A three-candle bullish reversal at the lows of a downtrend. The mirror of the Evening Star, and one of the most reliable buy signals in candlestick analysis.
The Morning Star is a three-candle reversal pattern that appears at the lows of a downtrend. It is the upside-down mirror of the Evening Star and is regarded as one of candlestick analysis's most trustworthy bullish reversal signals.
The name refers to Venus in the eastern sky before sunrise — the first light to appear after a long night. Where the Evening Star marks the close of a day's trading and the slide into darkness, the Morning Star marks the opening: the moment the market turns from decline toward rise.
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