Morning Star

morning star

A Morning Star is a set of the following candles (in sequence):

1. A long bearish candlestick

2. A star below it (either bullish or bearish)

3. A bullish candlestick that closes within the body of the first candlestick

The first candlestick in the Morning Star pattern shows the bears in control. The star hints at a transition to a bullish market.

Finally, the strength of the last candlestick confirms the bullishness.

Morning star chart

How do we trade it?

Buy above the last bar of the Morning Star formation

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