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Morning Star

Bullish Candlestick Pattern

Tobi Frenzen
Author
Tobi Frenzen
Published
October 28, 2024
Author
Tobi Frenzen
Published
Oct 28, 2024
Morning Star Candlestick Pattern
Morning Star - Bullish Triple Candlestick Pattern

Pattern Details

Morning Star

Bias

Bullish

Type

Triple Candlestick Pattern

Description

Three candles with a bearish, small-bodied middle, and bullish candle.

Meaning

Found in downtrends; signals potential bullish reversal as buyers gain control, with strength confirmed by the third candle closing above the first.

What is the Morning Star pattern?

The Morning Star pattern consists of a bearish candle, a small-bodied middle candle, and a bullish candle, forming at the end of a downtrend to signal potential reversal. This pattern reflects a shift from seller dominance to buyer strength, as the middle candle marks a pause before a reversal. The Morning Star is a reliable signal that buyer interest is reemerging.

Understanding Morning Stars helps traders anticipate shifts in momentum, providing valuable entry points for new uptrends. The Chart Guys offer detailed guidance on interpreting Morning Stars and incorporating them into a trading strategy.

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