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 1/1/2016
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
ChileBCS 21150.00100.0011.000.0011.00
OmanMSM 32166.6750.009.001.507.50
KuwaitKSE 146342.8650.008.671.177.50
Greece ATHENS 38291876.3262.076.000.665.34
ArgentinaBUE 54372368.5262.165.590.654.95
PhilippinesPSE 71452463.3853.335.511.004.51
CanadaCSE 59281347.4646.438.714.324.39
South KoreaKOSDAQ 110365239659.2060.645.381.154.23
TurkeyBIST 1712870.5966.674.420.334.08
USAMEX 2361458161.4455.865.131.173.96
SpainIBEX 125814964.8060.494.730.893.84
EgyptEGX 2101508771.4358.004.831.193.63
QatarQE 21131061.9076.923.920.313.62
MexicoBMV 1511086271.5257.414.200.713.49
TurkeyBIST 2381428859.6661.974.250.803.45
SwedenSTOCKHOLM 49931418762.9359.554.290.963.32
ThailandSET 2481619864.9260.873.960.743.22
IndiaBSE 1994126373563.3458.194.291.173.12
NorwayOSE 1631085867.4852.734.721.643.08
Saudi ArabiaTADAWUL 2061459470.3964.833.860.813.05
IndiaNSE 1676107759464.2655.154.141.123.02
BrazilBOVESPA 2771649759.2159.153.750.753.00
IndonesiaIDX 108624057.4164.523.730.792.94
PakistanKSE 3001929964.0051.564.291.372.92
Vietnam HNX 3220962.5045.005.052.152.90
Hong KongHKEX 99960132260.1653.583.951.212.74
Vietnam HOSE 144885161.1157.953.570.862.70
USNASDAQ 30671969116964.2359.343.771.132.65
USOTC PINK 123279736964.9446.135.402.812.58
Poland GPW 157964961.7850.523.531.052.47
IndonesiaIDX 107770.00100.002.430.002.43
PakistanKSE 106460.0066.672.670.332.33
JapanTOKYO 42712825160366.1456.743.291.022.28
DenmarkCOPENHAGEN 93553259.1458.183.040.852.18
The World 41354274971538066.5355.903.031.032.00
TaiwanGTSM 42025013259.5252.802.910.912.00
SingaporeSGX 102543352.9461.112.480.482.00
BangladeshDSE 2011116055.2254.053.321.411.92
RussiaMICEX 1801095861.6752.252.951.041.91
IsraelTASE 2651709964.1558.242.941.091.85
BrazilBOVESPA 1511873.3372.732.000.181.82
TaiwanTWSE 65740521961.6454.072.650.861.80
SwedenSTOCKHOLM 21141266.6785.711.860.071.79
South KoreaKRX 110066035560.0053.792.660.921.75
PortugalLISBON 2514856.0057.142.210.501.71
USNYSE 49983470196769.4556.672.480.861.62
ChinaSZSE 1955138776770.9555.302.931.341.59
Austria WIENERBORSE 41311675.6151.612.420.841.58
BangladeshDSE 117663.6485.711.710.141.57
JapanTOKYO 1613881.2561.541.690.151.54
CanadaTSX-V 170833148.8237.355.183.651.53
MalaysiaBURSA 172924753.4951.093.081.551.52
NorwayOSE 1914773.6850.001.860.361.50
AustraliaASX 65641721663.5751.802.911.441.48
CanadaTSX 120079642566.3353.392.320.881.45
BelgiumBRUSSELS 81532665.4349.062.000.621.38
ItalyBORSA 112280544571.7555.282.120.811.31
TaiwanGTSM 108480.0050.001.750.501.25
UAEUAE 159760.0077.781.220.001.22
IsraelTASE 23141060.8771.431.360.141.21
FrancePARIS 80857531571.1654.781.920.721.20
ChinaSSE 129690245769.6050.672.391.241.15
UKLSE 1678117861870.2652.422.171.021.15
ThailandSET 24151362.5086.671.130.001.13
RussiaMICEX 178447.0650.001.500.381.13
IndiaNSE 2010850.0080.001.300.301.00
USWARRANTS 32166.6750.001.500.501.00
MalaysiaBURSA 1814877.7857.141.210.290.93
MexicoBMV 2014970.0064.291.430.500.93
FOREXFOREX 2819967.8647.371.210.320.89
Hong KongHKEX 149764.2977.781.000.110.89
SwitzerlandSIX 48334819072.0554.601.500.670.83
GermanyXETRA 1447109358175.6053.111.630.820.82
Vietnam HOSE 125441.6780.001.000.200.80
ArgentinaBUE 1713876.4761.540.920.150.77
UKLSE 2112857.1466.671.170.420.75
ChinaSSE 128566.6762.500.880.130.75
USPREFERRED 2171427865.4454.930.990.320.68
CanadaTSX 1913768.4253.851.000.460.54
USFOREX 19131068.4276.920.770.230.54
NetherlandsAMSTERDAM 27719611170.7656.631.100.610.48
DenmarkCOPENHAGEN 1813772.2253.850.620.150.46
SingaporeSGX 157646.6785.710.570.140.43
South KoreaKOSDAQ 20141270.0085.710.500.070.43
AustraliaASX 1814777.7850.000.710.360.36
NetherlandsAMSTERDAM 2216972.7356.250.500.190.31
ItalyBORSA 2216972.7356.250.500.190.31
GermanyXETRA 2216972.7356.250.500.190.31
FrancePARIS 2216972.7356.250.500.190.31
BelgiumBRUSSELS 2216972.7356.250.500.190.31
Greece ATHENS 2115871.4353.330.470.200.27
PhilippinesPSE 2416866.6750.000.440.190.25
SwitzerlandSIX 108480.0050.000.500.250.25
Austria WIENERBORSE 1913768.4253.850.460.230.23
Poland GPW 1812766.6758.330.420.250.17
SpainIBEX 2115771.4346.670.400.270.13
PortugalLISBON 2115771.4346.670.400.270.13
ChileBCS 2116876.1950.000.310.250.06
JapanSAPPORO 221100.0050.001.001.000.00
JordanASE 133123.0833.332.332.330.00
JapanNAGOYA 2010550.0050.000.300.60-0.30
UAEUAE 2614553.8535.710.791.71-0.93
JapanFUKUOKA 42150.0050.001.004.50-3.50
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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