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 1/1/2020
Stock Exchange 
Per Trade 
Total Net% Descending
TurkeyBIST 23151165.2273.3318.330.8317.50
ArgentinaBUE 111100.00100.0012.000.0012.00
Poland GPW 19161084.2162.5013.221.8811.33
CanadaTSX-V 83237.5066.6711.831.1910.64
KuwaitKSE 441100.0025.009.921.248.68
PakistanKSE 21171280.9570.597.340.406.94
TaiwanGTSM 1916884.2150.007.160.726.44
USAMEX 47322268.0968.756.290.745.56
NorwayOSE 169562.5050.007.862.625.24
ArgentinaBUE 22161172.7368.756.691.555.14
EgyptEGX 145235.7140.006.741.635.12
IndiaBSE 2051236860.0055.
Vietnam HOSE 129775.0077.785.080.065.02
CanadaTSX 91623368.1353.235.921.314.61
TaiwanTWSE 33231469.7060.875.440.854.60
TurkeyBIST 32266.67100.004.500.004.50
BangladeshDSE 169556.2555.564.700.564.13
MexicoBMV 2114966.6764.
UKLSE 140954767.8649.474.720.863.86
USNASDAQ 39726316066.2560.844.390.973.41
QatarQE 42250.00100.003.380.003.38
IsraelTASE 42292069.0568.973.940.633.31
Austria WIENERBORSE 117563.6471.433.480.253.22
ChileBCS 43275.0066.673.500.403.10
SingaporeSGX 21150.00100.
IndiaNSE 167995659.2856.573.850.882.97
SingaporeSGX 21150.00100.002.900.002.90
BrazilBOVESPA 53402475.4760.003.690.862.84
CanadaTSX 222100.00100.002.500.002.50
SwedenSTOCKHOLM 43291467.4448.284.311.832.48
BelgiumBRUSSELS 84350.0075.004.071.642.42
ChinaSSE 2391539364.0260.783.431.112.33
JapanTOKYO 54480.00100.
The World 43802933162667.8854.693.231.042.20
South KoreaKOSDAQ 89562762.9248.213.481.521.96
IndonesiaIDX 443100.0075.001.750.001.75
BangladeshDSE 43275.0066.672.000.331.67
USNYSE 49035720872.8658.262.470.821.65
SwitzerlandSIX 34241570.5962.501.980.431.55
DenmarkCOPENHAGEN 221100.0050.001.500.001.50
GermanyXETRA 22617411476.9965.522.080.591.49
South KoreaKRX 82492659.7653.062.591.121.47
DenmarkCOPENHAGEN 105450.0080.002.080.621.46
USOTC PINK 86531562.7927.785.884.441.43
Hong KongHKEX 332100.0066.671.330.001.33
Hong KongHKEX 51341766.6750.002.891.561.32
ChinaSZSE 2911869163.9248.922.761.461.30
Greece ATHENS 96266.6733.332.411.171.25
MalaysiaBURSA 116354.5550.002.130.891.23
PortugalLISBON 221100.0050.
BrazilBOVESPA 42150.0050.001.500.501.00
UKLSE 32266.67100.
PakistanKSE 21150.00100.
JapanTOKYO 35324312268.8450.211.911.100.81
UAEUAE 553100.0060.000.800.000.80
ItalyBORSA 101753774.2649.331.340.550.79
SwitzerlandSIX 332100.0066.671.000.330.67
RussiaMICEX 74257.1450.001.250.750.50
PhilippinesPSE 32166.6750.001.090.610.48
FrancePARIS 76572475.0042.111.411.020.39
Saudi ArabiaTADAWUL 1310576.9250.002.111.740.37
UAEUAE 221100.0050.000.480.180.30
Poland GPW 442100.0050.
AustraliaASX 54280.0050.000.500.250.25
SwedenSTOCKHOLM 75271.4340.000.400.200.20
MalaysiaBURSA 76385.7150.000.330.170.17
USPREFERRED 231186.965.
GermanyXETRA 2000.
SpainIBEX 2000.
Greece ATHENS 2000.
FrancePARIS 2000.
Austria WIENERBORSE 2000.
BelgiumBRUSSELS 2000.
ItalyBORSA 2000.
South KoreaKOSDAQ 31033.330.
NorwayOSE 221100.0050.
NetherlandsAMSTERDAM 2000.
PhilippinesPSE 64166.6725.
ThailandSET 1000.
ThailandSET 442100.0050.000.500.500.00
TaiwanGTSM 43175.0033.330.000.000.00
PortugalLISBON 2000.
RussiaMICEX 290062.
Vietnam HOSE 221100.0050.000.500.500.00
AustraliaASX 4426959.0934.621.441.92-0.48
IndiaNSE 42150.0050.000.000.50-0.50
IsraelTASE 220100.
ChileBCS 42050.
SpainIBEX 129275.0022.220.541.13-0.59
FOREXFOREX 441100.0025.000.251.00-0.75
NetherlandsAMSTERDAM 38311381.5841.940.271.42-1.14
IndonesiaIDX 32066.670.000.001.22-1.22
CanadaCSE 83037.500.000.0021.51-21.51
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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