The Morning Star pattern is a three-candle, bullish reversal candlestick pattern that appears at the bottom of a downtrend.
It reveals a slowing down of downward momentum before a large bullish move lays the foundation for a new uptrend.
The bearish version of the Morning Star is the evening star and it signifies a potential turning point in a rising market ( bearish reversal pattern).
The same analysis applied to the Morning Star can be implemented with the evening star however, it will be the opposite direction.
The Morning Star candlestick pattern is a reversal pattern in technical analysis.