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 1810855.5680.0014.300.1014.20
Poland GPW 998100.0088.8912.221.0011.22
CanadaCSE 331100.0033.3326.6716.3310.33
USAMEX 27171262.9670.599.590.249.35
PhilippinesPSE 43375.00100.008.000.008.00
MalaysiaBURSA 92222.22100.008.000.008.00
ArgentinaBUE 84350.0075.008.250.507.75
CanadaTSX-V 106460.0066.679.333.006.33
QatarQE 21150.00100.006.000.006.00
EgyptEGX 169456.2544.446.781.225.56
BangladeshDSE 553100.0060.005.800.405.40
South KoreaKOSDAQ 61401865.5745.006.601.605.00
PakistanKSE 19161084.2162.505.631.134.50
SwedenSTOCKHOLM 36281877.7864.295.361.254.11
CanadaTSX 111100.00100.004.000.004.00
CanadaTSX 80563470.0060.714.820.983.84
BrazilBOVESPA 31161051.6162.504.380.563.81
Vietnam HOSE 76385.7150.004.831.173.67
TaiwanGTSM 109490.0044.444.671.003.67
Hong KongHKEX 41281468.2950.004.891.363.54
BelgiumBRUSSELS 65583.33100.003.400.003.40
IndiaBSE 134874364.9349.434.641.633.01
SingaporeSGX 21150.00100.003.000.003.00
BrazilBOVESPA 31133.33100.003.000.003.00
BangladeshDSE 32266.67100.003.000.003.00
Saudi ArabiaTADAWUL 22181081.8255.563.500.672.83
South KoreaKRX 55342361.8267.653.000.352.65
USNASDAQ 30019711365.6757.363.471.012.46
JapanTOKYO 333100.00100.002.330.002.33
ItalyBORSA 55352063.6457.142.540.432.11
IndiaNSE 120713059.1742.253.281.252.03
Hong KongHKEX 222100.00100.002.000.002.00
IndonesiaIDX 332100.0066.672.000.002.00
Austria WIENERBORSE 21150.00100.002.000.002.00
SwitzerlandSIX 111100.00100.002.000.002.00
JapanTOKYO 28919910468.8652.263.181.251.93
The World 34652369127268.3753.692.981.111.87
RussiaMICEX 63250.0066.671.670.001.67
USNYSE 39928117070.4360.502.360.741.62
MexicoBMV 108580.0062.502.250.881.38
ChinaSSE 1571075968.1555.142.691.341.36
FrancePARIS 54381970.3750.002.030.741.29
GermanyXETRA 121874471.9050.571.940.711.23
IsraelTASE 26201176.9255.002.851.751.10
USPREFERRED 22161072.7362.501.440.381.06
UAEUAE 31133.33100.001.000.001.00
UAEUAE 443100.0075.001.000.001.00
PakistanKSE 21150.00100.001.000.001.00
UKLSE 222100.00100.001.000.001.00
Vietnam HOSE 111100.00100.001.000.001.00
USOTC PINK 81551967.9034.555.454.670.78
SwitzerlandSIX 22171077.2758.821.120.350.76
ChinaSZSE 2661828668.4247.252.311.590.72
PortugalLISBON 221100.0050.001.000.500.50
MalaysiaBURSA 54280.0050.000.500.000.50
DenmarkCOPENHAGEN 42150.0050.001.000.500.50
TaiwanTWSE 2815353.5720.002.331.870.47
UKLSE 93612565.5940.981.381.020.36
Poland GPW 442100.0050.000.250.000.25
RussiaMICEX 2113761.9053.850.690.620.08
AustraliaASX 38241163.1645.831.961.920.04
TurkeyBIST 21150.00100.000.000.000.00
TaiwanGTSM 331100.0033.330.000.000.00
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
SwedenSTOCKHOLM 64166.6725.000.250.250.00
Greece ATHENS 2000.000.000.000.000.00
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
PhilippinesPSE 53060.000.000.000.33-0.33
ThailandSET 331100.0033.330.330.67-0.33
SpainIBEX 118272.7325.000.631.00-0.38
NorwayOSE 85262.5040.000.400.80-0.40
IsraelTASE 220100.000.000.000.50-0.50
ChileBCS 32066.670.000.000.50-0.50
IndiaNSE 42150.0050.000.000.50-0.50
FOREXFOREX 331100.0033.330.331.00-0.67
NetherlandsAMSTERDAM 2518472.0022.220.441.28-0.83
Vietnam HNX 32166.6750.002.003.00-1.00
SingaporeSGX 31033.330.000.001.00-1.00
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 65183.3320.000.002.00-2.00
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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