Home Glossary The Morning Star

The Morning Star

24.07.2017

The Morning Star is a technical analysis graph pattern which signals an inversion of the trend on the Forex market. It is also called a bullish star since it appears at the bottom of a trading graph and symbolises a switch of price movement to growth. The morning star is made up of three Japanese candles: at the edges there are candles with long dark shades and a candle with a long light shade; in the middle there is a light candle with a short body. It is believed that the morning star is such a strong indicator that the body of the third candle closes that of the first

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