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Trading and Investment Terms

Morning Star

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. 

  • The pattern has three candles.
  •  It forms at the bottom of a downtrend. 
  • The first candle is any long and bearish candle. 
  • The second candle is a small and indecisive candlestick. 
  • The third candle is any long and bullish candle. 
  • “Bullish” means the stock price closes above the open price. “Bearish” means the stock price closes below the open price.

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