STARS CANDLESTICK PATTERNS

STARS CANDLESTICK PATTERNS Types Of Stars Candlesticks 1.MORNING STAR www.FurtherGrow.in The morning star is a bottom reversal pattern. Its name is derived because, like the morning star (the planet Mercury) that foretells the sunrise, it presages higher prices. It is comprised of a tall, red real body followed by a small green body which gaps lower (these two lines comprise a basic star pattern). The third day is a green real body that moves well within the first period's black real body. This pattern is a signal that the bulls have seized control. I will break down this three candlestick pattern into its components in order to understand the rationale behind this last statement. The market is in a downtrend when we see a red real body. At this time the bears are in command. Then a smal