The morning and evening star

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The morning star pattern is a bullish reversal pattern consisting of three candles. The first candle is a long black candle at the end of a downtrend, after this is a short candle either black or white which opens and closes below the previous candle. The final candle in this pattern is a long white candle which opens above the centre candle and closes above the centre mark of the first candle.

Screen Shot 2017-05-29 at 16.14.42
Morning star candlestick

The evening star is a bullish reversal pattern which is created when the market is moving in the opposite direction to the morning star. This time the first candle is a long white candle which is at the end of an uptrend, after this a short white or black candle, then a long black candle opening below the second candle and closing below the centre of the first candle.

Screen Shot 2017-05-29 at 16.15.04
Evening star candlestick
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