Morning Star

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This is a bullish pattern signifying a potential bottom. A three candle bullish reversal pattern consisting of three candlesticks:

  1. A long-bodied black candle extending the current downtrend
  2. A short middle candle that gapped down on the open
  3. A long-bodied white candle that gapped up on the open and closed above the midpoint of the body of the first candle.

The star can be a bullish (empty) or a bearish (filled in) candle.

Image:morning-star.gif
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