Morning Star Candlestick Pattern: What It Is, How To Trade And Identify It

Description

The Morning Star pattern is a bullish reversal candlestick pattern that typically appears at the end of a downtrend. It consists of three candles – the first is a long bearish candle, followed by a small candle with a gap down, and finally, a long bullish candle with a gap up. The pattern suggests a shift in momentum from bearish to bullish, indicating a potential reversal in the market.