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 1/1/2015
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
CanadaCSE 3014646.6742.8615.365.439.93
Greece ATHENS 43301969.7763.338.330.907.43
NorwayOSE 1741187667.8264.416.951.255.69
EgyptEGX 2001488874.0059.466.681.015.68
KuwaitKSE 177341.1842.867.712.295.43
South KoreaKOSDAQ 116872048561.7367.276.280.965.32
OmanMSM 65483.3380.005.800.605.20
IndiaBSE 1992127187763.8169.005.950.775.18
ChinaSSE 132495167071.8370.455.840.825.02
JapanFUKUOKA 222100.00100.005.000.005.00
ChinaSZSE 1948137197570.3871.125.730.874.86
IndiaNSE 1620102068462.9667.065.230.724.51
ArgentinaBUE 48291560.4251.725.340.974.38
Vietnam HNX 38241363.1654.176.001.634.38
ChileBCS 53260.0066.674.330.334.00
Hong KongHKEX 110866640060.0260.154.941.023.92
Vietnam HOSE 153886057.5268.184.590.683.91
PakistanKSE 29817810059.7356.185.111.263.85
PhilippinesPSE 70432261.4351.164.911.073.84
TurkeyBIST 2191438565.3059.444.300.663.64
RussiaMICEX 1721147266.2863.164.260.733.54
SwedenSTOCKHOLM 49430919462.5562.784.390.933.46
Saudi ArabiaTADAWUL 24216911669.8368.643.780.453.33
CanadaTSX-V 143653045.4546.155.692.553.14
BrazilBOVESPA 27517311462.9165.903.830.723.11
USNASDAQ 33752214146065.6065.943.970.913.06
ThailandSET 32220111462.4256.723.830.793.04
IndonesiaIDX 65583.33100.003.000.003.00
JapanTOKYO 43142826177365.5162.743.750.772.97
BangladeshDSE 1901186562.1155.083.800.832.97
MalaysiaBURSA 2161367762.9656.624.071.142.93
IndonesiaIDX 107624757.9475.813.520.602.92
SpainIBEX 146986867.1269.393.590.722.87
MexicoBMV 1681147069.0560.343.600.752.85
USOTC PINK 123180243665.1554.364.922.112.82
The World 44023293931860366.7863.283.590.792.80
DenmarkCOPENHAGEN 117725061.5469.443.360.682.68
South KoreaKRX 122078549364.3462.803.290.672.62
TaiwanGTSM 43524713956.7856.283.250.842.40
SingaporeSGX 123583747.1563.792.810.452.36
IsraelTASE 29419011764.9761.263.230.872.36
PakistanKSE 73242.8666.672.330.002.33
USAMEX 38925215764.7862.303.020.752.27
Poland GPW 1911206762.8355.832.990.802.19
SwedenSTOCKHOLM 1410971.4390.002.200.102.10
TaiwanTWSE 65941223362.5256.552.850.772.08
BrazilBOVESPA 139669.2366.672.220.222.00
PortugalLISBON 33221366.6759.092.320.361.95
QatarQE 1811761.1163.642.180.271.91
FrancePARIS 84060137771.5562.732.440.581.86
USNYSE 58624048256069.0563.242.530.681.85
CanadaTSX 138790252265.1057.812.640.791.84
JapanTOKYO 1211691.6754.552.000.181.82
BangladeshDSE 65483.3380.002.000.201.80
UAEUAE 28171060.7158.822.761.061.71
UKLSE 1744117571567.3760.852.420.721.69
JordanASE 133223.0866.672.330.671.67
JapanNAGOYA 30201166.6755.002.601.001.60
AustraliaASX 68743823963.7654.572.751.181.58
TurkeyBIST 149564.2955.562.000.441.56
USWARRANTS 92122.2250.001.500.001.50
NorwayOSE 1914773.6850.001.860.361.50
BelgiumBRUSSELS 85573667.0663.161.910.531.39
UAEUAE 138661.5475.001.380.001.38
ItalyBORSA 119285450071.6458.552.170.831.34
Vietnam HOSE 83337.50100.001.330.001.33
GermanyXETRA 1506113668475.4360.211.940.631.31
RussiaMICEX 157346.6742.861.710.431.29
ThailandSET 17111064.7190.911.270.001.27
FOREXFOREX 2516864.0050.001.500.251.25
SwitzerlandSIX 52837022870.2761.461.670.511.16
MexicoBMV 1410771.4370.001.400.301.10
NetherlandsAMSTERDAM 28521012873.6860.951.630.571.06
UKLSE 1610762.5070.001.400.401.00
IndiaNSE 146542.8683.331.330.331.00
Austria WIENERBORSE 43291667.4455.171.480.520.97
MalaysiaBURSA 1514893.3357.141.210.290.93
Hong KongHKEX 117563.6471.431.000.140.86
USPREFERRED 2181408864.2262.861.050.220.83
ArgentinaBUE 1713876.4761.540.920.150.77
SingaporeSGX 104340.0075.001.000.250.75
IsraelTASE 2011855.0072.730.910.180.73
DenmarkCOPENHAGEN 1410671.4360.000.800.100.70
South KoreaKOSDAQ 1410971.4390.000.700.000.70
ChinaSSE 106460.0066.670.830.170.67
USFOREX 1712970.5975.000.830.250.58
TaiwanGTSM 86275.0033.331.170.670.50
CanadaTSX 1510566.6750.000.900.500.40
ItalyBORSA 1713876.4761.540.540.150.38
NetherlandsAMSTERDAM 1713876.4761.540.540.150.38
FrancePARIS 1713876.4761.540.540.150.38
GermanyXETRA 1713876.4761.540.540.150.38
BelgiumBRUSSELS 1713876.4761.540.540.150.38
PhilippinesPSE 1811661.1154.550.550.180.36
Greece ATHENS 1612775.0058.330.500.170.33
Austria WIENERBORSE 1410671.4360.000.500.200.30
SwitzerlandSIX 65283.3340.000.400.200.20
PortugalLISBON 1612675.0050.000.420.250.17
Poland GPW 1812766.6758.330.420.250.17
SpainIBEX 1612675.0050.000.420.250.17
AustraliaASX 1512580.0041.670.500.420.08
ChileBCS 2015775.0046.670.330.270.07
JapanSAPPORO 221100.0050.001.001.000.00
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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