Candlestick Patterns | Bullish Morning Star

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Bullish Morning Star

This is a three-candlestick pattern signaling a major bottom reversal.
It is composed of a black candlestick followed by a short candlestick, which characteristically gaps down to form a Star.
Then we have a third white candlestick whose closing is well into the first session’s black body. This is a meaningful bottom pattern.

How to identify

Prev 1 of 34 Next
Prev 1 of 34 Next
  1. 1st day is a long red day.
  2. 2nd day gaps below the 1st day’s close.
  3. 3rd day is a long white day.

Psychology

The 2nd day gaps lower, but trades in a small range. The bullishness of this indecision is confirmed by the higher close of the 3rd day. Look for higher prices.

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