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 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.
Pattern Performance in Stock Exchanges since 1/1/2020
Stock Exchange 
Per Trade 
Total Net% Descending
ArgentinaBUE 111100.00100.0012.000.0012.00
TurkeyBIST 32266.67100.004.500.004.50
SingaporeSGX 21150.00100.
CanadaTSX 222100.00100.002.500.002.50
JapanTOKYO 54480.00100.
IndonesiaIDX 443100.0075.001.750.001.75
Vietnam HOSE 91188.8912.501.690.001.69
BangladeshDSE 43275.0066.672.000.331.67
DenmarkCOPENHAGEN 221100.0050.001.500.001.50
Hong KongHKEX 332100.0066.671.330.001.33
UKLSE 32266.67100.
UAEUAE 443100.0075.
PakistanKSE 21150.00100.
BrazilBOVESPA 42150.0050.001.500.501.00
SwitzerlandSIX 221100.0050.001.000.500.50
RussiaMICEX 74257.1450.001.250.750.50
Poland GPW 442100.0050.
AustraliaASX 54280.0050.000.500.250.25
SwedenSTOCKHOLM 75271.4340.000.400.200.20
MalaysiaBURSA 76385.7150.000.330.170.17
USPREFERRED 231186.965.
The World 39381065967.572.
IndiaNSE 1481157.431.
USOTC PINK 780060.
USNYSE 4520072.570.
USNASDAQ 3680066.850.
USAMEX 450064.440.
UKLSE 1120065.
ThailandSET 442100.0050.000.500.500.00
SingaporeSGX 1000.
Vietnam HOSE 221100.0050.000.500.500.00
Greece ATHENS 2000.
Greece ATHENS 90066.670.
FrancePARIS 670076.
FrancePARIS 2000.
SpainIBEX 100070.
SpainIBEX 2000.
IndonesiaIDX 30066.670.
Hong KongHKEX 460069.570.
DenmarkCOPENHAGEN 80037.500.
GermanyXETRA 1930075.
GermanyXETRA 2000.
ChinaSZSE 2670065.540.
ChinaSSE 2090064.
ChileBCS 40075.
SwitzerlandSIX 330069.700.
BrazilBOVESPA 490077.550.
BelgiumBRUSSELS 2000.
BelgiumBRUSSELS 80062.500.
CanadaTSX 800070.
CanadaCSE 70042.860.
CanadaTSX-V 70042.860.
AustraliaASX 390056.410.
Austria WIENERBORSE 110063.640.
Austria WIENERBORSE 2000.
ArgentinaBUE 160068.750.
BangladeshDSE 120050.
PakistanKSE 210080.950.
PortugalLISBON 100100.
PortugalLISBON 2000.
Poland GPW 170082.350.
TaiwanGTSM 180083.330.
TaiwanTWSE 280071.430.
TaiwanGTSM 43175.0033.330.000.000.00
TurkeyBIST 210066.670.
RussiaMICEX 300056.670.
SwedenSTOCKHOLM 390066.670.
MalaysiaBURSA 100050.
MexicoBMV 200060.
UAEUAE 200100.
Saudi ArabiaTADAWUL 120075.
QatarQE 40050.
KuwaitKSE 500100.
PhilippinesPSE 30066.670.
PhilippinesPSE 64166.6725.
NorwayOSE 110063.640.
NorwayOSE 221100.0050.
NetherlandsAMSTERDAM 2000.
NetherlandsAMSTERDAM 300080.
EgyptEGX 140035.710.
South KoreaKOSDAQ 760064.470.
South KoreaKRX 710060.560.
South KoreaKOSDAQ 31033.330.
IndiaBSE 1670057.490.
IsraelTASE 390069.
ItalyBORSA 810071.600.
ItalyBORSA 2000.
JapanTOKYO 3251068.310.000.000.01-0.01
IndiaNSE 42150.0050.000.000.50-0.50
ChileBCS 42050.
IsraelTASE 220100.
FOREXFOREX 441100.0025.000.251.00-0.75
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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