Morning Star
- Type: Reversal
- Relevance: Bullish
- Prior Trend: Bearish
- Reliability: High
- # of Sticks: 3
Definition:
Much like the Morning Doji Star this pattern is a 3 candle reversal but instead of the turn being marked by a Doji, it is marked by a small body star that can close up or down. The key is a small body and relatively short shadows which denote indecision. The confirmation candle (body or shadows) may overlap the star but the first down candle should not.