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 177441.1857.147.860.437.43
CanadaCSE 80402350.0057.509.303.136.18
Greece ATHENS 38281873.6864.296.640.616.04
ArgentinaBUE 63422768.2562.795.510.604.91
TurkeyBIST 1712870.5966.674.420.334.08
South KoreaKOSDAQ 125874043458.9058.575.181.233.94
PhilippinesPSE 86532961.6354.724.771.043.74
SpainIBEX 137865262.7760.474.600.913.70
TurkeyBIST 25715910061.8762.894.520.843.69
EgyptEGX 2251558868.8956.774.791.283.52
MexicoBMV 1731247171.6857.264.060.733.32
SwedenSTOCKHOLM 54734620763.2559.834.231.003.23
ThailandSET 26517110364.5360.233.910.743.18
IndiaBSE 2204140280563.6157.424.281.193.09
IndiaNSE 1812117765064.9655.234.141.133.01
Saudi ArabiaTADAWUL 2171509869.1265.333.800.812.99
NorwayOSE 1781166365.1754.314.661.722.95
QatarQE 26161161.5468.753.250.312.94
Vietnam HNX 3119861.2942.115.162.262.89
BrazilBOVESPA 31118210758.8458.473.600.802.80
ChileBCS 54380.0075.003.000.252.75
PakistanKSE 33220810662.6550.964.161.442.73
Hong KongHKEX 112265735258.6553.503.931.252.67
USOTC PINK 138889942664.8447.335.362.742.62
USNASDAQ 36252297133763.5358.053.691.142.56
IndonesiaIDX 121714458.6861.973.410.902.51
IndonesiaIDX 107770.00100.002.430.002.43
Poland GPW 1721085663.3751.383.501.112.39
JapanTOKYO 48843193178865.3856.003.271.032.24
USAMEX 45929417164.0558.163.110.932.18
PakistanKSE 106460.0066.672.500.332.17
Vietnam HOSE 1651065564.2451.893.211.072.14
DenmarkCOPENHAGEN 101603559.4158.332.970.852.12
SingaporeSGX 110583752.7363.792.520.522.00
The World 47254312581754366.1856.093.011.031.98
ChinaSZSE 2368165490869.8554.903.191.331.86
TaiwanTWSE 75946925661.7954.582.710.851.86
TaiwanGTSM 46628114860.3052.672.790.941.85
IsraelTASE 28418210664.0858.242.911.091.82
BrazilBOVESPA 1511873.3372.732.000.181.82
CanadaTSX-V 172843248.8438.105.293.481.81
RussiaMICEX 2031206360.1051.642.841.071.78
South KoreaKRX 125674740159.4753.682.650.901.75
PortugalLISBON 2514856.0057.142.210.501.71
BangladeshDSE 2281256354.8250.403.181.511.66
MalaysiaBURSA 1951065254.3649.063.161.501.66
Austria WIENERBORSE 56402171.4352.502.400.781.63
BangladeshDSE 117663.6485.711.710.141.57
USNYSE 59564054231268.0757.032.410.861.55
JapanTOKYO 1613881.2561.541.690.151.54
NorwayOSE 1914773.6850.001.860.361.50
SwedenSTOCKHOLM 25161264.0075.001.630.191.44
CanadaTSX 133488447666.2753.852.320.901.41
AustraliaASX 74546924862.9552.882.801.391.40
ChinaSSE 1582109255769.0351.012.631.241.39
BelgiumBRUSSELS 88593167.0552.541.930.581.36
ItalyBORSA 124690251472.3956.982.070.781.28
TaiwanGTSM 108480.0050.001.750.501.25
UAEUAE 159760.0077.781.220.001.22
IsraelTASE 23141060.8771.431.360.141.21
FrancePARIS 87562334971.2056.021.910.701.20
UKLSE 1850131869971.2453.032.150.981.16
ArgentinaBUE 1814977.7864.291.210.141.07
USWARRANTS 32166.6750.001.500.501.00
RussiaMICEX 2010650.0060.001.300.301.00
ThailandSET 27171462.9682.351.000.001.00
IndiaNSE 2010850.0080.001.300.301.00
SwitzerlandSIX 53839122372.6857.031.540.600.95
GermanyXETRA 1624123269475.8656.331.700.760.94
MalaysiaBURSA 20161080.0062.501.190.250.94
FOREXFOREX 2819967.8647.371.210.320.89
Vietnam HOSE 135438.4680.001.000.200.80
ChinaSSE 128566.6762.500.880.130.75
UKLSE 23141060.8771.431.070.360.71
South KoreaKOSDAQ 21151371.4386.670.730.070.67
MexicoBMV 27181166.6761.111.060.390.67
NetherlandsAMSTERDAM 30922413372.4959.381.240.580.65
USFOREX 20141070.0071.430.710.210.50
Hong KongHKEX 1510766.6770.000.900.400.50
USPREFERRED 2351548365.5353.900.880.400.48
DenmarkCOPENHAGEN 1813772.2253.850.620.150.46
CanadaTSX 2114766.6750.000.930.500.43
ItalyBORSA 23171073.9158.820.470.180.29
NetherlandsAMSTERDAM 23171073.9158.820.470.180.29
GermanyXETRA 23171073.9158.820.470.180.29
FrancePARIS 23171073.9158.820.470.180.29
BelgiumBRUSSELS 23171073.9158.820.470.180.29
AustraliaASX 2115771.4346.670.670.400.27
SingaporeSGX 168650.0075.000.500.250.25
Greece ATHENS 2216972.7356.250.440.190.25
SwitzerlandSIX 119581.8255.560.440.220.22
PhilippinesPSE 2618869.2344.440.390.170.22
Austria WIENERBORSE 2014870.0057.140.430.210.21
Poland GPW 2114866.6757.140.430.290.14
SpainIBEX 2216872.7350.000.380.250.13
PortugalLISBON 2216872.7350.000.380.250.13
ChileBCS 2217977.2752.940.290.240.06
JordanASE 133123.0833.332.332.330.00
JapanSAPPORO 221100.0050.001.001.000.00
JapanNAGOYA 2010550.0050.000.300.60-0.30
UAEUAE 3016653.3337.500.751.56-0.81
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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