Bullish Morning Star

The Morning Star is a chart pattern characterized by three consecutive candles. It initiates with a lengthy bearish candle, indicative of prevailing selling dominance in the market. Subsequently, a brief-bodied candle, whether bearish or bullish, manifests market indecision. Particular emphasis is warranted on the conclusive candle, which assumes the form of a protracted bullish candle, affirming an ascending trend and mandating a closure exceeding 50% of the initial bearish candle's body.

The interweaving combination of these three candles reveals an opportunity for a potential reversal and upward movement in the market. In a downtrend, the Morning Star pattern suggests a gradual weakening of selling, with buying starting to strengthen, leading to a reversal and an upward price movement.