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 1/1/2015
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
CanadaCSE 3917943.5952.9417.123.7613.35
Greece ATHENS 42301971.4363.338.400.907.50
KuwaitKSE 187438.8957.148.002.145.86
ArgentinaBUE 57362163.1658.336.580.835.75
EgyptEGX 2181619473.8558.396.451.065.40
OmanMSM 75471.4380.005.800.605.20
South KoreaKOSDAQ 129476851159.4366.455.920.984.93
IndiaBSE 2238143097063.9067.835.750.864.89
NorwayOSE 1871277967.9162.206.071.284.79
ChinaSSE 1514108574271.6668.395.450.864.59
ChinaSZSE 22171571109370.8669.575.380.894.49
Vietnam HNX 39241361.5454.176.001.634.38
PhilippinesPSE 79492862.0357.145.240.904.35
JapanFUKUOKA 333100.00100.004.330.004.33
IndiaNSE 1843114475562.0766.005.020.764.26
TurkeyBIST 1712870.5966.674.420.334.08
ChileBCS 53260.0066.674.330.334.00
Hong KongHKEX 124574644659.9259.794.951.003.95
Vietnam HOSE 166916354.8269.234.550.633.92
TurkeyBIST 2591589461.0059.494.370.633.74
PakistanKSE 31019010561.2955.264.861.223.64
SwedenSTOCKHOLM 54934021661.9363.534.340.873.47
CanadaTSX-V 157733346.5045.216.182.733.45
RussiaMICEX 1871217464.7161.164.020.743.28
Saudi ArabiaTADAWUL 25917511867.5767.433.710.453.27
USAMEX 2561579061.3357.324.220.953.27
BrazilBOVESPA 30518112359.3467.963.930.683.25
USNASDAQ 36472381157565.3466.094.060.863.20
IndonesiaIDX 123715557.7277.463.630.553.08
USOTC PINK 140588947663.2753.545.162.143.02
MexicoBMV 1831278069.4062.993.700.693.02
ThailandSET 34020711860.8857.003.800.803.00
DenmarkCOPENHAGEN 129785460.4769.233.510.652.86
JapanTOKYO 48533161195865.1361.943.600.802.79
The World 48438321442022566.3962.903.530.802.74
SpainIBEX 1551047167.1068.273.470.742.73
IndonesiaIDX 86675.00100.002.670.002.67
MalaysiaBURSA 2281408061.4057.143.711.142.58
SingaporeSGX 128613947.6663.933.030.482.56
South KoreaKRX 137086153062.8561.563.160.702.46
TaiwanGTSM 48527715757.1156.683.290.842.45
IsraelTASE 33020512662.1261.463.330.882.45
BangladeshDSE 2251347459.5655.223.541.152.39
QatarQE 2113961.9069.232.540.232.31
Poland GPW 2021267363.3757.032.920.772.16
TaiwanTWSE 74446626662.6357.082.880.772.11
BrazilBOVESPA 1410771.4370.002.200.202.00
SwedenSTOCKHOLM 17121070.5983.332.080.082.00
PortugalLISBON 35241468.5758.332.330.381.96
AustraliaASX 75348527164.4155.882.931.081.84
FrancePARIS 91364840770.9762.812.420.581.84
USNYSE 63684393278368.9963.352.500.671.84
JapanTOKYO 1211791.6763.642.000.181.82
CanadaTSX 147696855465.5857.232.470.791.68
BangladeshDSE 96566.6783.331.830.171.67
UKLSE 1913129778167.8060.222.380.731.65
JapanNAGOYA 34211261.7657.142.570.951.62
NorwayOSE 1914773.6850.001.860.361.50
USWARRANTS 102120.0050.001.500.001.50
BelgiumBRUSSELS 93634067.7463.491.980.511.48
UAEUAE 148657.1475.001.380.001.38
GermanyXETRA 1654124975075.5760.001.960.641.33
ItalyBORSA 131193255371.4059.082.110.791.32
RussiaMICEX 157346.6742.861.710.431.29
PakistanKSE 84250.0050.001.750.501.25
ThailandSET 20141270.0085.711.140.001.14
SwitzerlandSIX 57640724670.6660.441.660.541.12
FOREXFOREX 2718966.6750.001.390.281.11
NetherlandsAMSTERDAM 31823514173.9060.001.670.561.11
MexicoBMV 1410771.4370.001.400.301.10
IndiaNSE 146542.8683.331.330.331.00
MalaysiaBURSA 1714882.3557.141.210.290.93
Austria WIENERBORSE 46311767.3954.841.420.550.87
Hong KongHKEX 127558.3371.431.000.140.86
UKLSE 1811761.1163.641.270.450.82
UAEUAE 32201062.5050.002.351.550.80
USPREFERRED 2391529263.6060.531.010.210.80
ArgentinaBUE 1713876.4761.540.920.150.77
Vietnam HOSE 114336.3675.001.000.250.75
South KoreaKOSDAQ 1510966.6790.000.700.000.70
DenmarkCOPENHAGEN 1410671.4360.000.800.100.70
ChinaSSE 106460.0066.670.830.170.67
IsraelTASE 2112857.1466.670.830.170.67
JordanASE 143221.4366.672.331.670.67
SingaporeSGX 125441.6780.000.800.200.60
USFOREX 1712970.5975.000.830.250.58
TaiwanGTSM 86275.0033.331.170.670.50
CanadaTSX 1711664.7154.550.910.450.45
NetherlandsAMSTERDAM 1813872.2261.540.540.150.38
ItalyBORSA 1813872.2261.540.540.150.38
FrancePARIS 1813872.2261.540.540.150.38
GermanyXETRA 1813872.2261.540.540.150.38
BelgiumBRUSSELS 1813872.2261.540.540.150.38
PhilippinesPSE 1912663.1650.000.500.170.33
Greece ATHENS 1712770.5958.330.500.170.33
Austria WIENERBORSE 1510666.6760.000.500.200.30
SwitzerlandSIX 65283.3340.000.400.200.20
PortugalLISBON 1712670.5950.000.420.250.17
Poland GPW 1812766.6758.330.420.250.17
SpainIBEX 1712670.5950.000.420.250.17
AustraliaASX 1612575.0041.670.500.420.08
ChileBCS 2015775.0046.670.330.270.07
JapanSAPPORO 221100.0050.001.001.000.00
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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