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Morning Star | Bullish Candlestick Pattern
List of stocks forming a bullish candlestick pattern
Hey there!
Bringing to you stock ideas by scanning for morning star candlestick pattern as of 10th October 🔥
![](https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/4393bb36-7cfd-4965-975b-a0c0475b560b/Morning_star.jpg)
A morning star is a bullish candlestick pattern, plotted by looking at the last 3 candlesticks formed on a chart. The first is a long-bodied red candle that continues the decline that is currently in place. A short middle candle that gaps down on the open follows next. Following is a green candle with a long body that gaps up at the open and closes somewhat above the first day’s body’s halfway.
This pattern marks a potential short-term reversal from a downtrend to an uptrend and is often a preferred entry point for a stock. A morning star formation gives the best results when backed up by volume and some other indicators, like a support level.
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