Morning Star is a candle stick that is based on the candle stick pattern used in stock exchanges. This Morning Star is a particular candle-based pattern where the candle is formed in a red pattern.
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Morning star variations
Morning Star is a red candle stick pattern. A morning star has a very low candle body and a large wick.
The morning star candle stick pattern
The morning star candle stick pattern is shown in the below picture.
Morning star trend
Morningstar is a bullish reversal trend. A morning star candle stick pattern is shown in the above picture. The picture clearly states that the morning star is a trend reversal pattern. After the formation of the candle, the next candle will be a strong green candle.
Thereafter the candle stick will move further to form a strong green pattern.
What happens after the morning star formation
Morningstar is a signal for potential trend reversal. In a bearish trend, the morning star candle stick pattern is formed.
Is morning star bullish or bearish?
The morning star is a bullish candle stick pattern. After the formation of a Morningstar, the nest candle would be formed as a green candle stick and then a strong stock gain would be seen.