Morningstar Candle Formations – Eleven Bullish Reversal Charts

By | October 29, 2019

The morningstar formation, as most readers know, is a three-day bullish reversal pattern. It consists of a large dark down-day candle , foloed by a narrow opening and closing range doji candle, and completed by a large white or up-day candle. It represents a transition in bearishness, to a neutral stance, to bullishness.

The formation is usually seen at the end of declining periods in a stock price, and is considered a fairly reliable technical pattern.

A number of morningstars appeared on the charts after trading on Monday and here are just a few:

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