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.
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.
Pattern Performance in Stock Exchanges since 1/1/2018
Stock Exchange 
Per Trade 
Total Net% Descending
CanadaCSE 118603850.8563.3315.633.5512.08
TurkeyBIST 45129420965.1971.098.850.668.20
ArgentinaBUE 109714365.1460.566.631.065.58
OmanMSM 74371.4360.005.600.605.00
Poland GPW 30919810464.0852.536.351.494.86
South KoreaKOSDAQ 1918118070961.5260.085.881.094.79
TaiwanGTSM 16151093.7566.674.870.404.47
EgyptEGX 39726715467.2557.685.461.334.12
PhilippinesPSE 132763957.5851.325.131.143.99
SwedenSTOCKHOLM 88856433463.6359.124.941.073.87
Hong KongHKEX 1648100854961.1754.464.871.223.65
IsraelTASE 52635921568.2559.894.610.993.62
SingaporeSGX 1711026259.6560.784.340.803.54
IndonesiaIDX 2211166852.4958.624.500.983.52
IndiaNSE 2609168597564.5857.864.561.063.49
IndiaBSE 31451998113063.5356.564.721.243.48
USNASDAQ 55373538209663.9359.214.571.173.41
Greece ATHENS 69442663.7759.094.340.983.36
SpainIBEX 2221408563.0660.714.270.933.34
MalaysiaBURSA 3201789055.6350.564.871.533.34
TurkeyBIST 2115971.4360.003.730.403.33
Saudi ArabiaTADAWUL 33823716170.1267.933.920.613.31
MexicoBMV 29921111370.5753.554.150.873.28
QatarQE 39221656.4172.733.590.323.27
PakistanKSE 44229115365.8452.584.481.333.15
RussiaMICEX 30201066.6750.003.700.603.10
KuwaitKSE 3916741.0343.754.751.693.06
MalaysiaBURSA 27221381.4859.093.320.323.00
BrazilBOVESPA 51230917960.3557.933.950.992.97
Vietnam HNX 39241261.5450.004.831.882.96
USOTC PINK 2150140067865.1248.435.542.712.83
ChileBCS 2516864.0050.003.440.632.81
ThailandSET 38524514063.6457.143.570.852.71
Vietnam HOSE 2451518961.6358.943.610.932.68
CanadaTSX-V 2541335952.3644.366.454.002.45
ChinaSZSE 40182826159970.3356.583.641.202.44
JapanTOKYO 73224754266264.9355.993.461.062.40
The World 75108503842862867.1056.813.381.022.36
TaiwanTWSE 118976243364.0956.822.990.842.15
Austria WIENERBORSE 90633470.0053.973.141.002.14
USAMEX 70847626567.2355.673.090.962.13
TaiwanGTSM 69944223963.2354.073.080.972.11
DenmarkCOPENHAGEN 147915261.9057.142.920.822.10
South KoreaKRX 1816111861861.5655.282.900.862.04
CanadaTSX 1969131572766.7955.292.800.881.92
RussiaMICEX 3011799459.4752.512.911.021.88
ChinaSSE 2649181897368.6353.522.961.101.86
AustraliaASX 124681344065.2554.123.321.451.86
USNYSE 81715662323769.3157.162.680.911.76
BelgiumBRUSSELS 130854865.3856.472.290.621.67
FrancePARIS 135295453870.5656.392.400.731.67
UKLSE 28342042110472.1653.992.530.961.57
BangladeshDSE 3211769254.8352.273.091.521.57
PakistanKSE 21141066.6771.431.790.291.50
MexicoBMV 43302069.7766.671.900.431.47
NetherlandsAMSTERDAM 54139423472.8359.392.030.601.42
NorwayOSE 2601668763.8552.413.151.741.41
JapanTOKYO 22161072.7362.501.500.131.38
BrazilBOVESPA 25181272.0066.671.610.281.33
ArgentinaBUE 22181281.8266.671.500.171.33
IndonesiaIDX 1713876.4761.541.540.231.31
GermanyXETRA 26581974109974.3055.652.010.721.29
SwedenSTOCKHOLM 41231656.1069.571.300.131.17
BangladeshDSE 16121075.0083.331.330.171.17
SwitzerlandSIX 75555931174.0455.641.840.681.16
ItalyBORSA 1914141078673.6755.741.920.841.08
PortugalLISBON 34201258.8260.001.850.851.00
NorwayOSE 2419879.1742.111.420.421.00
UAEUAE 25161164.0068.751.130.131.00
USPREFERRED 34423611968.6050.421.470.481.00
IsraelTASE 27161059.2662.501.190.250.94
FOREXFOREX 31211067.7447.621.190.290.90
Hong KongHKEX 24181075.0055.561.390.500.89
ThailandSET 35221662.8672.730.860.000.86
JapanNAGOYA 31171054.8458.821.710.880.82
South KoreaKOSDAQ 30191563.3378.950.890.110.79
Vietnam HOSE 2414958.3364.291.070.360.71
UKLSE 29191265.5263.161.000.320.68
Poland GPW 25181072.0055.560.890.330.56
USFOREX 31221370.9759.090.730.180.55
IndiaNSE 3015950.0060.000.870.330.53
BelgiumBRUSSELS 25191276.0063.160.630.160.47
GermanyXETRA 25191276.0063.160.630.160.47
FrancePARIS 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
ChileBCS 30221373.3359.090.640.230.41
ChinaSSE 2013765.0053.850.690.310.38
DenmarkCOPENHAGEN 23171173.9164.710.470.120.35
PortugalLISBON 24181075.0055.560.560.220.33
SpainIBEX 26191173.0857.890.530.210.32
SwitzerlandSIX 1210683.3360.000.500.200.30
AustraliaASX 2717862.9647.060.650.350.29
CanadaTSX 31211067.7447.620.760.480.29
PhilippinesPSE 3322966.6740.910.410.180.23
JapanSAPPORO 221100.0050.
USWARRANTS 95355.5660.001.001.20-0.20
UAEUAE 4621845.6538.100.861.95-1.10
JapanFUKUOKA 73242.8666.671.003.00-2.00
JordanASE 122016.670.000.003.50-3.50
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


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.