
Both Morning Star & Evening Star are 3-day reversal patterns.Whether a pattern is bearish or bullish reversal, it depends upon whether it appears at the end of a downtrend (Morning Star) or an uptrend (Evening Star).Note:The grey candle means the color of the candle�s body can be white or black (red).MORNING STAR (BULLISH)Morning Star is a bottom reversal pattern / bullish reversal pattern.It may be formed at the end of a downtrend, or during a pullback within an uptrend, or at the support.Morning Star pattern consists of 3 candlesticks:1) A long-body black/red candle, extending the existing downtrend.2) A small candle that gapped down on...