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 1/1/2019
Stock Exchange 
Per Trade 
Total Net% Descending
OmanMSM 74371.4360.005.600.605.00
TurkeyBIST 24171170.8364.713.590.353.24
TaiwanGTSM 24231495.8360.873.220.352.87
MalaysiaBURSA 30231376.6756.523.170.352.83
RussiaMICEX 36241166.6745.833.080.632.46
FOREXFOREX 35231265.7152.
JapanTOKYO 24171170.8364.711.880.121.76
PakistanKSE 22141063.6471.431.790.291.50
BrazilBOVESPA 27191270.3763.161.680.371.32
IndonesiaIDX 1713876.4761.541.540.231.31
SwedenSTOCKHOLM 52312359.6274.191.320.101.23
ArgentinaBUE 25201380.0065.001.350.151.20
MexicoBMV 52372371.1562.161.650.461.19
BangladeshDSE 19121063.1683.331.330.171.17
ThailandSET 45312268.8970.971.060.130.94
IsraelTASE 28171160.7164.711.120.240.88
UAEUAE 30191263.3363.160.950.110.84
NorwayOSE 33251275.7648.001.200.360.84
UKLSE 32211365.6361.901.100.290.81
Hong KongHKEX 27201174.0755.001.300.500.80
Vietnam HOSE 28171060.7158.821.000.290.71
South KoreaKOSDAQ 35221762.8677.270.820.140.68
SwitzerlandSIX 1815983.3360.000.800.270.53
USFOREX 38271571.0555.560.630.150.48
CanadaTSX 37261370.2750.000.920.460.46
SingaporeSGX 32201262.5060.000.600.200.40
DenmarkCOPENHAGEN 27201374.0765.000.650.250.40
ItalyBORSA 30231476.6760.870.700.300.39
BelgiumBRUSSELS 30231476.6760.870.700.300.39
GermanyXETRA 30231476.6760.870.700.300.39
FrancePARIS 30231476.6760.870.700.300.39
NetherlandsAMSTERDAM 30231476.6760.870.700.300.39
ChileBCS 33241372.7354.170.580.210.38
Poland GPW 30221173.3350.000.770.410.36
Austria WIENERBORSE 27201274.0760.000.700.350.35
Greece ATHENS 30231476.6760.870.650.300.35
ChinaSSE 2214763.6450.000.640.360.29
PortugalLISBON 29221275.8654.550.640.360.27
PhilippinesPSE 40261165.0042.310.420.150.27
SpainIBEX 31231374.1956.520.610.350.26
IndiaNSE 3317951.5252.940.760.530.24
PortugalLISBON 393269.237.410.260.050.21
AustraliaASX 37241064.8641.670.580.420.17
USAMEX 11372267.
DenmarkCOPENHAGEN 1601158.751.
The World 93976148088665.891.430.060.010.05
NetherlandsAMSTERDAM 7161168.440.
IsraelTASE 7441168.950.
PakistanKSE 4551159.120.370.010.000.01
BangladeshDSE 4131160.530.400.000.000.00
JapanTOKYO 87264264.580.
IndiaNSE 30271163.360.
AustraliaASX 15412163.
TurkeyBIST 5830062.950.
TaiwanGTSM 8980064.370.
TaiwanTWSE 15570063.
UKLSE 36650068.620.
USPREFERRED 4120064.810.
USOTC PINK 26560064.
USNASDAQ 74770064.460.
Vietnam HOSE 3540061.860.
Vietnam HNX 660060.610.
RussiaMICEX 3050057.
SwedenSTOCKHOLM 10380063.490.
ThailandSET 4860059.670.
SingaporeSGX 1610055.900.
Poland GPW 4230061.
NorwayOSE 3090060.
UAEUAE 500056.
Saudi ArabiaTADAWUL 4050063.950.
QatarQE 560058.930.
EgyptEGX 4050067.650.
JordanASE 140028.570.
KuwaitKSE 670053.730.
PhilippinesPSE 1650055.760.
MalaysiaBURSA 4430053.950.
MexicoBMV 4180066.
JapanSAPPORO 221100.0050.
JapanNAGOYA 320050.
JapanFUKUOKA 50060.
South KoreaKRX 23850063.440.
IndonesiaIDX 2950051.530.
IndiaBSE 37250063.300.
ItalyBORSA 26301070.
SwitzerlandSIX 9290066.310.
CanadaCSE 1590058.490.
CanadaTSX-V 3820055.
BrazilBOVESPA 9080063.330.
ArgentinaBUE 2530068.770.
Austria WIENERBORSE 1730065.900.
BelgiumBRUSSELS 1730060.
ChileBCS 500058.
GermanyXETRA 37920067.620.
ChinaSZSE 53430068.690.
ChinaSSE 36520067.
Hong KongHKEX 18060057.700.
Greece ATHENS 860061.630.
FrancePARIS 16510066.
SpainIBEX 2470058.700.
CanadaTSX 23321065.910.
South KoreaKOSDAQ 24511061.690.
USNYSE 99402068.500.
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


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