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 1/1/2018
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
USWARRANTS 168550.0062.5010.382.258.13
TurkeyBIST 51632922563.9568.188.380.757.62
CanadaCSE 136674049.2659.7011.033.497.54
OmanMSM 74371.4360.005.600.605.00
ChileBCS 33181154.5561.115.440.674.78
ArgentinaBUE 1501056170.0058.105.761.014.75
South KoreaKOSDAQ 2082128377261.6260.175.761.084.68
Greece ATHENS 73483065.7562.505.500.884.63
EgyptEGX 42428816467.9256.945.821.404.41
Poland GPW 35222611364.4949.785.871.594.28
IndonesiaIDX 2471277451.4258.274.841.013.83
TaiwanGTSM 19181294.7466.674.060.333.72
IndiaBSE 33672145122463.7157.064.951.233.72
SwedenSTOCKHOLM 94560435163.9258.114.811.113.70
IndiaNSE 27881800104164.6357.774.721.073.65
PhilippinesPSE 150874558.0051.724.661.053.61
Hong KongHKEX 1766107858361.0454.084.761.243.52
IsraelTASE 58840223868.5459.064.410.953.45
PakistanKSE 48131316765.0753.354.751.333.43
Saudi ArabiaTADAWUL 36526117371.5166.283.890.623.27
SingaporeSGX 1831056057.3857.144.120.873.26
CanadaTSX-V 2951567152.8845.516.973.753.22
KuwaitKSE 46201143.4855.004.551.353.20
USNASDAQ 64204129236764.3857.274.401.253.15
TurkeyBIST 22161072.7362.503.500.383.13
SpainIBEX 2361488962.7160.144.050.953.10
MalaysiaBURSA 3622039956.0848.774.491.483.01
QatarQE 43241655.8166.673.290.422.88
MalaysiaBURSA 30231376.6756.523.170.352.83
MexicoBMV 34724512870.6152.243.851.042.81
TaiwanGTSM 79751929665.1257.033.650.922.73
RussiaMICEX 33221166.6750.003.360.642.73
BrazilBOVESPA 64339322862.0557.143.680.992.68
Vietnam HOSE 30218711361.9260.433.520.902.61
TaiwanTWSE 132485550064.5858.483.400.802.60
ThailandSET 45828715562.6654.013.500.972.53
ChinaSZSE 45793227181370.4756.183.681.192.49
Vietnam HNX 49321365.3140.634.752.312.44
USOTC PINK 2346153372265.7746.795.142.812.33
The World 83496561833180167.3556.553.331.032.31
JapanTOKYO 82345341294164.8755.063.321.052.26
Austria WIENERBORSE 125854668.0054.123.291.052.25
BangladeshDSE 35620411157.3054.413.461.372.09
DenmarkCOPENHAGEN 158975561.3956.702.840.782.05
South KoreaKRX 2022127171262.8656.022.880.842.04
AustraliaASX 139792251166.2155.243.341.351.99
USAMEX 86258433167.7556.682.780.921.86
ChinaSSE 30162067109068.5352.732.921.111.81
CanadaTSX 2168145181366.9755.992.720.921.79
UKLSE 32102285125271.2154.772.720.951.77
BelgiumBRUSSELS 137885064.2356.822.360.601.76
FrancePARIS 1513106862570.5958.522.380.691.69
RussiaMICEX 33520410761.7951.692.660.981.68
USNYSE 91026360361769.9156.842.550.911.63
PakistanKSE 21141066.6771.431.790.291.50
BrazilBOVESPA 25181272.0066.671.780.281.50
NetherlandsAMSTERDAM 62445427872.7661.231.980.571.41
JapanTOKYO 23161069.5762.501.500.131.38
GermanyXETRA 30112234127774.2657.112.070.711.36
NorwayOSE 2941859462.9350.813.171.831.35
IndonesiaIDX 1713876.4761.541.540.231.31
MexicoBMV 47342272.3464.711.710.441.26
ArgentinaBUE 23191282.6163.161.420.161.26
SwitzerlandSIX 86262634773.4354.821.860.681.18
BangladeshDSE 16121075.0083.331.330.171.17
SwedenSTOCKHOLM 44241754.5570.831.250.131.13
ItalyBORSA 2192160790273.3156.131.870.821.05
USPREFERRED 34124612772.1451.631.490.481.02
PortugalLISBON 35211260.0057.141.760.810.95
FOREXFOREX 32221168.7550.001.180.270.91
UAEUAE 28181164.2961.111.000.110.89
Hong KongHKEX 24181075.0055.561.390.500.89
IsraelTASE 28171160.7164.711.120.240.88
NorwayOSE 2821975.0042.861.290.430.86
ThailandSET 41281968.2967.860.930.140.79
South KoreaKOSDAQ 32201662.5080.000.850.100.75
JapanNAGOYA 32181056.2555.561.610.890.72
Vietnam HOSE 27171062.9658.821.000.290.71
UKLSE 29191265.5263.161.000.320.68
Poland GPW 26181069.2355.560.890.330.56
FrancePARIS 26201376.9265.000.700.150.55
GermanyXETRA 26201376.9265.000.700.150.55
BelgiumBRUSSELS 26201376.9265.000.700.150.55
NetherlandsAMSTERDAM 26201376.9265.000.700.150.55
ItalyBORSA 26201376.9265.000.700.150.55
Austria WIENERBORSE 23171173.9164.710.710.180.53
USFOREX 33241372.7354.170.670.170.50
Greece ATHENS 26201376.9265.000.650.150.50
IndiaNSE 3115948.3960.000.870.400.47
SingaporeSGX 25151060.0066.670.730.270.47
PortugalLISBON 25191176.0057.890.630.210.42
ChileBCS 30221373.3359.090.640.230.41
SpainIBEX 27201274.0760.000.600.200.40
ChinaSSE 2013765.0053.850.690.310.38
DenmarkCOPENHAGEN 23171173.9164.710.470.120.35
AustraliaASX 2717862.9647.060.650.350.29
PhilippinesPSE 35231065.7143.480.430.170.26
CanadaTSX 32231171.8847.830.740.480.26
SwitzerlandSIX 1614887.5057.140.500.290.21
JapanSAPPORO 221100.0050.001.001.000.00
UAEUAE 4821843.7538.100.861.90-1.05
JapanFUKUOKA 73242.8666.670.673.00-2.33
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

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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