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 1/1/2020
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
ArgentinaBUE 111100.00100.0012.000.0012.00
TurkeyBIST 32266.67100.004.500.004.50
SingaporeSGX 21150.00100.003.000.003.00
CanadaTSX 222100.00100.002.500.002.50
JapanTOKYO 43375.00100.002.330.002.33
IndonesiaIDX 443100.0075.001.750.001.75
RussiaMICEX 63250.0066.671.670.001.67
BangladeshDSE 43275.0066.672.000.331.67
DenmarkCOPENHAGEN 221100.0050.001.500.001.50
Hong KongHKEX 332100.0066.671.330.001.33
Vietnam HOSE 111100.00100.001.000.001.00
UKLSE 32266.67100.001.000.001.00
UAEUAE 443100.0075.001.000.001.00
PakistanKSE 21150.00100.001.000.001.00
BrazilBOVESPA 42150.0050.001.500.501.00
SwitzerlandSIX 221100.0050.001.000.500.50
MalaysiaBURSA 65383.3360.000.400.000.40
Poland GPW 442100.0050.000.250.000.25
SwedenSTOCKHOLM 75271.4340.000.400.200.20
USPREFERRED 231186.965.000.070.000.07
The World 3679995567.222.220.060.020.03
IndiaNSE 1291156.591.370.010.000.01
USOTC PINK 690057.970.000.000.000.00
USNYSE 4230073.050.000.000.000.00
USNASDAQ 3490066.480.000.000.000.00
USAMEX 430067.440.000.000.000.00
UKLSE 1040064.420.000.000.000.00
Vietnam HOSE 700100.000.000.000.000.00
USWARRANTS 100100.000.000.000.000.00
DenmarkCOPENHAGEN 80037.500.000.000.000.00
GermanyXETRA 1710074.270.000.000.000.00
GermanyXETRA 2000.000.000.000.000.00
ChinaSZSE 2490065.860.000.000.000.00
ChinaSSE 1950063.080.000.000.000.00
Greece ATHENS 2000.000.000.000.000.00
Greece ATHENS 90066.670.000.000.000.00
FrancePARIS 620074.190.000.000.000.00
FrancePARIS 2000.000.000.000.000.00
SpainIBEX 100070.000.000.000.000.00
SpainIBEX 2000.000.000.000.000.00
IndiaBSE 1550056.770.000.000.000.00
IsraelTASE 340070.590.000.000.000.00
IndonesiaIDX 20050.000.000.000.000.00
CanadaTSX 730071.230.000.000.000.00
Hong KongHKEX 450071.110.000.000.000.00
BangladeshDSE 110054.550.000.000.000.00
AustraliaASX 43175.0033.330.330.330.00
AustraliaASX 380060.530.000.000.000.00
Austria WIENERBORSE 70071.430.000.000.000.00
Austria WIENERBORSE 2000.000.000.000.000.00
BrazilBOVESPA 460076.090.000.000.000.00
BelgiumBRUSSELS 2000.000.000.000.000.00
BelgiumBRUSSELS 70057.140.000.000.000.00
ArgentinaBUE 150066.670.000.000.000.00
CanadaCSE 60050.000.000.000.000.00
CanadaTSX-V 60033.330.000.000.000.00
ChileBCS 40075.000.000.000.000.00
SwitzerlandSIX 310067.740.000.000.000.00
RussiaMICEX 270059.260.000.000.000.00
PakistanKSE 200080.000.000.000.000.00
PortugalLISBON 100100.000.000.000.000.00
PortugalLISBON 2000.000.000.000.000.00
Poland GPW 150080.000.000.000.000.00
TaiwanGTSM 160081.250.000.000.000.00
TaiwanTWSE 240066.670.000.000.000.00
TaiwanGTSM 43175.0033.330.000.000.00
TurkeyBIST 190068.420.000.000.000.00
ThailandSET 442100.0050.000.500.500.00
SingaporeSGX 1000.000.000.000.000.00
SwedenSTOCKHOLM 390064.100.000.000.000.00
MalaysiaBURSA 100050.000.000.000.000.00
MexicoBMV 200065.000.000.000.000.00
UAEUAE 100100.000.000.000.000.00
Saudi ArabiaTADAWUL 110072.730.000.000.000.00
QatarQE 40050.000.000.000.000.00
KuwaitKSE 500100.000.000.000.000.00
PhilippinesPSE 20050.000.000.000.000.00
PhilippinesPSE 64166.6725.000.250.250.00
NorwayOSE 110063.640.000.000.000.00
NorwayOSE 221100.0050.000.000.000.00
NetherlandsAMSTERDAM 2000.000.000.000.000.00
NetherlandsAMSTERDAM 250076.000.000.000.000.00
EgyptEGX 130038.460.000.000.000.00
South KoreaKOSDAQ 730063.010.000.000.000.00
South KoreaKRX 650060.000.000.000.000.00
South KoreaKOSDAQ 31033.330.000.000.000.00
ItalyBORSA 730068.490.000.000.000.00
ItalyBORSA 2000.000.000.000.000.00
JapanTOKYO 3101067.100.000.000.01-0.01
ChileBCS 32066.670.000.000.50-0.50
IsraelTASE 220100.000.000.000.50-0.50
IndiaNSE 42150.0050.000.000.50-0.50
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

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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