Morning Star Candlestick Chart Pattern

Morning star candlestick chart pattern is a reversal candlestick chart pattern. It usually come an exhausted downtrend to indicate that an uptrend may come.


Direction:-- Bullish or uptrend

Type of this pattern: reversal

Reliability on this pattern: High



Morning star candlestick pattern starts with a downtrend continuation. first candlestick will be a bearish candle. The second will start with a gap. The second can be a bearish candle or a bullish candle. But it has a small body. After second candle forming, the third will start opening with a gap. and it will be a bullish candle.

If you find all of these in a candlestick chart, You have got a morning star pattern.

  

Major Factors of Morning Star Candlestick Chart Pattern...

1. A nice downtrend.

2. A bearish candle

3. gap between the first candle and the second candle.

4. A small bearish candle. But it can be bullish. No problem what is the candle, but it have to be small body.

5. Gap between the second candlestick and the third candlestick.

6. A bullish candlestick formed.

7. Finally, This is a morning star candlestick pattern.

• Candlestick Basic(You have to know)
• How to read a candlestick chart?
• Bearish Engulfing
• Bullish Engulfing
• Doji
• Evening star
• Morning star
• Dark cloud cover
• Hammer
• Hanging Man
• Harami
• Inverted Hammer
• Piercing Pattern
• Shooting star
• Tweezers Top
• Tweezers Bottom
• Windows