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 1/1/2016
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
Poland GPW 555100.00100.0013.200.0013.20
Vietnam HOSE 32166.6750.0013.502.5011.00
PhilippinesPSE 222100.00100.0011.000.0011.00
PakistanKSE 129675.0066.6711.671.2210.44
CanadaTSX-V 65483.3380.0011.201.2010.00
BrazilBOVESPA 157546.6771.438.710.438.29
MalaysiaBURSA 52240.00100.008.000.008.00
South KoreaKOSDAQ 39221256.4154.558.821.007.82
BangladeshDSE 332100.0066.676.670.336.33
QatarQE 21150.00100.006.000.006.00
Austria WIENERBORSE 21150.00100.005.000.005.00
TaiwanGTSM 87387.5042.865.710.864.86
Hong KongHKEX 30231276.6752.175.391.304.09
CanadaTSX 111100.00100.004.000.004.00
USAMEX 138561.5462.504.250.753.50
SingaporeSGX 21150.00100.003.000.003.00
BelgiumBRUSSELS 222100.00100.003.000.003.00
BangladeshDSE 32266.67100.003.000.003.00
BrazilBOVESPA 31133.33100.003.000.003.00
CanadaTSX 55392370.9158.973.280.742.54
JapanTOKYO 222100.00100.002.500.002.50
MexicoBMV 664100.0066.672.670.172.50
South KoreaKRX 38241663.1666.672.880.422.46
Saudi ArabiaTADAWUL 21181085.7155.563.000.672.33
IndiaNSE 85492157.6542.863.491.242.24
ItalyBORSA 30191363.3368.422.470.262.21
SwitzerlandSIX 111100.00100.002.000.002.00
Hong KongHKEX 222100.00100.002.000.002.00
IndonesiaIDX 332100.0066.672.000.002.00
RussiaMICEX 41125.00100.002.000.002.00
IndiaBSE 100643064.0046.883.691.781.91
USNASDAQ 2131447868.0853.792.901.181.72
JapanTOKYO 1791215867.6047.933.021.451.57
The World 2184146276966.9952.562.701.131.56
IsraelTASE 1916984.2156.253.562.001.56
GermanyXETRA 62482877.4258.332.000.481.52
TaiwanTWSE 2012360.0025.002.921.501.42
AustraliaASX 2716859.2650.002.631.251.38
USNYSE 29419310965.6556.482.030.871.17
USPREFERRED 1812766.6758.331.500.421.08
MalaysiaBURSA 222100.00100.001.000.001.00
UAEUAE 443100.0075.001.000.001.00
EgyptEGX 96266.6733.332.831.831.00
UKLSE 222100.00100.001.000.001.00
ChinaSSE 105713567.6249.302.311.340.97
SwedenSTOCKHOLM 1712870.5966.671.580.830.75
FrancePARIS 3220962.5045.001.350.600.75
DenmarkCOPENHAGEN 221100.0050.001.000.500.50
SwitzerlandSIX 1612575.0041.670.920.500.42
USOTC PINK 5133964.7127.274.364.210.15
ChinaSZSE 1781245669.6645.161.931.850.08
KuwaitKSE 1000.000.000.000.000.00
UAEUAE 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
PakistanKSE 1000.000.000.000.000.00
PortugalLISBON 2000.000.000.000.000.00
Poland GPW 221100.0050.000.000.000.00
TaiwanGTSM 220100.000.000.000.000.00
TurkeyBIST 114236.3650.000.250.250.00
TurkeyBIST 21150.00100.000.000.000.00
RussiaMICEX 128466.6750.000.630.630.00
BelgiumBRUSSELS 2000.000.000.000.000.00
AustraliaASX 21050.000.000.000.000.00
Austria WIENERBORSE 2000.000.000.000.000.00
Greece ATHENS 2000.000.000.000.000.00
ItalyBORSA 2000.000.000.000.000.00
FrancePARIS 2000.000.000.000.000.00
SpainIBEX 96266.6733.330.830.830.00
SpainIBEX 2000.000.000.000.000.00
DenmarkCOPENHAGEN 110100.000.000.000.000.00
GermanyXETRA 2000.000.000.000.000.00
UKLSE 63411665.0839.020.780.95-0.17
PhilippinesPSE 53060.000.000.000.33-0.33
SwedenSTOCKHOLM 43075.000.000.000.33-0.33
ThailandSET 331100.0033.330.330.67-0.33
ChileBCS 32066.670.000.000.50-0.50
NorwayOSE 74157.1425.000.501.00-0.50
FOREXFOREX 331100.0033.330.331.00-0.67
SingaporeSGX 21050.000.000.001.00-1.00
PortugalLISBON 110100.000.000.001.00-1.00
IndiaNSE 31033.330.000.001.00-1.00
ChileBCS 110100.000.000.001.00-1.00
NetherlandsAMSTERDAM 1410271.4320.000.301.50-1.20
IndonesiaIDX 220100.000.000.001.50-1.50
JapanNAGOYA 110100.000.000.002.00-2.00
ArgentinaBUE 21050.000.000.002.00-2.00
Greece ATHENS 331100.0033.330.002.00-2.00
Vietnam HNX 31033.330.000.006.00-6.00
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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