CANDLESTICK OF THE DAY: 5/16 Morning

Star

This candlestick's pattern is more complex simply because it is made up of three candlesticks:

1- A long red candle

2- A short-bodied candle

3- A long green one.

The morning star pattern suggests that the first period's selling pressure is fading, and a bull market is forming.

Study the image attached for graphical understanding!

So, what do you do when you see this kind of pattern being formed?