• Thursday, 13 May 2010 20:37
• Written by Desmond Wira

Morning Star candlestick signals bullish reversal. This candle pattern is the exact opposite of Evening Star. This pattern characterized by 3 candle. One is black candle, candle in the middle is a Spinning Top, and the last candle is white candle. Reversal signal created from this candle is pretty strong. So, you have to be careful when seeing this candle pattern. Usually this candle pattern confirms a trend reversal.

Type: Bullish Reversal Characteristic: Consist of 3 candles Candle #1: Black candle Candle #2: Spinning Top. If this candle is Doji, then the pattern is called Morning Doji Star. Candle #3: White Candle Usually the white candle has longer body than the black candle. The longer the body indicates stronger signal Usually there's some distance between closing price in black candle and opening price in white candle. The longer the distance indicates stronger signal.

Go back to Learning Technical Analysis Index | Candlestick Chart Index