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Morning Star

A morning star pattern is a bullish candlestick pattern that shows a large red candlestick that is within a defined downtrend, followed by a small-bodied red or white candle that closes below the first red bar and then a large white candle that opens above the second candle and closes near the center of the first candle's body. The morning star forecasts that the downtrend is about to reverse.

Related Terms

Bar
Bull
Candlestick
Evening Star
Moving Average Convergence Divergence - MACD
Red Candlestick
Relative Strength Index - RSI
Reversal























































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