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 1/1/2017
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
KuwaitKSE 222100.00100.0032.000.0032.00
ArgentinaBUE 21150.00100.0022.000.0022.00
Poland GPW 106560.0083.3316.500.0016.50
TurkeyBIST 169756.2577.7816.330.3316.00
CanadaCSE 221100.0050.0014.504.0010.50
MalaysiaBURSA 102220.00100.008.000.008.00
SwedenSTOCKHOLM 35241968.5779.177.960.637.33
South KoreaKRX 72443161.1170.456.980.556.43
TaiwanGTSM 1712570.5941.677.251.006.25
QatarQE 21150.00100.006.000.006.00
BangladeshDSE 65483.3380.006.000.205.80
USAMEX 23151165.2273.337.732.005.73
EgyptEGX 95255.5640.008.402.805.60
MexicoBMV 1310776.9270.005.200.105.10
Hong KongHKEX 47271357.4548.156.111.674.44
South KoreaKOSDAQ 72462763.8958.705.040.834.22
PakistanKSE 1814977.7864.295.431.364.07
CanadaTSX 84593770.2462.714.830.804.03
CanadaTSX 111100.00100.004.000.004.00
AustraliaASX 3721956.7642.865.331.383.95
IndiaBSE 149934862.4251.615.131.473.66
CanadaTSX-V 96366.6750.006.503.003.50
TaiwanTWSE 2718866.6744.444.561.113.44
BangladeshDSE 32266.67100.003.000.003.00
BrazilBOVESPA 31133.33100.003.000.003.00
SingaporeSGX 21150.00100.003.000.003.00
USNASDAQ 30519611564.2658.673.921.002.92
Vietnam HOSE 42150.0050.003.000.502.50
IndiaNSE 138844360.8751.193.441.002.44
BrazilBOVESPA 34201058.8250.003.050.702.35
JapanTOKYO 333100.00100.002.330.002.33
Saudi ArabiaTADAWUL 1916784.2143.753.060.752.31
The World 32812209120567.3354.553.411.152.27
JapanTOKYO 27820010571.9452.503.431.372.06
Hong KongHKEX 222100.00100.002.000.002.00
IndonesiaIDX 332100.0066.672.000.002.00
SwitzerlandSIX 111100.00100.002.000.002.00
PhilippinesPSE 21150.00100.002.000.002.00
GermanyXETRA 97683470.1050.002.440.781.66
USNYSE 43829617167.5857.772.470.831.64
BelgiumBRUSSELS 87587.5071.432.000.431.57
ChinaSZSE 2701829367.4151.103.391.831.56
ChinaSSE 1621156670.9957.393.031.561.48
IsraelTASE 27191070.3752.633.001.581.42
USOTC PINK 76481863.1637.505.634.251.38
SwitzerlandSIX 27231085.1943.481.910.571.35
USPREFERRED 2517968.0052.941.530.351.18
ItalyBORSA 47301663.8353.332.000.931.07
UKLSE 222100.00100.001.000.001.00
RussiaMICEX 52140.0050.001.000.001.00
DenmarkCOPENHAGEN 32166.6750.001.500.501.00
PakistanKSE 21150.00100.001.000.001.00
JapanFUKUOKA 111100.00100.001.000.001.00
UAEUAE 443100.0075.001.000.001.00
MalaysiaBURSA 442100.0050.000.500.000.50
PortugalLISBON 221100.0050.001.000.500.50
Greece ATHENS 76285.7133.332.001.670.33
FrancePARIS 52381473.0836.841.260.950.32
UKLSE 89652773.0341.541.421.150.26
South KoreaKOSDAQ 31033.330.000.000.000.00
ItalyBORSA 2000.000.000.000.000.00
PortugalLISBON 2000.000.000.000.000.00
Poland GPW 221100.0050.000.000.000.00
UAEUAE 1000.000.000.000.000.00
NorwayOSE 111100.00100.000.000.000.00
NetherlandsAMSTERDAM 2000.000.000.000.000.00
Austria WIENERBORSE 4000.000.000.000.000.00
Austria WIENERBORSE 2000.000.000.000.000.00
AustraliaASX 21050.000.000.000.000.00
BelgiumBRUSSELS 2000.000.000.000.000.00
ChileBCS 110100.000.000.000.000.00
GermanyXETRA 2000.000.000.000.000.00
SpainIBEX 2000.000.000.000.000.00
DenmarkCOPENHAGEN 110100.000.000.000.000.00
FrancePARIS 2000.000.000.000.000.00
Greece ATHENS 2000.000.000.000.000.00
TaiwanGTSM 220100.000.000.000.000.00
TurkeyBIST 21150.00100.000.000.000.00
ThailandSET 1000.000.000.000.000.00
SwedenSTOCKHOLM 64166.6725.000.250.250.00
SpainIBEX 157246.6728.571.001.29-0.29
ThailandSET 331100.0033.330.330.67-0.33
PhilippinesPSE 53060.000.000.000.33-0.33
RussiaMICEX 2517668.0035.290.941.35-0.41
ChileBCS 32066.670.000.000.50-0.50
IndiaNSE 42150.0050.000.000.50-0.50
FOREXFOREX 331100.0033.330.331.00-0.67
Vietnam HNX 42150.0050.002.003.00-1.00
SingaporeSGX 31033.330.000.001.00-1.00
NetherlandsAMSTERDAM 2517368.0017.650.291.47-1.18
NorwayOSE 95155.5620.000.401.60-1.20
IndonesiaIDX 32066.670.000.001.50-1.50
JapanNAGOYA 110100.000.000.002.00-2.00
USWARRANTS 110100.000.000.004.00-4.00
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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