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 1/1/2021
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
TurkeyBIST 68646831268.2266.678.891.067.84
ArgentinaBUE 99694969.7071.017.760.816.94
Poland GPW 50931817562.4855.037.501.535.97
EgyptEGX 35322713564.3159.476.771.255.52
KuwaitKSE 86412847.6768.295.800.595.20
CanadaTSX-V 36521410658.6349.538.023.005.02
OmanMSM 74371.4360.005.600.605.00
IndonesiaIDX 3701868850.2747.316.301.364.94
CanadaCSE 133814260.9051.858.083.474.62
ChileBCS 65412663.0863.414.830.514.32
IndiaBSE 41642598146662.3956.435.451.294.16
SpainIBEX 2391499062.3460.405.121.014.11
JordanASE 146242.8633.334.940.884.06
IndiaNSE 33262085120562.7257.774.781.113.67
MalaysiaBURSA 46926013055.4450.005.001.413.59
TurkeyBIST 26191373.0868.423.890.323.58
Vietnam HOSE 37121915459.0370.324.350.803.54
Hong KongHKEX 2014120164859.6353.964.851.443.41
SwedenSTOCKHOLM 121676842863.1655.734.741.363.38
South KoreaKOSDAQ 2838178494662.8653.034.631.303.33
USNASDAQ 89255948324166.6454.494.591.493.10
UAEUAE 65391760.0043.594.131.172.97
TaiwanGTSM 103468339066.1557.023.790.852.94
Greece ATHENS 112644057.1462.503.800.902.89
IsraelTASE 91662437468.1259.943.760.932.83
ChinaSZSE 68214591259867.3156.593.891.072.82
PakistanKSE 42124912959.1451.814.081.332.76
TaiwanGTSM 25241496.0058.333.080.332.75
SingaporeSGX 1811145862.9850.883.961.222.74
BangladeshDSE 39023512060.2651.063.931.252.68
PhilippinesPSE 163895054.6056.183.570.922.65
BelgiumBRUSSELS 1681046261.9059.623.370.762.60
NorwayOSE 37022211360.0050.904.121.522.60
QatarQE 66412462.1258.543.330.752.58
Saudi ArabiaTADAWUL 47129920063.4866.893.100.562.54
RussiaMICEX 37251267.5748.003.120.602.52
BrazilBOVESPA 119779344966.2556.623.581.072.51
MalaysiaBURSA 40291872.5062.072.760.312.45
ChinaSSE 54463603199566.1655.373.321.012.31
The World 108789716864015866.3455.643.381.072.31
DenmarkCOPENHAGEN 2041227259.8059.023.281.072.21
Vietnam HNX 62402064.5250.004.522.332.19
TaiwanTWSE 1798116565364.7956.053.130.952.18
Austria WIENERBORSE 29419610966.6755.613.241.062.18
AustraliaASX 1747112160264.1753.703.381.272.12
South KoreaKRX 2635175296266.4954.912.960.932.02
FrancePARIS 1716112067065.2759.822.640.671.97
ThailandSET 55633516160.2548.063.171.221.95
PakistanKSE 27171362.9676.472.180.241.94
SwitzerlandSIX 105370838467.2454.242.680.821.86
CanadaTSX 2706179198466.1954.942.851.011.84
JapanTOKYO 98106516344566.4252.872.971.141.83
JapanNAGOYA 3017956.6752.943.621.811.81
UKLSE 44683020160667.5953.182.951.171.78
NetherlandsAMSTERDAM 88260135368.1458.742.400.701.69
USNYSE 124558727501570.0757.472.600.921.68
USOTC PINK 2706169980764.4546.274.272.621.65
ArgentinaBUE 28221578.5768.181.680.141.55
JapanTOKYO 26191273.0863.161.680.161.53
ItalyBORSA 31552181127569.2258.382.250.791.46
GermanyXETRA 50023346195766.8958.492.160.721.45
PortugalLISBON 35231165.7147.832.601.171.43
USAMEX 1556110062870.6957.092.220.821.40
IndonesiaIDX 22161072.7362.501.560.191.38
BangladeshDSE 26171465.3882.351.530.241.29
SwedenSTOCKHOLM 59372762.7172.971.300.081.22
UKLSE 42291669.0555.171.410.281.14
BrazilBOVESPA 30221473.3363.641.450.321.14
MexicoBMV 48831214863.9347.442.831.781.04
FOREXFOREX 45271460.0051.851.480.441.04
Vietnam HOSE 37211256.7657.141.240.241.00
MexicoBMV 58422372.4154.761.450.480.98
UAEUAE 42271964.2970.371.000.110.89
NorwayOSE 46321769.5753.131.190.310.88
ThailandSET 52362469.2366.671.060.190.86
Hong KongHKEX 34251373.5352.001.280.440.84
South KoreaKOSDAQ 43282065.1271.430.890.110.79
USFOREX 44321972.7359.380.840.160.69
Austria WIENERBORSE 31221370.9759.091.090.410.68
NetherlandsAMSTERDAM 33251575.7660.001.040.360.68
ItalyBORSA 34251573.5360.001.040.360.68
FrancePARIS 34251573.5360.001.040.360.68
GermanyXETRA 34251573.5360.001.040.360.68
BelgiumBRUSSELS 33251575.7660.001.040.360.68
SwitzerlandSIX 21181185.7161.110.940.280.67
SingaporeSGX 42291669.0555.170.830.170.66
Greece ATHENS 33251575.7660.001.000.360.64
IsraelTASE 36241466.6758.330.880.290.58
IndiaNSE 41231456.1060.871.000.430.57
PortugalLISBON 33251475.7656.000.960.400.56
PhilippinesPSE 46291363.0444.830.690.140.55
DenmarkCOPENHAGEN 30221473.3363.640.770.230.55
SpainIBEX 37271472.9751.850.890.370.52
CanadaTSX 38271471.0551.850.930.440.48
Poland GPW 35251371.4352.000.720.400.32
ChileBCS 41321978.0559.380.630.310.31
AustraliaASX 40261065.0038.460.540.380.15
ChinaSSE 2718766.6738.890.500.390.11
USWARRANTS 380060.530.000.000.000.00
USPREFERRED 4200064.760.000.000.000.00
RussiaMICEX 2580054.650.000.000.000.00
JapanSAPPORO 221100.0050.001.001.000.00
JapanFUKUOKA 74157.1425.000.043.34-3.30
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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