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Morning star candlestick pattern
The Morning Star candlestick pattern is a bullish reversal pattern commonly found in technical analysis, especially among traders looking for trend reversals. This three-candle formation typically appears at the bottom of a downtrend, signaling that the bears (sellers) may be losing control, and bulls (buyers) could soon push prices upward. For traders, the Morning Star pattern is a key signal that a price reversal might be underway Structure of the Morning Star Pattern The Morning Star consists of three candles: Interpreting the Morning Star Candlestick Pattern 1. First Candle – Sellers’ Control 2. Second Candle – Market Indecision 3.Third Candle – Buyers’ Comeback Example of the Morning Star Candlestick Pattern…