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
TurkeyBIST 48131821566.1167.618.400.687.72
CanadaCSE 102502949.0258.0011.244.027.22
ArgentinaBUE 109704065.1456.346.891.255.63
Greece ATHENS 75472662.6755.326.721.345.38
OmanMSM 74371.4360.005.600.605.00
South KoreaKOSDAQ 2145131978361.4959.366.051.194.86
TaiwanGTSM 16151093.7566.674.870.404.47
EgyptEGX 42129416769.8356.805.781.314.47
SingaporeSGX 1981107255.5665.454.880.754.14
TurkeyBIST 1913968.4269.234.310.314.00
PhilippinesPSE 145854458.6251.765.001.143.86
IndiaBSE 35482246125663.3055.924.841.303.55
SpainIBEX 2501549861.6063.644.320.873.45
IndiaNSE 29481850106762.7957.644.521.083.45
RussiaMICEX 2818964.2950.004.060.613.44
SwedenSTOCKHOLM 99363436663.8557.734.631.223.41
CanadaTSX-V 2391175248.9544.446.663.323.34
Hong KongHKEX 1933118064561.1054.614.621.293.33
QatarQE 40251662.5064.003.720.403.32
Poland GPW 35121810862.1149.544.671.383.28
ChinaSZSE 44953166185370.4358.534.451.173.27
BrazilBOVESPA 56434420661.1759.714.231.043.19
PakistanKSE 48130615763.6251.314.601.413.19
IsraelTASE 57539423168.5258.634.010.953.05
MalaysiaBURSA 27221381.4859.093.320.323.00
USNASDAQ 62464078240565.3458.934.121.132.99
IndonesiaIDX 2411337655.1957.143.930.962.97
Saudi ArabiaTADAWUL 38726517368.4865.283.520.562.96
Vietnam HOSE 27916610359.5062.053.840.882.96
ChileBCS 2215868.1853.333.600.672.93
ChinaSSE 29622063117769.6557.054.041.122.92
MexicoBMV 33623413169.6455.983.740.872.88
ThailandSET 47529715962.5353.543.600.932.67
NorwayOSE 28618010062.9455.563.931.392.53
MalaysiaBURSA 37122011559.3052.273.821.332.50
JapanTOKYO 83305394305964.7756.703.491.022.47
The World 83578559103190766.9757.013.371.022.35
South KoreaKRX 2127136777664.3256.733.110.892.22
RussiaMICEX 31619910862.9754.273.190.992.19
Vietnam HNX 44271261.3644.444.192.002.19
Austria WIENERBORSE 74502767.5754.003.100.922.18
USOTC PINK 2476156575764.0547.734.632.642.00
DenmarkCOPENHAGEN 1871156761.5058.262.820.831.99
TaiwanTWSE 133385546564.1454.392.830.901.93
TaiwanGTSM 78747725560.6153.462.961.041.92
BelgiumBRUSSELS 144975767.3658.762.460.631.84
USNYSE 98796858397469.4457.932.570.861.71
CanadaTSX 2304151883165.8954.742.570.871.70
BangladeshDSE 35820410256.9850.003.191.511.68
AustraliaASX 135787647164.5553.773.061.391.67
FrancePARIS 1528107060770.0356.732.400.731.67
USAMEX 78252429967.0157.062.620.961.66
JapanNAGOYA 43281665.1257.142.430.821.61
BrazilBOVESPA 21151171.4373.331.730.201.53
PakistanKSE 21141066.6771.431.790.291.50
MexicoBMV 43302069.7766.671.930.431.50
KuwaitKSE 4219845.2442.113.582.161.42
IndonesiaIDX 1512880.0066.671.670.251.42
JapanTOKYO 22161072.7362.501.500.131.38
UKLSE 31512207119570.4553.832.290.931.35
ArgentinaBUE 22181281.8266.671.500.171.33
GermanyXETRA 28752107118573.3656.192.030.701.33
NetherlandsAMSTERDAM 59143525573.6058.621.910.661.25
SwedenSTOCKHOLM 36221561.1168.181.360.141.23
BangladeshDSE 16121075.0083.331.330.171.17
IsraelTASE 25151060.0066.671.270.201.07
NorwayOSE 2419879.1742.111.420.421.00
UAEUAE 25161164.0068.751.130.131.00
USPREFERRED 37725913368.7051.351.440.440.99
ItalyBORSA 2167154886971.8555.811.870.890.98
SwitzerlandSIX 88463534171.8353.701.700.720.98
ThailandSET 33201660.6180.000.950.000.95
FOREXFOREX 31211067.7447.621.190.290.90
PortugalLISBON 49321765.3153.131.720.910.81
South KoreaKOSDAQ 30191563.3378.950.890.110.79
JapanFUKUOKA 74357.1475.003.002.250.75
Vietnam HOSE 2314960.8764.291.070.360.71
Poland GPW 24171070.8358.820.940.290.65
UKLSE 28181164.2961.110.940.330.61
USFOREX 29201368.9765.000.800.200.60
IndiaNSE 2814950.0064.290.930.360.57
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
SingaporeSGX 24151062.5066.670.730.270.47
Austria WIENERBORSE 22161072.7362.500.630.190.44
Greece ATHENS 25191276.0063.160.580.160.42
ChinaSSE 2013765.0053.850.690.310.38
ChileBCS 29211272.4157.140.620.240.38
DenmarkCOPENHAGEN 23171173.9164.710.470.120.35
PortugalLISBON 24181075.0055.560.560.220.33
SpainIBEX 26191173.0857.890.530.210.32
AustraliaASX 2717862.9647.060.650.350.29
CanadaTSX 2819967.8647.370.790.530.26
USWARRANTS 84250.0050.001.251.000.25
PhilippinesPSE 3122970.9740.910.410.180.23
SwitzerlandSIX 119581.8255.560.440.220.22
Hong KongHKEX 2417970.8352.940.710.530.18
JapanSAPPORO 221100.0050.001.001.000.00
UAEUAE 55271149.0940.742.112.15-0.04
JordanASE 183016.670.000.002.33-2.33
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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