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
KuwaitKSE 198442.1150.006.880.886.00
Greece ATHENS 41311975.6161.296.060.585.48
ArgentinaBUE 63412666.6761.905.500.624.88
CanadaCSE 82392247.5656.418.003.214.79
TurkeyBIST 1712870.5966.674.420.334.08
South KoreaKOSDAQ 133278045358.7157.934.991.233.76
TurkeyBIST 26716410461.4263.414.550.823.74
SpainIBEX 144905562.5061.114.440.883.57
PhilippinesPSE 94583161.7053.454.521.003.52
EgyptEGX 2321609168.9756.884.681.283.41
MexicoBMV 1851297469.7357.364.020.773.26
SwedenSTOCKHOLM 57837122164.1959.574.141.013.13
IndiaBSE 2288144482663.1157.204.241.213.03
ChileBCS 97577.7871.433.290.293.00
ThailandSET 27617910664.8659.223.760.772.99
NorwayOSE 1881226664.8954.104.581.642.94
IndiaNSE 1875119866063.8955.094.071.132.94
Saudi ArabiaTADAWUL 22616010270.8063.753.640.762.88
BrazilBOVESPA 32219011359.3259.163.600.772.83
PakistanKSE 33621210763.1050.474.131.472.67
QatarQE 27171162.9664.713.060.412.65
Hong KongHKEX 117269336559.2252.593.791.222.57
USNASDAQ 37912387138863.1857.953.671.132.54
USOTC PINK 146893943664.0346.385.162.722.44
Poland GPW 1771085561.5850.463.411.022.39
IndonesiaIDX 128744557.8160.813.340.952.39
Vietnam HNX 2918762.0738.894.782.392.39
JapanTOKYO 51143355187665.6055.923.261.032.23
CanadaTSX-V 181863348.0737.935.633.452.18
Vietnam HOSE 1721105863.9552.733.191.032.16
PakistanKSE 127558.3371.432.430.292.14
SingaporeSGX 114603952.6365.002.670.552.12
DenmarkCOPENHAGEN 105613558.1057.382.920.892.03
USAMEX 48331517465.2255.242.860.891.97
TaiwanTWSE 79550127663.0255.092.760.831.93
IsraelTASE 29219111365.4159.162.931.011.93
The World 49521328481834466.3855.812.941.021.92
ChinaSZSE 2452172194070.1954.623.131.321.81
TaiwanGTSM 48529315660.4153.242.710.921.80
IndonesiaIDX 129775.0077.781.890.111.78
BangladeshDSE 2401316754.5851.153.281.521.76
BrazilBOVESPA 1612975.0075.001.920.171.75
RussiaMICEX 2111256560.1951.182.861.151.71
South KoreaKRX 135580843159.6353.342.550.871.68
BangladeshDSE 117663.6485.711.710.141.57
JapanTOKYO 1713876.4761.541.690.151.54
Austria WIENERBORSE 61452373.7751.112.240.711.53
MalaysiaBURSA 2021115354.9547.753.051.511.53
NorwayOSE 1914773.6850.001.860.361.50
USNYSE 62324253239468.2656.282.350.861.48
BelgiumBRUSSELS 95643667.3756.252.000.531.47
CanadaTSX 141094250766.8153.822.280.891.39
PortugalLISBON 2716859.2650.001.940.561.38
ChinaSSE 1623112657169.3850.712.611.251.36
SwedenSTOCKHOLM 28171260.7170.591.530.181.35
AustraliaASX 78350325864.2451.292.701.391.31
TaiwanGTSM 108480.0050.001.750.501.25
ItalyBORSA 131796054272.8956.462.040.801.24
IsraelTASE 23141060.8771.431.360.141.21
UAEUAE 1610862.5080.001.200.001.20
FrancePARIS 94368038772.1156.911.830.661.16
ArgentinaBUE 1914973.6864.291.210.141.07
USWARRANTS 32166.6750.001.500.501.00
RussiaMICEX 2010650.0060.001.300.301.00
ThailandSET 27171462.9682.351.000.001.00
UKLSE 1948139073671.3652.951.950.960.99
IndiaNSE 2111852.3872.731.180.270.91
SwitzerlandSIX 55540523072.9756.791.520.620.90
FOREXFOREX 2919965.5247.371.210.320.89
GermanyXETRA 1766136177277.1256.681.620.740.88
MalaysiaBURSA 21171080.9558.821.120.290.82
Vietnam HOSE 145435.7180.001.000.200.80
MexicoBMV 29201368.9765.001.350.550.80
UKLSE 24141058.3371.431.070.360.71
NetherlandsAMSTERDAM 33324114672.3760.581.210.550.66
South KoreaKOSDAQ 22151368.1886.670.670.070.60
ChinaSSE 139569.2355.560.780.220.56
NetherlandsAMSTERDAM 24181175.0061.110.670.170.50
ItalyBORSA 24181175.0061.110.670.170.50
BelgiumBRUSSELS 24181175.0061.110.670.170.50
FrancePARIS 24181175.0061.110.670.170.50
GermanyXETRA 24181175.0061.110.670.170.50
Greece ATHENS 23171073.9158.820.650.180.47
Austria WIENERBORSE 2115971.4360.000.670.200.47
USPREFERRED 2391588666.1154.430.860.400.46
DenmarkCOPENHAGEN 1813772.2253.850.620.150.46
Hong KongHKEX 1611768.7563.640.820.360.45
USFOREX 21151071.4366.670.670.270.40
CanadaTSX 2315765.2246.670.870.470.40
SpainIBEX 24181075.0055.560.610.220.39
PortugalLISBON 2317973.9152.940.590.240.35
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
Poland GPW 2214863.6457.140.430.290.14
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 3216650.0037.500.691.63-0.94
JapanFUKUOKA 53260.0066.671.003.00-2.00
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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