What is morning star 💥😀
The Morning Star is a bullish reversal pattern that typically appears at the bottom of a downtrend. It's like the market’s saying, “Okay, enough bleeding — time to rise.”
It’s made of 3 candles:
First Candle – Bearish:
A long red candle showing strong selling pressure. Bears are in full control.
Second Candle – Small Body (Doji or Spinning Top):
This candle shows indecision. It can be red or green, doesn’t matter much — the key is that the selling is slowing down, and buyers are peeking in.
Third Candle – Bullish:
A strong green candle that closes above the midpoint of the first candle. This is the real shift — buyers are back in the game.