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 1/1/2017
Stock Exchange 
Per Trade 
Total Net% Descending
KuwaitKSE 222100.00100.0032.000.0032.00
ArgentinaBUE 21150.00100.0022.000.0022.00
TurkeyBIST 158653.3375.0018.130.3817.75
Poland GPW 106560.0083.3316.500.0016.50
MalaysiaBURSA 82225.00100.
PakistanKSE 18141077.7871.438.930.938.00
TaiwanGTSM 1611568.7545.457.910.827.09
South KoreaKRX 66413062.1273.177.440.596.85
CanadaTSX-V 86475.0066.677.331.006.33
QatarQE 21150.00100.
BangladeshDSE 65483.3380.
SwedenSTOCKHOLM 28181464.2977.786.220.445.78
MexicoBMV 1310776.9270.
Hong KongHKEX 44271361.3648.156.111.674.44
CanadaTSX 111100.00100.
USAMEX 2113961.9069.236.082.313.77
South KoreaKOSDAQ 62392362.9058.974.490.903.59
IndiaBSE 144894761.8152.814.711.373.34
SingaporeSGX 21150.00100.
BangladeshDSE 32266.67100.
BrazilBOVESPA 31133.33100.
USNASDAQ 28518411064.5659.783.841.022.82
IndiaNSE 130793960.7749.373.540.992.56
Vietnam HOSE 42150.0050.003.000.502.50
BrazilBOVESPA 31201164.5255.003.150.652.50
CanadaTSX 78543369.2361.113.260.832.43
JapanTOKYO 333100.00100.002.330.002.33
Saudi ArabiaTADAWUL 2118985.7150.002.940.672.28
The World 31112089113967.1554.523.171.122.05
IndonesiaIDX 332100.0066.672.000.002.00
Hong KongHKEX 222100.00100.
SwitzerlandSIX 111100.00100.
PhilippinesPSE 21150.00100.
RussiaMICEX 41125.00100.
JapanTOKYO 2531819571.5452.493.301.341.97
GermanyXETRA 91643570.3354.692.530.591.94
USOTC PINK 70431661.4337.215.864.121.74
ChinaSSE 1431005769.9357.003.211.541.67
TaiwanTWSE 2417770.8341.182.711.181.53
SwitzerlandSIX 2421987.5042.861.950.521.43
USNYSE 43729216766.8257.192.270.861.41
IsraelTASE 2518972.0050.003.061.671.39
ChinaSZSE 2431648167.4949.393.041.961.07
UKLSE 222100.00100.
USPREFERRED 2416866.6750.001.380.381.00
MalaysiaBURSA 32266.67100.
PakistanKSE 21150.00100.
UAEUAE 443100.0075.
JapanFUKUOKA 111100.00100.
BelgiumBRUSSELS 76485.7166.671.500.501.00
DenmarkCOPENHAGEN 32166.6750.001.500.501.00
Greece ATHENS 552100.0040.002.401.600.80
ItalyBORSA 43291467.4448.281.760.970.79
AustraliaASX 3118758.0638.891.781.610.17
FrancePARIS 48361575.0041.671.030.940.08
UKLSE 83632675.9041.
PortugalLISBON 2000.
Poland GPW 221100.0050.
NorwayOSE 111100.00100.
NetherlandsAMSTERDAM 2000.
ItalyBORSA 2000.
South KoreaKOSDAQ 31033.330.
UAEUAE 1000.
ChileBCS 110100.
BelgiumBRUSSELS 2000.
Austria WIENERBORSE 2000.
Austria WIENERBORSE 2000.
AustraliaASX 21050.
Greece ATHENS 2000.
FrancePARIS 2000.
SpainIBEX 146242.8633.331.171.170.00
SpainIBEX 2000.
DenmarkCOPENHAGEN 110100.
GermanyXETRA 2000.
TurkeyBIST 21150.00100.
ThailandSET 1000.
TaiwanGTSM 220100.
EgyptEGX 74157.1425.003.253.50-0.25
RussiaMICEX 2316669.5737.501.191.44-0.25
ThailandSET 331100.0033.330.330.67-0.33
PhilippinesPSE 53060.
SwedenSTOCKHOLM 53060.
IndiaNSE 42150.0050.000.000.50-0.50
ChileBCS 32066.670.000.000.50-0.50
FOREXFOREX 331100.0033.330.331.00-0.67
NetherlandsAMSTERDAM 2316369.5718.750.311.25-0.94
Vietnam HNX 42150.0050.002.003.00-1.00
PortugalLISBON 110100.
SingaporeSGX 21050.
NorwayOSE 95155.5620.000.401.60-1.20
IndonesiaIDX 32066.670.000.001.50-1.50
JapanNAGOYA 110100.
CanadaCSE 110100.
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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