Morning Star
The Morning Star is a three-line bullish reversal pattern that appears in a downtrend.
The first line is a black candlestick that appears as a long line in a downtrend.
The second line can be a white or black candlestick that appears as a short line, except for Doji candles. The body of the candlestick must be below the previous body, meaning the open and close price must be lower than the previous candlestick. In other words, there must be a gap between the first and second bodies.
The third line is a white candlestick that appears as a long line. The open price must be above the body of the previous candlestick. The candlestick should close at least halfway along the body of the first line.
Last modified: 13 December 2024