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 1/1/2021
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
CanadaTSX-V 73342.86100.0023.960.0023.96
TurkeyBIST 27201374.0765.0015.311.0914.21
ArgentinaBUE 111100.00100.0012.000.0012.00
Poland GPW 1614887.5057.1412.762.1610.61
BangladeshDSE 179652.9466.676.670.516.16
KuwaitKSE 551100.0020.007.941.866.08
QatarQE 21150.00100.005.970.005.97
ArgentinaBUE 19141078.9566.677.221.615.61
Vietnam HOSE 128666.6775.005.690.245.45
TaiwanGTSM 1914773.6850.005.990.645.35
CanadaTSX 89573064.0452.636.281.364.92
PakistanKSE 21181285.7166.675.340.474.87
USAMEX 63392661.9066.675.360.584.78
TurkeyBIST 32266.67100.004.500.004.50
IndiaBSE 2201367061.8251.475.431.184.26
MexicoBMV 24161166.6768.755.331.174.16
SwedenSTOCKHOLM 45301466.6746.675.761.813.95
EgyptEGX 126250.0033.335.611.773.84
TaiwanTWSE 35251571.4360.004.570.803.77
USNASDAQ 41728516768.3558.604.701.023.68
ThailandSET 553100.0060.004.000.403.60
IndiaNSE 1721066361.6359.434.280.823.46
JapanNAGOYA 111100.00100.003.280.003.28
SingaporeSGX 21150.00100.003.000.003.00
IsraelTASE 49332267.3566.673.570.832.74
DenmarkCOPENHAGEN 105450.0080.003.280.622.66
BrazilBOVESPA 61452673.7757.783.340.792.55
SingaporeSGX 42250.00100.002.520.002.52
CanadaTSX 222100.00100.002.500.002.50
BelgiumBRUSSELS 94344.4475.004.071.652.42
Austria WIENERBORSE 97477.7857.142.770.412.36
ChinaSSE 2481599664.1160.383.351.062.29
JapanTOKYO 54480.00100.002.250.002.25
The World 46213087171467.7354.763.181.002.18
South KoreaKOSDAQ 99713271.7245.073.591.621.97
IndonesiaIDX 443100.0075.001.750.001.75
South KoreaKRX 94553458.5161.822.740.991.75
USNYSE 51436721571.4058.582.610.861.75
ChileBCS 54280.0050.002.640.971.67
BangladeshDSE 43275.0066.672.000.331.67
ChinaSZSE 3051969864.2650.002.921.301.62
NorwayOSE 1710558.8250.003.602.071.54
USOTC PINK 101561559.4125.005.173.641.53
DenmarkCOPENHAGEN 221100.0050.001.500.001.50
Greece ATHENS 85162.5020.002.811.421.40
SwitzerlandSIX 36261572.2257.691.870.491.38
GermanyXETRA 24419011877.8762.112.010.631.38
Hong KongHKEX 332100.0066.671.330.001.33
MalaysiaBURSA 95355.5660.001.920.641.28
UKLSE 150995366.0053.542.030.791.23
PortugalLISBON 221100.0050.001.240.141.10
JapanTOKYO 37325113167.2952.192.061.011.05
UKLSE 32266.67100.001.000.001.00
PakistanKSE 21150.00100.001.000.001.00
BrazilBOVESPA 42150.0050.001.500.501.00
UAEUAE 554100.0080.001.000.001.00
ItalyBORSA 107774171.9653.251.380.530.84
Saudi ArabiaTADAWUL 1613681.2546.152.221.410.81
FrancePARIS 73532472.6045.281.620.940.68
SwitzerlandSIX 332100.0066.671.000.330.67
RussiaMICEX 74257.1450.001.250.750.50
PhilippinesPSE 32166.6750.001.040.610.44
Hong KongHKEX 58361662.0744.442.391.960.44
UAEUAE 32166.6750.000.480.180.30
Poland GPW 442100.0050.000.250.000.25
AustraliaASX 54280.0050.000.500.250.25
SwedenSTOCKHOLM 75271.4340.000.400.200.20
MalaysiaBURSA 76385.7150.000.330.170.17
USPREFERRED 231186.965.000.070.000.07
SpainIBEX 2000.000.000.000.000.00
Greece ATHENS 2000.000.000.000.000.00
FrancePARIS 2000.000.000.000.000.00
GermanyXETRA 2000.000.000.000.000.00
Austria WIENERBORSE 2000.000.000.000.000.00
BelgiumBRUSSELS 2000.000.000.000.000.00
South KoreaKOSDAQ 31033.330.000.000.000.00
ItalyBORSA 2000.000.000.000.000.00
NorwayOSE 221100.0050.000.000.000.00
NetherlandsAMSTERDAM 2000.000.000.000.000.00
PhilippinesPSE 64166.6725.000.250.250.00
PortugalLISBON 2000.000.000.000.000.00
RussiaMICEX 290062.070.000.000.000.00
TaiwanGTSM 53160.0033.330.000.000.00
ThailandSET 1000.000.000.000.000.00
Vietnam HOSE 221100.0050.000.500.500.00
USWARRANTS 100100.000.000.000.000.00
AustraliaASX 4827956.2533.331.561.80-0.24
IndiaNSE 42150.0050.000.000.50-0.50
IsraelTASE 220100.000.000.000.50-0.50
ChileBCS 42050.000.000.000.50-0.50
SpainIBEX 118272.7325.000.611.13-0.52
IndonesiaIDX 21050.000.000.000.57-0.57
FOREXFOREX 54180.0025.000.251.00-0.75
NetherlandsAMSTERDAM 39321682.0550.000.401.23-0.83
CanadaCSE 83037.500.000.006.20-6.20
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.

Candlesticker.com is an independent and free website and all the Services provided by Americanbulls.com LLC at Candlesticker.com are completely free of charge. Americanbulls.com LLC does not receive compensation by any direct or indirect means from the visitors and users of this website (or of any other bulls.com© family websites), and from the stocks, securities and other institutions or any underwriters or dealers associated with the broader national or international forex, commodity and stock markets.

You agree that Candlesticker.com and Americanbulls.com LLC its parent company, subsidiaries, affiliates, officers and employees shall not be liable for any direct, indirect, incidental, special or consequential damages.