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Morning Star

 

Description

 

This bullish reversal pattern is considered highly reliable.

 

In a downtrend, a long black candlestick day is followed by a day that gaps in the direction of the trend. However, the third day is a white/empty candlestick day which closes up within the top half of the black day.

 

Buyers came into the market and the downtrend weakened. The rally and gap up confirms the reversal if there was also good volume that day.

 

Market Opinion

Bullish.

Pattern

 

 

Description: Description: C:\avasaramworkspace\avasaramWeb\web\tutorials\candlesticks\Morning Star_files\image001.jpg 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
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