BULLISH MORNING DOJI 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 DOJI STAR
Definition
This is a three candlestick pattern signaling a major bottom reversal. It is composed of a black candlestick followed by a Doji, which characteristically gaps down to form a Doji Star. Then, we have a third white candlestick whose closing is well into the first session’s black real body. This is a distinctive 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 Doji 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 Doji Star starts with a black candlestick and it should continue with a doji that causes a gap opening lower than the close of the first day. The third day of the pattern is a white candlestick, which has the same or higher opening price with the Doji, 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 already established, and the black candlestick confirms the continuation of the downtrend. The appearance of the Doji that causes a gap indicates that bears are still pushing down the price. However, this tight price action between the open and the close shows indecision as well. On the third day, the body of the candlestick is above the previous day, trying to cover some of the ground from the down day. A significant trend reversal 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
KuwaitKSE 32166.6750.0020.001.5018.50
TurkeyBIST 2213959.0969.2315.850.4615.38
Poland GPW 998100.0088.8912.221.0011.22
CanadaCSE 331100.0033.3326.6716.6710.00
USAMEX 29191465.5273.689.580.219.37
MalaysiaBURSA 92222.22100.008.000.008.00
PhilippinesPSE 43375.00100.008.000.008.00
QatarQE 31133.33100.006.000.006.00
EgyptEGX 1911557.8945.457.091.455.64
CanadaTSX-V 127558.3371.438.142.575.57
PakistanKSE 22181181.8261.116.171.005.17
ArgentinaBUE 106460.0066.676.001.005.00
South KoreaKOSDAQ 64421965.6345.246.311.574.74
TaiwanGTSM 1110590.9150.005.600.904.70
BangladeshDSE 86475.0066.675.000.334.67
IndiaBSE 144944965.2852.135.401.503.90
CanadaTSX 85603670.5960.004.730.973.77
Vietnam HOSE 87487.5057.144.431.003.43
BelgiumBRUSSELS 65583.33100.003.400.003.40
BrazilBOVESPA 38211455.2666.673.810.483.33
SwedenSTOCKHOLM 37281775.6860.714.641.323.32
Austria WIENERBORSE 43275.0066.673.330.333.00
BangladeshDSE 32266.67100.003.000.003.00
BrazilBOVESPA 31133.33100.003.000.003.00
SingaporeSGX 21150.00100.003.000.003.00
Saudi ArabiaTADAWUL 22181181.8261.113.610.672.94
South KoreaKRX 60382663.3368.423.260.632.63
CanadaTSX 222100.00100.002.500.002.50
USNASDAQ 32521512066.1555.813.401.022.38
JapanTOKYO 333100.00100.002.330.002.33
IndiaNSE 128713156.2543.063.331.222.11
SwitzerlandSIX 111100.00100.002.000.002.00
IndonesiaIDX 332100.0066.672.000.002.00
Hong KongHKEX 222100.00100.002.000.002.00
ItalyBORSA 61392363.9358.972.440.461.97
The World 37512572138068.6253.612.991.101.89
JapanTOKYO 30520810668.2050.963.021.241.78
GermanyXETRA 1351005574.0755.002.390.631.76
TaiwanTWSE 3017556.6729.413.351.651.71
RussiaMICEX 63250.0066.671.670.001.67
FrancePARIS 54391972.2248.722.360.741.62
USNYSE 44531919171.6959.872.310.751.56
Hong KongHKEX 46321669.5750.002.941.411.53
MexicoBMV 1410671.4360.002.501.201.30
ChinaSSE 1661156369.2854.782.621.341.28
IsraelTASE 30221373.3359.092.861.591.27
ChinaSZSE 2911999468.3847.242.591.571.03
Vietnam HOSE 111100.00100.001.000.001.00
UKLSE 222100.00100.001.000.001.00
UAEUAE 21150.00100.001.000.001.00
PakistanKSE 21150.00100.001.000.001.00
UAEUAE 443100.0075.001.000.001.00
USPREFERRED 21171080.9558.821.350.470.88
SwitzerlandSIX 23181178.2661.111.060.330.72
PortugalLISBON 221100.0050.001.000.500.50
DenmarkCOPENHAGEN 52140.0050.001.000.500.50
USOTC PINK 96642266.6734.384.754.310.44
UKLSE 100652865.0043.081.461.050.42
MalaysiaBURSA 65383.3360.000.400.000.40
AustraliaASX 42271364.2948.152.041.700.33
Poland GPW 442100.0050.000.250.000.25
RussiaMICEX 2717866.6744.440.890.670.22
FrancePARIS 2000.000.000.000.000.00
GermanyXETRA 2000.000.000.000.000.00
SpainIBEX 2000.000.000.000.000.00
DenmarkCOPENHAGEN 110100.000.000.000.000.00
BelgiumBRUSSELS 2000.000.000.000.000.00
Austria WIENERBORSE 2000.000.000.000.000.00
AustraliaASX 21050.000.000.000.000.00
Greece ATHENS 2000.000.000.000.000.00
ItalyBORSA 2000.000.000.000.000.00
South KoreaKOSDAQ 31033.330.000.000.000.00
NorwayOSE 111100.00100.000.000.000.00
NetherlandsAMSTERDAM 2000.000.000.000.000.00
PortugalLISBON 2000.000.000.000.000.00
TurkeyBIST 21150.00100.000.000.000.00
TaiwanGTSM 331100.0033.330.000.000.00
SwedenSTOCKHOLM 64166.6725.000.250.250.00
ThailandSET 331100.0033.330.330.67-0.33
PhilippinesPSE 53060.000.000.000.33-0.33
SpainIBEX 118272.7325.000.631.00-0.38
NorwayOSE 95255.5640.000.400.80-0.40
ChileBCS 32066.670.000.000.50-0.50
IndiaNSE 42150.0050.000.000.50-0.50
IsraelTASE 220100.000.000.000.50-0.50
FOREXFOREX 331100.0033.330.331.00-0.67
NetherlandsAMSTERDAM 2821575.0023.810.431.14-0.71
Vietnam HNX 32166.6750.002.003.00-1.00
SingaporeSGX 21050.000.000.001.00-1.00
ChileBCS 110100.000.000.001.00-1.00
IndonesiaIDX 220100.000.000.001.50-1.50
JapanNAGOYA 110100.000.000.002.00-2.00
Greece ATHENS 86175.0016.670.002.17-2.17
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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