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The Morning star

Candle15

The Morning star begins with a long red candle.

It is followed by a short candle of red or green color. It has a small body because it closed next to the price at which it was opened. The third candle is green, and its body covers most of the body of the first, long red candle. Morning star usually indicates a bullish trend reversal. If this pattern is formed on the chart, the price is likely to rise after the fall. Please note: the larger the body of the third green candle, the stronger the signal.