Morning Star candlestick pattern

Morning Star

Morning Star is a bullish trend reversal candlestick pattern made up of 3 bars.
How to Identify:

• The 1st bar is long and bearish and continues the downtrend;
  
• The 2nd bar is short and gaps down from the first one;
  
• The 3rd bar is bullish and its Close price is higher than the first bar's midpoint.
  
  

We use our proprietary data-mining algorithm to capture specific price movement and pattern performance.
Under certain circumstances, a Bullish pattern can also perform as a Bearish pattern, and a reversal pattern can be changed into a continuation pattern.

If you want to find out the performance of this pattern in real market, not in theory, our data mining results are your must have reference.

Morning Star Pattern data mining result (2014 Daily)

The following pictures are taken from our Candlestick Pattern Indicator (Thinorswim version).