morning star

morning star /'mɔ:niɳ'stɑ:/
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morning star

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Investopedia Financial Terms

Morning Star
A bullish candlestick pattern that consists of three candles that have demonstrated the following characteristics:

1. The first bar is a large red candlestick located within a defined downtrend.
2. The second bar is a small-bodied candle (either red or white) that closes below the first red bar.
3. The last bar is a large white candle that opens above the middle candle and closes near the center of the first bar's body.

As shown by the chart, this pattern is used by traders as an early indication that the downtrend is about to reverse.

Bull
Candlestick
Evening Star
Moving Average Convergence Divergence - MACD
Real Body
Relative Strength Index - RSI
Reversal
Tri-Star