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.
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.
Pattern Performance in Stock Exchanges since 1/1/2020
Stock Exchange 
Per Trade 
Total Net% Descending
OmanMSM 74371.4360.005.600.605.00
TurkeyBIST 24171170.8364.713.590.353.24
TaiwanGTSM 25241496.0058.333.080.332.75
MalaysiaBURSA 33241372.7354.173.040.382.67
RussiaMICEX 36241166.6745.833.080.632.46
FOREXFOREX 36231263.8952.
JapanTOKYO 24171170.8364.711.880.121.76
ArgentinaBUE 27221581.4868.181.680.141.55
PakistanKSE 22141063.6471.431.790.291.50
BrazilBOVESPA 27191270.3763.161.680.371.32
IndonesiaIDX 1913868.4261.541.540.231.31
SwedenSTOCKHOLM 52312359.6274.191.320.101.23
BangladeshDSE 19121063.1683.331.330.171.17
MexicoBMV 55402372.7357.501.530.481.05
Vietnam HOSE 31181158.0661.
IsraelTASE 30191263.3363.
NorwayOSE 37261370.2750.001.230.350.88
ThailandSET 49322265.3168.751.030.160.88
UAEUAE 36231663.8969.570.870.090.78
Hong KongHKEX 29211172.4152.381.240.480.76
South KoreaKOSDAQ 35221762.8677.270.820.140.68
UKLSE 35241368.5754.170.960.290.67
PhilippinesPSE 42271264.2944.440.700.150.56
IndiaNSE 36191152.7857.890.950.470.47
USFOREX 39281671.7957.140.610.140.46
CanadaTSX 37261370.2750.000.920.460.46
SingaporeSGX 37241464.8658.330.670.210.46
SwitzerlandSIX 1916984.2156.250.750.310.44
DenmarkCOPENHAGEN 27201374.0765.000.650.250.40
NetherlandsAMSTERDAM 31231474.1960.870.700.300.39
ItalyBORSA 31231474.1960.870.700.300.39
BelgiumBRUSSELS 31231474.1960.870.700.300.39
GermanyXETRA 31231474.1960.870.700.300.39
FrancePARIS 31231474.1960.870.700.300.39
Poland GPW 32221168.7550.000.770.410.36
Austria WIENERBORSE 28201271.4360.000.700.350.35
Greece ATHENS 31231474.1960.870.650.300.35
PortugalLISBON 30221273.3354.550.640.360.27
SpainIBEX 33241372.7354.170.580.330.25
AustraliaASX 37241064.8641.670.580.420.17
ChileBCS 35261374.2950.000.540.380.15
USAMEX 11902270.340.
PortugalLISBON 292165.525.
ChinaSSE 2416766.6743.750.560.440.13
The World 88961150089266.021.520.060.010.05
Hong KongHKEX 16941159.500.
IsraelTASE 7492268.220.390.020.000.02
NetherlandsAMSTERDAM 6572169.
PakistanKSE 3701160.810.440.010.000.01
IndiaBSE 33571161.840.
ChinaSSE 42951167.330.
BangladeshDSE 3351162.090.480.000.000.00
AustraliaASX 14762163.750.
JapanTOKYO 81454264.350.
IndiaNSE 27191162.300.
TurkeyBIST 5690065.910.
TaiwanGTSM 8330064.590.
TaiwanTWSE 14640063.590.
USWARRANTS 380060.530.
USPREFERRED 4200064.760.
USOTC PINK 20010063.670.
USNYSE 100540069.600.
USNASDAQ 75180066.
Vietnam HOSE 3130060.380.
Vietnam HNX 650066.
UKLSE 33750067.820.
RussiaMICEX 2740054.
SwedenSTOCKHOLM 9620064.970.
ThailandSET 4580058.950.
SingaporeSGX 1730059.540.
Poland GPW 4030062.530.
NorwayOSE 3020059.930.
ChileBCS 500060.
DenmarkCOPENHAGEN 1430055.940.
GermanyXETRA 35790065.940.
ChinaSZSE 56190068.840.
Greece ATHENS 760060.530.
FrancePARIS 14640065.
SpainIBEX 2160063.890.
SwitzerlandSIX 8220067.640.
CanadaCSE 1480059.460.
CanadaTSX-V 3520054.830.
BrazilBOVESPA 8830064.440.
ArgentinaBUE 2660070.300.
Austria WIENERBORSE 1920066.
BelgiumBRUSSELS 1470060.540.
UAEUAE 540057.410.
Saudi ArabiaTADAWUL 3770065.
QatarQE 540062.960.
MalaysiaBURSA 4060054.
MexicoBMV 3990065.
KuwaitKSE 680047.
PhilippinesPSE 1400057.
JapanSAPPORO 221100.0050.
JapanNAGOYA 240062.500.
JapanFUKUOKA 50060.
EgyptEGX 3520064.770.
JordanASE 140035.710.
South KoreaKRX 22330065.
IndonesiaIDX 3200047.810.
ItalyBORSA 24250068.580.
CanadaTSX 22071066.
South KoreaKOSDAQ 23571062.540.
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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