Forex eBook

Morning Star Bullish Pattern

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Morning Star Bullish Pattern

Morning Star Bullish Pattern Basic Info

This is a three-candlestick formation that signals a major bottom. It is composed of a first long black body, a second small real body, red or green, gapping lower to form a star. These two candlesticks define a basic star pattern. The third is a green candlestick that closes well into the first session’s black real body. Third candlestick shows that the market turned bullish now.

How to recognize Morning Star Bullish Pattern

1. Market is downtrend.
2. We see a long red candlestick in the first day.
3. Then we see a small body on the second day gapping in the direction of the previous downtrend.
4. Finally we see a white candlestick on the third day.

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