Tag: Doji candlestick pattern

Morning Star Japanese Candlestick Pattern The Morning Star Pattern usually occurs at the bottom of the downtrend and is a bullish reversal pattern. The pattern has three components: Day1)  Large Bearish Day: A long black candlestick. Day2) A small Bullish or Bearish candlestick that gaps below the previous day’s close. This candlestick could also be…