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 1/1/2015
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
KuwaitKSE 111100.00100.0022.000.0022.00
Poland GPW 95555.56100.0013.600.0013.60
MalaysiaBURSA 61116.67100.0012.000.0012.00
USAMEX 117463.6457.1414.713.7111.00
TaiwanGTSM 139769.2377.7810.000.569.44
PakistanKSE 1612975.0075.009.750.679.08
USOTC PINK 50271654.0059.2610.411.568.85
South KoreaKRX 46312567.3980.659.000.328.68
TurkeyBIST 84350.0075.009.000.508.50
MexicoBMV 129875.0088.896.110.006.11
Hong KongHKEX 31191061.2952.637.681.686.00
QatarQE 21150.00100.006.000.006.00
BangladeshDSE 54380.0075.005.750.005.75
JapanTOKYO 111100.00100.004.000.004.00
CanadaTSX 111100.00100.004.000.004.00
IndiaBSE 120754262.5056.004.831.093.73
IndiaNSE 104633760.5858.734.440.713.73
Saudi ArabiaTADAWUL 1614987.5064.293.930.363.57
South KoreaKOSDAQ 52281853.8564.293.960.683.29
CanadaTSX 57382466.6763.163.660.453.21
ChinaSSE 108785272.2266.674.271.193.08
Vietnam HOSE 42250.00100.003.000.003.00
BrazilBOVESPA 31133.33100.003.000.003.00
GermanyXETRA 58361962.0752.783.390.532.86
USNASDAQ 2011318565.1764.893.650.822.82
BrazilBOVESPA 2313856.5261.543.380.622.77
The World 2298153391266.7559.453.510.922.58
CanadaTSX-V 86575.0083.333.330.832.50
ChinaSZSE 1811227567.4061.484.111.652.47
IsraelTASE 1814977.7864.292.930.572.36
TaiwanTWSE 2015875.0053.333.331.002.33
Greece ATHENS 442100.0050.003.751.502.25
JapanTOKYO 1751287473.1457.813.181.122.06
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
JapanFUKUOKA 111100.00100.002.000.002.00
USNYSE 32621912667.4857.272.650.701.94
SwitzerlandSIX 1816988.8956.252.250.311.94
BelgiumBRUSSELS 443100.0075.002.000.501.50
ItalyBORSA 33221066.6745.452.140.771.36
AustraliaASX 2313656.5246.152.771.541.23
UKLSE 222100.00100.001.000.001.00
USPREFERRED 1610662.5060.001.000.001.00
MalaysiaBURSA 222100.00100.001.000.001.00
UAEUAE 443100.0075.001.000.001.00
DenmarkCOPENHAGEN 221100.0050.001.500.501.00
ChileBCS 111100.00100.001.000.001.00
SwedenSTOCKHOLM 1710858.8280.001.300.500.80
TurkeyBIST 21150.00100.000.000.000.00
ThailandSET 1000.000.000.000.000.00
TaiwanGTSM 220100.000.000.000.000.00
UKLSE 69512473.9147.061.351.350.00
BangladeshDSE 1000.000.000.000.000.00
BelgiumBRUSSELS 2000.000.000.000.000.00
Austria WIENERBORSE 2000.000.000.000.000.00
Austria WIENERBORSE 2000.000.000.000.000.00
ArgentinaBUE 1000.000.000.000.000.00
AustraliaASX 21050.000.000.000.000.00
Greece ATHENS 2000.000.000.000.000.00
GermanyXETRA 2000.000.000.000.000.00
FrancePARIS 2000.000.000.000.000.00
SpainIBEX 73242.8666.670.670.670.00
SpainIBEX 2000.000.000.000.000.00
DenmarkCOPENHAGEN 110100.000.000.000.000.00
ItalyBORSA 2000.000.000.000.000.00
South KoreaKOSDAQ 31033.330.000.000.000.00
UAEUAE 1000.000.000.000.000.00
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
SwedenSTOCKHOLM 32066.670.000.000.000.00
RussiaMICEX 1613681.2546.151.381.380.00
SingaporeSGX 1000.000.000.000.000.00
FrancePARIS 32201062.5050.000.600.70-0.10
EgyptEGX 74257.1450.003.253.50-0.25
ThailandSET 331100.0033.330.330.67-0.33
FOREXFOREX 332100.0066.670.671.00-0.33
NorwayOSE 63150.0033.330.671.00-0.33
NetherlandsAMSTERDAM 2013365.0023.080.541.00-0.46
ChileBCS 32066.670.000.000.50-0.50
PhilippinesPSE 42050.000.000.000.50-0.50
SingaporeSGX 21050.000.000.001.00-1.00
PortugalLISBON 110100.000.000.001.00-1.00
IndiaNSE 31033.330.000.001.00-1.00
IndonesiaIDX 32066.670.000.001.00-1.00
JapanNAGOYA 110100.000.000.002.00-2.00
USWARRANTS 110100.000.000.004.00-4.00
Vietnam HNX 52040.000.000.005.50-5.50
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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