What is a morning star in trading?
The dawn star, also known as the morning star, is a technical pattern made up of three candles that must meet a series of requirements to be considered as such.
Pattern: Of change.
Trend: Bullish.
Reliability: High.
This technical pattern is represented by a long bearish candle (red), a gap with another candle, and a third bullish candle (green). It doesn't matter if this second candle is bullish or bearish, but it will be a short candle. The third candle opens above the low of the second candle and will close above the average of the first candle.