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What is Morning Star Candlestick Pattern ?
The morning #star candlestick pattern is a bullish reversal pattern that consists of three candles. The pattern begins with a long red (or black) candle, followed by a small candlestick that opens and closes within the real body of the first candle. The small #candlestick can be bullish or bearish.
What does this Pattern Indicate ?
The pattern concludes with a long green (or white) #candle, indicating that the #buyers have taken control of the market. #Traders may interpret this pattern as a signal to go long or #buy, expecting an uptrend in the market.
Note : Traders should always use other technical indicators and fundamental analysis to confirm their trading decisions.
The morning #star candlestick pattern is a bullish reversal pattern that consists of three candles. The pattern begins with a long red (or black) candle, followed by a small candlestick that opens and closes within the real body of the first candle. The small #candlestick can be bullish or bearish.
What does this Pattern Indicate ?
The pattern concludes with a long green (or white) #candle, indicating that the #buyers have taken control of the market. #Traders may interpret this pattern as a signal to go long or #buy, expecting an uptrend in the market.
Note : Traders should always use other technical indicators and fundamental analysis to confirm their trading decisions.