Star Candlestick Chart Pattern

Star Candlestick Chart Pattern:- A small real body which gaps away from the previous long body. Star is a trend reversal pattern.

How many types of Star formation in Candlestick chart?

Morning Star

Star Candlestick Chart Pattern

Evening Star

Evening Star

Shooting Star

Shooting Star

What Is Morning Star Candlestick Chart Pattern?

morning start chart

The Morning star candle is a bottom reversal signal that comes after an extended downtrend. This Pattern is a three candle reversal setup. Morning star is a bullish pattern.
Morning star candlestick pattern where the first is long red real body, the second is small real body (green or red) which gaps lower to form a star. The third is a green candlestick that closes well into the first session’s red real body.

Morning Star Rules.

1) first candle must be strongly down.
2) Second candle (star) real body must not touch prior real body.
3) Third candle is strong up bar eating into majority of first bar.

Morning Start Uses.

1.Trend Reversal Signal.
2.End of a Downtrend.
3.Beginning of a new Uptrend.

Morning Star Characteristic.

1.Trend:- Bullish Trend Reversal.
2.Occurs:- After a Downtrend.
3.No of Sticks:- 3 or more.
4.Reliability:- Very high.
5.Confirmation:- Suggested.

What is Morning Doji Star?

The same as a morning star except the middle candlestick is a doji instead of a small real body.

morning doji star Morning Doji Star Rules.

1) First Candles must be strongly down.
2) Second candle (star) real body must not touch prior real body.
3) Third candle is strong up bar eating into majority of first bar.

Morning Doji Star Characteristic.

1.Trend:- Bullish Trend Reversal.
2.Occurs:- After a Downtrend.
3.No of Sticks:- 3 or more.
4.Reliability:- Very high.
5.Confirmation:- Suggested.

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