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 1/1/2014
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
CanadaCSE 95355.5660.0020.203.8016.40
Greece ATHENS 35251871.4372.009.641.008.64
OmanMSM 54480.00100.007.250.007.25
ArgentinaBUE 35191254.2963.166.890.586.32
EgyptEGX 1561136872.4460.187.270.996.28
Vietnam HNX 27191370.3768.427.211.006.21
KuwaitKSE 156240.0033.338.332.675.67
NorwayOSE 146976066.4461.866.931.415.52
ChinaSSE 113684061373.9472.986.200.825.38
ChinaSZSE 1692122089172.1073.036.080.865.22
IndiaBSE 1620101870262.8468.965.980.785.20
South KoreaKOSDAQ 98559839560.8165.946.080.995.09
JapanFUKUOKA 222100.00100.005.000.005.00
IndiaNSE 129781655362.9167.775.210.664.55
ChileBCS 43275.0066.674.330.334.00
Hong KongHKEX 95258735761.6660.824.950.993.95
Vietnam HOSE 122704657.3865.714.530.643.89
TurkeyBIST 1781237369.1059.354.540.673.87
PakistanKSE 2611588760.5455.065.161.393.77
RussiaMICEX 139966369.0665.634.400.813.58
JordanASE 102220.00100.003.500.003.50
ThailandSET 27617410063.0457.474.270.773.50
SwedenSTOCKHOLM 15121180.0091.673.580.083.50
MexicoBMV 1441016170.1460.404.120.813.31
Saudi ArabiaTADAWUL 1971328467.0163.643.830.533.30
BrazilBOVESPA 2211439164.7163.644.080.843.24
IndonesiaIDX 89534059.5575.473.790.623.17
JapanTOKYO 35022303144265.7662.613.890.773.12
MalaysiaBURSA 1811186965.1958.473.860.982.88
The World 39539267501699567.6963.503.530.782.75
IsraelTASE 22915810369.0065.193.550.872.68
South KoreaKRX 100464240664.0463.143.370.692.67
BangladeshDSE 43375.00100.002.670.002.67
BangladeshDSE 151945162.2554.263.560.912.65
CanadaTSX-V 107492445.7948.984.902.292.61
SpainIBEX 122805365.5766.253.390.792.60
USOTC PINK 100266536466.3754.744.682.122.56
JapanTOKYO 86475.0066.672.670.172.50
USNASDAQ 46013157200168.6463.363.170.842.34
SingaporeSGX 112523246.4361.542.830.502.33
SwedenSTOCKHOLM 37723213661.5458.623.391.062.32
Poland GPW 1651065865.4553.703.160.882.28
DenmarkCOPENHAGEN 99594059.6067.802.850.612.24
IndonesiaIDX 75571.43100.002.200.002.20
TaiwanGTSM 36721212157.7757.083.130.942.18
TaiwanTWSE 55635019662.9556.002.860.692.17
USAMEX 32021813468.1361.472.950.802.15
QatarQE 169556.2555.562.440.332.11
PhilippinesPSE 51281860.7858.062.810.712.10
PortugalLISBON 29191265.5263.162.420.422.00
CanadaTSX 122179846565.3658.272.810.822.00
FrancePARIS 62745428072.4161.672.550.601.94
NorwayOSE 1914773.6850.002.210.361.86
USNYSE 51893631229870.0163.252.550.701.85
UKLSE 140494258167.0961.682.550.701.84
JapanNAGOYA 24181075.0055.562.831.111.72
UAEUAE 25171068.0058.822.761.061.71
AustraliaASX 56035319263.0454.392.811.111.70
ChinaSSE 115445.4580.001.800.201.60
FOREXFOREX 1812666.6750.001.830.251.58
ItalyBORSA 94268039472.1957.942.390.881.50
USWARRANTS 62133.3350.001.500.001.50
BelgiumBRUSSELS 66482972.7360.422.020.521.50
GermanyXETRA 118989854175.6960.112.050.631.41
ThailandSET 1510966.6790.001.400.001.40
MalaysiaBURSA 18161088.8962.501.560.191.38
UKLSE 137453.8557.141.860.571.29
DenmarkCOPENHAGEN 1411778.5763.641.360.091.27
BrazilBOVESPA 1913668.4246.151.620.381.23
MexicoBMV 75371.4360.001.600.401.20
UAEUAE 1510866.6780.001.200.001.20
NetherlandsAMSTERDAM 2261729976.1157.561.850.671.18
CanadaTSX 116454.5566.671.500.331.17
South KoreaKOSDAQ 1410971.4390.001.100.001.10
Austria WIENERBORSE 38251465.7956.001.520.481.04
SwitzerlandSIX 43530817970.8058.121.580.571.01
RussiaMICEX 168250.0025.001.500.501.00
PakistanKSE 62133.3350.001.000.001.00
IsraelTASE 146642.86100.001.000.001.00
ArgentinaBUE 1310776.9270.001.100.101.00
AustraliaASX 1813672.2246.151.310.380.92
IndiaNSE 145435.7180.001.200.400.80
USPREFERRED 1861258567.2068.001.070.310.76
FrancePARIS 1612975.0075.000.830.080.75
GermanyXETRA 1612975.0075.000.830.080.75
BelgiumBRUSSELS 1612975.0075.000.830.080.75
NetherlandsAMSTERDAM 1612975.0075.000.830.080.75
ItalyBORSA 1612975.0075.000.830.080.75
SingaporeSGX 84350.0075.001.000.250.75
Austria WIENERBORSE 1410771.4370.000.800.100.70
Greece ATHENS 1612875.0066.670.750.080.67
PhilippinesPSE 1510666.6760.000.700.100.60
Hong KongHKEX 85362.5060.000.800.200.60
USFOREX 1512980.0075.000.830.250.58
TurkeyBIST 117463.6457.141.000.430.57
SpainIBEX 1612775.0058.330.670.170.50
Vietnam HOSE 82225.00100.000.500.000.50
PortugalLISBON 1612775.0058.330.670.170.50
Poland GPW 159660.0066.670.670.220.44
TaiwanGTSM 1512580.0041.670.670.500.17
JapanSAPPORO 221100.0050.001.001.000.00
ChileBCS 1411578.5745.450.270.270.00
SwitzerlandSIX 86275.0033.330.331.00-0.67
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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