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 53260.0066.676.671.005.67
ArgentinaBUE 89553261.8058.186.420.805.62
Greece ATHENS 79543868.3570.376.070.545.54
South KoreaKOSDAQ 2029120771359.4959.076.071.164.92
CanadaCSE 88392244.3256.417.903.214.69
JordanASE 3012640.0050.006.331.674.67
TurkeyBIST 1712870.5966.674.420.334.08
TurkeyBIST 44026216659.5563.364.810.784.03
IndiaBSE 35082234127463.6857.034.991.303.69
ChinaSZSE 41002898175370.6860.494.491.113.39
IndiaNSE 30051916108563.7656.634.411.093.32
SingaporeSGX 181976553.5967.013.860.553.31
PakistanKSE 47129515662.6352.884.541.333.21
EgyptEGX 40428215269.8053.904.591.413.17
ChinaSSE 27571927115469.8959.894.171.013.17
NorwayOSE 2591639162.9355.834.521.363.16
MalaysiaBURSA 37523211961.8751.294.321.223.10
Hong KongHKEX 1951115360159.1052.124.271.243.03
SpainIBEX 2431559763.7962.583.850.833.01
BrazilBOVESPA 53633720662.8761.133.670.862.82
ChileBCS 109690.0066.673.000.222.78
KuwaitKSE 3013543.3338.464.461.692.77
IndonesiaIDX 2221357460.8154.813.791.072.73
SwedenSTOCKHOLM 88057131464.8954.993.891.172.72
ThailandSET 51130617359.8856.543.400.882.52
Saudi ArabiaTADAWUL 40126316465.5962.363.090.752.35
Vietnam HOSE 2571488057.5954.053.451.112.33
USNASDAQ 61974031235565.1058.383.391.092.30
JapanTOKYO 81095329302365.7256.733.240.962.28
The World 77969517882963866.4457.213.150.952.20
DenmarkCOPENHAGEN 1761076360.8058.883.010.842.17
QatarQE 38261568.4257.692.730.582.15
JapanNAGOYA 38221457.8963.642.410.412.00
South KoreaKRX 2123132471462.3653.932.840.871.97
PortugalLISBON 51332064.7160.612.450.551.91
MexicoBMV 29320612070.3158.252.680.781.91
PakistanKSE 159660.0066.672.220.331.89
USOTC PINK 2267145469164.4547.304.082.251.83
TaiwanGTSM 78345123357.6051.662.811.061.75
Poland GPW 32819910560.6752.762.630.891.74
PhilippinesPSE 141754153.1954.672.630.931.69
TaiwanTWSE 128780941862.8651.672.540.851.69
RussiaMICEX 2771708961.3752.352.861.181.68
CanadaTSX 2257149581166.2454.252.480.811.68
BelgiumBRUSSELS 1521046268.4259.622.330.691.63
IsraelTASE 46331117367.1755.632.721.081.63
USNYSE 103497114415368.7458.382.360.741.62
BrazilBOVESPA 18131072.2276.921.770.151.62
BangladeshDSE 117663.6485.711.710.141.57
BangladeshDSE 40022911757.2551.092.961.421.54
NorwayOSE 1914773.6850.001.860.361.50
AustraliaASX 117274439263.6552.552.761.321.44
USAMEX 73948327965.3657.762.280.851.43
IndonesiaIDX 1310776.9270.001.700.301.40
FrancePARIS 139197856970.3158.182.070.681.39
CanadaTSX-V 203993748.7737.374.513.141.36
ItalyBORSA 1920136378170.9957.302.090.731.36
Austria WIENERBORSE 96633465.6353.972.130.791.33
UKLSE 28271974109869.8655.592.090.821.27
JapanTOKYO 2015875.0053.331.470.201.27
ArgentinaBUE 19151078.9566.671.400.131.27
GermanyXETRA 25611923109675.0956.991.930.671.26
SwedenSTOCKHOLM 31191261.2963.161.370.161.21
IsraelTASE 24151062.5066.671.270.201.07
NetherlandsAMSTERDAM 51637521872.6758.131.650.591.06
SwitzerlandSIX 84459433970.3857.071.590.551.04
ThailandSET 29181562.0783.331.000.001.00
FOREXFOREX 30201066.6750.001.250.300.95
UAEUAE 52311459.6245.162.521.610.90
TaiwanGTSM 119481.8244.441.560.670.89
UAEUAE 1812866.6766.671.000.170.83
MexicoBMV 31211467.7466.671.330.520.81
RussiaMICEX 2212754.5558.331.170.420.75
IndiaNSE 2312852.1766.671.080.330.75
Vietnam HNX 4223954.7639.133.262.520.74
UKLSE 24141058.3371.431.070.360.71
MalaysiaBURSA 23181078.2655.561.060.390.67
South KoreaKOSDAQ 26171465.3882.350.650.060.59
Poland GPW 2316969.5756.250.880.310.56
USPREFERRED 34423312067.7351.500.910.390.52
FrancePARIS 24181175.0061.110.670.170.50
GermanyXETRA 24181175.0061.110.670.170.50
BelgiumBRUSSELS 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
Vietnam HOSE 178547.0662.500.750.380.38
USFOREX 22161072.7362.500.630.250.38
PortugalLISBON 2317973.9152.940.590.240.35
SpainIBEX 24181075.0055.560.560.220.33
ChinaSSE 1611568.7545.450.640.360.27
CanadaTSX 2616761.5443.750.810.560.25
AustraliaASX 2316769.5743.750.630.380.25
PhilippinesPSE 2618869.2344.440.390.170.22
SingaporeSGX 179652.9466.670.440.220.22
SwitzerlandSIX 119581.8255.560.440.220.22
Hong KongHKEX 1812766.6758.330.750.580.17
ChileBCS 2217977.2752.940.290.240.06
JapanSAPPORO 221100.0050.001.001.000.00
USWARRANTS 32166.6750.001.502.00-0.50
JapanFUKUOKA 64366.6775.000.752.25-1.50
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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