A morning star pattern could be
a bullish reversal signal, and therefore, only occurs when an
established downtrend in price.
A bullish morning star pattern is
a candlestick pattern normally found at the
end of a period of downward. When found in
a downtrend, this pattern is a powerful reversal
pattern.
Identification of bullish Engulfing candlestick Pattern
The first candle is bearish. It happens at the
end of a significant down in a significant.
The middle (second) candle is a small bodied candle (bull or bear).
The second candle is a small indecision candle.
The third candle is a bullish candle that closes
well above the high of the signal candle.
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