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
CanadaCSE 141734451.7760.2710.823.337.49
TurkeyBIST 55135124063.8868.188.080.747.35
USWARRANTS 1910652.6360.009.302.307.00
CanadaTSX-V 3161657752.2246.679.113.755.36
OmanMSM 74371.4360.005.600.605.00
ArgentinaBUE 1741217069.5457.855.861.074.79
IndonesiaIDX 2671388151.6958.705.650.944.71
ChileBCS 36201355.5665.005.150.604.55
South KoreaKOSDAQ 2192133679261.0459.195.601.134.47
EgyptEGX 44630016867.2656.005.871.404.47
Greece ATHENS 80483063.7558.825.180.734.45
Poland GPW 37624112264.3650.415.851.424.43
IndiaBSE 35452251128263.5056.954.991.233.75
IndiaNSE 29321882108864.1957.814.721.073.64
SwedenSTOCKHOLM 100764237063.8557.544.611.123.49
IsraelTASE 61441925268.2460.144.410.933.48
KuwaitKSE 48221245.8354.554.731.323.41
Hong KongHKEX 1845112160060.7653.524.611.243.37
TaiwanGTSM 21201395.2465.003.700.353.35
PakistanKSE 50632817264.8252.444.681.343.34
Vietnam HNX 54341562.9644.125.502.183.32
USNASDAQ 68014369252564.3357.714.411.243.18
MalaysiaBURSA 39221810555.6148.174.661.503.16
SingaporeSGX 1881096157.9855.964.060.923.14
TurkeyBIST 22161072.7362.503.500.383.13
Saudi ArabiaTADAWUL 37926817670.7165.673.750.663.09
PhilippinesPSE 160954759.3849.474.081.092.99
Vietnam HOSE 33120312961.3363.553.830.862.97
SpainIBEX 2401498762.0858.393.830.972.86
MalaysiaBURSA 30231376.6756.523.170.352.83
QatarQE 45261757.7865.383.190.382.81
BrazilBOVESPA 71043625261.8357.403.801.002.79
MexicoBMV 37026213970.8153.053.821.042.78
TaiwanGTSM 83453831064.5157.623.570.892.68
TaiwanTWSE 140889452263.4958.393.410.772.64
ChinaSZSE 48983422192469.8956.213.781.192.59
ThailandSET 48630216362.1453.973.490.962.53
RussiaMICEX 36241166.6745.833.080.632.46
The World 87606587973333867.1956.643.371.032.34
USOTC PINK 2515161876465.0946.675.122.842.28
JapanTOKYO 86275618308665.1254.933.321.052.27
BangladeshDSE 38121711456.9652.533.551.412.14
Austria WIENERBORSE 136894665.4451.693.161.032.12
AustraliaASX 148597753565.7954.763.421.312.11
DenmarkCOPENHAGEN 1671015860.4857.432.810.772.04
RussiaMICEX 37222712162.3752.162.990.952.03
South KoreaKRX 2125133475162.7856.302.860.832.03
ChinaSSE 32242208117568.4953.223.031.081.95
USAMEX 91462635968.4957.352.760.891.87
CanadaTSX 2258151685367.1856.232.780.941.84
UKLSE 33732387130570.8054.652.740.961.79
FrancePARIS 1578111165470.4158.872.440.681.76
BelgiumBRUSSELS 147915261.9057.142.330.621.71
USNYSE 95626696384070.0657.322.570.901.67
FOREXFOREX 33231269.7052.171.910.261.65
NorwayOSE 31120010264.3151.003.431.791.65
PakistanKSE 21141066.6771.431.790.291.50
BrazilBOVESPA 26181269.2366.671.780.281.50
SwitzerlandSIX 89564335673.0754.432.120.701.41
JapanTOKYO 23161069.5762.501.500.131.38
NetherlandsAMSTERDAM 64746728472.3360.681.970.591.37
GermanyXETRA 31722337132573.7456.652.060.711.35
IndonesiaIDX 1713876.4761.541.540.231.31
ArgentinaBUE 23191282.6163.161.420.161.26
BangladeshDSE 16121075.0083.331.330.171.17
MexicoBMV 49362273.4761.111.610.471.14
SwedenSTOCKHOLM 44241754.5570.831.250.131.13
ItalyBORSA 2314169496673.2157.021.890.821.07
UAEUAE 48231047.9243.482.741.701.04
USPREFERRED 33223912471.9951.881.440.480.96
Hong KongHKEX 24181075.0055.561.390.500.89
UAEUAE 28181164.2961.111.000.110.89
IsraelTASE 28171160.7164.711.120.240.88
PortugalLISBON 36231363.8956.521.570.740.83
NorwayOSE 29221075.8645.451.230.410.82
ThailandSET 41281968.2967.860.930.140.79
South KoreaKOSDAQ 34211761.7680.950.860.100.76
JapanNAGOYA 33181054.5555.561.610.890.72
Vietnam HOSE 27171062.9658.821.000.290.71
UKLSE 29191265.5263.161.000.320.68
FrancePARIS 27211477.7866.670.710.140.57
GermanyXETRA 27211477.7866.670.710.140.57
BelgiumBRUSSELS 27211477.7866.670.710.140.57
NetherlandsAMSTERDAM 27211477.7866.670.710.140.57
ItalyBORSA 27211477.7866.670.710.140.57
Austria WIENERBORSE 24181275.0066.670.720.170.56
Greece ATHENS 27211477.7866.670.670.140.52
USFOREX 33241372.7354.170.670.170.50
Poland GPW 27191070.3752.630.840.370.47
IndiaNSE 3115948.3960.000.870.400.47
SingaporeSGX 25151060.0066.670.730.270.47
PortugalLISBON 26201276.9260.000.650.200.45
SpainIBEX 28211375.0061.900.620.190.43
ChileBCS 31231374.1956.520.610.220.39
AustraliaASX 2818964.2950.000.720.330.39
ChinaSSE 2013765.0053.850.690.310.38
DenmarkCOPENHAGEN 24181275.0066.670.440.110.33
CanadaTSX 32231171.8847.830.740.480.26
PhilippinesPSE 36241066.6741.670.420.170.25
SwitzerlandSIX 1614887.5057.140.500.290.21
JapanSAPPORO 221100.0050.001.001.000.00
JapanFUKUOKA 84350.0075.001.002.25-1.25
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.

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.