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
Greece ATHENS 69472868.1259.577.511.286.23
OmanMSM 75471.4380.005.800.605.20
TurkeyBIST 39325616465.1464.065.360.754.61
South KoreaKOSDAQ 1882112966159.9958.555.771.314.45
SingaporeSGX 169916353.8569.234.930.524.42
ArgentinaBUE 87543062.0755.565.330.984.35
TurkeyBIST 1813972.2269.234.310.314.00
PhilippinesPSE 133784158.6552.564.971.063.91
CanadaCSE 93412244.0953.667.683.933.76
EgyptEGX 34924313169.6353.915.171.423.75
ChileBCS 107670.0085.713.860.143.71
IndiaBSE 31892001112662.7556.274.541.293.26
ChinaSZSE 36612561150269.9558.654.361.223.14
IndiaNSE 2623163391862.2656.224.241.113.13
SwedenSTOCKHOLM 82753129664.2155.744.311.203.11
NorwayOSE 2481609064.5256.254.411.383.04
Hong KongHKEX 1747104856259.9953.634.301.312.99
Vietnam HNX 40251262.5048.005.002.042.96
SpainIBEX 2181388663.3062.323.890.932.96
ChinaSSE 2456171396369.7556.224.141.202.93
PakistanKSE 42726613462.3050.384.301.492.82
QatarQE 33201160.6155.003.300.502.80
KuwaitKSE 2912541.3841.674.832.082.75
MexicoBMV 28820211170.1454.953.540.832.71
Saudi ArabiaTADAWUL 34923614967.6263.143.180.592.59
BrazilBOVESPA 46628016260.0957.863.480.992.49
ThailandSET 42426013561.3251.923.481.002.49
Vietnam HOSE 2371418359.4958.873.400.932.48
IsraelTASE 45830117365.7257.483.531.062.47
USNASDAQ 56223645210664.8557.763.641.182.46
Poland GPW 2801778863.2149.723.391.072.32
DenmarkCOPENHAGEN 1681036161.3159.223.130.832.30
CanadaTSX-V 209994147.3741.415.593.292.29
JapanTOKYO 73774770268664.6656.313.311.032.29
IndonesiaIDX 2051156756.1058.263.100.962.15
The World 71949478432692766.5256.263.131.042.09
MalaysiaBURSA 3221909759.0151.053.371.342.03
RussiaMICEX 2731709262.2754.123.161.211.96
PakistanKSE 169656.2566.672.220.331.89
South KoreaKRX 2007130371264.9254.642.710.901.81
USOTC PINK 2155136565063.9047.204.482.681.80
TaiwanGTSM 70341521859.0352.532.781.081.70
MexicoBMV 34241670.5966.672.130.461.67
BrazilBOVESPA 19141173.6878.571.790.141.64
BangladeshDSE 3441979857.2749.753.141.501.64
BangladeshDSE 117663.6485.711.710.141.57
TaiwanTWSE 117074038663.2552.162.561.001.56
IndonesiaIDX 1311884.6272.731.820.271.55
TaiwanGTSM 1211691.6754.552.090.551.55
USNYSE 92056376366069.2957.382.430.881.54
USAMEX 69446126266.4356.832.541.021.53
NorwayOSE 1914773.6850.001.860.361.50
CanadaTSX 2073137172466.1452.812.370.911.46
BelgiumBRUSSELS 133885066.1756.822.100.671.43
JapanTOKYO 2015975.0060.001.530.131.40
FrancePARIS 133594253170.5656.372.050.711.34
SwedenSTOCKHOLM 34211461.7666.671.430.141.29
ArgentinaBUE 19151078.9566.671.400.131.27
PortugalLISBON 44281463.6450.001.790.681.11
GermanyXETRA 2428181299374.6354.801.790.721.07
AustraliaASX 111571136863.8651.692.531.461.07
IsraelTASE 25151060.0066.671.270.201.07
JapanNAGOYA 39251364.1052.002.000.961.04
ItalyBORSA 1846133172772.1054.621.940.911.03
Austria WIENERBORSE 101713670.3050.701.930.901.03
ThailandSET 30191663.3384.211.000.001.00
JapanFUKUOKA 75471.4380.002.801.801.00
UKLSE 27291910100969.9952.831.940.950.99
FOREXFOREX 30201066.6750.001.250.300.95
South KoreaKOSDAQ 28181564.2983.330.940.060.89
NetherlandsAMSTERDAM 49936521073.1557.531.540.690.85
SwitzerlandSIX 80457431171.3954.181.540.690.85
UAEUAE 1912863.1666.671.000.170.83
SingaporeSGX 1910752.6370.001.000.200.80
MalaysiaBURSA 23191182.6157.891.160.370.79
Vietnam HOSE 1910652.6360.001.200.500.70
IndiaNSE 2513852.0061.541.000.380.62
USPREFERRED 30720710467.4350.241.040.430.60
Poland GPW 2316969.5756.250.880.310.56
RussiaMICEX 2313756.5253.851.080.540.54
UKLSE 27171062.9658.820.880.350.53
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
USFOREX 24161066.6762.500.630.250.38
PortugalLISBON 2317973.9152.940.590.240.35
ChileBCS 26201176.9255.000.600.250.35
CanadaTSX 2718966.6750.000.830.500.33
SpainIBEX 24181075.0055.560.560.220.33
AustraliaASX 2517868.0047.060.650.350.29
ChinaSSE 1711564.7145.450.640.360.27
SwitzerlandSIX 119581.8255.560.440.220.22
PhilippinesPSE 2719870.3742.110.370.210.16
JapanSAPPORO 221100.0050.001.001.000.00
Hong KongHKEX 2014770.0050.000.640.640.00
USWARRANTS 53160.0033.331.001.67-0.67
UAEUAE 4725853.1932.001.602.32-0.72
JordanASE 173017.650.000.002.33-2.33
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.

Candlesticker.com is an independent and free website and all the Services provided by Americanbulls.com LLC at Candlesticker.com are completely free of charge. Americanbulls.com LLC does not receive compensation by any direct or indirect means from the visitors and users of this website (or of any other bulls.com© family websites), and from the stocks, securities and other institutions or any underwriters or dealers associated with the broader national or international forex, commodity and stock markets.

You agree that Candlesticker.com and Americanbulls.com LLC its parent company, subsidiaries, affiliates, officers and employees shall not be liable for any direct, indirect, incidental, special or consequential damages.