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 67044930067.0166.828.820.977.85
ArgentinaBUE 40828519470.3467.607.651.096.57
Poland GPW 48930416562.1754.287.071.425.65
CanadaTSX-V 36921210657.4550.008.242.815.43
EgyptEGX 36823714164.6759.246.621.285.34
JordanASE 145235.7140.005.930.935.00
OmanMSM 74371.4360.005.600.605.00
IndonesiaIDX 3811909249.8748.425.951.344.61
CanadaCSE 142864560.5652.337.733.614.12
IndiaBSE 40932551142762.3355.945.321.304.02
SpainIBEX 2421488661.1658.115.001.073.93
TurkeyBIST 25181272.0066.674.110.333.78
ChileBCS 57362463.1666.674.170.493.68
MalaysiaBURSA 46825713154.9150.975.071.403.67
IndiaNSE 32602020115161.9656.984.731.133.60
Vietnam HOSE 33719113456.6870.164.350.803.55
South KoreaKOSDAQ 2832175092961.8653.034.661.313.36
Hong KongHKEX 1992120164460.2953.624.721.453.27
USNASDAQ 87595828319766.5454.864.651.483.18
IsraelTASE 87760236968.6461.304.010.923.09
KuwaitKSE 73352447.9568.573.660.633.03
PakistanKSE 42325814060.9954.264.201.203.00
SwedenSTOCKHOLM 119575842663.4356.204.101.332.77
UAEUAE 67381556.7239.474.111.352.76
NorwayOSE 37122911761.7351.094.221.472.75
TaiwanGTSM 25241496.0058.333.080.332.75
Greece ATHENS 105623859.0561.293.781.082.71
ChinaSZSE 67804571256267.4256.053.781.082.70
TaiwanGTSM 103367437965.3456.153.600.932.68
QatarQE 66442566.6756.823.470.802.66
BrazilBOVESPA 115875843265.4656.993.691.082.61
SingaporeSGX 1871175662.5747.863.781.232.55
RussiaMICEX 37251267.5748.003.120.602.52
MalaysiaBURSA 39291874.3662.072.760.312.45
BelgiumBRUSSELS 1741066360.9259.433.130.822.31
The World 106819701603906866.1355.303.351.082.27
Austria WIENERBORSE 28018510366.0755.683.361.142.22
ChinaSSE 53483553194466.4454.713.241.032.21
AustraliaASX 1723109659663.6154.383.501.292.21
PhilippinesPSE 162965059.2652.083.271.092.19
ThailandSET 55032216358.5550.623.291.142.15
DenmarkCOPENHAGEN 1991166558.2956.033.221.072.15
Saudi ArabiaTADAWUL 45528517862.6462.462.720.602.13
BangladeshDSE 37823312361.6452.793.421.402.02
TaiwanTWSE 1773113261463.8554.242.970.972.00
PakistanKSE 27171362.9676.472.180.241.94
South KoreaKRX 2675174895365.3854.492.870.941.94
JapanTOKYO 98166469342665.9052.962.971.151.82
SwitzerlandSIX 102369037067.4553.622.620.861.75
NetherlandsAMSTERDAM 83656432867.4658.162.440.701.74
CanadaTSX 2651176995466.7353.932.741.001.74
UKLSE 41582788149067.0553.442.881.161.72
USOTC PINK 2616164278664.1846.814.302.631.67
FrancePARIS 1724111364864.5658.222.370.711.66
USNYSE 122928602490069.9856.962.580.941.65
JapanTOKYO 26191273.0863.161.740.161.58
ArgentinaBUE 28221578.5768.181.680.141.55
GermanyXETRA 46303091176366.7657.042.220.761.46
Vietnam HNX 67452067.1644.443.822.401.42
IndonesiaIDX 22161072.7362.501.560.191.38
ItalyBORSA 29352016114868.7256.922.160.801.36
JapanNAGOYA 3015750.0046.673.031.721.31
BangladeshDSE 26171465.3882.351.530.241.29
FOREXFOREX 43261460.4753.851.540.271.27
SwedenSTOCKHOLM 58362762.0775.001.330.081.25
BrazilBOVESPA 28201371.4365.001.600.351.25
UKLSE 39271569.2355.561.520.301.22
USAMEX 1440100055369.4455.302.040.901.14
MexicoBMV 56412373.2156.101.490.491.00
Vietnam HOSE 37211256.7657.141.240.241.00
UAEUAE 41261863.4169.231.040.120.92
PortugalLISBON 39261366.6750.001.961.100.87
ThailandSET 52362469.2366.671.060.190.86
MexicoBMV 49232015165.0447.192.651.790.85
Hong KongHKEX 34251373.5352.001.280.440.84
NorwayOSE 43311672.0951.611.160.320.84
IsraelTASE 32211465.6366.671.000.190.81
South KoreaKOSDAQ 41261963.4173.080.920.120.81
SwitzerlandSIX 20171085.0058.821.000.290.71
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
SingaporeSGX 42291669.0555.170.830.170.66
Greece ATHENS 33251575.7660.001.000.360.64
IndiaNSE 40221355.0059.091.050.450.59
PortugalLISBON 33251475.7656.000.960.400.56
DenmarkCOPENHAGEN 29221475.8663.640.770.230.55
PhilippinesPSE 44281263.6442.860.680.140.54
SpainIBEX 37271472.9751.850.890.370.52
CanadaTSX 38271471.0551.850.930.440.48
ChileBCS 41321978.0559.380.750.310.44
Poland GPW 34241370.5954.170.750.380.38
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 64266.6750.000.303.14-2.84
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.

Candlesticker.com is an independent and free website and all the Services provided by Americanbulls.com LLC at Candlesticker.com are completely free of charge. Americanbulls.com LLC does not receive compensation by any direct or indirect means from the visitors and users of this website (or of any other bulls.com© family websites), and from the stocks, securities and other institutions or any underwriters or dealers associated with the broader national or international forex, commodity and stock markets.

You agree that Candlesticker.com and Americanbulls.com LLC its parent company, subsidiaries, affiliates, officers and employees shall not be liable for any direct, indirect, incidental, special or consequential damages.