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 1/1/2019
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
USWARRANTS 21150.00100.0021.000.0021.00
TurkeyBIST 22151368.1886.6718.930.3318.60
CanadaTSX-V 93333.33100.0012.330.0012.33
USAMEX 29171358.6276.4710.350.1810.18
PakistanKSE 21181185.7161.1111.060.8910.17
KuwaitKSE 54180.0025.0010.002.008.00
PhilippinesPSE 32266.67100.007.500.007.50
Poland GPW 109590.0055.569.112.566.56
QatarQE 21150.00100.006.000.006.00
CanadaTSX 80553368.7560.005.911.184.73
IndiaBSE 142884761.9753.415.901.314.59
BrazilBOVESPA 36231463.8960.875.040.484.57
TurkeyBIST 32266.67100.004.500.004.50
TaiwanGTSM 1110490.9140.005.301.004.30
ArgentinaBUE 149664.2966.674.670.893.78
IndiaNSE 122753961.4852.004.761.043.72
Saudi ArabiaTADAWUL 97577.7871.434.140.433.71
BelgiumBRUSSELS 75571.43100.003.600.003.60
NorwayOSE 96366.6750.004.671.333.33
USNASDAQ 33721713464.3961.754.160.953.21
South KoreaKOSDAQ 56331558.9345.454.271.153.12
SwedenSTOCKHOLM 36251469.4456.004.841.723.12
BangladeshDSE 32266.67100.003.000.003.00
BangladeshDSE 105450.0080.003.200.203.00
SingaporeSGX 21150.00100.003.000.003.00
South KoreaKRX 59362161.0258.333.330.752.58
DenmarkCOPENHAGEN 62233.33100.002.500.002.50
CanadaTSX 222100.00100.002.500.002.50
GermanyXETRA 1501006766.6767.002.780.432.35
JapanTOKYO 333100.00100.002.330.002.33
Austria WIENERBORSE 64366.6775.002.500.252.25
ChinaSSE 135875564.4463.223.261.032.23
The World 36002425133967.3955.193.151.042.10
ItalyBORSA 67483071.6462.502.500.482.02
SwitzerlandSIX 111100.00100.002.000.002.00
Hong KongHKEX 222100.00100.002.000.002.00
IndonesiaIDX 443100.0075.001.750.001.75
USNYSE 40728416570.0257.892.550.841.72
JapanTOKYO 2671789566.6753.372.971.281.69
RussiaMICEX 63250.0066.671.670.001.67
DenmarkCOPENHAGEN 221100.0050.001.500.001.50
TaiwanTWSE 2314760.8750.003.211.791.43
ChinaSZSE 2231517267.7147.682.781.501.28
FrancePARIS 56381967.8650.001.950.741.21
Vietnam HOSE 111100.00100.001.000.001.00
UKLSE 222100.00100.001.000.001.00
PortugalLISBON 221100.0050.001.500.501.00
UAEUAE 111100.00100.001.000.001.00
PakistanKSE 21150.00100.001.000.001.00
UAEUAE 443100.0075.001.000.001.00
EgyptEGX 146142.8616.672.831.831.00
BrazilBOVESPA 42150.0050.001.500.501.00
Hong KongHKEX 41311375.6141.942.161.161.00
Vietnam HOSE 443100.0075.000.750.000.75
USPREFERRED 23201386.9665.001.150.400.75
AustraliaASX 46301165.2236.672.872.130.73
MexicoBMV 1812766.6758.331.751.170.58
USOTC PINK 90551761.1130.914.443.890.55
UKLSE 96602862.5046.671.230.800.43
SwitzerlandSIX 37281775.6860.710.930.500.43
MalaysiaBURSA 65383.3360.000.400.000.40
IsraelTASE 37281575.6853.572.001.640.36
ChileBCS 331100.0033.330.670.330.33
Poland GPW 442100.0050.000.250.000.25
SwedenSTOCKHOLM 64166.6725.000.250.250.00
TaiwanGTSM 331100.0033.330.000.000.00
BelgiumBRUSSELS 2000.000.000.000.000.00
Austria WIENERBORSE 2000.000.000.000.000.00
AustraliaASX 43175.0033.330.330.330.00
FrancePARIS 2000.000.000.000.000.00
GermanyXETRA 2000.000.000.000.000.00
SpainIBEX 2000.000.000.000.000.00
ItalyBORSA 2000.000.000.000.000.00
Greece ATHENS 2000.000.000.000.000.00
South KoreaKOSDAQ 31033.330.000.000.000.00
NorwayOSE 111100.00100.000.000.000.00
NetherlandsAMSTERDAM 2000.000.000.000.000.00
PortugalLISBON 2000.000.000.000.000.00
PhilippinesPSE 53060.000.000.000.33-0.33
ThailandSET 331100.0033.330.330.67-0.33
NetherlandsAMSTERDAM 31231174.1947.830.480.83-0.35
ChileBCS 32066.670.000.000.50-0.50
IsraelTASE 220100.000.000.000.50-0.50
IndiaNSE 42150.0050.000.000.50-0.50
MalaysiaBURSA 104140.0025.001.001.50-0.50
RussiaMICEX 2112457.1433.330.331.00-0.67
SpainIBEX 159160.0011.110.561.22-0.67
FOREXFOREX 331100.0033.330.331.00-0.67
SingaporeSGX 21050.000.000.001.00-1.00
IndonesiaIDX 32066.670.000.001.50-1.50
Vietnam HNX 110100.000.000.002.00-2.00
Greece ATHENS 64066.670.000.002.75-2.75
CanadaCSE 220100.000.000.0025.00-25.00
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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