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.
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.
Pattern Performance in Stock Exchanges since 1/1/2020
Stock Exchange 
Per Trade 
Total Net% Descending
OmanMSM 74371.4360.005.600.605.00
TurkeyBIST 24171170.8364.713.590.353.24
TaiwanGTSM 25241496.0058.333.080.332.75
MalaysiaBURSA 35261574.2957.692.960.352.62
RussiaMICEX 36241166.6745.833.080.632.46
FOREXFOREX 38231260.5352.
JapanTOKYO 25181172.0061.111.780.171.61
ArgentinaBUE 27221581.4868.181.680.141.55
PakistanKSE 22141063.6471.431.790.291.50
BrazilBOVESPA 28201371.4365.001.600.351.25
SwedenSTOCKHOLM 53312358.4974.191.320.101.23
IndonesiaIDX 2014870.0057.141.430.211.21
BangladeshDSE 19121063.1683.331.330.171.17
MexicoBMV 55402372.7357.501.530.481.05
Vietnam HOSE 33181154.5561.
NorwayOSE 39281571.7953.571.250.320.93
Hong KongHKEX 30221273.3354.551.360.450.91
ThailandSET 52362469.2366.671.060.190.86
IsraelTASE 31201364.5265.
UAEUAE 37231662.1669.570.870.090.78
UKLSE 36241366.6754.170.960.290.67
South KoreaKOSDAQ 36231763.8973.910.780.130.65
USFOREX 40291772.5058.620.720.140.59
PhilippinesPSE 43271262.7944.440.700.150.56
IndiaNSE 39211253.8557.141.000.480.52
CanadaTSX 37261370.2750.000.920.460.46
SingaporeSGX 38251465.7956.000.640.200.44
SwitzerlandSIX 1916984.2156.250.750.310.44
DenmarkCOPENHAGEN 27201374.0765.000.650.250.40
NetherlandsAMSTERDAM 31231474.1960.870.700.300.39
ItalyBORSA 32231471.8860.870.700.300.39
BelgiumBRUSSELS 31231474.1960.870.700.300.39
FrancePARIS 32231471.8860.870.700.300.39
GermanyXETRA 32231471.8860.870.700.300.39
Poland GPW 32221168.7550.000.770.410.36
Austria WIENERBORSE 29201268.9760.000.700.350.35
PortugalLISBON 31231374.1956.520.700.350.35
Greece ATHENS 31231474.1960.870.650.300.35
Austria WIENERBORSE 2682267.541.
SpainIBEX 34241370.5954.170.580.330.25
ChileBCS 37281575.6853.570.570.360.21
AustraliaASX 39251064.1040.000.560.400.16
USAMEX 13822271.
ChinaSSE 2416766.6743.750.560.440.13
PortugalLISBON 332163.644.760.190.070.12
The World 96382153591466.111.430.060.010.05
Poland GPW 4421162.670.360.020.000.02
IsraelTASE 7802268.970.370.020.000.02
Hong KongHKEX 18152159.780.
NetherlandsAMSTERDAM 7242167.960.
PakistanKSE 3811160.370.430.010.000.01
IndiaBSE 35731162.360.
ChinaSSE 46651166.820.
BangladeshDSE 3391161.950.480.000.000.00
AustraliaASX 15772163.980.
JapanTOKYO 87004264.950.
IndiaNSE 29321162.590.
TurkeyBIST 6110066.
ThailandSET 4960057.860.
TaiwanGTSM 9000064.890.
TaiwanTWSE 15690064.
UKLSE 37670067.690.
USWARRANTS 380060.530.
USPREFERRED 4200064.760.
USOTC PINK 22980064.
USNYSE 111710069.620.
USNASDAQ 81290066.490.
Vietnam HOSE 3370060.
Vietnam HNX 660065.
SwedenSTOCKHOLM 10380064.450.
SingaporeSGX 1880061.700.
RussiaMICEX 2960053.720.
PhilippinesPSE 1450058.620.
Greece ATHENS 850058.820.
DenmarkCOPENHAGEN 1630053.370.
GermanyXETRA 40340066.440.
SpainIBEX 2270063.880.
ChileBCS 550060.
SwitzerlandSIX 8970068.
ChinaSZSE 60650067.900.
CanadaCSE 1540059.
CanadaTSX-V 3610056.510.
BelgiumBRUSSELS 1590062.
BrazilBOVESPA 10010065.
ArgentinaBUE 3260069.940.
UAEUAE 570054.390.
Saudi ArabiaTADAWUL 4070064.620.
QatarQE 570064.910.
EgyptEGX 3610064.
JordanASE 160037.500.
KuwaitKSE 680050.
MalaysiaBURSA 4330054.970.
MexicoBMV 4430064.790.
NorwayOSE 3250060.
JapanSAPPORO 221100.0050.
South KoreaKRX 23970065.540.
JapanNAGOYA 280053.570.
JapanFUKUOKA 50060.
ItalyBORSA 26510068.650.
IndonesiaIDX 3550047.890.
FrancePARIS 15731064.340.
CanadaTSX 24081066.
South KoreaKOSDAQ 25721062.
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


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