014770.0050.000.640.640.00
UAEUAE 51261050.9838.462.082.23-0.15
JordanASE 162012.500.000.001.00-1.00
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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