Candlestick Patterns→ Pattern Detail
Morning Star
A three-candle bullish reversal pattern at support
A morning star is a three-candle pattern: (1) large bearish candle, (2) small-bodied candle showing indecision, (3) large bullish candle. It signals the end of a downtrend and potential reversal up.
✓How to Recognize
- •Three-candle formation at support
- •First candle: large bearish
- •Second candle: small body (star)
- •Third candle: large bullish closing into first candle
⚡How to Avoid
- →Must appear at support after decline
- →Third candle should close above midpoint of first
- →Gap between candles adds strength
- →Volume should increase on third candle