Morning star candlestick patterns can be strong reversal signs, but need to be traded safely as they are not always reliable, try to only use them at areas that are likely to be a “bottom” of a trend.
They consist of the first candle being bearish and large bodied, the second candle being a doji, usually tiny with a two distinct wicks and the 3rd candle being bullish, large bodied and surpassing 50% of the value of the first candle.
A shooting star is the oppiosite of a Morning Star.
I will be posting excerpts from a new in depth crypto trading guide every week on my discord:
www.invite.gg/cryptocollective
They consist of the first candle being bearish and large bodied, the second candle being a doji, usually tiny with a two distinct wicks and the 3rd candle being bullish, large bodied and surpassing 50% of the value of the first candle.
A shooting star is the oppiosite of a Morning Star.
I will be posting excerpts from a new in depth crypto trading guide every week on my discord:
www.invite.gg/cryptocollective