Morning Star Pattern

– Normally it should be a signal of reversal of the current Trend.

– It occurs during a Downtrend; confirmation is not required by the candles that follow the Pattern, because is one of the most reliable Candlestick Patterns (Although it should be better to search a confirmation).

– The First Candle is long and black.

– The Second Candle can be white or black (The color doesn’t matter), it has a short Real Body that is below the First Candle (In case is a Doji, the is called “Morning Doji Star”); it gaps down from the First Candle (For a further confirmation of the Pattern).

– The Third Candle is long and white; it has the Close above the midpoint of the Real Body of the First Candle. It gaps up from the Previous Candle (For a further confirmation of the Pattern).