✍Morning star pattern forms with 3 candlesticks which have a small star at the bottom and the bearish and bullish candle.
✍Morning star is trend reversal candle which indicates there should be a proper trend before the candle.
✍This candle forms at the end of downtrend. The small candle formation after the large bearish candle can be any colour or can be DOJI.
✍The third bullish candle forms after the small candle is the indication that the downtrend is over and the new bull phase is going to start.
✍The trade has to be taken after the closing of all three candles and the low of small candle should be put as a stop loss.
✍As per shown in the above image the morning star pattern has formed at the end of downtrend and the new uptrend has started after it.
✍The morning star pattern is highly reliable pattern after the proper closing of price takes place.
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