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 56231241.0752.1714.784.839.96
Greece ATHENS 47342272.3464.717.710.886.82
EgyptEGX 25118210872.5159.346.341.045.30
OmanMSM 75471.4380.005.800.605.20
South KoreaKOSDAQ 138982854859.6866.105.980.985.00
KuwaitKSE 208440.0050.007.002.005.00
NorwayOSE 2011338467.1662.225.761.074.68
IndiaBSE 24471555103863.5566.755.530.884.65
JapanFUKUOKA 65583.33100.004.400.004.40
ChinaSSE 1739123182770.7967.185.200.874.33
ArgentinaBUE 63402463.4960.005.100.784.33
ChinaSZSE 25691814125770.6169.295.180.894.29
IndiaNSE 2030127282862.6665.094.970.764.20
Vietnam HNX 39251364.1052.005.761.604.16
TurkeyBIST 1712870.5966.674.420.334.08
ChileBCS 53260.0066.674.330.334.00
PhilippinesPSE 92553159.7856.364.820.853.96
USAMEX 27316910161.9059.764.810.903.91
PakistanKSE 33620211260.1255.455.081.203.88
Hong KongHKEX 133779647359.5459.424.881.033.85
TurkeyBIST 28917711061.2562.154.430.633.80
Vietnam HOSE 1821037056.5967.964.240.663.58
BrazilBOVESPA 32919713559.8868.534.190.663.52
QatarQE 22151068.1866.673.670.203.47
SwedenSTOCKHOLM 59637123762.2563.884.320.883.44
CanadaTSX-V 175823646.8643.905.882.603.28
Saudi ArabiaTADAWUL 26717812166.6767.983.680.443.24
MexicoBMV 1981399070.2064.753.750.633.12
USNASDAQ 40212621170865.2665.094.020.913.11
RussiaMICEX 2071327963.7759.853.740.772.97
ThailandSET 35822112561.7356.563.740.862.89
USOTC PINK 158199452163.0052.315.042.202.84
IndonesiaIDX 142856259.8672.943.390.582.81
SpainIBEX 1691077463.3169.163.520.742.79
JapanTOKYO 53983504218064.9362.203.580.812.77
MalaysiaBURSA 2481518660.8956.953.931.192.74
DenmarkCOPENHAGEN 138835660.1467.473.340.652.69
The World 53068350892195866.1562.553.490.812.68
USWARRANTS 103230.0066.672.670.002.67
PakistanKSE 95355.5660.003.000.402.60
SingaporeSGX 138664347.8365.152.950.442.52
IsraelTASE 34922514364.4763.563.340.852.48
South KoreaKRX 145791756762.9461.833.140.712.43
IndonesiaIDX 97777.78100.002.430.002.43
TaiwanGTSM 52830317257.3956.773.210.872.34
TaiwanTWSE 82650929261.6257.372.940.752.19
PortugalLISBON 39241461.5458.332.460.382.08
Poland GPW 2111307462.5656.062.820.772.05
BrazilBOVESPA 1410771.4370.002.200.202.00
BangladeshDSE 2421427558.6852.823.191.201.99
SwedenSTOCKHOLM 20131165.0084.621.920.081.85
AustraliaASX 82652528863.5654.862.931.131.80
FrancePARIS 100169343269.2362.342.350.581.77
USNYSE 69074770299469.1062.732.430.681.75
JapanTOKYO 1412785.7158.331.830.171.67
CanadaTSX 1595104159465.3357.012.400.801.59
Austria WIENERBORSE 52351967.3154.292.140.571.57
BangladeshDSE 117663.6485.711.710.141.57
JapanNAGOYA 36231463.8960.872.350.781.57
ItalyBORSA 1453102460770.4759.282.300.771.53
UKLSE 2093141783967.7059.212.310.811.50
NorwayOSE 1914773.6850.001.860.361.50
BelgiumBRUSSELS 99694369.7062.322.040.551.49
GermanyXETRA 1828134580673.6359.881.930.651.28
UAEUAE 159760.0077.781.220.001.22
IndiaNSE 189850.0088.891.440.221.22
ThailandSET 23151365.2286.671.130.001.13
RussiaMICEX 178447.0650.001.500.381.13
NetherlandsAMSTERDAM 34824614670.6959.351.650.561.09
FOREXFOREX 2919965.5247.371.320.261.05
SwitzerlandSIX 62644025870.2958.641.600.561.03
MalaysiaBURSA 1714882.3557.141.210.290.93
Hong KongHKEX 138661.5475.001.000.130.88
ChinaSSE 117563.6471.431.000.140.86
IsraelTASE 23141060.8771.431.000.140.86
Vietnam HOSE 125441.6780.001.000.200.80
ArgentinaBUE 1713876.4761.540.920.150.77
UAEUAE 35211160.0052.382.241.480.76
UKLSE 2112857.1466.671.170.420.75
TaiwanGTSM 107370.0042.861.290.570.71
USPREFERRED 2511579662.5561.150.930.220.71
DenmarkCOPENHAGEN 1511673.3354.550.730.090.64
SingaporeSGX 135438.4680.000.800.200.60
MexicoBMV 1712770.5958.331.170.580.58
USFOREX 19131068.4276.920.770.230.54
South KoreaKOSDAQ 18131172.2284.620.540.080.46
CanadaTSX 1711664.7154.550.910.450.45
SwitzerlandSIX 107470.0057.140.570.140.43
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
PortugalLISBON 1712670.5950.000.420.250.17
Poland GPW 1812766.6758.330.420.250.17
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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