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 1/1/2017
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
Greece ATHENS 62442770.9761.367.820.986.84
OmanMSM 75471.4380.005.800.605.20
ArgentinaBUE 80502962.5058.005.720.784.94
TurkeyBIST 36723014862.6764.355.330.744.60
CanadaCSE 91392142.8653.857.823.514.31
SingaporeSGX 163876053.3768.974.780.534.25
South KoreaKOSDAQ 1797107162659.7158.345.461.284.18
TurkeyBIST 1712870.5966.674.420.334.08
EgyptEGX 33023312870.6154.945.341.353.99
NorwayOSE 2361538864.8357.524.561.193.37
IndiaBSE 30881957111363.3756.874.621.253.37
Vietnam HNX 38241263.1650.005.211.923.29
ChileBCS 97577.7871.433.570.293.29
SwedenSTOCKHOLM 80551729664.2257.254.311.103.21
IndiaNSE 2536158889562.6256.364.261.093.17
PhilippinesPSE 126753959.5252.004.251.113.15
ChinaSZSE 34632426141970.0558.494.351.223.13
Hong KongHKEX 164898652859.8353.554.361.293.08
ChinaSSE 2292161090870.2456.404.161.202.97
BrazilBOVESPA 43526515960.9260.003.860.922.94
SpainIBEX 2151368363.2661.033.830.962.87
PakistanKSE 41826213162.6850.004.341.482.86
KuwaitKSE 2712544.4441.674.832.002.83
MexicoBMV 27419311070.4456.993.490.782.71
QatarQE 31201164.5255.003.200.502.70
Saudi ArabiaTADAWUL 33322414367.2763.843.230.582.65
USNASDAQ 53963524206465.3658.523.581.102.48
ThailandSET 40225113262.4452.593.421.002.42
Vietnam HOSE 2301367959.1358.093.350.932.42
DenmarkCOPENHAGEN 162995961.1159.603.220.832.39
JapanTOKYO 71534653264465.0556.823.330.982.36
IndonesiaIDX 1941106556.7059.093.040.882.15
RussiaMICEX 2611618961.6955.283.201.072.14
The World 69235461572621366.7056.763.110.982.13
MalaysiaBURSA 3031809259.4151.113.451.362.09
IsraelTASE 42628616667.1458.043.030.992.05
Poland GPW 2681718363.8148.543.031.002.03
CanadaTSX-V 199963748.2438.545.333.411.93
USOTC PINK 2079132063864.1247.864.472.581.90
PakistanKSE 159660.0066.672.220.331.89
TaiwanGTSM 66638820658.2653.092.901.021.88
South KoreaKRX 1932124767864.5454.372.700.911.79
TaiwanTWSE 110970737663.7553.182.660.891.77
USNYSE 88766173359769.5558.272.410.781.64
BrazilBOVESPA 18131072.2276.921.770.151.62
BangladeshDSE 117663.6485.711.710.141.57
USAMEX 65843525366.1158.162.440.881.56
IndonesiaIDX 1311884.6272.731.820.271.55
BelgiumBRUSSELS 128854966.4157.652.150.611.54
CanadaTSX 2021134872266.7053.562.390.881.51
NorwayOSE 1914773.6850.001.860.361.50
BangladeshDSE 3311889256.8048.943.031.541.48
JapanTOKYO 2015975.0060.001.530.131.40
FrancePARIS 128690250770.1456.212.000.681.33
ArgentinaBUE 19151078.9566.671.400.131.27
AustraliaASX 107669636264.7851.942.561.361.21
Austria WIENERBORSE 94633267.0250.791.870.681.19
SwedenSTOCKHOLM 33201360.6165.001.300.151.15
PortugalLISBON 44281463.6450.001.790.681.11
TaiwanGTSM 1110590.9150.001.700.601.10
GermanyXETRA 2323173695374.7354.901.780.701.08
ItalyBORSA 1772127270471.7855.351.930.861.08
UKLSE 2595181498169.9454.051.960.881.07
IsraelTASE 24151062.5066.671.270.201.07
Vietnam HOSE 189650.0066.671.330.331.00
ThailandSET 30191663.3384.211.000.001.00
JapanNAGOYA 36241266.6750.001.961.000.96
FOREXFOREX 30201066.6750.001.250.300.95
SwitzerlandSIX 76954830171.2654.931.540.640.91
UAEUAE 1912863.1666.671.000.170.83
NetherlandsAMSTERDAM 47434519572.7856.521.470.640.83
MexicoBMV 31211467.7466.671.330.520.81
JapanFUKUOKA 75471.4380.002.601.800.80
MalaysiaBURSA 23191182.6157.891.160.370.79
RussiaMICEX 2212754.5558.331.170.420.75
IndiaNSE 2312852.1766.671.080.330.75
UKLSE 25151060.0066.671.000.330.67
South KoreaKOSDAQ 26171465.3882.350.650.060.59
Poland GPW 2316969.5756.250.880.310.56
USPREFERRED 31321110567.4149.760.890.390.50
BelgiumBRUSSELS 24181175.0061.110.670.170.50
FrancePARIS 24181175.0061.110.670.170.50
GermanyXETRA 24181175.0061.110.670.170.50
NetherlandsAMSTERDAM 24181175.0061.110.670.170.50
ItalyBORSA 24181175.0061.110.670.170.50
Austria WIENERBORSE 2115971.4360.000.670.200.47
DenmarkCOPENHAGEN 1813772.2253.850.620.150.46
Greece ATHENS 24181175.0061.110.610.170.44
USFOREX 23161069.5762.500.630.250.38
PortugalLISBON 2317973.9152.940.590.240.35
CanadaTSX 2718966.6750.000.830.500.33
SpainIBEX 24181075.0055.560.560.220.33
ChinaSSE 1611568.7545.450.640.360.27
AustraliaASX 2316769.5743.750.630.380.25
SingaporeSGX 179652.9466.670.440.220.22
PhilippinesPSE 2618869.2344.440.390.170.22
SwitzerlandSIX 119581.8255.560.440.220.22
Hong KongHKEX 1913768.4253.850.690.620.08
ChileBCS 2317973.9152.940.290.240.06
JapanSAPPORO 221100.0050.001.001.000.00
UAEUAE 4624852.1733.331.672.13-0.46
USWARRANTS 43175.0033.331.001.67-0.67
JordanASE 173017.650.000.002.33-2.33
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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