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Morning Star Candlestick Formation, Definition

Morning Star Candlestick FormationA three day bullish reversal pattern on a Japanese Candlestick chart. The first day is in a downtrend with a long red real body. The following day gaps lower and has a small real body. The last day is a green candlestick that closes above the midpoint of the first session's red real body.

 

 

 

 

See also: Candle Charting Basics


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