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
TurkeyBIST 46230520466.0266.896.770.656.12
Greece ATHENS 74472663.5155.326.721.345.38
ArgentinaBUE 99633563.6455.566.521.325.21
OmanMSM 75471.4380.005.800.605.20
South KoreaKOSDAQ 2046125374561.2459.466.081.224.86
TaiwanGTSM 16151093.7566.674.870.404.47
ChileBCS 1511873.3372.734.910.554.36
SingaporeSGX 1941087255.6766.674.910.694.21
EgyptEGX 40027915669.7555.915.461.314.15
RussiaMICEX 2616961.5456.254.560.564.00
TurkeyBIST 1913968.4269.234.310.314.00
IndiaBSE 34092150122163.0756.794.951.273.68
CanadaCSE 94422344.6854.768.004.383.62
Poland GPW 32720210161.7750.004.771.183.59
PhilippinesPSE 142834258.4550.604.731.143.59
IndiaNSE 28151761102162.5657.984.601.073.53
SwedenSTOCKHOLM 92959534264.0557.484.671.213.46
PakistanKSE 46429315463.1552.564.771.383.39
ChinaSZSE 42893044179570.9758.974.501.173.33
Hong KongHKEX 1890114962560.7954.404.591.283.31
CanadaTSX-V 2271094948.0244.956.343.103.24
QatarQE 38241563.1662.503.580.423.17
MalaysiaBURSA 26211280.7757.143.430.333.10
ChinaSSE 28301972112969.6857.254.161.143.02
IndonesiaIDX 2291307656.7758.463.930.942.99
IsraelTASE 54236521467.3458.633.890.982.92
BrazilBOVESPA 52431918960.8859.253.901.012.89
USNASDAQ 61343988234965.0158.904.011.132.88
MexicoBMV 32422512669.4456.003.750.882.86
Vietnam HOSE 2661609760.1560.633.780.942.84
Saudi ArabiaTADAWUL 37025416368.6564.173.400.592.81
SpainIBEX 2361438960.5962.243.600.902.71
ThailandSET 46128615462.0453.853.620.942.68
NorwayOSE 2781769963.3156.253.941.352.59
JapanTOKYO 80355227297865.0556.973.491.022.47
The World 77569518262954566.8456.983.361.032.34
RussiaMICEX 29419010464.6354.743.301.022.28
South KoreaKRX 2046131774664.3756.643.140.882.26
DenmarkCOPENHAGEN 1761096461.9358.722.940.802.14
MalaysiaBURSA 35320910959.2152.153.481.352.13
USOTC PINK 2414152574063.9647.934.612.641.97
Vietnam HNX 44281263.6442.864.042.071.96
TaiwanGTSM 75845224359.6353.762.971.041.93
TaiwanTWSE 128082444164.3853.522.750.921.83
Austria WIENERBORSE 64452370.3151.112.801.001.80
USNYSE 96886709388569.2557.912.510.851.66
CanadaTSX 2245147780365.7954.372.490.861.63
BangladeshDSE 3411949656.8949.483.111.511.61
MexicoBMV 41281968.2967.862.040.431.61
KuwaitKSE 3717745.9541.183.882.291.59
PakistanKSE 21141066.6771.431.860.291.57
FrancePARIS 1472103858870.5256.652.290.731.56
USAMEX 74950028766.7657.402.550.991.56
BrazilBOVESPA 20151175.0073.331.730.201.53
BelgiumBRUSSELS 141955567.3857.892.150.641.51
JapanNAGOYA 42261461.9053.852.380.881.50
AustraliaASX 126380742863.9053.042.891.431.45
BangladeshDSE 139869.2388.891.560.111.44
IndonesiaIDX 1512880.0066.671.670.251.42
JapanTOKYO 22161072.7362.501.500.131.38
ArgentinaBUE 22181281.8266.671.500.171.33
UKLSE 29792108113670.7653.892.230.941.29
GermanyXETRA 27562050115274.3856.201.920.691.23
SwedenSTOCKHOLM 35221562.8668.181.360.141.23
NetherlandsAMSTERDAM 57642524973.7858.591.860.661.21
IsraelTASE 25151060.0066.671.270.201.07
USPREFERRED 37125813669.5452.711.500.461.04
UAEUAE 24161266.6775.001.130.131.00
NorwayOSE 2318778.2638.891.440.441.00
ThailandSET 31191661.2984.211.000.001.00
USWARRANTS 52140.0050.001.500.501.00
SwitzerlandSIX 86863233972.8153.641.660.690.96
ItalyBORSA 2070150283272.5655.391.880.920.96
FOREXFOREX 31211067.7447.621.190.290.90
PortugalLISBON 48311664.5851.611.740.940.81
JapanFUKUOKA 85462.5080.002.601.800.80
South KoreaKOSDAQ 30191563.3378.950.890.110.79
Vietnam HOSE 23141060.8771.431.140.360.79
IndiaNSE 2713848.1561.541.000.380.62
UKLSE 28181164.2961.110.940.330.61
USFOREX 28201471.4370.000.800.200.60
Poland GPW 2417970.8352.940.820.290.53
FrancePARIS 25191276.0063.160.630.160.47
GermanyXETRA 25191276.0063.160.630.160.47
BelgiumBRUSSELS 25191276.0063.160.630.160.47
NetherlandsAMSTERDAM 25191276.0063.160.630.160.47
ItalyBORSA 25191276.0063.160.630.160.47
SingaporeSGX 24151062.5066.670.730.270.47
Austria WIENERBORSE 22161072.7362.500.630.190.44
Greece ATHENS 25191276.0063.160.580.160.42
ChinaSSE 1913768.4253.850.690.310.38
DenmarkCOPENHAGEN 23171173.9164.710.470.120.35
ChileBCS 27201174.0755.000.600.250.35
PortugalLISBON 24181075.0055.560.560.220.33
SpainIBEX 26191173.0857.890.530.210.32
AustraliaASX 2517868.0047.060.650.350.29
CanadaTSX 2819967.8647.370.790.530.26
PhilippinesPSE 3021970.0042.860.430.190.24
SwitzerlandSIX 119581.8255.560.440.220.22
Hong KongHKEX 23171073.9158.820.710.530.18
JapanSAPPORO 221100.0050.001.001.000.00
UAEUAE 54271150.0040.742.112.15-0.04
JordanASE 183016.670.000.002.33-2.33
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.

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