Navigation

Morning Star

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

# A long-bodied black candle extending the current downtrend
# A short middle candle that gapped down on the open
# 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.

Back to Forexpedia Main Page

"Always bear in mind that your own resolution to succeed is more important than any other one thing."
Abraham Lincoln
Clicky Web Analytics