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Morning Star candlestick is a triple candlestick pattern that indicated bullish reversal.
It is formed at the bottom of a downtrend and it gives us a warning sign that the ongoing downtrend is going to reverse.
It consists of three candles; the first one being a bearish candlestick, the second one can be bullish or bearish with a small body, and the third one is a bullish candle.
To read more visit : https://www.elearnmarkets.com/blog/morning-star-candlestick-formation/
By ElearnmarketsMorning Star candlestick is a triple candlestick pattern that indicated bullish reversal.
It is formed at the bottom of a downtrend and it gives us a warning sign that the ongoing downtrend is going to reverse.
It consists of three candles; the first one being a bearish candlestick, the second one can be bullish or bearish with a small body, and the third one is a bullish candle.
To read more visit : https://www.elearnmarkets.com/blog/morning-star-candlestick-formation/

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