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 1/1/2016
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
OmanMSM 32166.6750.009.001.507.50
CanadaCSE 70372152.8656.7610.593.357.24
KuwaitKSE 157346.6742.867.431.006.43
ChileBCS 32266.67100.006.000.006.00
Greece ATHENS 38291876.3262.076.000.665.34
ArgentinaBUE 59372364.4160.535.450.634.82
PhilippinesPSE 76462560.5354.355.410.984.43
South KoreaKOSDAQ 117570041359.6658.925.271.174.10
TurkeyBIST 1712870.5966.674.420.334.08
SpainIBEX 128835164.8461.454.730.873.87
MexicoBMV 1571166773.8957.764.240.683.56
EgyptEGX 2141508570.0956.674.791.273.53
QatarQE 23141060.8771.433.640.293.36
TurkeyBIST 2501549661.6062.344.180.853.32
SwedenSTOCKHOLM 53233920463.7260.184.140.963.19
IndiaBSE 2081133577564.1558.054.321.153.17
ThailandSET 2531639864.4360.123.910.753.17
IndiaNSE 1749114463465.4155.424.171.113.06
Saudi ArabiaTADAWUL 2131489769.4865.543.840.803.04
IndonesiaIDX 111644257.6665.633.720.772.95
PakistanKSE 32120310563.2451.724.261.352.91
Vietnam HNX 3220962.5045.005.052.152.90
Hong KongHKEX 105963834660.2554.234.081.202.88
NorwayOSE 1721156266.8653.914.571.712.86
BrazilBOVESPA 29417510259.5258.293.590.782.82
USNASDAQ 32742109125264.4559.343.821.112.72
USOTC PINK 128583439564.9847.315.452.752.70
Vietnam HOSE 152955462.5056.843.490.932.57
Poland GPW 1651045463.6451.433.481.042.44
USAMEX 40226115264.9358.243.340.912.43
IndonesiaIDX 107770.00100.002.430.002.43
JapanTOKYO 45563005169765.9656.473.311.022.28
DenmarkCOPENHAGEN 95573460.0059.653.040.822.21
PakistanKSE 106460.0066.672.500.332.17
ChinaSZSE 2096150485671.7656.913.351.282.07
The World 43962294611666567.0456.553.051.012.05
TaiwanGTSM 44527014560.6753.702.840.891.96
SingaporeSGX 105563453.3360.712.390.461.93
IsraelTASE 27517710364.3658.192.961.111.85
BangladeshDSE 2121156154.2553.043.221.391.83
BrazilBOVESPA 1511873.3372.732.000.181.82
TaiwanTWSE 69943323761.9554.732.680.871.82
RussiaMICEX 1911156161.2652.142.901.091.81
South KoreaKRX 116870838160.6253.812.680.901.79
MalaysiaBURSA 179964953.6351.043.261.521.74
PortugalLISBON 2514856.0057.142.210.501.71
ChinaSSE 138698051670.7152.652.821.171.64
USNYSE 53453734213269.8657.102.440.851.59
BangladeshDSE 117663.6485.711.710.141.57
JapanTOKYO 1613881.2561.541.690.151.54
CanadaTSX-V 173833147.9837.355.183.651.53
NorwayOSE 1914773.6850.001.860.361.50
AustraliaASX 69343723163.0652.862.831.391.44
SwedenSTOCKHOLM 24161266.6775.001.630.191.44
Austria WIENERBORSE 48361975.0052.782.190.811.39
CanadaTSX 126284145366.6453.862.280.911.38
BelgiumBRUSSELS 85572967.0650.881.960.601.37
ItalyBORSA 119686749772.4957.322.110.771.34
TaiwanGTSM 108480.0050.001.750.501.25
FrancePARIS 85061234572.0056.371.930.681.25
UAEUAE 159760.0077.781.220.001.22
IsraelTASE 23141060.8771.431.360.141.21
ThailandSET 24151362.5086.671.130.001.13
UKLSE 1782126666571.0452.532.131.011.12
RussiaMICEX 199547.3755.561.440.331.11
ArgentinaBUE 1814977.7864.291.210.141.07
USWARRANTS 32166.6750.001.500.501.00
IndiaNSE 2010850.0080.001.300.301.00
SwitzerlandSIX 52038021973.0857.631.560.600.96
GermanyXETRA 1554119667276.9656.191.690.750.94
MalaysiaBURSA 1915978.9560.001.200.270.93
FOREXFOREX 2819967.8647.371.210.320.89
Hong KongHKEX 149764.2977.781.000.110.89
MexicoBMV 22151068.1866.671.270.470.80
Vietnam HOSE 135438.4680.001.000.200.80
ChinaSSE 128566.6762.500.880.130.75
UKLSE 2313956.5269.231.080.380.69
NetherlandsAMSTERDAM 29821412671.8158.881.220.570.66
USPREFERRED 2281498265.3555.030.870.300.56
USFOREX 19131068.4276.920.770.230.54
DenmarkCOPENHAGEN 1813772.2253.850.620.150.46
SingaporeSGX 157646.6785.710.570.140.43
South KoreaKOSDAQ 20141270.0085.710.500.070.43
CanadaTSX 2114766.6750.000.930.500.43
SwitzerlandSIX 119581.8255.560.560.220.33
ItalyBORSA 23171073.9158.820.470.180.29
NetherlandsAMSTERDAM 23171073.9158.820.470.180.29
GermanyXETRA 23171073.9158.820.470.180.29
FrancePARIS 23171073.9158.820.470.180.29
BelgiumBRUSSELS 23171073.9158.820.470.180.29
AustraliaASX 2115771.4346.670.670.400.27
Greece ATHENS 2216972.7356.250.440.190.25
PhilippinesPSE 2517868.0047.060.410.180.24
Austria WIENERBORSE 2014870.0057.140.430.210.21
Poland GPW 2014870.0057.140.430.290.14
SpainIBEX 2216872.7350.000.380.250.13
PortugalLISBON 2216872.7350.000.380.250.13
ChileBCS 2116876.1950.000.310.250.06
JordanASE 133123.0833.332.332.330.00
JapanSAPPORO 221100.0050.001.001.000.00
JapanNAGOYA 2010550.0050.000.300.60-0.30
UAEUAE 2614553.8535.710.791.71-0.93
JapanFUKUOKA 53260.0066.671.003.00-2.00
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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