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 1/1/2016
Stock Exchange 
Per Trade 
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
MalaysiaBURSA 42250.00100.
BrazilBOVESPA 146442.8666.678.000.507.50
South KoreaKOSDAQ 38211155.2652.388.431.247.19
BangladeshDSE 332100.0066.676.670.336.33
QatarQE 21150.00100.
Austria WIENERBORSE 21150.00100.
Hong KongHKEX 2518972.0050.006.391.504.89
TaiwanGTSM 87387.5042.865.710.864.86
USAMEX 86375.0050.005.671.004.67
CanadaTSX 111100.00100.
MexicoBMV 554100.0080.
BelgiumBRUSSELS 222100.00100.
BrazilBOVESPA 31133.33100.
SingaporeSGX 21150.00100.
CanadaTSX 49342169.3961.763.500.622.88
Saudi ArabiaTADAWUL 19161084.2162.503.380.562.81
USOTC PINK 4322951.1640.915.913.142.77
South KoreaKRX 34221564.7168.183.140.412.73
IsraelTASE 1714882.3557.143.791.292.50
JapanTOKYO 222100.00100.002.500.002.50
ItalyBORSA 27161159.2668.752.810.312.50
IndiaNSE 77461959.7441.303.521.332.20
IndiaBSE 95633166.3249.213.841.782.06
RussiaMICEX 41125.00100.
SwitzerlandSIX 111100.00100.
Hong KongHKEX 222100.00100.
IndonesiaIDX 332100.0066.672.000.002.00
JapanTOKYO 1601095368.1348.623.321.491.83
AustraliaASX 2415862.5053.332.801.071.73
USNASDAQ 1771247070.6256.002.821.141.68
The World 1952131870567.5753.452.781.101.68
GermanyXETRA 56422475.0057.142.190.521.67
TaiwanTWSE 1911357.8927.273.181.551.64
USNYSE 2551729667.4555.812.010.871.15
UAEUAE 443100.0075.
EgyptEGX 96266.6733.332.831.831.00
MalaysiaBURSA 222100.00100.
UKLSE 222100.00100.
FrancePARIS 3220962.5045.001.450.600.85
USPREFERRED 1611668.7554.551.270.450.82
ChinaSSE 90623068.8948.392.001.350.65
TurkeyBIST 82225.00100.000.500.000.50
DenmarkCOPENHAGEN 221100.0050.001.000.500.50
SwitzerlandSIX 1512580.0041.670.920.500.42
ChinaSZSE 1541105071.4345.451.951.940.02
TurkeyBIST 21150.00100.
TaiwanGTSM 220100.
NorwayOSE 111100.00100.
NetherlandsAMSTERDAM 2000.
PakistanKSE 1000.
Poland GPW 221100.0050.
SwedenSTOCKHOLM 1510766.6770.000.800.800.00
PortugalLISBON 2000.
RussiaMICEX 118472.7350.000.630.630.00
UAEUAE 2000.
South KoreaKOSDAQ 31033.330.
KuwaitKSE 1000.
BangladeshDSE 1000.
BelgiumBRUSSELS 2000.
AustraliaASX 21050.
Austria WIENERBORSE 2000.
ItalyBORSA 2000.
Greece ATHENS 2000.
FrancePARIS 2000.
SpainIBEX 86275.0033.330.830.830.00
SpainIBEX 2000.
DenmarkCOPENHAGEN 110100.
GermanyXETRA 2000.
UKLSE 57391668.4241.030.850.95-0.10
SwedenSTOCKHOLM 43075.
ThailandSET 331100.0033.330.330.67-0.33
ChileBCS 32066.670.000.000.50-0.50
PhilippinesPSE 42050.
NorwayOSE 74157.1425.000.501.00-0.50
FOREXFOREX 331100.0033.330.331.00-0.67
SingaporeSGX 21050.
PortugalLISBON 110100.
IndiaNSE 31033.330.000.001.00-1.00
ChileBCS 110100.
NetherlandsAMSTERDAM 1410271.4320.000.301.50-1.20
IndonesiaIDX 220100.
JapanNAGOYA 110100.
ArgentinaBUE 21050.
Greece ATHENS 221100.0050.000.003.00-3.00
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


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