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 1/1/2019
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
TurkeyBIST 54634323062.8267.068.450.817.64
CanadaTSX-V 3601949654.4448.989.333.186.15
JordanASE 144228.5750.007.501.755.75
KuwaitKSE 58322455.1775.005.780.415.38
IndonesiaIDX 2641377551.8954.746.231.075.15
EgyptEGX 39026615668.2158.656.321.225.11
OmanMSM 74371.4360.005.600.605.00
ArgentinaBUE 2231468465.4757.536.191.404.79
IndiaBSE 34132157122663.2056.845.351.214.14
South KoreaKOSDAQ 2273138879861.0657.495.171.173.99
Poland GPW 39724813162.4752.825.581.613.97
ChileBCS 45241653.3366.674.420.633.79
MalaysiaBURSA 42122511253.4449.785.191.603.60
IndiaNSE 28071767102862.9558.184.591.043.55
SpainIBEX 2331337657.0857.144.470.923.54
USWARRANTS 3620855.5640.007.554.103.45
Hong KongHKEX 1725100954958.4954.414.741.333.41
IsraelTASE 67346027968.3560.654.250.853.40
CanadaCSE 161944758.3950.007.464.173.29
PakistanKSE 43926214059.6853.444.451.243.21
SingaporeSGX 156874955.7756.324.090.893.21
TaiwanGTSM 22211495.4566.673.520.333.19
Vietnam HOSE 34320713260.3563.774.030.893.14
TurkeyBIST 22161072.7362.503.500.383.13
USNASDAQ 70714468248963.2755.634.461.403.06
SwedenSTOCKHOLM 96661534064.1854.844.211.203.00
QatarQE 46281860.8764.293.570.573.00
Greece ATHENS 82512962.2056.864.061.142.92
TaiwanGTSM 81952230063.7457.473.800.892.91
MalaysiaBURSA 30231376.6756.523.170.352.83
BrazilBOVESPA 80950329262.6757.593.841.102.74
ChinaSZSE 49103380193768.8457.313.761.052.71
Saudi ArabiaTADAWUL 38224916765.1867.073.120.492.63
RussiaMICEX 36241166.6745.833.080.632.46
The World 88238579923262065.7756.213.341.032.31
BangladeshDSE 37722312359.1555.163.641.352.30
FOREXFOREX 34241370.5954.172.540.252.29
TaiwanTWSE 143389950162.7455.733.080.812.27
NorwayOSE 2871718959.5852.053.731.512.22
Austria WIENERBORSE 1651116067.2754.053.231.052.18
JapanTOKYO 82375289291764.2155.153.161.042.12
ChinaSSE 33762274124867.3654.883.070.972.10
South KoreaKRX 2243141280263.1356.642.860.812.06
SwitzerlandSIX 87758533666.8257.342.700.682.02
ThailandSET 44226813360.6349.633.081.082.00
USOTC PINK 2393154771665.0246.024.822.871.95
FrancePARIS 1541102761466.6559.792.510.651.86
AustraliaASX 146493050563.5254.303.211.401.82
UKLSE 33842334126268.9754.072.811.001.81
JapanTOKYO 24171170.8364.711.880.121.76
CanadaTSX 2176142978465.6754.862.650.951.70
UAEUAE 4423952.2739.133.091.391.70
MexicoBMV 38925613365.8151.953.061.391.68
USNYSE 94116368356467.7655.892.530.911.62
PhilippinesPSE 159904256.6046.672.671.041.62
NetherlandsAMSTERDAM 64345528170.7661.762.170.591.58
PakistanKSE 21141066.6771.431.790.291.50
RussiaMICEX 2821597256.7445.002.511.071.44
Vietnam HNX 62391762.9043.593.261.851.41
DenmarkCOPENHAGEN 154904658.4451.112.270.921.34
BelgiumBRUSSELS 160995261.8852.532.160.821.34
GermanyXETRA 34292360133768.8256.652.050.721.33
USAMEX 105968837364.9754.222.250.931.32
BrazilBOVESPA 27191270.3763.161.680.371.32
IndonesiaIDX 1713876.4761.541.540.231.31
ArgentinaBUE 23191282.6163.161.420.161.26
SwedenSTOCKHOLM 47272057.4574.071.370.111.26
ItalyBORSA 2381166997270.1058.241.950.731.22
BangladeshDSE 17121070.5983.331.330.171.17
MexicoBMV 51362270.5961.111.610.471.14
USPREFERRED 36624211766.1248.351.500.511.00
ThailandSET 44302168.1870.001.030.130.90
Hong KongHKEX 24181075.0055.561.390.500.89
IsraelTASE 28171160.7164.711.120.240.88
UKLSE 30201366.6765.001.150.300.85
UAEUAE 29191265.5263.160.950.110.84
NorwayOSE 32251278.1348.001.200.360.84
Vietnam HOSE 28171060.7158.821.000.290.71
South KoreaKOSDAQ 35221762.8677.270.820.140.68
PortugalLISBON 35231165.7147.831.570.910.65
JapanNAGOYA 3317951.5252.941.591.000.59
DenmarkCOPENHAGEN 25191376.0068.420.680.110.58
ItalyBORSA 28221478.5763.640.730.180.55
NetherlandsAMSTERDAM 28221478.5763.640.730.180.55
BelgiumBRUSSELS 28221478.5763.640.730.180.55
GermanyXETRA 28221478.5763.640.730.180.55
FrancePARIS 28221478.5763.640.730.180.55
SwitzerlandSIX 1715988.2460.000.800.270.53
Austria WIENERBORSE 25191276.0063.160.740.210.53
USFOREX 36261572.2257.690.650.150.50
Greece ATHENS 28221478.5763.640.680.180.50
CanadaTSX 35261374.2950.000.920.460.46
PortugalLISBON 27211277.7857.140.670.240.43
SingaporeSGX 29191265.5263.160.630.210.42
SpainIBEX 29221375.8659.090.640.230.41
Poland GPW 28201071.4350.000.800.400.40
ChinaSSE 2013765.0053.850.690.310.38
ChileBCS 33241372.7354.170.580.210.38
IndiaNSE 3216950.0056.250.810.500.31
PhilippinesPSE 37251167.5744.000.440.160.28
AustraliaASX 35241068.5741.670.580.420.17
JapanSAPPORO 221100.0050.001.001.000.00
JapanFUKUOKA 53260.0066.670.673.00-2.33
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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