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
TurkeyBIST 32266.67100.004.500.004.50
SingaporeSGX 21150.00100.003.000.003.00
CanadaTSX 222100.00100.002.500.002.50
JapanTOKYO 333100.00100.002.330.002.33
SwitzerlandSIX 111100.00100.002.000.002.00
IndonesiaIDX 443100.0075.001.750.001.75
RussiaMICEX 63250.0066.671.670.001.67
BangladeshDSE 43275.0066.672.000.331.67
DenmarkCOPENHAGEN 221100.0050.001.500.001.50
Hong KongHKEX 332100.0066.671.330.001.33
Vietnam HOSE 111100.00100.001.000.001.00
UKLSE 32266.67100.001.000.001.00
UAEUAE 443100.0075.001.000.001.00
PakistanKSE 21150.00100.001.000.001.00
BrazilBOVESPA 42150.0050.001.500.501.00
MalaysiaBURSA 65383.3360.000.400.000.40
Poland GPW 442100.0050.000.250.000.25
SwedenSTOCKHOLM 75271.4340.000.400.200.20
USPREFERRED 231186.965.000.070.000.07
The World 3835955266.782.030.050.020.03
IndiaNSE 1401162.141.150.010.000.01
USOTC PINK 1060061.320.000.000.000.00
USNYSE 4210069.120.000.000.000.00
USNASDAQ 3480064.660.000.000.000.00
USAMEX 340061.760.000.000.000.00
UKLSE 1040061.540.000.000.000.00
Vietnam HOSE 500100.000.000.000.000.00
Vietnam HNX 100100.000.000.000.000.00
USWARRANTS 200100.000.000.000.000.00
PhilippinesPSE 30066.670.000.000.000.00
EgyptEGX 150046.670.000.000.000.00
South KoreaKOSDAQ 620056.450.000.000.000.00
South KoreaKRX 650063.080.000.000.000.00
South KoreaKOSDAQ 31033.330.000.000.000.00
MalaysiaBURSA 120041.670.000.000.000.00
MexicoBMV 190063.160.000.000.000.00
UAEUAE 100100.000.000.000.000.00
Saudi ArabiaTADAWUL 100080.000.000.000.000.00
QatarQE 20050.000.000.000.000.00
KuwaitKSE 50080.000.000.000.000.00
NorwayOSE 110072.730.000.000.000.00
NorwayOSE 111100.00100.000.000.000.00
NetherlandsAMSTERDAM 2000.000.000.000.000.00
NetherlandsAMSTERDAM 320071.880.000.000.000.00
RussiaMICEX 240054.170.000.000.000.00
PakistanKSE 210085.710.000.000.000.00
PortugalLISBON 200100.000.000.000.000.00
PortugalLISBON 2000.000.000.000.000.00
Poland GPW 80087.500.000.000.000.00
TaiwanGTSM 160087.500.000.000.000.00
TaiwanTWSE 230060.870.000.000.000.00
TaiwanGTSM 43175.0033.330.000.000.00
TurkeyBIST 230069.570.000.000.000.00
SingaporeSGX 20050.000.000.000.000.00
SwedenSTOCKHOLM 420069.050.000.000.000.00
BangladeshDSE 100050.000.000.000.000.00
AustraliaASX 43175.0033.330.330.330.00
AustraliaASX 430065.120.000.000.000.00
Austria WIENERBORSE 70071.430.000.000.000.00
Austria WIENERBORSE 2000.000.000.000.000.00
ArgentinaBUE 130061.540.000.000.000.00
BrazilBOVESPA 390064.100.000.000.000.00
BelgiumBRUSSELS 2000.000.000.000.000.00
BelgiumBRUSSELS 80062.500.000.000.000.00
ChileBCS 40075.000.000.000.000.00
SwitzerlandSIX 380073.680.000.000.000.00
CanadaTSX 820068.290.000.000.000.00
CanadaCSE 30066.670.000.000.000.00
CanadaTSX-V 90033.330.000.000.000.00
DenmarkCOPENHAGEN 70042.860.000.000.000.00
GermanyXETRA 1660066.870.000.000.000.00
GermanyXETRA 2000.000.000.000.000.00
ChinaSZSE 2440066.390.000.000.000.00
ChinaSSE 1540064.290.000.000.000.00
Greece ATHENS 2000.000.000.000.000.00
Greece ATHENS 70057.140.000.000.000.00
FrancePARIS 570066.670.000.000.000.00
FrancePARIS 2000.000.000.000.000.00
SpainIBEX 150060.000.000.000.000.00
SpainIBEX 2000.000.000.000.000.00
IndonesiaIDX 40050.000.000.000.000.00
Hong KongHKEX 450077.780.000.000.000.00
IndiaBSE 1550060.650.000.000.000.00
IsraelTASE 400072.500.000.000.000.00
ItalyBORSA 730068.490.000.000.000.00
ItalyBORSA 2000.000.000.000.000.00
JapanTOKYO 2961066.220.000.000.01-0.01
ThailandSET 331100.0033.330.330.67-0.33
PhilippinesPSE 53060.000.000.000.33-0.33
IndiaNSE 42150.0050.000.000.50-0.50
IsraelTASE 220100.000.000.000.50-0.50
ChileBCS 32066.670.000.000.50-0.50
FOREXFOREX 331100.0033.330.331.00-0.67
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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