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
Greece ATHENS 45342175.5661.765.820.595.24
ArgentinaBUE 65412764.6264.295.760.625.14
ChileBCS 65483.3380.005.000.204.80
KuwaitKSE 199447.3744.446.111.564.56
CanadaCSE 89412346.0756.107.713.204.51
TurkeyBIST 1712870.5966.674.420.334.08
South KoreaKOSDAQ 137280447058.7558.315.081.213.86
TurkeyBIST 28316910559.7262.134.520.793.73
SingaporeSGX 114634255.2666.674.210.513.70
SpainIBEX 153976063.4061.864.390.843.56
PhilippinesPSE 98613262.2452.464.361.083.28
MexicoBMV 1961387870.4156.524.000.753.25
EgyptEGX 2471709868.8357.654.511.313.20
SwedenSTOCKHOLM 61039623364.9258.844.101.013.09
IndiaBSE 2384151186263.3857.054.291.203.08
IndiaNSE 1955124768563.7954.934.081.132.96
ThailandSET 28018110664.6458.563.720.782.94
Saudi ArabiaTADAWUL 24316710668.7263.473.560.752.80
BrazilBOVESPA 34220412159.9459.023.470.742.73
PakistanKSE 34722111363.6951.134.161.432.72
QatarQE 27171162.9664.713.060.412.65
NorwayOSE 1961266964.2954.764.241.612.63
USOTC PINK 152598446564.5947.215.212.632.58
USNASDAQ 39662515146563.6958.003.631.112.51
Hong KongHKEX 121571737559.0952.233.731.242.49
Vietnam HNX 3219859.3842.114.582.262.32
JapanTOKYO 53393489195765.3556.093.261.022.24
IndonesiaIDX 133754557.1459.213.140.922.22
Poland GPW 1821165864.2949.573.261.092.18
Vietnam HOSE 1791145863.6950.883.071.012.06
DenmarkCOPENHAGEN 109663760.5556.062.950.922.03
PakistanKSE 159660.0066.672.330.332.00
ChinaSZSE 2561179999070.2555.033.241.291.95
The World 51477342451911666.5855.782.951.011.94
TaiwanTWSE 81551628463.3155.042.770.831.93
USAMEX 50933419065.6256.892.710.891.83
IndonesiaIDX 129775.0077.781.890.111.78
RussiaMICEX 2141276660.2851.162.941.161.78
MalaysiaBURSA 2081165755.7749.143.221.471.75
IsraelTASE 30219911565.8957.792.841.111.73
South KoreaKRX 140885044560.3752.352.600.881.72
TaiwanGTSM 49530216061.0152.982.630.931.70
BangladeshDSE 2521397155.1651.083.171.501.67
BrazilBOVESPA 17131076.4776.921.770.151.62
BangladeshDSE 117663.6485.711.710.141.57
JapanTOKYO 1713876.4761.541.690.151.54
USNYSE 64964463254468.7256.992.380.841.54
NorwayOSE 1914773.6850.001.860.361.50
Austria WIENERBORSE 67472470.1551.062.170.701.47
BelgiumBRUSSELS 97653667.0155.382.030.571.46
CanadaTSX 1483100053567.4353.502.340.891.45
AustraliaASX 81251927164.0452.122.811.391.42
ChinaSSE 1680116759669.4651.072.611.221.39
PortugalLISBON 2716859.2650.001.940.561.38
SwedenSTOCKHOLM 29181262.0766.671.440.171.28
ArgentinaBUE 19151078.9566.671.400.131.27
TaiwanGTSM 108480.0050.001.750.501.25
ItalyBORSA 132997055172.9956.801.960.721.24
FrancePARIS 99171239671.8555.621.880.651.23
UAEUAE 1711864.7172.731.090.001.09
IsraelTASE 24151062.5066.671.270.201.07
RussiaMICEX 2110647.6260.001.300.301.00
ThailandSET 28171460.7182.351.000.001.00
FOREXFOREX 30201066.6750.001.250.300.95
UKLSE 2016145076171.9752.451.920.970.95
CanadaTSX-V 179923251.9634.414.523.580.94
SwitzerlandSIX 57141423372.5056.281.540.620.92
IndiaNSE 2211850.0072.731.180.270.91
GermanyXETRA 1822139576176.6254.511.640.740.90
MalaysiaBURSA 22171077.2758.821.120.290.82
MexicoBMV 31211467.7466.671.330.520.81
UKLSE 24141058.3371.431.070.360.71
Vietnam HOSE 166437.5066.670.830.170.67
Poland GPW 2215968.1860.000.930.270.67
NetherlandsAMSTERDAM 35725914972.5557.531.200.600.61
South KoreaKOSDAQ 25161364.0081.250.630.060.56
BelgiumBRUSSELS 24181175.0061.110.670.170.50
FrancePARIS 24181175.0061.110.670.170.50
GermanyXETRA 24181175.0061.110.670.170.50
NetherlandsAMSTERDAM 24181175.0061.110.670.170.50
ItalyBORSA 24181175.0061.110.670.170.50
Austria WIENERBORSE 2115971.4360.000.670.200.47
DenmarkCOPENHAGEN 1813772.2253.850.620.150.46
Greece ATHENS 24181175.0061.110.610.170.44
CanadaTSX 2515760.0046.670.870.470.40
ChinaSSE 1510566.6750.000.700.300.40
USPREFERRED 2461678767.8952.100.800.410.40
USFOREX 22161072.7362.500.630.250.38
Hong KongHKEX 1711764.7163.640.820.450.36
PortugalLISBON 2317973.9152.940.590.240.35
SpainIBEX 24181075.0055.560.560.220.33
AustraliaASX 2115771.4346.670.670.400.27
SingaporeSGX 179652.9466.670.440.220.22
PhilippinesPSE 2618869.2344.440.390.170.22
SwitzerlandSIX 119581.8255.560.440.220.22
ChileBCS 2217977.2752.940.290.240.06
JapanSAPPORO 221100.0050.001.001.000.00
JordanASE 133123.0833.332.332.330.00
JapanNAGOYA 2010550.0050.000.300.60-0.30
UAEUAE 3316648.4837.500.691.63-0.94
JapanFUKUOKA 53260.0066.671.003.00-2.00
USWARRANTS 32066.670.000.002.50-2.50
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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