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Morning Star

Hit Rate:

78 %

Candle Count:

3 Candles

Outlook:

Bullish Reversal

About the Pattern:

  • the first candle must be bearish

  • the third candle must be bullish

  • the second candle must be small compared to the others, like a Doji or a Spinning Top

  • the color of the second candle doesn’t matter

  • ideally, the body of the second candle shouldn’t overlap with the bodies of the other two candles

Outlook:

  • the end of a downtrend and start of an uptrend

  • the end of a pullback, resuming an uptrend

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