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 121603649.5960.0011.433.438.00
TurkeyBIST 48431622265.2970.258.410.737.68
KuwaitKSE 44201145.4555.006.451.355.10
ArgentinaBUE 129875167.4458.625.990.975.02
OmanMSM 74371.4360.005.600.605.00
Greece ATHENS 70452764.2960.005.760.934.82
South KoreaKOSDAQ 1965120472761.2760.385.841.074.78
Poland GPW 33521611064.4850.935.881.594.29
TaiwanGTSM 17161194.1268.754.560.384.19
IndonesiaIDX 2341237252.5658.544.960.983.98
EgyptEGX 40427315467.5756.415.341.403.95
Vietnam HNX 45271360.0048.155.631.783.85
ChileBCS 29181162.0761.114.500.673.83
PhilippinesPSE 138814258.7051.854.901.113.79
CanadaTSX-V 2761416651.0946.817.573.783.79
IsraelTASE 54937622768.4960.374.680.973.70
SwedenSTOCKHOLM 91858934364.1658.234.781.133.66
Hong KongHKEX 1710104056560.8254.334.801.223.58
IndiaNSE 26891736100364.6357.714.601.083.52
IndiaBSE 32642072117063.4856.474.741.243.50
SingaporeSGX 1761036258.5260.194.310.823.50
Saudi ArabiaTADAWUL 35325117071.1067.734.000.593.42
USNASDAQ 58463725221563.7959.404.541.183.36
TurkeyBIST 2115971.4360.003.730.403.33
SpainIBEX 2301468863.4860.274.140.923.22
MexicoBMV 31521911769.5253.424.150.963.19
MalaysiaBURSA 3291869356.5350.004.641.523.12
RussiaMICEX 31201064.5250.003.700.603.10
PakistanKSE 46530015764.5252.334.361.353.02
QatarQE 40231657.5069.573.430.433.00
ThailandSET 41426214663.2955.733.730.872.86
BrazilBOVESPA 55033719661.8257.653.841.002.84
MalaysiaBURSA 28231382.1456.523.170.352.83
Vietnam HOSE 27817110561.5161.403.640.912.74
USOTC PINK 2258146869965.3247.395.412.792.61
JapanTOKYO 76624942276464.5055.933.451.052.40
ChinaSZSE 43383051170470.3355.853.581.212.37
The World 78925528443001766.9956.773.361.022.34
TaiwanGTSM 72945924962.9654.253.250.972.29
USAMEX 76350328766.0656.943.160.962.19
TaiwanTWSE 122078144664.0257.113.020.842.18
South KoreaKRX 1897117465661.8955.882.930.852.08
DenmarkCOPENHAGEN 155935360.0056.992.830.812.02
RussiaMICEX 31719210360.5753.652.920.971.95
CanadaTSX 2075137977166.5155.872.810.861.95
Austria WIENERBORSE 106713866.9853.522.920.991.93
AustraliaASX 130285446865.6754.743.321.401.92
BangladeshDSE 33818710055.3353.483.231.441.79
UKLSE 30132132115870.7654.322.730.951.78
ChinaSSE 28461948103568.4553.132.881.101.78
USNYSE 84925869336769.1557.342.660.911.75
FrancePARIS 1445101257870.0357.112.380.721.66
BelgiumBRUSSELS 133864864.6655.812.270.631.64
NorwayOSE 2751779264.3651.983.341.801.55
PakistanKSE 21141066.6771.431.790.291.50
BrazilBOVESPA 25181272.0066.671.780.281.50
NetherlandsAMSTERDAM 58542225572.1460.432.050.581.47
JapanTOKYO 22161072.7362.501.500.131.38
MexicoBMV 45322171.1165.631.780.441.34
IndonesiaIDX 1713876.4761.541.540.231.31
GermanyXETRA 28622105118073.5556.062.020.731.29
ArgentinaBUE 23191282.6163.161.420.161.26
BangladeshDSE 16121075.0083.331.330.171.17
SwitzerlandSIX 82560233373.3355.041.840.691.15
SwedenSTOCKHOLM 43241755.8170.831.250.131.13
ItalyBORSA 2052149482872.8155.421.920.821.10
USPREFERRED 34725012872.0551.201.500.461.04
PortugalLISBON 34201258.8260.001.850.851.00
NorwayOSE 2620976.9245.001.350.400.95
UAEUAE 26171165.3864.711.060.120.94
IsraelTASE 27161059.2662.501.190.250.94
FOREXFOREX 32221168.7550.001.180.270.91
Hong KongHKEX 24181075.0055.561.390.500.89
USWARRANTS 106460.0066.671.831.000.83
JapanNAGOYA 31171054.8458.821.710.880.82
South KoreaKOSDAQ 31191561.2978.950.890.110.79
UKLSE 29191265.5263.161.000.320.68
Vietnam HOSE 2616961.5456.250.940.310.63
ThailandSET 37241664.8666.670.790.170.63
Poland GPW 25181072.0055.560.890.330.56
FrancePARIS 26201376.9265.000.700.150.55
GermanyXETRA 26201376.9265.000.700.150.55
BelgiumBRUSSELS 26201376.9265.000.700.150.55
NetherlandsAMSTERDAM 26201376.9265.000.700.150.55
ItalyBORSA 26201376.9265.000.700.150.55
Austria WIENERBORSE 23171173.9164.710.710.180.53
USFOREX 32231371.8856.520.700.170.52
Greece ATHENS 26201376.9265.000.650.150.50
SingaporeSGX 25151060.0066.670.730.270.47
IndiaNSE 3115948.3960.000.870.400.47
PortugalLISBON 25191176.0057.890.630.210.42
SwitzerlandSIX 1412885.7166.670.580.170.42
ChileBCS 30221373.3359.090.640.230.41
SpainIBEX 27201274.0760.000.600.200.40
ChinaSSE 2013765.0053.850.690.310.38
DenmarkCOPENHAGEN 23171173.9164.710.470.120.35
AustraliaASX 2717862.9647.060.650.350.29
CanadaTSX 31211067.7447.620.760.480.29
PhilippinesPSE 3422964.7140.910.410.180.23
JapanSAPPORO 221100.0050.001.001.000.00
UAEUAE 4621845.6538.100.861.90-1.05
JapanFUKUOKA 73242.8666.670.673.00-2.33
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.

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