Powerful Morning Star Pattern that Boost Your Trading Journey

Powerful Morning Star Pattern :

Formation:
The Morning Star is a three-candlestick pattern that occurs after a downtrend. The first candle is bearish, the second is a small-bodied candle (doji or spinning top), and the third is a large bullish candle.

How It’s Made:
The first candle confirms the downtrend, the second candle shows indecision (buyers and sellers are equally strong), and the third candle represents buyers taking control, pushing the price significantly higher.

Psychology Behind the Pattern:
The Morning Star shows that the sellers were initially dominant, but indecision set in during the second candle. By the third candle, buyers have regained control, suggesting a bullish reversal.

Powerful Morning Star Pattern
Powerful Morning Star Pattern by the hammer trader

Leave a Comment