How Do You Read Morning Star Candles Pattern?

How Do I Read Morning Star Candlesticks Pattern?

Technical Analysis of Morning Star Pattern Forex Candle Pattern

Morning star candles pattern is a 3 day bullish reversal pattern.

First day is a long black candle-stick.

Second day is a morning star candlestick which gaps away from the long black candlestick.

Third day is a long white candlestick which fills the gap.

The filling of the gap & closing of the white candle above the gap is a strong bullish Forex signal.

Traders should open a buy trade after market price closes above gap formation of the morning star candles pattern. This is confirmation signal of a buy signal generated by this forex Morning star candlesticks pattern.